Power
Valuation | |
|---|---|
| Market Cap | 10.84 kCr |
| Price/Earnings (Trailing) | 41.36 |
| Price/Sales (Trailing) | 6.41 |
| EV/EBITDA | 29.38 |
| Price/Free Cashflow | 53.87 |
| MarketCap/EBT | 31.18 |
| Enterprise Value | 10.84 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -5.1% |
| Price Change 1M | 1.4% |
| Price Change 6M | 17.7% |
| Price Change 1Y | -23.9% |
| 3Y Cumulative Return | 31.2% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -236.93 Cr |
| Cash Flow from Operations (TTM) |
| Revenue (TTM) |
| 1.69 kCr |
| Rev. Growth (Yr) | 154.3% |
| Earnings (TTM) | 261.8 Cr |
| Earnings Growth (Yr) | 206.8% |
Profitability | |
|---|---|
| Operating Margin | 21% |
| EBT Margin | 21% |
| Return on Equity | 57.54% |
| Return on Assets | 23.37% |
| Free Cashflow Yield | 1.86% |
| Cash Flow from Financing (TTM) | -48.57 Cr |
| Cash & Equivalents | 26.79 Cr |
| Free Cash Flow (TTM) | 201.28 Cr |
| Free Cash Flow/Share (TTM) | 19.31 |
Balance Sheet | |
|---|---|
| Total Assets | 1.12 kCr |
| Total Liabilities | 665.17 Cr |
| Shareholder Equity | 454.95 Cr |
| Current Assets | 811.51 Cr |
| Current Liabilities | 612.94 Cr |
| Net PPE | 195.13 Cr |
| Inventory | 6.45 Cr |
| Goodwill | 1.2 L |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.02 |
| Debt/Equity | 0.06 |
| Interest Coverage | 23.29 |
| Interest/Cashflow Ops | 22.15 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2 |
| Dividend Yield | 0.20% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.20% |
Past Returns: Outperforming stock! In past three years, the stock has provided 31.2% return compared to 11.2% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Awesome revenue growth! Revenue grew 71.1% over last year and 614.5% in last three years on TTM basis.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Strong Balance Sheet.
Profitability: Recent profitability of 15% is a good sign.
Momentum: Stock has a weak negative price momentum.
Technicals: SharesGuru indicator is Bearish.
Past Returns: Outperforming stock! In past three years, the stock has provided 31.2% return compared to 11.2% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Awesome revenue growth! Revenue grew 71.1% over last year and 614.5% in last three years on TTM basis.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Size: Market Cap wise it is among the top 20% companies of india.
Balance Sheet: Strong Balance Sheet.
Profitability: Recent profitability of 15% is a good sign.
Momentum: Stock has a weak negative price momentum.
Technicals: SharesGuru indicator is Bearish.
Investor Care | |
|---|---|
| Dividend Yield | 0.20% |
| Dividend/Share (TTM) | 2 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 25.15 |
Financial Health | |
|---|---|
| Current Ratio | 1.32 |
| Debt/Equity | 0.06 |
Technical Indicators | |
|---|---|
| RSI (14d) | 54.27 |
| RSI (5d) | 5.61 |
| RSI (21d) | 52.09 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| 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.
In the earnings conference call held on July 18, 2025, management provided an optimistic outlook for Waaree Renewable Technologies. For Q1 FY 2026, the company reported a revenue of INR 603.19 crores, reflecting an impressive growth of 155.20% year-on-year. EBITDA stood at INR 117.54 crores, marking a 186.14% increase, while PAT was INR 86.39 crores, up 206.77% from the previous year. Management highlighted that the unexecuted order book remains robust at 3.15 GWp, indicating strong visibility for upcoming executions.
Key forward-looking points shared included:
The Indian renewable energy sector is experiencing significant transformation, with a total installed renewable capacity reaching 234 GW by June 2025. This includes 116.25 GW from solar energy, the sector's fastest-growing component.
The Indian government's ambitious target of achieving 500 GW of renewable energy-based electricity generation by 2030, with a recent achievement of having 50% of total installed power capacity from non-fossil fuel sources.
There is a notable growth in solar installations, increasing by 51.6% year-on-year in the first half of 2025.
Energy storage requirements are projected to rise sharply, with estimates of reaching 82.37 GWh by FY 2027 and escalating to 2,380 GWh by 2047, emphasizing the significance of battery energy storage systems.
The company intends to explore opportunities in hybrid projects, green hydrogen, and battery energy storage systems, recognizing them as potential growth drivers in the unfolding energy landscape.
The management expects that the operational efficiency and timely execution of current orders will contribute to sustainable growth and value creation for stakeholders moving forward.
Overall, the management conveyed confidence in maintaining a trajectory of strong growth in a thriving renewable sector in India.
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 | 74.39% |
| HITESH P MEHTA | 1.06% |
| 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 | 1.75 LCr | 13.3 kCr | +15.90% | -47.80% | 107.96 | 13.19 | - | - |
| TATAPOWER | Tata Power Co. | 1.23 LCr |
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 |
Question 1: Prathamesh Dhiwar: "What kind of capex are we going to do in the BESS segment?"
Answer: We are not planning to incur any capex specifically for the BESS segment, as we primarily execute EPC projects, which includes BESS as one of the components. Any work related to executing BESS projects will be handled within our EPC scope without separate capital investment.
Question 2: Narendran: "What are Waaree Renewables' broader goals regarding the battery storage division?"
Answer: The BESS segment is a significant growth opportunity. Recent government policies mandate BESS integration with solar projects, enhancing our wallet share with clients. This integration will lead to greater revenue from the same set of customers as BESS becomes a critical part of our EPC contracts.
Question 3: Deepesh: "What could be the reasons behind the fall in average revenue per MW?"
Answer: Our revenue per megawatt varies due to the mix of orders, including turnkey and BOS projects. Despite fluctuations, we maintain expected revenue in the range of INR 1.1 to 1.25 crores per MW, which reflects our diverse order portfolio.
Question 4: Vishal Chaudhary: "How much of the remaining order book is expected to be completed in FY'26?"
Answer: We aim to execute our current order book of 3.15 GW over the next 12 to 15 months. The exact breakdown is difficult to ascertain, but our execution pace in Q1 demonstrates an effective ramp-up towards achieving these targets across the year.
Question 5: Maitri Shah: "What are your margins and how do you justify the guidance?"
Answer: We expect our EBITDA margins to be in the range of 14% to 16%. This is consistent with our operational capacity and the type of projects we are executing. We aim to improve efficiency and cost control to protect margins, even though they may seem lower than recent PAT margins.
Question 6: Pawan Kumar: "Where are we currently in the data center EPC opportunities?"
Answer: We are exploring various opportunities in data center EPC work and have identified significant potential, especially as demand for green data centers rises. However, we are still in the pursuit phase and cannot confirm specific orders coming in this financial year.
| KIRIT CHIMANLAL DOSHI |
| 0% |
| PUJAN PANKAJ DOSHI | 0% |
| RUSHABH PANKAJ DOSHI | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 67.85 kCr |
| +2.20% |
| -17.50% |
| 30.42 |
| 1.82 |
| - |
| - |
| BORORENEW | BOROSIL RENEWABLES | 7.66 kCr | 1.43 kCr | +4.70% | +14.60% | -32.51 | 5.37 | - | - |
| WEBELSOLAR | Websol Energy System | 5.29 kCr | 686.52 Cr | -0.20% | +24.00% | 23.82 | 7.7 | - | - |
| -6.5% |
| 117 |
| 125 |
| 71 |
| 39 |
| 72 |
| 87 |
| Exceptional items before tax | 80.1% | 0 | -4.02 | 0 | 0 | 0 | 0 |
| Total profit before tax | -3.3% | 117 | 121 | 71 | 39 | 72 | 87 |
| Current tax | 21.7% | 29 | 24 | 16 | 10 | 17 | 18 |
| Deferred tax | -78.9% | 1.41 | 2.94 | 1.03 | 0.99 | 0.57 | 4.02 |
| Total tax | 11.5% | 30 | 27 | 17 | 11 | 17 | 22 |
| Total profit (loss) for period | -8.6% | 86 | 94 | 53 | 28 | 54 | 64 |
| Other comp. income net of taxes | -17.6% | 0 | 0.15 | 0.05 | -0.02 | 0.08 | -0.09 |
| Total Comprehensive Income | -8.6% | 86 | 94 | 54 | 28 | 54 | 64 |
| Earnings Per Share, Basic | -8.9% | 8.29 | 9 | 5.14 | 2.72 | 5.2 | 6.194 |
| Earnings Per Share, Diluted | -8.9% | 8.27 | 8.98 | 5.12 | 2.71 | 5.2 | 6.168 |
| 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 |
| 195 |
| 94 |
| 91 |
| 9.27 |
| 3.09 |
| 3.15 |
| Capital work-in-progress | 2609.4% | 56 | 3.03 | 0.39 | 80 | - | - |
| Goodwill | - | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Non-current investments | -24.4% | 0.03 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 |
| Loans, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial assets | 8600% | 52 | 0.4 | 0.4 | 0.28 | 0.27 | 0.23 |
| Total non-current assets | 205% | 306 | 101 | 93 | 90 | 3.37 | 3.39 |
| Total assets | 61.2% | 1,121 | 696 | 405 | 254 | 177 | 132 |
| Borrowings, non-current | - | 24 | 0 | 0 | 0 | 0 | 0.09 |
| Total non-current financial liabilities | - | 24 | 0 | 0 | 0 | 0 | 0.09 |
| Provisions, non-current | 184.2% | 1.32 | 0.62 | 0.48 | 0.31 | 0.27 | 0.22 |
| Total non-current liabilities | 555.5% | 52 | 8.78 | 2.85 | 0.91 | 0.9 | 0.96 |
| Borrowings, current | -75.7% | 3.19 | 10 | 6 | 0 | 0 | 0 |
| Total current financial liabilities | -22.6% | 241 | 311 | 203 | 103 | 59 | 59 |
| Provisions, current | 121.8% | 1.12 | 0.45 | 0.34 | 0.1 | 5.85 | 0.04 |
| Current tax liabilities | -50% | 18 | 35 | 24 | 17 | 0.05 | 1.89 |
| Total current liabilities | 43.3% | 613 | 428 | 262 | 142 | 108 | 79 |
| Total liabilities | 52.3% | 665 | 437 | 265 | 143 | 109 | 80 |
| Equity share capital | 0% | 21 | 21 | 21 | 21 | 21 | 21 |
| Total equity | 76.7% | 457 | 259 | 140 | 111 | 69 | 52 |
| Total equity and liabilities | 61.2% | 1,121 | 696 | 405 | 254 | 177 | 132 |
| - |
| -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 |