Waaree Renewable Technologies Limited

Waaree Renewable Technologies Limited (WAAREERTL) is a small-cap Capital Goods company valued at ₹8,735 crore operating in Other Electrical Equipment on the NSE and BSE.

Recent price move

Waaree Renewable Technologies Limited last traded at ₹839, up 4.04% on the day.

Recent developments

2026-08-28: The company reported winning new orders, which could boost its order book and future revenue. 2026-07-27: The company signed a pact with ECI for a solar-plus-storage project in New Zealand, marking its entry into the ANZ market. 2026-07-27: The company secured two EPC contracts for 800 MWac solar projects, adding to its order book and reinforcing its position in the renewable energy sector.

Financial performance

The company's business is growing rapidly, with annual revenue and net profit both rising 108.5% and 109.0% respectively compared to the prior year. The latest quarter saw revenue and net profit increase 53.3% and 38.3% compared to the same quarter a year earlier, showing strong momentum. The net profit margin remained stable at 14.4%, while return on capital employed improved to 60.5%.

Valuation multiples

The stock trades at 18.3 times earnings, 11.44 times book value. It yields 0.1%.

Things to watch

The company's return on equity is 0.0%, which suggests poor efficiency in generating returns for shareholders. The stock is 40.4% below its 52-week high, indicating a significant drop from recent peak levels. Promoter holding remains at 74.32%, which is high but stable.

Where it stands

The company has delivered strong growth in both revenue and net profit over the past year and quarter, with a net profit margin that has remained steady. The most significant movement was the 40.4% drop from its 52-week high, which highlights recent volatility. The company's recent order wins and new market entries suggest continued expansion, but the return on equity remains at zero, indicating potential inefficiencies in capital usage.

Summarised by DocStoX's model on 2026-10-03 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.