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Stock DNA
Power Generation/Distribution
INR 87 Cr (Micro Cap)
20.00
21
0.00%
0.10
2.41%
0.48
Revenue and Profits (1 Year):
Net Sales:
(Quarterly Results - )
Net Profit:
Total Returns (Price + Dividend) 
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-57.42%
0%
-57.42%
1 Year
-52.09%
0%
-52.09%
2 Years
77.32%
0%
77.32%
3 Years
27.66%
0%
27.66%
4 Years
58.84%
0%
58.84%
5 Years
578.66%
0%
578.66%
Waa Solar for the last several years.
Risk Adjusted Returns v/s Sensex 
Returns Beta
Beta has not been calculated since enough price history is not available
Quality key factors 
Factor
Value
Sales Growth (5y)
0.60%
EBIT Growth (5y)
-7.69%
EBIT to Interest (avg)
1.29
Debt to EBITDA (avg)
3.71
Net Debt to Equity (avg)
0.89
Sales to Capital Employed (avg)
0.11
Tax Ratio
17.58%
Dividend Payout Ratio
0
Pledged Shares
75.16%
Institutional Holding
0
ROCE (avg)
6.10%
ROE (avg)
3.91%
Valuation key factors
Factor
Value
P/E Ratio
20
Industry P/E
21
Price to Book Value
0.48
EV to EBIT
11.87
EV to EBITDA
5.99
EV to Capital Employed
0.53
EV to Sales
4.07
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
4.44%
ROE (Latest)
2.41%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
Bullish
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
Shareholding Snapshot : Mar 2025
Shareholding Compare (%holding) 
Majority shareholders
Promoters
Pledged Promoter Holdings
75.1553
Mutual Funds
Held by 0 Schemes
FIIs
Held by 0 FIIs
Promoter with highest holding
Madhav Power Private Limited (52.9%)
Highest Public shareholder
None
Individual Investors Holdings
29.11%
Half Yearly Results Snapshot (Consolidated) - Sep'23
Sep'23
Mar'23
Change(%)
Net Sales
23.65
23.36
1.24%
Operating Profit (PBDIT) excl Other Income
17.02
18.92
-10.04%
Interest
4.28
4.93
-13.18%
Exceptional Items
0.00
0.00
Consolidate Net Profit
4.69
6.06
-22.61%
Operating Profit Margin (Excl OI)
71.97%
80.99%
-9.02%
Values in Rs Cr.
Net Sales
Growth in half year ended Sep 2023 is 1.24% vs -9.03% in Mar 2023
Consolidated Net Profit
Growth in half year ended Sep 2023 is -22.61% vs 59.06% in Mar 2023
Annual Results Snapshot (Consolidated) - Mar'24
Mar'24
Mar'23
Change(%)
Net Sales
26.69
49.04
-45.58%
Operating Profit (PBDIT) excl Other Income
18.18
35.43
-48.69%
Interest
4.01
10.06
-60.14%
Exceptional Items
0.00
0.00
Consolidate Net Profit
6.63
9.84
-32.62%
Operating Profit Margin (Excl OI)
68.12%
72.25%
-4.13%
Values in Rs Cr.
Net Sales
YoY Growth in year ended Mar 2024 is -45.58% vs 6.61% in Mar 2023
Consolidated Net Profit
YoY Growth in year ended Mar 2024 is -32.62% vs 35.54% in Mar 2023
About Waa Solar Ltd 
Waa Solar Ltd
Micro Cap
Power Generation/Distribution
Waa Solar Limited was incorporated as a Private Limited Company with the name "Waa Solar Private Limited" on November 9, 2009. The status of the Company changed to Public Limited Company and Company name 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 Promoter M/s. Madhav Power Private Limited (MPPL) by entering into solar power projects in Gujarat.
Company Coordinates 
Company Details
Madhav House Subhanpura, Nr Panchratna Building Vadodara Gujarat : 390023
Registrar Details
Bigshare Services Pvt Ltd , E-2 , Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai