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

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

9,170.95
22.00
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

9,002.17
0.11%
11.78

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

42.68
46.02
47.40

P:BV (Average)

8 Years
5 Years
3 Years

23.39
32.39
40.42

EV:EBITDA (Average)

8 Years
5 Years
3 Years

34.71
40.35
46.52

Earnings Forecasts:

(Updated: 21-02-2026)

Description 2024 2025 2026 2027
Adj EPS 22
P/E Ratio 39.90
Revenue 1597.75
EBITDA 310.9
Net Income 229.16
ROA 24.98
P/B Ratio 20.09
ROE 65.29
FCFF 197.99
FCFF Yield 2.18
Net Debt -166.18
BVPS 43.69

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 850.99 360.25 136.22% 774.72 524.42 47.73% 603.10 236.27 155.26% 476.52 273.24 74.40%
Expenses 692.25 288.38 140.05% 616.86 452.88 36.21% 485.54 195.02 148.97% 350.19 198.01 76.85%
EBITDA 158.75 71.87 120.88% 157.87 71.54 120.67% 117.56 41.26 184.92% 126.33 75.23 67.93%
EBIDTM 18.65% 19.95% 20.38% 13.64% 19.49% 17.46% 26.51% 27.53%
Other Income 6.63 3.86 71.76% 5.12 3.49 46.70% 4.93 2.84 73.59% 4.94 2.11 134.12%
Interest 3.42 3.35 2.09% 3.62 4.09 -11.49% 3.56 3.03 17.49% 4.38 3.54 23.73%
Depreciation 2.08 1.59 30.82% 2.15 1.56 37.82% 2.20 1.51 45.70% 1.60 1.69 -5.33%
PBT 159.88 70.79 125.85% 157.22 69.39 126.57% 116.72 39.56 195.05% 121.28 72.11 68.19%
Tax 38.19 17.24 121.52% 40.21 15.81 154.33% 30.18 11.10 171.89% 27.39 20.74 32.06%
PAT 121.69 53.55 127.25% 117.00 53.58 118.37% 86.54 28.46 204.08% 93.89 51.38 82.74%
PATM 14.30% 14.87% 15.10% 10.22% 14.35% 12.05% 19.70% 18.80%
EPS 11.67 5.13 127.49% 11.22 5.14 118.29% 8.30 2.73 204.03% 9.00 4.93 82.56%

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 851.06 360.35 136.18% 774.78 524.47 47.73% 603.19 236.36 155.20% 476.58 273.31 74.37%
Expenses 692.26 288.42 140.02% 616.84 452.90 36.20% 485.64 195.28 148.69% 350.25 198.02 76.88%
EBITDA 158.80 71.92 120.80% 157.94 71.57 120.68% 117.54 41.08 186.12% 126.33 75.30 67.77%
EBIDTM 18.66% 19.96% 20.39% 13.65% 19.49% 17.38% 26.51% 27.55%
Other Income 5.12 3.78 35.45% 4.43 3.40 30.29% 4.83 2.76 75.00% 4.86 2.04 138.24%
Interest 3.42 3.35 2.09% 3.62 4.09 -11.49% 3.56 3.03 17.49% 4.38 3.54 23.73%
Depreciation 2.11 1.62 30.25% 2.18 1.58 37.97% 2.24 1.54 45.45% 1.63 1.72 -5.23%
PBT 158.39 70.73 123.94% 156.56 69.30 125.92% 116.57 39.27 196.84% 121.17 72.08 68.10%
Tax 38.19 17.25 121.39% 40.22 15.78 154.88% 30.19 11.11 171.74% 27.40 20.76 31.98%
PAT 120.20 53.48 124.76% 116.34 53.52 117.38% 86.39 28.16 206.78% 93.77 51.31 82.75%
PATM 14.12% 14.84% 15.02% 10.20% 14.32% 11.92% 19.67% 18.78%
EPS 11.52 5.13 124.56% 11.16 5.14 117.12% 8.29 2.72 204.78% 9.00 4.93 82.56%

