Waaree Renewable Technologies, 534618, WAAREERTL Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

8,486.03
16.97
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

8,209.11
N/A
8.20

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

189.70
83.19
56.06

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
93.70
25.35

PAT CAGR (%)

10 Years
5 Years
3 Years

-
123.42
48.80

P:E (Median)

8 Years
5 Years
3 Years

39.96
46.08
45.59

P:BV (Average)

8 Years
5 Years
3 Years

22.72
32.37
37.22

EV:EBITDA (Average)

8 Years
5 Years
3 Years

33.19
37.61
44.06

Earnings Forecasts:

(Updated: 03-10-2026)

Description 2026 2027 2028 2029
Adj EPS 45.87 - - -
P/E Ratio 18.01 - - -
Revenue 3331.42 - - -
EBITDA 641.1 - - -
Net Income 478.7 - - -
ROA 27.4 - - -
P/B Ratio 9.22 - - -
ROE 68.89 - - -
FCFF 167.42 - - -
FCFF Yield 2.01 - - -
Net Debt -212.93 - - -
BVPS 89.63 - - -

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 811.34 603.10 34.53% 1,102.34 476.52 131.33% 850.99 360.25 136.22% 774.72 524.42 47.73%
Expenses 651.85 485.54 34.25% 895.56 350.19 155.74% 692.25 288.38 140.05% 616.86 452.88 36.21%
EBITDA 159.48 117.56 35.66% 206.78 126.33 63.68% 158.75 71.87 120.88% 157.87 71.54 120.67%
EBIDTM 19.66% 19.49% 18.76% 26.51% 18.65% 19.95% 20.38% 13.64%
Other Income 6.91 4.93 40.16% 7.65 4.94 54.86% 6.63 3.86 71.76% 5.12 3.49 46.70%
Interest 7.37 3.56 107.02% 2.68 4.38 -38.81% 3.42 3.35 2.09% 3.62 4.09 -11.49%
Depreciation 2.29 2.20 4.09% 2.06 1.60 28.75% 2.08 1.59 30.82% 2.15 1.56 37.82%
PBT 156.74 116.72 34.29% 209.69 121.28 72.90% 159.88 70.79 125.85% 157.22 69.39 126.57%
Tax 42.26 30.18 40.03% 52.37 27.39 91.20% 38.19 17.24 121.52% 40.21 15.81 154.33%
PAT 114.49 86.54 32.30% 157.31 93.89 67.55% 121.69 53.55 127.25% 117.00 53.58 118.37%
PATM 14.11% 14.35% 14.27% 19.70% 14.30% 14.87% 15.10% 10.22%
EPS 10.98 8.30 32.29% 15.08 9.00 67.56% 11.67 5.13 127.49% 11.22 5.14 118.29%

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 924.25 603.19 53.23% 1,102.40 476.58 131.31% 851.06 360.35 136.18% 774.78 524.47 47.73%
Expenses 750.77 485.64 54.59% 895.58 350.25 155.70% 692.26 288.42 140.02% 616.84 452.90 36.20%
EBITDA 173.48 117.54 47.59% 206.82 126.33 63.71% 158.80 71.92 120.80% 157.94 71.57 120.68%
EBIDTM 18.77% 19.49% 18.76% 26.51% 18.66% 19.96% 20.39% 13.65%
Other Income 5.28 4.83 9.32% 6.05 4.86 24.49% 5.12 3.78 35.45% 4.43 3.40 30.29%
Interest 9.59 3.56 169.38% 2.68 4.38 -38.81% 3.42 3.35 2.09% 3.62 4.09 -11.49%
Depreciation 5.78 2.24 158.04% 2.09 1.63 28.22% 2.11 1.62 30.25% 2.18 1.58 37.97%
PBT 163.39 116.57 40.16% 208.09 121.17 71.73% 158.39 70.73 123.94% 156.56 69.30 125.92%
Tax 44.41 30.19 47.10% 52.38 27.40 91.17% 38.19 17.25 121.39% 40.22 15.78 154.88%
PAT 118.97 86.39 37.71% 155.71 93.77 66.06% 120.20 53.48 124.76% 116.34 53.52 117.38%
PATM 12.87% 14.32% 14.12% 19.67% 14.12% 14.84% 15.02% 10.20%
EPS 11.11 8.29 34.02% 14.93 9.00 65.89% 11.52 5.13 124.56% 11.16 5.14 117.12%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 3,539.39 3,331.16 1,597.46 876.18 341.73 153.56 7.60 1.98 5.03 1.30 0.08 Net Sales Growth 80.19% 108.53% 82.32% 156.40% 122.54% 1920.53% 283.84% -60.64% 286.92% 1525.00% Cost Of Goods Sold 0.00 2,582.57 1,230.83 638.97 249.68 131.87 3.80 0.00 0.00 0.00 0.00 Gross Profit 3,539.39 748.59 366.63 237.21 92.05 21.69 3.80 1.98 5.03 1.30 0.08 GP Margin 100.00% 22.47% 22.95% 27.07% 26.94% 14.12% 50.0% 100% 100% 100% 100% Total Expenditure 2,856.52 2,690.21 1,286.47 669.28 265.75 140.33 4.85 1.93 2.54 1.51 0.56 Power & Fuel Cost - 0.50 0.41 0.19 0.00 0.00 0.01 0.04 0.03 0.00 0.00 % Of Sales - 0.02% 0.03% 0.02% 0% 0% 0.13% 2.02% 0.60% 0% 0% Employee Cost - 48.83 29.56 17.30 9.47 5.53 0.55 0.67 0.57 0.29 0.13 % Of Sales - 1.47% 1.85% 1.97% 2.77% 3.60% 7.24% 33.84% 11.33% 22.31% 162.50% Manufacturing Exp. - 33.15 11.73 6.65 3.40 1.48 0.06 0.02 0.02 0.00 0.00 % Of Sales - 1.00% 0.73% 0.76% 0.99% 0.96% 0.79% 1.01% 0.40% 0% 0% General & Admin Exp. - 17.21 10.02 4.00 2.11 1.36 0.41 1.16 1.86 1.14 0.14 % Of Sales - 0.52% 0.63% 0.46% 0.62% 0.89% 5.39% 58.59% 36.98% 87.69% 175.00% Selling & Distn. Exp. - 1.72 0.52 0.64 0.58 0.06 0.00 0.01 0.01 0.03 0.00 % Of Sales - 0.05% 0.03% 0.07% 0.17% 0.04% 0% 0.51% 0.20% 2.31% 0% Miscellaneous Exp. - 6.24 3.40 1.53 0.50 0.04 0.03 0.03 0.05 0.05 0.00 % Of Sales - 0.19% 0.21% 0.17% 0.15% 0.03% 0.39% 1.52% 0.99% 3.85% 350.0% EBITDA 682.88 640.95 310.99 206.90 75.98 13.23 2.75 0.05 2.49 -0.21 -0.48 EBITDA Margin 19.29% 19.24% 19.47% 23.61% 22.23% 8.62% 36.18% 2.53% 49.50% -16.15% -600% Other Income 26.31 24.34 15.13 4.46 5.18 14.35 3.69 3.11 0.79 0.74 0.45 Interest 17.09 13.29 14.84 6.77 1.18 1.47 3.62 3.38 2.20 0.08 0.00 Depreciation 8.58 8.50 6.25 5.99 0.18 0.16 0.16 0.16 0.16 0.04 0.00 PBT 683.53 643.50 305.04 198.60 79.81 25.95 2.66 -0.40 0.91 0.42 -0.04 Tax 173.03 160.95 71.54 53.12 20.40 5.55 0.32 -0.21 0.60 0.29 0.00 Tax Rate 25.31% 25.01% 23.77% 26.75% 25.56% 21.39% 12.03% 52.50% 65.93% 69.05% 0.00% PAT 510.49 482.55 229.49 145.48 59.41 20.40 2.34 -0.19 0.31 0.12 -0.03 PAT before Minority Interest 510.49 482.55 229.49 145.48 59.41 20.40 2.34 -0.19 0.31 0.12 -0.03 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 14.42% 14.49% 14.37% 16.60% 17.39% 13.28% 30.79% -9.60% 6.16% 9.23% -37.50% PAT Growth 77.52% 110.27% 57.75% 144.87% 191.23% 771.79% - - 158.33% - EPS 48.94 46.27 22.00 13.95 5.70 1.96 0.22 -0.02 0.03 0.01 0.00

