1. India Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Waa Solar Ltd.

Waa Solar Ltd.

BBSE:WAA
40.10
INR
-0.07
(-0.17%)
568.08MMarket Cap
Waa Solar Ltd.
BSE:WAA
(Bombay Stock Exchange)

Recent

price

40.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
20.73
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
- -
Revenue per Share
6.24
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
- -
Basic EPS, GAAP
7.7
-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
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
48.79
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
Book Value per Share
48.61
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
Tangible Book Value per Share
13
13
13
13
13
1
13
13
13
13
13
13
13
13
13
Basic Weighted Avg Shares
275
310
660
638
517
513
799
482
442
460
490
267
282
278
- -
Sales/Revenue/Turnover
62.03
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
- -
Operating Margin (%)
93
94
149
160
179
180
330
196
164
161
160
90
39
69
- -
Depreciation Expense
83
54
114
60
49
37
42
111
41
73
98
66
70
7
- -
Net Income, GAAP
- -
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
- -
Effective Tax Rate (%)
30.12
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
- -
Profit Margin (%)
-104
237
-11
-92
-79
283
375
903
765
752
777
861
920
434
434
Working Capital
851
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
LT Debt
647
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
Total Equity
- -
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 Invested 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 Capital (%)
- -
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
- -
Return on Common Equity (%)

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
- -
- -
- -
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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.