Search & Analyze

Waaree Renewable Technologies Ltd.

InfrastructureEngineering - Construction

www.waareertl.com BSE: 534618NSE: WAAREERTL

₹803.00BSE0.92%

16 Sep, 4:01 PM

₹803.00

₹8.36K Cr

16.46

7.95

69.02%

₹810.45

₹793.35

₹1,358.50

₹780.00

Customise metrics bar

Price Performance

Peer Comparison

Name
LARSEN & TOU LT	3,819.50	31.68	5,25,523.09	0.99	4,988.03	15.51%	67,941.74	6.69%	15.98
RVNL RVNL	197.10	45.68	41,095.75	0.36	159.52	18.73%	4,321.23	10.55%	10.81
KPIL KPIL	1,393.70	20.89	23,800.57	0.79	311.53	45.85%	6,407.97	3.84%	18.95
IRB INFRA IRB	19.05	24.11	23,008.59	1.36	306.27	51.26%	2,137.27	1.82%	7.72
CEMPRO CEMPRO	1,236.90	35.32	21,248.41	0.24	140.83	2.62%	2,720.92	5.61%	33.53
ENGINRS.(I) ENGINERSIN	260.05	18.67	14,615.91	1.92	157.94	141.49%	819.84	-5.80%	30.94
TECHNOE TECHNOE	970.00	26.20	11,281.06	0.72	93.33	-31.44%	630.34	19.84%	14.86
Waaree Renewable Technologies Ltd. WAAREERTL	803.00	16.46	8,361.82	0.00	118.98	37.72%	924.25	53.23%	87.12

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	236.36	524.47	360.35	476.58	603.19	774.78	851.06	1,102.40	924.25
Expenses	195.28	452.90	288.42	350.25	485.64	616.84	692.26	895.58	750.77
	41.08	71.57	71.92	126.33	117.54	157.94	158.80	206.81	173.48
	17.38%	13.65%	19.96%	26.51%	19.49%	20.39%	18.66%	18.76%	18.77%
	2.76	3.40	3.78	0.84	4.83	4.43	5.12	6.05	5.28
Interest	3.03	4.09	3.35	4.38	3.56	3.62	3.42	2.68	9.59
	1.54	1.58	1.62	1.63	2.24	2.18	2.11	2.09	5.78
	39.28	69.30	70.74	121.17	116.57	156.56	158.39	208.09	163.39
	28.30%	22.78%	24.39%	22.61%	25.89%	25.69%	24.11%	25.17%	27.18%
	28.30	53.54	53.51	93.81	86.44	116.30	120.22	155.74	115.90
	2.72	5.14	5.13	9.00	8.29	11.16	11.52	14.93	11.11

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	161.50	350.96	876.50	1,597.75	3,331.42
	161.50	350.96	876.50	1,597.75	3,331.42
EXPENDITURE :
Raw Material Consumed	127.87	249.68	638.97	1,230.83	2,582.57
Power & Fuel Cost	0.04	0.00	0.19	0.41	0.50
Employee Cost	5.53	9.47	17.30	29.56	48.96
Other Manufacturing Expenses	1.81	3.50	6.78	11.75	33.17
General and Administration Expenses	2.30	2.32	4.01	10.05	17.23
Selling and Distribution Expenses	0.06	0.58	0.64	0.52	1.72
Miscellaneous Expenses	0.39	1.66	1.44	3.72	6.18
	137.99	267.21	669.32	1,286.85	2,690.33
Operating Profit (Excl OI)	23.51	83.75	207.18	310.90	641.10
	8.32	1.53	4.15	14.80	20.43
	31.83	85.27	211.34	325.70	661.52
Interest	6.94	5.30	6.77	14.84	13.29
PBDT	24.89	79.97	204.57	310.87	648.23
	3.67	2.95	6.12	6.37	8.62
Profit Before Taxation & Exceptional Items	21.22	77.01	198.45	304.49	639.61
Exceptional Income / Expenses				-4.02
	21.22	77.01	198.45	300.48	639.61
Provision for Tax	12.32	21.68	53.24	71.55	160.97
	8.89	55.33	145.22	228.92	478.64
Extra items				0.00	0.00
Minority Interest	-0.29	0.09	0.09	0.24	0.06
Consolidated Net Profit	8.60	55.42	145.31	229.16	478.70
Profit Balance B/F	-7.72	-0.09	71.40	214.41	422.78
Appropriations	0.89	55.33	216.71	443.57	901.48
Equity Dividend %	10.00%	10.00%	50.00%	50.00%
	4.13	26.63	13.95	21.98	45.88
Adjusted EPS	0.83	5.33	13.95	21.98	45.88

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	20.81	20.81	20.83	20.85	20.87
Share Warrants & Outstandings		0.84	1.64	1.53	1.37
Total Reserves	9.09	63.49	224.06	433.04	912.11
Reserve excluding Revaluation Reserve	9.09	63.49	224.06	433.04	912.11
Revaluation reserve				0.00
	29.90	85.14	246.53	455.42	934.35
Minority Interest	-0.05	-0.14	-0.23	-0.46	-0.52
Secured Loans	32.90	30.48	27.37	24.18	18.48
Unsecured Loans	0.09
Deferred Tax Assets / Liabilities	14.16	15.40	20.79	26.73	28.45
Other Long Term Liabilities					59.39
Long Term Provisions	0.22	0.31	0.62	1.32	4.78
Total Non-Current Liabilities	47.37	46.19	48.78	52.23	111.10
Trade Payables	57.98	74.61	297.52	234.33	771.77
Other Current Liabilities	25.23	54.30	88.04	359.86	451.44
Short Term Borrowings	5.43	5.42	10.00		60.00
Short Term Provisions	1.92	17.15	23.66	18.75	45.66
Total Current Liabilities	90.56	151.48	419.23	612.94	1,328.87
Total Liabilities	167.79	282.68	714.32	1,120.12	2,373.79
Gross Block	77.87	81.70	168.31	216.75	300.85
Less: Accumulated Depreciation	4.71	7.42	11.56	18.92	28.84
Net Block	73.16	74.29	156.75	197.82	272.02
Capital Work in Progress		80.05	3.03	56.22	177.92
Non Current Investments					8.35
Long Term Investment				0.00	8.35
Long Term Loans & Advances	0.57	0.64	0.56	0.72	3.08
Other Non Current Assets			3.49	53.70	122.65
Total Non-Current Assets	74.64	155.12	163.98	308.62	584.16
Currents Investments	0.56		9.00	51.97	22.85
Inventories	1.69	36.52	29.17	6.45	116.76
Sundry Debtors	46.53	61.31	372.57	497.75	1,172.01
Cash and Bank	42.19	16.51	120.89	193.55	358.59
Other Current Assets	0.65	0.84	8.70	15.28	12.69
Short Term Loans and Advances	1.53	12.38	10.01	46.51	106.73
Total Current Assets	93.15	127.55	550.34	811.51	1,789.63
Net Current Assets (Including Current Investments)	2.59	-23.93	131.11	198.57	460.76
Total Assets	167.79	282.68	714.32	1,120.12	2,373.79
Contingent Liabilities			3.70	36.98	38.02
Total Debt	41.84	38.98	40.48	27.37	81.67
	14.37	40.50	23.51	43.54	89.41
Adjusted Book Value	2.87	8.10	23.51	43.54	89.41

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	21.22	77.01	198.45	300.48	639.61
Adjustment	3.46	8.02	10.46	7.67	2.73
Changes In working Capital	21.50	-14.58	-55.52	65.73	-222.35
Cash Flow after changes in Working Capital	46.18	70.45	153.39	373.87	419.99
Cash Flow from Operating Activities	42.55	65.15	127.91	302.70	286.95
Cash Flow from Investing Activities	9.43	-65.96	-114.39	-236.93	-264.48
Cash Flow from Financing Activitie	-39.99	-9.20	-7.18	-48.57	22.55
Net Cash Inflow / Outflow	11.99	-10.01	6.34	17.20	45.02
Opening Cash & Cash Equivalents	1.28	13.27	3.26	9.59	26.79
Closing Cash & Cash Equivalent	13.27	3.26	9.59	26.79	71.82

