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

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

9,136.31
17.98
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

8,859.39
N/A
8.68

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

125.02
161.85
65.74

EBITDA CAGR (%)

10 Years
5 Years
3 Years

117.71
113.61
30.00

PAT CAGR (%)

10 Years
5 Years
3 Years

119.10
150.21
60.51

P:E (Median)

8 Years
5 Years
3 Years

40.92
46.04
46.51

P:BV (Average)

8 Years
5 Years
3 Years

22.65
32.60
38.01

EV:EBITDA (Average)

8 Years
5 Years
3 Years

33.42
38.05
44.80

Earnings Forecasts:

(Updated: 22-08-2026)

Description 2026 2027 2028 2029
Adj EPS 60 13 - -
P/E Ratio 14.59 67.33 - -
Revenue - - - -
EBITDA - - - -
Net Income - - - -
ROA - - - -
P/B Ratio - - - -
ROE - - - -
FCFF - - - -
FCFF Yield - - - -
Net Debt - - - -
BVPS - - - -

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

Standalone Figures in Rs. Crores /

Consolidated

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Net Sales 3,539.39 1,597.46 876.18 341.73 153.56 7.60 1.98 5.03 1.30 0.08 0.48 Net Sales Growth 80.19% 82.32% 156.40% 122.54% 1920.53% 283.84% -60.64% 286.92% 1525.00% -83.33% Cost Of Goods Sold 0.00 1,230.83 638.97 249.68 131.87 3.80 0.00 0.00 0.00 0.00 0.00 Gross Profit 3,539.39 366.63 237.21 92.05 21.69 3.80 1.98 5.03 1.30 0.08 0.48 GP Margin 100.00% 22.95% 27.07% 26.94% 14.12% 50.0% 100% 100% 100% 100% 100% Total Expenditure 2,856.52 1,286.47 669.28 265.75 140.33 4.85 1.93 2.54 1.51 0.56 0.35 Power & Fuel Cost - 0.41 0.19 0.00 0.00 0.01 0.04 0.03 0.00 0.00 0.00 % Of Sales - 0.03% 0.02% 0% 0% 0.13% 2.02% 0.60% 0% 0% 0% Employee Cost - 29.56 17.30 9.47 5.53 0.55 0.67 0.57 0.29 0.13 0.15 % Of Sales - 1.85% 1.97% 2.77% 3.60% 7.24% 33.84% 11.33% 22.31% 162.50% 31.25% Manufacturing Exp. - 11.73 6.65 3.40 1.48 0.06 0.02 0.02 0.00 0.00 0.00 % Of Sales - 0.73% 0.76% 0.99% 0.96% 0.79% 1.01% 0.40% 0% 0% 0% General & Admin Exp. - 10.02 4.00 2.11 1.36 0.41 1.16 1.86 1.14 0.14 0.16 % Of Sales - 0.63% 0.46% 0.62% 0.89% 5.39% 58.59% 36.98% 87.69% 175.00% 33.33% Selling & Distn. Exp. - 0.52 0.64 0.58 0.06 0.00 0.01 0.01 0.03 0.00 0.00 % Of Sales - 0.03% 0.07% 0.17% 0.04% 0% 0.51% 0.20% 2.31% 0% 0% Miscellaneous Exp. - 3.40 1.53 0.50 0.04 0.03 0.03 0.05 0.05 0.28 0.00 % Of Sales - 0.21% 0.17% 0.15% 0.03% 0.39% 1.52% 0.99% 3.85% 350.0% 4.17% EBITDA 682.88 310.99 206.90 75.98 13.23 2.75 0.05 2.49 -0.21 -0.48 0.13 EBITDA Margin 19.29% 19.47% 23.61% 22.23% 8.62% 36.18% 2.53% 49.50% -16.15% -600% 27.08% Other Income 26.31 15.13 4.46 5.18 14.35 3.69 3.11 0.79 0.74 0.45 0.00 Interest 17.09 14.84 6.77 1.18 1.47 3.62 3.38 2.20 0.08 0.00 0.00 Depreciation 8.58 6.25 5.99 0.18 0.16 0.16 0.16 0.16 0.04 0.00 0.00 PBT 683.53 305.04 198.60 79.81 25.95 2.66 -0.40 0.91 0.42 -0.04 0.13 Tax 173.03 71.54 53.12 20.40 5.55 0.32 -0.21 0.60 0.29 0.00 0.04 Tax Rate 25.31% 23.77% 26.75% 25.56% 21.39% 12.03% 52.50% 65.93% 69.05% 0.00% 30.77% PAT 510.49 229.49 145.48 59.41 20.40 2.34 -0.19 0.31 0.12 -0.03 0.09 PAT before Minority Interest 510.49 229.49 145.48 59.41 20.40 2.34 -0.19 0.31 0.12 -0.03 0.09 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% 14.37% 16.60% 17.39% 13.28% 30.79% -9.60% 6.16% 9.23% -37.50% 18.75% PAT Growth 77.52% 57.75% 144.87% 191.23% 771.79% - - 158.33% - - EPS 48.94 22.00 13.95 5.70 1.96 0.22 -0.02 0.03 0.01 0.00 0.01

