₹1 Lakh Become ₹6.68 Crore in 4 Years; Record Date Fixed for 1:5 Stock Split, Stock in Back-to-Back Upper Circuits

Shares of this company engaged in renewable energy have been hitting back-to-back upper circuits for the past few days and it has gained more than 28% in the last 5 trading days. Recently, in the second week of February, this stock had fallen by 22 percent, but soon it recovered and jumped to more than 90% since 14th February.

The company is Waaree Renewable Technologies Ltd (BSE BOM: 534618) and on Thursday the company’s shares reached a 52-week high with an upper circuit of 5% and closed at Rs 7445.00 per share. There has been a tremendous rise in its stock in a month and the stock has doubled in just 3 weeks.

Record Date Fixed for 1:5 Stock Split

Waaree Renewable Technologies Limited has announced the record date for a 1:5 stock split. According to a BSE filing on March 05, 2024, the company has set a record date of Saturday, March 16, 2024. As per the 1:5 stock split, the company will give a split of 5 shares to its shareholders for every 1 share held, i.e. shareholders who are holding 10 shares of the company will now have 50 shares and the face value of the share which is currently Rs 10 will become Rs 2.

Recent Shown Good Quarterly Results

Talking about the financials of the company is quite good and has shown good results in the 3rd quarter. It experienced positive growth in net sales, net profit, and EPS as compared to the same quarter last year, indicating strong financial performance in the specified period.

The company reported net sales of Rs 322 crore for the quarter, up 347.22% compared to the same quarter last year (Rs 72 crore in December 2022). Net Profit for the quarter ended December 2023 is Rs 66 crore as against Rs 27 crore in December 2022, showing a significant growth of 144.44%. Earnings Per Share (EPS) increased from Rs 12.78 in December 2022 to Rs 31.50 in December 2023.

QuarterSalesProfitOPM
Dec 2022722748%
Sep 20231481917%
Dec 20233226627%
Solar Panel renewables energy green energy
Waaree Renewable Technologies

Waaree Renewable Technologies Shares Performance & Return

Shares of Waaree Renewable Technologies were listed on BSE in Feb 2012 and since its listing, it has delivered marvelous returns. Shares of Waaree Renewable Technologies have surged more than 52000% since listing. If we talk about the recent performance of the stock, it has doubled in just a few weeks. Its stock has increased by 68.34% in a month, 180.89% in two months, and 357.79% in three months. You can check the tables below to know the performance in detail.

Waaree Renewable Shares Surge More Than 1100% in a Year

PeriodClosingGrowthReturns on ₹1 Lakh
1M₹4,201.4077.20%₹177,203
2M₹2,460.80202.54%₹302,544
3M₹1,626.30357.79%₹457,788
4M₹1,440.80416.73%₹516,727
5M₹1,352.50450.46%₹550,462
6M₹1,287.60478.21%₹578,208
7M₹1,306.85469.69%₹569,690
8M₹1,091.60582.03%₹682,026
9M₹1,006.35639.80%₹739,802
10M₹983.40657.07%₹757,067
11M₹928.15702.13%₹802,133
12M₹613.701113.13%₹1,213,133

The stock has risen 357.79% in three months, 478.21% in six months, and 631.88% in nine months. In the last 12 months, it has increased investors’ money more than 12 times. If you had invested ₹1 lakh in it 12 months ago, the value of those shares would have increased to ₹1,213,133 today.

Waaree Renewable Shares Performance in 2024 YTD

MonthOpeningClosingGain/ Fall
Jan₹2,194.15₹3,839.6074.99%
Feb₹4,031.55₹5,557.4037.85%
Mar₹5,835.25₹7,445.0027.59%
Total Returns in 2024239.31%

Waaree Renewable Technologies’ share price was ₹2,194.15 in January and today it is trading at ₹7,445.00 representing a total gain of 239.31% in 2024 YTD.

