Waaree Renewable Technologies Ltd (WAAREERTL) — shareholding pattern, promoter holding, financials and share price
About Waaree Renewable Technologies Ltd (WAAREERTL)
Waaree Renewable Technologies Ltd operates in the Other Electrical Equipment industry, within the Capital Goods sector. It trades on the NSE as WAAREERTL and on the BSE under scrip code 534618. Its ISIN is INE299N01021.
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.
Waaree Renewable Technologies Limited is an India-focused renewable energy company providing end-to-end solar EPC, O&M and IPP services, operating as a subsidiary of Waaree Energies and executing utility-scale, rooftop and floating solar projects across India with additional BESS and hybrid ambitions.
The company scaled rapidly in FY26: consolidated revenue reached Rs.3,331 crore (+108% YoY) with EBITDA of Rs.641 crore and an EBITDA margin around 19.2%, delivering PAT of Rs.479 crore and demonstrating strong operating leverage alongside exceptionally high reported ROE (~68.9%).
Listed peers in Other Electrical Equipment: Sedemac Mechatronics Ltd, Diamond Power Infrastructure Ltd, Avalon Technologies Ltd, Fujiyama Power Systems Ltd, Genus Power Infrastructures Ltd, Vikram Solar Ltd.
Valuation & Returns
10 Jul 2026At ₹1,015.9 a share on 10 Jul 2026, Waaree Renewable Technologies Ltd (WAAREERTL) was valued at a price-to-earnings ratio of 22.15x against an industry P/E of 52.37x and a price-to-book of 11.35x on a book value of ₹89.54 per share. Solomo computes return on equity of 51.23% and return on capital employed of 60.45% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 22.15x
- Industry P/E
- 52.37x
- P/B
- 11.35x
- EPS (TTM)
- ₹45.87
- Book value / share
- ₹89.54
- ROE
- 51.23%
- ROCE
- 60.45%
- ROA
- 20.16%
- Debt / equity
- 0.16x
- Dividend yield
- 0.1%
- EBITDA margin
- 19.86%
- 52-week range
- ₹779.5 – ₹1,358
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Waaree Renewable Technologies Ltd (WAAREERTL) reported revenue of ₹3,331 crore, net profit of ₹479 crore and earnings per share of ₹45.88. That compares with revenue of ₹1,598 crore and net profit of ₹229 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹1,102 crore and net profit ₹156 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 162 | 351 | 876 | 1,598 | 3,331 |
| Net profit (₹ cr) | 9 | 55 | 145 | 229 | 479 |
| EPS (₹) | 0.83 | 5.32 | 13.95 | 21.98 | 45.88 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 146.41% | 281.54% | 118.30% | 82.29% |
| Profit growth | 138.38% | - | 124.06% | 57.64% |
| Stock price CAGR | 72% | 98% | 55% | -17% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74.32% of Waaree Renewable Technologies Ltd (WAAREERTL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 1.98% and domestic institutional investors (DII) hold 0.09%. Market capitalisation was ₹10,600 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2012.
Largest disclosed public shareholders in Jun 2026: HITESH P MEHTA 1.05%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74.32% | - | 1.98% | 0.09% | 25.68% |
| Mar 2026 | 74.32% | - | 1.85% | 0.09% | 25.68% |
| Dec 2025 | 74.32% | - | 1.7% | 0.13% | 25.68% |
| Sep 2025 | 74.39% | - | 1.38% | 0.12% | 25.61% |
| Jun 2025 | 74.39% | - | 1.31% | 0.14% | 25.61% |
| Mar 2025 | 74.39% | - | 1.13% | 0.24% | 25.61% |
| Dec 2024 | 74.39% | - | 0.99% | 0.01% | 25.61% |
| Sep 2024 | 74.44% | - | 0.98% | 0% | 25.56% |