| Quarterly Financials | Dec 2018 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 9 | 29 | 19 | 46 | 77 | 96 | 121 | 74 | 62 | 130 | 151 | 325 | 275 | 239 | 528 | 364 | 481 | 608 |
| Expenses | 1 | 1 | 1 | 1 | 3 | 1 | 0 | 2 | 3 | 25 | 8 | 41 | 64 | 82 | 108 | 38 | 39 | 116 | 119 | 236 | 198 | 195 | 453 | 288 | 354 | 486 |
| EBITDA | 1 | 2 | 1 | 1 | -2 | 1 | 1 | 2 | 6 | 4 | 11 | 5 | 13 | 14 | 13 | 36 | 23 | 14 | 32 | 88 | 77 | 44 | 75 | 76 | 127 | 122 |
| Operating Profit % | 48 % | 67 % | 48 % | 39 % | -291 % | 44 % | 69 % | 29 % | 61 % | 13 % | 28 % | 10 % | 16 % | 14 % | 10 % | 48 % | 36 % | 10 % | 20 % | 27 % | 28 % | 17 % | 14 % | 20 % | 26 % | 19 % |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 0 | 4 | 3 | 4 | 3 | 4 | 4 |
| Profit Before Tax | -0 | -0 | -0 | 0 | -2 | -0 | 0 | 0 | 3 | -0 | 8 | 3 | 11 | 12 | 11 | 34 | 20 | 12 | 28 | 86 | 72 | 39 | 69 | 71 | 121 | 117 |
| Tax | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 4 | 2 | 4 | 2 | 4 | 2 | 3 | 9 | 7 | 3 | 7 | 22 | 21 | 11 | 16 | 17 | 27 | 30 |
| Net Profit | -0 | -0 | -0 | -0 | -3 | -1 | -1 | -1 | -1 | -2 | 4 | 0 | 7 | 10 | 8 | 25 | 12 | 9 | 21 | 64 | 51 | 28 | 54 | 54 | 94 | 86 |
| EPS in ₹ | -0.03 | -0.03 | -0.15 | -0.08 | -1.27 | -0.33 | -0.27 | -0.36 | -0.49 | -1.31 | 2.07 | 0.12 | 3.25 | 4.80 | 3.89 | 12.04 | 5.90 | 0.88 | 1.97 | 30.97 | 4.93 | 2.72 | 5.14 | 5.14 | 9.00 | 8.29 |
Waaree Renewable Technologies
Waaree Renewable Technologies
1,055.40
-36.20
(-3.32%)
Market Cap
11,002.18 Cr
EPS
22.00
PE Ratio
39.18
Dividend Yield
0.09 %
Industry
Power52 Week High
1,272.00
52 Week Low
841.15
PB Ratio
24.99
Debt to Equity
0.10
Sector
Power Generation
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Company News
View All News
Waaree Renewable Technologies Limited (WAAREERTL) received a Letter of Award for executing EPC works for an 870 MWac/1218 MWp grid-connected ground mount solar power project. The contract, valued at approximately INR 1,252.43 crores excluding taxes, includes construction of a 33kV/400kV substation, transmission line works, and two years of operation and maintenance services. The project is scheduled for completion in financial year 2026-27. The contract was awarded by Waaree Forever Energies Private Limited (WFEPL), which is a subsidiary of the holding company, making this a related party transaction. WAAREERTL is a subsidiary of Waaree Energies Limited.
India is considering providing GST relief for the solar and wind energy sectors. The government is also exploring the possibility of extending the grid fee waiver for these renewable energy segments.
Waaree Renewable Technologies Limited's Board of Directors approved the appointment of three new Whole Time Directors - Mr. Viren Doshi, Mr. Hitesh Mehta, and Mr. Sunil Rathi - each for a term of 5 years effective August 26, 2025. The board also approved the annual report for Financial Year 2024-25 and scheduled the 26th Annual General Meeting for September 23, 2025. Additionally, the company appointed M/s Makarand M. Joshi & Co. as Secretarial Auditor for five consecutive financial years from 2025-26 to 2029-30, subject to shareholder approval. Mr. Kamlesh Harchandani was appointed as CEO Data Centre under Senior Management Personnel category effective September 1, 2025. The share transfer books will remain closed from September 17-23, 2025 for the AGM. Mr. Viren Doshi is related to Mr. Pujan Doshi, Managing Director of the company.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
339.20 | #1 3,28,910.92 | 13.71 | #1 1,90,862.50 | 5.35 | #1 20,251 | 10.94 | 58.31 | |
1,152.15 | 1,82,504.30 | 85.85 | 12,422.00 | 18.07 | 2,001 | 31.00 | 69.97 | |
542.95 | 94,895.09 | 43.88 | 12,639.50 | 5.85 | 1,983 | 56.48 | 63.84 | |
87.73 | 88,125.09 | 28.91 | 11,729.30 | 6.69 | 3,134 | 2.69 | 66.21 | |
103.83 | 87,490.58 | 157.65 | 2,465.70 | 21.00 | 474 | 59.09 | 50.61 | |
93.82 | 36,869.34 | 53.67 | 3,376.50 | 17.36 | 818 | -36.26 | 49.91 | |
264.25 | 36,641.87 | #1 12.61 | 16,889.40 | #1 21.08 | 2,713 | 48.09 | 65.93 | |
48.83 | 20,194.97 | - | 8,257.00 | -0.04 | 2,947 | 145.71 | 51.12 | |
298.00 | 18,031.62 | 43.54 | 1,575.20 | 7.43 | 251 | #1 9,242.86 | 49.30 | |
18.52 | 12,692.61 | 17.31 | 5,707.50 | -20.19 | 814 | -20.20 | 45.55 |
Automatic Screeners on ScanX
Forecast
Actual
Growth Rate
Revenue Growth
149.62 %
Net Income Growth
167.63 %
Cash Flow Change
136.65 %
ROE
-2.00 %
ROCE
15.99 %
EBITDA Margin (Avg.)
-1.03 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 16 | 95 | 122 | 203 | 168 | 283 | 714 | 1,120 |
| Fixed Assets | 4 | 32 | 31 | 155 | 73 | 74 | 157 | 198 |
| Current Assets | 8 | 13 | 45 | 46 | 93 | 128 | 550 | 812 |
| Capital Work in Progress | 4 | 3 | 41 | 2 | 1 | 80 | 3 | 56 |
| Investments | 0 | 0 | 0 | 30 | 1 | 0 | 9 | 52 |
| Other Assets | 8 | 60 | 50 | 17 | 93 | 128 | 545 | 814 |
| Total Liabilities | 16 | 95 | 122 | 203 | 168 | 283 | 714 | 1,120 |
| Current Liabilities | 5 | 15 | 25 | 17 | 91 | 152 | 419 | 613 |
| Non Current Liabilities | 0 | 40 | 40 | 132 | 47 | 46 | 49 | 52 |
| Total Equity | 10 | 40 | 57 | 54 | 30 | 85 | 246 | 455 |
| Reserve & Surplus | 0 | -1 | 5 | 2 | 9 | 64 | 226 | 435 |
| Share Capital | 10 | 10 | 21 | 21 | 21 | 21 | 21 | 21 |
Cash Flow
| Cash Flow | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 0 | 0 | 27 | -26 | 12 | -10 | 6 | 17 |
| Investing Activities | 0 | -28 | -38 | -114 | 9 | -66 | -114 | -237 |
| Operating Activities | 0 | -7 | 51 | 2 | 43 | 65 | 128 | 303 |
| Financing Activities | 0 | 35 | 14 | 86 | -40 | -9 | -7 | -49 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 74.27 % | 74.51 % | 74.51 % | 74.51 % | 74.51 % | 74.51 % | 74.51 % | 74.51 % | 74.51 % | 74.51 % | 74.48 % | 74.46 % | 74.46 % | 74.46 % | 74.44 % | 74.39 % | 74.39 % | 74.39 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.20 % | 0.83 % | 0.98 % | 0.99 % | 1.13 % | 1.31 % |
| DIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.09 % | 0.01 % | 0.01 % | 0.00 % | 0.01 % | 0.24 % | 0.14 % |
| Government | 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 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 16.53 % | 18.46 % | 19.31 % | 19.18 % | 18.94 % | 18.91 % | 17.40 % | 16.97 % | 16.67 % | 16.55 % | 16.76 % | 16.86 % | 17.68 % | 18.48 % | 18.49 % | 19.07 % | 19.57 % | 19.62 % |
| Others | 9.20 % | 7.03 % | 6.18 % | 6.30 % | 6.54 % | 6.58 % | 8.09 % | 8.51 % | 8.82 % | 8.94 % | 8.76 % | 8.59 % | 7.65 % | 6.22 % | 6.08 % | 5.54 % | 4.68 % | 4.54 % |
| No of Share Holders | 1,269 | 2,561 | 3,524 | 5,688 | 8,021 | 8,037 | 8,814 | 9,972 | 11,120 | 14,698 | 24,844 | 28,985 | 86,482 | 1,85,340 | 2,20,702 | 2,84,189 | 3,23,258 | 3,16,520 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 23 Sept 2025 |  Annual General Meeting | NA | 23 Sept 2025 | 1,044.70 | 1,091.60 |
| 10 May 2021 |  Change Of Name | NA | 10 May 2021 | 14.63 | 14.63 |
| 17 Sept 2022 |  Dividend | ₹ 0.50 /share | 15 Sept 2022 | 65.81 | 92.19 |
| 20 Sept 2023 | Dividend | ₹ 1.00 /share | 18 Sept 2023 | 196.93 | 253.27 |
| 20 Jan 2024 |  Split | 2:10 | 16 Mar 2024 | 545.82 | 545.82 |
| 10 Sept 2024 | Dividend | ₹ 1.00 /share | 09 Sept 2024 | 2,698.90 | 1,439.80 |
| 16 Sept 2024 | Annual General Meeting | NA | 16 Sept 2024 | 1,513.30 | 1,456.00 |
| 05 Nov 2024 |  Quarterly Result Announcement | NA | 05 Nov 2024 | 1,442.40 | 1,573.50 |
| 16 Jan 2025 | Quarterly Result Announcement | NA | 16 Jan 2025 | 1,188.75 | 1,145.95 |
| 24 Jan 2025 | Dividend | ₹ 1.00 /share | 24 Jan 2025 | 1,145.95 | 968.25 |
| 16 Apr 2025 | Quarterly Result Announcement | NA | 16 Apr 2025 | 864.30 | 938.70 |
| 17 Jul 2025 | Quarterly Result Announcement | NA | 17 Jul 2025 | 985.20 | 1,202.50 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderSep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 03, 2025
Sep 03, 2025Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)-Completion Of AcquisitionSep 03, 2025
Sep 03, 2025Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)-Update On AcquisitionAug 30, 2025
Aug 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 30, 2025
Aug 30, 2025Update Regarding Letter Sent To ShareholdersAug 29, 2025
Aug 29, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 29, 2025
Aug 29, 2025Reg. 34 (1) Annual Report.Aug 29, 2025
Aug 29, 2025Notice Of 26Th Annual General MeetingAug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 27, 2025
Aug 27, 2025Appointment Of Secretarial Auditor For A Period Of Five Years.Aug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 26, 2025
Aug 26, 2025Intimation For 26Th Annual General Meeting Scheduled To Be Held On Tuesday September 23 2025Aug 26, 2025
Aug 26, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On 26Th August 2025Aug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 14, 2025
Aug 14, 2025Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)-Update On AcquisitionJul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJul 30, 2025
Jul 30, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJul 24, 2025
Jul 24, 2025Intimation Of Termination Of Letter Of Award (LOA)-125 MWAC (181.3 Mwp DC) Received To Consortium Of Members Comprising Our Company As One Of The MembersJul 19, 2025
Jul 19, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 19, 2025
Jul 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 18, 2025
Jul 18, 2025Reporting Of Violation Under SEBI (PIT) Regulations 2015Jul 17, 2025
Jul 17, 2025Updation In Authorized Persons To Determine Materiality Of An Event Or Information And Its Disclosure Pursuant To Regulation 30(5)Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 17, 2025
Jul 17, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 17, 2025
Jul 17, 2025Intimation Of Entering Into AgreementsJul 17, 2025
Jul 17, 2025Intimation Of Investment In Body CorporateJul 17, 2025
Jul 17, 2025Financial Results For The Quarter Ended 30Th June 2025Jul 17, 2025
Jul 17, 2025Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Held On 17Th July 2025Jul 17, 2025
Jul 17, 2025Clarification Regarding Movement In Volume Of The SharesJul 16, 2025
Jul 16, 2025Clarification sought from Waaree Renewable Technologies LtdJul 16, 2025
Jul 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 15, 2025
Jul 15, 2025Board Meeting Intimation for Approval Of Un-Audited Financial Results For The Quarter Ended June 30 2025Jul 14, 2025
Jul 14, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 04, 2025
Jul 04, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJul 02, 2025
Jul 02, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsJun 23, 2025
Jun 23, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 20, 2025
Jun 20, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 03, 2025
Jun 03, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 30, 2025
May 30, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMay 23, 2025
May 23, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotMay 23, 2025
May 23, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 21, 2025
May 21, 2025Incorporation Of Wholly Owned SubsidiaryMay 20, 2025
May 20, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderMay 16, 2025
May 16, 2025Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2May 09, 2025
May 09, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptApr 24, 2025
Apr 24, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationApr 22, 2025
Apr 22, 2025Technical Indicators
RSI(14)
Neutral 57.14
ATR(14)
Less Volatile 36.22
STOCH(9,6)
Neutral 60.54
STOCH RSI(14)
Neutral 64.42
MACD(12,26)
Bullish 6.38
ADX(14)
Strong Trend 29.75
UO(9)
Bearish 46.81
ROC(12)
Uptrend And Accelerating 6.34
WillR(14)
Neutral -43.80
Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 Motilal Oswal Quant Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% |
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