Financials Waa Solar Limited

Equities

WAA

INE799N01012

Electric Utilities

Market Closed - Bombay S.E. 03:00:41 2024-05-18 EDT 5-day change 1st Jan Change
192.6 INR 0.00% Intraday chart for Waa Solar Limited -18.72% +114.66%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023
Capitalization 1 186.1 112.1 607 539.3 490.9
Enterprise Value (EV) 1 2,104 1,229 1,809 1,321 1,214
P/E ratio 4.23 x 1.01 x 15 x 7.43 x 4.99 x
Yield - - - - -
Capitalization / Revenue 0.23 x 0.23 x 1.37 x 1.17 x 1 x
EV / Revenue 2.63 x 2.55 x 4.1 x 2.87 x 2.48 x
EV / EBITDA 3.43 x 3.21 x 4.92 x 3.75 x 3.43 x
EV / FCF -8 x -3.93 x 22 x 2.99 x 4.95 x
FCF Yield -12.5% -25.5% 4.55% 33.5% 20.2%
Price to Book 0.12 x 0.07 x 0.37 x 0.31 x 0.27 x
Nbr of stocks (in thousands) 13,267 13,267 13,267 13,267 13,267
Reference price 2 14.02 8.450 45.75 40.65 37.00
Announcement Date 9/7/19 9/30/20 9/2/21 9/3/22 9/5/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 513.4 798.9 482.4 441.6 460 490.4
EBITDA 1 437.5 614 383 367.8 352.4 354.3
EBIT 1 257.1 283.8 187.4 203.9 191.1 194.8
Operating Margin 50.08% 35.53% 38.85% 46.17% 41.55% 39.71%
Earnings before Tax (EBT) 1 48.71 69.87 136.2 68.21 97.5 121.5
Net income 1 37.12 41.84 111.2 40.52 72.59 98.43
Net margin 7.23% 5.24% 23.06% 9.18% 15.78% 20.07%
EPS 2 3.800 3.317 8.383 3.054 5.470 7.419
Free Cash Flow 1 -76.94 -262.9 -313.1 82.3 442.1 245.2
FCF margin -14.99% -32.91% -64.92% 18.64% 96.11% 50%
FCF Conversion (EBITDA) - - - 22.38% 125.45% 69.2%
FCF Conversion (Net income) - - - 203.13% 609.09% 249.13%
Dividend per Share - - - - - -
Announcement Date 9/4/18 9/7/19 9/30/20 9/2/21 9/3/22 9/5/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 1,816 1,918 1,117 1,202 781 723
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.151 x 3.124 x 2.917 x 3.268 x 2.217 x 2.041 x
Free Cash Flow 1 -76.9 -263 -313 82.3 442 245
ROE (net income / shareholders' equity) 3.94% 2.46% 6.11% 2.33% 4.14% 5.33%
ROA (Net income/ Total Assets) 5.64% 4.54% 2.92% 3.84% 3.78% 4%
Assets 1 657.9 921.5 3,809 1,055 1,921 2,461
Book Value Per Share 2 120.0 112.0 122.0 124.0 130.0 136.0
Cash Flow per Share 2 6.140 31.90 27.70 10.50 11.40 14.90
Capex 1 0.02 820 - - - 4.65
Capex / Sales 0% 102.63% - - - 0.95%
Announcement Date 9/4/18 9/7/19 9/30/20 9/2/21 9/3/22 9/5/23
1INR in Million2INR
Estimates
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