Waaree Renewable Technologies Limited
WAAREERTL · 534618 · Industrials · Other Electrical Equipment
- Market cap
- Rs 7,226 Cr
- P/E
- 15.50x
- P/B
- 6.46x
- 52W high / low
- Rs 1,308.1 / Rs 653.75
P/E, P/B and ROE are inconsistent: ROE x P/E = 10.63 but P/B = 6.46 (> 25% apart); one input is likely on a different basis. Our computed roe (68.55%) diverges from BSE's own published figure (150.94%) by more than 100%. BSE's figure is a different, BSE-computed number (not necessarily TTM, standalone-only) — treat as a cross-check/fallback signal, not proof either figure is wrong.
About Waaree Renewable Technologies
Waaree Renewable Technologies Limited is listed on the NSE under the symbol WAAREERTL and on the BSE under scrip code 534618. It is classified in the Industrials sector, industry: Other Electrical Equipment. It is a constituent of BSE 1000. The company listed on 9 Apr 2025 and has a face value of Rs 2.
The latest available end-of-day price is Rs 692.1 (+2.90% on the day), for a market capitalisation of Rs 7,226 Cr. Trailing P/E is 15.50x and price-to-book is 6.46x. The 52-week range is Rs 653.75 to Rs 1,308.1. The latest price is 6% of the way from the 52-week low to the 52-week high.
Against the 15-company comparison set from the official BSE basic industry Other Electrical Equipment, its market capitalisation is 0.6 times the peer median of Rs 11,690 Cr, and its P/E of 15.50x compares with a peer median of 17.20x. The comparison set is chosen mechanically from the exchange classification; it is not a ranking.
Latest annual results
For FY26 (year ended 31 Mar 2026), Waaree Renewable Technologies Limited reported revenue of Rs 3,331 Cr and net profit of Rs 479 Cr, with a net margin of 14.37% and earnings per share of Rs 45.91 (consolidated statements).
Year-on-year change: revenue +107.86%; net profit +109.08%; EPS +108.68%. Three-year compound annual growth rate: revenue +111.82%; net profit +105.24%.
At the same date the balance sheet shows total assets of Rs 2,374 Cr, shareholders' equity of Rs 934 Cr, total debt of Rs 81.7 Cr, cash of Rs 71.8 Cr, a debt-to-equity ratio of 0.09 and operating cash flow of Rs 287 Cr.
On a trailing-twelve-month basis the filings add up to revenue of Rs 3,936 Cr, net income of Rs 476 Cr and a net margin of 12.10%.
Shareholding pattern
In the shareholding pattern for 30 Sept 2026, Waaree Renewable Technologies Limited's ownership is split: promoters 74.30%; foreign institutional investors (FIIs) 2.02%; domestic institutional investors (DIIs) 0.09%; retail and other shareholders 23.59%.
Compared with the filing for 30 Jun 2026: promoter holding −0.02 percentage points; FII holding +0.04 percentage points; DII holding 0.00 percentage points.
The same filing lists reported promoter pledge of 0.00% and 3,01,491 shareholders on record.
Recent filings and corporate actions
109 BSE corporate announcements were filed by Waaree Renewable Technologies Limited in the past twelve months; the most frequent category is "Company Update" (82). The most recent is "Please find attached herewith Transcript of Earning Call held on 21st October 2026" (Company Update), filed on 28 Oct 2026.
The disclosed corporate-action timeline lists 5 entries: dividend (4), split (1). The latest is a dividend (Interim Dividend - Rs. - 1.0000) with ex-date 24 Jan 2025.
Figures are raw disclosures from official NSE/BSE and SEBI filings plus mechanically computed ratios, restated in words. This is research data, not investment advice, a rating or a recommendation; DalalOS is not a SEBI-registered investment advisor.
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Peer comparison
Official BSE basic industry: Other Electrical Equipment. Limited to companies within a 0.1x–10x market-cap band.
