Waaree Renewable Technologies Limited
Waaree Renewable Technologies Limited operates in Other Electrical Equipment, part of the Capital Goods sector. It booked ₹924 cr of revenue in its latest quarter (Q1 FY27) and kept 12.5% of sales as profit. It is the 9th largest of 9 Other Electrical Equipment companies we track, by market value.
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 69% of companies in Capital Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 90–113 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 23
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in WAAREERTL?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹924 cr |
| Other Income | ₹5 cr |
| Total Income | ₹930 cr |
| Cost of Materials | ₹706 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Inventory Change (±) | ₹14 cr |
| Employee Benefit Expense | ₹16 cr |
| Finance Costs | ₹10 cr |
| Depreciation & Amortisation | ₹6 cr |
| Other Expenses | ₹15 cr |
| Total Expenses | ₹766 cr |
| Profit before Tax | ₹163 cr |
| Tax Expense | ₹44 cr |
| Net Profit | ₹119 cr |
| Net margin on total income | 12.8% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 851 cr | 1,102 cr | 924 cr |
| Total income | 856 cr | 1,108 cr | 930 cr |
| Expenses | 698 cr | 900 cr | 766 cr |
| Profit before tax | 158 cr | 208 cr | 163 cr |
| Tax | 38 cr | 52 cr | 44 cr |
| Net profit (owners' share) | 120 cr | 156 cr | 116 cr |
| Net margin (owners' share, on revenue) | 14.1% | 14.1% | 12.5% |
| EPS (₹) | 11.50 | 14.96 | 11.11 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Apar Industries Limited | ₹17,801 | ₹71,507 cr | 38.2 | -10.3% | -2.1% | — |
| Waaree Energies Limited | ₹2,473 | ₹71,136 cr | 20.9 | 23.6% | 10.7% | — |
| Premier Energies Limited | ₹880 | ₹39,948 cr | 21.1 | 43.0% | 18.8% | — |
| Emmvee Photovoltaic Power Limited | ₹326 | ₹22,536 cr | 14.8 | 41.2% | 24.4% | — |
| Mtar Technologies Limited | ₹7,060 | ₹21,716 cr | 108.1 | 24.4% | 13.9% | — |
| Diamond Power Infrastructure Limited | ₹376 | ₹19,817 cr | 84.7 | — | 8.5% | — |
| Avalon Technologies Limited | ₹2,230 | ₹14,899 cr | 106.8 | 19.3% | 7.2% | — |
| Fujiyama Power Systems Limited | ₹409 | ₹12,551 cr | 54.4 | — | 4.3% | — |
| Waaree Renewable Technologies Limitedthis company | ₹811 | ₹8,463 cr | 18.3 | 49.6% | 12.5% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹1 / share | 24 Jan 2025 |
| Dividend | ₹1 / share | 9 Sep 2024 |
| Stock split | Stock Split From Rs.10/- to Rs.2/- | 15 Mar 2024 |
| Dividend | ₹1 / share | 18 Sep 2023 |
| Dividend | ₹0.5 / share | 15 Sep 2022 |
| Bonus issue | 10:57 | 21 Jul 2014 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 12 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.