MARKET EOD
NIFTY 50:23,960.60▲ +149.75 (+0.63%)
SENSEX:77,301.40▲ +886.41 (+1.16%)
BANK NIFTY:55,913.60▲ +373.55 (+0.67%)
NIFTY IT:32,061.90▼ -489.70 (-1.50%)
MCX GOLD:₹139,452.00▼ -734.00 (-0.52%)
MCX SILVER:₹179,698.00▼ -4,081.00 (-2.22%)
MCX CRUDEOIL:₹9,104.00▲ +32.00 (+0.35%)
USD/INR:₹94.8343▼ -0.9382 (-0.98%)
YT X
Advertisement • SRK Money Talk
Home › Company Intelligence › Waaree Renewable Technologies Limited (WAAREERTL)
NSE: WAAREERTL MID_CAP Diversified VERIFIED STATUTORY SOURCE • Data as of FY26 FRESH

Waaree Renewable Technologies Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY26 • Source: NSE_4Q_STATUTORY_ROLLUP • Last Checked: 11 Oct 2026
FY26 Revenue ₹3,356 Cr
FY26 Net Profit ₹483 Cr
Reported EPS ₹46.28
Operating Margin 19.18%
Return on Equity 2,312.1%
ROCE 627.6%
Debt / Equity 3.91x
Net Profit Margin 14.38%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q2 FY27): Reported quarterly statutory revenue of ₹457.93 Cr with net profit of ₹68.13 Cr (EPS: ₹6.53).

Exchange Disclosure (2026-11-01): Bagging/Receiving of orders/contracts —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Waaree Renewable Technologies Limited under Diversified.

Official listing profile for Waaree Renewable Technologies Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Strong (69/100)
69 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 18 / 20
Profitability & Margins 16 / 20
Solvency & Capital Structure 8 / 20
Cash Flow Quality 14 / 20
Capital Allocation & Valuation 13 / 20
Key Strengths
  • + Strong YoY revenue expansion (294.3%)
  • + High net earnings expansion (296.5%)
  • + Superior Return on Equity (2,312.1%)
  • + Ample interest debt-service coverage (48.4x)
  • + Positive Free Cash Flow after capital expenditures
Key Vigilance Points & Risks
  • − High financial leverage: Debt/Equity exceeds 1.5x (3.91x)
Advertisement • SRK Money Talk
FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS Statutory • VERIFIED EXCHANGE FILING
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹3k₹3k₹2k₹1k₹0kRevenue: ₹851 CrNet Profit: ₹122 CrFY25Revenue: ₹3,356 CrNet Profit: ₹483 CrFY26RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Mar 2026 • Source: NSE_4Q_STATUTORY_ROLLUP
Annual Metric (₹ Cr)FY25
Dec 2025
FY26
Mar 2026
Sales / Revenue from Operations₹851₹3,356
Operating Expenditure₹692₹2,712
Operating Profit (EBITDA)₹159₹644
Operating Profit Margin (OPM %)18.65%19.18%
Other Income₹6.64₹24
Finance Costs / Interest₹3.42₹13
Depreciation & Amortization₹2.08₹8.50
Profit Before Tax (PBT)₹160₹644
Tax Expense₹38₹161
Net Profit (PAT)₹122₹483
Net Profit Margin (NPM %)14.30%14.38%
Basic / Diluted EPS (₹)₹11.64₹46.28
Cash from Operations (CFO)N/A₹291
Free Cash Flow (FCF)N/A₹232
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Sep 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q1 FY26
Jun 2025
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Q2 FY27
Sep 2026
Sales / Revenue₹608₹780₹858₹1,110₹818₹458
Operating Profit (EBITDA)₹117₹157₹160₹210₹157₹86
OPM %19.20%20.16%18.64%18.89%19.16%18.85%
Profit Before Tax (PBT)₹117₹157₹160₹210₹157₹86
Net Profit (PAT)₹87₹117₹122₹157₹114₹68
NPM %14.23%15.00%14.19%14.17%13.99%14.88%
Basic / Diluted EPS (₹)₹8.30₹11.23₹11.64₹15.11₹10.97₹6.53
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Audited Balance Sheet • VERIFIED
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY25FY26
Equity Share Capital₹21₹21
Reserves & SurplusN/A₹919
Net Worth (Shareholders' Funds)₹21₹21
Total Borrowings & DebtN/A₹82
Total Balance Sheet AssetsN/A₹2,343
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY25FY26
Cash Flow from Operating Activities (CFO)N/A₹291
Cash Flow from Investing Activities (CFI)N/A₹-272
Cash Flow from Financing Activities (CFF)N/A₹26
Free Cash Flow / Net Cash FlowN/A₹232
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY25FY26
Operating Profit Margin (OPM)18.65%19.18%
Net Profit Margin (NPM)14.30%14.38%
Return on Equity (ROE)583.09%2,312.12%
Return on Capital Employed (ROCE)782.46%640.53%
Return on Assets (ROA)N/A20.60%
Debt to Equity RatioN/A3.91x
Interest Coverage Ratio46.4x48.4x
CFO to Net Profit ConversionN/A0.60x
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 74.30%
FII: N/A
DII: N/A
Public: 25.70%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Jun 2026Mar 2026Mar 2026Dec 2025QoQ Shift
Promoter Holding74.30%74.32%74.32%74.32%74.32%74.32%-0.02%
Foreign Institutional (FII)N/A1.98%1.98%1.98%N/A1.98%—
Domestic Institutional (DII / MFs)N/A0.09%0.09%0.09%N/A0.09%—
Public & Retail25.70%25.68%23.61%25.68%25.68%25.68%+0.02%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE
Pujan Doshi
Managing Director

