Whalesbook
Okay, toh kya hua Waaree Energies ke saath?
Margin Squeeze: Profit toh badha, par kamzor pad gaya!
Dekho, FY26 ke Q4 mein Waaree Energies ne revenue mein 111.80% ka zabardast jump dikhaya, jo ab ₹8,480.25 Crore ho gaya hai. Net profit bhi 71.44% badh kar ₹1,061.1 Crore pahunch gaya. Sab kuch accha lag raha tha na? Par yahan ek twist hai!
Operating EBITDA margins mein kaafi girawat aayi. Pichhle saal isi quarter mein ye 23.04% the, jo ab 18.59% par aa gaye hain. Isi margin contraction ki wajah se share price lagbhag 10% neeche gir gaya, ₹3,502.90 se ₹3,203.10 ke aas paas trade kar raha hai. Toh revenue toh badha, par har rupaye se kam profit nikal raha tha.
Semiconductor Mein Entry aur Bada Fundraising Plan!
Is margin pressure ke beech mein, Waaree Energies ek aur bada move le raha hai. Woh semiconductor market mein entry kar rahe hain, jo digital technology ki wajah se kaafi grow kar raha hai. Iske liye ₹1 Lakh mein Waaree Semicon Private Limited ko acquire bhi kiya hai.
Aur suno, company ₹10,000 Crore tak fund raise karne wali hai Qualified Institutional Placement (QIP) ke through. Yeh paisa expansion, semiconductor business aur existing operations ko strong karne mein use hoga. Management ne FY27 ke liye EBITDA ka naya target bhi diya hai ₹7,000 Crore se ₹7,700 Crore ke beech. Thoda realistic lag raha hai ab.
India Ka Growth Story: Renewables aur Semiconductors
Waaree Energies India ke badhte renewable energy sector ka hissa hai, jahan government targets aur clean energy ki demand se boost mil raha hai. India toh waise bhi world mein teesra sabse bada renewable energy producer hai. Semiconductor industry bhi India mein bahut grow kar rahi hai, jiska market 2035 tak $126.54 billion ko paar karne ka andaaza hai. Par semiconductor manufacturing mein kaafi paisa aur technical skills lagti hain, toh challenges toh hongi.
Analysts Kya Keh Rahe Hain? (Sabka alag view)
Analysts ka Waaree Energies par alag-alag views hain.
- Nomura ne 'buy' rating rakhi hai aur target price ₹3,750 diya hai. Unhone revenue beat ko appreciate kiya hai, par margin contraction ko bhi notice kiya hai. Matlab, sales toh acchi hai, par profit banane mein thoda struggle hai.
- Jefferies ne toh April 2025 mein 'underperform' rating de di thi aur target ₹2,100 rakha tha. Unko US import rules, high inventory aur India ke solar segment ki economics ko lekar chinta hai.
- Nuvama Institutional Equities ne April 2025 mein 'buy' rating reaffirm ki aur target price ₹3,622 badha diya. Woh company ke future prospects aur guidance se khush hain.
- Geojit bhi solar module makers jaise Waaree ko lekar optimistic hai.
Abhi investors ko company ke guidance aur fundraising par nazar rakhni hogi, aur yeh dekhna hoga ki margins kab tak recover hote hain aur naye ventures kaise perform karte hain.