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Waaree Renewable Technologies

Waaree Renewable Technologies

WAAREERTL.BO
Waaree Renewable TechnologiesIN flagBombay Stock Exchange
1,009.70
INR
+5.15
- -
105.20BMarket Cap
Waaree Renewable Technologies
WAAREERTL.BO
(Bombay Stock Exchange)

Recent

price

1,009.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
0.24
0.12
0.15
0.06
0.1
0.05
0.26
1.37
0.55
1.25
15.51
33.71
84.15
153.39
319.51
188.55
Revenue per Share
0.07
0.02
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
27.57
Basic EPS, GAAP
-0.59
-1.1
-1.14
-0.02
-0.03
-0.07
- -
-6.77
1.07
-12.32
3.46
-1.74
11.25
19.32
15.77
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.1
0.1
0.2
2
- -
- -
Dividend per Share
1.37
1.55
2.16
2.02
2.03
1.86
2.05
1.81
1.63
2.88
2.88
2.88
22.59
42.59
2
- -
Book Value per Share
1.46
2.21
3.14
2.02
2.03
1.86
2.05
7.58
5.41
4.83
2.56
7.87
23.36
43.4
89.29
- -
Tangible Book Value per Share
30
42
32
50
50
54
50
51
103
104
104
104
104
104
104
104
Basic Weighted Avg Shares
7
5
5
3
5
3
13
70
57
130
1,614
3,508
8,764
15,977
33,314
19,646
Sales/Revenue/Turnover
41.68
30.43
35.32
35.78
27.47
-13.67
-20.15
34.49
34.4
41.26
12.28
23.12
22.96
19.06
18.99
19.36
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
7
11
17
37
30
61
64
86
71
Depreciation Expense
2
1
1
1
1
- -
1
-19
-32
-38
86
554
1,453
2,292
4,787
2,873
Net Income, GAAP
25.18
28.95
31.49
28.7
29.53
- -
76.22
333.26
- -
169.59
58.09
28.15
26.83
23.81
25.17
23.99
Effective Tax Rate (%)
31.19
21.62
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
14.62
Profit Margin (%)
7
56
92
96
102
102
24
-25
203
198
26
-239
1,311
1,986
4,608
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
369
367
1,143
330
305
274
242
779
- -
LT Debt
44
92
100
101
102
102
102
397
565
542
299
850
2,463
4,550
9,338
- -
Total Equity
- -
1.53
1.24
0.81
0.91
- -
-0.6
-12.94
- -
-2.76
6.71
49.93
58.53
53.81
57.7
- -
Return on Invested Capital (%)
- -
1.97
1.78
0.96
0.91
- -
0.9
-15.82
- -
-6.1
8.93
84.25
86.85
64.53
153.55
424.97
Return on Capital (%)
- -
1.97
1.78
0.96
0.91
-0.32
0.9
-19.55
-24.34
-16.04
28.69
184.78
109.57
67.51
206.11
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
32
- -
LT Borrowings
- -
242
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
104
- -
Market Capitalization
139,796
94,520
104,406

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
8,115
- -
Cash, Cash Equivalents & STI
- -
1,402
- -
Accounts Receivable, Net
- -
4,977
- -
Inventories
- -
65
- -
Total Current Liabilities
- -
6,129
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
32
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
251.48%
320.61%
108.51%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,289
1,501
3,242
2,731
8,764
2025
2,364
5,245
3,603
4,766
15,977
2026
6,032
8,511
11,024
- -
33,314

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.88
1.97
6.18
- -
13.95
2025
2.72
5.14
5.14
9
22
2026
8.29
11.5
14.96
- -
45.91

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.2
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
- -
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Business
Waaree Renewable Technologies Limited (WAAREERTL.BO) manufactures and supplies engineered solutions for the renewable energy sector, primarily focusing on balance of system (BOS) components for solar photovoltaic (PV) projects. The company offers a comprehensive range of products including solar module mounting structures, tracker systems, and rooftops solutions; foundation systems such as driven pipe foundations, earth screw foundations, and concrete ballasted systems; and tracker-related components like slew drives, motors, controllers, and string inverters. It also provides engineering, procurement, and construction (EPC) services for solar projects, along with operations and maintenance (O&M) services, and solutions for floating solar structures and agri-photovoltaics. Waaree Renewable Technologies operates primarily in India, with projects executed across various states, and serves developers, EPC contractors, and independent power producers in the utility-scale, commercial and industrial (C&I), and rooftop solar segments. Founded in 2022 as a wholly-owned subsidiary of Waaree Energies Limited, the company is headquartered in Surat, India. In recent developments, Waaree Renewable Technologies reported strong financial performance for fiscal year 2025, with revenue surging 219% year-over-year to INR 17.99 billion and profit after tax rising 325% to INR 3.11 billion, driven by robust demand for its BOS solutions. The company expanded its manufacturing capacity, commissioning a new facility for module mounting structures with an annual capacity of 7.5 GW, enhancing its position as India's largest BOS player. It secured significant orders, including a 1.5 GW mounting structure contract from NTPC Renewable Energy and multiple large-scale tracker and structure deals totaling over 4 GW, alongside strategic partnerships for advanced tracker technology adoption.