Waaree Technologies Ltd

₹ 254 -3.00%

05 Jun - close price

About

Incorporated in 2013, Waaree Technologies Ltd trades e-vehicles, batteries, lithium batteries and artificial intelligence based products & services^[1]

Key Points

Business Overview:^[1]
WTS is a high tech energy storage division of the Waaree group. It is a Cell to System Technology company offering premium quality energy storage solutions for renewable energy applications and Electric Utilities, solar
energy electricals storage systems.

Website BSE

Market Cap ₹ 274 Cr.
Current Price ₹ 254
High / Low ₹ 398 / 131
Stock P/E
Book Value ₹ -5.66
Dividend Yield 0.00 %
ROCE -32.2 %
ROE %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Detailed Comparison with:

Half Yearly Results

Figures in Rs. Crores

	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	0.00	0.00	0.00	0.00	13.13	7.50	21.89	13.50	15.05	5.60	4.64	4.11	3.03
	0.10	0.06	0.21	0.17	13.03	7.47	23.00	15.10	21.31	7.99	7.73	5.20	5.49
Operating Profit	-0.10	-0.06	-0.21	-0.17	0.10	0.03	-1.11	-1.60	-6.26	-2.39	-3.09	-1.09	-2.46
OPM %					0.76%	0.40%	-5.07%	-11.85%	-41.59%	-42.68%	-66.59%	-26.52%	-81.19%
	0.03	0.00	0.04	0.09	0.27	0.15	0.17	0.22	0.14	0.04	0.18	0.19	0.13
Interest	0.00	0.00	0.00	0.02	0.02	0.01	0.03	0.20	0.02	0.02	0.07	0.28	0.32
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.68	1.09	1.09	1.09	1.10	1.08	0.64
Profit before tax	-0.07	-0.06	-0.17	-0.10	0.35	0.17	-1.65	-2.67	-7.23	-3.46	-4.08	-2.26	-3.29
Tax %	0.00%	0.00%	-52.94%	-30.00%	25.71%	17.65%	-24.85%	-25.09%	-23.79%	-24.28%	-25.74%	-24.34%	-25.23%
	-0.08	-0.06	-0.08	-0.07	0.26	0.15	-1.24	-1.99	-5.51	-2.62	-3.03	-1.72	-2.46
EPS in Rs	-0.22	-0.16	-0.22	-0.07	0.24	0.14	-1.15	-1.85	-5.12	-2.43	-2.81	-1.60	-2.28
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	4.20	4.95	4.76	6.78	1.47	-0.76	0.00	13.13	29.40	28.55	10.24	7.13
	4.04	4.87	4.61	6.71	1.66	-0.54	0.28	13.19	30.45	36.40	15.71	10.68
Operating Profit	0.16	0.08	0.15	0.07	-0.19	-0.22	-0.28	-0.06	-1.05	-7.85	-5.47	-3.55
OPM %	3.81%	1.62%	3.15%	1.03%	-12.93%			-0.46%	-3.57%	-27.50%	-53.42%	-49.79%
	0.03	0.11	0.04	0.06	0.14	0.10	0.05	0.36	0.32	0.36	0.22	0.32
Interest	0.00	0.00	0.00	0.01	0.05	0.01	0.00	0.04	0.07	0.23	0.09	0.60
Depreciation	0.03	0.04	0.04	0.03	0.00	0.01	0.00	0.00	0.68	2.18	2.19	1.73
Profit before tax	0.16	0.15	0.15	0.09	-0.10	-0.14	-0.23	0.26	-1.48	-9.90	-7.53	-5.56
Tax %	31.25%	33.33%	33.33%	33.33%	-20.00%	0.00%	-39.13%	26.92%	-26.35%	-24.14%	-24.97%	-24.82%
	0.11	0.10	0.11	0.05	-0.08	-0.14	-0.14	0.19	-1.09	-7.50	-5.65	-4.18
EPS in Rs	0.58	0.27	0.30	0.14	-0.22	-0.38	-0.38	0.18	-1.01	-6.97	-5.25	-3.88
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	4%
5 Years:	%
3 Years:	-38%
TTM:	-30%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	26%