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Net Sales 3,652.49 3,331.42 1,597.75 876.50 350.96 161.50 12.98 5.68 7.04 1.30 Net Sales Growth 85.92% 108.51% 82.29% 149.74% 117.31% 1144.22% 128.52% -19.32% 441.54% Cost Of Goods Sold 13.89 2,582.57 1,230.83 638.97 249.68 127.87 3.79 0.00 0.00 0.00 Gross Profit 3,638.60 748.85 366.92 237.54 101.28 33.63 9.18 5.68 7.04 1.30 GP Margin 99.62% 22.48% 22.96% 27.10% 28.86% 20.82% 70.72% 100% 100% 100% Total Expenditure 2,955.45 2,690.33 1,286.85 669.32 267.21 137.99 5.99 5.30 3.86 1.53 Power & Fuel Cost - 0.50 0.41 0.19 0.00 0.04 0.06 0.06 0.04 0.00 % Of Sales - 0.02% 0.03% 0.02% 0% 0.02% 0.46% 1.06% 0.57% 0% Employee Cost - 48.96 29.56 17.30 9.47 5.53 0.55 0.67 0.57 0.29 % Of Sales - 1.47% 1.85% 1.97% 2.70% 3.42% 4.24% 11.80% 8.10% 22.31% Manufacturing Exp. - 33.17 11.75 6.78 3.50 1.81 0.33 0.20 0.04 0.00 % Of Sales - 1.00% 0.74% 0.77% 1.00% 1.12% 2.54% 3.52% 0.57% 0% General & Admin Exp. - 17.23 10.05 4.01 2.32 2.30 0.95 1.63 3.13 1.15 % Of Sales - 0.52% 0.63% 0.46% 0.66% 1.42% 7.32% 28.70% 44.46% 88.46% Selling & Distn. Exp. - 1.72 0.52 0.64 0.58 0.06 0.19 0.01 0.01 0.03 % Of Sales - 0.05% 0.03% 0.07% 0.17% 0.04% 1.46% 0.18% 0.14% 2.31% Miscellaneous Exp. - 6.18 3.72 1.44 1.66 0.39 0.11 2.73 0.08 0.05 % Of Sales - 0.19% 0.23% 0.16% 0.47% 0.24% 0.85% 48.06% 1.14% 3.85% EBITDA 697.04 641.09 310.90 207.18 83.75 23.51 6.99 0.38 3.18 -0.23 EBITDA Margin 19.08% 19.24% 19.46% 23.64% 23.86% 14.56% 53.85% 6.69% 45.17% -17.69% Other Income 20.88 20.43 14.80 4.15 1.53 8.32 2.44 1.69 0.55 0.73 Interest 19.31 13.29 14.84 6.77 5.30 6.94 4.34 3.48 2.15 0.08 Depreciation 12.16 8.62 6.37 6.12 2.95 3.67 1.69 1.11 0.75 0.04 PBT 686.43 639.61 304.49 198.45 77.01 21.22 3.40 -2.52 0.82 0.39 Tax 175.20 160.97 71.55 53.24 21.68 12.32 5.77 0.66 2.74 0.29 Tax Rate 25.52% 25.17% 23.81% 26.83% 28.15% 58.06% 169.71% -26.19% 334.15% 74.36% PAT 511.22 478.70 229.16 145.31 55.42 8.60 -3.75 -3.18 -1.91 0.09 PAT before Minority Interest 508.14 478.64 228.92 145.22 55.33 8.89 -2.37 -3.18 -1.91 0.09 Minority Interest -3.08 0.06 0.24 0.09 0.09 -0.29 -1.38 0.00 0.00 0.00 PAT Margin 14.00% 14.37% 14.34% 16.58% 15.79% 5.33% -28.89% -55.99% -27.13% 6.92% PAT Growth 78.03% 108.89% 57.70% 162.20% 544.42% - - - - EPS 49.01 45.90 21.97 13.93 5.31 0.82 -0.36 -0.30 -0.18 0.01

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 939.48 456.69 247.49 111.43 52.21 32.79 30.43 10.63 10.26 10.15 Share Capital 20.87 20.85 20.83 20.81 20.81 20.81 20.81 10.01 10.01 10.01 Total Reserves 917.24 434.32 225.01 89.78 31.40 11.97 9.61 0.62 0.24 0.14 Non-Current Liabilities 82.57 51.72 48.29 0.91 0.96 37.85 37.40 37.12 0.37 0.00 Secured Loans 18.48 24.18 27.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.09 36.94 36.67 36.23 0.00 0.00 Long Term Provisions 4.78 1.32 0.62 0.31 0.22 0.69 0.05 0.01 0.08 0.00 Current Liabilities 1,320.92 612.89 419.20 142.10 78.89 12.80 0.56 0.39 1.70 0.01 Trade Payables 771.73 236.32 297.52 76.81 57.91 2.74 0.01 0.03 0.08 0.01 Other Current Liabilities 443.52 357.81 88.02 48.14 19.05 10.04 0.50 0.34 1.61 0.00 Short Term Borrowings 60.00 0.00 10.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 45.66 18.75 23.66 17.15 1.94 0.02 0.04 0.02 0.00 0.00 Total Liabilities 2,342.97 1,121.30 714.98 254.44 132.06 83.44 68.39 48.14 12.33 10.16 Net Block 237.98 195.14 153.94 9.27 3.15 3.23 3.40 3.55 3.71 0.00 Gross Block 265.52 213.61 165.17 10.12 3.82 3.75 3.75 3.74 3.74 0.00 Accumulated Depreciation 27.54 18.47 11.23 0.85 0.67 0.51 0.35 0.19 0.04 0.00 Non Current Assets 560.98 305.81 161.03 89.60 3.39 35.95 67.22 44.01 4.67 3.21 Capital Work in Progress 111.45 56.22 3.03 80.05 0.00 0.00 0.00 0.00 0.00 0.00 Non Current Investment 8.39 0.03 0.01 0.22 0.22 32.10 32.10 31.90 0.00 0.00 Long Term Loans & Adv. 77.35 0.72 0.56 0.06 0.01 0.62 31.70 8.52 0.92 3.21 Other Non Current Assets 125.81 53.70 3.49 0.00 0.00 0.00 0.02 0.03 0.05 0.00 Current Assets 1,781.99 815.50 553.95 164.85 128.67 47.48 1.16 4.14 7.65 6.95 Current Investments 22.85 51.97 9.00 0.00 0.56 0.00 0.00 0.00 0.00 0.00 Inventories 116.76 6.45 29.17 36.52 1.69 0.46 0.00 0.00 0.00 6.33 Sundry Debtors 1,171.54 496.98 371.98 61.28 45.11 2.46 0.02 2.88 0.41 0.00 Cash & Bank 358.43 193.43 120.77 12.74 38.57 0.53 0.28 0.66 7.03 0.45 Other Current Assets 112.41 16.77 9.65 3.34 42.75 44.04 0.86 0.60 0.22 0.17 Short Term Loans & Adv. 98.46 49.91 13.38 50.97 39.28 37.52 0.85 0.58 0.17 0.06 Net Current Assets 461.07 202.61 134.75 22.74 49.78 34.68 0.61 3.75 5.96 6.94 Total Assets 2,342.97 1,121.31 714.98 254.45 132.06 83.43 68.38 48.15 12.32 10.16

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Shareholder's Funds 934.35 455.42 246.53 85.14 29.90 22.28 25.95 9.33 10.25 Share Capital 20.87 20.85 20.83 20.81 20.81 20.81 20.81 10.01 10.01 Total Reserves 912.11 433.04 224.06 63.49 9.09 1.46 5.14 -0.68 0.23 Non-Current Liabilities 111.10 52.23 48.78 46.19 47.37 123.51 40.33 39.92 0.37 Secured Loans 18.48 24.18 27.37 30.48 32.90 77.35 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.09 36.94 36.67 36.95 0.00 Long Term Provisions 4.78 1.32 0.62 0.31 0.22 0.73 0.05 0.01 0.08 Current Liabilities 1,328.87 612.94 419.23 151.48 90.56 24.62 24.75 15.10 5.35 Trade Payables 771.77 234.33 297.52 74.61 57.98 6.02 6.73 0.05 0.09 Other Current Liabilities 451.44 359.86 88.04 54.30 25.23 16.42 14.76 14.94 5.01 Short Term Borrowings 60.00 0.00 10.00 5.42 5.43 2.16 3.10 0.00 0.25 Short Term Provisions 45.66 18.75 23.66 17.15 1.92 0.02 0.16 0.12 0.00 Total Liabilities 2,373.80 1,120.13 714.31 282.67 167.78 202.37 121.60 94.72 15.97 Net Block 272.02 197.82 156.75 74.29 73.16 154.68 30.49 31.89 3.71 Gross Block 300.85 216.75 168.31 81.70 77.87 157.97 32.09 32.67 3.74 Accumulated Depreciation 28.84 18.92 11.56 7.42 4.71 3.29 1.60 0.78 0.04 Non Current Assets 584.16 308.62 163.98 155.12 74.64 157.92 76.58 82.15 8.19 Capital Work in Progress 178.06 56.37 3.17 80.20 0.90 1.52 41.18 3.35 4.17 Non Current Investment 8.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 3.08 0.72 0.56 0.64 0.57 1.71 4.89 46.62 0.27 Other Non Current Assets 122.65 53.70 3.49 0.00 0.00 0.00 0.02 0.30 0.05 Current Assets 1,789.63 811.51 550.34 127.55 93.15 44.44 45.03 12.58 7.78 Current Investments 22.85 51.97 9.00 0.00 0.56 30.09 0.00 0.00 0.00 Inventories 116.76 6.45 29.17 36.52 1.69 0.46 0.00 0.00 0.00 Sundry Debtors 1,172.01 497.75 372.57 61.31 46.53 6.17 1.36 4.12 0.41 Cash & Bank 358.59 193.55 120.89 16.51 42.19 6.11 36.76 7.38 7.15 Other Current Assets 119.42 15.28 8.70 0.84 2.18 1.63 6.92 1.08 0.23 Short Term Loans & Adv. 106.73 46.51 10.01 12.38 1.53 1.31 6.56 0.95 0.17 Net Current Assets 460.76 198.57 131.11 -23.93 2.59 19.83 20.28 -2.53 2.43 Total Assets 2,373.79 1,120.13 714.32 282.67 167.79 202.36 121.61 94.73 15.97

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 290.93 302.41 127.67 58.15 33.52 3.27 3.30 4.51 0.45 -1.93 PBT 643.50 301.02 198.60 79.81 25.95 2.66 -0.40 0.91 0.42 -0.04 Adjustment -1.31 7.21 10.03 -2.75 -12.45 0.11 0.45 1.57 -0.63 -0.45 Changes in Working Capital -218.23 65.35 -55.48 -13.61 23.17 0.78 3.52 2.37 0.86 -1.40 Cash after chg. in Working capital 423.96 373.59 153.15 63.45 36.68 3.55 3.57 4.85 0.65 -1.88 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -133.04 -71.17 -25.47 -5.30 -3.15 -0.28 -0.27 -0.34 -0.20 -0.05 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -271.78 -236.65 -114.16 -66.00 18.59 -8.01 2.89 -31.10 -3.02 0.97 Net Fixed Assets -107.14 -101.63 -78.03 -86.35 -0.07 0.00 -0.01 0.00 -3.74 0.00 Net Investments 20.76 -42.99 -8.79 0.56 31.32 0.00 -0.20 -31.90 0.00 0.52 Others -185.40 -92.03 -27.34 19.79 -12.66 -8.01 3.10 0.80 0.72 0.45 Cash from Financing Activity 25.84 -48.57 -7.18 -2.31 -39.36 4.99 -6.13 26.60 2.43 1.13 Net Cash Inflow / Outflow 44.98 17.19 6.33 -10.16 12.75 0.25 0.06 0.01 -0.14 0.17 Opening Cash & Equivalents 26.77 9.58 3.24 13.18 0.43 0.18 0.12 0.10 0.24 0.07 Closing Cash & Equivalent 71.75 26.77 9.58 3.02 13.18 0.43 0.18 0.12 0.10 0.24

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Cash From Operating Activity 286.95 302.70 127.91 65.15 42.55 -2.31 50.85 -6.80 0.00 PBT 639.61 300.48 198.45 77.01 21.22 3.40 -2.52 0.82 0.00 Adjustment 2.73 7.67 10.46 8.02 3.46 3.75 5.21 33.68 0.00 Changes in Working Capital -222.35 65.73 -55.52 -14.58 21.50 -9.47 48.53 -40.91 0.00 Cash after chg. in Working capital 419.99 373.87 153.39 70.45 46.18 -2.33 51.22 -6.41 0.00 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -133.04 -71.17 -25.48 -5.30 -3.63 0.01 -0.37 -0.40 0.00 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -264.48 -236.93 -114.39 -65.96 9.43 -104.56 -38.16 -27.57 0.00 Net Fixed Assets -107.14 -101.63 -78.03 -86.35 -0.07 0.00 -0.01 0.00 Net Investments 20.76 -42.99 -8.79 0.56 31.32 0.00 -0.20 -31.90 Others -178.10 -92.31 -27.57 19.83 -21.82 -104.56 -37.95 4.33 Cash from Financing Activity 22.55 -48.57 -7.18 -9.20 -39.99 80.68 14.38 34.55 0.00 Net Cash Inflow / Outflow 45.02 17.20 6.34 -10.01 11.99 -26.19 27.07 0.18 0.00 Opening Cash & Equivalents 26.79 9.59 3.26 13.27 1.28 27.47 0.40 0.22 0.00 Closing Cash & Equivalent 71.82 26.79 9.59 3.26 13.27 1.28 27.47 0.40 0.00

