Waaree Renewable Technologies financials

·Capital Goods & DefenceChart ›
Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹1,058cr+36.5% on Q2 FY26
Net profit
₹81.5cr−30.0% on Q2 FY26
EBITDA margin
15.1%−5.3 pts on Q2 FY26
EPS
₹7.07−36.6% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue1,058775+36.5%
EBITDA160158+1.3%
EBITDA margin15.1%20.4%−5.3 pts
Profit before tax105157−32.7%
Net profit81.5116−30.0%
EPS₹7.07₹11.16−36.6%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹1,058 crNet profit₹81.5 crNet margin7.7%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025
7,222——
21494.778.8
627−0.5−0.5
81.781.727.4
7,717——
3,9363,3311,598
—+108.5%—
699641311
17.8%19.2%19.5%
662632305
476479229
12.1%14.4%14.3%
₹45.65₹45.87₹21.96
—+108.9%—
—287303
—−122−101
164164201
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

WAAREERTL₹692.10

Waaree Renewable Technologies Ltd.

· Capital Goods & Defence
₹ CrorePeersSWSOLARWAAREEENERVOLTAMPWEBELSOLARVIKRAMSOLRUTLSOLARTRANSRAILLTIMETECHNOMcap ₹7,222 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization——7,221.8
- Cash, Equiv & ST Investments78.894.7214.0
+ Minority Interest-0.5-0.5627.1
+ Total Debt27.481.781.7
Enterprise Value——7,716.6
Revenue1,597.73,331.43,935.5
Growth %, YoY—+108.5—
EBITDA310.9641.1699.1
Margin %19.4619.2417.76
EBIT304.5632.5662.1
Net Income228.9478.6476.4
Margin %14.3314.3712.10
EPS, Adj (current shares)21.9645.8745.65
Growth %, YoY—+108.9—
Cash from Operations302.7287.0—
Capital Expenditures-101.4-122.5—
Free Cash Flow201.3164.5164.5
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Waaree Renewable Technologies financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

Waaree Renewable Technologies (NSE: WAAREERTL) had a market capitalisation of ₹7,226 crore at the previous close (₹692.10 a share), a PE ratio of 15.5 on the last four quarters' profit and a price-to-book ratio of 6.46. In FY26 its consolidated net profit attributable to shareholders was ₹479 crore on revenue of ₹3,331 crore; in Q2 FY27 (July–September 2026) it was ₹73.9 crore, down 36.5% year on year. Its debt-to-equity ratio was 0.81 on 30 September 2026. Promoters held 74.30% of the shares on 30 September 2026.

Share price used
₹692.10 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Waaree Renewable Technologies at a glance · consolidated

Market cap
₹7,226 Crat ₹692.10 · previous close
PE ratio (last 4 quarters)
15.515.1 on FY26 profit
Price to book (PB)
6.46book value ₹107.13 a share
ROE (FY26)
68.9%ROCE 81.5%
Debt to equity
0.81net debt ₹1,056 Cr
Promoter holding
74.30%unchanged vs 30 Jun 202630 September 2026
Net worth
₹1,118 Cr+70.0% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹164 Cr−18.3% vs FY25
EPS (FY26)
₹45.91

Questions

What is the Waaree Renewable Technologies PE ratio today?

Waaree Renewable Technologies' PE ratio is 15.5 at the previous close (₹692.10 a share): a market capitalisation of ₹7,226 crore divided by consolidated net profit attributable to shareholders of ₹466 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹479 crore) it is 15.1.

What is the Waaree Renewable Technologies PB ratio (price to book value)?

Waaree Renewable Technologies' price-to-book (PB) ratio is 6.46 at the previous close: a market capitalisation of ₹7,226 crore divided by shareholders' equity (book value) of ₹1,118 crore on 30 September 2026. That is a book value of ₹107.13 per share against a share price of ₹692.10.

What is the Waaree Renewable Technologies net worth?

