WAAREE RENEWABLE TECHNOLOGIES LIMITED

BSE: WAAREERTL534618ISIN INE299N01021

Industrials
Other Electrical Equipment
BSE 1000

BSE listing

Share price

₹820.10+9.45 (+1.17%)

as of 18 Sep 2026

52W high: ₹1,358.50
52W low: ₹780.00
Off 52W high: -39.63%
1M return: -6.89%
3M return: -16.93%
6M return: -3.51%
1Y return: -25.09%
20D avg volume: 15,436
50 DMA: ₹902.46
200 DMA: ₹933.12

Key ratios Consolidated

Market cap: ₹8,560 Cr
Current price: ₹820.10
52W high / low: ₹1,358.50 / ₹780.00
Face value: ₹2.00
P/E: 16.74
P/B: —
EPS (TTM): ₹48.99
Book value / share: —
ROE: —
ROCE: 62.50%
Operating margin: —
Net margin: —
Debt / equity: 0.09
Net debt: ₹9.85 Cr
Interest cover: 49.13
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 56.6 days

About

In plain English

Waaree Renewable Technologies Ltd is a company involved in the renewable energy sector, likely focused on solar power. Based on the available information, it appears to secure contracts for renewable energy projects. For example, the company has announced multiple 'Award of Order' filings, indicating it wins bids to build or supply components for solar installations. However, specific products or customer types are not described in the material provided. The company operates in India, as suggested by its BSE filings. It makes money by executing these project orders, though the exact nature of its revenue is unclear from the thin evidence.

AI-generated summary, written from the company's own filings and disclosures. Every figure elsewhere on this page comes from exchange data, not from a model. See our editorial standards. Generated 23 Jul 2026.

