Waaree Renewable Technologies Ltd.
•₹ 875.3-0.58%
2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 88.6%
- Company has a good return on equity (ROE) track record: 3 Years ROE 83.6%
- Company has delivered good sales growth of 208.9% CAGR over last 5 years
- Latest quarter profit grew 37.7% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.15x)
CONS
- Stock is trading at 20.8x its book value
- Though reporting repeated profits, the company pays out little dividend (4.5%)
- Rich enterprise valuation - EV/EBITDA of 28.5x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LT | 4030.10 | 33.42 | 554487.79 | 0.94 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| 2. | RVNL | 223.10 | 51.71 | 46516.80 | 0.32 | 159.52 | 18.73 | 4321.23 | 10.55 | 10.81 | 4.41 |
| 3. | KPIL | 1377.05 | 20.69 | 23516.23 | 0.80 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| 4. | IRB | 18.97 | 24.01 | 22911.97 | 0.69 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 24.76 | 53.93 |
| 5. | CEMPRO | 1263.50 | 36.08 | 21705.36 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| 6. | ENGINERSIN | 236.95 | 16.98 | 13317.59 | 2.11 | 157.94 | 141.49 | 819.84 | -5.80 | 25.84 | 20.61 |
| 7. | TECHNOE | 997.70 | 26.92 | 11603.21 | 0.70 | 93.33 | -31.44 | 630.34 | 19.84 | 16.54 | 15.79 |
| 8. | IRCON | 122.60 | 22.02 | 11530.72 | 1.55 | 92.03 | -43.92 | 1955.83 | 9.49 | 12.69 | 9.81 |
| 9. | KEC | 423.05 | 20.34 | 11261.59 | 1.30 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| 10. | AFCONS | 277.95 | 70.65 | 10222.57 | 0.72 | 303.00 | 120.52 | 26710.00 | 692.49 | 12.88 | 9.42 |
| 11. | WAAREERTL | 880.80 | 18.09 | 9193.72 | 0.00 | 118.98 | 37.72 | 924.25 | 53.23 | 81.92 | 18.77 |
| 12. | NCC | 139.15 | 12.49 | 8736.49 | 1.58 | 228.90 | 11.85 | 5811.83 | 12.22 | 16.77 | 9.43 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 129 | 150 | 324 | 273 | 236 | 524 | 360 | 477 | 603 | 775 | 851 | 1,102 | 924 | |
| 116 | 119 | 236 | 198 | 195 | 453 | 288 | 350 | 486 | 617 | 692 | 896 | 766 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 1 | 0 | 2 | 3 | 3 | 4 | 5 | 5 | 4 | 5 | 6 | 5 |
| Interest | 1 | 2 | 0 | 4 | 3 | 4 | 3 | 4 | 4 | 4 | 3 | 3 | 10 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 6 |
| 12 | 28 | 86 | 72 | 39 | 69 | 71 | 121 | 117 | 157 | 158 | 208 | 163 | |
| Tax % | 26.61% | 25.44% | 25.65% | 28.80% | 28.28% | 22.77% | 24.39% | 22.61% | 25.90% | 25.69% | 24.11% | 25.17% | 27.18% |
| Net Profit | 0 | 0 | 0 | 0 | 28 | 54 | 53 | 94 | 86 | 116 | 120 | 156 | 119 |
| 1 | 2 | 6 | 5 | 3 | 5 | 5 | 9 | 8 | 11 | 12 | 15 | 1 | |
| Equity Capital | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 129
- 116
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 1
- 12
- Tax %
- 26.61%
- Net Profit
- 0
- 1
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 150
- 119
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 2
- 28
- Tax %
- 25.44%
- Net Profit
- 0
- 2
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 324
- 236
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 2
- 86
- Tax %
- 25.65%
- Net Profit
- 0
- 6
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 273
- 198
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 4
- Depreciation
- 2
- 72
- Tax %
- 28.80%
- Net Profit
- 0
- 5
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 236
- 195
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 3
- Depreciation
- 2
- 39
- Tax %
- 28.28%
- Net Profit
- 28
- 3
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 524
- 453
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 2
- 69
- Tax %
- 22.77%