Waaree Renewable Technologies' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,118 crore on 30 September 2026, up 70.0% from ₹658 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹7,226 crore at the previous close.

What is the Waaree Renewable Technologies market cap?

Waaree Renewable Technologies' market capitalisation was ₹7,226 crore at the previous close: 10.44 crore shares at ₹692.10 each.

Is Waaree Renewable Technologies debt free?

No. Waaree Renewable Technologies had borrowings of ₹1,413 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.81. Its cash and current investments were ₹357 crore, so its net debt was ₹1,056 crore.

What is the Waaree Renewable Technologies EPS?

Waaree Renewable Technologies' basic earnings per share (EPS) were ₹45.91 in FY26, against ₹22.00 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹44.64.

What is the Waaree Renewable Technologies debt to equity ratio?

Waaree Renewable Technologies' debt-to-equity ratio was 0.81 on 30 September 2026: borrowings of ₹1,413 crore against total equity of ₹1,746 crore. A year earlier, on 30 September 2025, it was 0.04.

What is the Waaree Renewable Technologies book value per share?

Waaree Renewable Technologies' book value per share was ₹107.13 on 30 September 2026: shareholders' equity of ₹1,118 crore divided by the 10.44 crore shares in issue, up 69.7% from ₹63.13 a year earlier. The share price at the previous close was ₹692.10.

What is the Waaree Renewable Technologies promoter holding?

Promoters held 74.30% of Waaree Renewable Technologies on 30 September 2026, down 0.02 percentage points from 74.32% the previous quarter and down 0.09 percentage points from 74.39% a year earlier, according to the shareholding pattern filed with NSE.

What is the Waaree Renewable Technologies ROE and ROCE?

In FY26, Waaree Renewable Technologies' return on equity (ROE) was 68.9% and its return on capital employed (ROCE) was 81.5%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).

What is the Waaree Renewable Technologies shareholding pattern?

On 30 September 2026, Waaree Renewable Technologies' shares were held by promoters 74.30%, foreign portfolio investors (FII/FPI) 2.02%, domestic institutions (DII) 0.09% (including mutual funds at 0.07%) and retail and other non-institutional investors 23.58%. Over the year, FII holding was up 0.64 percentage points from 1.38% and DII holding was down 0.03 percentage points from 0.12%.

Waaree Renewable Technologies vs Sterling and Wilson Renewable Energy: how do they compare?

In FY26, Waaree Renewable Technologies earned net profit attributable to shareholders of ₹479 crore on revenue of ₹3,331 crore, against ₹309 crore on ₹7,548 crore for Sterling and Wilson Renewable Energy. Waaree Renewable Technologies' operating margin was 19.0% (Sterling and Wilson Renewable Energy 3.9%) and its return on equity 68.9% (Sterling and Wilson Renewable Energy −37.4%).

What is the Waaree Renewable Technologies free cash flow?

In FY26, Waaree Renewable Technologies generated ₹287 crore of cash from operations and spent ₹122 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹164 crore. In FY25 it was ₹201 crore.

What is the Waaree Renewable Technologies revenue and profit in FY26?

In FY26 (April 2025–March 2026), Waaree Renewable Technologies' consolidated net profit attributable to shareholders was ₹479 crore, up 108.9% from ₹229 crore in FY25, on revenue from operations of ₹3,331 crore (up 108.5%).

When are the Waaree Renewable Technologies next results?

Waaree Renewable Technologies has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

What are the Waaree Renewable Technologies latest quarterly results?

Waaree Renewable Technologies' latest results are for Q2 FY27 (July–September 2026), filed on 19 October 2026: consolidated net profit attributable to shareholders ₹73.9 crore, down 36.5% from ₹116 crore in Q2 FY26; revenue from operations ₹1,058 crore, up 36.5% year on year.

Where do these Waaree Renewable Technologies figures come from?

From Waaree Renewable Technologies' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.