Waaree Renewable Shares Performance in 2023

MonthOpeningClosingGain/ Fall
Jan₹503.65₹494.35-1.85%
Feb₹476.05₹604.6527.01%
Mar₹624.80₹774.3523.94%
Apr₹792.90₹887.1511.89%
May₹921.15₹847.10-8.04%
Jun₹836.35₹1,127.0034.75%
Jul₹1,135.10₹1,398.5023.21%
Aug₹1,397.55₹1,226.80-12.22%
Sep₹1,156.30₹1,277.1010.45%
Oct₹1,401.70₹1,372.90-2.05%
Nov₹1,367.80₹1,432.204.71%
Dec₹1,448.90₹1,981.3536.75%
Total Returns in 2023293.40%

Investors who invested in it in 2023 earned quite well returns. The share price of Waaree Renewable Technologies in January 2023 was ₹503.65 and on the last trading day of the year, it closed at ₹1,981.35 with a gain of 293.40%

Waaree Renewable Shares Performance & Return (Compound)

In the table below you can check the company’s absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 1 lakh then what is the value of those Rs 1 lakh worth of shares today…

PeriodGrowthCAGRReturns on ₹1 Lakh
1Y1113%1113.13%₹12.13 lakh
2Y2201%379.73%₹23.01 lakh
3Y17711%462.64%₹1.78 crore
4Y66671%408.33%₹6.68 crore
5Y46257%241.37%₹4.64 crore
6Y23166%148.00%₹2.33 crore
7Y24593%119.68%₹2.47 crore
8Y68518%126.23%₹6.86 crore
9Y66373%105.89%₹6.65 crore
10Y58064%89.00%₹5.82 crore
11Y53041%76.92%₹5.31 crore
MAX53041%71.89%₹5.31 crore
  • There has been an increase of 2200% in two years. If we look at the performance of the last three years, it has seen a rise of 17711%.
  • In the past four years, it has increased investors’ money by more than 668 times.
  • For investors who invested Rs 1 lakh in it five years ago, the value of those ₹1 lakh worth of shares has grown to ₹4.64 crore.
  • The CAGR growth of the stock over the last 5 years is 241.37%, for 10 years is 89.00%, and since the listing is 71.89%.

Waaree Renewable Shares Performance & Return (Year-wise)

YearOpenCloseGain/ Fall
2024₹2,194.15₹7,445.00239.31%
2023₹503.65₹1,981.35293.40%
2022₹336.05₹500.3548.89%
2021₹13.68₹305.802135.38%
2020₹15.50₹14.40-7.10%
2019₹18.50₹15.00-18.92%
2018₹53.85₹18.75-65.18%
2017₹28.35₹51.3080.95%
2016₹10.85₹27.05149.31%
2015₹12.00₹10.85-9.58%
2014₹14.01₹11.15-20.41%
2013₹14.01₹14.040.21%
2012₹14.01₹14.332.28%

About the Company

Established in 1999, Waaree Renewables Technologies Limited (BOM: 534618) is engaged in the business of power generation through renewable energy sources. The company not only focuses on sustainable energy production but also provides expert consultancy services in the field. Waaree Renewables is renowned as one of the largest vertically integrated new energy companies, and has 12GW solar panel manufacturing capacity at its state-of-the-art facilities in Chikhli, Umargaon, and Surat in Gujarat, making it a major player. India’s renewable energy landscape.

Waaree Renewables Technologies Fundamentals

Market Cap₹ 15,508 Cr.
Current Price₹ 7,445
High / Low₹ 7,445 / 600
Intrinsic Value₹ 913
Book Value₹ 54.2
Face Value₹ 10.0
ROCE83.8 %
ROE95.8 %
PEG Ratio0.56
EPS₹ 51.0
P/B Value137
Dividend Yield0.01 %
Stock P/E146
Industry PE40.1
OPM23.2 %
Quick Ratio0.90
Debt₹ 38.7 Cr.
Debt to equity0.34
Current liabilities₹ 266 Cr.
Current assets₹ 269 Cr.
NCAVPS₹ 5.89
Return on Assets24.5 %
Reserves₹ 92.0 Cr.
Cash Equivalents₹ 62.9 Cr.
Inventory₹ 28.6 Cr.

Last 5 Years Profit & Loss Statement

Standalone Figures in Rs. Crores

YearSalesProfitOPM
Mar 20195.00050%
Mar 20202.0002%
Mar 20218.00236%
Mar 2022154.00209%
Mar 2023342.005922%
TTM65611222%

Last 5 Years Compounded Sales & Profit Growth

PeriodSales GrowthProfit Growth
5 Years180%261%
3 Years295%179%
TTM82%113%

Waaree Renewables Technologies Shareholding Pattern

PeriodPromotersFIIsDIIsPublic
Mar 202174.27%0.32%25.40%
Mar 202274.51%25.49%
Mar 202374.51%25.48%
Jun 202374.51%25.49%
Sep 202374.48%25.51%
Dec 202374.46%0.09%25.43%
4.5/5 - (2 votes)

Leave a Comment