Waaree Renewable Technologies Ltd
Waaree Renewable Technologies Ltd (WAAREERTL) last reported results for the quarter ended Jun 2026, with sales of ₹924 crore and net profit of ₹119 crore. The stock last traded at ₹819, a market capitalisation of ₹8,548 crore, on a P/E of 16.8. Over the past 52 weeks the stock has ranged between ₹780 and ₹1,358. Figures are as of 6 Oct 2026 and are not real time.
Waaree Renewable Technologies Ltd share price and key metrics
- Current price
- ₹819
- Market cap
- ₹8,548 cr
- Stock P/E
- 16.8
- Book value
- ₹89.5
- ROE
- 68.3%
- ROCE
- 83.2%
- Dividend yield
- 0.00%
- 52w high / low
- 1358/780
Metrics as of 6 Oct 2026. Not real time.
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Waaree Renewable Technologies Ltd growth and returns
- 10 Years
- %
- 5 Years
- 203%
- 3 Years
- 112%
- TTM
- 86%
- 10 Years
- %
- 5 Years
- 190%
- 3 Years
- 105%
- TTM
- 75%
- 10 Years
- 64%
- 5 Years
- 86%
- 3 Years
- 43%
- 1 Year
- -22%
- 10 Years
- %
- 5 Years
- 71%
- 3 Years
- 70%
- Last Year
- 68%
Waaree Renewable Technologies Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹924 cr, up 53.2% from ₹603 cr a year earlier. Net profit was ₹119 cr, up 38.4% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 524 | 360 | 477 | 603 | 775 | 851 | 1,102 | 924 |
| Expenses | 453 | 288 | 350 | 486 | 617 | 692 | 896 | 751 |
| Operating profit | 72 | 72 | 126 | 118 | 158 | 159 | 207 | 173 |
| OPM % | 14% | 20% | 27% | 19% | 20% | 19% | 19% | 19% |
| Other income | 3 | 4 | 1 | 5 | 4 | 5 | 6 | 5 |
| Interest | 4 | 3 | 4 | 4 | 4 | 3 | 3 | 10 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 6 |
| Profit before tax | 69 | 71 | 121 | 117 | 157 | 158 | 208 | 163 |
| Tax % | 23% | 24% | 23% | 26% | 26% | 24% | 25% | 27% |
| Net profit | 54 | 53 | 94 | 86 | 116 | 120 | 156 | 119 |
| EPS (₹) | 5.14 | 5.13 | 9.00 | 8.29 | 11.16 | 11.52 | 14.93 | 11.11 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Waaree Renewable Technologies Ltd annual results
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 7 | 6 | 13 | 162 | 351 | 876 | 1,598 | 3,331 | 3,652 |
| Operating profit | 0 | 3 | 1 | 7 | 24 | 84 | 207 | 311 | 641 | 697 |
| OPM % | 25% | 45% | 15% | 54% | 15% | 24% | 24% | 19% | 19% | 19% |
| Net profit | 0 | -2 | -3 | -2 | 9 | 55 | 145 | 229 | 479 | 511 |
| EPS (₹) | 0.02 | -0.38 | -0.31 | -0.23 | 0.83 | 5.32 | 13.95 | 21.98 | 45.88 | 48.72 |
TTM is the trailing twelve months to the most recent quarter.
Waaree Renewable Technologies Ltd balance sheet
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 10 | 10 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 0 | -1 | 5 | 1 | 9 | 64 | 226 | 435 | 913 |
| Borrowings | 0 | 37 | 40 | 117 | 42 | 39 | 40 | 27 | 146 |
| Other liabilities | 5 | 48 | 56 | 62 | 96 | 159 | 427 | 637 | 1,294 |
| Total liabilities | 16 | 95 | 122 | 202 | 168 | 283 | 714 | 1,120 | 2,374 |
| Fixed assets | 4 | 32 | 30 | 155 | 73 | 74 | 157 | 198 | 272 |
| CWIP | 4 | 3 | 41 | 2 | 1 | 80 | 3 | 56 | 178 |
| Investments | 0 | 0 | 0 | 30 | 1 | 0 | 9 | 52 | 31 |
| Other assets | 8 | 59 | 50 | 16 | 93 | 128 | 545 | 814 | 1,893 |
| Total assets | 16 | 95 | 122 | 202 | 168 | 283 | 714 | 1,120 | 2,374 |
As reported by the company. Total assets equal total liabilities by construction.