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

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Shareholder's Funds 456.69 247.49 111.43 52.21 32.79 30.43 10.63 10.26 10.15 10.19 Share Capital 20.85 20.83 20.81 20.81 20.81 20.81 10.01 10.01 10.01 10.01 Total Reserves 434.32 225.01 89.78 31.40 11.97 9.61 0.62 0.24 0.14 0.17 Non-Current Liabilities 51.72 48.29 0.91 0.96 37.85 37.40 37.12 0.37 0.00 0.00 Secured Loans 24.18 27.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.09 36.94 36.67 36.23 0.00 0.00 0.00 Long Term Provisions 1.32 0.62 0.31 0.22 0.69 0.05 0.01 0.08 0.00 0.00 Current Liabilities 612.89 419.20 142.10 78.89 12.80 0.56 0.39 1.70 0.01 0.05 Trade Payables 234.30 297.52 76.81 57.91 2.74 0.01 0.03 0.08 0.01 0.00 Other Current Liabilities 359.84 88.02 48.14 19.05 10.04 0.50 0.34 1.61 0.00 0.01 Short Term Borrowings 0.00 10.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 18.75 23.66 17.15 1.94 0.02 0.04 0.02 0.00 0.00 0.04 Total Liabilities 1,121.30 714.98 254.44 132.06 83.44 68.39 48.14 12.33 10.16 10.24 Net Block 195.14 153.94 9.27 3.15 3.23 3.40 3.55 3.71 0.00 0.00 Gross Block 212.61 165.17 10.12 3.82 3.75 3.75 3.74 3.74 0.00 0.00 Accumulated Depreciation 17.47 11.23 0.85 0.67 0.51 0.35 0.19 0.04 0.00 0.00 Non Current Assets 305.81 161.03 89.60 3.39 35.95 67.22 44.01 4.67 3.21 0.52 Capital Work in Progress 56.22 3.03 80.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Non Current Investment 0.03 0.01 0.22 0.22 32.10 32.10 31.90 0.00 0.00 0.52 Long Term Loans & Adv. 0.72 0.56 0.06 0.01 0.62 31.70 8.52 0.92 3.21 0.00 Other Non Current Assets 53.70 3.49 0.00 0.00 0.00 0.02 0.03 0.05 0.00 0.00 Current Assets 815.50 553.95 164.85 128.67 47.48 1.16 4.14 7.65 6.95 9.72 Current Investments 51.97 9.00 0.00 0.56 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 6.45 29.17 36.52 1.69 0.46 0.00 0.00 0.00 6.33 5.00 Sundry Debtors 496.98 371.98 61.28 45.11 2.46 0.02 2.88 0.41 0.00 0.00 Cash & Bank 193.43 120.77 12.74 38.57 0.53 0.28 0.66 7.03 0.45 0.28 Other Current Assets 66.68 9.65 3.34 3.47 44.04 0.86 0.60 0.22 0.17 4.43 Short Term Loans & Adv. 49.91 13.38 50.97 39.28 37.52 0.85 0.58 0.17 0.06 4.39 Net Current Assets 202.61 134.75 22.74 49.78 34.68 0.61 3.75 5.96 6.94 9.67 Total Assets 1,121.31 714.98 254.45 132.06 83.43 68.38 48.15 12.32 10.16 10.24

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Shareholder's Funds 455.42 246.53 85.14 29.90 22.28 25.95 9.33 10.25 Share Capital 20.85 20.83 20.81 20.81 20.81 20.81 10.01 10.01 Total Reserves 433.04 224.06 63.49 9.09 1.46 5.14 -0.68 0.23 Non-Current Liabilities 52.23 48.78 46.19 47.37 123.51 40.33 39.92 0.37 Secured Loans 24.18 27.37 30.48 32.90 77.35 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.09 36.94 36.67 36.95 0.00 Long Term Provisions 1.32 0.62 0.31 0.22 0.73 0.05 0.01 0.08 Current Liabilities 612.94 419.23 151.48 90.56 24.62 24.75 15.10 5.35 Trade Payables 234.33 297.52 74.61 57.98 6.02 6.73 0.05 0.09 Other Current Liabilities 359.86 88.04 54.30 25.23 16.42 14.76 14.94 5.01 Short Term Borrowings 0.00 10.00 5.42 5.43 2.16 3.10 0.00 0.25 Short Term Provisions 18.75 23.66 17.15 1.92 0.02 0.16 0.12 0.00 Total Liabilities 1,120.13 714.31 282.67 167.78 202.37 121.60 94.72 15.97 Net Block 197.82 156.75 74.29 73.16 154.68 30.49 31.89 3.71 Gross Block 215.75 168.31 81.70 77.87 157.97 32.09 32.67 3.74 Accumulated Depreciation 17.93 11.56 7.42 4.71 3.29 1.60 0.78 0.04 Non Current Assets 308.62 163.98 155.12 74.64 157.92 76.58 82.15 8.19 Capital Work in Progress 56.37 3.17 80.20 0.90 1.52 41.18 3.35 4.17 Non Current Investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 0.72 0.56 0.64 0.57 1.71 4.89 46.62 0.27 Other Non Current Assets 53.70 3.49 0.00 0.00 0.00 0.02 0.30 0.05 Current Assets 811.51 550.34 127.55 93.15 44.44 45.03 12.58 7.78 Current Investments 51.97 9.00 0.00 0.56 30.09 0.00 0.00 0.00 Inventories 6.45 29.17 36.52 1.69 0.46 0.00 0.00 0.00 Sundry Debtors 497.75 372.57 61.31 46.53 6.17 1.36 4.12 0.41 Cash & Bank 193.55 120.89 16.51 42.19 6.11 36.76 7.38 7.15 Other Current Assets 61.79 8.70 0.84 0.65 1.63 6.92 1.08 0.23 Short Term Loans & Adv. 46.51 10.01 12.38 1.53 1.31 6.56 0.95 0.17 Net Current Assets 198.57 131.11 -23.93 2.59 19.83 20.28 -2.53 2.43 Total Assets 1,120.13 714.32 282.67 167.79 202.36 121.61 94.73 15.97

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Cash From Operating Activity 302.41 127.67 58.15 33.52 3.27 3.30 4.51 0.45 -1.93 -0.13 PBT 301.02 198.60 79.81 25.95 2.66 -0.40 0.91 0.42 -0.04 0.13 Adjustment 7.21 10.03 -2.75 -12.45 0.11 0.45 1.57 -0.63 -0.45 0.00 Changes in Working Capital 65.35 -55.48 -13.61 23.17 0.78 3.52 2.37 0.86 -1.40 -0.22 Cash after chg. in Working capital 373.59 153.15 63.45 36.68 3.55 3.57 4.85 0.65 -1.88 -0.09 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -71.17 -25.47 -5.30 -3.15 -0.28 -0.27 -0.34 -0.20 -0.05 -0.04 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 -236.65 -114.16 -66.00 18.59 -8.01 2.89 -31.10 -3.02 0.97 0.00 Net Fixed Assets -100.63 -78.03 -86.35 -0.07 0.00 -0.01 0.00 -3.74 0.00 0.00 Net Investments -42.99 -8.79 0.56 31.32 0.00 -0.20 -31.90 0.00 0.52 0.00 Others -93.03 -27.34 19.79 -12.66 -8.01 3.10 0.80 0.72 0.45 0.00 Cash from Financing Activity -48.57 -7.18 -2.31 -39.36 4.99 -6.13 26.60 2.43 1.13 0.00 Net Cash Inflow / Outflow 17.19 6.33 -10.16 12.75 0.25 0.06 0.01 -0.14 0.17 -0.13 Opening Cash & Equivalents 9.58 3.24 13.18 0.43 0.18 0.12 0.10 0.24 0.07 0.40 Closing Cash & Equivalent 26.77 9.58 3.02 13.18 0.43 0.18 0.12 0.10 0.24 0.28

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Cash From Operating Activity 302.70 127.91 65.15 42.55 -2.31 50.85 -6.80 0.00 PBT 300.48 198.45 77.01 21.22 3.40 -2.52 0.82 0.00 Adjustment 7.67 10.46 8.02 3.46 3.75 5.21 33.68 0.00 Changes in Working Capital 65.73 -55.52 -14.58 21.50 -9.47 48.53 -40.91 0.00 Cash after chg. in Working capital 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 Tax Paid -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 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -236.93 -114.39 -65.96 9.43 -104.56 -38.16 -27.57 0.00 Net Fixed Assets -100.63 -78.03 -86.35 -0.07 0.00 -0.01 0.00 Net Investments -42.99 -8.79 0.56 31.32 0.00 -0.20 -31.90 Others -93.31 -27.57 19.83 -21.82 -104.56 -37.95 4.33 Cash from Financing Activity -48.57 -7.18 -9.20 -39.99 80.68 14.38 34.55 0.00 Net Cash Inflow / Outflow 17.20 6.34 -10.01 11.99 -26.19 27.07 0.18 0.00 Opening Cash & Equivalents 9.59 3.26 13.27 1.28 27.47 0.40 0.22 0.00 Closing Cash & Equivalent 26.79 9.59 3.26 13.27 1.28 27.47 0.40 0.00

Financial Ratios

Standalone /

Consolidated

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16
Book Value (Rs.) 43.66 23.60 10.63 25.08 15.75 14.62 10.62 10.24 10.14 10.17 ROA 24.99% 30.01% 30.74% 18.93% 3.08% -0.32% 1.02% 1.09% -0.32% 0.91% ROE 65.47% 81.63% 72.98% 48.01% 7.40% -0.91% 2.96% 1.20% -0.32% 0.91% ROCE 81.83% 102.84% 98.93% 44.95% 9.19% 5.24% 10.91% 4.84% -0.31% 1.30% Fixed Asset Turnover 8.46 10.00 49.02 40.55 2.03 0.53 1.34 0.69 21.03 0.00 Receivable days 99.27 90.25 56.82 56.53 59.53 267.81 119.27 114.12 0.00 0.00 Inventory Days 4.07 13.68 20.40 2.55 21.93 0.00 0.00 0.00 0.00 2799.48 Payable days 78.86 106.92 0.00 0.00 130.50 0.00 8.30 13.15 10.75 0.00 Cash Conversion Cycle 24.49 -2.99 77.22 59.08 -49.03 267.81 110.97 100.96 -10.75 2799.48 Total Debt/Equity 0.06 0.16 0.00 0.00 1.13 1.21 3.41 0.00 0.00 0.00 Interest Cover 21.29 30.36 68.64 18.61 1.73 0.88 1.41 6.39 -8.24 209.53

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Book Value (Rs.) 43.54 23.51 8.10 14.37 10.70 12.47 9.32 10.23 ROA 24.96% 29.13% 24.57% 4.80% -1.46% -2.94% -3.46% 0.58% ROE 65.52% 88.23% 96.90% 34.08% -9.81% -18.00% -19.55% 0.90% ROCE 81.92% 99.83% 84.06% 26.67% 7.55% 1.71% 10.48% 4.48% Fixed Asset Turnover 8.32 7.01 4.40 1.37 0.14 0.18 0.39 0.35 Receivable days 99.41 90.34 56.08 59.55 105.80 175.93 117.38 114.12 Inventory Days 4.07 13.68 19.87 2.42 12.85 0.00 0.00 0.00 Payable days 78.86 106.29 0.00 0.00 612.31 0.00 6.17 24.32 Cash Conversion Cycle 24.62 -2.27 75.95 61.98 -493.66 175.93 111.20 89.80 Total Debt/Equity 0.06 0.17 0.46 1.40 5.26 1.53 3.96 0.02 Interest Cover 21.25 30.33 15.52 4.06 1.78 0.28 1.38 5.60

Top Investors:

hitesh p mehta

llp

Annual Reports:

News Update:

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
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Waaree Renewable Technologies acquires 55% stake in APSPL
18th Jun 2026, 16:59 PM

Consequent to the completion of the aforesaid acquisition, APSPL has become a subsidiary of Waaree Renewable Technologies
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Waaree Renewable Technologies signs LoA with Sunsational Power
8th Jun 2026, 14:30 PM

The project is scheduled to be completed during the financial year 2026-27, as per the terms of the order
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Waaree Renewable secures 350MW/1400MWh BESS EPC contract from WFEPL
19th May 2026, 09:28 AM

The project is scheduled to be completed during the financial year 2026-27, as per the terms of the order
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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

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

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

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update: