In business and finance, an order book is a complete record of a company’s current and projected future orders for products or services. It gives critical information about the company’s operational health, financial stability, and growth possibilities by outlining the number, value, and nature of client contracts or commitments.
Monitoring an order book enables stakeholders, such as investors and analysts, to assess a company’s performance, market demand, and capacity to reach future revenue targets. It is a crucial tool for organizations to manage production, allocate resources efficiently, and plan for long-term growth.
Here are the green energy stocks with an order book value of up to 3.3 GW in March 2024 :
Suzlon Energy Ltd
Suzlon is one of the leading global renewable energy solutions it undertakes installation and O&M of all WTG sales. Operations include design development and manufacturing of all major components, including rotor blades, tubular towers, generators, control equipment, gears and nacelles.
With a market capitalization of Rs 64,767.98 crore, the shares closed at Rs 47.61 per share, increased around 5 percent as compared to the previous closing price.
As of March 31, 2024, Suzlon Energy had an order book of 2,929 MW. Subsequently, the company secured additional orders of 402 MW, bringing the cumulative order book to 3.3 GW as of May 24, 2024.
Suzlon reported a strong performance in Q4 FY24 and the full fiscal year, with a focus on technology, manufacturing, projects, and operations and maintenance (OMS). The company launched its S144 – 3.x MW series and garnered a sizable order book for it.
During FY24, Suzlon commissioned 882 MW, a growth of 78% over the previous year. The company’s market share increased to 27% in FY24 from 22% in FY23.
The company’s revenue stood at Rs 2,196 crore in Q4FY24, during the same time frame, net profit stood at Rs 254 crore.
Inox Wind Ltd
Inox Wind Limited is a part of the Inox Group. The company is engaged in the business of manufacturing Wind Turbine Generators (WTGs) and is a wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors.
With a market capitalization of Rs 19,406.97 crore, the shares closed at Rs 148.85 per share, increased around 2.34 percent as compared to the previous closing price.
As of March 2024, Inox Wind Limited (IWL) had an order book of approximately 2.7 gigawatts (GW). This order book is diversified across central public sector units (PSUs) and corporate and industrial (C&I) customers, reducing the risk of order concentration.
The order book is expected to continue growing at a strong pace, driven by the revival of the wind segment and the company’s focus on expanding its operations and maintenance (O&M) services
The company is in well positioned to capture a large market share in one of the fastest growing sector in India; India’s Wind sector is set to add 100GW of capacity over the next decade over 45 GW of current wind capacity.
The company’s revenue stood at Rs 528 crore in Q4FY24, during the same time frame, net profit stood at Rs 37 crore.
Waaree Renewables Technologies Ltd
Waaree Renewables Technologies Ltd is engaged in the business of generation of power through renewable energy sources and also provides consultancy services in this regard. It has India’s largest Solar panel manufacturing capacity of 12GW at its plants in Chikhli, Surat and Umbergaon in Gujarat.
With a market capitalization of Rs 24,922.92 crore, the shares closed at Rs 2,393.00 per share, increased around 5 percent as compared to the previous closing price.
As of March 2024, Waaree Renewable Technologies had an unexecuted order book totaling 2,365 MW. The company’s order book includes significant projects to be executed within the next 18 months, reflecting a strong pipeline of work in the renewable energy sector.
Additionally, Waaree Renewable Technologies reported stellar financial performance, with substantial revenue growth and a notable increase in net profit, indicating a positive outlook for the company’s future growth and operations.
The major projects included in Waaree Renewable Technologies’ outstanding order book as of March 2024 are diverse and significant. Some of the notable projects are A 70 MW Capacity Ground-mounted solar power project and a 4.27 MW Capacity Rooftop solar power project etc. These projects contribute to Waaree’s robust unexecuted order book, positioning the company strategically in the renewable energy sector for future growth and success.
The company’s revenue stood at Rs 273 crore in Q4FY24, during the same time frame, net profit stood at Rs 54 crore.
Written by:- Abhishek Singh
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