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Waaree Renewable Technologies Limited WAAREERTL NSEINFRA

Industrials · Engineering & Construction · India
https://www.waareertl.com
Company Profile ↓
₹743.25
-25.90% 1Y
Mkt Cap₹7,757.99 Cr
P/E15.15
P/B8.94
52W High₹1,330.50
52W Low₹743.25
Book Value₹89.75
EPS (TTM)₹49.06

Company Overview

Waaree Renewable Technologies Limited primarily engages in the engineering, procurement, and construction (EPC) contracts business in India. It offers ground-mounted, solar rooftop, floating solar, energy storage, green hydrogen, and asset management EPC solutions; and generates power through renewable energy sources, as well as offers operations and maintenance services. The company serves various customers across the industrial, commercial, and utility segments. The company was formerly known as Sangam Renewables Limited and changed its name to Waaree Renewable Technologies Limited in July 2021. The company was incorporated in 1999 and is headquartered in Mumbai, India. Waaree Renewable Technologies Limited operates as a subsidiary of Waaree Energies Limited.

Why Investors Should Care

Strong Return on Equity

Generates a return on equity of 51.2%, reflecting efficient use of shareholder capital.

Healthy Capital Returns

Return on capital employed stands at 62.5%.

Consistent Profit Growth

Net profit has compounded at 105.2% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 111.8% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 15.2, below the sector median of 25.9.

Healthy Margins

Operating margin of 18.1% supports profitability.

Recent Developments

  • Mar 2026 Revenue of ₹3,331.42 Cr (+108.5% YoY); net profit ₹478.70 Cr.
  • Trailing 12 Months Year-on-year growth — revenue +53.2%, earnings +34.1%.
  • 5-Year Trend Long-term compounding — revenue CAGR 111.8%, profit CAGR 105.2%.

Growth & Price Performance

Compounded Sales Growth

5 Years:111.76%
1 Year:53.20%

Compounded Profit Growth

5 Years:105.17%
1 Year:34.10%

Stock Price Performance

1 Year:-25.90%
6 Months:-29.58%
3 Months:-21.22%
1 Month:-8.68%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 0% of range
₹743.25 ₹1,330.50
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)29.38 · Oversold
Price Performance
1M-8.68%
3M-21.22%
6M-29.58%
1Y-25.90%
Valuation vs Sector

P/E of 15.15 is below the sector median of 25.87 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Strong return on equity of 51.2%.
  • Healthy ROCE of 62.5%.
  • Compounding revenue at 111.8% over 5 years.
  • Profit CAGR of 105.2% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 44.1% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
15.15
Industry PE
25.87
Forward P/E est.
11.30
PEG Ratio
-
Book Value
₹89.75
Price to Book
8.94
P/S
2.29
EV/EBITDA
11.62
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
111.76%
Profit 5Y
105.17%
Revenue (YoY)
53.20%
Earnings (YoY)
34.10%

Profitability & Returns

ROCE
62.48%
ROE
51.23%
ROA
20.17%
Profit Margin
13.91%
Op Margin
18.15%
Gross Margin
21.83%
EPS (Latest Qtr)
₹11.09
EPS (TTM)
₹49.06

Balance Sheet & Liquidity

Debt/Equity
0.16
Quick Ratio
1.26
Current Ratio
1.35
Debt
₹145.66 Cr
Total Assets
₹2,373.79 Cr
Current Assets
₹1,789.63 Cr
Working Capital
₹460.76 Cr

Ownership

Promoter Holding
75.35%
Chg in Prom Hold
-0.03%
FII / Inst Holding
1.09%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
₹7,757.99 Cr
Total Revenue (TTM)
₹3,652.49 Cr
EBITDA
₹694.11 Cr
Free Cash Flow
₹164.45 Cr
Operating Cash Flow
₹286.95 Cr
Shares Outstanding
₹10.44 Cr
Gross Margin
21.83%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 WAAREERTL Waaree Renewable Technologies Limited NSEINFRA 743.25 15.15 ₹7,757.99 Cr 0.00% 62.48% 51.23% 111.76% 105.17%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 3,636.00 30.16 ₹5.00 L Cr 1.05% 14.55% 14.72% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,748.80 29.85 ₹4.03 L Cr 0.44% 10.97% 13.32% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,854.40 34.83 ₹3.25 L Cr 0.97% 13.80% 22.21% 7.87% 16.08%
5 BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU 371.20 44.19 ₹2.71 L Cr 0.66% 31.88% 25.27% 15.47% 26.64%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,641.50 -37.32 ₹1.79 L Cr 0.00% 4.02% -34.31% 15.55% -227.40%
7 BHEL Bharat Heavy Electricals Limited NIFTY_MIDNSEAIINFRAPSU 410.20 58.68 ₹1.43 L Cr 0.31% 6.60% 6.12% 13.49% 35.91%
8 ABB ABB India Limited NSEAIINFRA 6,559.50 89.35 ₹1.39 L Cr 0.44% 28.45% 19.13% 15.41% 17.97%
9 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 821.00 103.53 ₹1.29 L Cr 0.15% 19.35% 15.13% 21.22% 7.81%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue 61.00 Cr129.00 Cr150.00 Cr324.00 Cr273.00 Cr236.00 Cr524.00 Cr360.35 Cr476.58 Cr603.19 Cr775.00 Cr851.06 Cr1,102.40 Cr924.25 Cr
Cost of Revenue -------275.93 Cr334.96 Cr470.02 Cr-673.01 Cr870.82 Cr719.62 Cr
Gross Profit -------84.42 Cr141.62 Cr133.16 Cr-178.05 Cr231.58 Cr204.64 Cr
Operating Expenses 39.00 Cr116.00 Cr119.00 Cr236.00 Cr198.00 Cr195.00 Cr453.00 Cr14.11 Cr16.92 Cr17.85 Cr617.00 Cr21.36 Cr26.85 Cr36.93 Cr
Operating Income 21.00 Cr12.00 Cr29.00 Cr86.00 Cr73.00 Cr39.00 Cr70.00 Cr70.30 Cr124.71 Cr115.31 Cr156.00 Cr156.69 Cr204.72 Cr167.70 Cr
EBITDA 22.00 Cr13.00 Cr31.00 Cr88.00 Cr75.00 Cr41.00 Cr72.00 Cr75.70 Cr127.17 Cr122.37 Cr158.00 Cr163.92 Cr212.86 Cr178.76 Cr
Interest Expense 2.00 Cr1.00 Cr2.00 Cr04.00 Cr3.00 Cr4.00 Cr3.35 Cr4.38 Cr3.56 Cr4.00 Cr3.42 Cr2.68 Cr9.59 Cr
Pretax Income 20.00 Cr12.00 Cr28.00 Cr86.00 Cr72.00 Cr39.00 Cr69.00 Cr70.73 Cr121.17 Cr116.57 Cr157.00 Cr158.39 Cr208.09 Cr163.39 Cr
Tax Provision 7.40 Cr3.24 Cr7.00 Cr22.36 Cr20.88 Cr10.92 Cr15.87 Cr17.25 Cr27.40 Cr30.18 Cr40.82 Cr38.19 Cr52.38 Cr44.31 Cr
Net Income 12.00 Cr9.00 Cr21.00 Cr64.00 Cr51.00 Cr28.00 Cr54.00 Cr53.51 Cr93.81 Cr86.44 Cr116.00 Cr120.22 Cr155.74 Cr115.90 Cr
Diluted EPS 1.180.881.986.174.932.725.145.128.988.2711.1611.5014.9411.09

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 2.00 Cr7.00 Cr6.00 Cr13.00 Cr-350.81 Cr876.40 Cr1,597.75 Cr3,331.42 Cr
Cost of Revenue -----253.19 Cr645.74 Cr1,238.80 Cr2,605.51 Cr
Gross Profit -----97.62 Cr230.66 Cr358.95 Cr725.91 Cr
Operating Expenses 2.00 Cr4.00 Cr5.00 Cr6.00 Cr-16.51 Cr29.41 Cr54.42 Cr93.44 Cr
Operating Income 02.00 Cr05.00 Cr-81.11 Cr201.25 Cr304.53 Cr632.47 Cr
EBITDA 03.00 Cr1.00 Cr7.00 Cr-85.15 Cr210.21 Cr321.69 Cr661.52 Cr
Interest Expense 02.00 Cr3.00 Cr4.00 Cr-5.18 Cr5.64 Cr14.84 Cr13.29 Cr
Pretax Income 01.00 Cr-3.00 Cr3.00 Cr-77.01 Cr198.45 Cr300.48 Cr639.61 Cr
Tax Provision 03.34 Cr-78.00 L5.10 Cr-21.68 Cr53.24 Cr71.55 Cr160.97 Cr
Net Income 0-2.00 Cr-3.00 Cr-2.00 Cr-55.42 Cr145.31 Cr229.16 Cr478.70 Cr
Diluted EPS 0.02-0.38-0.31-0.23-5.3113.9421.9545.85

