Debut Plus

999.2

-4.01 -0.40%

18 Jul 2026

NSE Listed

Waaree Renewable Tech Ltd. (WAAREERTL)

Volume: 1,22,454Avg Vol 1W: 1,37,975.4Avg Vol 1M: 3,19,779.5552W Range:779.51,358
Market Cap₹10,371 Cr
Current Price₹999.2
Previous Close₹1,003.21
High / Low (52w)₹1,358 / ₹779.5
Volume1,22,454
Avg Vol (1W)1,37,975.4
Avg Vol (1M)3,19,779.55
Stock P/E41.29
Book Value₹43.69
Dividend Yield
ROE65.2%
ROA
Revenue (TTM)₹1,613 Cr
Revenue Growth
Profit Margin
Total Debt₹24 Cr
Shares Outstanding
Face Value₹2
EPS (TTM)₹21.96
P/B20.77
Debt / Equity0.1
50 DMA₹985.54
200 DMA₹990.03
Day change-0.40%
Price Chart
999.2 15.63% · 1Y
13317821.7Cr
2025-07-17
2026-07-16

20-day avg volume: 3.2L shares

Pros
  • Healthy return on equity of 65.2%.
  • Company is almost debt-free.
Cons
  • Revenue fell 52% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹236 Cr₹524 Cr₹360 Cr₹477 Cr₹603 Cr₹775 Cr₹851 Cr₹1,102 Cr
EBITDA₹42 Cr₹73 Cr₹74 Cr₹130 Cr₹120 Cr₹160 Cr₹162 Cr₹211 Cr
Net Profit₹28 Cr₹54 Cr₹54 Cr₹94 Cr₹86 Cr₹116 Cr₹120 Cr₹156 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹2 Cr₹8 Cr₹7 Cr₹15 Cr₹170 Cr₹352 Cr₹881 Cr₹1,613 Cr
EBITDA₹0 Cr₹3 Cr₹1 Cr₹8 Cr₹28 Cr₹82 Cr₹205 Cr₹319 Cr
Net Profit₹0 Cr₹-2 Cr₹-3 Cr₹-2 Cr₹9 Cr₹55 Cr₹145 Cr₹229 Cr
EPS0.09-1.91-1.53-1.144.1326.5313.9421.95
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 74.32% Institutions 1.95% Public 23.73%
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 2026-03-31

Promoter74.3%
FII1.9%
DII0.1%
Institutions1.9%
Public23.7%
Promoter Pledge0%
No. of Shareholders3,08,307
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters74.5%74.5%74.5%74.5%74.5%74.4%74.4%74.4%74.4%74.4%74.3%74.3%
FIIs0%0%0%0.2%0.8%1%1%1.1%1.3%1.4%1.7%1.9%
DIIs0%0%0.1%0%0%0%0%0.2%0.1%0.1%0.1%0.1%
Public25.5%25.5%25.4%25.3%24.7%24.6%24.6%24.2%24.2%24.1%23.8%23.7%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders14,69824,84428,98586,4821,85,3402,20,7022,84,1893,23,2583,16,5203,13,4093,10,1093,08,307
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
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Hitesh C Doshi00%2026-03-31
Binita H Doshi00%2026-03-31
Pankaj Chimanlal Doshi00%2026-03-31
Neepa Viren Doshi00%2026-03-31
Bindiya Kirit Doshi00%2026-03-31
Kirit Chimanlal Doshi00%2026-03-31
Pujan Pankaj Doshi00%2026-03-31
Rushabh Pankaj Doshi00%2026-03-31
Waaree Energies Limited00%2026-03-31
Hitesh P Mehta00%2026-03-31
Hitesh C Doshi00%2025-12-31
Binita H Doshi00%2025-12-31
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
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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