20,000 per cent returns & 897 MW order book: Board likely to announce stock split; stock trades at high ROE & high ROCE!

The shares of the company have an ROE of 96 per cent and an ROCE of 84 per cent.

Today, one of the gainers on BSE, shares of Waaree Renewable Technologies Ltd (WRTL) gained 3.74 per cent to Rs 2,789.95 per share from its previous closing of Rs 2,689.40 per share. The stock also made a fresh 52-week high of Rs 2,849 per share with a spurt in volume by more than 1.11 times on BSE.

Waaree Renewable Technologies Ltd informed that a meeting of the Board of Directors of the company will be held on Saturday, January 20, 2024, to consider inter alia, the proposal for sub-division/ stock split of the equity shares of the company.

According to the Quarterly Results, the net sales increased by 24.5 per cent to Rs 150.06 crore and the net profit increased by 124 per cent to Rs 18.29 crore in Q2FY24 compared to Q2FY23. According to the half-yearly results, the net sales increased by 29.4 per cent to Rs 279 crore and the net profit increased by 63 per cent to Rs 29.4 crore in H1FY24 compared to H1FY23. According to its annual results, the net sales increased by 117.3 per cent to Rs 351 crore and net profit increased by 522.35 per cent to Rs 55.33 crore in FY23 compared to FY22.

Waaree Renewables Technologies Ltd is engaged in the business of generation of power through renewable energy sources and also provides consultancy services in this regard. WRTL has a market cap of over Rs 2,800 crore and has delivered good profit growth of 260 per cent CAGR over the last 5 years. As of September 30, 2023, the company’s order book stands over 897+ MW.

The shares of the company have an ROE of 96 per cent and an ROCE of 84 per cent. The stock gave multibagger returns of 475 per cent in just 1 year, 690 per cent in 2 years and a whopping 20,000 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.