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Waa Solar Ltd

NSE: BSE: 541445

47.20

(-1.97%)

Wed, 04 Mar 2026, 09:35 am

Waa Solar Analysis

dividend

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Pros

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    Cons

    • Unable to evaluate Waa Solar's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
    • Unable to evaluate Waa Solar's dividend against the top 25% market benchmark as the company has not reported any payouts.

    health

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    Pros

    • Waa Solar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
    • Waa Solar is profitable, therefore cash runway is not a concern.
    • Waa Solar is profitable, therefore cash runway is not a concern.
    • Debt is well covered by operating cash flow (54%, greater than 20% of total debt).
    • The level of debt compared to net worth has been reduced over the past 5 years (293.1% vs 106.7% today).
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    Cons

    • Debt is not covered by short term assets, assets are 0.7x debt.
    • Waa Solar's long term commitments exceed its cash and other short term assets.
    • Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).
    • Waa Solar's level of debt (106.7%) compared to net worth is high (greater than 40%).
    • High level of physical assets or inventory.

    management

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    Pros

    • Amit's remuneration is lower than average for companies of similar size in India.
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    Cons

    • The average tenure for the Waa Solar board of directors is less than 3 years, this suggests a new board.

    misc

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    Pros

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      Cons

      • Waa Solar is not covered by any analysts.
      • Waa Solar's last earnings update was 215 days ago.

      past

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      Pros

      • Waa Solar's 1-year earnings growth exceeds its 5-year average (37.4% vs -16.3%)
      • Waa Solar's earnings growth has exceeded the IN Renewable Energy industry average in the past year (37.4% vs 30.9%).
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      Cons

      • Waa Solar's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
      • Waa Solar used its assets less efficiently than the IN Renewable Energy industry average last year based on Return on Assets.
      • Waa Solar's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
      • Waa Solar has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

      value

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      Pros

      • Waa Solar's share price is below the future cash flow value, and at a moderate discount (> 20%).
      • Waa Solar's share price is below the future cash flow value, and at a substantial discount (> 40%).
      • Waa Solar is good value based on assets compared to the IN Renewable Energy industry average.
      • Waa Solar is good value based on earnings compared to the IN Renewable Energy industry average.
      • Waa Solar is good value based on earnings compared to the India market.
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      Cons

      • 541445 underperformed the Renewable Energy industry which returned -4.4% over the past year.
      • 541445 underperformed the Market in India which returned -14.5% over the past year.
      • BSE:541445 is up 2.7% underperforming the Renewable Energy industry which returned 13% over the past month.
      • BSE:541445 is up 2.7% underperforming the market in India which returned 8% over the past month.

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      Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800