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Industrials · Other Electrical Equipment

Waaree Renewable Technologies Ltd (WAAREERTL)

₹932.00

Mkt cap
₹10,380 Cr
P/E ratio
21.50
P/B
10.36
Div yield
0.10%
ROE
69.10%
ROCE
85.40%
EPS (TTM)
₹43.35
Book value
₹90
52W range
782–1,331
Sector
Industrials

Incorporated in 1999, Waaree Renewables Technologies Ltd is engaged in the business of generation of power through renewable energy sources and also provides consultancy services in this regard. [1] Waaree Energy is one of the largest vertically integrated new energy companies. It has India's largest Solar panel manufacturing capacity of 12GW at its plants in Chikhli, Surat and Umbergaon in Gujarat.

NSE WAAREERTLBSE 534618waareertl.com
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthHigh
TechnicalsBearish
52-week range
−29.95% from high
₹932
₹782+19.14% from low₹1,331
Current
₹932.00
Prev close
₹937.50
Day
−0.59%
Price performance
1D
−0.59%
1W
−8.66%
1M
−8.69%
3M
−9.35%
6M
+5.16%
1Y
−21.30%
YTD
−4.57%

Financials

F
Revenue, profit & margin
P/E ratio
21.5×
WAAREERTL is 31% below the sector median of 31.1×
WAAREERTL21.5×
Sector median31.1×
 Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Trend
Sales611291503242732365243604776037758511,102
Expenses39116119236198195453288350486617692896
Operating Profit2213318875417272126118158159207
OPM %36%10%20%27%28%17%14%20%27%19%20%19%19%
Other Income0110233415456
Interest2120434344433
Depreciation1122222222222
Profit before tax2012288672396971121117157158208
Tax %37%27%25%26%29%28%23%24%23%26%26%24%25%
Net Profit1292164512854539486116120156
EPS in Rs1.180.881.986.174.932.725.145.139.008.2911.1611.5214.93
Raw PDF

Earnings

EResults dates & reactions
No upcoming results date on calendar.

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

No reaction history yet.
No quarterly filings ingested yet.

Corporate actions

CLast 6 months

No recent corporate actions

Dividends, splits, and bonuses in the last six months show up here.

Shareholding

Sas of Mar 2026
74.32%Promoter
Promoters74.32%
FIIs1.85%0.15
DIIs0.09%0.05
Public23.73%0.12
Ownership trend

Peers

P8 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Waaree Energies₹2,812.8020.6180,9220.07%1,126+70.64%8,480+111.80%38.78%
Apar Inds.₹14,136.0056.7356,7900.36%253+3.66%6,603+26.74%31.12%
Premier Energies₹1,090.7032.8249,5490.09%457+64.44%2,230+37.60%33.32%
Emmvee Photovol.₹337.8018.3723,4050.00%380+102.64%1,556+51.34%44.83%
MTAR Technologie₹6,698.50209.8720,5960.00%44+212.25%306+67.14%15.20%
Diamond Power₹226.4980.8811,9350.00%57+638.19%715+114.08%24.20%
Avalon Tech₹1,679.8099.3211,2180.00%41+69.48%480+40.00%19.54%
Waaree Renewab.₹993.9021.5110,3800.10%157+62.18%1,102+131.33%85.38%
Median: 58 Co.₹326.7031.118600.00%15+52.91%171+28.20%20.30%

Filings

D
Annual reports13
Financial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013bse
Concall transcripts39
TranscriptApr 2026PPTApr 2026RECApr 2026TranscriptJan 2026PPTJan 2026RECJan 2026TranscriptOct 2025PPTOct 2025RECOct 2025TranscriptJul 2025PPTJul 2025RECJul 2025TranscriptApr 2025PPTApr 2025RECApr 2025TranscriptJan 2025PPTJan 2025TranscriptNov 2024PPTNov 2024TranscriptAug 2024RECAug 2024PPTAug 2024RECAug 2024TranscriptMay 2024
Credit ratings6
Rating update 9 JulfitchRating update 5 FebcareRating update 5 FebfitchRating update 21 Mar 2025careRating update 24 Oct 2024careRating update 10 May 2024care
Announcements5
Announcement under Regulation 30 (LODR)-Credit Rating 10 Jul - India Ratings withdrew WRTL’s rating on INR 258 million bank loans after repayment on July 10, 2026.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 2 Jul - Please find attached herewith Intimation of Regulation 74(5) of DP Regulations for the quarter ended 30th June 2026.Closure of Trading Window 30 Jun - Trading window closed from July 1, 2026, for Q1 FY27 unaudited results.Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015-Completion Of Acquisition 18 Jun - Waaree Renewable acquired 55% of APSPL, making it a subsidiary on June 18, 2026.Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 17 Jun - Scope expanded for 980 MWp solar EPC contract; order value rises Rs 30.91 Cr to Rs 1,044.69 Cr.