Edit columns
| Waaree Energies Limited | Rs 2,318 | Rs 66,677 Cr | Rs 32,189 Cr | Rs 3,879 Cr | 18.05x | 21.97% |
| Apar Industries Limited | Rs 15,846 | Rs 63,653 Cr | Rs 24,485 Cr | Rs 1,182 Cr | 53.87x | 23.88% |
| Premier Energies Limited | Rs 865.1 | Rs 39,271 Cr | Rs 8,664 Cr | Rs 1,674 Cr | 23.26x | 46.71% |
| Mtar Technologies Limited | Rs 7,158.5 | Rs 22,019 Cr | Rs 1,111 Cr | Rs 133 Cr | — | 17.20% |
| Diamond Power Infrastructure Limited | Rs 341.65 | Rs 18,004 Cr | Rs 2,314 Cr | Rs 197 Cr | — | — |
| Emmvee Photovoltaic Power Limited | Rs 243.7 | Rs 16,872 Cr | Rs 6,063 Cr | Rs 1,418 Cr | 11.72x | 32.31% |
| Avalon Technologies Limited | Rs 2,062.7 | Rs 13,781 Cr | Rs 1,794 Cr | Rs 134 Cr | — | 20.04% |
| Fujiyama Power Systems Limited | Rs 380.9 | Rs 11,690 Cr | — | — | 37.20x | — |
| Genus Power Infrastructures Limited | Rs 278.3 | Rs 7,701 Cr | Rs 5,265 Cr | Rs 652 Cr | 11.81x | 31.90% |
| Waaree Renewable Technologies LimitedThis company | Rs 692.1 | Rs 7,226 Cr | Rs 3,961 Cr | Rs 476 Cr | 15.50x | 68.55% |
| Ram Ratna Wires Limited | Rs 555.3 | Rs 5,184 Cr | Rs 6,867 Cr | Rs 142 Cr | 36.90x | 26.45% |
| Vikram Solar Limited | Rs 128 | Rs 4,638 Cr | Rs 5,299 Cr | Rs 357 Cr | 12.62x | 11.26% |
| Saatvik Green Energy Limited | Rs 348.4 | Rs 4,429 Cr | Rs 4,188 Cr | Rs 248 Cr | 16.36x | 18.23% |
| Yash Highvoltage Ltd | Rs 1,264.75 | Rs 3,780 Cr | Rs 335 Cr | Rs 60 Cr | 60.63x | 18.76% |
| Websol Energy System Limited | Rs 66.96 | Rs 2,907 Cr | — | — | 9.59x | — |
| Median | Rs 555.3 | Rs 11,690 Cr | Rs 5,265 Cr | Rs 357 Cr | 17.20x | 22.93% |
Peers are selected mechanically from the official BSE industry hierarchy and current market-cap band. This is a comparison set, not a ranking or recommendation.
Companies related to Waaree Renewable Technologies
Same official industry (Other Electrical Equipment)
- Waaree Energies LimitedWAAREEENER · Market cap Rs 66,677 Cr
- Apar Industries LimitedAPARINDS · Market cap Rs 63,653 Cr
- Premier Energies LimitedPREMIERENE · Market cap Rs 39,271 Cr
- Mtar Technologies LimitedMTARTECH · Market cap Rs 22,019 Cr
- Diamond Power Infrastructure LimitedDIACABS · Market cap Rs 18,004 Cr
- Emmvee Photovoltaic Power LimitedEMMVEE · Market cap Rs 16,872 Cr
- Avalon Technologies LimitedAVALON · Market cap Rs 13,781 Cr
- Fujiyama Power Systems LimitedUTLSOLAR · Market cap Rs 11,690 Cr
Other Industrials companies of a similar market capitalisation
- Transformers And Rectifiers (India) LimitedTARIL · Market cap Rs 9,480 Cr
- RITES LimitedRITES · Market cap Rs 9,363 Cr
- KEC International LimitedKEC · Market cap Rs 9,153 Cr
- TITAGARH RAIL SYSTEMS LIMITEDTITAGARH · Market cap Rs 8,952 Cr
- Jupiter Wagons LimitedJWL · Market cap Rs 8,253 Cr
- Afcons Infrastructure LimitedAFCONS · Market cap Rs 7,784 Cr
- NCC LimitedNCC · Market cap Rs 7,416 Cr
- RHI MAGNESITA INDIA LIMITEDRHIM · Market cap Rs 7,228 Cr
Companies are grouped mechanically from the exchange classification and listed by market capitalisation. This is a comparison set, not a ranking or recommendation.