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₹913.5

▼ -9.97 -1.08%

29 Jul 2026

NSE Listed · Industrials

Waaree Renewable Technologies Limited (WAAREERTL)

Volume: 2,15,091Avg Vol 1W: 3,77,212Avg Vol 1M: 2,49,55552W Range:₹779.5₹1,358
NSE BSE www.waareertl.com AI Report
Key Ratios
Checked 2h ago
Market Cap₹9,532 Cr
Current Price₹913.5
Previous Close₹923.47
High / Low (52w)₹1,358 / ₹779.5
Volume2,15,091
Avg Vol (1W)3,77,212
Avg Vol (1M)2,49,555
Stock P/E18.91
Book Value₹63.15
Dividend Yield0%
ROE51.23%
ROA21.54%
Revenue (TTM)—
Revenue Growth—
Profit Margin—
Total Debt₹24 Cr
Shares Outstanding10 Cr
Face Value₹2
EPS (TTM)₹48.3
P/B14.47
Debt / Equity15.6
50 DMA₹980.28
200 DMA₹987.23
Day change-1.08%
Price Chart
₹913.5▼ 15.81% · 1Y
₹1331₹7821.7Cr
2025-07-29
2026-07-29

20-day avg volume: 2.3L shares

Pros
  • Healthy return on equity of 51.2%.
  • Company is almost debt-free.
  • Revenue grew 109% YoY.
  • Net profit is growing year over year.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹524 Cr₹360 Cr₹477 Cr₹603 Cr₹775 Cr₹851 Cr₹1,102 Cr₹924 Cr
EBITDA₹73 Cr₹74 Cr₹130 Cr₹120 Cr₹160 Cr₹162 Cr₹211 Cr₹173 Cr
Net Profit₹54 Cr₹54 Cr₹94 Cr₹86 Cr₹116 Cr₹120 Cr₹156 Cr₹116 Cr
EPS————————
Profit & Loss (Annual)
MetricDec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹360 Cr₹477 Cr₹1,613 Cr₹603 Cr₹775 Cr₹851 Cr₹1,102 Cr₹811 Cr
EBITDA₹74 Cr₹130 Cr₹319 Cr₹120 Cr₹161 Cr₹163 Cr₹212 Cr₹164 Cr
Net Profit₹54 Cr₹94 Cr₹229 Cr₹87 Cr₹117 Cr₹122 Cr₹157 Cr₹114 Cr
EPS——21.95—————
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹16 Cr₹95 Cr₹122 Cr₹203 Cr₹168 Cr₹283 Cr₹714 Cr₹1,120 Cr
Total Liabilities₹6 Cr₹55 Cr₹65 Cr₹149 Cr₹138 Cr₹198 Cr₹468 Cr₹665 Cr
Equity₹10 Cr₹40 Cr₹57 Cr₹54 Cr₹30 Cr₹85 Cr₹246 Cr₹455 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-6 Cr₹51 Cr₹-2 Cr₹46 Cr₹70 Cr₹153 Cr₹374 Cr
Investing₹-28 Cr₹-38 Cr₹-105 Cr₹9 Cr₹-66 Cr₹-114 Cr₹-237 Cr
Financing₹35 Cr₹14 Cr₹81 Cr₹-40 Cr₹-9 Cr₹-7 Cr₹-49 Cr
Free Cash Flow₹-6 Cr₹51 Cr₹-2 Cr₹46 Cr₹70 Cr₹153 Cr₹374 Cr
Shareholding
Promoter 75.38% Institutions 1.05% Public 23.57%
About Waaree Renewable Technologies Limited

Industrials · Engineering & Construction

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.

www.waareertl.com ↗
Efficiency & Working Capital
ROCE60.5%
Interest Coverage21.3
Dividend Payout—
Debtor Days114 d
Inventory Days1 d
Payable Days54 d
Cash Conversion Cycle62 d
Working Capital Days115 d
Shareholding Details

As of 2026-06-30

Promoter74.3%
FII2%
DII0.1%
Institutions2.1%
Public23.6%
Promoter Pledge0%
No. of Shareholders3,06,445
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters74.5%74.5%74.5%74.5%74.4%74.4%74.4%74.4%74.4%74.3%74.3%74.3%
FIIs0%0%0.2%0.8%1%1%1.1%1.3%1.4%1.7%1.9%2%
DIIs0%0.1%0%0%0%0%0.2%0.1%0.1%0.1%0.1%0.1%
Public25.5%25.4%25.3%24.7%24.6%24.6%24.2%24.2%24.1%23.8%23.7%23.6%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders24,84428,98586,4821,85,3402,20,7022,84,1893,23,2583,16,5203,13,4093,10,1093,08,3073,06,445
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Waaree Energies LimitedShareholding of Promoter and Promoter Group74.3%7.76 Cr
Hitesh P MehtaPublic Shareholding1.1%11,00,000
Hitesh C DoshiShareholding of Promoter and Promoter Group0%0
Binita H DoshiShareholding of Promoter and Promoter Group0%0
Pankaj Chimanlal DoshiShareholding of Promoter and Promoter Group0%0
Neepa Viren DoshiShareholding of Promoter and Promoter Group0%0
Bindiya Kirit DoshiShareholding of Promoter and Promoter Group0%0
Kirit Chimanlal DoshiShareholding of Promoter and Promoter Group0%0
Pujan Pankaj DoshiShareholding of Promoter and Promoter Group0%0
Rushabh Pankaj DoshiShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Nilesh GandhiChairman & Independent Directo2025
Pujan Pankaj DoshiExecutive Director & MD2025
HITESH PRANJIVAN MEHTAExecutive Director2025
VIREN CHIMANLAL DOSHIExecutive Director2025
Sunil Nankishor RathiNon-Exec & Non-Independent Dir2025
Ambika SharmaIndependent Non Exe. Director2025
Sunil JainChairman & Independent Directo2025
SUDHIR ARYAIndependent Non Exe. Director2025
Heema ShahCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Generation of Power through Renewab₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹2212121
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-22Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202500028285
202500000152
2025000000
Insider / Designated-Person Trades

14 recent disclosure(s)

Hitesh Pranjivan MehtaDisposal · 80,000
Kirit Chimanlal DoshiDisposal · 1,92,312
Bindiya Kirit DoshiDisposal · 3,77,313
Pujan Pankaj DoshiDisposal · 5,16,346
Pankaj Chimalal DoshiDisposal · 5,36,711
Binita H DoshiDisposal · 6,17,476
Company Information
Incorporated1999
ChairmanSunil Jain
AuditorKKC & Associates LLP
Investor Email[email protected]
🌐 www.waareertl.com ↗

📍 504-B Western Edge-1, Off W/E Highway Borivali (E), Mumbai, Maharashtra, 400066

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