WAAREE RENEWABLE TECH LTD (WAAREERTL) financials

WAAREE RENEWABLE TECH LTD (WAAREERTL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1999, Waaree Renewables Technologies Ltd is engaged in the business of generation of power through renewable energy sources and also provides consultancy services in this regard.[1]Waaree Energy is one of the largest vertically integrated new energy companies. It has India's largest Solar panel manufacturing capacity of 12GW at its plants in Chikhli, Surat and Umbergaon in Gujarat.

Market Cap: ₹8,738Cr.
Current Price: ₹837
Stock P/E: 17.1
ROE: 68.6%
ROCE: 85.0%
Book Value: ₹90.0
Dividend Yield: 0.00%
52W High / Low: ₹1,358/780

In Jun 2026, WAAREE RENEWABLE TECH LTD (WAAREERTL) reported sales ₹811 Cr and net profit ₹114 Cr.

Annual TTM: sales ₹3,539 Cr, net profit ₹510 Cr.

Shareholding: Promoters 74.30% (Sep 2026), FIIs 2.02% (Sep 2026), DIIs 0.09% (Sep 2026), Public 23.58% (Sep 2026), No. of Shareholders 3,01,491% (Sep 2026).

WAAREERTL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	524	360	477	603	775	851	1,102	811
Expenses	453	288	350	486	617	692	896	652
Operating Profit	72	72	126	118	158	159	207	159
OPM %	14%	20%	27%	19%	20%	19%	19%	20%
Other Income	3	4	1	5	5	7	8	7
Interest	4	3	4	4	4	3	3	7
Depreciation	2	2	2	2	2	2	2	2
Profit before tax	69	71	121	117	157	160	210	157
Tax %	23%	24%	23%	26%	26%	24%	25%	27%
Net Profit	54	54	94	87	117	122	157	114
EPS in Rs	5.14	5.14	9.01	8.30	11.22	11.66	15.08	10.97
Raw PDF	—	—	—	—	—	—	—	—

WAAREERTL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2	8	154	342	876	1,597	3,331	3,539
Expenses	2	5	140	266	669	1,286	2,690	2,857
Operating Profit	0	3	13	76	207	311	641	683
OPM %	1.5%	36%	9%	22%	24%	19%	19%	19%
Other Income	3	4	14	5	4	11	24	26
Interest	3	4	1	1	7	15	13	17
Depreciation	0	0	0	0	6	6	8	9
Profit before tax	-0	3	26	80	199	301	644	684
Tax %	-52%	12%	21%	26%	27%	24%	25%	—
Net Profit	-0	2	20	59	145	229	483	510
EPS in Rs	-0.02	0.22	1.96	5.71	13.97	22.01	46.25	48.93
Dividend Payout %	0%	0%	5%	4%	7%	5%	0%	—

WAAREERTL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	21	21	21	21	21	21	21
Reserves	1	10	12	31	91	227	436	919
Borrowings	36	37	37	0	0	40	27	115
Other Liabilities	1	1	13	80	143	427	637	1,289
Total Liabilities	48	68	83	132	254	715	1,121	2,343
Fixed Assets	4	3	3	3	9	154	195	238
CWIP	0	0	0	0	80	3	56	111
Investments	32	32	32	1	0	9	52	31
Other Assets	13	33	48	128	165	549	818	1,962
Total Assets	48	68	83	132	254	715	1,121	2,343

WAAREERTL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	5	3	3	34	58	128	302	291
Cash from Investing Activity	-31	3	-8	19	-66	-114	-237	-272
Cash from Financing Activity	27	-6	5	-39	-2	-7	-49	26
Net Cash Flow	0	0	0	13	-10	6	17	45
Free Cash Flow	4	3	3	33	-28	117	201	232
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	195%	11,900%	129%	277%	84%	74%	120%	66%

WAAREERTL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	74.39%	74.39%	74.39%	74.39%	74.32%	74.32%	74.32%	74.30%
FIIs	0.99%	1.13%	1.31%	1.38%	1.70%	1.85%	1.98%	2.02%
DIIs	0.01%	0.24%	0.14%	0.12%	0.14%	0.09%	0.09%	0.09%
Public	24.60%	24.25%	24.16%	24.12%	23.85%	23.73%	23.61%	23.58%
No. of Shareholders	2,84,189	3,23,258	3,16,520	3,13,409	3,10,109	3,08,307	3,06,445	3,01,491

WAAREERTL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	209	4	118	107	65	155	114	128
Inventory Days	—	—	44	5	53	17	2	20
Days Payable	—	—	260	159	111	168	91	129
Cash Conversion Cycle	209	4	-98	-47	7	3	25	19
Working Capital Days	224	59	1,640	25	11	2	-10	9
ROCE %	11%	5%	9%	45%	99%	103%	82%	85%

WAAREERTLUpdated 19 Oct 2026, 6:19

Waaree Renewable Tech Ltd

WAAREERTLUpdated 19 Oct 2026, 6:19

Market Cap

₹8,738Cr.