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	924.25	1,102	851.06	774.78	603.19	476.58	360.35	524.47	236.35	273.25	324.19	150.06
	5.28	6.05	5.12	4.43	4.83	4.86	3.78	3.40	2.76	1.34	0.49	0.88
	766.13	900.36	697.80	622.64	491.44	356.25	293.39	458.57	199.84	203.04	238.12	125.82
	705.73	870.82	673.01	591.65	470.02	334.96	275.93	442.46	185.45	190.04	229.30	116.74
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	16.04	12.78	13.64	13.19	9.35	7.50	7.92	7.54	6.59	4.96	4.81	4.37
	9.59	2.68	3.42	3.62	3.56	4.38	3.35	4.09	3.03	3.54	0.08	2.43
	5.78	2.09	2.11	2.18	2.23	1.63	1.62	1.58	1.54	1.55	1.67	1.41
	15.11	11.98	5.61	11.99	6.27	7.79	4.57	2.89	3.24	—	2.28	0.86
	163.39	208.09	158.39	156.56	116.57	125.18	70.73	69.30	39.27	71.54	86.55	25.12
	0.00	0.00	0.00	0.00	0.00	-4.02	0.00	0.00	0.00	0.00	0.00	0.00
	163.39	208.09	158.39	156.56	116.57	121.17	70.73	69.30	39.27	71.54	86.55	25.12
	44.41	52.38	38.19	40.22	30.18	27.40	17.25	15.78	11.11	17.36	22.10	6.83
	118.98	155.71	120.19	116.34	86.39	93.77	53.48	53.52	28.16	54.19	64.46	18.29
	11.11	14.96	11.50	11.16	8.29	9.00	5.14	5.14	2.72	5.20	30.97	8.80
Key metrics
	178.76	212.86	163.92	162.36	122.36	127.18	75.70	74.97	43.84	76.63	88.30	28.96
	19.30%	19.30%	19.30%	21.00%	20.30%	26.70%	21.00%	14.30%	18.50%	28.00%	27.20%	19.30%
	12.90%	14.10%	14.10%	15.00%	14.30%	19.70%	14.80%	10.20%	11.90%	19.80%	19.90%	12.20%
	—	20.20%	—	21.00%	—	24.80%	—	—	—	—	—	—
	53.20%	131.30%	136.20%	47.70%	155.20%	74.40%	11.20%	249.50%	—	—	—	—
	37.70%	66.10%	124.70%	117.40%	206.80%	73.00%	-17.00%	192.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	3,652	3,331	1,598	876.44	350.96	161.50	12.98	5.66	7.04	1.56
	20.88	20.43	14.80	3.45	1.53	8.32	2.44	1.71	0.55	0.48
	2,987	2,712	1,308	681.48	275.47	148.60	12.02	9.89	6.76	1.65
	2,841	2,606	1,239	644.90	252.96	123.81	—	—	—	—
	0.00	0.00	0.00	—	—	5.54	4.26	—	—	—
	55.65	48.96	29.56	17.30	9.78	5.60	0.66	1.03	1.54	1.06
	19.31	13.29	14.84	6.77	5.30	6.94	4.34	3.48	2.15	0.08
	12.16	8.62	6.37	5.46	2.95	3.67	1.69	1.11	0.75	—
	44.69	35.85	18.49	—	4.47	3.04	1.53	4.27	2.32	0.47
	686.43	639.61	304.49	198.41	77.01	21.22	3.40	-2.52	0.82	0.39
	0.00	0.00	-4.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	686.43	639.61	300.48	198.41	77.01	21.22	3.40	-2.52	0.82	0.39
	175.20	160.97	71.55	50.37	21.68	12.32	5.77	0.66	2.73	0.29
	511.22	478.64	228.93	148.04	55.33	8.89	-2.37	-3.17	-1.91	0.09
	48.73	45.91	22.00	14.22	26.63	4.13	-1.13	-1.54	-1.86	—
Key metrics
	717.90	661.52	321.69	210.64	85.26	31.83	9.43	2.07	3.72	0.47
	19.66%	19.90%	20.10%	24.00%	24.30%	19.70%	72.70%	36.60%	52.80%	30.10%
	14.00%	14.40%	14.30%	16.90%	15.80%	5.50%	-18.30%	-56.00%	-27.10%	5.80%
	—	62.50%	62.20%	—	—	—	—	—	—	—
	—	108.50%	82.30%	149.70%	117.30%	1,144.20%	129.30%	-19.60%	351.30%	—
	—	109.10%	54.60%	167.60%	522.40%	475.10%	25.20%	-66.00%	-2,222.20%	—
	—	164.45	201.29	—	—	—	—	—	—	—
	—	0.60	1.32	—	—	—	—	—	—	—
	—	0.09	0.06	—	—	—	—	—	—	—
	—	9.85	0.58	—	—	—	—	—	—	—
	—	56.6	61.7	—	—	—	—	—	—	—
Balance sheet
	—	2,374	1,120	—	—	—	—	—	—	—
	—	1,790	811.51	—	—	—	—	—	—	—
	—	71.82	26.79	—	—	—	—	—	—	—
	—	1,172	497.75	—	—	—	—	—	—	—
	—	116.76	6.45	—	—	—	—	—	—	—
	—	112.54	52.80	—	—	—	—	—	—	—
	—	269.36	195.13	—	—	—	—	—	—	—
	—	771.77	234.33	—	—	—	—	—	—	—
	—	1,329	612.94	—	—	—	—	—	—	—
	—	81.67	27.37	—	—	—	—	—	—	—
	—	63.19	3.19	—	—	—	—	—	—	—
	—	18.48	24.18	—	—	—	—	—	—	—
	—	933.83	454.95	—	—	—	—	—	—	—
Cash flow
	—	286.95	302.70	—	—	—	—	—	—	—
	—	-264.48	-236.93	—	—	—	—	—	—	—
	—	22.55	-48.57	—	—	—	—	—	—	—
	—	122.50	101.41	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	811.34	1,102	850.99	774.72	603.10	476.52	360.25	524.42	236.27	270.54	322.31	147.50
	6.91	7.65	6.63	5.12	4.93	4.94	3.86	3.49	2.84	2.40	1.64	2.00
	661.51	900.31	697.75	622.63	491.31	356.17	293.32	458.52	199.55	201.43	236.41	124.21
	628.66	870.82	673.01	591.65	470.02	334.96	275.93	442.47	185.45	190.04	229.30	116.74
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	13.76	12.78	13.64	13.07	9.35	7.50	7.92	7.54	6.59	4.97	4.81	4.37
	7.37	2.68	3.42	3.62	3.56	4.38	3.35	4.09	3.03	2.81	0.69	1.65
	2.29	2.06	2.08	2.15	2.20	1.60	1.59	1.56	1.51	0.84	0.90	0.71
	9.44	11.96	5.60	12.13	6.17	7.73	4.53	2.87	2.98	2.77	2.09	0.74
	156.74	209.69	159.88	157.22	116.72	125.29	70.80	69.39	39.56	71.51	87.54	25.28
	0.00	0.00	0.00	0.00	0.00	-4.02	—	—	—	—	—	—
	156.74	209.69	159.88	157.22	116.72	121.28	70.80	69.39	39.56	71.51	87.54	25.28
	42.26	52.37	38.19	40.21	30.18	27.39	17.24	15.81	11.10	18.72	21.93	6.70
	114.49	157.31	121.69	117.00	86.54	93.89	53.55	53.58	28.46	52.79	65.61	18.58
	10.97	15.11	11.64	11.23	8.30	9.01	5.14	5.14	2.73	5.07	31.51	8.92
Key metrics
	166.40	214.43	165.38	162.99	122.48	127.26	75.74	75.04	44.10	75.16	89.13	27.64
	20.50%	19.50%	19.40%	21.00%	20.30%	26.70%	21.00%	14.30%	18.70%	27.80%	27.70%	18.70%