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 16.00 Cr95.00 Cr122.00 Cr203.00 Cr-282.68 Cr714.32 Cr1,120.12 Cr2,373.79 Cr
Current Assets -----127.55 Cr550.34 Cr811.51 Cr1,789.63 Cr
Cash & Equivalents -----3.26 Cr9.59 Cr26.79 Cr71.82 Cr
Inventory -----36.52 Cr29.17 Cr6.45 Cr116.76 Cr
Receivables -----61.31 Cr372.57 Cr497.75 Cr1,172.01 Cr
Total Liabilities -----197.68 Cr468.01 Cr665.17 Cr1,439.97 Cr
Current Liabilities -----151.48 Cr419.23 Cr612.94 Cr1,328.87 Cr
Long Term Debt -----30.48 Cr27.37 Cr24.18 Cr18.48 Cr
Total Debt 037.00 Cr40.00 Cr125.00 Cr-38.98 Cr40.48 Cr27.37 Cr145.66 Cr
Total Equity 10.00 Cr9.00 Cr26.00 Cr22.00 Cr-85.14 Cr246.53 Cr455.42 Cr934.35 Cr
Shares Outstanding -----10.41 Cr10.41 Cr10.42 Cr10.43 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 0-7.00 Cr51.00 Cr2.00 Cr-65.15 Cr127.91 Cr302.70 Cr286.95 Cr
Investing Cash Flow 0-28.00 Cr-38.00 Cr-114.00 Cr--65.96 Cr-114.39 Cr-236.93 Cr-264.48 Cr
Financing Cash Flow 035.00 Cr14.00 Cr86.00 Cr--9.20 Cr-7.18 Cr-48.57 Cr22.55 Cr
Capital Expenditure 0-28.00 Cr-40.00 Cr-86.00 Cr--83.29 Cr-10.78 Cr-101.41 Cr-122.50 Cr
Free Cash Flow 0-35.00 Cr11.00 Cr-84.00 Cr--18.14 Cr117.13 Cr201.28 Cr164.45 Cr
Net Change in Cash 0027.00 Cr-26.00 Cr--10.01 Cr6.34 Cr17.20 Cr45.02 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -----27.8%26.3%22.5%21.8%
Operating Margin % 0.0%28.6%0.0%38.5%-23.1%23.0%19.1%19.0%
Net Margin % 0.0%-28.6%-50.0%-15.4%-15.8%16.6%14.3%14.4%
ROE % 0.0%-22.2%-11.5%-9.1%-65.1%58.9%50.3%51.2%
ROCE % -----61.8%68.2%60.0%60.5%

Shareholding Pattern

Insiders
75.35%
Institutions
1.09%
Public Float
4.43%

Analyst View

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Latest News

Recent headlines for WAAREERTL

Google News Sun, 18 Oct 2026

Waaree Renewable Technologies (NSEI:WAAREERTL) - Stock Analysis - Simply Wall Street

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Google News hu, 25 Jun 2026

WAAREERTL Forecast — Price Target — Prediction for 2027 - TradingView

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Google News Wed, 21 Oct 2026

Waaree Renewable Technologies (WAAREERTL) Share Price Hits Fresh 52-Week Low - Univest

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Google News Mon, 05 Oct 2026

Waaree Renewable Technologies (WAAREERTL.NS) Trades Flat at ₹809.1 Within ₹768–₹850 Range - Gamma Exposure - siam.in

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Google News Wed, 23 Apr 2025

Waaree Renewable Technologies Limited (WAAREERTL.NS) stock price, news, quote and history - Yahoo Finance UK

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Google News Fri, 24 Apr 2026

We Think That There Are Some Issues For Waaree Renewable Technologies (NSE:WAAREERTL) Beyond Its Promising Earnings - Simply Wall Street

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WAAREERTL — Frequently Asked Questions

What is the current share price of Waaree Renewable Technologies Limited (WAAREERTL)?

As of 2026-10-23 04:58 IST, Waaree Renewable Technologies Limited (WAAREERTL) trades at ₹743.25 on NSE. Its 52-week range is ₹743.25 to ₹1,330.50.

What is the market capitalisation of WAAREERTL?

Waaree Renewable Technologies Limited (WAAREERTL) has a market capitalisation of ₹7,757.99 Cr on NSE.

What is the P/E ratio of WAAREERTL?

WAAREERTL trades at a trailing price-to-earnings (P/E) ratio of 15.15. The industry average P/E is 25.87. Its price-to-book (P/B) ratio is 8.94.

What is the return on equity (ROE) of WAAREERTL?

WAAREERTL has a return on equity (ROE) of 51.23%. Its return on capital employed (ROCE) is 62.48%.

Is WAAREERTL a good stock to buy?

This page provides a data-driven analysis of Waaree Renewable Technologies Limited (WAAREERTL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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