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 2,705.33 1,597.46 876.18 341.73 153.56 7.60 1.98 5.03 1.30 0.08 0.48 Net Sales Growth 94.04% 82.32% 156.40% 122.54% 1920.53% 283.84% -60.64% 286.92% 1525.00% -83.33% Cost Of Goods Sold -0.01 1,230.83 638.97 249.68 131.87 3.80 0.00 0.00 0.00 0.00 0.00 Gross Profit 2,705.34 366.63 237.21 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 2,144.84 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 560.51 310.99 206.90 75.98 13.23 2.75 0.05 2.49 -0.21 -0.48 0.13 EBITDA Margin 20.72% 19.47% 23.61% 22.23% 8.62% 36.18% 2.53% 49.50% -16.15% -600% 27.08% Other Income 21.62 15.13 4.46 5.18 14.35 3.69 3.11 0.79 0.74 0.45 0.00 Interest 14.98 14.84 6.77 1.18 1.47 3.62 3.38 2.20 0.08 0.00 0.00 Depreciation 8.03 6.25 5.99 0.18 0.16 0.16 0.16 0.16 0.04 0.00 0.00 PBT 555.10 305.04 198.60 79.81 25.95 2.66 -0.40 0.91 0.42 -0.04 0.13 Tax 135.97 71.54 53.12 20.40 5.55 0.32 -0.21 0.60 0.29 0.00 0.04 Tax Rate 24.49% 23.77% 26.75% 25.56% 21.39% 12.03% 52.50% 65.93% 69.05% 0.00% 30.77% PAT 419.12 229.49 145.48 59.41 20.40 2.34 -0.19 0.31 0.12 -0.03 0.09 PAT before Minority Interest 419.12 229.49 145.48 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 15.49% 14.37% 16.60% 17.39% 13.28% 30.79% -9.60% 6.16% 9.23% -37.50% 18.75% PAT Growth 124.16% 57.75% 144.87% 191.23% 771.79% - - 158.33% - - EPS 40.18 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 2,705.61 1,597.75 876.50 350.96 161.50 12.98 5.68 7.04 1.30 Net Sales Growth 94.02% 82.29% 149.74% 117.31% 1144.22% 128.52% -19.32% 441.54% Cost Of Goods Sold 0.00 1,230.83 638.97 249.68 127.87 3.79 0.00 0.00 0.00 Gross Profit 2,705.61 366.92 237.54 101.28 33.63 9.18 5.68 7.04 1.30 GP Margin 100.00% 22.96% 27.10% 28.86% 20.82% 70.72% 100% 100% 100% Total Expenditure 2,144.99 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 560.61 310.90 207.18 83.75 23.51 6.99 0.38 3.18 -0.23 EBITDA Margin 20.72% 19.46% 23.64% 23.86% 14.56% 53.85% 6.69% 45.17% -17.69% Other Income 19.24 14.80 4.15 1.53 8.32 2.44 1.69 0.55 0.73 Interest 14.98 14.84 6.77 5.30 6.94 4.34 3.48 2.15 0.08 Depreciation 8.16 6.37 6.12 2.95 3.67 1.69 1.11 0.75 0.04 PBT 552.69 304.49 198.45 77.01 21.22 3.40 -2.52 0.82 0.39 Tax 136.00 71.55 53.24 21.68 12.32 5.77 0.66 2.74 0.29 Tax Rate 24.61% 23.81% 26.83% 28.15% 58.06% 169.71% -26.19% 334.15% 74.36% PAT 416.70 229.16 145.31 55.42 8.60 -3.75 -3.18 -1.91 0.09 PAT before Minority Interest 416.78 228.92 145.22 55.33 8.89 -2.37 -3.18 -1.91 0.09 Minority Interest 0.08 0.24 0.09 0.09 -0.29 -1.38 0.00 0.00 0.00 PAT Margin 15.40% 14.34% 16.58% 15.79% 5.33% -28.89% -55.99% -27.13% 6.92% PAT Growth 123.47% 57.70% 162.20% 544.42% - - - - EPS 39.95 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 to acquire 55% stake in APSL
27th Jan 2026, 10:11 AM

The said investment is part of WRTL’s strategic initiative to expand its presence and strengthen its capabilities across the renewable energy and energy efficiency ecosystem
Read More
Waaree Renewable signs EPC contract worth Rs 37.96 crore
20th Jan 2026, 09:30 AM

The project is scheduled to be completed during the financial year 2026-27
Read More
Waaree Renewable wins LoA worth Rs 102.75 crore
14th Jan 2026, 12:59 PM

The order is for the execution of EPC works of Ground Mount Solar Power Project of 25MWac/35MWp on a turnkey basis along with Evacuation Infrastructure of 50MW
Read More
Waaree Renewable Technologies bags LoA worth Rs 96.51 crore
31st Dec 2025, 15:41 PM

The project is scheduled to be completed during the financial year 2026-27, as per the terms of the order
Read More
Waaree Renewable Technologies’ arm executes PPA for 300 MW solar power project
17th Dec 2025, 16:00 PM

The PPA has been signed with a leading global tech giant with significant and growing energy requirements in India
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Waaree Renewable Technologies Ltd.

Engineering - Construction

BSE: 534618 | NSE: WAAREERTL

Stock Summary

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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: