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Waaree Renewable Technologies Ltd. (WAAREERTL.NS)

INR993.90 -1.00 (-0.10%)
IN NSE Utilities Renewable Utilities
Address 504, Western Edge-1 400066
Mumbai, IN
CEO Pujan Pankaj Doshi
IPO 2025-04-09
ISIN INE299N01021

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Also trades on Bombay Stock Exchange · WAAREERTL.BO (INR) National Stock Exchange of India · WAAREERTL.NS (INR)
Description

Waaree Renewable Technologies Limited (WAAREERTL.NS) is an Indian enterprise dedicated to producing electricity using sustainable energy methods. The company offers a broad spectrum of solar power solutions, including land-based arrays, installations on rooftops, and water-borne floating solar farms. Their commercial offerings encompass both Capital Expenditure (CAPEX) models and Renewable Energy Service Company (RESCO) Operational Expenditure (OPEX) agreements. Beyond project development, WAAREERTL provides complete Engineering, Procurement, and Construction (EPC) services, as well as ongoing Operations and Maintenance (O&M) support for its facilities. Its client base is diverse, spanning individual consumers, industrial businesses, and commercial organizations. Founded in 1999, the company is based in Mumbai, India. In July 2021, it transitioned from its former identity, Sangam Renewables Limited, to its current name. Waaree Renewable Technologies Limited operates as a significant subsidiary of Waaree Energies Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR993.90 -1.00 (-0.10%)
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Volume Profile
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Liquidity & share structure
Average Volume
671.7K
Beta
1.56
Float Shares
25.70M
Free Float %
24.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.57% -1.84% -4.15% +17.27% -7.15% +1.10% -4.54% +14.18% +14.18% +14.18% +14.18%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

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Revenue composition

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Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
993.90
DCF (Unlevered) 1,668.16 +67.8%
DCF (Levered) 6,507.43 +554.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
MOAT Score
4 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Renewable Utilities: +1.3%
    +108.5% Q1'26: +131.4% (vs Q1'25)
  • EPS growth Renewable Utilities: +6.7%
    +108.9% Q1'26: +66.4% (vs Q1'25)
  • FCF margin FCF growth · Renewable Utilities: +50.4%
    +7.7% Q1'26: +1.8% (vs Q1'25)
  • EBIT margin Renewable Utilities: +22.3%
    +19.6% Q1'26: +19.1% (vs Q1'25)
  • ROIC Renewable Utilities: +3.5%
    +70.7% Q1'26: +91.3% (vs Q1'25)
  • Share dilution Renewable Utilities: +0.0%
    0.0% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Renewable Utilities: 3.24×
    0.22× Q1'26: 0.17× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
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P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.58) × ERP
WACC = 99% × Ke + 1% × Kd (9.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,670.28 Current price: 993.90
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-02 A 4/5 5/5 5/5 5/5 4/5 2/5 1/5
2026-06-01 A 4/5 5/5 5/5 5/5 4/5 2/5 1/5
2026-05-29 A 4/5 5/5 5/5 5/5 4/5 2/5 1/5
2026-05-27 A 4/5 5/5 5/5 5/5 4/5 2/5 1/5
2026-05-26 A 4/5 5/5 5/5 5/5 4/5 2/5 1/5
2026-05-25 A 4/5 5/5 5/5 5/5 4/5 2/5 1/5
2026-05-22 A 4/5 5/5 5/5 5/5 4/5 2/5 1/5
2026-05-21 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-20 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-19 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-18 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-15 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-14 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-13 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-12 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-11 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-08 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-07 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-06 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-05 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-05-04 A 4/5 5/5 5/5 5/5 4/5 3/5 1/5
2026-04-30 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-29 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-28 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-27 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-24 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-23 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-22 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-21 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-20 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
Ownership data is not available for this company yet.

Executive team

Top executives
EBIT / Employee
38.18M
Shares Outstanding
104.35M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Heema Kalpesh Kumar Shah Company Secretary & Compliance Officer female
Hitesh Pranjivan Mehta Whole Time Director male
Manmohan Sharma Chief Financial Officer male
Pujan Pankaj Doshi MD & Executive Director male
Ravikesh Singh Chief Operating Officer of EPC male
Sunil Nandkishor Rathi Whole Time Director male
Virenkumar Chimanlal Doshi Whole Time Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits