Investment Rating

• Master Rating:

• Waaree Renewable Technologies has an operating revenue of Rs. 228.33 Cr. on a trailing 12-month basis. An annual revenue growth of 1001% is outstanding, Pre-tax margin of 13% is healthy, ROE of 28% is exceptional. The company has a high debt to equity of 110%, which can be a reason to worry. The stock from a technical standpoint is comfortably placed above its key moving averages, around 10% and 12% from 50DMA and 200DMA. From an O'Neil Methodology perspective, the stock has an EPS Rank of 69 which is a FAIR score but needs to improve its earnings, a RS Rating of 84 which is GOOD indicating the outperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 50 indicates it belongs to a fair industry group of Energy-Alternative/Other and a Master Score of B is close to being the best. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.