	14.10%	14.30%	14.30%	15.10%	14.30%	19.70%	14.90%	10.20%	12.00%	19.50%	20.40%	12.60%
	—	20.70%	—	21.80%	—	24.70%	—	—	—	—	—	—
	34.50%	131.30%	136.20%	47.70%	155.30%	76.10%	11.80%	255.50%	—	—	—	—
	32.30%	67.50%	127.20%	118.40%	204.10%	77.90%	-18.40%	188.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	3,539	3,331	1,597	867.36	341.73	153.56	7.60	1.98	5.03	1.56
	26.31	24.34	15.13	7.83	5.18	14.35	3.69	3.10	0.79	0.48
	2,882	2,712	1,308	674.90	267.11	141.96	8.63	5.48	4.91	1.62
	2,764	2,606	1,239	644.90	252.96	127.81	—	—	—	—
	0.00	0.00	0.00	—	—	5.54	4.26	—	—	—
	53.25	48.83	29.56	17.30	9.78	5.60	0.66	1.03	1.54	1.06
	17.09	13.29	14.84	3.86	1.18	1.47	3.62	3.38	2.20	0.08
	8.58	8.50	6.25	2.58	0.18	0.16	0.16	0.16	0.16	0.04
	39.13	35.86	18.11	6.26	3.01	1.38	0.39	0.90	1.00	0.45
	683.53	643.50	305.04	200.29	79.81	25.95	2.66	-0.40	0.91	0.42
	0.00	0.00	-4.02	—	—	—	—	—	—	—
	683.53	643.50	301.02	200.29	79.81	25.95	2.66	-0.40	0.91	0.42
	173.03	160.95	71.54	51.35	20.40	5.55	0.32	0.21	0.60	0.29
	510.49	482.55	229.49	148.94	59.41	20.40	2.34	-0.19	0.31	0.12
	48.95	46.28	22.03	14.30	28.54	9.80	1.13	-0.09	0.37	—
Key metrics
	709.20	665.29	322.11	206.73	81.17	27.58	6.44	3.14	3.27	0.54
	20.04%	20.00%	20.20%	23.80%	23.80%	18.00%	84.70%	158.60%	65.00%	34.60%
	14.42%	14.50%	14.40%	17.20%	17.40%	13.30%	30.80%	-9.60%	6.20%	7.70%
	—	64.10%	62.10%	—	—	—	—	—	—	—
	—	108.50%	84.20%	153.80%	122.50%	1,920.50%	283.80%	-60.60%	222.40%	—
	—	110.30%	54.10%	150.70%	191.20%	771.80%	1,331.60%	-161.30%	158.30%	—
	—	232.33	201.00	—	—	—	—	—	—	—
	—	0.60	1.32	—	—	—	—	—	—	—
	—	0.09	0.06	—	—	—	—	—	—	—
	—	9.92	0.60	—	—	—	—	—	—	—
	—	56.6	61.6	—	—	—	—	—	—	—
Balance sheet
	—	2,343	1,121	—	—	—	—	—	—	—
	—	1,782	815.50	—	—	—	—	—	—	—
	—	71.75	26.77	—	—	—	—	—	—	—
	—	1,172	496.98	—	—	—	—	—	—	—
	—	116.76	6.45	—	—	—	—	—	—	—
	—	100.68	52.80	—	—	—	—	—	—	—
	—	237.88	195.13	—	—	—	—	—	—	—
	—	771.73	234.30	—	—	—	—	—	—	—
	—	1,319	612.89	—	—	—	—	—	—	—
	—	81.67	27.37	—	—	—	—	—	—	—
	—	63.19	3.19	—	—	—	—	—	—	—
	—	18.48	24.18	—	—	—	—	—	—	—
	—	939.48	456.69	—	—	—	—	—	—	—
Cash flow
	—	290.93	302.41	—	—	—	—	—	—	—
	—	-271.78	-236.65	—	—	—	—	—	—	—
	—	25.84	-48.57	—	—	—	—	—	—	—
	—	58.60	101.41	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +113.62%
Sales CAGR 5Y: +237.56%
Sales CAGR 10Y: —
Profit CAGR 3Y: +101.01%
Profit CAGR 5Y: +190.31%
Profit CAGR 10Y: —
Sales YoY (TTM): +80.19%
Profit YoY (TTM): +77.52%

