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 94.5%
- Company has a good return on equity (ROE) track record: 3 Years ROE 73.4%
- Company has delivered good sales growth of 281.5% CAGR over last 5 years
- Latest quarter profit grew 32.3% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.12x)
CONS
- Stock is trading at 20.8x its book value
- 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 811 | |
| 116 | 119 | 236 | 198 | 195 | 453 | 288 | 350 | 486 | 617 | 692 | 896 | 662 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 1 | 1 | 2 | 3 | 3 | 4 | 5 | 5 | 5 | 7 | 8 | 7 |
| Interest | 1 | 2 | 0 | 4 | 3 | 4 | 3 | 4 | 4 | 4 | 3 | 3 | 7 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 12 | 28 | 86 | 72 | 40 | 69 | 71 | 121 | 117 | 157 | 160 | 210 | 157 | |
| Tax % | 26.32% | 25.29% | 25.61% | 28.76% | 28.05% | 22.78% | 24.35% | 22.58% | 25.86% | 25.58% | 23.89% | 24.97% | 26.96% |
| Net Profit | 9 | 21 | 64 | 51 | 28 | 54 | 54 | 94 | 87 | 117 | 122 | 157 | 114 |
| 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 %
- 26.32%
- Net Profit
- 9
- 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 %
- 25.29%
- Net Profit
- 21
- 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
- 1
- Interest
- 0
- Depreciation
- 2
- 86
- Tax %
- 25.61%
- Net Profit
- 64
- 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 %
- 28.76%
- Net Profit
- 51
- 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
- 40
- Tax %
- 28.05%
- 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 %
- 22.78%
- 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 %
- 24.35%
- Net Profit
- 54
- 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 %
- 22.58%
- 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 %
- 25.86%
- Net Profit
- 87
- 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
- 5
- Interest
- 4
- Depreciation
- 2
- 157
- Tax %
- 25.58%
- Net Profit
- 117
- 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
- 7
- Interest
- 3
- Depreciation
- 2
- 160
- Tax %
- 23.89%
- Net Profit
- 122
- 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
- 8
- Interest
- 3
- Depreciation
- 2
- 210
- Tax %
- 24.97%
- Net Profit
- 157
- 15
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 811
- 662
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 7
- Depreciation
- 2
- 157
- Tax %
- 26.96%
- Net Profit
- 114
- 1
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 21
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 5 | 2 | 8 | 154 | 342 | 876 | 1,597 | 3,539 | |
| 0 | 1 | 2 | 3 | 2 | 5 | 140 | 266 | 669 | 1,286 | 2,866 | |
| Operating Profit | 0 | -0 | 1 | 3 | 3 | 6 | 28 | 81 | 211 | 326 | — |
| OPM % | 28 | -41 | 41 | 65 | 159 | 85 | 18 | 24 | 24 | 20 | — |
| Other Income | 0 | 0 | 1 | 1 | 3 | 4 | 14 | 5 | 4 | 15 | 26 |
| Interest | 0 | 0 | 0 | 2 | 3 | 4 | 1 | 1 | 7 | 15 | 17 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 9 |
| 0 | -0 | 0 | 1 | -0 | 3 | 26 | 80 | 199 | 301 | 684 | |
| Tax % | 30 | 7 | 71 | 66 | 53 | 12 | 21 | 26 | 27 | 24 | 25 |
| Net Profit | 0 | -0 | 0 | 0 | -0 | 2 | 20 | 59 | 145 | 229 | 510 |
| EPS | 0 | -0 | 0 | 0 | -0 | 1 | 10 | 6 | 14 | 22 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 4 | 7 | 5 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | -0 | 0 | 0 | -0 | 0 | 2 | 6 | 14 | 22 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | -0 | 0 | 0 | -0 | 0 | 2 | 6 | 14 | 22 | — |
Mar 2016
- 0
- 0
- Operating Profit
- 0
- OPM %
- 28
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 30
- 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 2017
- 0
- 1
- Operating Profit
- -0
- OPM %
- -41
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 7
- 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 2018
- 1
- 2
- Operating Profit
- 1
- OPM %
- 41
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 71
- 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
- 5
- 3
- Operating Profit
- 3
- OPM %
- 65
- Other Income
- 1
- Interest
- 2
- Depreciation
- 0
- 1
- Tax %
- 66
- 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 2020
- 2
- 2
- Operating Profit
- 3
- OPM %
- 159
- Other Income
- 3
- Interest
- 3
- Depreciation
- 0
- -0
- Tax %
- 53
- 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 2021
- 8
- 5
- Operating Profit
- 6
- OPM %
- 85
- Other Income
- 4
- Interest
- 4
- Depreciation
- 0
- 3
- Tax %
- 12
- Net Profit
- 2
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2022
- 154
- 140
- Operating Profit
- 28
- OPM %
- 18
- Other Income
- 14
- Interest
- 1
- Depreciation
- 0
- 26
- Tax %
- 21
- Net Profit
- 20
- EPS
- 10
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 342
- 266
- Operating Profit
- 81
- OPM %
- 24
- Other Income
- 5
- Interest
- 1
- Depreciation
- 0
- 80
- Tax %
- 26
- Net Profit
- 59
- EPS
- 6
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2024
- 876
- 669
- Operating Profit
- 211
- OPM %
- 24
- Other Income
- 4
- Interest
- 7
- Depreciation
- 6
- 199
- 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
- 1,597
- 1,286
- Operating Profit
- 326
- OPM %
- 20
- Other Income
- 15
- Interest
- 15
- Depreciation
- 6
- 301
- 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
- 3,539
- 2,866
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 17
- Depreciation
- 9
- 684
- Tax %
- 25
- Net Profit
- 510
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 134%
- 5 Years:
- 282%
- 3 Years:
- 118%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 121%
- 5 Years:
- —
- 3 Years:
- 124%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -14%
RETURN ON EQUITY
- 10 Years:
- 28%
- 5 Years:
- 55%
- 3 Years:
- 73%
- Last Year:
- 65%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 10 | 10 | 10 | 10 | 21 | 21 | 21 | 21 | 21 | 21 |
| 0 | 0 | 0 | 1 | 10 | 12 | 31 | 90 | 225 | 434 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 0 | |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 3 | 58 | 77 | 298 | 234 |
| 0 | 0 | 2 | 37 | 38 | 48 | 22 | 67 | 162 | 432 | |
| Total Liabilities | 10 | 10 | 12 | 48 | 68 | 83 | 132 | 254 | 715 | 1,121 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 0 | 0 | 4 | 4 | 3 | 3 | 3 | 9 | 154 | 195 | |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80 | 3 | 56 |
| 1 | 0 | 0 | 32 | 32 | 32 | 1 | 0 | 9 | 52 | |
| 5 | 6 | 0 | 0 | 0 | 0 | 2 | 37 | 29 | 6 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 372 | 497 | |
| Cash & Bank | 0 | 0 | 7 | 1 | 0 | 1 | 39 | 13 | 121 | 193 |
| 4 | 3 | 2 | 12 | 33 | 47 | 88 | 116 | 27 | 121 | |
| Total Assets | 10 | 10 | 12 | 48 | 68 | 83 | 132 | 254 | 715 | 1,121 |
| Total Debt | 0 | 0 | 0 | 36 | 37 | 37 | 0 | 0 | 40 | 27 |
| Net Working Capital | 10 | 7 | 6 | 4 | 1 | 35 | 50 | 23 | 135 | 203 |
| Contingent Liabilities | 0 | 0 | 7 | 0 | 0 | 0 | 4 | 0 | 4 | 4 |
| Book Value per Share | 10.17 | 10.14 | 10.24 | 10.62 | 14.62 | 15.75 | 25.08 | 53.13 | 23.60 | 43.66 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 |
| Total Debt | 0 | 0 | 0 | 36 | 37 | 37 | 0 | 0 | 40 | 27 |
| Net Working Capital | 10 | 7 | 6 | 4 | 1 | 35 | 50 | 23 | 135 | 203 |
| Contingent Liabilities | 0 | 0 | 7 | 0 | 0 | 0 | 4 | 0 | 4 | 4 |
| Book Value per Share | 10.17 | 10.14 | 10.24 | 10.62 | 14.62 | 15.75 | 25.08 | 53.13 | 23.60 | 43.66 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 |
Mar 2016
- Equity Capital
- 10
- 0
- 0
- Trade Payables
- 0
- 0
- Total Liabilities
- 10
- 0
- Capital Work in Progress
- 0
- 1
- 5
- 0
- Cash & Bank
- 0
- 4
- Total Assets
- 10
- Total Debt
- 0
- Net Working Capital
- 10
- Contingent Liabilities
- 0
- Book Value per Share
- 10.17
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 10
- Contingent Liabilities
- 0
- Book Value per Share
- 10.17
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 10
- 0
- 0
- Trade Payables
- 0
- 0
- Total Liabilities
- 10
- 0
- Capital Work in Progress
- 0
- 0
- 6
- 0
- Cash & Bank
- 0
- 3
- Total Assets
- 10
- Total Debt
- 0
- Net Working Capital
- 7
- Contingent Liabilities
- 0
- Book Value per Share
- 10.14
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 7
- Contingent Liabilities
- 0
- Book Value per Share
- 10.14
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 10
- 0
- 0
- Trade Payables
- 0
- 2
- Total Liabilities
- 12
- 4
- Capital Work in Progress
- 0
- 0
- 0
- 0
- Cash & Bank
- 7
- 2
- Total Assets
- 12
- Total Debt
- 0
- Net Working Capital
- 6
- Contingent Liabilities
- 7
- Book Value per Share
- 10.24
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 6
- Contingent Liabilities
- 7
- Book Value per Share
- 10.24
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 10
- 1
- 0
- Trade Payables
- 0
- 37
- Total Liabilities
- 48
- 4
- Capital Work in Progress
- 0
- 32
- 0
- 0
- Cash & Bank
- 1
- 12
- Total Assets
- 48
- Total Debt
- 36
- Net Working Capital
- 4
- Contingent Liabilities
- 0
- Book Value per Share
- 10.62
- Face Value
- 10.00
- Total Debt
- 36
- Net Working Capital
- 4
- Contingent Liabilities
- 0
- Book Value per Share
- 10.62
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 21
- 10
- 0
- Trade Payables
- 0
- 38
- Total Liabilities
- 68
- 3
- Capital Work in Progress
- 0
- 32
- 0
- 0
- Cash & Bank
- 0
- 33
- Total Assets
- 68
- Total Debt
- 37
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 14.62
- Face Value
- 10.00
- Total Debt
- 37
- Net Working Capital
- 1
- Contingent Liabilities
- 0
- Book Value per Share
- 14.62
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 21
- 12
- 0
- Trade Payables
- 3
- 48
- Total Liabilities
- 83
- 3
- Capital Work in Progress
- 0
- 32
- 0
- 0
- Cash & Bank
- 1
- 47
- Total Assets
- 83
- Total Debt
- 37
- Net Working Capital
- 35
- Contingent Liabilities
- 0
- Book Value per Share
- 15.75
- Face Value
- 10.00
- Total Debt
- 37
- Net Working Capital
- 35
- Contingent Liabilities
- 0
- Book Value per Share
- 15.75
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 21
- 31
- 0
- Trade Payables
- 58
- 22
- Total Liabilities
- 132
- 3
- Capital Work in Progress
- 0
- 1
- 2
- 0
- Cash & Bank
- 39
- 88
- Total Assets
- 132
- Total Debt
- 0
- Net Working Capital
- 50
- Contingent Liabilities
- 4
- Book Value per Share
- 25.08
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 50
- Contingent Liabilities
- 4
- Book Value per Share
- 25.08
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 21
- 90
- 0
- Trade Payables
- 77
- 67
- Total Liabilities
- 254
- 9
- Capital Work in Progress
- 80
- 0
- 37
- 0
- Cash & Bank
- 13
- 116
- Total Assets
- 254
- Total Debt
- 0
- Net Working Capital
- 23
- Contingent Liabilities
- 0
- Book Value per Share
- 53.13
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 23
- Contingent Liabilities
- 0
- Book Value per Share
- 53.13
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 21
- 225
- 10
- Trade Payables
- 298
- 162
- Total Liabilities
- 715
- 154
- Capital Work in Progress
- 3
- 9
- 29
- 372
- Cash & Bank
- 121
- 27
- Total Assets
- 715
- Total Debt
- 40
- Net Working Capital
- 135
- Contingent Liabilities
- 4
- Book Value per Share
- 23.60
- Face Value
- 2.00
- Total Debt
- 40
- Net Working Capital
- 135
- Contingent Liabilities
- 4
- Book Value per Share
- 23.60
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 21
- 434
- 0
- Trade Payables
- 234
- 432
- Total Liabilities
- 1,121
- 195
- Capital Work in Progress
- 56
- 52
- 6
- 497
- Cash & Bank
- 193
- 121
- Total Assets
- 1,121
- Total Debt
- 27
- Net Working Capital
- 203
- Contingent Liabilities
- 4
- Book Value per Share
- 43.66
- Face Value
- 2.00
- Total Debt
- 27
- Net Working Capital
- 203
- Contingent Liabilities
- 4
- Book Value per Share
- 43.66
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0 | -2 | 0 | 5 | 3 | 3 | 34 | 58 | 128 | 302 | |
| Cash from Investing | 0 | 1 | -3 | -31 | 3 | -8 | 19 | -66 | -114 | -237 |
| Cash from Financing | 0 | 1 | 2 | 27 | -6 | 5 | -39 | -2 | -7 | -49 |
| -0 | 0 | -0 | 0 | 0 | 0 | 13 | -10 | 6 | 17 | |
| Free Cash Flow | -0 | -2 | -3 | 5 | 3 | 3 | 33 | -28 | 50 | 202 |
| OCF / Net Profit | -1.38 | 58.93 | 3.65 | 14.60 | -17.76 | 1.40 | 1.64 | 0.98 | 0.88 | 1.32 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 2 | 6 | 41 | 16 | 61 | 260 |
| OCF / Net Profit | -1.38 | 58.93 | 3.65 | 14.60 | -17.76 | 1.40 | 1.64 | 0.98 | 0.88 | 1.32 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 2 | 6 | 41 | 16 | 61 | 260 |
Mar 2016
- -0
- Cash from Investing
- 0
- Cash from Financing
- 0
- -0
- Free Cash Flow
- -0
- OCF / Net Profit
- -1.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.38
- Cumulative 5-Year FCF
- 0
Mar 2017
- -2
- Cash from Investing
- 1
- Cash from Financing
- 1
- 0
- Free Cash Flow
- -2
- OCF / Net Profit
- 58.93
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 58.93
- Cumulative 5-Year FCF
- 0
Mar 2018
- 0
- Cash from Investing
- -3
- Cash from Financing
- 2
- -0
- Free Cash Flow
- -3
- OCF / Net Profit
- 3.65
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.65
- Cumulative 5-Year FCF
- 0
Mar 2019
- 5
- Cash from Investing
- -31
- Cash from Financing
- 27
- 0
- Free Cash Flow
- 5
- OCF / Net Profit
- 14.60
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 14.60
- Cumulative 5-Year FCF
- 0
Mar 2020
- 3
- Cash from Investing
- 3
- Cash from Financing
- -6
- 0
- Free Cash Flow
- 3
- OCF / Net Profit
- -17.76
- Cumulative 5-Year FCF
- 2
- OCF / Net Profit
- -17.76
- Cumulative 5-Year FCF
- 2
Mar 2021
- 3
- Cash from Investing
- -8
- Cash from Financing
- 5
- 0
- Free Cash Flow
- 3
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 6
- OCF / Net Profit
- 1.40
- Cumulative 5-Year FCF
- 6
Mar 2022
- 34
- Cash from Investing
- 19
- Cash from Financing
- -39
- 13
- Free Cash Flow
- 33
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 41
- OCF / Net Profit
- 1.64
- Cumulative 5-Year FCF
- 41
Mar 2023
- 58
- Cash from Investing
- -66
- Cash from Financing
- -2
- -10
- Free Cash Flow
- -28
- OCF / Net Profit
- 0.98
- Cumulative 5-Year FCF
- 16
- OCF / Net Profit
- 0.98
- Cumulative 5-Year FCF
- 16
Mar 2024
- 128
- Cash from Investing
- -114
- Cash from Financing
- -7
- 6
- Free Cash Flow
- 50
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 61
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 61
Mar 2025
- 302
- Cash from Investing
- -237
- Cash from Financing
- -49
- 17
- Free Cash Flow
- 202
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 260
- OCF / Net Profit
- 1.32
- Cumulative 5-Year FCF
- 260
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 0.09 | -0.03 | 0.12 | 0.31 | -0.09 | 1.12 | 9.80 | 28.54 | 13.97 | 22.01 |
| Book Value (₹) | 10.17 | 10.14 | 10.24 | 10.62 | 14.62 | 15.75 | 25.08 | 53.13 | 23.60 | 43.66 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Cash EPS (₹) | 0.02 | -0.01 | 0.03 | 0.09 | -0.00 | 0.24 | 1.98 | 5.73 | 14.54 | 22.61 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 27.60% | -41.35% | 40.72% | 65.21% | 159.31% | 84.79% | 17.96% | 23.75% | 23.61% | 19.47% |
| Net Margin % | 19.36% | -43.33% | 9.40% | 6.15% | -9.41% | 30.78% | 13.29% | 17.38% | 16.60% | 14.37% |
| ROE % | 0.91% | -0.32% | 1.20% | 2.96% | -0.91% | 7.40% | 48.01% | 72.98% | 81.63% | 65.47% |
| ROCE % | 1.30% | -0.31% | 4.84% | 10.91% | 5.24% | 9.19% | 44.95% | 98.93% | 102.84% | 81.83% |
| 0.91% | -0.32% | 1.09% | 1.02% | -0.32% | 3.08% | 18.93% | 30.74% | 30.01% | 24.99% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 0 | 114 | 119 | 268 | 60 | 57 | 57 | 90 | 99 |
| Inventory Days | 2799 | 0 | 0 | 0 | 0 | 22 | 3 | 20 | 14 | 4 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 132 | 84 | 98 | 107 | 79 |
| 2799 | 0 | 114 | 119 | 268 | -51 | -25 | -21 | -3 | 24 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 3.41x | 1.21x | 1.13x | 0.00x | 0.00x | 0.16x | 0.06x |
| Interest Coverage (x) | 209.53x | -8.24x | 6.39x | 1.41x | 0.88x | 1.73x | 18.61x | 68.64x | 30.36x | 21.29x |
| 193.70x | 518.73x | 4.51x | 10.67x | 2.09x | 3.71x | 1.63x | 1.16x | 1.32x | 1.33x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 48.80% | -84.13% | 1618.79% | 286.55% | -60.72% | 284.82% | 1919.79% | 122.54% | 156.39% | 82.32% |
| Operating Profit Growth % | 12.71% | -123.78% | 1792.72% | 518.98% | -4.03% | 104.82% | 327.87% | 194.27% | 160.40% | 54.30% |
| Net Profit Growth % | 12.93% | -135.53% | 472.90% | 152.86% | -160.09% | 1359.05% | 771.88% | 191.18% | 144.89% | 57.75% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -51.06% | 57.60% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 100.62x | 41.23x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 59.54x | 20.79x |
| Dividend Yield % | 0.00% | 0.00% | 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 | 0.00x | 0.00x | 68.88x | 28.50x |
Mar 2016
- EPS (₹)
- 0.09
- Book Value (₹)
- 10.17
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.02
- Operating Margin %
- 27.60%
- Net Margin %
- 19.36%
- ROE %
- 0.91%
- ROCE %
- 1.30%
- 0.91%
- Debtor Days
- 0
- Inventory Days
- 2799
- Payable Days
- 0
- 2799
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 209.53x
- 193.70x
- Revenue Growth %
- 48.80%
- Operating Profit Growth %
- 12.71%
- Net Profit Growth %
- 12.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -0.03
- Book Value (₹)
- 10.14
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.01
- Operating Margin %
- -41.35%
- Net Margin %
- -43.33%
- ROE %
- -0.32%
- ROCE %
- -0.31%
- -0.32%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- -8.24x
- 518.73x
- Revenue Growth %
- -84.13%
- Operating Profit Growth %
- -123.78%
- Net Profit Growth %
- -135.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 0.12
- Book Value (₹)
- 10.24
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.03
- Operating Margin %
- 40.72%
- Net Margin %
- 9.40%
- ROE %
- 1.20%
- ROCE %
- 4.84%
- 1.09%
- Debtor Days
- 114
- Inventory Days
- 0
- Payable Days
- 0
- 114
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 6.39x
- 4.51x
- Revenue Growth %
- 1618.79%
- Operating Profit Growth %
- 1792.72%
- Net Profit Growth %
- 472.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.31
- Book Value (₹)
- 10.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.09
- Operating Margin %
- 65.21%
- Net Margin %
- 6.15%
- ROE %
- 2.96%
- ROCE %
- 10.91%
- 1.02%
- Debtor Days
- 119
- Inventory Days
- 0
- Payable Days
- 0
- 119
- Debt to Equity (x)
- 3.41x
- Interest Coverage (x)
- 1.41x
- 10.67x
- Revenue Growth %
- 286.55%
- Operating Profit Growth %
- 518.98%
- Net Profit Growth %
- 152.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -0.09
- Book Value (₹)
- 14.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.00
- Operating Margin %
- 159.31%
- Net Margin %
- -9.41%
- ROE %
- -0.91%
- ROCE %
- 5.24%
- -0.32%
- Debtor Days
- 268
- Inventory Days
- 0
- Payable Days
- 0
- 268
- Debt to Equity (x)
- 1.21x
- Interest Coverage (x)
- 0.88x
- 2.09x
- Revenue Growth %
- -60.72%
- Operating Profit Growth %
- -4.03%
- Net Profit Growth %
- -160.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 1.12
- Book Value (₹)
- 15.75
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.24
- Operating Margin %
- 84.79%
- Net Margin %
- 30.78%
- ROE %
- 7.40%
- ROCE %
- 9.19%
- 3.08%
- Debtor Days
- 60
- Inventory Days
- 22
- Payable Days
- 132
- -51
- Debt to Equity (x)
- 1.13x
- Interest Coverage (x)
- 1.73x
- 3.71x
- Revenue Growth %
- 284.82%
- Operating Profit Growth %
- 104.82%
- Net Profit Growth %
- 1359.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 9.80
- Book Value (₹)
- 25.08
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.98
- Operating Margin %
- 17.96%
- Net Margin %
- 13.29%
- ROE %
- 48.01%
- ROCE %
- 44.95%
- 18.93%
- Debtor Days
- 57
- Inventory Days
- 3
- Payable Days
- 84
- -25
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 18.61x
- 1.63x
- Revenue Growth %
- 1919.79%
- Operating Profit Growth %
- 327.87%
- Net Profit Growth %
- 771.88%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 28.54
- Book Value (₹)
- 53.13
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 5.73
- Operating Margin %
- 23.75%
- Net Margin %
- 17.38%
- ROE %
- 72.98%
- ROCE %
- 98.93%
- 30.74%
- Debtor Days
- 57
- Inventory Days
- 20
- Payable Days
- 98
- -21
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 68.64x
- 1.16x
- Revenue Growth %
- 122.54%
- Operating Profit Growth %
- 194.27%
- Net Profit Growth %
- 191.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 13.97
- Book Value (₹)
- 23.60
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 14.54
- Operating Margin %
- 23.61%
- Net Margin %
- 16.60%
- ROE %
- 81.63%
- ROCE %
- 102.84%
- 30.01%
- Debtor Days
- 90
- Inventory Days
- 14
- Payable Days
- 107
- -3
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 30.36x
- 1.32x
- Revenue Growth %
- 156.39%
- Operating Profit Growth %
- 160.40%
- Net Profit Growth %
- 144.89%
- -51.06%
- P/E (x)
- 100.62x
- P/B (x)
- 59.54x
- Dividend Yield %
- 0.07%
- 68.88x
Mar 2025
- EPS (₹)
- 22.01
- Book Value (₹)
- 43.66
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 22.61
- Operating Margin %
- 19.47%
- Net Margin %
- 14.37%
- ROE %
- 65.47%
- ROCE %
- 81.83%
- 24.99%
- Debtor Days
- 99
- Inventory Days
- 4
- Payable Days
- 79
- 24
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 21.29x
- 1.33x
- Revenue Growth %
- 82.32%
- Operating Profit Growth %
- 54.30%
- Net Profit Growth %
- 57.75%
- 57.60%
- P/E (x)
- 41.23x
- P/B (x)
- 20.79x
- Dividend Yield %
- 0.11%
- 28.50x
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