Financial Ratios

Consolidated /

Standalone

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 89.90 43.66 23.60 10.63 25.08 15.75 14.62 10.62 10.24 10.14 ROA 27.86% 24.99% 30.01% 30.74% 18.93% 3.08% -0.32% 1.02% 1.09% -0.32% ROE 69.27% 65.47% 81.63% 72.98% 48.01% 7.40% -0.91% 2.96% 1.20% -0.32% ROCE 87.27% 81.83% 102.84% 98.93% 44.95% 9.19% 5.24% 10.91% 4.84% -0.31% Fixed Asset Turnover 13.91 8.43 10.00 49.02 40.55 2.03 0.53 1.34 0.69 21.03 Receivable days 91.41 99.27 90.25 56.82 56.53 59.53 267.81 119.27 114.12 0.00 Inventory Days 6.75 4.07 13.68 20.40 2.55 21.93 0.00 0.00 0.00 0.00 Payable days 71.24 79.16 106.92 0.00 0.00 130.50 0.00 8.30 13.15 10.75 Cash Conversion Cycle 26.93 24.19 -2.99 77.22 59.08 -49.03 267.81 110.97 100.96 -10.75 Total Debt/Equity 0.09 0.06 0.16 0.00 0.00 1.13 1.21 3.41 0.00 0.00 Interest Cover 49.44 21.29 30.36 68.64 18.61 1.73 0.88 1.41 6.39 -8.24

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Book Value (Rs.) 89.41 43.54 23.51 8.10 14.37 10.70 12.47 9.32 10.23 ROA 27.40% 24.96% 29.13% 24.57% 4.80% -1.46% -2.94% -3.46% 0.58% ROE 69.02% 65.52% 88.23% 96.90% 34.08% -9.81% -18.00% -19.55% 0.90% ROCE 87.12% 81.92% 99.83% 84.06% 26.67% 7.55% 1.71% 10.48% 4.48% Fixed Asset Turnover 12.87 8.30 7.01 4.40 1.37 0.14 0.18 0.39 0.35 Receivable days 91.47 99.41 90.34 56.08 59.55 105.80 175.93 117.38 114.12 Inventory Days 6.75 4.07 13.68 19.87 2.42 12.85 0.00 0.00 0.00 Payable days 71.10 78.86 106.29 0.00 0.00 612.31 0.00 6.17 24.32 Cash Conversion Cycle 27.12 24.62 -2.27 75.95 61.98 -493.66 175.93 111.20 89.80 Total Debt/Equity 0.09 0.06 0.17 0.46 1.40 5.26 1.53 3.96 0.02 Interest Cover 49.13 21.25 30.33 15.52 4.06 1.78 0.28 1.38 5.60

Top Investors:

hitesh p mehta

llp

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News Update:

Waaree Renewable Technologies’ arm incorporates wholly-owned subsidiary
15th Sep 2026, 10:59 AM

Waaree Green Data Centers has incorporated wholly-owned subsidiary on September 14, 2026
Read More
Waaree Renewable Technologies’ arm incorporates wholly-owned subsidiary
12th Sep 2026, 17:14 PM

Waaree Green Data Centers has incorporated a WOS by name ‘Sunstar Data Centers’ on September 11, 2026
Read More
Waaree Renewable Technologies gets LoA for ground-mounted Solar PV project
28th Aug 2026, 16:16 PM

The project is scheduled to be completed during the financial year 2027-28, as per the terms of the order
Read More
Waaree Renewable Technologies bags LoA for 124 MWp solar PV project
10th Aug 2026, 12:09 PM

The project is scheduled to be completed during the financial year 2026-27
Read More
Waaree Renewable Technologies secures 210MWp EPC contract from Solaris Horizon Energy
6th Aug 2026, 11:08 AM

The project is scheduled to be completed during the financial year 2027-28, as per the terms of the order
Read More
Waaree Renewable signs ECI agreement for utility-scale solar PV project in New Zealand
28th Jul 2026, 11:58 AM

This marks the company’s strategic entry into the Australia and New Zealand (ANZ) renewable energy market
Read More
Waaree Renewable secures 800 MWac solar EPC projects
27th Jul 2026, 09:51 AM

The projects are scheduled to be completed during the financial year 2027-28, as per the terms of the order
Read More

Waaree Renewable Technologies Ltd.

Engineering - Construction

BSE: 534618 | NSE: WAAREERTL

Stock Summary

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update:

Waaree Renewable Technologies Ltd.

Engineering - Construction

BSE: 534618 | NSE: WAAREERTL

Stock Summary

Shareholding Pattern

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update: