Waaree Renewable Technologies Ltd.
Price
Daily candles · NSEWhat the numbers say
- Good return on equity: 3-year ROE 74.3%.
- Comfortable leverage: debt-to-equity of 0.09.
- Sales compounded at 111.7% over 3 years.
- Weak cash conversion (CFO/OP 0.60).
- Trades above its industry P/E (15.7 vs 14.3).
Generated automatically from reported financials. These are observations, not a recommendation to buy or sell.
- Waaree Renewable Technologies bags LoA for 5 MWp turnkey solar PV project
The turnkey EPC project is to be completed within 12 months from the date of issue of the LoA
- Waaree Renewable Technologies’ arm incorporates wholly-owned subsidiary
Waaree Green Data Centers has incorporated wholly-owned subsidiary on September 14, 2026
- Waaree Renewable Technologies’ arm incorporates wholly-owned subsidiary
Waaree Green Data Centers has incorporated a WOS by name ‘Sunstar Data Centers’ on September 11, 2026
- Waaree Renewable Technologies gets LoA for ground-mounted Solar PV project
The project is scheduled to be completed during the financial year 2027-28, as per the terms of the order
- Waaree Renewable Technologies bags LoA for 124 MWp solar PV project
The project is scheduled to be completed during the financial year 2026-27
- Waaree Renewable Technologies secures 210MWp EPC contract from Solaris Horizon Energy
The project is scheduled to be completed during the financial year 2027-28, as per the terms of the order
- Waaree Renewable signs ECI agreement for utility-scale solar PV project in New Zealand
This marks the company’s strategic entry into the Australia and New Zealand (ANZ) renewable energy market
- Waaree Renewable secures 800 MWac solar EPC projects
The projects are scheduled to be completed during the financial year 2027-28, as per the terms of the order
Company announcements as filed with the exchanges. Reproduced for information — not a view or a recommendation.
| Profit & Loss · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Net Sales | 3,331 | 1,598 | 877 | 351 | 161 |
| Other income | 20 | 15 | 4 | 2 | 8 |
| Total Income | 3,352 | 1,613 | 881 | 352 | 170 |
| Expenditure | 2,690 | 1,287 | 669 | 267 | 138 |
| Operating Profit | 662 | 326 | 211 | 85 | 32 |
| Interest | 13 | 15 | 7 | 5 | 7 |
| Depreciation | 9 | 6 | 6 | 3 | 4 |
| Profit before tax | 640 | 300 | 198 | 77 | 21 |
| Tax | 161 | 72 | 53 | 22 | 12 |
| Net Profit | 479 | 229 | 145 | 55 | 9 |
| EPS (₹) | 45.91 | 22.00 | 13.95 | 5.33 | 4.13 |
| Net margin % | 14.4 | 14.3 | 16.6 | 15.8 | 5.5 |
Consolidated figures, as filed with the exchanges. Newest year first. Waaree Renewable Technologies Ltd. had roughly 4.82× as many shares from FY23 onwards, after a bonus issue or a share split. EPS is shown exactly as reported, so FY22 and earlier is struck on the smaller share count and is not comparable with the years after it. The totals above are unaffected.
| Balance Sheet · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Equity capital | 21 | 21 | 21 | 21 | 21 |
| Reserves | 912 | 433 | 224 | 63 | 9 |
| Net worth | 933 | 454 | 245 | 84 | 30 |
| Total sources | 1,016 | 480 | 274 | 116 | 63 |
| Net block | 272 | 198 | 157 | 74 | 73 |
| Capital work in progress | 178 | 56 | 3 | 80 | 1 |
| Investments | 157 | 106 | 13 | 1 | 1 |
| Inventory | 117 | 6 | 29 | 37 | 2 |
| Debtors | 1,172 | 498 | 373 | 61 | 47 |
| Cash & bank | 359 | 194 | 121 | 17 | 42 |
| Book value (₹) | 89.41 | 43.54 | 23.51 | 40.50 | 14.37 |
Consolidated figures, as filed with the exchanges. Newest year first. Waaree Renewable Technologies Ltd. had roughly 5× as many shares from FY24 onwards, after a bonus issue or a share split. Book value per share is shown exactly as reported, so FY23 and earlier is struck on the smaller share count and is not comparable with the years after it. The totals above are unaffected.
| Cash Flow · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| From operations | 287 | 303 | 128 | 65 | 43 |
| From investing | -264 | -237 | -114 | -66 | 9 |
| From financing | 23 | -49 | -7 | -9 | -40 |
| Net change in cash | 45 | 17 | 6 | -10 | 12 |
| Free cash flow | 22 | 66 | 14 | -1 | 52 |
| Closing cash | 72 | 27 | 10 | 3 | 13 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Ratios | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| ROCE % | 87.1 | 81.9 | 99.8 | 84.1 | 26.7 |
| ROE % | 69.0 | 65.5 | 88.2 | 96.9 | 34.1 |
| PAT margin % | 14.4 | 14.3 | 16.6 | 15.8 | 5.5 |
| EBIT margin % | 19.6 | 19.7 | 23.4 | 23.5 | 17.4 |
| Debt / equity | 0.09 | 0.06 | 0.17 | 0.46 | 1.40 |
| Current ratio | 1.35 | 1.32 | 1.31 | 0.84 | 1.03 |
| Interest cover | 49.13 | 21.25 | 30.33 | 15.52 | 4.06 |
| Sales growth % | 108.5 | 82.3 | 149.7 | 117.3 | 1144.4 |
| Dividend per share (₹) | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Payout % | 0.0 | 4.5 | 7.2 | 3.8 | 24.2 |
Consolidated figures, as filed with the exchanges. Newest year first.
Frequently asked
Waaree Renewable Technologies Ltd. (WAAREERTL) last traded at ₹718.95 on the NSE, down +3.27% on the session. Prices on this page are indicative and for information only.
Waaree Renewable Technologies Ltd. has traded between ₹715.50 and ₹1,358.00 over the last 52 weeks on the NSE.
Waaree Renewable Technologies Ltd. has a market capitalisation of about ₹7,502 crore.
Waaree Renewable Technologies Ltd. trades at a P/E of 15.7, against an industry P/E of 14.3.
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Exchange filings and end-of-day data, not a live feed. Bulk, block and insider records are published by the exchanges when a threshold is crossed, so they show reportable activity only. For information, not a recommendation to deal, and not a view on any person named above.
Disclosures. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Prices and data on this page are indicative and for information only. Nothing here is investment advice or a recommendation to buy or sell any security. Investors should consider their own objectives, financial situation and risk profile, and may wish to seek independent advice, before investing.
Figures are as reported by the company; consolidated where available. Errors and omissions excepted.
L. F. C. Securities Pvt. Ltd. · Member BSE, NSE, MCX · SEBI Stock Broker INZ000170736 · CDSL IN-DP-281-2016 · AMFI ARN-78991 · Investment Adviser (Non-Individual) INA000011617 · Compliance Officer: Mr. Santosh Patil · santoshp@labdhi.in · 022-35006933 · Investor Grievances: investorgreve@labdhi.in