Waaree Renewable Technologies Limited share price
NSE: WAAREERTL · ISIN INE299N01021
Key numbers
- Market cap
- ₹ 8,694 Cr
- Current price
- ₹ 832.90
- 52-week high / low
- ₹ 1,358 / 780
- Stock P/E
- 17.1
- Book value
- ₹ 89.8
- Dividend yield
- 0.00%
- ROCE
- 82.4%
- ROE
- 68.9%
- Debt to equity
- 0.16
- Sales growth (3 yrs)
- 111.7%
- Profit growth (3 yrs)
- 105.2%
- 1-year return
- -21.2%
About Waaree Renewable Technologies Limited
Waaree Renewable Technologies Limited engages in the generation of power through renewable energy sources in India. The company offers ground mounted solar; capex model; resco opex; rooftop solar; floating solar; and operations and maintenance solutions. It also provides engineering, procurement, and construction (EPC) services. The company serves the individual, industrial, and commercial sectors. The company was formerly known as Sangam Renewables Limited and changed its name to Waaree Renewable Technologies Limited in July 2021. The company was incorporated in 1999 and is headquartered in Mumbai, India. Waaree Renewable Technologies Limited operates as a subsidiary of Waaree Energies Limited.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 477 | 603 | 851 | 1,102 | 924 |
| Operating profit | 126 | 118 | 159 | 207 | 173 |
| Net profit | 94 | 86 | 120 | 156 | 116 |
| EPS (₹) | 9.00 | 8.29 | 11.50 | 14.96 | 11.11 |
Concall summary (2026-07-30)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- We are pleased to report a strong start for FY 2027.
- During Q1 FY '27, we executed 888.81 megawatt peak of projects and our consolidated unexecuted order book stood at INR5,300 crores, including T&D, which provides healthy visibility for the coming quarters to us.
Growth & demand
- In this quarter, our revenue from operations stood at INR924.25 crores, reflecting a healthy growth of 53.23% over the same quarter of last year.
- EBITDA for the quarter comes at INR173.48 crores, while profit after tax stood at INR118.97 crores, registering a growth of 37.7% on a year-on-year basis.
Margins & costs
- So now given that the consolidated PAT margins have sort of contracted on a year-on-year basis, I see that the interest cost has sort of played a role in sort of compressing the margins.
- So, what are the steps that we are taking to improve the EBITDA margins from here, given that your standalone minimum threshold is 15% on the EBITDA side.
Capex & expansion
- WAAREE/RTL Execution with Pace & Comfort Waaree Renewable Technologies Limited July 23, 2026 We see this acquisition as a step that brings us closer to the grid and power evacuation requirement that go alongside renewable energy capacity addition in the country.
Balance sheet & cash
- So, this acquisition is through self-funding or plus debt component is there.
- So, we have taken around 75% debt for the entire acquisition.
Peers in Engineering & Construction
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