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Industrials · Other Electrical Equipment

Waaree Renewable Technologies Ltd (WAAREERTL)

₹694.30

Mkt cap
₹7,247 Cr
P/E ratio
15.60
P/B
6.49
Div yield
0.00%
ROE
68.30%
ROCE
83.20%
EPS (TTM)
₹44.51
Book value
₹107
52W range
654–1,358
Sector
Industrials

Price history

Previous close

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 534618
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthHigh
TechnicalsBearish
52-week range
−48.87% from high
₹694
₹654+6.20% from low₹1,358
Current
₹694.30
Prev close
₹692.10
Day
+0.32%
Price performance
1D
−0.30%
1W
+1.73%
1M
−16.00%
3M
−24.44%
6M
−33.72%
1Y
−43.90%
YTD
−28.91%

Financials

Revenue, profit & margin
P/E ratio
15.6×
WAAREERTL is 36% below the sector median of 24.2×
WAAREERTL15.6×
Sector median24.2×
 Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Trend
Sales1503242732365243604776037758511,1029241,058
Expenses119236198195453288350486617692896751898
Operating Profit318875417272126118158159207173160
OPM %20%27%28%17%14%20%27%19%20%19%19%19%15%
Other Income1023341545659
Interest204343444331037
Depreciation22222222222627
Profit before tax288672396971121117157158208163105
Tax %25%26%29%28%23%24%23%26%26%24%25%27%23%
Net Profit216451285453948611612015611981
EPS in Rs1.986.174.932.725.145.139.008.2911.1611.5214.9311.117.08
Raw PDF

Earnings

Results dates & reactions
No upcoming results date on calendar.

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

Avg earnings-day move −10.04% · closed higher next day 0 of last 1
 Q2FY27
Broadcast19 Oct '26◦
Earnings day−10.04%
+1 day−12.98%
+5 days−18.59%
+15 days—
+30 days—
FilingXBRL

Corporate actions

Last 6 months

No recent corporate actions

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

Results analysis

Shareholding

as of Sep 2026
74.30%Promoter
Promoters74.30%0.02
FIIs2.02%0.04
DIIs0.09%
Public23.58%0.03
Ownership trend

Peers

8 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Waaree Energies₹2,304.0016.9966,2750.17%754−14.70%7,518+23.94%38.45%
Apar Inds.₹15,678.0046.8665,6520.38%447+77.72%6,931+21.27%31.81%
Premier Energies₹876.0023.8839,7660.11%472+50.45%2,463+35.25%32.71%
MTAR Technologie₹6,838.00109.4021,0330.00%60+1,307.76%407+200.00%15.15%
Diamond Power₹344.40111.0420,5980.00%57+197.81%707+132.98%10.38%
Emmvee Photovol.₹229.0011.1815,8550.44%382+60.62%1,576+39.38%44.62%
Avalon Tech₹2,050.30102.6413,7130.00%35+145.39%484+49.83%19.29%
Waaree Renewab.₹694.3015.567,2470.00%81−36.47%1,058+36.53%83.21%
Median: 60 Co.₹271.4824.237800.00%11+44.03%194+35.72%21.57%

Filings

Annual reports14
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022Annual Report 2021Annual Report 2020Annual Report 2019Annual Report 2018Annual Report 2017Annual Report 2016Annual Report 2015Annual Report 2014Annual Report 2013
Concall transcripts44
TranscriptOct 2026PPTOct 2026RECOct 2026TranscriptJul 2026PPTJul 2026RECJul 2026TranscriptApr 2026PPTApr 2026RECApr 2026TranscriptJan 2026PPTJan 2026RECJan 2026TranscriptOct 2025PPTOct 2025RECOct 2025TranscriptJul 2025PPTJul 2025RECJul 2025TranscriptApr 2025PPTApr 2025RECApr 2025TranscriptJan 2025PPTJan 2025TranscriptNov 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) - Bagging/receiving of order(s) or contract(s) 30 Oct - Received LOA for EPC of 200 MW/500MWh BESS project, scheduled for completion in FY27-28.Disclosure Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015-Completion Of Transfer Of Subsidiary 30 Oct - Completed transfer of 100% stake in WGDCPL to Waaree Energies on 30 October 2026.Announcement under Regulation 30 (LODR)-Earnings Call Transcript 28 Oct - Please find attached herewith Transcript of Earning Call held on 21st October 2026Announcement under Regulation 30 (LODR) - Bagging/receiving of order(s) or contract(s) 27 Oct - Waaree Renewable received LOA for 450 MWp solar EPC project on October 27, 2026.Announcement under Regulation 30 (LODR) - Amendment or termination of order(s) or contract(s) 23 Oct - Waaree Renewable revises two solar EPC LoAs to 800 MWac/1,109 MWp, scheduled for FY2027-28.