Waaree Energies Ltd

Waaree Energies maintains a strong liquidity position, with a current ratio of 1.48 and cash and equivalents amounting to INR 36,577.84 million. The company's debt-to-equity ratio is 0.14, indicating a conservative capital structure with minimal reliance on long-term debt. This low leverage supports financial flexibility and reduces exposure to interest rate volatility.

The company's profitability is supported by a positive operating cash flow of INR 23,050.21 million and a free cash flow of INR 1,261.82 million. These figures suggest that Waaree Energies is generating sufficient cash to fund operations and potentially reinvest in growth opportunities. However, the capital expenditure of INR -13,423.36 million indicates ongoing investment in infrastructure and expansion.

Geographically, the company's revenue is concentrated in India, as disclosed in its segments. While this provides a stable domestic market, it also exposes the company to regulatory and macroeconomic risks specific to the Indian market. The company has not disclosed significant international operations, which limits its diversification.

Looking ahead, the company is expected to maintain a positive growth trajectory, supported by the renewable energy sector's expansion in India. Analysts have assigned a mean price target of INR 3,524.21 and a median price target of INR 3,675.00, with a mean recommendation of 2.43 (1=strong buy, 5=strong sell). These estimates suggest a generally positive outlook, although the absence of "buy" or "strong buy" ratings from all analysts indicates some caution.

The company's risk profile is characterized by low liquidity and dilution risks, with no immediate filing-based flags detected. The dilution potential is also low, and the company has not issued additional shares recently. However, the capital expenditure suggests that the company may need to raise additional capital in the future, which could introduce dilution pressure if not funded through existing cash reserves.

Recent events, including analyst estimates and financial disclosures, indicate a stable and growing business. The company's strong cash position and positive cash flows support its ability to meet short-term obligations and fund future growth. The absence of significant risk factors in the filings suggests that the company is managing its operations effectively.

Revenue INR 75.65B, +118,8% YoY; Operating income +115,9% YoY.

• ▍Revenue INR 75.65B, +118,8% YoY
• ▍Operating income +115,9% YoY
• ▍Net income +115,7% YoY
• ▍Net margin 14.0%

Revenue INR 60.66B, +69,7% YoY; Operating income +164,8% YoY.

• ▍Revenue INR 60.66B, +69,7% YoY
• ▍Operating income +164,8% YoY
• ▍Net income +133,0% YoY
• ▍Net margin 13.9%

Revenue INR 44.26B, +29,8% YoY; Operating income +71,0% YoY.

• ▍Revenue INR 44.26B, +29,8% YoY
• ▍Operating income +71,0% YoY
• ▍Net income +89,1% YoY
• ▍Net margin 16.8%

Revenue INR 40.04B; Operating income INR 7.65B.

• ▍Revenue INR 40.04B
• ▍Operating income INR 7.65B
• ▍Net margin 15.5%

Revenue INR 34.57B; Operating income INR 6.33B.

• ▍Revenue INR 34.57B
• ▍Operating income INR 6.33B
• ▍Net margin 14.3%

Revenue INR 144.44B, +26,7% YoY; Operating income +41,2% YoY.

• ▍Revenue INR 144.44B, +26,7% YoY
• ▍Operating income +41,2% YoY
• ▍Net income +50,9% YoY
• ▍Free cash flow −551,8% YoY
• ▍Net margin 12.9%

Revenue INR 113.98B, +68,8% YoY; Operating income +151,8% YoY.

• ▍Revenue INR 113.98B, +68,8% YoY
• ▍Operating income +151,8% YoY
• ▍Net income +156,3% YoY
• ▍Free cash flow +203,9% YoY
• ▍Net margin 10.9%

Revenue INR 67.51B, +136,5% YoY; Operating income +733,8% YoY.

• ▍Revenue INR 67.51B, +136,5% YoY
• ▍Operating income +733,8% YoY
• ▍Net income +538,2% YoY
• ▍Free cash flow +46,2% YoY
• ▍Net margin 7.2%