Consolidated

Sales CAGR 3Y: +111.73%
Sales CAGR 5Y: +203.30%
Sales CAGR 10Y: —
Profit CAGR 3Y: +105.28%
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +85.92%
Profit YoY (TTM): +78.03%

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 Jun 2026

Promoter holding: 74.32%

Holder	Type	Holding	Previous	Change
WAAREE ENERGIES LIMITED	Promoter	74.32%	—	—
HITESH P MEHTA	Public	1.05%	—	—
BINDIYA KIRIT DOSHI	Promoter	0.00%	—	—
PANKAJ CHIMANLAL DOSHI	Promoter	0.00%	—	—
RUSHABH PANKAJ DOSHI	Promoter	0.00%	—	—
HITESH C DOSHI	Promoter	0.00%	—	—
NEEPA VIREN DOSHI	Promoter	0.00%	—	—
PUJAN PANKAJ DOSHI	Promoter	0.00%	—	—
KIRIT CHIMANLAL DOSHI	Promoter	0.00%	—	—
BINITA H DOSHI	Promoter	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Please find attached herewith Intimation of Investor Meet16 Sep 2026 · Company Update / Analyst / Investor Meet
Please find attached herewith disclosure of Incorporation of Step Down Wholly Owned Subsidiary14 Sep 2026 · Company Update / General
Please find attached herewith information for Incorporation of Step Down Wholly Owned Subsidiary12 Sep 2026 · Company Update / General
Please find attached herewith Newspaper Publication for 27th Annual General Meeting1 Sep 2026 · Company Update / Newspaper Publication
Please find attached herewith letter sent to shareholders whose email id is not registered31 Aug 2026 · Company Update / General
Please find attached herewith BRSR for FY 2025-2631 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find attached herewith Notice of 27th Annual General Meeting31 Aug 2026 · AGM/EGM / AGM
Please find attached herewith Annual Report for 2025-2631 Aug 2026 · Others / Reg. 34 (1) Annual Report
Please find attached herewith Newspaper Publication28 Aug 2026 · Company Update / Newspaper Publication
Received LOA of EPC work for 291 MWp Solar PV & 280 MWh BESS.28 Aug 2026 · Company Update / Award of Order / Receipt of Order
Please find attached herewith AGM date approved in Board Meeting held on 27th August 202627 Aug 2026 · AGM/EGM / AGM
Please find attached herewith disclosure for sale of wholly owned Subsidiary of the Company27 Aug 2026 · Company Update / General
Please find attached herewith Outcome of Board Meeting held on 27th August 202627 Aug 2026 · Others / Outcome without intimation
Please find attached herewith Intimation of Investor Call to be held on 20th August 2026 at 02:00 p.m.17 Aug 2026 · Company Update / Analyst / Investor Meet
Received LOA of EPC works of 124MWp.10 Aug 2026 · Company Update / Award of Order / Receipt of Order
Received 210MWp (150MWac) EPC Order.5 Aug 2026 · Company Update / Award of Order / Receipt of Order
Please find attached herewith Transcript of Earning Call held on 23rd July 202630 Jul 2026 · Company Update / Earnings Call Transcript
Please find attached herewith disclosure for allotment of equity shares under ESOP29 Jul 2026 · Company Update / Allotment of ESOP / ESPS
Please find attached intimation of Signing of Early Contractor Agreement27 Jul 2026 · Company Update / General
Two ground mounted Solar PV plants with aggregating capacity of 800 MWac/1082 MWp26 Jul 2026 · Company Update / Award of Order / Receipt of Order
Please find attached herewith Newspaper Publication for the un-audited financial results for the quarter ended 30th June 202624 Jul 2026 · Company Update / Newspaper Publication
Please find attached Outcome of earnings call23 Jul 2026 · Company Update / Analyst / Investor Meet
Please find attached herewith Investor Presentation22 Jul 2026 · Company Update / Investor Presentation
Please find attached herewith press release22 Jul 2026 · Company Update / Press Release / Media Release
Please find attached herewith Financial Results for the quarter ended 30th June 202622 Jul 2026 · Result / Financial Results
Please find attached herewith outcome of Board meeting22 Jul 2026 · Board Meeting / Outcome of Board Meeting
Please find attached herewith intimation of earning call for Q1FY 2027 Financial Results to be held on 23rd July 2026 at 03:30 p.m.20 Jul 2026 · Company Update / Analyst / Investor Meet
Waaree Renewable Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/07/2026 ,inter alia, to consider and approve Un-Audited Financial ....18 Jul 2026 · Board Meeting / Board Meeting
Please find attached herewith Rating letter received from India Rating10 Jul 2026 · Company Update / Credit Rating
Please find attached herewith Intimation of Regulation 74(5) of DP Regulations for the quarter ended 30th June 2026.2 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find attached herewith Intimation of Trading Window Closure for the quarter ending June 30, 2026.30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find attached herewith intimation of completion of acquisition of Associated Power Structures Private Limited18 Jun 2026 · Company Update / General
With reference to our earlier intimation dated February 20, 2024 and November 10, 2025, we are please to inform you that the Company has received enhancement to existing scope.17 Jun 2026 · Company Update / Award of Order / Receipt of Order
In continuation of our intimation dated 26th January 2026 and 07th May 2026, regarding acquisition of Associated Power Structures Private Limited, please find attached updated on the same.15 Jun 2026 · Company Update / General
Please find attached herewith Schedule of Analyst meet8 Jun 2026 · Company Update / Analyst / Investor Meet
Please find attached herewith Letter of Award received from Wholly Owned Subsidiary Company8 Jun 2026 · Company Update / Award of Order / Receipt of Order
Please find attached herewith Annual Secretarial Compliance Report for 31.03.202630 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Please find attached herewith Intimation of Investor meet19 May 2026 · Company Update / Analyst / Investor Meet
Please find attached herewith Letter of Award received by the Company18 May 2026 · Company Update / Award of Order / Receipt of Order
Please find attached herewith Update on Acquisition approved in the Board meeting held on 26th January 20267 May 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 1.0000	24 Jan 2025	24 Jan 2025	—
Final Dividend - Rs. - 1.0000	9 Sep 2024	—	—

Board meetings

22 Jul 2026 Board Meeting - Financial Results

Coverage

INFORMED coverage

Waaree Renewables Q1 FY27: Revenue Jumps 53% YoY, But Sequentially Slips for the First Time in Five Quarters