WAA Solar Ltd.
Snapshot View

40.00 +1.00 ▲2.6%

26 July 2021, 04:00:00 P.M.
Volume: 17,600

Overview View Details

Sector Power. Compare with Sector peers
Industry Power Generation/Distribution Compare with Industry peers
Website http://www.waasolar.org
Financial Indicators
Market Cap 53.40 Cr.
Earnings per share (EPS) 3.05 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 13.18 Trailing Twelve Months Ending 2021-03
Industry PE 16.83 Trailing Twelve Months Ending 2021-03
Book Value / Share 126.78 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.32 Calculated using Price: 40.25
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.33 Cr. 13,266,764 Shares
FaceValue 10
Company Profile

The company was incorporated as ‘Waa Solar Private Limited’ under the provision of the Companies Act, 1956 vide certificate of incorporation dated November 9, 2009 issued by the Assistant Registrar of Companies, Maharashtra, Mumbai. The registered office of the company was shifted from Maharashtra State to Gujarat State and certificate was issued on September 12, 2013 by the Registrar of Companies, Gujarat, Dadara Nagar and Havelli. Consequent upon the conversion of the company to public limited company, the name of the company was changed to ‘Waa Solar Limited’ and fresh certificate of incorporation dated February 19, 2018 was issued by the Assistant ROC, Registrar of Companies, Ahmadabad.

The company was originally incorporated in the year 2009, at Mumbai and promoted by Hitesh Doshi and Viren Doshi. On May 8, 2010, the company was taken over by their corporate promoter Madhav Power (MPPL) with the intention entering into solar power projects in the state of Gujarat. MPPL is their promoter and holding company holds 3,419,982 Equity Shares constituting 70.03% of stake in their company.

Business area of the Company:

Waa Solar is mainly engaged in solar power generation by setting up Solar Power Project and by investing in Special Purpose Vehicle (SPV) associate and subsidiaries companies which are engaged in solar power generation activities.

Key Events and Milestones:

  • November 09, 2009: Incorporated under Companies Act, 1956 as ‘Waa Solar Private Limited’.
  • January 09, 2010: Management of the company was taken over by Madhav Power.
  • May 21, 2010: 10 MW Power Purchase Agreement executed between the company & Gujarat Urja Vikas Nigam Limited (GUVNL) for Solar Power plants at Village: Nayka, Tal. Sami, District Patan in Gujarat.
  • October 08, 2010: Supplemental Power Purchase Agreement executed between the company & Gujarat Urja Vikas Nigam Limited (GUVNL) for Solar Power Plants at Village: Tikar, Tal. Muli, District Surendranagar in Gujarat.
  • February 27, 2012: Certificate of Commissioning received from Gujarat Energy Development Authority for Commissioned 10.25 MW capacity Solar Photovoltaic Power Project.
  • January 30, 2013: 100 KW Power Purchase Agreement executed between Company & Airport Authority of India for Solar Power Plants at Raja Bhoj Airport, Bhopal.
  • June 28, 2013: Certificate of Commissioning received from Airport Authority of India for Commissioned 100 KW capacity Solar Photovoltaic Power Project.
  • August 13, 2013: Incorporation of 100% subsidiary company for implementation of 10MW Power Project in the state of Karnataka.
  • September 3, 2013: Incorporation of subsidiary company for implementation of 4 MW Power Project in the state of Punjab.
  • March 13, 2014: Incorporation of subsidiary company for implementation of 4 MW Rooftop Power Project in the state of Gujarat.
  • June 7, 2016: Incorporation of subsidiary company for implementation of Power Project in the state of Karnataka
  • February 19, 2018: Converted in to a Public Limited from Private Limited.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.56%
1 Week
+0.50%
1 Month
+2.83%
3 Month
-17.90%
6 Month
+24.69%
1 Year
+357.14%
2 Year
+148.14%
5 Year
8 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 12.80 7.98 14.98 6.43 -1.39 4.32 2.75 6.54
Return on Capital Employed (%) 10.04 8.57 9.46 7.69 7.76 9.70 9.66 8.88
Return on Assets (%) 4.80 2.38 3.12 1.64 -0.44 1.38 0.94 2.53

Balance Sheet View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 65 70 81 109 64 118 149 162
Non Curr. Liab. 85 163 301 156 150 171 212 131
Curr. Liab. 23 39 49 24 26 23 67 25
Minority Int. 0 7 16 9 9 9 33 24
Equity & Liab. 173 280 447 298 249 320 461 342
Non Curr. Assets 160 217 399 283 231 269 356 227
Curr. Assets 12 63 48 15 19 51 104 115
Misc. Exp. not W/O
Total Assets 173 280 447 298 249 320 461 342

Profit Loss View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 28 31 66 64 52 51 80 48
Other Income 0 2 1 1 1 3 6 21
Total Income 28 33 67 65 52 54 86 70
Total Expenditure -1 -6 -20 -22 -8 -10 -19 -19
PBIDT 27 28 46 43 44 44 66 50
Interest -9 -13 -20 -21 -21 -21 -26 -18
Depreciation -9 -9 -15 -16 -24 -18 -33 -20
Taxation 0 0 0 -1 -3 -2
Exceptional Items
PAT 8 5 11 6 -1 4 4 10

Cash Flow View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 13 37 47 52 42 40 106 25
Cash Fr. Inv. -18 -66 -194 98 -18 -34 -133 76
Cash Fr. Finan. 5 54 124 -151 -24 -6 63 -106
Net Change 0 26 -23 0 0 1 36 -6
Cash & Cash Eqvt 2 28 6 5 5 6 42 37

Shareholding Pattern View Details

9 Qtrs 2017-08 (%) 2018-06 (%) 2018-07 (%) 2018-09 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%)
Promoter 100.00 69.85 69.85 69.85 69.85 69.85 69.85 69.85 69.81
Public 0.00 30.15 30.15 30.15 30.15 30.15 30.15 30.15 30.19
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 76.00 76.00 76.00 76.00 76.00 76.00 76.00 73.05

Announcements View Details

Wed, 21 Jul 2021
Disclosure Of Related Party Transactions For Year Ended 31.03.2021
Pursuant to Regulation 23 (9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith the disclosure of Related Party Transactions on consolidated basis for the year ended on March 31 2021 in the format specified in the relevant accounting standards.

We kindly request you to take the same on your record.
Mon, 12 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
In reference to captioned subject and pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 we hereby attached the confirmation certificate received from M/s. Bigshare Services Private Limited the Registrar and Share Transfer Agent (RTA) of the Company for the year ended on June 30 2021.

Kindly take the same on your record and oblige us.
Mon, 12 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Bhumi Vaid
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Mon, 26 Jul 2021
Strongly Underperforming Benchmark index Strongly Underperforming Benchmark index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Underperforming Sectoral index Strongly Underperforming Sectoral index
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Closing Near 50 EMA Closing Near 50 EMA

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