Waaree Energies share price has become a focal point for investors in the renewable energy sector. The company’s stock reflects its growth potential and market dynamics. Understanding its current status and future prospects is essential for making informed investment decisions.
Table of Contents
Current Share Price and Market Performance
As of October 28, 2024, the current share price of Waaree Energies Ltd is approximately ₹2,435.85. This marks a significant increase from its previous close of ₹1,503.00. The stock has shown resilience, trading about 10.88% away from its 52-week high of ₹2,624.40. The market capitalization stands at ₹62,795 crores, indicating a strong presence in the capital goods sector.
| Metric | Value |
|---|---|
| Current Share Price | ₹2,435.85 |
| Previous Close | ₹1,503.00 |
| Market Capitalization | ₹62,795 Cr |
| 52-Week High | ₹2,624.40 |
| 52-Week Low | ₹1,503.00 |
Financial Health Indicators
Analyzing the financial metrics of Waaree Energies provides insights into its operational efficiency and profitability:
- Return on Equity (ROE): The company has an impressive ROE of 33.4%, showcasing its ability to generate profit from shareholders’ equity.
- Return on Capital Employed (ROCE): With a ROCE of 43.6%, Waaree Energies demonstrates effective use of capital in generating earnings.
- Debt to Equity Ratio: At 0.0388, this ratio indicates that the company maintains a low level of debt relative to its equity, suggesting financial stability.
These indicators reflect Waaree Energies’ robust financial health and ability to navigate market challenges effectively.
Growth Trends and Future Prospects
Waaree Energies has reported remarkable growth in recent years:
- Revenue Growth: The company achieved a revenue growth rate of approximately 153.81%. This growth is attributed to increased demand for renewable energy solutions.
- Installed Capacity: The installed capacity surged from 2 GW in FY21 to an impressive 13.3 GW by FY24.
Such growth trends position Waaree Energies favorably within the renewable energy sector, especially as global demand for clean energy continues to rise.
Investment Considerations
Investors should consider several factors when evaluating Waaree Energies share price:
Valuation Metrics
- Price-to-Earnings (P/E) Ratio: Currently at around 112, this high P/E ratio suggests that investors are willing to pay a premium for the company’s growth potential.
- Earnings Per Share (EPS): The latest EPS stands at ₹15.87, indicating solid profitability per share.
Dividend Yield
The current dividend yield for Waaree Energies is approximately 0.06%. While this may seem low compared to other sectors, it reflects the company’s reinvestment strategy aimed at fueling further growth.
Market Sentiment and Analyst Opinions
Market sentiment surrounding Waaree Energies is generally positive:
- Analysts highlight the company’s strong fundamentals and growth trajectory.
- The renewable energy sector’s expansion contributes to optimistic projections for future performance.
Investors are advised to keep an eye on market trends and company announcements that could impact share price movements.
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