Current Price

₹837

High / Low

₹1,358/780

Stock P/E

17.1

ROE68.6%

ROCE85.0%

Book Value₹90.0

Face Value₹2.00

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	129	1	116	1	1	12	26	9	0.88
Sep 2023	150	2	119	1	2	28	25	21	1.98
Dec 2023	324	0	236	1	2	86	26	64	6.18
Mar 2024	273	4	198	2	2	72	29	51	4.93
Jun 2024	236	3	195	3	2	40	28	28	2.73
Sep 2024	524	4	453	3	2	69	23	54	5.14
Dec 2024	360	3	288	4	2	71	24	54	5.14
Mar 2025	477	4	350	1	2	121	23	94	9.01
Jun 2025	603	4	486	5	2	117	26	87	8.3
Sep 2025	775	4	617	5	2	157	26	117	11.22
Dec 2025	851	3	692	7	2	160	24	122	11.66
Mar 2026	1102	3	896	8	2	210	25	157	15.08
Jun 2026	811	7	652	7	2	157	27	114	10.97

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	0	0	0	0	0	0	25	0	0.02
Mar 2016	0	0	0	0	0	0	31	0	0.02
Mar 2017	0	0	0	0	0	0	0	0	-0.01
Mar 2018	1	0	2	1	0	0	73	0	0.02
Mar 2019	5	2	3	1	0	1	65	0	0.06
Mar 2020	2	3	2	3	0	0	-52	0	-0.02
Mar 2021	8	4	5	4	0	3	12	2	0.22
Mar 2022	154	1	140	14	0	26	21	20	1.96
Mar 2023	342	1	266	5	0	80	26	59	5.71
Mar 2024	876	7	669	4	6	199	27	145	13.97
Mar 2025	1597	15	1286	11	6	301	24	229	22.01
Mar 2026	3331	13	2690	24	8	644	25	483	46.25
TTM	3539	17	2857	26	9	684	—	510	48.93

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	74.3%
FIIs	2.02%
DIIs	0.09%
Public	23.58%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	74.46%	0%	0.09%	25.43%
Mar 2024	74.46%	0.2%	0.01%	25.33%
Jun 2024	74.46%	0.83%	0.01%	24.69%
Sep 2024	74.44%	0.98%	0%	24.58%
Dec 2024	74.39%	0.99%	0.01%	24.6%
Mar 2025	74.39%	1.13%	0.24%	24.25%
Jun 2025	74.39%	1.31%	0.14%	24.16%
Sep 2025	74.39%	1.38%	0.12%	24.12%
Dec 2025	74.32%	1.7%	0.14%	23.85%
Mar 2026	74.32%	1.85%	0.09%	23.73%
Jun 2026	74.32%	1.98%	0.09%	23.61%
Sep 2026	74.3%	2.02%	0.09%	23.58%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	10	0	0	0	10	0	0	1	10	10
Mar 2016	10	0	0	0	10	0	0	1	10	10
Mar 2017	10	0	0	0	10	0	0	0	10	10
Mar 2018	10	0	0	2	12	4	0	0	9	12
Mar 2019	10	1	36	1	48	4	0	32	13	48
Mar 2020	21	10	37	1	68	3	0	32	33	68
Mar 2021	21	12	37	13	83	3	0	32	48	83
Mar 2022	21	31	0	80	132	3	0	1	128	132
Mar 2023	21	91	0	143	254	9	80	0	165	254
Mar 2024	21	227	40	427	715	154	3	9	549	715
Mar 2025	21	436	27	637	1121	195	56	52	818	1121
Mar 2026	21	919	115	1289	2343	238	111	31	1962	2343

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	0	0	0	0
Mar 2016	0	0	0	0
Mar 2017	-2	1	1	0
Mar 2018	0	-3	2	0
Mar 2019	5	-31	27	0
Mar 2020	3	3	-6	0
Mar 2021	3	-8	5	0
Mar 2022	34	19	-39	13
Mar 2023	58	-66	-2	-10
Mar 2024	128	-114	-7	6
Mar 2025	302	-237	-49	17
Mar 2026	291	-272	26	45

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	46	0	0	115	209	4	118	107	65	155	114	128
Inventory Days	—	—	—	—	—	—	44	5	53	17	2	20
Days Payable	—	—	—	—	—	—	260	159	111	168	91	129
Cash Conversion Cycle	46	0	0	115	209	4	-98	-47	7	3	25	19
Working Capital Days	10,460	7,140	9,111	-303	224	59	1,640	25	11	2	-10	9
ROCE %	1%	1%	-0%	5%	11%	5%	9%	45%	99%	103%	82%	85%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of WAAREE RENEWABLE TECH LTD (WAAREERTL)?

The reported market capitalisation for WAAREE RENEWABLE TECH LTD (WAAREERTL) is ₹8,738Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of WAAREERTL?

The current price shown for WAAREE RENEWABLE TECH LTD (WAAREERTL) on Fincrux is ₹837 with a 52-week high/low of ₹1,358/780.

What is the P/E ratio of WAAREE RENEWABLE TECH LTD (WAAREERTL)?

The stock P/E for WAAREE RENEWABLE TECH LTD (WAAREERTL) is 17.1 on Fincrux, with ROE at 68.6% and ROCE at 85.0%.

What were WAAREERTL latest quarterly results?

For Jun 2026, WAAREE RENEWABLE TECH LTD (WAAREERTL) reported sales ₹811 Cr and net profit ₹114 Cr (figures in ₹ crore unless noted).

What are WAAREERTL annual sales and net profit?

For TTM, WAAREE RENEWABLE TECH LTD (WAAREERTL) shows sales of ₹3,539 Cr and net profit of ₹510 Cr on the Fincrux profit & loss statement.

Who owns WAAREE RENEWABLE TECH LTD (WAAREERTL)?

Latest shareholding for WAAREE RENEWABLE TECH LTD (WAAREERTL) on Fincrux: Promoters 74.30% (Sep 2026), FIIs 2.02% (Sep 2026), DIIs 0.09% (Sep 2026), Public 23.58% (Sep 2026), No. of Shareholders 3,01,491% (Sep 2026).

Where can I find WAAREE RENEWABLE TECH LTD (WAAREERTL) financials?

WAAREE RENEWABLE TECH LTD (WAAREERTL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show WAAREERTL balance sheet and cash flow?

Yes. The WAAREE RENEWABLE TECH LTD (WAAREERTL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 19 October 2026 at 6:19