Waaree Renewable Technologies Limited
Waaree Renewable Technologies Limited (WAAREERTL) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Industrials›Capital Goods›Electrical Equipment›Other Electrical Equipment
waareertl.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-02
Stock price
₹853.25
Market cap
8,901 Cr
Stock P/E
17.3
P/B
9.51
Dividend yield
0.2%
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Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 150 Cr | 324 Cr | 273 Cr | 236 Cr | 524 Cr | 360 Cr | 477 Cr | 603 Cr | 775 Cr | 851 Cr | 1,102 Cr | 924 Cr |
| Operating expenses (approx.) | 122 Cr | 236 Cr | 198 Cr | 195 Cr | 453 Cr | 288 Cr | 350 Cr | 486 Cr | 617 Cr | 692 Cr | 896 Cr | 751 Cr |
| EBITDA | 28 Cr | 88 Cr | 75 Cr | 41 Cr | 72 Cr | 72 Cr | 126 Cr | 118 Cr | 158 Cr | 159 Cr | 207 Cr | 173 Cr |
| OPM % | 18.7% | 27.1% | 27.6% | 17.4% | 13.6% | 20.0% | 26.5% | 19.5% | 20.4% | 18.7% | 18.8% | 18.8% |
| Other income | 0.88 Cr | 0.49 Cr | 1 Cr | 3 Cr | 3 Cr | 4 Cr | 5 Cr | 5 Cr | 4 Cr | 5 Cr | 6 Cr | 5 Cr |
| Interest | 2 Cr | 0.08 Cr | 4 Cr | 3 Cr | 4 Cr | 3 Cr | 4 Cr | 4 Cr | 4 Cr | 3 Cr | 3 Cr | 10 Cr |
| Depreciation | 1 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 6 Cr |
| Profit before tax | 25 Cr | 87 Cr | 72 Cr | 39 Cr | 69 Cr | 71 Cr | 121 Cr | 117 Cr | 157 Cr | 158 Cr | 208 Cr | 163 Cr |
| Tax % | 27.2% | 25.5% | 24.3% | 28.3% | 22.8% | 24.4% | 22.6% | 25.9% | 25.7% | 24.1% | 25.2% | 27.2% |
| Net profit | 18 Cr | 64 Cr | 54 Cr | 28 Cr | 54 Cr | 53 Cr | 94 Cr | 86 Cr | 116 Cr | 120 Cr | 156 Cr | 119 Cr |
| EPS (₹) | ₹8.80 | ₹30.97 | ₹5.20 | ₹2.72 | ₹5.14 | ₹5.14 | ₹9.00 | ₹8.29 | ₹11.16 | ₹11.50 | ₹14.96 | ₹11.11 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 7 Cr | 6 Cr | 13 Cr | 161 Cr | 351 Cr | 876 Cr | 1,598 Cr | 3,331 Cr | Sign in for TTM |
| Operating expenses (approx.) | 4 Cr | 5 Cr | 6 Cr | 138 Cr | 267 Cr | 669 Cr | 1,287 Cr | 2,690 Cr | Sign in for TTM |
| EBITDA | 3 Cr | 0.36 Cr | 7 Cr | 24 Cr | 84 Cr | 207 Cr | 311 Cr | 641 Cr | Sign in for TTM |
| OPM % | 45.1% | 6.3% | 53.8% | 14.6% | 23.9% | 23.6% | 19.5% | 19.2% | Sign in for TTM |
| Other income | 0.55 Cr | 2 Cr | 2 Cr | 8 Cr | 2 Cr | 3 Cr | 15 Cr | 20 Cr | Sign in for TTM |
| Interest | 2 Cr | 3 Cr | 4 Cr | 7 Cr | 5 Cr | 7 Cr | 15 Cr | 13 Cr | Sign in for TTM |
| Depreciation | 0.75 Cr | 1 Cr | 2 Cr | 4 Cr | 3 Cr | 5 Cr | 6 Cr | 9 Cr | Sign in for TTM |
| Profit before tax | 0.82 Cr | -3 Cr | 3 Cr | 21 Cr | 77 Cr | 198 Cr | 300 Cr | 640 Cr | Sign in for TTM |
| Tax % | 333.3% | -26.1% | 169.6% | 58.1% | 28.2% | 25.4% | 23.8% | 25.2% | Sign in for TTM |
