Waaree Renewable Technologies Limited

Capital Goods · Electrical Equipment

NSE: WAAREERTL BSE: 534618

₹819.95

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Electrical Equipment

The largest companies in the same industry by market cap. This company ranks #27 of 95. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Bharat Heavy Electricals Limited	144,680	59.9	6.1%	73.0%	—	54	36	32
ABB India Limited	143,589	92.3	13.6%	30.3%	1.76%	73	0	28
Hitachi Energy India Limited	136,525	118.7	19.1%	68.9%	0.03%	81	33	31
CG Power and Industrial Solutions Limited	134,535	96.5	14.5%	15.5%	0.15%	81	0	30
Siemens Limited	132,676	107.1	11.2%	19.4%	0.48%	72	0	29
Siemens Energy India Limited	113,959	76.6	—	-5.9%	0.13%	94	0	66
GE Vernova T&D India Limited	107,565	82.4	45.8%	36.7%	0.24%	94	31	31
Apar Industries Limited	72,791	59.7	18.1%	111.6%	0.35%	62	25	50
Waaree Renewable Technologies Limited (this stock)	8,556	16.8	51.3%	-21.7%	—	88	58	46

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹8,566 Cr

EV / EBITDA

12.1x

EV / Sales

2.42x

Market cap / Sales

2.42x

Earnings yield

5.97%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 818 Cr, up 34.6% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 114 Cr, up 32.3% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	811	157	114	₹10.9700
March 31, 2026	1,102	210	157	₹15.1100
Dec. 31, 2025	851	160	122	₹11.6400
Sept. 30, 2025	775	157	117	₹11.2300
June 30, 2025	603	117	87	₹8.3000
March 31, 2025	477	121	94	₹9.0100
Sept. 30, 2024	524	69	54	₹5.1400
June 30, 2024	236	40	28	₹2.7300
March 31, 2024	271	72	53	₹5.0700
Sept. 30, 2023	148	25	19	₹8.9200
June 30, 2023	127	16	12	₹5.7400
March 31, 2023	60	21	16	₹7.5100
Dec. 31, 2022	72	36	27	₹12.7800

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Sep 24	Jun 24	Mar 24	Sep 23	Jun 23	Mar 23	Dec 22
Total income (before exceptional items)	818	1,110	858	780	608	481	528	239	273	149	129	61	73
Operating revenue	811	1,102	851	775	603	477	524	236	271	148	127	60	72
Other income	7	8	7	5	5	5	3	3	2	2	2	1	1
Operating expenses	652	896	692	617	486	350	453	195	198	122	113	39	38
Operating profit	159	207	159	158	118	126	72	41	73	26	14	21	34
Operating profit margin	19.7%	18.8%	18.7%	20.4%	19.5%	26.5%	13.6%	17.5%	26.9%	17.4%	11.3%	35.4%	47.8%
Depreciation	2	2	2	2	2	2	2	2	1	1	0	0	0
Interest	7	3	3	4	4	4	4	3	3	2	0	1	0
Exceptional items, gain / (loss)	—	—	—	—	—	-4	—	—	—	—	—	—	—
Profit before tax	157	210	160	157	117	121	69	40	72	25	16	21	36
Tax	42	52	38	40	30	27	16	11	19	7	4	6	9
Net profit	114	157	122	117	87	94	54	28	53	19	12	16	27
EPS	10.97	15.11	11.64	11.23	8.30	9.01	5.14	2.73	5.07	8.92	5.74	7.51	12.78
Net profit (TTM)	510	483	419	351	262	229	153	112	99	73	63	59	52
EPS (TTM)	48.95	46.28	40.18	33.68	25.18	21.95	21.86	22.46	27.24	34.95	30.08	28.53	24.87

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	3,331	644	483
March 31, 2025	1,597	301	229

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	113.1%	212.3%	3,355^†	—	347^†	168^†	11^†	5^†	6^†	—	—
Operating revenue	113.6%	237.5%	3,331	1,597	342^†	154^†	8^†	2^†	5^†	2^†	0^†
Other income	—	—	24^†	—	5^†	14^†	4^†	3^†	1^†	—	—
Operating expenses	—	—	2,690^†	—	266^†	140^†	5^†	2^†	3^†	—	—
Operating profit	103.6%	197.4%	641^†	—	76^†	13^†	3^†	0^†	2^†	—	—
Operating profit margin	—	—	19.2%^†	—	22.2%^†	8.7%^†	36.2%^†	2.2%^†	49.5%^†	—	—
Depreciation	—	—	8^†	—	0^†	0^†	0^†	0^†	0^†	0^†	—
Interest	—	—	13^†	—	1^†	1^†	4^†	3^†	2^†	—	—
Exceptional items, gain / (loss)	—	—	0^†	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	100.5%	199.7%	644	301	80^†	26^†	3^†	-0^†	1^†	0^†	-0^†
Tax	—	—	161^†	—	20^†	6^†	0^†	1^†	1^†	0^†	—
Net profit	101.0%	190.3%	483	229	59^†	20^†	2^†	-1^†	0^†	0^†	-0^†
EPS	17.5%	—	46.28^†	—	28.53^†	9.82^†	—	-0.52^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	19.2%^†	—	22.2%^†	8.7%^†	36.2%^†	2.2%^†	49.5%^†	—	—
EBIT margin	19.7%^†	—	23.7%^†	17.9%^†	82.7%^†	151.2%^†	62.0%^†	—	—
PBT margin	19.3%	18.8%	23.4%^†	16.9%^†	35.0%^†	-20.1%^†	18.2%^†	20.6%^†	-13.6%^†
Net margin	14.5%	14.4%	17.4%^†	13.3%^†	30.8%^†	-54.5%^†	6.1%^†	6.1%^†	-20.6%^†
Interest coverage	49.44x^†	—	68.63x^†	18.65x^†	1.73x^†	0.88x^†	1.41x^†	—	—
Dividend payout	—	—	—	—	—	—	—	—	—
Earnings retention	—	—	—	—	—	—	—	—	—
Current ratio	1.35x	1.33x	—	—	—	—	—	—	—
Quick ratio	1.26x	1.32x	—	—	—	—	—	—	—
Debt to equity	0.09x	0.06x	—	—	—	—	—	—	—
Return on equity	51.4%	50.2%	—	—	—	—	—	—	—
Return on assets	20.6%	20.5%	—	—	—	—	—	—	—
Return on capital employed	64.1%^†	—	—	—	—	—	—	—	—
Asset turnover	1.42x	1.42x	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	291	-272	26	59	232
March 31, 2025	302	-237	-49	101	201

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	2,343	939	919	63	18	1,782	1,319	72	238	117
March 31, 2025	1,121	457	436	3	24	815	613	27	195	6

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.