Waaree Renewable Technologies
Waaree Renewable Technologies Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Waaree Renewable Technologies Limited, framed against the sector median so the premium or discount is obvious at a glance.
Waaree Renewable Technologies Limited trades at a P/E of 21.92× and P/B of 15.92×, against the Capital Goods sector median P/E of 19.26×.
Valuation
Profitability
Growth
Financial Health
Waaree Renewable Technologies Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Waaree Renewable Technologies Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Waaree Renewable Technologies Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Waaree Renewable Technologies Limited, switchable between annual and quarterly views, consolidated or standalone.
Waaree Renewable Technologies Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹10,506.58 Cr and reported EPS of ₹45.85.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 7 | 6 | 13 | 161 | 351 | 876 | 3,331 | 3,331 |
| Other Income | 1 | 2 | 2 | 8 | 2 | 3 | 20 | 20 |
| Total Income | 8 | 7 | 15 | 170 | 352 | 880 | 3,352 | 3,352 |
| Cost of Goods Sold (COGS) | — | — | 4 | 129 | 253 | 645 | 2,606 | 2,606 |
| Gross Profit | 7 | 6 | 9 | 32 | 98 | 232 | 726 | 726 |
| +Operating Expenses | 4 | 5 | 2 | 9 | 14 | 24 | 85 | 85 |
| EBITDA | 3 | 0 | 7 | 24 | 84 | 207 | 641 | 641 |
| +Non-Operating Expenses | 3 | 5 | 6 | 11 | 8 | 12 | 22 | 22 |
| Profit Before Tax (PBT) | 1 | -3 | 3 | 21 | 77 | 198 | 640 | 640 |
| +Tax Expense | 3 | 1 | 6 | 12 | 22 | 50 | 161 | 161 |
| Profit After Tax (PAT) | -2 | -3 | -2 | 9 | 55 | 148 | 479 | 479 |
| Earnings Per Share (EPS) | -0.38 | -0.31 | -0.23 | 0.83 | 5.33 | 14.20 | 45.91 | 45.87 |
| Diluted Shares Outstanding (Nos.) | 5 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| +Additional Disclosures | 7 | 10 | 16 | 278 | 528 | 1,326 | 5,317 | 5,317 |
| Sales Growth % | — | -19.60 | 129.35 | 1,144.34 | 117.32 | 149.73 | 280.11 | — |
| YoY Sales Growth % | — | -19.60 | 129.35 | 1,144.34 | 117.32 | 149.73 | 280.11 | — |
| Material Cost % | — | — | — | 77 | 72 | 74 | 78 | 78 |
| Employee Cost % | 22 | 18 | 5 | 3 | 3 | 2 | 1 | 1 |
| Other Cost % | 33 | 75 | 12 | 2 | 1 | 1 | 1 | 1 |
| OPM % | 45 | 6 | 54 | 15 | 24 | 24 | 19 | 19 |
| Tax % | 333 | -26 | 170 | 58 | 28 | 25 | 25 | 25 |
| Profit Growth % | — | -65.87 | 25.47 | 475.70 | 522.32 | 167.55 | 223.31 | — |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 2 | -1 | 5 | 20 | 81 | 202 | 632 | 632 |
Waaree Renewable Technologies segment analysis: revenue and profit mix.
Disclosed business segments at Waaree Renewable Technologies with their share of revenue and profit, switchable between consolidated and standalone reporting.
Waaree Renewable Technologies discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Waaree Renewable Technologies Limited investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Waaree Renewable Technologies Limited, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Waaree Renewable Technologies Limited's investment case rests on 9 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Exceptional profitability. ROCE 82.30% and ROE 65.60% are outstanding.
Robust quarterly growth. Sales up 47.70%, profit up 117.00%.
Strong financial health. Very low debt-to-equity ratio of 0.06.
High promoter confidence reflected by significant 74.4% shareholding.
Impressive 5-year revenue growth CAGR of 209.13% demonstrates expansion.
What can break it.
Low dividend yield of 0.08% may deter income-focused investors.
Limited institutional interest with FII 1.38% and DII 0.12% holdings.
Fluctuating quarterly net profit indicates some inconsistency in performance.
Recent short-term price volatility observed in the 5-day stock returns.
Intense competition from peers could impact future market share and margins.
What would change my mind.
Trim if P/E re-rates above 28 (~1.5× the sector multiple of 19.3). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 16.10. Balance sheet risk re-prices growth multiples fast.
Waaree Renewable Technologies Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Waaree Renewable Technologies Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
Waaree Renewable Technologies Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Waaree Renewable Technologies Limited — derived from the live tape, not yesterday's close.
Waaree Renewable Technologies Limited last traded at ₹1,005.1 with an intraday range of ₹975.95–₹1,036 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹1005.10| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1155.52 | +150.42 | +14.97% |
| R3 | 1095.47 | +90.37 | +8.99% |
| R2 | 1065.73 | +60.63 | +6.03% |
| R1 | 1035.42 | +30.32 | +3.02% |
| PIVOT | 1005.68 | 0.58 | 0.06% |
| CURRENT | 1005.10 | — | — |
| S1 | 855.27 | -149.83 | -14.91% |
| S2 | 915.32 | -89.78 | -8.93% |
| S3 | 945.63 | -59.47 | -5.92% |
| S4 | 975.37 | -29.73 | -2.96% |
WAAREERTL is trading Below CPR, indicating Bearishness
CPR is Narrower, suggesting likely for trending moves
Day's range: 975.95 ~ 1002.75
Trading Above opening range, showing Bullishness
Waaree Renewable Technologies Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Waaree Renewable Technologies Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Waaree Renewable Technologies Limited stood at 33.5% of traded volume, against a 20-day average of 40.1%.
Waaree Renewable Technologies announcements: results, concalls, ratings, M&A.
Filings Waaree Renewable Technologies sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Waaree Renewable Technologies files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 135 documents below.
General Updates
Waaree Renewable Technologies Limited has informed the Exchange about Completion of Acquisition of Associated Power Structures Private Limited…
General Updates
Waaree Renewable Technologies Limited has informed the Exchange about Update on Acquisition of Associated Power Structures Private Limited (formerly…
Bagging/Receiving of orders/contracts
Waaree Renewable Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
Agreements
Waaree Renewable Technologies Limited has informed the Exchange about Agreements
Analysts/Institutional Investor Meet/Con. Call Updates
Waaree Renewable Technologies Limited has informed the Exchange about Transcript
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Waaree Renewable Technologies dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Waaree Renewable Technologies has declared, sequenced by announce and record date.
Waaree Renewable Technologies corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Waaree Renewable Technologies Limited: business, sector, key facts.
What Waaree Renewable Technologies Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Waaree Renewable Technologies Limited operates in the Capital Goods, listed as NSE: WAAREERTL, BSE: 534618.
Waaree Renewable Technologies Limited (WRTL) is a prominent player in India's renewable energy sector, specializing in the generation and distribution of solar power. The company's core business revolves around harnessing solar energy through diverse methodologies to provide power solutions across various market segments.
WRTL offers a comprehensive suite of solar energy solutions catering to individual, industrial, and commercial clients. Their service portfolio includes ground-mounted solar power plants, a solar capital expenditure (CAPEX) model, a renewable energy service company (RESCO) operating expenditure (OPEX) model, rooftop solar installations, and innovative floating solar systems. This variety of offerings allows WRTL to adapt to the specific needs and budgetary constraints of different customers.
In addition to the generation of solar power, WRTL provides comprehensive engineering, procurement, and construction (EPC) services. This crucial aspect of their business allows them to manage the entire lifecycle of solar projects, from initial design and planning through to construction and commissioning. This end-to-end service delivery model simplifies the process for clients and ensures consistent quality control.
Furthermore, WRTL offers operations and maintenance (O&M) solutions for its installed solar power systems. This ongoing support ensures the longevity and optimal performance of the solar installations, maximizing energy output and return on investment for clients. The commitment to after-sales service differentiates WRTL in the competitive renewable energy market.
Founded in 1999 and headquartered in Mumbai, India, WRTL operates as a subsidiary of Waaree Energies Limited. The company previously operated under the name Sangam Renewables Limited before rebranding to its current name in July 2021. This demonstrates a continuing commitment to growth and adaptation within the evolving renewable energy landscape.
Questions investors ask about Waaree Renewable Technologies Limited (WAAREERTL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Waaree Renewable Technologies Limited (WAAREERTL)?
The current share price of Waaree Renewable Technologies Limited (WAAREERTL) is ₹1,005.1. Today, the stock has gained by ₹17.05 (1.73%), trading in a range of ₹975.95 to ₹1,036. The stock opened at ₹975.95 with a trading volume of 5,90,260 shares.
02What is the 52-week high and low price of Waaree Renewable Technologies Limited stock?
The 52-week high price of Waaree Renewable Technologies Limited (WAAREERTL) is ₹1,358, while the 52-week low is ₹779.5. Currently trading at ₹1,005.1, the stock is 39.0% away from its 52-week low and 26.0% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
03Should I buy Waaree Renewable Technologies Limited stock at the current price?
Whether to buy Waaree Renewable Technologies Limited stock at ₹1,005.1 depends on multiple factors. The stock is currently trading with a P/E ratio of 21.92 and P/B ratio of 15.92. Today's performance shows a gain of 1.73%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
04How is Waaree Renewable Technologies Limited stock performing today in the market?
Waaree Renewable Technologies Limited stock opened at ₹975.95 and is currently trading at ₹1,005.1, showing a gain of ₹17.05 (1.73%). The intraday high is ₹1,036 and low is ₹975.95. The trading volume stands at 5,90,260 shares, indicating moderate market participation today.
05What is the P/E ratio of Waaree Renewable Technologies Limited and what does it indicate?
Waaree Renewable Technologies Limited has a Price-to-Earnings (P/E) ratio of 21.92, which means investors are willing to pay ₹21.92 for every ₹1 of earnings. With an EPS of ₹45.85, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
06What is the market capitalization of Waaree Renewable Technologies Limited?
Waaree Renewable Technologies Limited has a market capitalization of ₹10,506.58 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹1,005.1) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
07What is the book value and P/B ratio of Waaree Renewable Technologies Limited?
Waaree Renewable Technologies Limited has a book value of ₹63.15 per share and a Price-to-Book (P/B) ratio of 15.92. The current market price is ₹1,005.1, which is 1491.6% above the book value. A P/B ratio above 3 suggests premium valuation.
08What is the ROE and ROCE of Waaree Renewable Technologies Limited?
Waaree Renewable Technologies Limited has a Return on Equity (ROE) of 0.00% and Return on Capital Employed (ROCE) of 83.60%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
The data, ratios and commentary about Waaree Renewable Technologies Limited (WAAREERTL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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