Waa Solar Limited

BSE: WAA541445ISIN INE799N01012

Utilities
Power Generation

Share price

₹41.00+0.16 (+0.39%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹78.70
52W low: ₹39.01
Off 52W high: -47.90%
1M return: -4.38%
3M return: -10.87%
6M return: -39.44%
1Y return: -35.20%
20D avg volume: 5,400
50 DMA: ₹44.87
200 DMA: ₹50.91

Key ratios Consolidated

Market cap: ₹54.39 Cr
Current price: ₹41.00
52W high / low: ₹78.70 / ₹39.01
Face value: ₹10.00
P/E: —
P/B: —
EPS (TTM): —
Book value / share: —
ROE: —
ROCE: 3.30%
Operating margin: —
Net margin: —
Debt / equity: —
Net debt: —
Interest cover: 1.02
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: -485.2 days

Financials

Metric	FY26	FY25	FY24
Income statement
	27.77	28.25	26.69
	2.71	2.60	0.66
	30.48	30.85	27.35
	30.28	26.91	21.50
	4.14	3.62	1.68
	0.00	0.00	—
	1.98	1.85	2.06
	11.12	5.09	4.01
	6.88	3.92	8.98
	6.54	9.81	3.12
	—	3.94	5.85
	—	0.00	0.00
	0.20	3.94	5.85
	0.58	0.04	1.31
	-0.38	3.90	4.54
	0.49	5.26	—
Key metrics
	18.20	12.95	18.84
	65.50%	45.80%	70.60%
	-1.40%	13.80%	17.00%
	3.30%	2.90%	—
	-1.70%	5.80%	—
	-109.70%	-14.10%	—
	-20.78	-83.66	—
	-177.50	-1.17	—
	-485.2	190.7	—
Balance sheet
	412.00	333.28	—
	114.12	116.40	—
	42.95	38.10	—
	11.81	16.67	—
	0.36	0.00	—
	18.05	20.72	—
	181.30	98.45	—
	49.08	1.91	—
	70.74	24.38	—
Cash flow
	67.45	-4.55	—
	-87.34	-62.95	—
	24.75	86.34	—
	88.23	79.11	—

Metric	FY26	FY25	FY24
Income statement
	27.17	27.65	26.08
	2.71	2.60	0.66
	29.89	30.25	26.74
	29.78	29.01	21.05
	4.14	3.62	1.68
	0.00	0.00	—
	1.81	1.66	1.90
	11.00	4.93	3.92
	6.69	3.74	8.79
	6.51	12.45	3.10
	0.10	1.24	5.69
	0.10	1.24	5.69
	0.57	0.03	1.28
	-0.46	1.22	4.40
	-0.35	0.92	—
Key metrics
	17.79	9.91	18.40
	65.50%	35.80%	70.60%
	-1.70%	4.40%	16.90%
	3.50%	2.20%	—
	-1.70%	6.00%	—
	-137.70%	-72.30%	—
	-22.86	-82.70	—
	-142.11	-2.94	—
	-645.3	21.0	—
Balance sheet
	386.16	305.26	—
	76.75	89.09	—
	42.32	37.56	—
	0.67	3.48	—
	0.36	0.00	—
	16.94	19.98	—
	177.87	94.83	—
	49.06	1.89	—
	70.39	24.04	—
Cash flow
	65.37	-3.59	—
	-85.71	-51.50	—
	25.10	74.13	—
	88.23	79.11	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 67.87%

Holder	Type	Holding	Previous	Change
MADHAV POWER PRIVATE LIMITED	Promoter	52.90%	—	—
ARMAAN AMIT TRUST (IN THE NAME OF TRUSTEE ASHOK M. KHURANA)	Promoter Group	11.23%	—	—
AMIT ASHOK KHURANA	Promoter Group	3.58%	—	—
MADHAV ASHOK TRUST (IN THE NAME OF TRUSTEE ASHOK M. KHURANA)	Promoter Group	0.08%	—	—
ASHOK MADHAVDAS KHURANA	Promoter Group	0.07%	—	—
MANJU ASHOK KHURANA	Promoter Group	0.01%	—	—
NEELAKSHI AMIT KHURANA	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
NTPC Limited	3,11,942	321.70	10.24	8.60%	+7.39% TTM	+24.83% TTM	-2.72%
Adani Green Energy Limited	2,27,492	1,381.10	101.15	6.50%	+20.93% TTM	-3.27% TTM	+27.18%
JSW Energy Limited	93,306	508.90	33.61	7.50%	+26.38% TTM	+24.37% TTM	-3.57%
NHPC Limited	78,803	78.45	18.47	4.10%	+12.02% TTM	+23.69% TTM	-6.72%
NTPC GREEN ENERGY LIMITED	70,335	83.47	107.08	2.90%	+49.22% TTM	+8.45% TTM	-16.90%
NLC India Limited	34,444	248.40	10.23	7.70%	+16.51% TTM	+45.49% TTM	-5.23%
ACME Solar Holdings Limited	29,745	420.80	39.35	7.10%	+53.70% TTM	+57.50% TTM	+53.60%
SJVN LIMITED	22,026	56.05	22.27	5.90%	+98.93% TTM	+77.73% TTM	-35.83%
NAVA LIMITED	14,821	523.10	15.24	11.10%	+8.98% TTM	-29.91% TTM	-13.93%
Clean Max Enviro Energy Solutions Limited	14,670	1,247.35	78.18	5.10%	—	—	—
Juniper Green Energy Limited	14,495	254.75	—	—	—	—	—
Vedanta Power Limited	13,991	35.78	—	—	—	—	—
Jaiprakash Power Ventures Limited	9,444	13.78	19.17	6.80%	+5.95% TTM	-33.67% TTM	-23.15%
Reliance Power Limited	7,618	18.42	-24.04	4.90%	+2.87% TTM	-110.25% TTM	-54.76%
GMR Power and Urban Infra Limited	7,362	94.26	-47.42	18.30%	+4.38% TTM	-118.75% TTM	-23.24%
KPI Green Energy Limited	5,854	296.15	11.89	11.10%	+40.01% TTM	+32.95% TTM	-44.35%
RattanIndia Power Limited	3,507	6.53	19.34	6.30%	-4.08% TTM	+111.80% TTM	-39.59%
Gujarat Industries Power Co. Ltd S	2,638	169.95	5.25	4.20%	+23.78% TTM	+150.02% TTM	-4.87%
Ujaas Energy Limited S	2,442	183.05	373.57	5.60%	-26.01% TTM	-3.52% TTM	+45.22%
INSOLATION ENERGY LIMITED	1,609	72.98	—	19.20%	—	—	-59.77%
K.P. Energy Limited	1,138	167.90	6.25	32.80%	+74.28% TTM	+48.57% TTM	-63.41%
Orient Green Power Company Limited	1,035	8.82	15.47	8.10%	-0.14% TTM	+16.17% TTM	-36.91%
GVK Power & Infrastructure Ltd	324	2.05	-55.06	-1,357.80%	-100.00% TTM	+99.25% TTM	-38.25%
Surana Telecom And Power Limited	206	15.18	6.81	11.50%	+140.45% TTM	+35.38% TTM	-28.97%
WAAREE TECHNOLOGIES LIMITED S	196	182.30	-46.98	-62.90%	—	—	-29.65%
Waa Solar Limited	54	41.00	—	3.30%	—	—	-35.20%

