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Waa Solar
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Waa Solar Limited was incorporated as a private limited company with the name 'Waa Solar Private Limited' on November 9, 2009. The registered office of the Company was shifted from Maharashtra State to Gujarat State on September 12, 2013. Consequent upon the conversion of the Company to public limited company, the name of the Company was changed to 'Waa Solar Limited' on February 19, 2018. The company was promoted by Mr. Hitesh Doshi and Mr. Viren Doshi. On May 8, 2010, the company was taken over by the corporate promoter M/s. Madhav Power Private Limited ('MPPL') with the intention entering into solar power projects in the state of Gujarat. MPPL is the promoter and holding company holds 34,19,982 Equity Shares constituting 70.03% of stake in company. On May 21, 2010, Gujarat Urja Vikas Nigam Limited ('GUVNL') has awarded the work of setting up of Solar Photovoltaic Grid Interactive Power Plant of 10MW capacity at village Nayka, Taluka-Sami, District Patan, to produce the Electric Energy and for sale of entire electrical energy, so produced, for commercial purpose from such project to GUVNL for a tenure of 25 years. GUVNL has entered into Power Purchase Agreement ('PPA') dated May 21, 2010 and agreed to purchase such power through distribution companies ('Discom'). Subsequently, the company vide its letter dated September 17, 2010 requested to GUVNL for shifting of location of 10MW Solar power plant from village Nayka, Taluka-Sami, District Patan, Gujarat to Village Tikar (Parmar), Taluka- Muli, District Surendranagar, Gujarat. GUVNL on October 8, 2010 accepted the request for change in location of 10 MW solar power plant and executed supplementary Power Purchase Agreement ('PPA') on October 8, 2010. In March 2011, the company acquired 3,71,502 Square Meter (approx 92 acres) of agriculture land of Rs. 392.80 Lakhs for setting up Solar Photovoltaic Grid Interactive power plant of 10MW at Village Tikar (Parmar), Taluka- Muli, District Surendranagar. The company within a period of 11 months of acquisition of land completed 10.25 MW (DC) capacity of ground mounted Solar Photovoltaic power project in the area of (approx 59.80 acres) at Village Tikar (Parmar), Taluka- Muli, District Surendranagar, Gujarat, installed 63,990 Photovoltaic (PV) modules in phase I having total capacity of 4.9592 MW and 64,875 PV modules in phase II having total capacity of 5.9207 MW with 14 inverter transmission station. The Company received certificate of commissioning of 10.25 MW from Gujarat Energy Development Agency ('GEDA') on February 27, 2012. Out of total land area of 92 acres of land situated at Village Tikar (Parmar), Taluka- Muli, District Surendranagar, Gujarat, the company has set up Solar Photovoltaic power project in the area of approx 59.80 acres and balance area of approx 32 acre land has been given on lease basis to M/s. S.J. Green Park energy Private Limited for setting up Solar Photovoltaic power project of 5.125 MW w.e.f May 9, 2012 for a tenure of 25 years at a monthly rent of Rs. 1.00 Lakhs with the incremental rent of 5% every year.
Waa Solar share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Waa Solar indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Waa Solar is valued compared to its competitors.
Waa Solar PE ratio helps investors understand what is the market value of each stock compared to Waa Solar 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Waa Solar evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Waa Solar generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Waa Solar in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Waa Solar shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Waa Solar compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Waa Solar over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Waa Solar helps investors get an insight into when they can enter or exit the stock. Key components of Waa Solar Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Waa Solar shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Waa Solar ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Waa Solar provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Waa Solar highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Waa Solar .
The balance sheet presents a snapshot of Waa Solar ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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