- Net Profit
- 54
- 5
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 360
- 288
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 3
- Depreciation
- 2
- 71
- Tax %
- 24.39%
- Net Profit
- 53
- 5
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 477
- 350
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 4
- Depreciation
- 2
- 121
- Tax %
- 22.61%
- Net Profit
- 94
- 9
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 603
- 486
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 4
- Depreciation
- 2
- 117
- Tax %
- 25.90%
- Net Profit
- 86
- 8
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 775
- 617
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 4
- Depreciation
- 2
- 157
- Tax %
- 25.69%
- Net Profit
- 116
- 11
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 851
- 692
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 3
- Depreciation
- 2
- 158
- Tax %
- 24.11%
- Net Profit
- 120
- 12
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,102
- 896
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 3
- Depreciation
- 2
- 208
- Tax %
- 25.17%
- Net Profit
- 156
- 15
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 924
- 766
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 10
- Depreciation
- 6
- 163
- Tax %
- 27.18%
- Net Profit
- 119
- 1
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 7 | 6 | 13 | 161 | 351 | 877 | 1,598 | 3,652 | |
| 2 | 4 | 5 | 6 | 138 | 267 | 669 | 1,287 | 2,971 | |
| Operating Profit | 1 | 4 | 2 | 9 | 32 | 85 | 211 | 326 | — |
| OPM % | 39 | 53 | 36 | 73 | 20 | 24 | 24 | 20 | — |
| Other Income | 1 | 1 | 2 | 2 | 8 | 2 | 4 | 15 | 21 |
| Interest | 0 | 2 | 3 | 4 | 7 | 5 | 7 | 15 | 19 |
| Depreciation | 0 | 1 | 1 | 2 | 4 | 3 | 6 | 6 | 12 |
| 0 | 1 | -3 | 3 | 21 | 77 | 198 | 300 | 686 | |
| Tax % | 76 | 333 | -26 | 170 | 58 | 28 | 27 | 24 | 26 |
| Net Profit | 0 | -2 | -3 | -2 | 9 | 55 | 145 | 229 | 511 |
| EPS | 0 | -2 | -2 | -2 | 4 | 5 | 14 | 22 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 24 | 4 | 7 | 5 | — |
| Minority Interest | 0 | 0 | 0 | -1 | -0 | 0 | 0 | 0 | 3 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | -0 | -0 | -0 | 1 | 5 | 14 | 22 | — |
| Minority Interest | 0 | 0 | 0 | -1 | -0 | 0 | 0 | 0 | 3 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | -0 | -0 | -0 | 1 | 5 | 14 | 22 | — |
Mar 2018
- 1
- 2
- Operating Profit
- 1
- OPM %
- 39
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 76
- Net Profit
- 0
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 7
- 4
- Operating Profit
- 4
- OPM %
- 53
- Other Income
- 1
- Interest
- 2
- Depreciation
- 1
- 1
- Tax %
- 333
- Net Profit
- -2
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2020
- 6
- 5
- Operating Profit
- 2
- OPM %
- 36
- Other Income
- 2
- Interest
- 3
- Depreciation
- 1
- -3
- Tax %
- -26
- Net Profit
- -3
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2021
- 13
- 6
- Operating Profit
- 9
- OPM %
- 73
- Other Income
- 2
- Interest
- 4
- Depreciation
- 2
- 3
- Tax %
- 170
- Net Profit
- -2
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2022
- 161
- 138
- Operating Profit
- 32
- OPM %
- 20
- Other Income
- 8
- Interest
- 7
- Depreciation
- 4
- 21
- Tax %
- 58
- Net Profit
- 9
- EPS
- 4
- Dividend Payout %
- 24
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 351
- 267
- Operating Profit
- 85
- OPM %
- 24
- Other Income
- 2
- Interest
- 5
- Depreciation
- 3
- 77
- Tax %
- 28
- Net Profit
- 55
- EPS
- 5
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2024
- 877
- 669
- Operating Profit
- 211
- OPM %
- 24
- Other Income
- 4
- Interest
- 7
- Depreciation
- 6
- 198
- Tax %
- 27
- Net Profit
- 145
- EPS
- 14
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2025
- 1,598
- 1,287
- Operating Profit
- 326
- OPM %
- 20
- Other Income
- 15
- Interest
- 15
- Depreciation
- 6
- 300
- Tax %
- 24
- Net Profit
- 229
- EPS
- 22
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 22
TTM
- 3,652
- 2,971
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 19
- Depreciation
- 12
- 686
- Tax %
- 26
- Net Profit
- 511
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 209%
- 3 Years:
- 115%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 199%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -14%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 55%
- 3 Years:
- 84%
- Last Year:
- 66%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - |
| Equity Capital | 10 | 10 | 21 | 21 | 21 | 21 | 21 | 21 |
| 0 | -1 | 5 | 1 | 9 | 63 | 224 | 433 | |
| 0 | 0 | 3 | 3 | 9 | 9 | 10 | 0 | |
| Trade Payables | 0 | 0 | 7 | 6 | 58 | 75 | 298 | 234 |
| 5 | 85 | 86 | 171 | 71 | 115 | 162 | 432 | |
| Total Liabilities | 16 | 95 | 122 | 202 | 168 | 283 | 714 | 1,120 |
| ASSETS | - | - | - | - | - | - | - | - |
| 4 | 32 | 30 | 155 | 73 | 74 | 157 | 198 | |
| Capital Work in Progress | 4 | 3 | 41 | 0 | 0 | 80 | 3 | 56 |
| 0 | 0 | 0 | 30 | 1 | 0 | 9 | 52 | |
| 0 | 0 | 0 | 0 | 2 | 37 | 29 | 6 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 373 | 498 | |
| Cash & Bank | 7 | 7 | 37 | 6 | 42 | 17 | 121 | 194 |
| 1 | 52 | 13 | 11 | 50 | 75 | 23 | 116 | |
| Total Assets | 16 | 95 | 122 | 202 | 168 | 283 | 714 | 1,120 |
| Total Debt | 0 | 37 | 40 | 117 | 42 | 39 | 40 | 27 |
| Net Working Capital | 2 | -3 | 20 | 20 | 3 | -24 | 131 | 199 |
| Contingent Liabilities | 7 | 0 | 0 | 0 | 0 | 0 | 4 | 4 |
| Book Value per Share | 10.23 | 9.32 | 12.47 | 10.70 | 14.37 | 40.50 | 23.51 | 43.54 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 |
| Total Debt | 0 | 37 | 40 | 117 | 42 | 39 | 40 | 27 |
| Net Working Capital | 2 | -3 | 20 | 20 | 3 | -24 | 131 | 199 |
| Contingent Liabilities | 7 | 0 | 0 | 0 | 0 | 0 | 4 | 4 |
| Book Value per Share | 10.23 | 9.32 | 12.47 | 10.70 | 14.37 | 40.50 | 23.51 | 43.54 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 |
Mar 2018
- Equity Capital
- 10
- 0
- 0
- Trade Payables
- 0
- 5
- Total Liabilities
- 16
- 4
- Capital Work in Progress
- 4
- 0
- 0
- 0
- Cash & Bank
- 7
- 1
- Total Assets
- 16
- Total Debt
- 0
- Net Working Capital
- 2
- Contingent Liabilities
- 7
- Book Value per Share
- 10.23
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 2
- Contingent Liabilities
- 7
- Book Value per Share
- 10.23
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 10
- -1
- 0
- Trade Payables
- 0
- 85
- Total Liabilities
- 95
- 32
- Capital Work in Progress
- 3
- 0
- 0
- 0
- Cash & Bank
- 7
- 52
- Total Assets
- 95
- Total Debt
- 37
- Net Working Capital
- -3
- Contingent Liabilities
- 0
- Book Value per Share
- 9.32
- Face Value
- 10.00
- Total Debt
- 37
- Net Working Capital
- -3
- Contingent Liabilities
- 0
- Book Value per Share
- 9.32
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 21
- 5
- 3
- Trade Payables
- 7
- 86
- Total Liabilities
- 122
- 30
- Capital Work in Progress
- 41
- 0
- 0
- 0
- Cash & Bank
- 37
- 13
- Total Assets
- 122
- Total Debt
- 40
- Net Working Capital
- 20
- Contingent Liabilities
- 0
- Book Value per Share
- 12.47
- Face Value
- 10.00
- Total Debt
- 40
- Net Working Capital
- 20
- Contingent Liabilities
- 0
- Book Value per Share
- 12.47
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 21
- 1
- 3
- Trade Payables
- 6
- 171
- Total Liabilities
- 202
- 155
- Capital Work in Progress
- 0
- 30
- 0
- 0
- Cash & Bank
- 6
- 11
- Total Assets
- 202
- Total Debt
- 117
- Net Working Capital
- 20
- Contingent Liabilities
- 0
- Book Value per Share
- 10.70
- Face Value
- 10.00
- Total Debt
- 117
- Net Working Capital
- 20
- Contingent Liabilities
- 0
- Book Value per Share
- 10.70
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 21
- 9
- 9
- Trade Payables
- 58
- 71
- Total Liabilities
- 168
- 73
- Capital Work in Progress
- 0
- 1
- 2
- 0
- Cash & Bank
- 42
- 50
- Total Assets
- 168
- Total Debt
- 42
- Net Working Capital
- 3
- Contingent Liabilities
- 0
- Book Value per Share
- 14.37
- Face Value
- 10.00
- Total Debt
- 42
- Net Working Capital
- 3
- Contingent Liabilities
- 0
- Book Value per Share
- 14.37
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 21
- 63
- 9
- Trade Payables
- 75
- 115
- Total Liabilities
- 283
- 74
- Capital Work in Progress
- 80
- 0
- 37
- 0
- Cash & Bank
- 17
- 75
- Total Assets
- 283
- Total Debt
- 39
- Net Working Capital
- -24
- Contingent Liabilities
- 0
- Book Value per Share
- 40.50
- Face Value
- 10.00
- Total Debt
- 39
- Net Working Capital
- -24
- Contingent Liabilities
- 0
- Book Value per Share
- 40.50
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 21
- 224
- 10
- Trade Payables
- 298
- 162
- Total Liabilities
- 714
- 157
- Capital Work in Progress
- 3
- 9
- 29
- 373
- Cash & Bank
- 121
- 23
- Total Assets
- 714
- Total Debt
- 40
- Net Working Capital
- 131
- Contingent Liabilities
- 4
- Book Value per Share
- 23.51
- Face Value
- 2.00
- Total Debt
- 40
- Net Working Capital
- 131
- Contingent Liabilities
- 4
- Book Value per Share
- 23.51
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 21
- 433
- 0
- Trade Payables
- 234
- 432
- Total Liabilities
- 1,120
- 198
- Capital Work in Progress
- 56
- 52
- 6
- 498
- Cash & Bank
- 194
- 116
- Total Assets
- 1,120
- Total Debt
- 27
- Net Working Capital
- 199
- Contingent Liabilities
- 4
- Book Value per Share
- 43.54
- Face Value
- 2.00
- Total Debt
- 27
- Net Working Capital
- 199
- Contingent Liabilities
- 4
- Book Value per Share
- 43.54
- Face Value
- 2.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 0 | -7 | 51 | -2 | 43 | 65 | 128 | 303 | |
| Cash from Investing | 0 | -28 | -38 | -105 | 9 | -66 | -114 | -237 |
| Cash from Financing | 0 | 35 | 14 | 81 | -40 | -9 | -7 | -49 |
| 0 | 0 | 27 | -26 | 12 | -10 | 6 | 17 | |
| Free Cash Flow | 0 | -35 | 14 | -87 | 43 | -19 | 118 | 202 |
| OCF / Net Profit | 0.00 | 3.55 | -16.01 | 0.98 | 4.79 | 1.18 | 0.88 | 1.32 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -85 | 69 | 257 |
| OCF / Net Profit | 0.00 | 3.55 | -16.01 | 0.98 | 4.79 | 1.18 | 0.88 | 1.32 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -85 | 69 | 257 |
Mar 2018
- 0
- Cash from Investing
- 0
- Cash from Financing
- 0
- 0
- Free Cash Flow
- 0
- OCF / Net Profit
- 0.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.00
- Cumulative 5-Year FCF
- 0
Mar 2019
- -7
- Cash from Investing
- -28
- Cash from Financing
- 35
- 0
- Free Cash Flow
- -35
- OCF / Net Profit
- 3.55
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.55
- Cumulative 5-Year FCF
- 0
Mar 2020
- 51
- Cash from Investing
- -38
- Cash from Financing
- 14
- 27
- Free Cash Flow
- 14
- OCF / Net Profit
- -16.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -16.01
- Cumulative 5-Year FCF
- 0
Mar 2021
- -2
- Cash from Investing
- -105
- Cash from Financing
- 81
- -26
- Free Cash Flow
- -87
- OCF / Net Profit
- 0.98
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.98
