₹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:₹779.5₹1,358
Key Ratios
Checked 17h agoMarket 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
2025-07-172026-07-16
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
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 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)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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 |
| EPS | 0.09 | -1.91 | -1.53 | -1.14 | 4.13 | 26.53 | 13.94 | 21.95 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.5% | 74.5% | 74.5% | 74.5% | 74.5% | 74.4% | 74.4% | 74.4% | 74.4% | 74.4% | 74.3% | 74.3% |
| FIIs | 0% | 0% | 0% | 0.2% | 0.8% | 1% | 1% | 1.1% | 1.3% | 1.4% | 1.7% | 1.9% |
| DIIs | 0% | 0% | 0.1% | 0% | 0% | 0% | 0% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% |
| Public | 25.5% | 25.5% | 25.4% | 25.3% | 24.7% | 24.6% | 24.6% | 24.2% | 24.2% | 24.1% | 23.8% | 23.7% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 14,698 | 24,844 | 28,985 | 86,482 | 1,85,340 | 2,20,702 | 2,84,189 | 3,23,258 | 3,16,520 | 3,13,409 | 3,10,109 | 3,08,307 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Waaree Energies Limited | Shareholding of Promoter and Promoter Group | 74.3% | 7.76 Cr |
| Hitesh P Mehta | Public Shareholding | 1.1% | 11,00,000 |
| Hitesh C Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Binita H Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Pankaj Chimanlal Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Neepa Viren Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Bindiya Kirit Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kirit Chimanlal Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Pujan Pankaj Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Rushabh Pankaj Doshi | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Hitesh C Doshi | 0 | 0% | 2026-03-31 |
| Binita H Doshi | 0 | 0% | 2026-03-31 |
| Pankaj Chimanlal Doshi | 0 | 0% | 2026-03-31 |
| Neepa Viren Doshi | 0 | 0% | 2026-03-31 |
| Bindiya Kirit Doshi | 0 | 0% | 2026-03-31 |
| Kirit Chimanlal Doshi | 0 | 0% | 2026-03-31 |
| Pujan Pankaj Doshi | 0 | 0% | 2026-03-31 |
| Rushabh Pankaj Doshi | 0 | 0% | 2026-03-31 |
| Waaree Energies Limited | 0 | 0% | 2026-03-31 |
| Hitesh P Mehta | 0 | 0% | 2026-03-31 |
| Hitesh C Doshi | 0 | 0% | 2025-12-31 |
| Binita H Doshi | 0 | 0% | 2025-12-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Nilesh Gandhi | Chairman & Independent Directo | 2025 |
| Pujan Pankaj Doshi | Executive Director & MD | 2025 |
| HITESH PRANJIVAN MEHTA | Executive Director | 2025 |
| VIREN CHIMANLAL DOSHI | Executive Director | 2025 |
| Sunil Nankishor Rathi | Non-Exec & Non-Independent Dir | 2025 |
| Ambika Sharma | Independent Non Exe. Director | 2025 |
| Sunil Jain | Chairman & Independent Directo | 2025 |
| SUDHIR ARYA | Independent Non Exe. Director | 2025 |
| Heema Shah | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Generation of Power through Renewab | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹2 | 21 | 21 | 21 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 2 | 8 | 285 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 152 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
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
🌐 www.waareertl.com ↗
📍 504-B Western Edge-1, Off W/E Highway Borivali (E), Mumbai, Maharashtra, 400066
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