Waaree Renewable Technologies Ltd cash flow
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 0 | -7 | 51 | -2 | 43 | 65 | 128 | 303 | 287 |
| Cash from investing | 0 | -28 | -38 | -105 | 9 | -66 | -114 | -237 | -264 |
| Cash from financing | 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 / operating profit | 0% | -202% | 5,820% | -33% | 196% | 84% | 74% | 120% | 66% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Waaree Renewable Technologies Ltd operating ratios
| Per year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 7% | 2% | 6% | 23% | 84% | 100% | 82% | 83% |
| 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 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Waaree Renewable Technologies Ltd shareholding pattern
Promoters held 74.32% at Jun 2026, broadly unchanged since Jun 2025. FIIs 1.98% and DIIs 0.09%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.44% | 74.39% | 74.39% | 74.39% | 74.39% | 74.32% | 74.32% | 74.32% |
| FIIs | 0.98% | 0.99% | 1.13% | 1.31% | 1.38% | 1.70% | 1.85% | 1.98% |
| DIIs | 0.00% | 0.01% | 0.24% | 0.14% | 0.12% | 0.14% | 0.09% | 0.09% |
| Public | 24.58% | 24.60% | 24.25% | 24.16% | 24.12% | 23.85% | 23.73% | 23.61% |
| No. of shareholders | 2,20,702 | 2,84,189 | 3,23,258 | 3,16,520 | 3,13,409 | 3,10,109 | 3,08,307 | 3,06,445 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Waaree Renewable Technologies Ltd corporate filings
- Waaree Renewable Technologies Limited receives LOA from PSU for 5 MWp Solar EPC project, signaling strategic expansion into renewable energy segmentCompany Updatehigh impact
Cruxal's analysis: Waaree Renewable Technologies Limited has secured a Letter of Acceptance (LOA) from a…
Read the full analysis - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Company Updatelow impact
Cruxal's analysis: Please find attached herewith disclosure for Regulation 74(5) of DP regulations for…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
Cruxal's analysis: Please find attached herewith intimation of trading window closure.
Read the full analysis - Waaree Renewable Technologies Limited Announces INR 14.79 Crore Scope Enhancement for Existing 2,012.47 MWp Solar EPC ProjectCompany Updatemedium impact
Cruxal's analysis: Waaree Renewable Technologies Limited has disclosed a revision to the scope of an…
Read the full analysis - Waaree Renewable Technologies Limited concludes 27th AGM; shareholders approve financial statements and material related party transactionsAGM/EGMlow impact
Cruxal's analysis: Waaree Renewable Technologies Limited has successfully concluded its 27th Annual General…
Read the full analysis - Waaree Renewable Technologies Limited Concludes 27th AGM; Shareholders Approve Loan-to-Equity Conversion and Material Related Party TransactionsAGM/EGMmedium impact
Cruxal's analysis: Waaree Renewable Technologies Limited has successfully concluded its 27th Annual General…
Read the full analysis - Waaree Renewable Technologies schedules investor meet for September 24, 2026Company Updatelow impact
Cruxal's analysis: Waaree Renewable Technologies has announced an investor meeting scheduled for September…
Read the full analysis - Waaree Renewable Technologies Ltd announces intimation of investor meetCompany Updatelow impact
Cruxal's analysis: Waaree Renewable Technologies Ltd has filed an intimation regarding an upcoming investor…
Read the full analysis - Waaree Renewable Technologies Ltd incorporates new step-down wholly owned subsidiaryCompany Updatelow impact
Cruxal's analysis: Waaree Renewable Technologies Ltd has announced the incorporation of a new step-down…
Read the full analysis - Waaree Renewable Technologies incorporates new step-down wholly owned subsidiaryCompany Updatelow impact
Cruxal's analysis: Waaree Renewable Technologies Ltd has announced the incorporation of a new step-down…
Read the full analysis - Waaree Renewable Technologies Ltd announces newspaper publication for 27th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Waaree Renewable Technologies Ltd has filed a disclosure regarding the publication of…
Read the full analysis - Waaree Renewable Technologies Ltd issues notice to shareholders with unregistered email IDsCompany Updatelow impact
Cruxal's analysis: Waaree Renewable Technologies Ltd has issued a formal communication to shareholders whose…
Read the full analysis - Waaree Renewable Technologies Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Waaree Renewable Technologies Ltd has submitted its Business Responsibility and…
Read the full analysis - Waaree Renewable Technologies Limited Announces 27th AGM and Seeks Approval for Material Related Party Transactions and Loan-to-Equity ConversionAGM/EGMmedium impact
Cruxal's analysis: Waaree Renewable Technologies Limited has scheduled its 27th Annual General Meeting for…
Read the full analysis - Waaree Renewable Technologies Ltd releases Annual Report for the financial year 2025-26Otherslow impact
Cruxal's analysis: Waaree Renewable Technologies Ltd has filed its Annual Report for the fiscal year…
Read the full analysis - Waaree Renewable Technologies Ltd: Newspaper Publication of Financial ResultsCompany Updatelow impact
Cruxal's analysis: Waaree Renewable Technologies Ltd has fulfilled its regulatory obligation under…
Read the full analysis - Waaree Renewable Technologies Limited secures major EPC contract for 291 MWp Solar PV and 280 MWh BESS projectCompany Updatehigh impact
Cruxal's analysis: Waaree Renewable Technologies Limited has received a Letter of Award for the Engineering…
Read the full analysis - Waaree Renewable Technologies Limited schedules 27th Annual General Meeting for September 23, 2026AGM/EGMlow impact
Cruxal's analysis: Waaree Renewable Technologies Limited has formally intimated the stock exchanges…
Read the full analysis - Waaree Renewable Technologies Ltd announces divestment of a wholly owned subsidiaryCompany Updatelow impact
Cruxal's analysis: Waaree Renewable Technologies Ltd has disclosed the sale of a wholly owned subsidiary…
Read the full analysis - Waaree Renewable Technologies to divest subsidiary Waaree Green Data Centers to promoter Waaree EnergiesOtherslow impact
Cruxal's analysis: Waaree Renewable Technologies Limited has announced the divestment of its entire…
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