Stock Price CAGR
10 Years:	37%
5 Years:	%
3 Years:	-10%
1 Year:	-16%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1.36	2.63	2.63	2.63	2.63	2.63	3.68	10.77	10.77	10.77	10.77	10.77
Reserves	0.21	1.22	1.33	1.38	1.30	1.16	-0.03	1.56	0.47	-7.03	-12.68	-16.86
	0.00	0.00	0.00	0.29	0.38	0.00	0.15	0.00	3.05	17.85	17.66	21.12
	0.60	0.69	0.22	0.09	0.02	0.03	0.04	0.14	18.63	3.21	3.75	2.76
Total Liabilities	2.17	4.54	4.18	4.39	4.33	3.82	3.84	12.47	32.92	24.80	19.50	17.79
	0.16	0.19	0.15	0.00	0.01	0.01	0.00	0.00	7.47	5.77	3.95	2.42
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.75	0.21	0.21	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.15	0.20	0.20	0.20	0.20	0.20
	2.01	4.35	4.03	4.39	4.32	3.81	3.69	12.27	24.50	18.62	15.14	15.17
Total Assets	2.17	4.54	4.18	4.39	4.33	3.82	3.84	12.47	32.92	24.80	19.50	17.79

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0.67	-0.85	-1.06	-1.50	0.10	0.09	3.24	-10.49	9.15	-15.12	-1.74	-2.48
	0.00	0.04	0.04	0.15	0.01	0.09	-0.10	0.13	-8.87	0.22	-0.23	-0.07
	-0.06	2.17	0.00	0.28	0.04	-0.38	0.15	8.30	3.01	14.57	-0.27	2.85
Net Cash Flow	0.60	1.37	-1.02	-1.08	0.14	-0.20	3.29	-2.06	3.29	-0.32	-2.25	0.30
Free Cash Flow	0.65	-0.91	-1.06	-1.40	0.09	0.08	3.24	-10.49	0.26	-15.07	-2.11	-2.68
CFO/OP	456%	-988%	-673%	-2,100%	-58%	-41%	-1,157%	17,483%	-871%	193%	32%	70%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	54.75	109.87	73.61	121.67	245.82	0.00		246.58	3.72	1.41	0.00	5.63
Inventory Days	48.34	50.63	178.14	35.44	0.00			2.33	170.93	77.86	129.12	129.08
Days Payable	47.35	51.44	14.52	0.59				2.91	29.90	10.52	35.59	54.35
Cash Conversion Cycle	55.74	109.05	237.23	156.51	245.82	0.00		245.99	144.76	68.75	93.53	80.36
Working Capital Days	51.27	107.66	201.67	211.57	911.26	1,800.99		301.34	-25.70	-120.30	-459.10	-163.81
ROCE %	10.00%	5.54%	3.84%	2.91%	-1.16%	-3.21%	-6.06%	3.72%	-10.59%	-53.90%	-39.85%	-32.23%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Advance from Customer
INR Lakhs

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						x	xx	xx	xx

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Debtor Turnover Ratio
Ratio

Net Block of Plant & Machinery
INR Lakhs

Employee Benefit Expenses
INR

Number of Employees
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	60.69%	60.69%	60.69%	60.69%	55.78%	60.42%	60.10%	59.12%	58.80%	58.80%	58.80%	58.80%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.00%	0.00%	0.00%
	39.31%	39.31%	39.31%	39.31%	44.22%	39.57%	39.91%	40.88%	41.17%	41.19%	41.18%	41.19%
No. of Shareholders	52	125	174	179	270	653	974	1,482	3,611	5,203	5,486	5,667

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	51.67%	51.67%	62.92%	62.92%	64.13%	60.69%	60.42%	59.12%	58.80%	58.80%
	48.33%	48.33%	37.08%	37.08%	35.87%	39.31%	39.57%	40.88%	41.19%	41.19%
No. of Shareholders	48	50	19	19	20	174	653	1,482	5,203	5,667

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Waaree Technologies Ltd

Waaree Technologies Ltd

Peer comparison

Half Yearly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports