Waaree Energies looks cheap considering its future growth potential.
- Trading at 40-45x PE in unlisted market.
- FY24 revenue of ₹11,398 Cr and a profit of ₹1,274 Cr, reflecting growth of 69% and 154% from FY23
- High ROCE and ROE
- Orderbook at 20 GW as of Mar 2024
- Market share at 44%
- 6x Expansion in 3 years
Disclosure: Invested recently via Precize
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