Waaree Renewable Technologies Ltd

AI
Waaree Renewab. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
AI

Waaree Renewable Technologies Ltd

₹ 678 -5.66%
23 Oct - close price
waareertl.com BSE: 534618 NSE: WAAREERTL
About

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.

Key Points

Business Overview:[1][2]
Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Energies Limited, operates in solar EPC, solar power generation and, following its acquisition of Associated Power Structures Private Limited (APSPL), transmission and distribution EPC.

Website BSE NSE
  • Market Cap ₹ 7,080 Cr.
  • Current Price ₹ 678
  • High / Low ₹ 1,358 / 673
  • Stock P/E 15.2
  • Book Value ₹ 107
  • Dividend Yield 0.00 %
  • ROCE 83.2 %
  • ROE 68.3 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 190% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 70.2%

Cons

  • Company might be capitalizing the interest cost

* 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

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

Part of Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500 BSE Industrials

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
150 324 273 236 524 360 477 603 775 851 1,102 924 1,058
119 236 198 195 453 288 350 486 617 692 896 751 898
Operating Profit 31 88 75 41 72 72 126 118 158 159 207 173 160
OPM % 20% 27% 28% 17% 14% 20% 27% 19% 20% 19% 19% 19% 15%
1 0 2 3 3 4 1 5 4 5 6 5 9
Interest 2 0 4 3 4 3 4 4 4 3 3 10 37
Depreciation 2 2 2 2 2 2 2 2 2 2 2 6 27
Profit before tax 28 86 72 39 69 71 121 117 157 158 208 163 105
Tax % 25% 26% 29% 28% 23% 24% 23% 26% 26% 24% 25% 27% 23%
21 64 51 28 54 53 94 86 116 120 156 119 81
EPS in Rs 1.98 6.17 4.93 2.72 5.14 5.13 9.00 8.29 11.16 11.52 14.93 11.11 7.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
2 7 6 13 162 351 876 1,598 3,331 3,936
2 4 5 6 138 267 669 1,287 2,690 3,236
Operating Profit 0 3 1 7 24 84 207 311 641 699
OPM % 25% 45% 15% 54% 15% 24% 24% 19% 19% 18%
0 1 1 2 8 2 4 11 20 26
Interest 0 2 3 4 7 5 7 15 13 53
Depreciation 0 1 1 2 4 3 6 6 9 37
Profit before tax 0 1 -3 3 21 77 198 300 640 635
Tax % 79% 334% 26% 170% 58% 28% 27% 24% 25%
0 -2 -3 -2 9 55 145 229 479 476
EPS in Rs 0.02 -0.38 -0.31 -0.23 0.83 5.32 13.95 21.98 45.88 44.64
Dividend Payout % 0% 0% 0% 0% 12% 4% 7% 5% 0%
Compounded Sales Growth
10 Years: %
5 Years: 203%
3 Years: 112%
TTM: 78%
Compounded Profit Growth
10 Years: %
5 Years: 190%
3 Years: 105%
TTM: 32%
Stock Price CAGR
10 Years: 64%
5 Years: 77%
3 Years: 38%
1 Year: -45%
Return on Equity
10 Years: %
5 Years: 71%
3 Years: 70%
Last Year: 68%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 10 10 21 21 21 21 21 21 21 21
Reserves 0 -1 5 1 9 64 226 435 913 1,098
0 37 40 117 42 39 40 27 146 1,493
5 48 56 62 96 159 427 637 1,294 2,258
Total Liabilities 16 95 122 202 168 283 714 1,120 2,374 4,869
4 32 30 155 73 74 157 198 272 1,789
CWIP 4 3 41 2 1 80 3 56 178 162
Investments 0 0 0 30 1 0 9 52 31 112
8 59 50 16 93 128 545 814 1,893 2,805
Total Assets 16 95 122 202 168 283 714 1,120 2,374 4,869

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0 -7 51 -2 43 65 128 303 287
0 -28 -38 -105 9 -66 -114 -237 -264
0 35 14 81 -40 -9 -7 -49 23
Net Cash Flow 0 0 27 -26 12 -10 6 17 45
Free Cash Flow 0 -35 11 -89 36 -18 117 201 164
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 0% -202% 5,820% -33% 196% 84% 74% 120% 66%

Ratios

Consolidated / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 74 214 87 174 105 64 155 114 128
Inventory Days 44 5 53 17 2 20
Days Payable 578 164 108 168 90 129
Cash Conversion Cycle 74 214 87 -361 -54 9 3 26 19
Working Capital Days -849 -513 -1,059 -460 -91 -42 0 -11 9
ROCE % 7% 2% 6% 23% 84% 100% 82% 83%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025 Mar 2026
EPC Project Execution Volume
MWp

Log in to view insights

Please log in to see hidden values.

Login
IPP Operational Capacity
MWp
O&M Portfolio
MWp
Unexecuted Order Book
MWp
Cumulative Projects Commissioned
GWp
In-house Team Manpower
Headcount

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
74.46% 74.46% 74.46% 74.44% 74.39% 74.39% 74.39% 74.39% 74.32% 74.32% 74.32% 74.30%
0.00% 0.20% 0.83% 0.98% 0.99% 1.13% 1.31% 1.38% 1.70% 1.85% 1.98% 2.02%
0.09% 0.01% 0.01% 0.00% 0.01% 0.24% 0.14% 0.12% 0.14% 0.09% 0.09% 0.09%
25.43% 25.33% 24.69% 24.58% 24.60% 24.25% 24.16% 24.12% 23.85% 23.73% 23.61% 23.58%
No. of Shareholders 28,98586,4821,85,3402,20,7022,84,1893,23,2583,16,5203,13,4093,10,1093,08,3073,06,4453,01,491

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls