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    Industrial specialties
Waaree Technologies Ltd.

Waaree Technologies Ltd.

BBSE:WAAREE
168.30
INR
-10.25
(-5.74%)
1.56BMarket Cap
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
22.06
17.06
12.95
18.39
4
-2.07
- -
16.11
27.25
26.51
9.51
6.62
- -
Basic EPS, GAAP
0.56
0.35
0.29
0.15
-0.22
-0.37
-0.38
0.23
-1.01
-6.97
-5.25
-3.88
- -
Free Cash Flow per Basic Share
3.5
-3.14
-2.87
-4.08
0.24
0.23
8.8
-12.43
0.25
-14.04
-1.96
-2.48
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
4.27
10.45
10.74
10.89
10.67
10.3
9.92
11.45
10.44
3.47
-1.77
-5.65
-5.65
Tangible Book Value per Share
4.27
10.45
10.74
10.89
10.67
10.3
9.92
11.45
7.93
1.53
-3.21
-6.59
-6.59
Basic Weighted Avg Shares
2
3
4
4
4
4
4
8
11
11
11
11
11
Sales/Revenue/Turnover
42
49
48
68
15
-8
- -
131
293
285
102
71
- -
Operating Margin (%)
3.73
1.01
2.53
1.73
-12.39
30.03
- -
-0.56
-5.88
-35.13
-74.85
-74
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
7
22
22
17
- -
Net Income, GAAP
1
1
1
1
-1
-1
-1
2
-11
-75
-56
-42
- -
Effective Tax Rate (%)
33.16
32.56
32.6
39.53
- -
- -
- -
26.17
- -
- -
- -
- -
- -
Profit Margin (%)
2.52
2.05
2.23
0.8
-5.4
18
- -
1.43
-3.7
-26.27
-55.2
-58.58
- -
Working Capital
14
36
38
40
39
38
34
121
25
-52
27
-9
-9
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
136
138
138
Total Equity
16
39
40
40
39
38
37
123
112
37
-19
-61
-61
Return on Invested Capital (%)
- -
3.73
2.73
0.3
- -
- -
- -
-0.67
- -
- -
- -
- -
- -
Return on Capital (%)
- -
3.73
2.77
1.41
- -
- -
- -
2.32
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
3.73
2.73
1.37
-2
-3.55
-3.77
2.34
-9.23
-100.13
- -
- -
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
40
196
73
LT Borrowings
136
- -
138
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
3,258
3,052
1,560

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
103
106
90
Cash, Cash Equivalents & STI
20
23
23
Accounts Receivable, Net
- -
- -
1
Inventories
31
31
21
Total Current Liabilities
76
227
99
Payables & Accruals
- -
- -
- -
ST Debt
40
196
73
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.45%
45.9%
218.8%
Free Cash Flow
-277.89%
-1,279.07%
26.65%
Net Income, GAAP
-58.94%
-74.93%
-26.05%
Sales/Revenue/Turnover
- -
- -
-30.32%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
285
2025
- -
- -
102
2026
- -
- -
71

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-6.97
2025
- -
- -
-5.25
2026
- -
- -
-3.88

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Kirit Chimanlal Doshi
Full Time Employees
43
Sector
Process industries
Industry
Industrial specialties
Address
602, Western Edge I Mumbai MA India 400066
IPO Date
Aug 18, 2015
Website
waareetech.com
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Business
Waaree Technologies Limited, an India-based manufacturer, assembler, and trader of lithium-ion batteries, operates as the energy storage division of the Waaree Group and focuses on advanced energy storage solutions for renewable energy applications, electric utilities, and electric vehicles. Founded in 1993 as a partnership firm and converted to a public limited company in 2013, formerly known as H.K. Trade International Limited before changing its name in January 2019, the company is headquartered in Mumbai, Maharashtra, with operations primarily in India leveraging the Waaree Group's presence across 68 countries. It offers a comprehensive range of lithium-ion battery products including battery energy storage systems (BESS) with power ratings exceeding 10 kW in its LIGER, LION, LIT, and LYNX series; telecom UPS and energy storage systems; forklift and traction batteries featuring maintenance-free operation, rapid charging, and extended cycles; EV two-wheeler batteries for e-bicycles; and EV three-wheeler batteries for e-rickshaws, all supported by in-house testing facilities ensuring quality, reliability, and performance certifications tailored to applications in solar energy electrical storage, electric forklifts, and telecom infrastructure. Waaree Technologies serves industrial clients such as Suyog Telematics for semi-hybrid inverters and ACE Ltd. for Li-ion powered forklifts, targeting sectors like electric vehicles, renewable energy storage, and material handling with a customer-first approach emphasizing innovation and premium quality. In recent developments, the company maintains its strategic alignment with the Waaree Group's expansions in energy storage manufacturing, including board-approved enhancements to related subsidiaries' capacities for energy storage and electrolyser units as part of broader renewable ecosystem growth.