1. India Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Waa Solar Ltd.

Waa Solar Ltd.

BBSE:WAA
40.17
INR
-1.82
(-4.33%)
568.08MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
23.37
49.73
48.08
38.95
467.29
63.33
36.36
33.28
36.11
36.97
20.12
21.29
20.93
- -
Basic EPS, GAAP
4.06
8.56
4.54
3.68
33.79
3.32
8.38
3.05
5.7
7.42
5
5.26
0.49
- -
Free Cash Flow per Basic Share
-31.11
-112.96
-46.53
26.13
367.29
84.24
18.52
25.6
24.34
27.43
10.79
-63.06
-15.66
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
52.85
61.4
82.18
85.85
88.57
112.22
121.78
124.25
129.72
135.83
137.3
140.99
139.16
139.16
Tangible Book Value per Share
7.74
-117.18
82.18
85.85
88.57
112.22
87.2
94.13
103.89
114.29
137.3
140.99
139.16
139.16
Basic Weighted Avg Shares
13
13
13
13
1
13
13
13
13
13
13
13
13
13
Sales/Revenue/Turnover
310
660
638
517
513
799
482
442
460
490
267
282
278
- -
Operating Margin (%)
51.25
46.65
40.93
50.04
46.11
34.42
26.04
47.42
41.55
39.71
34.9
23.26
31.03
- -
Depreciation Expense
94
149
160
179
180
330
196
164
161
160
90
39
69
- -
Net Income, GAAP
54
114
60
49
37
42
111
41
73
98
66
70
7
- -
Effective Tax Rate (%)
0.01
1.12
1.2
3.94
19.43
46.64
18.92
38.67
24.25
17.54
22.43
0.91
291.52
- -
Profit Margin (%)
17.37
17.2
9.45
9.45
7.23
5.24
23.06
9.18
15.78
20.07
24.85
24.69
2.34
- -
Working Capital
237
-11
-92
-79
283
375
903
765
752
777
861
920
434
434
LT Debt
1,633
3,009
1,555
1,485
1,692
2,098
1,312
1,139
941
728
469
1,228
1,576
1,576
Total Equity
775
973
1,176
1,226
1,264
1,822
1,859
1,829
1,907
1,993
1,810
1,859
1,835
1,835
Return on Invested Capital (%)
7.34
8.84
7.12
8.39
6.25
4
2.69
3.92
4.75
5.35
2.78
2.5
-4.83
- -
Return on Capital (%)
5.76
8.46
7.09
8.03
6.35
5.06
6.82
3.84
5.03
5.86
3.69
4.28
-5.75
- -
Return on Common Equity (%)
7.98
14.98
6.33
4.38
3.21
3.14
7.17
2.48
4.31
5.59
3.66
3.78
0.35
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
195
230
205
LT Borrowings
1,228
1,397
1,576
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
13
13
Market Capitalization
855
864
568

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
1,164
1,136
1,141
Cash, Cash Equivalents & STI
381
278
430
Accounts Receivable, Net
167
138
118
Inventories
- -
14
4
Total Current Liabilities
244
271
707
Payables & Accruals
- -
- -
- -
ST Debt
195
230
205
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.29%
0.2%
-1.3%
Free Cash Flow
-82.67%
-162.32%
-75.16%
Net Income, GAAP
6.86%
-0.68%
-90.67%
Sales/Revenue/Turnover
-4.27%
-6.13%
-1.68%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
267
2025
- -
- -
282
2026
- -
- -
278

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
5
2025
- -
- -
5.26
2026
- -
- -
0.49

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Amit Ashok Khurana
Full Time Employees
17
Sector
Utilities
Industry
Electric utilities
Address
Madhav House Vadodara GU India 390023
IPO Date
Jun 12, 2018
Website
waasolar.org
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Business
Waa Solar Limited operates within the renewable energy sector, concentrating its efforts on solar power generation across India. The company establishes and manages ground-mounted solar photovoltaic power initiatives, often structured through special purpose vehicles, and is actively pursuing opportunities in engineering, procurement, and construction for solar projects. Incorporated on November 9, 2009, and headquartered in Vadodara, India, Waa Solar focuses on delivering electricity primarily through long-term power purchase agreements with government-backed distribution entities.