Verified Key Managerial Personnel / Board Member per SEBI Integrated Financial Disclosure.

BOARD
Waaree India Foundation
Common Director

Verified Key Managerial Personnel / Board Member per SEBI Integrated Financial Disclosure.

INDEPENDENT
Ambika sharma
Independent Director

Verified Key Managerial Personnel / Board Member per SEBI Integrated Financial Disclosure.

INDEPENDENT
Sunil Jain
Independent Director

Verified Key Managerial Personnel / Board Member per SEBI Integrated Financial Disclosure.

INDEPENDENT
Nilesh Gandhi
Independent Director

Verified Key Managerial Personnel / Board Member per SEBI Integrated Financial Disclosure.

INDEPENDENT
Sudhir Arya
Independent Director

Verified Key Managerial Personnel / Board Member per SEBI Integrated Financial Disclosure.

AUDITOR
kkc & associates llp
Statutory Auditor

Verified Statutory Auditor per SEBI Integrated Financial Disclosure.

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹2.00
LTM Total Dividend ₹44.35
Dividends Recorded 9 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
REGULATORY FILINGS & EXCHANGE DISCLOSURES
Bagging/Receiving of orders/contracts 01 Nov 2026, 12:00 AM • NSE_OFFICIAL_API
Bagging/Receiving of orders/contracts

General Updates 30 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
General Updates

Bagging/Receiving of orders/contracts 30 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Bagging/Receiving of orders/contracts

Analysts/Institutional Investor Meet/Con. Call Updates 28 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

Bagging/Receiving of orders/contracts 27 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Bagging/Receiving of orders/contracts

Bagging/Receiving of orders/contracts 23 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Bagging/Receiving of orders/contracts

Analysts/Institutional Investor Meet/Con. Call Updates 21 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

Copy of Newspaper Publication 20 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Copy of Newspaper Publication

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-11-01 Bagging/Receiving of orders/contracts • NSE_OFFICIAL_API
Bagging/Receiving of orders/contracts

2026-10-30 Bagging/Receiving of orders/contracts • NSE_OFFICIAL_API
Bagging/Receiving of orders/contracts

2026-10-30 General Updates • NSE_OFFICIAL_API
General Updates

2026-10-28 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

2026-10-27 Bagging/Receiving of orders/contracts • NSE_OFFICIAL_API
Bagging/Receiving of orders/contracts

2026-10-23 Bagging/Receiving of orders/contracts • NSE_OFFICIAL_API
Bagging/Receiving of orders/contracts

2026-10-21 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

2026-10-20 Copy of Newspaper Publication • NSE_OFFICIAL_API
Copy of Newspaper Publication

2026-10-19 Investor Presentation • NSE_OFFICIAL_API
Investor Presentation

2026-10-19 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-10-19 Press Release • NSE_OFFICIAL_API
Press Release

2026-10-19 Press Release (Revised) • NSE_OFFICIAL_API
Press Release (Revised)

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (534618) ↗ NSE Official Quote (WAAREERTL) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 01 Nov 2026, 22:00 VERIFIED 1dedeb6e29e1...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 29 Oct 2026, 13:49 VERIFIED 013af5871e5b...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 27 Oct 2026, 02:14 VERIFIED d3923ef444e0...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 23 Oct 2026, 19:45 VERIFIED d3923ef444e0...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 19 Oct 2026, 10:45 VERIFIED d535d5717a33...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 15 Oct 2026, 03:47 VERIFIED a67f07f57bdf...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.