Power
Valuation | |
|---|---|
| Market Cap | 8.78 kCr |
| Price/Earnings (Trailing) | 21.07 |
| Price/Sales (Trailing) | 3.22 |
| EV/EBITDA | 15.18 |
| Price/Free Cashflow | 67.41 |
| MarketCap/EBT | 15.89 |
| Enterprise Value | 8.74 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 2.72 kCr |
| Rev. Growth (Yr) | 135.1% |
| Earnings (TTM) | 416.69 Cr |
| Earnings Growth (Yr) | 124.7% |
Profitability | |
|---|---|
| Operating Margin | 20% |
| EBT Margin | 20% |
| Return on Equity | 63.36% |
| Return on Assets | 28.71% |
| Free Cashflow Yield | 1.48% |
Growth & Returns | |
|---|---|
| Price Change 1W | -4.7% |
| Price Change 1M | -5.3% |
| Price Change 6M | -17.8% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -236.93 Cr |
| Cash Flow from Operations (TTM) | 302.7 Cr |
| Cash Flow from Financing (TTM) | -48.57 Cr |
| Cash & Equivalents | 68.33 Cr |
| Free Cash Flow (TTM) | 201.28 Cr |
| Free Cash Flow/Share (TTM) | 19.31 |
Balance Sheet | |
|---|---|
| Total Assets | 1.45 kCr |
| Total Liabilities | 793.83 Cr |
| Shareholder Equity | 657.62 Cr |
| Current Assets | 997.11 Cr |
| Current Liabilities | 688.78 Cr |
| Net PPE | 255.9 Cr |
| Inventory | 53.88 Cr |
| Goodwill | 1.2 L |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.02 |
| Debt/Equity | 0.04 |
| Interest Coverage | 35.89 |
| Interest/Cashflow Ops | 21.3 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2 |
| Dividend Yield | 0.20% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.30% |
Balance Sheet: Strong Balance Sheet.
Profitability: Recent profitability of 15% is a good sign.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Growth: Awesome revenue growth! Revenue grew 126.6% over last year and 640.7% in last three years on TTM basis.
Momentum: Stock is suffering a negative price momentum. Stock is down -5.3% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Balance Sheet: Strong Balance Sheet.
Profitability: Recent profitability of 15% is a good sign.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Growth: Awesome revenue growth! Revenue grew 126.6% over last year and 640.7% in last three years on TTM basis.
Momentum: Stock is suffering a negative price momentum. Stock is down -5.3% in last 30 days.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 0.20% |
| Dividend/Share (TTM) | 2 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 39.95 |
Financial Health | |
|---|---|
| Current Ratio | 1.45 |
| Debt/Equity | 0.04 |
Technical Indicators | |
|---|---|
| RSI (14d) | 28.09 |
| RSI (5d) | 0.00 |
| RSI (21d) | 40.27 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Sell |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of WAAREE RENEWABLE Tech's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided an optimistic outlook for Waaree Renewable Technologies Limited, highlighting strong growth in financial performance for Q3 and the first nine months of FY 2026. Revenue from operations rose significantly to INR 851.06 crores, marking a 136.18% increase year-on-year. EBITDA reached INR 158.80 crores, reflecting a 120.79% growth, with an EBITDA margin of 18.66%. Profit After Tax (PAT) surged to INR 120.19 crores, up 124.74%.
For the nine months ended December 2025, total revenue from operations was INR 2,229.03 crores, growing 98.81% year-on-year, with EBITDA of INR 434.28 crores and PAT at INR 322.93 crores, indicating a 138.92% year-on-year increase. The company's order book stands strong at 2.92 gigawatts, with 2,230 megawatts of EPC projects executed in the same period.
Management pointed to India's renewable energy transition, with the country surpassing 265 gigawatts of non-fossil fuel capacity, moving towards a target of 500 gigawatts by 2030. This situation presents significant opportunities, particularly in large-scale battery storage solutions, as they are increasingly integrated into renewable energy projects. They expect this to enhance demand for O&M services as the solar base continues to grow.
Going forward, management emphasized their strategic focus on operational efficiency, timely project delivery, and complete end-to-end solutions as core strengths. They reassured stakeholders of their commitment to sustainable growth and value creation amidst a changing market landscape. The company aims to maintain its EBITDA margin above 15%, despite temporary fluctuations, and remains positive about navigating the evolving EPC and allied segments successfully.
Understand WAAREE RENEWABLE Tech ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| WAAREE ENERGIES LIMITED | 74.32% |
| HITESH P MEHTA | 1.05% |
| HITESH C DOSHI | 0% |
| BINITA H DOSHI | 0% |
| PANKAJ CHIMANLAL DOSHI | 0% |
| NEEPA VIREN DOSHI | 0% |
| BINDIYA KIRIT DOSHI | 0% |
Detailed comparison of WAAREE RENEWABLE Tech against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| ADANIGREEN | Adani Green Energy | 1.59 LCr | 13.38 kCr | +20.90% | +14.90% | 112.58 | 11.89 | - | - |
| TATAPOWER | Tata Power Co. |
Comprehensive comparison against sector averages
WAAREERTL metrics compared to Power
| Category | WAAREERTL | Power |
|---|---|---|
| PE | 21.01 | 20.41 |
| PS | 3.21 | 2.84 |
| Growth | 126.6 % | 5.3 % |
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Here are the major questions and detailed responses from the Q&A section of the earnings transcript for Waaree Renewable Technologies Limited:
Question: Is there a healthy mix of projects where we are also supplying the modules in this particular quarter? Could you quantify how much of the executed 610 megawatts is related to orders with modules?
Answer: I mentioned that our total order includes turnkey orders as well. While I cannot provide exact numbers for this mix, a portion of our current order book does indeed include modules. Our order book of 2.9 gigawatts does have some orders inclusive of module supply.
Question: Your order book has gone from 3.2 gigawatt to 2.9 gigawatts, and the absolute addition seems lower this quarter. Is this correct?
Answer: It's true that our order book showed a slight decrease. This is a common fluctuation; we executed 2,230 megawatts this period and are currently pursuing a pipeline of 29 gigawatts, which includes several tenders.
Question: What's your thought process on participating for BESS or data centers?
Answer: We're exploring opportunities in BESS and data centers actively. Currently, we're executing a BESS order and are responsive to emerging opportunities in this segment, ensuring they align with our risk-return metrics.
Question: There has been a contraction in EBITDA margins and realization per megawatt has decreased. Are there pricing pressures affecting these margins?
Answer: Year-to-date, our margins have shown improvement, with an increase from 16.48% to 19.48%. The slight quarter-on-quarter dip is typical, aligning with our budget estimates rather than indicating pricing pressures.
Question: The government has stranded 44 gigawatts of projects. Can you comment on that?
Answer: Completion of these stranded projects depends heavily on government initiatives. We anticipate that support will emerge, enabling the completion of these projects.
Question: What do you expect from the 500 gigawatt renewable target?
Answer: Given current progress, there is a strong possibility we could reach the 500-gigawatt target earlier than 2030, as demand for renewable energy continues to grow rapidly.
If you need further details or additional questions answered, feel free to ask!
| KIRIT CHIMANLAL DOSHI |
| 0% |
| PUJAN PANKAJ DOSHI | 0% |
| RUSHABH PANKAJ DOSHI | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 1.22 LCr |
| 66.16 kCr |
| +9.40% |
| +8.20% |
| 32.07 |
| 1.84 |
| - |
| - |
| BORORENEW | BOROSIL RENEWABLES | 6.52 kCr | 1.51 kCr | -8.80% | -15.20% | -36.09 | 4.31 | - | - |
| WEBELSOLAR | Websol Energy System | 2.4 kCr | 828.97 Cr | -27.00% | -45.20% | 10.57 | 2.89 | - | - |
| 0.6% |
| 158 |
| 157 |
| 117 |
| 125 |
| 71 |
| 39 |
| Exceptional items before tax | - | 0 | 0 | 0 | -4.02 | 0 | 0 |
| Total profit before tax | 0.6% | 158 | 157 | 117 | 121 | 71 | 39 |
| Current tax | -5.3% | 37 | 39 | 29 | 24 | 16 | 10 |
| Deferred tax | 120% | 1.11 | 1.05 | 1.41 | 2.94 | 1.03 | 0.99 |
| Total tax | -5.1% | 38 | 40 | 30 | 27 | 17 | 11 |
| Total profit (loss) for period | 3.5% | 120 | 116 | 86 | 94 | 53 | 28 |
| Other comp. income net of taxes | -11.8% | -0.42 | -0.27 | 0 | 0.15 | 0.05 | -0.02 |
| Total Comprehensive Income | 3.5% | 120 | 116 | 86 | 94 | 54 | 28 |
| Earnings Per Share, Basic | 3.3% | 11.5 | 11.16 | 8.29 | 9 | 5.14 | 2.72 |
| Earnings Per Share, Diluted | 3.7% | 11.5 | 11.13 | 8.27 | 8.98 | 5.12 | 2.71 |
| 81.2% |
| 30 |
| 17 |
| 9.78 |
| 5.6 |
| 0.66 |
| 1.03 |
| Finance costs | 389.5% | 15 | 3.86 | 1.18 | 1.47 | 3.62 | 3.38 |
| Depreciation and Amortization | 232.3% | 6.25 | 2.58 | 0.18 | 0.16 | 0.16 | 0.16 |
| Other expenses | 223.2% | 18 | 6.26 | 3.01 | 1.38 | 0.39 | 0.9 |
| Total Expenses | 93.9% | 1,308 | 675 | 267 | 142 | 8.63 | 5.48 |
| Profit Before exceptional items and Tax | 52.8% | 305 | 200 | 80 | 26 | 2.66 | -0.4 |
| Exceptional items before tax | - | -4.02 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | 50.8% | 301 | 200 | 80 | 26 | 2.66 | -0.4 |
| Current tax | 51.2% | 66 | 44 | 20 | 5.41 | 0.28 | 0 |
| Deferred tax | -24% | 5.98 | 7.55 | -0.04 | 0.15 | 0.04 | -0.21 |
| Total tax | 42% | 72 | 51 | 20 | 5.55 | 0.32 | -0.21 |
| Total profit (loss) for period | 54.1% | 229 | 149 | 59 | 20 | 2.34 | -0.19 |
| Other comp. income net of taxes | 22.1% | 0.05 | -0.22 | 0.02 | 0.06 | 0.02 | 0 |
| Total Comprehensive Income | 54.7% | 230 | 149 | 59 | 20 | 2.36 | -0.19 |
| Earnings Per Share, Basic | 58.1% | 22.03 | 14.3 | 5.708 | 1.96 | 0.226 | -0.018 |
| Earnings Per Share, Diluted | 57.9% | 21.98 | 14.29 | 5.688 | 1.96 | 0.226 | -0.018 |
| 224 |
| 195 |
| 94 |
| 91 |
| 9.27 |
| 3.09 |
| Capital work-in-progress | 14.5% | 64 | 56 | 3.03 | 0.39 | 80 | - |
| Goodwill | 0% | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Non-current investments | 823.7% | 8.02 | 0.03 | 0.22 | 0.22 | 0.22 | 0.22 |
| Loans, non-current | - | 48 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial assets | 123.5% | 115 | 52 | 0.4 | 0.4 | 0.28 | 0.27 |
| Total non-current assets | 35.1% | 413 | 306 | 101 | 93 | 90 | 3.37 |
| Total assets | 26.2% | 1,414 | 1,121 | 696 | 405 | 254 | 177 |
| Borrowings, non-current | -4.3% | 23 | 24 | 0 | 0 | 0 | 0 |
| Total non-current financial liabilities | 95.7% | 46 | 24 | 0 | 0 | 0 | 0 |
| Provisions, non-current | 443.8% | 2.74 | 1.32 | 0.62 | 0.48 | 0.31 | 0.27 |
| Total non-current liabilities | 49% | 77 | 52 | 8.78 | 2.85 | 0.91 | 0.9 |
| Borrowings, current | 0% | 3.19 | 3.19 | 10 | 6 | 0 | 0 |
| Total current financial liabilities | 69.2% | 407 | 241 | 311 | 203 | 103 | 59 |
| Provisions, current | 291.7% | 1.47 | 1.12 | 0.45 | 0.34 | 0.1 | 5.85 |
| Current tax liabilities | 64.7% | 29 | 18 | 35 | 24 | 17 | 0.05 |
| Total current liabilities | 10.5% | 677 | 613 | 428 | 262 | 142 | 108 |
| Total liabilities | 13.4% | 754 | 665 | 437 | 265 | 143 | 109 |
| Equity share capital | 0% | 21 | 21 | 21 | 21 | 21 | 21 |
| Total equity | 44.5% | 660 | 457 | 259 | 140 | 111 | 69 |
| Total equity and liabilities | 26.2% | 1,414 | 1,121 | 696 | 405 | 254 | 177 |
| - |
| -15.01 |
| 0 |
| 0 |
| 0 |
| - |
| - |
| Net Cashflows From Operating Activities | 157.3% | 302 | 118 | 58 | 34 | - | - |
| Purchase of property, plant and equipment | 1035.1% | 101 | 9.81 | 6.29 | 0.08 | - | - |
| Proceeds from sales of investment property | - | 0 | 0 | 0 | 42 | - | - |
| Purchase of investment property | -112.9% | 0 | 8.77 | -0.56 | 0.56 | - | - |
| Purchase of other long-term assets | - | 0 | 0 | 80 | 0 | - | - |
| Interest received | 67.2% | 12 | 7.58 | 4.97 | 4.43 | - | - |
| Other inflows (outflows) of cash | -40.7% | -147.11 | -104.27 | 15 | -26.81 | - | - |
| Net Cashflows From Investing Activities | -104.4% | -236.65 | -115.28 | -66 | 19 | - | - |
| Proceeds from issuing shares | -20.5% | 0 | 0.17 | 0 | 0 | - | - |
| Proceeds from exercise of stock options | - | 0.22 | 0 | 0 | 0 | - | - |
| Proceeds from borrowings | -111.1% | 0 | 10 | 0 | 0 | - | - |
| Repayments of borrowings | - | 13 | 0 | 0.09 | 37 | - | - |
| Dividends paid | 1751.9% | 21 | 2.08 | 1.04 | 1.04 | - | - |
| Interest paid | 389.5% | 15 | 3.86 | 1.18 | 1.47 | - | - |
| Net Cashflows from Financing Activities | -1634.7% | -48.57 | 4.23 | -2.31 | -39.36 | - | - |
| Net change in cash and cash eq. | 192% | 17 | 6.48 | -10.16 | 13 | - | - |
Analysis of WAAREE RENEWABLE Tech's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| EPC contract | 99.2% | 844 Cr |
| Power Sale | 0.8% | 7.1 Cr |
| Total | 851.1 Cr |