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Waaree Renewable Technologies

Waaree Renewable Technologies

View MapTV Chart
953.60
15.15−1.56%
DAY947
₹953.60
982
52W780
₹953.60
1,358
Open974.00
Prev Close968.75
Bid953.55100
Ask953.65100
Volume126.6K37%vs 20D avg
Market Cap₹9,944.15 Cr
Promoter Hold.74.4%
Face Value₹2
Fwd P/E
PEG
EV/EBITDA32.68
P/S3.54
ROA20.46%
Beta0.72
Div Payout14.14%
Valuation

Waaree Renewable Technologies Ltd valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for Waaree Renewable Technologies Ltd, framed against the sector median so the premium or discount is obvious at a glance.

Waaree Renewable Technologies Ltd trades at a P/E of 22.98× and P/B of 14.55×, against the Industrials sector median P/E of 19.50×.

Key MetricsLive · as of 10 Jun 2026
the price tag

Valuation

Market Cap
₹9,944.15 Cr
P/E Ratio
good22.98
P/B Ratio
watch16.6
EPS
39.91
the engine

Profitability

ROE
good37.74%
ROCE
good82.3%
Net Margin
good15.4%
Op Margin
good20.27%
the trajectory

Growth

EPS YoY
good119.87%
Revenue YoY
good94.03%
Qtr Sales
good47.7%
Qtr Profit
good117%
the balance sheet

Financial Health

Debt / Equity
good0.06
Book Value
43.69
Div Yield
avg0.11%
Promoter Hold.
good74.4%
Financials

Waaree Renewable Technologies Ltd financials: P&L, balance sheet, cash flow, ratios.

Twelve years of audited numbers for Waaree Renewable Technologies Ltd, switchable between annual and quarterly views, consolidated or standalone.

Waaree Renewable Technologies Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹9,944.15 Cr and reported EPS of ₹39.91.

all values in ₹ Cr unless suffixed · source: company filings
Segment Analysis

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

Investment Thesis

Waaree Renewable Technologies Ltd investment thesis: bull case, bear case, and the flip lines.

Why someone would buy Waaree Renewable Technologies Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.

Waaree Renewable Technologies Ltd's investment case rests on 9 positive markers and 8 flagged concerns drawn from the latest reported filings.

bull case

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.

bear case

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.

flip conditions

What would change my mind.

  • Trim if P/E re-rates above 30 (~1.5× the sector multiple of 19.5). 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 1.00. Balance sheet risk re-prices growth multiples fast.

  • Exit if ROE slips below 33%. The operating engine is no longer compounding capital efficiently.

Shareholding

Waaree shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in Waaree — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

Loading shareholding data...

Peers

Waaree Renewable Technologies Ltd peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Waaree Renewable Technologies Ltd is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
Tata Motors Ltd
1.35L ₹ Cr
Best Profit Growth
Ravindra Energy Ltd
20455.00 %
Highest Dividend Yield
Rubfila International Ltd
2.88 %

Peer Comparison

Company Name
AARON
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ADVAIT
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AEPL
Artemis Electricals & Projects Ltd
AEQUS
Aequs Ltd
AFFORDABLE
Affordable Robotic & Automation Ltd
ANTGRAPHIC
Antarctica Ltd
ATLANTAELE
AURIGROW
AVANTEL
Avantel Ltd
BAJAJST
Bajaj Steel Industries Ltd
BALUFORGE
Balu Forge Industries Ltd
BATLIBOI
Batliboi Ltd
BEARDSELL
Beardsell Ltd
BEEKAY
Beekay Steel Industries Ltd
BIRLAPREC
Birla Precision Technologies Ltd
COCKERILL
John Cockerill India Ltd
COMSYN
Commercial Syn Bags Ltd
CPPLUS
CROWN
Crown Lifters Ltd
DISAQ
Disa India Ltd
ELGIRUBCO
Elgi Rubber Company Ltd
EMMVEE
ENRIN
Siemens Energy India Ltd
EPACKPEB
EUROBOND
GANGAFORGE
Ganga Forging Ltd
GEEKAYWIRE
Geekay Wires Ltd
HALDYNGL
Haldyn Glass Ltd
ICEMAKE
ICE Make Refrigeration Ltd
INVPRECQ
Investment & Precision Castings Ltd
IWEL
Inox Wind Energy Ltd
JASH
Jash Engineering Ltd
JAYKAY
Jaykay Enterprises Ltd
JKIPL
JYOTICNC
Jyoti CNC Automation Ltd
KLBRENG-B
Kilburn Engineering Ltd
KRISHNADEF
Krishna Defence & Allied Industries Ltd
KRITIKA
Kritika Wires Ltd
KSHINTL
KSH International Ltd
LATTEYS
Latteys Industries Ltd
MACPOWER
Macpower CNC Machines Ltd
MARINE
Marine Electricals (India) Ltd
MARSONS
Marsons Ltd
MEIL
MWL
NIBE
NIBE Ltd
NITIRAJ
Nitiraj Engineers Ltd
OMNI
Omnitech Engineering Ltd
OSWALPUMPS
Oswal Pumps Ltd
POWERICA
Powerica Ltd
PROSTARM
Prostarm Info Systems Ltd
RAJMET
Rajnandini Metal Ltd
RAJOOENG
Rajoo Engineers Ltd
RELTD
Ravindra Energy Ltd
RHETAN
RMDRIP
ROSSTECH
Rossell Techsys Ltd
RPEL
Raghav Productivity Enhancers Ltd
RPPL
Rajshree Polypack Ltd
RSL
Rajputana Stainless Ltd
RUBFILA
Rubfila International Ltd
RUDRA
Rudra Global Infra Products Ltd
RVTH
Revathi Equipment India Ltd
SAATVIKGL
SAGARDEEP
Sagardeep Alloys Ltd
SAMBHV
Sambhv Steel Tubes Ltd
SCODATUBES
Scoda Tubes Ltd
SERVOTECH
Servotech Renewable Power System Ltd
SHBAJRG
Shri Bajrang Alliance Ltd
SHILCTECH
Shilchar Technologies Ltd
SIKA
Sika Interplant Systems Ltd
SKFINDUS
SKF India (Industrial) Ltd
SOLEX
SURAJLTD
Suraj Ltd
TEMBO
Tembo Global Industries Ltd
THEJO
Thejo Engineering Ltd
TINNARUBR
Tinna Rubber & Infrastructure Ltd
TIRUPATIFL
TMCV
Tata Motors Ltd
UTLSOLAR
Fujiyama Power Systems Ltd
VIDYAWIRES
Vidya Wires Ltd
VIKRAMSOLR
VMSTMT
WAAREEENER
Waaree Energies Ltd
WAAREEINDO
Indosolar Ltd
WAAREERTL
Waaree Renewable Technologies LtdCurrent Stock
WELSPLSOL
Welspun Specialty Solutions Ltd
WORTHPERI
WPIL
WPIL Ltd
Technicals

Waaree Renewable Technologies Ltd 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 Ltd — derived from the live tape, not yesterday's close.

Waaree Renewable Technologies Ltd last traded at ₹953.6 with an intraday range of ₹946.8–₹981.55 — live indicator, pivot and CPR signals below.

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Live: ₹953.60
LevelPrice (₹)Distance% Δ
R41044.00+90.40+9.48%
R31009.25+55.65+5.84%
R2995.40+41.80+4.38%
R1974.50+20.90+2.19%
PIVOT960.657.050.74%
CURRENT953.60
S1870.25-83.35-8.74%
S2905.00-48.60-5.10%
S3925.90-27.70-2.90%
S4939.75-13.85-1.45%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 957.13P: 960.65TC: 964.17
R1
R2
R3
R4
indicator
LTP: 953.60
PDH: 973.95
PDL: 949.00
● Market Sentiment

WAAREERTL is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Wider, suggesting unlikely for trending moves

● Opening Range

Day's range: 962 ~ 981.55

● Price Position

Trading Inside opening range

Delivery & Volume

Waaree Renewable Technologies Ltd delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for Waaree Renewable Technologies Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in Waaree Renewable Technologies Ltd stood at 44.4% of traded volume, against a 20-day average of 38.2%.

Avg Delivery (20D)38.2%+6.1 ppt latest vs avg
Highest Delivery44.4%on 10 Jun
Avg Volume (20D)2.01 L20-day run-rate
Conviction Trend↑ Strengthening+6.1 ppt latest read
Volume & Delivery · last 20 sessions
Filings & Concalls

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.

Corporate Actions

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 the Company

About Waaree Renewable Technologies Ltd: business, sector, key facts.

What Waaree Renewable Technologies Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

Waaree Renewable Technologies Ltd operates in the Construction & Engineering industry under the Industrials sector, listed as NSE: WAAREERTL, BSE: 534618.

WAAREERTL
Construction & Engineering

Waaree Renewable Technologies Ltd

NSE · WAAREERTL·BSE · 534618·waareertl.com

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.

company facts
Founded / IPO09/08/2012
Employees171
SectorIndustrials
HeadquartersMumbai, MAHARASHTRA, IN
Market Cap₹9,944.15 Cr
Listed OnBSE LTD
leadership17 on record
Mr. Nilesh Gandhi
Non-Executive Independent Chairman of the Board
Mr. Manmohan Sharma
Chief Financial Officer
Ms. Heema Shah
Compliance Officer, Company Secretary
Mr. Pujan Doshi
Managing Director, Executive Director
Mr. Virenkumar Doshi
Whole Time Director
Mr. Sunil Jain
Executive Director
Mr. Hitesh Mehta
Whole Time Director
Mr. Sunil Rathi
Whole Time Director
Shri. Sudhir Arya
Additional Non-Executive Independent Director
Ms. Ambika Sharma
Additional Non-Executive Independent Director
Mr. Pujan Pankaj Doshi
MD & Executive Director
Mr. Hitesh Pranjivan Mehta
Whole Time Director
§ ∞ · Plainly Answered

Questions investors ask about Waaree Renewable Technologies Ltd (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 Ltd (WAAREERTL)?

The current share price of Waaree Renewable Technologies Ltd (WAAREERTL) is ₹953.6. Today, the stock has declined by ₹15.15 (1.56%), trading in a range of ₹946.8 to ₹981.55. The stock opened at ₹974 with a trading volume of 1,26,582 shares.

02Is Waaree Renewable Technologies Ltd stock a good investment for long-term?

Waaree Renewable Technologies Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹9,944.15 crores, P/E ratio of 22.98, ROE of 37.74%, and ROCE of 82.30%. The dividend yield stands at 0.11%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of Waaree Renewable Technologies Ltd stock?

The 52-week high price of Waaree Renewable Technologies Ltd (WAAREERTL) is ₹1,358, while the 52-week low is ₹779.5. Currently trading at ₹953.6, the stock is 30.1% away from its 52-week low and 29.8% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy Waaree Renewable Technologies Ltd stock at the current price?

Whether to buy Waaree Renewable Technologies Ltd stock at ₹953.6 depends on multiple factors. The stock is currently trading with a P/E ratio of 22.98 and P/B ratio of N/A. Today's performance shows a loss of 1.56%. 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.

05What is the dividend yield of Waaree Renewable Technologies Ltd and when is the next dividend?

Waaree Renewable Technologies Ltd offers a dividend yield of 0.11%, which means for every ₹100 invested at the current price of ₹953.6, you can expect to receive approximately ₹0.11 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd's key financial metrics include: P/E Ratio: 22.98, P/B Ratio: N/A, ROE: 37.74%, ROCE: 82.30%, Dividend Yield: 0.11%, EPS: ₹39.91, Book Value: ₹43.69, Debt-to-Equity: 0.06, and Current Ratio: N/A. The company's market cap stands at ₹9,944.15 crores. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is Waaree Renewable Technologies Ltd stock performing today in the market?

Waaree Renewable Technologies Ltd stock opened at ₹974 and is currently trading at ₹953.6, showing a decline of ₹15.15 (1.56%). The intraday high is ₹981.55 and low is ₹946.8. The trading volume stands at 1,26,582 shares, indicating moderate market participation today.

08What is the P/E ratio of Waaree Renewable Technologies Ltd and what does it indicate?

Waaree Renewable Technologies Ltd has a Price-to-Earnings (P/E) ratio of 22.98, which means investors are willing to pay ₹22.98 for every ₹1 of earnings. With an EPS of ₹39.91, 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.

Disclaimer

The data, ratios and commentary about Waaree Renewable Technologies Ltd (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.