1. India Stocks

  2. •

    Utilities

  3. •

    Alternative power generation
Waaree Renewable Technologies Ltd

Waaree Renewable Technologies Ltd

719.05
INR
-23.55
(-3.17%)
46.07EPS
22.21P/E
106.26BMarket Cap
Mar 03Next Earn
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
0.15
0.06
0.1
0.05
0.26
1.37
0.55
1.25
15.51
33.71
84.15
153.34
319.4
333.71
Basic EPS, GAAP
0.04
0.02
0.02
-0.01
0.02
-0.37
-0.31
-0.36
0.83
5.33
13.95
22
45.91
45.85
Free Cash Flow per Basic Share
-1.14
-0.02
-0.03
-0.07
- -
-6.77
1.07
-12.32
3.46
-1.74
11.25
19.32
15.77
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.1
0.1
0.2
2
- -
- -
Book Value per Share
2
2.02
2.03
2.03
2.05
1.86
2.49
2.14
2.87
8.18
23.67
43.69
89.54
- -
Tangible Book Value per Share
2
2.02
2.03
2.03
2.05
1.73
2.43
1.76
2.57
7.88
23.39
43.41
89.27
- -
Basic Weighted Avg Shares
32
50
50
55
50
51
103
104
104
104
104
104
104
104
Sales/Revenue/Turnover
5
3
5
3
13
70
57
130
1,614
3,508
8,764
15,976
33,304
34,809
Operating Margin (%)
35.32
35.78
27.47
-13.67
-20.15
34.49
34.4
41.26
12.28
23.12
22.96
19.06
19
18.51
Depreciation Expense
- -
- -
- -
- -
- -
7
11
17
37
30
61
64
86
122
Net Income, GAAP
1
1
1
- -
1
-19
-32
-37
86
554
1,453
2,292
4,787
4,783
Effective Tax Rate (%)
31.49
28.7
29.53
- -
76.22
333.26
- -
169.59
58.09
28.15
26.83
23.81
25.17
25.54
Profit Margin (%)
24.2
25.5
19.36
-12.77
7.06
-27.2
-55.9
-28.92
5.33
15.8
16.58
14.34
14.37
13.74
Working Capital
92
96
102
102
24
-25
203
198
26
-239
1,311
1,986
4,608
- -
LT Debt
- -
- -
- -
- -
- -
369
367
1,143
330
305
274
242
779
- -
Total Equity
100
101
102
102
102
397
565
542
299
850
2,463
4,550
9,338
- -
Return on Invested Capital (%)
1.24
0.81
0.91
- -
-0.6
-12.95
- -
-2.73
9.18
49.86
58.48
53.1
56.35
- -
Return on Capital (%)
1.24
0.81
0.91
- -
0.9
-15.82
- -
-6.07
9.22
60.55
72.8
60.73
61.73
- -
Return on Common Equity (%)
1.24
0.81
0.91
-0.32
0.9
-19.55
-18
-15.55
32.98
96.35
87.62
65.29
68.89
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
678
- -
LT Borrowings
- -
185
- -
LT Finance Leases
- -
594
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
104
104
104
Market Capitalization
100,907
81,630
106,261

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
17,896
- -
Cash, Cash Equivalents & STI
- -
1,356
- -
Accounts Receivable, Net
- -
11,720
- -
Inventories
- -
1,168
- -
Total Current Liabilities
- -
13,289
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
678
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
84.59%
103.9%
105.26%
Free Cash Flow
- -
-194.1%
-18.3%
Net Income, GAAP
-207.27%
108.7%
108.89%
Sales/Revenue/Turnover
251.47%
320.59%
108.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2,364
5,245
3,603
4,766
15,976
2026
6,032
- -
8,511
11,024
33,304
2027
9,243
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.72
5.14
5.14
9
22
2026
8.29
- -
11.5
14.96
45.91
2027
11.11
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Pujan Pankaj Doshi
Full Time Employees
399
Sector
Utilities
Industry
Alternative power generation
Address
504, Western Edge-1 Mumbai MA India 400066
IPO Date
Aug 9, 2012
Website
waareertl.com
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Business
Waaree Renewable Technologies Ltd (WAAREERTL.NS), a subsidiary of Waaree Energies Ltd, spearheads the solar engineering, procurement, and construction (EPC) business within India's leading renewable energy group; the company generates power through renewable sources, develops and operates solar projects, and provides consultancy services. Incorporated in 1999 and headquartered in Mumbai, India, it offers ground-mounted solar plants, rooftop solar solutions, floating solar installations, solar capex models, resco opex arrangements, operations and maintenance services; it finances, constructs, owns, and operates solar assets serving individual, industrial, and commercial customers across India and international markets including Vietnam. Waaree Renewable Technologies has executed over 10,000 solar projects totaling more than 3.95 GW in operational capacity, with notable installations such as a 49.5 MW plant in Vietnam commissioned in 100 days and Gujarat's first 1 MW floating solar project at NTPC Kawas. Recent developments include securing a Rs 740 crore EPC contract in March 2025 for a 125 MWAC solar project as part of a consortium, with completion slated within 18 months; in November 2025, shareholders approved amendments to the Waaree RTL ESOP 2022 via postal ballot. The company, formerly Sangam Renewables Ltd until its name change in July 2021, operates within the Waaree Group's vertically integrated ecosystem featuring 15 GW solar module capacity, 5.4 GW cell capacity, battery energy storage, and green hydrogen electrolysers; its parent Waaree Energies pursued strategic acquisitions in 2025, including a 64% stake in transformer manufacturer Kotsons for Rs 192 crore in August and a 76% stake in smart meter firm Racemosa Energy.