Filings & corporate actions

Recent announcements

INVESTOR PRESENTATION FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026.30 Oct 2026 · Company Update / Investor Presentation
Declaration of Consolidated & Standalone Unaudited Financial Results for the Half year ended on September 30, 2026.30 Oct 2026 · Result / Financial Results
The Board in its Meeting held today i.e., Friday, 30.10.2026, Considered & approval of Unaudited standalone & Consolidated Financial Results along with Limited Review Report for the Half ....30 Oct 2026 · Board Meeting / Outcome of Board Meeting
Waa Solar Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve the Standalone and Consolidated ....23 Oct 2026 · Board Meeting / Board Meeting
Compliance Certificate for the Quarter ended on September 30, 2016, pursuant to Regulation 74(5) of the SEBI (DP) Regulations, 2018.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to Regulation 44 of the SEBI (LODR) Regulations, 2015, Submission of the Voting Results and Scrutinizer''s Report for the 17th AGM of the Company, held on Wednesday, September 30, 2026.2 Oct 2026 · AGM/EGM / AGM
Intimation of Proceedings of the Annual General Meeting (AGM) of the Company held today i.e., on Wednesday, September 30, 2026.30 Sep 2026 · AGM/EGM / AGM
Intimation of Outcome of the Annual General Meeting (AGM) held today i.e., on Wednesday, September 30, 2026.30 Sep 2026 · AGM/EGM / AGM
Intimation of Closure of Trading Window under the SEBI (Prohibition of Insider Trading) Regulations, 2015, for the hlaf year ended on Septmber 30, 2026.25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of the 17th Notice of AGM in the Newspaper Publication, attached herewith.9 Sep 2026 · Company Update / Newspaper Publication
SUBMISSION OF THE ANNUAL REPORT OF THE COMMPANY FOR THE F.Y. 2025-26.8 Sep 2026 · Others / Reg. 34 (1) Annual Report
INTIMATION OF THE NOTICE ALONG WITH AN EXPLANATORY STATEMEBNT THEREOF, OF THE 17TH AGM OF THE COMPANY, SCHEDULED TO BE HELD ON 30.09.2026, AT 04.00 P.M. (IST)8 Sep 2026 · AGM/EGM / AGM
Intimation of the dates of the Book Closure and Cut-off for the Annual General Meeting of the Company, scheduled to be held on Wednesday, September 30, 2026, at 04:00 P.M. (IST).8 Sep 2026 · Corp. Action / Book Closure
Intimation of the date of Annual General Meeting scheduled to be held on Wednesday, September 30, 2026 at 04:00 P.M. (IST).8 Sep 2026 · AGM/EGM / AGM
Board Meeting Outcome for Intimation Of Date Of Annual General Meeting Along With E-Voting Period, Cut-Off And Book Closure Dates.8 Sep 2026 · Others / Outcome without intimation
INTIMATION OF CREDIT RATING RECEIVED UNDER REGULATION 30 OF THE SEBI (LODR) REGULATIONS, 2015.14 Jul 2026 · Company Update / Credit Rating
Compliance Certificate for the Quarter ended on June 30, 2026, pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, attached herewith.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to Reg. 24A of SEBI (LODR) Regulations, 2015, Annual Secretarial Compliance Report for the F.Y. 2025-26, is attached herewith.30 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Re-appointment of Internal Auditors & Cost Auditors for the F.Y. 2026-27, is attached herewith.19 May 2026 · Company Update / Change in Management
Pursuant the SEBI (LODR) Regulations, 2015, Declaration of Standalone and Consolidated Audited Financial Results along with Auditor''s report, and declaration of unmodified opinion on auditor''s ....19 May 2026 · Result / Financial Results
Outcome of Board Meeting, for Board Meeting held today i.e., May 19, 2026, is attached herewith.19 May 2026 · Board Meeting / Outcome of Board Meeting
Waa Solar Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/05/2026 ,inter alia, to consider and approve the Standalone and Consolidated Audited ....11 May 2026 · Board Meeting / Board Meeting
Intimation of addition/change in Designated E-mail ID and adoption of New Logo of the Company, is attached herewith.28 Apr 2026 · Company Update / General
Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015, attached herewith.28 Apr 2026 · Company Update / General
Intimation for change of website of the Company, is attached herewith.24 Apr 2026 · Company Update / General
Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015, for Execution of Multiple Power Purchase Agreements, is attached herewith.23 Apr 2026 · Company Update / General
Find the attached herewith, Compliance Certificate under Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018, for the Quarter ended on March 31, 2026.14 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window under SEBI (Prohibition of Insider Trading) Regulations, 2015 for the Half Year and Year ended on March 31, 2026.27 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015, for Change in Management of the Company.24 Feb 2026 · Company Update / Change in Management
Intimation of Outcome of Board Meeting Held today i.e., 24.02.2026, for Change in Management.24 Feb 2026 · Others / Outcome without intimation
Regularisation of appointment of Mr. Prashant Kumar Gupta (DIN: 11377977) as a Non-Executive Independent Director.19 Feb 2026 · Company Update / Change in Management
Please find the attached herewith Scrutinizer''s Report for the Postal Ballot.19 Feb 2026 · AGM/EGM / Postal Ballot
Please find the attached herewith Outcome and Voting Results of Postal Ballot.19 Feb 2026 · AGM/EGM / Postal Ballot
Intimation of Newspaper Publication for Postal Ballot notice, is attached herewith.20 Jan 2026 · Company Update / Newspaper Publication
Intimation of Notice of Postal Ballot, enclosed herewith.19 Jan 2026 · AGM/EGM / Postal Ballot
Certificate under Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018, for the Quarter ended on December 31, 2025, is attached herewith.13 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We wish to inform you that the Company has Incorporated its Wholly Owned Subsidiaries as attached herewith.8 Jan 2026 · Company Update / General
The Company has received Multiple Letter of Awards from M. P. Urja Vikas Nigam Limited (MPUVNL), (a Govt. of MP Enterprise).29 Dec 2025 · Company Update / General
Intimation of Appointment of Mr. Prashant Kumar Gupta as Non-Executive Independent Director of the Company w.e.f. November 12, 2025.12 Nov 2025 · Company Update / Change in Management
Unaudited Financial Results for the half year ended on September 30, 2025.12 Nov 2025 · Result / Financial Results

Board meetings

30 Oct 2026 Board Meeting - Financial Results