Ratios

Valuation

16.46

7.95

11.26

2.29

48.68

100.78

Profitability

69.02

87.12

27.40

19.24

14.37

Leverage & Liquidity

0.09

1.35

49.13

Returns

0.00

1.91

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
	74.46	74.44	74.39	74.39	74.39	74.39	74.32	74.32	74.32
	0.84	0.98	1.00	1.13	1.32	1.50	1.83	1.94	2.07
	24.70	24.57	24.61	24.48	24.28	24.11	23.85	23.74	23.61
	25.54	25.56	25.61	25.61	25.61	25.61	25.68	25.68	25.68
No. of Shareholders	1,85,340	2,20,702	2,84,189	3,23,258	3,16,520	3,13,409	3,10,109	3,08,307	3,06,445

Corporate Actions

Showing: All

Date	Type	Details
2026-08-27	AGM
2026-07-20	Board Meeting	Quarterly Results
2026-04-10	Board Meeting	Audited Results

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

InfrastructureEngineering - Construction

Waaree Renewable Technologies Ltd. operates in the Infrastructure sector under the Engineering - Construction industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

9 members across the board and senior leadership

Heema Shah

Company Secretary & Compliance Officer

—

Nilesh Gandhi

Chairman

₹8.00 L

Mar '26

Ambika Sharma

Non Executive Independent Director

₹7.25 L

Mar '26

Sunil Jain

Non Executive Independent Director

₹4.25 L

Mar '26

Sudhir Arya

Non Executive Independent Director

₹3.25 L

Mar '26

Pujan Doshi

Managing Director

₹36.00 L

Mar '26

Viren Doshi

Whole Time Director

—

Hitesh Mehta

Whole Time Director

—

Sunil Rathi

Whole Time Director

—

WAAREERTL Latest News

News

10 of 10 articles

COMPANY15 Sept 2026 · 10:59

Waaree Renewable Technologies’ arm incorporates wholly-owned subsidiary

Waaree Green Data Centers has incorporated wholly-owned subsidiary on September 14, 2026

COMPANY28 Aug 2026 · 16:16

Waaree Renewable Technologies gets LoA for ground-mounted Solar PV project

The project is scheduled to be completed during the financial year 2027-28, as per the terms of the order

EQUITY10 Aug 2026 · 12:28

Waaree Renewable Technologies gains on bagging LoA for 124 MWp solar PV project

The project is scheduled to be completed during the financial year 2026-27

COMPANY10 Aug 2026 · 12:09

Waaree Renewable Technologies bags LoA for 124 MWp solar PV project

The project is scheduled to be completed during the financial year 2026-27

EQUITY6 Aug 2026 · 11:20

Waaree Renewable Technologies moves up on securing 210MWp EPC contract from Solaris Horizon Energy

The project is scheduled to be completed during the financial year 2027-28, as per the terms of the order

COMPANY6 Aug 2026 · 11:08

Waaree Renewable Technologies secures 210MWp EPC contract from Solaris Horizon Energy

The project is scheduled to be completed during the financial year 2027-28, as per the terms of the order

EQUITY28 Jul 2026 · 12:07

Waaree Renewable inches up on signing ECI agreement for utility-scale solar PV project in New Zealand

This marks the company’s strategic entry into the Australia and New Zealand (ANZ) renewable energy market

COMPANY28 Jul 2026 · 11:58

Waaree Renewable signs ECI agreement for utility-scale solar PV project in New Zealand

This marks the company’s strategic entry into the Australia and New Zealand (ANZ) renewable energy market

EQUITY27 Jul 2026 · 10:10

Waaree Renewable moves up on securing 800 MWac solar EPC projects

The projects are scheduled to be completed during the financial year 2027-28, as per the terms of the order

COMPANY27 Jul 2026 · 09:51

Waaree Renewable secures 800 MWac solar EPC projects

The projects are scheduled to be completed during the financial year 2027-28, as per the terms of the order

WAAREERTL

₹803.00

-0.92%