Waaree Energies Unlisted Share
Waaree Energies Limited
INE377N01017
Listing Status: DRHP Filed
About Waaree Energies Unlisted Share
Overview of Waaree Energies Unlisted Share
Timeline
Management
Hitesh Chimanlal Doshi - Chairman & Managing Director
- Leads financial performance, investments, and business initiatives.
- Provides strategic counsel to the Board, shaping
business strategies, and establishing policies.
- Holds a bachelor’s in commerce from the University of Mumbai.
- Possesses a Doctorate in professional entrepreneurship in business project management from the European Continental University.
Overview
Growth Story:
· Manufacturing Expansion: Started with a module manufacturing capacity of 30MW in 2007.
· Rapid Growth: Over the years, the company has witnessed remarkable growth, increasing its manufacturing capacity to an impressive 12000 MW.
Order Book:
· Strong Financial Position: As of FY-23, Waaree holds an order book 43112 crores.
· Revenue Visibility: The sustainable order book enhances the company’s revenue visibility for the next two years, indicating a positive financial outlook.
Make in India:
· Global Sourcing Strategy: Waaree Energies has strategically planned for a majority of its sourcing to be non-Chinese by FY 23-24, positioning itself as a reliable and highly sought-after global supplier.
Global Accreditation:
· Extensive Certifications: Waaree Energies boasts an impressive portfolio of over 40 global certifications, bolstering its global credibility and competitive edge.
Backward Integration:
· Investment in Manufacturing: Waaree Energies has invested in a 5.4 GW cell manufacturing plant, scheduled to begin operations in FY 23-24.
Seasoned Promoter:
· Promoter Expertise: The promoter of Waaree Energies possesses over two decades of invaluable experience in the global solar energy sector, playing a pivotal role in the company’s achievements.
Superior Technology:
· Topcon Technology: A significant portion of Waaree Energies production capacity is based on advanced Topcon Technology, ensuring the company’s future proofing in the industry.
Production Linked Incentive (PLI):
· Government Support: Waaree Energies received the PLI, enabling the establishment of a 6 GW ingot-to-module manufacturing capacity and expanding its value chain.
Energy Transition:
· Expansion into Green Hydrogen: Waaree Energies is expanding into emerging sectors, including green hydrogen electrolyser production, considered the next frontier in the energy.
Robust
Financials:
· Impressive Revenue Growth: It has witness a remarkable 51% revenue growth over the last three years, sustaining its business model.
Product Portfolio
• Inverters: Recognized for quality and reliability, Waaree Energies offers a wide array of single and three-phase inverters, both off-grid and on-grid.
• Solar Products: Waaree Energies delivers an extensive selection of solar products, such as streetlights, home lighting systems, power packs, mobile chargers, and water pumps.
• PV Module: Waaree Energies is India's largest solar panel manufacturer, boasting an operational capacity of 12 GW for various solar PV modules.
• Diversified Offerings:
BIPV (Building-Integrated Photovoltaics): Integrate solar panels into
building designs, enhancing aesthetics and energy efficiency.
Flexible Solar Panels: Lightweight and adaptable for installation on
various surfaces, expanding solar energy integration into diverse environments.
Bifacial Solar Panels: Capture sunlight from both front and rear sides,
boosting energy output by utilizing direct and reflected sunlight.
Monocrystalline PERC: High-efficiency panels with a single crystal
structure and a rear passivation layer for enhanced energy capture and overall
performance. Polycrystalline Solar Panels: Cost-effective modules made
from multiple silicon
• Future Products:
Green Hydrogen Manufacturing: The Waaree Group has triumphantly secured a
contract for a one-megawatt green hydrogen production capacity.
Electrolyzer Manufacturing: The Group is poised to produce electrolyzers, aiming to meet the surging demand for green hydrogen.
Manufacturing & Innovation
Insights of Waaree Energies Unlisted Share
FY-23 Highlights
Particulars |
FY-23 |
FY-22 |
Growth |
Revenue from operations |
6750 |
2854 |
136% |
Total Income |
6860 |
2950 |
132% |
PAT |
500 |
80 |
625% |
· Waaree Energies reported a robust 689 bps increase in EBITDA margin from 7.1% in FY-22 to 13.99% in FY-23
· For FY 22-23, Waaree Energies successfully completed a private placement of 4.4 Crores shares at a rate of INR 225 each, raising approximately INR 1,000 Crores.
