In today’s briefing:
- Waaree Energies IPO- Forensic Analysis
Waaree Energies IPO- Forensic Analysis
- Waaree Energies Limited (0656504D IN) (WEL) has filed its DRHP. The company is the largest player in the Solar PV Modules manufacturing space in the country.
- The company has seen a sharp growth in sales in F23, backed by China plus one phenomemon.
- However, the financials do have a few talking points, such as high RPT, large inventory in transit, faster depreciating newer assets, etc.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
