| 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 | Sept 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 | 779 |
| 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 | 617 |
| 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 | 162 |
| 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 % | 20 % |
| 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 | 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 | 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 | 157 |
| 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 | 40 |
| 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 | 116 |
| 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 | 11.18 |
Waaree Renewable Technologies
Waaree Renewable Technologies
1,180.60
-0.80
(-0.07%)
Key Fundamentals
Market Cap
12,307.30 Cr
EPS
22.00
PE Ratio
35.21
Dividend Yield
0.08 %
Industry
Power 52 Week High
1,358.00
52 Week Low
841.15
PB Ratio
18.72
Debt to Equity
0.10
Sector
Power Generation Actual
Company News
View All News
Waaree Renewable Technologies Reports Record Q2 Results with 47.73% Revenue GrowthOct 18, 2025
Waaree Renewable Technologies Limited reported its highest ever quarterly revenue and profit for Q2 FY 2026. Revenue from operations reached Rs. 774.78 crores, up 47.73% year-on-year, while EBITDA grew 120.69% to Rs. 157.94 crores with margins expanding to 20.39% from 13.65% in the previous year. PAT increased 117.40% to Rs. 116.34 crores. For the first half of FY 2026, total revenue grew 81.12% to Rs. 1,377.97 crores, with EBITDA rising 144.56% to Rs. 275.48 crores and PAT up 148.21% to Rs. 202.73 crores. The company maintains an unexecuted order book of 3.48 GWp, providing visibility for upcoming quarters. During H1, the company executed 1,621 MWp of EPC projects, exceeding its full-year execution for FY 2025. Management expects margins to remain above 15% for the financial year and indicated the current order book is expected to be executed over the next 12-15 months. The company operates three revenue streams: EPC, O&M, and IPP, with the board approving additional IPP projects of 14 MWp in Maharashtra and 37 MWp in Rajasthan.
Waaree Renewable Technologies Limited received a Letter of Award for executing Engineering, Procurement and Construction (EPC) works for a 150 MWac/217.5 MWp Ground Mount Solar Power Project. The contract, valued at approximately ₹156.66 crore (excluding taxes), was awarded by a leading renewable energy company. The project is scheduled for completion in financial year 2026-27. This is a commercial order from a domestic entity, with no related party transactions or promoter group interests involved.
Waaree Renewable Technologies shares fell 10.5% over two days to Rs 1,182.90 from Rs 1,325.90 due to profit booking by investors. The decline occurred despite the solar energy company reporting record quarterly performance with consolidated net profit more than doubling to Rs 116.34 crore compared to Rs 53.51 crore in the same period last year. Revenue jumped 47.73% to Rs 2,774.78 crore, driven by strong project execution and renewable energy demand. The company expanded into Battery Energy Storage Systems and data centres. Waaree maintains an unexecuted order book of 3.48 GWp expected to be fulfilled over 12-15 months. The board approved capital expenditure for solar projects in Maharashtra and Rajasthan. Market capitalisation stands at Rs 12,331.33 crore.
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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 |
|---|---|---|---|---|---|---|---|---|
326.10 | #1 3,16,208.30 | 12.96 | #1 1,90,862.50 | 5.35 | #1 20,251 | -2.88 | 35.42 | |
1,059.80 | 1,71,962.70 | 73.98 | 12,422.00 | 18.07 | 2,001 | 25.05 | 50.32 | |
519.15 | 90,735.40 | 40.70 | 12,639.50 | 5.85 | 1,983 | -5.99 | 41.45 | |
98.96 | 83,387.00 | 137.50 | 2,465.70 | 21.00 | 474 | 135.42 | 40.68 | |
81.48 | 81,846.90 | 22.76 | 11,729.30 | 6.69 | 3,134 | 15.00 | 34.92 | |
258.25 | 35,809.90 | 13.10 | 16,889.40 | 21.08 | 2,713 | -26.22 | 44.70 | |
84.85 | 33,344.30 | 48.50 | 3,376.50 | 17.36 | 818 | -36.26 | 25.25 | |
39.19 | 16,208.10 | #1 5.25 | 8,257.00 | -0.04 | 2,947 | 145.71 | 31.96 | |
265.10 | 16,040.90 | 33.48 | 1,575.20 | 7.43 | 251 | #1 652.29 | 35.95 | |
1,180.60 | #10 12,307.30 | #6 35.21 | #9 1,612.60 | #1 83.10 | #10 229 | #4 117.38 | 48.45 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
83.10 %
Net Income Growth
57.64 %
Cash Flow Change
136.65 %
ROE
-14.65 %
ROCE
-10.61 %
EBITDA Margin (Avg.)
-15.83 %
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 | Sept 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 % | 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 % | 1.38 % |
| 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 % | 0.12 % |
| 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 % | 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 % | 19.49 % |
| 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 % | 4.63 % |
| 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 | 3,13,409 |
Dividend History
| 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 | 0.08 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 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 |
| 23 Sept 2025 | Annual General Meeting | NA | 23 Sept 2025 | 1,044.70 | 1,055.40 |
| 10 Oct 2025 | Quarterly Result Announcement | NA | 10 Oct 2025 | 1,042.30 | 1,110.50 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Oct 18, 2025
Oct 18, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderOct 15, 2025
Oct 15, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 15, 2025
Oct 15, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotOct 14, 2025
Oct 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeOct 13, 2025
Oct 13, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 12, 2025
Oct 12, 2025Announcement under Regulation 30 (LODR)-Investor PresentationOct 10, 2025
Oct 10, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 10, 2025
Oct 10, 2025Board Meeting Outcome for Un-Audited Financial Results For The Quarter & Half Year Ended 30Th Septmebre2025Oct 10, 2025
Oct 10, 2025Un-Audited Financial Result For The Quarter & Half Year Ended 30Th September 2025.Oct 10, 2025
Oct 10, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 07, 2025
Oct 07, 2025Board Meeting Intimation for Board Meeting Intimation For Approval Of Un-Audited Financial Results For The Quarter And Half Year Ended September 30 2025Oct 07, 2025
Oct 07, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 05, 2025
Oct 05, 2025Closure of Trading WindowSep 30, 2025
Sep 30, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 25, 2025
Sep 25, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 23, 2025
Sep 23, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 16, 2025
Sep 16, 2025Announcement 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, 2025Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth | 0.40% | 972 | 0.05% | 0.40% | |
 Groww Nifty Total Market Index Fund Direct - Growth | 0.00% | -415 | -0.01% | 0.00% | |
 Mirae Asset Nifty Total Market Index Fund Direct-Growth | 0.00% | -57 | -0.01% | 0.00% | |
 Bandhan Nifty Total Market Index Fund Direct-Growth | 0.00% | -52 | -0.01% | 0.00% | |
 Angel One Nifty Total Market Index Fund Direct - Growth | 0.02% | 1 | 0.00% | 0.02% | |
| Motilal Oswal Quant Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% |
Technical Indicators
RSI(14)
Neutral 48.45
ATR(14)
Less Volatile 52.32
STOCH(9,6)
Oversold 10.17
STOCH RSI(14)
Oversold 0.00
MACD(12,26)
Bearish -15.25
ADX(14)
Strong Trend 39.20
UO(9)
Bullish 27.17
ROC(12)
Downtrend And Accelerating -4.34
WillR(14)
Oversold -88.48
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