· PLI tranche II of ₹1,923 crore awarded by the government.
· In August 2023, Waaree Energies reportedly secured an additional INR 1,000 Crores in funding from Valuequest.
Revenue Mix
Particulars |
FY-23 |
FY-22 |
India |
1979 |
2171 |
Outside India |
4616 |
658 |
Total |
6595 |
2829 |
· Exports increased from INR 658 crores to INR 4616 crores during the year.
· In FY 2022-23, Waaree Energies captured about 70% of India’s export market share, boosting national pride and visibility.
· Waaree Energies focused on enhancing its presence in the international markets majorly Europe and US. The result is that exports climbed, and the company emerged as a dependable supplier to some of the largest marquee names in those markets, a substantial entry barrier for other players.
Renewable installations in India
With 53% solar installations in India, Waaree Energies anticipates boosting its cell capacity to 20 GW by FY 25, positioning itself as India's largest solar cell manufacturer and one of the largest non-chinese players in the world.
Expansion & Future Targets
These expansion plans demonstrate Waaree Energies commitment to scaling up its manufacturing capabilities and global presence in the renewable energy sector.
Funding Breakdown
Waaree Energies partnership with ValueQuest advances its global mission for clean energy. Recent funding highlights its resilience, aligning with core values and paving the way for a greener future.
Waaree Energies IPO Plans
· Waaree Energies had previously filed the DRHP with SEBI in September 2021, looking to raise Rs.1500 crores (Fresh Issue: 1350 crores, OFS: 150 crores)
· Waaree Energies had offered a total of 40,07,500 equity shares under the offer for sale (OFS) by early investors and the promoters of the company.
· Recently the company’s Chairman and Managing Director (CMD) Hitesh Chimanlal Doshi had stated that the company is set to raise Rs 2,000 crore through an IPO, which it plans to close within FY-24. With the fresh capital, it will be able to expand its production and repay some debt,
· Investment banks such as Axis Capital, Jefferies and Nomura are set to assist Waaree in the planned listing, and a draft prospectus for which is expected to be filed by the end of FY-24.
Financial Charts of Waaree Energies Unlisted Share
Balance Sheet of Waaree Energies Unlisted Share
Profit and Loss of Waaree Energies Unlisted Share
Management of Waaree Energies Unlisted Share
Hitesh Chimanlal Doshi - Managing Director
Shareholding in the company - 5.8 %
Viren Chimanlal Doshi - Whole Time Director
Shareholding in the company - 4.5 %
Hitesh Pranjivan Mehta - Whole Time Director
Shareholding in the company - 0.27 %
Richa Manoj Goyal - Independent
Rajender Mohan Malla - Independent
Jayesh Dhirajlal Shah - Independent
Shareholding in the company - 0.01 %
Sujit Kumar Varma - Independent
Ancillary of Waaree Energies Unlisted Share
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
FAQs of Waaree Energies Unlisted Share
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How to buy Waaree Energies Limited?
Below are three ways through which you can purchase Waaree Energies Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Waaree Energies Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Waaree Energies Limited?
Below are three ways through which you can sell Waaree Energies Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Waaree Energies Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Waaree Energies Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Waaree Energies Limited is ₹2025 and your sell price for Waaree Energies Limited is ₹1800. The price is based on our estimates and market conditions.
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What is the lock-in period of Waaree Energies Limited?
The lock-in period for Waaree Energies Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Waaree Energies Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Waaree Energies Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Waaree Energies Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Waaree Energies Limited. The price is also determined from the most recent funding round for Waaree Energies Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Waaree Energies Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Waaree Energies Limited with us kindly click here.
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What are the financials of Waaree Energies Limited?
The financials of Waaree Energies Limited which includes the P/L of Waaree Energies Limited and the Balance Sheet of Waaree Energies Limited is in the financials section (Click on link).
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Where can I find the annual report of Waaree Energies Limited?
The annual report of Waaree Energies Limited is available in the annual report section (Click on link).
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Is buying Waaree Energies Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Waaree Energies Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Waaree Energies Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Waaree Energies Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Waaree Energies Limited?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Waaree Energies Limited from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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