This Multibagger stock has generated a return of around 56,400 percent in the past 5 years is in focus after it received an order worth Rs. 114 Crore for Operation and Maintenance of Solar Project.
With a market capitalization of Rs. 10,758 Crore, the stock of Waaree Renewable Technologies opened at Rs. 1,020, around the same level as yesterday’s close, but after opening, it made a high of Rs. 1,048, up 3.45 percent. Additionally, the Yearly return for the stock is -56 percent, and the past 5-year return is an impressive 56,400 percent.
Order Update
The company has received an order worth Rs. 114.23 in EPC (Engineering, Procurement and Construction) Mode for the works of Solar Power projects that also include Operation and Maintenance, and the project is expected to be completed in FY26. The project will be executed under the Mukhyamantri Saur Krushi Vahini Yojana – 2.0 (MSKVY 2.0)
The project has a capacity of 94 megawatts (MW) in AC (alternating current), which is the usable power delivered to the grid, and 131.6 MW in DC (direct current), which is the power generated by the solar panels before it’s converted to AC. In simple terms, the solar panels can produce up to 131.6 MW of power, but after conversion, 94 MW is what gets supplied for actual use.
Also read: 500% Dividend: Stock jumps 5% announcing 1,050% YoY net profit growth and dividend
About the Company
Headquartered in Mumbai and established in 1999, Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, is a leading Indian company specializing in renewable energy solutions with a strong focus on solar EPC (Engineering, Procurement, and Construction) services.
WRTL has built a significant presence in the solar energy sector through its execution of large-scale ground-mounted, rooftop, and floating solar projects, as well as offering comprehensive operations and maintenance services. The company has achieved 100 percent safe Manhourse, has completed 10,000+ Rooftop projects, and has executed 2.5GW of Projects.
The company reported a 74.72 percent YoY increase in revenue from Rs. 273 Crore in Q4FY24 to Rs. 477 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 32.50 percent in revenue from Rs. 360 Crore in the previous quarter.
Their Net profit saw an increase of 84.31 percent YoY from Rs. 51 Crore to Rs. 94 Crore for the same period. On a QoQ basis, the company reported an increase of 74.06 percent in Net profit from Rs. 54 Crore in the previous quarter.
Written By Abhishek Das
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