| Net profit | -2 Cr | -3 Cr | -2 Cr | 9 Cr | 55 Cr | 148 Cr | 229 Cr | 479 Cr | Sign in for TTM |
| EPS (₹) | ₹-1.86 | ₹-1.54 | ₹-1.13 | ₹4.13 | ₹26.63 | ₹14.22 | ₹22.00 | ₹45.91 | Sign in for TTM |
| Dividend payout % | — | — | — | 11.7% | 1.9% | 1.4% | 9.1% | 0.0% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 10 Cr | 21 Cr | 21 Cr | 21 Cr | 21 Cr | 21 Cr | 21 Cr | 21 Cr |
| Reserves | 30 Cr | 5 Cr | 1 Cr | 9 Cr | 64 Cr | 211 Cr | 435 Cr | 913 Cr |
| Borrowings | 37 Cr | 40 Cr | 125 Cr | 42 Cr | 39 Cr | 41 Cr | 27 Cr | 82 Cr |
| Other liabilities | 18 Cr | 25 Cr | 24 Cr | 96 Cr | 159 Cr | 441 Cr | 638 Cr | 1,358 Cr |
| Total liabilities | 95 Cr | 122 Cr | 203 Cr | 168 Cr | 283 Cr | 714 Cr | 1,120 Cr | 2,374 Cr |
| Fixed assets (net) | 31 Cr | 30 Cr | 154 Cr | 71 Cr | 71 Cr | 153 Cr | 195 Cr | 269 Cr |
| CWIP | 3 Cr | 41 Cr | 2 Cr | 0.90 Cr | 80 Cr | 3 Cr | 56 Cr | 178 Cr |
| Investments | 0 Cr | 0.0001 Cr | 30 Cr | 0.56 Cr | 0 Cr | 9 Cr | 52 Cr | 31 Cr |
| Loans & advances | 0 Cr | 5 Cr | 0 Cr | 0.39 Cr | 0 Cr | 0 Cr | 0 Cr | 0 Cr |
| Inventories | 0 Cr | 0 Cr | 0.46 Cr | 2 Cr | 37 Cr | 29 Cr | 6 Cr | 117 Cr |
| Trade receivables | 4 Cr | 1 Cr | 5 Cr | 47 Cr | 61 Cr | 373 Cr | 498 Cr | 1,172 Cr |
| Cash & bank | 0.40 Cr | 27 Cr | 1 Cr | 13 Cr | 3 Cr | 10 Cr | 27 Cr | 72 Cr |
| Other assets | 56 Cr | 17 Cr | 11 Cr | 34 Cr | 30 Cr | 138 Cr | 286 Cr | 535 Cr |
| Total assets | 95 Cr | 122 Cr | 203 Cr | 168 Cr | 283 Cr | 714 Cr | 1,120 Cr | 2,374 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 43 Cr | 65 Cr | 127 Cr | 303 Cr | 287 Cr |
| Cash from investing | — | — | — | 9 Cr | -66 Cr | -114 Cr | -237 Cr | -264 Cr |
| Cash from financing | — | — | — | -40 Cr | -9 Cr | -6 Cr | -49 Cr | 23 Cr |
| Net cash flow | — | — | — | 12 Cr | -10 Cr | 6 Cr | 17 Cr | 45 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 36 Cr | 59 Cr | 127 Cr | 201 Cr | 164 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 3.9% | 1.0% | 4.3% | 39.3% | 66.4% | 75.1% | 65.4% | 64.3% |
| ROE % | -4.8% | -5.6% | -4.4% | 28.8% | 65.2% | 63.7% | 50.4% | 0.0% |
| Debtor days | 213 | 88 | 130 | 105 | 64 | 155 | 113 | 128 |
| Inventory days | 0 | 0 | 13 | 5 | 53 | 17 | 2 | 16 |
| Days payable | 3 | 434 | 169 | 170 | 107 | 168 | 69 | 108 |
| Cash conversion cycle | 210 | -346 | -26 | -61 | 9 | 3 | 46 | 37 |
| Debt / equity | 0.93 | 1.53 | 5.60 | 1.40 | 0.46 | 0.18 | 0.06 | 0.09 |
| Current ratio | 0.83 | 1.82 | 2.72 | 1.03 | 0.84 | 1.27 | 1.32 | 1.35 |
| Net debt / EBITDA | 11.51 | 34.55 | 17.68 | 1.22 | 0.43 | 0.15 | 0.0019 | 0.02 |
Compare with peers
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