- Cumulative 5-Year FCF
- 0
Mar 2022
- 43
- Cash from Investing
- 9
- Cash from Financing
- -40
- 12
- Free Cash Flow
- 43
- OCF / Net Profit
- 4.79
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.79
- Cumulative 5-Year FCF
- 0
Mar 2023
- 65
- Cash from Investing
- -66
- Cash from Financing
- -9
- -10
- Free Cash Flow
- -19
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- -85
- OCF / Net Profit
- 1.18
- Cumulative 5-Year FCF
- -85
Mar 2024
- 128
- Cash from Investing
- -114
- Cash from Financing
- -7
- 6
- Free Cash Flow
- 118
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 69
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 69
Mar 2025
- 303
- Cash from Investing
- -237
- Cash from Financing
- -49
- 17
- Free Cash Flow
- 202
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 257
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 257
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.09 | -1.86 | -1.53 | -1.80 | 4.13 | 26.63 | 13.95 | 21.98 |
| Book Value (₹) | 10.23 | 9.32 | 12.47 | 10.70 | 14.37 | 40.50 | 23.51 | 43.54 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Cash EPS (₹) | 0.03 | -0.23 | -0.20 | -0.07 | 1.21 | 5.60 | 14.53 | 22.57 |
| PROFITABILITY | - | - | - | - | - | - | - | - |
| Operating Margin % | 38.90% | 52.89% | 36.37% | 72.65% | 19.71% | 24.30% | 23.64% | 19.46% |
| Net Margin % | 7.06% | -27.20% | -55.90% | -18.24% | 5.51% | 15.77% | 16.57% | 14.33% |
| ROE % | 0.90% | -19.55% | -18.00% | -9.81% | 34.08% | 96.90% | 88.23% | 65.52% |
| ROCE % | 4.48% | 10.48% | 1.71% | 7.55% | 26.67% | 84.06% | 99.83% | 81.92% |
| 0.58% | -3.46% | -2.94% | -1.46% | 4.80% | 24.57% | 29.13% | 24.96% | |
| EFFICIENCY | - | - | - | - | - | - | - | - |
| Debtor Days | 114 | 117 | 176 | 106 | 60 | 56 | 90 | 99 |
| Inventory Days | 0 | 0 | 0 | 13 | 2 | 20 | 14 | 4 |
| Payable Days | 0 | 0 | 0 | 613 | 91 | 97 | 106 | 79 |
| 114 | 117 | 176 | -494 | -29 | -21 | -2 | 25 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.02x | 3.96x | 1.53x | 5.26x | 1.40x | 0.46x | 0.17x | 0.06x |
| Interest Coverage (x) | 5.60x | 1.38x | 0.28x | 1.78x | 4.06x | 15.52x | 30.33x | 21.25x |
| 1.45x | 0.83x | 1.82x | 1.81x | 1.03x | 0.84x | 1.31x | 1.32x | |
| GROWTH | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 440.93% | -19.27% | 128.41% | 1144.35% | 117.32% | 149.74% | 82.29% |
| Operating Profit Growth % | 0.00% | 635.38% | -44.48% | 356.21% | 237.58% | 167.90% | 147.84% | 54.12% |
| Net Profit Growth % | 0.00% | -2183.79% | -65.92% | 25.49% | 475.69% | 522.32% | 162.45% | 57.64% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -47.60% | 57.56% | |
| VALUATION | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 100.74x | 41.29x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 59.77x | 20.85x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.11% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 68.88x | 28.54x |
Mar 2018
- EPS (₹)
- 0.09
- Book Value (₹)
- 10.23
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.03
- Operating Margin %
- 38.90%
- Net Margin %
- 7.06%
- ROE %
- 0.90%
- ROCE %
- 4.48%
- 0.58%
- Debtor Days
- 114
- Inventory Days
- 0
- Payable Days
- 0
- 114
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 5.60x
- 1.45x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -1.86
- Book Value (₹)
- 9.32
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.23
- Operating Margin %
- 52.89%
- Net Margin %
- -27.20%
- ROE %
- -19.55%
- ROCE %
- 10.48%
- -3.46%
- Debtor Days
- 117
- Inventory Days
- 0
- Payable Days
- 0
- 117
- Debt to Equity (x)
- 3.96x
- Interest Coverage (x)
