In today’s briefing:
- Waaree Energies IPO- Forensic Analysis
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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.