- 1.38x
- 0.83x
- Revenue Growth %
- 440.93%
- Operating Profit Growth %
- 635.38%
- Net Profit Growth %
- -2183.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -1.53
- Book Value (₹)
- 12.47
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.20
- Operating Margin %
- 36.37%
- Net Margin %
- -55.90%
- ROE %
- -18.00%
- ROCE %
- 1.71%
- -2.94%
- Debtor Days
- 176
- Inventory Days
- 0
- Payable Days
- 0
- 176
- Debt to Equity (x)
- 1.53x
- Interest Coverage (x)
- 0.28x
- 1.82x
- Revenue Growth %
- -19.27%
- Operating Profit Growth %
- -44.48%
- Net Profit Growth %
- -65.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -1.80
- Book Value (₹)
- 10.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.07
- Operating Margin %
- 72.65%
- Net Margin %
- -18.24%
- ROE %
- -9.81%
- ROCE %
- 7.55%
- -1.46%
- Debtor Days
- 106
- Inventory Days
- 13
- Payable Days
- 613
- -494
- Debt to Equity (x)
- 5.26x
- Interest Coverage (x)
- 1.78x
- 1.81x
- Revenue Growth %
- 128.41%
- Operating Profit Growth %
- 356.21%
- Net Profit Growth %
- 25.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 4.13
- Book Value (₹)
- 14.37
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.21
- Operating Margin %
- 19.71%
- Net Margin %
- 5.51%
- ROE %
- 34.08%
- ROCE %
- 26.67%
- 4.80%
- Debtor Days
- 60
- Inventory Days
- 2
- Payable Days
- 91
- -29
- Debt to Equity (x)
- 1.40x
- Interest Coverage (x)
- 4.06x
- 1.03x
- Revenue Growth %
- 1144.35%
- Operating Profit Growth %
- 237.58%
- Net Profit Growth %
- 475.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 26.63
- Book Value (₹)
- 40.50
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 5.60
- Operating Margin %
- 24.30%
- Net Margin %
- 15.77%
- ROE %
- 96.90%
- ROCE %
- 84.06%
- 24.57%
- Debtor Days
- 56
- Inventory Days
- 20
- Payable Days
- 97
- -21
- Debt to Equity (x)
- 0.46x
- Interest Coverage (x)
- 15.52x
- 0.84x
- Revenue Growth %
- 117.32%
- Operating Profit Growth %
- 167.90%
- Net Profit Growth %
- 522.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 13.95
- Book Value (₹)
- 23.51
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 14.53
- Operating Margin %
- 23.64%
- Net Margin %
- 16.57%
- ROE %
- 88.23%
- ROCE %
- 99.83%
- 29.13%
- Debtor Days
- 90
- Inventory Days
- 14
- Payable Days
- 106
- -2
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- 30.33x
- 1.31x
- Revenue Growth %
- 149.74%
- Operating Profit Growth %
- 147.84%
- Net Profit Growth %
- 162.45%
- -47.60%
- P/E (x)
- 100.74x
- P/B (x)
- 59.77x
- Dividend Yield %
- 0.07%
- 68.88x
Mar 2025
- EPS (₹)
- 21.98
- Book Value (₹)
- 43.54
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 22.57
- Operating Margin %
- 19.46%
- Net Margin %
- 14.33%
- ROE %
- 65.52%
- ROCE %
- 81.92%
- 24.96%
- Debtor Days
- 99
- Inventory Days
- 4
- Payable Days
- 79
- 25
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 21.25x
- 1.32x
- Revenue Growth %
- 82.29%
- Operating Profit Growth %
- 54.12%
- Net Profit Growth %
- 57.64%
- 57.56%
- P/E (x)
- 41.29x
- P/B (x)
- 20.85x
- Dividend Yield %
- 0.11%
- 28.54x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Waaree Renewable Technologies Limited has informed the Exchange about Schedule of meet
- Bagging/Receiving of orders/contracts
2026-08-10 - Waaree Renewable Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
Annual Reports
Credit Ratings
- Credit Rating- Others
2026-07-10 - Waaree Renewable Technologies Limited has informed the Exchange about Credit Rating- Withdrawn Credit Rating upon Repayment of Loan Facility
Concalls
Jul 2026
Apr 2026
Jan 2026