Waaree Renewables Technologies Ltd Share Price

Engineering - Turnkey Services

BSE: 534618 Small Cap ISIN: INE299N01021

As on 31 January 2025 at 17:23 IST

₹1,013.65

+ 22.65

(2.29%)

Sell Buy

About Waaree Renewables Technologies Ltd

Waaree Renewables Technology Limited (WRTL) specializes in Solar EPC (Engineering, Procurement, and Construction) solutions. These solutions include financing, construction, ownership, and operation of solar projects. The company was initially founded on June 22, 1999, as Sangam Advisors Private Limited. Later, it became a public limited company in the year 2011. Waaree Renewables falls under the renewable energy sector, focusing on solar energy. The headquarters of the company is located in the city of Mumbai, Maharashtra, India. Its main products include solar PV modules, ground-mounted solar projects, rooftop solar installations, and floating solar solutions. Read More...

Over 1 Month

-22.51%

Over 6 Months

-42.57%

Over 1 Year

35.50%

Over 3 Years

1186.68%

Waaree Renewables Technologies Ltd Summary

Close ₹ 1,013.65

Open ₹ 1,039.90

High ₹ 1,039.90

Low ₹ 1,003.20

Volume 3,13,332

Net Turnover (in ₹ Cr) ₹ 34.3

52Wk High ₹ 3,037.75

52Wk Low ₹ 735

52Wk High / Low

735

3,037.75

Waaree Renewables Technologies Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 10,330.84

EPS (TTM) 17.94

Book Value (BV) 30.67

Div. Yield 0.10 %

P/E (TTM) 55.24

Price/Book Value 32.31

Delivery % 44.80 %

Face Value 2

Key Ratios

PE Ratio 98.28

PB Ratio 56.44

EV to Sales 16.75

PEG Ratio -1.97

ROA 55.17

ROE 80.34

Debt-Equity 0.03

Net Profit Margin 17.17

Operating Profit Margin 23.83

Waaree Renewables Technologies Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	879.89	352.48	169.82	15.42	7.37
Total Expenses	681.48	275.47	148.60	12.02	9.89
Profit Before Tax	198.41	77.01	21.22	3.40	-2.52
Profit After Tax	148.04	55.33	8.89	-2.37	-3.18
Operating Profit after Depreciation	205.17	82.32	28.15	7.74	0.96

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	156.60	74.43	74.07	154.68	30.49
Total Non Current Assets	163.68	155.12	74.64	157.22	76.58
Total Current Assets	550.34	127.55	93.15	45.73	45.03
TOTAL ASSETS	714.02	282.68	167.79	202.95	121.60
Total Shareholder's Fund	232.26	85.14	29.90	22.28	25.95

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	126.80	65.15	42.55	2.14	50.85
Net Cash used in Investing Activities	-113.98	-65.96	9.43	-114.01	-38.16
Net Cash used in Financing Activities	-6.48	-9.20	-39.99	85.68	14.38

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	875.19	346.92	167.91	11.30	5.08
Total Expenses	674.90	267.11	141.96	8.63	5.48
Profit Before Tax	200.29	79.81	25.95	2.66	-0.40
Profit After Tax	148.94	59.41	20.40	2.34	-0.19
Operating Profit after Depreciation	204.15	80.99	27.43	6.28	2.99

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	93.53	9.27	3.15	3.23	3.40
Total Non Current Assets	100.80	89.60	3.39	35.44	67.22
Total Current Assets	595.22	164.85	128.67	47.48	1.16
TOTAL ASSETS	696.02	254.45	132.06	82.92	68.38
Total Shareholder's Fund	259.36	111.43	52.21	32.79	30.43

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	117.53	58.15	33.52	3.27	3.30
Net Cash used in Investing Activities	-115.28	-66	18.59	-8.01	2.89
Net Cash used in Financing Activities	4.23	-2.31	-39.36	4.99	-6.13

Particulars (in ₹ Cr.)	2024-12	2024-09	2024-06	2024-03	2023-12
Total Revenue	360.35	524.47	236.35	273.31	324.19
Total Expenses	288.43	452.90	195.28	198.02	236.38
Profit Before Tax	70.73	69.30	39.26	72.08	86.39
Profit After Tax	53.48	53.52	28.16	51.31	64.23
Operating Profit after Depreciation	75.70	74.97	43.83	77.34	88.30

Particulars (in ₹ Cr.)	2024-12	2024-09	2024-06	2024-03	2023-12
Total Revenue	360.25	524.42	236.27	273.24	324.11
Total Expenses	288.38	452.87	195.02	198.01	236.37
Profit Before Tax	70.79	69.39	39.55	72.11	86.43
Profit After Tax	53.55	53.58	28.47	51.38	64.29
Operating Profit after Depreciation	75.73	75.04	44.09	77.34	88.30

Waaree Renewables Technologies Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 966.73

S2 942.47

S3 903.33

Pivot 1,005.87

R1 1,030.13

R2 1,069.27

R3 1,093.53

Moving Average

20 SMA 1,093.32

50 SMA 1,281.45

100 SMA 1,461.16

200 SMA 1,728.48

Waaree Renewables Technologies Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Waaree Renewables Technologies Ltd

₹1/Share

Announcement Date 24 Jan 2025

Record Date 24 Jan 2025

Div Yield 50%

Waaree Renewables Technologies Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Waaree Renewables Technologies Ltd	₹991	₹10,330.84
KPI Green Energy Ltd	₹349.95	₹6,890.19
Oriana Power Ltd	₹1,645	₹3,342.50

Waaree Renewables Technologies Ltd News

Board of Waaree Renewable Techs. recommends interim dividend

Of Rs 1 per share

16 Jan 2025, 04:10 pm

Waaree Renewable slides after Q3 PAT fall 17% YoY

Waaree Renewable Technologies dropped 6.19% to Rs 1,075 after the company's consolidated net profit fell 16.71% to Rs 53.51 crore in Q3 FY25 as against Rs 64.25 crore posted in Q3 FY24.

16 Jan 2025, 03:34 pm

Board of Waaree Renewables Technologies approves change in object clause

At meeting held on 16 January 2025

16 Jan 2025, 03:08 pm

Waaree Renewable Techs. to discuss results

On 16 January 2025

14 Jan 2025, 01:43 pm

Waaree Renewables Technologies Ltd leads gainers in 'B' group

Bharat Road Network Ltd, United Drilling Tools Ltd, Gujarat State Financial Corporation and Ruchi Infrastructure Ltd are among the other gainers in the BSE's 'B' group today, 14 January 2025.

14 Jan 2025, 12:15 pm

Waaree Renewables Technologies Ltd Stock Analysis

Annual revenue for Waaree Renewables Technologies Ltd increased by 152.28% to ₹875.19 crore in FY 2024 from ₹346.92 crore in FY 2023.
Annual Net Profit for Waaree Renewables Technologies Ltd increased by 150.71% to ₹148.94 crore in FY 2024 from ₹59.41 crore in FY 2023.
Promoter Shareholding in Waaree Renewables Technologies Ltd decreased by 0.07% in the most recent quarter, from 74.44% in September 2024 to 74.39% in December 2024.
Waaree Renewables Technologies Ltd delivered a 1-year return of 35.50% compared to the Nifty 50, which provided a return of 0% as of the last trading session.
Waaree Renewables Technologies Ltd share price moved up by 2.29% from its previous close of INR ₹991. The latest Waaree Renewables Technologies Ltd share price is INR ₹1,013.65.
Waaree Renewables Technologies Ltd share price today has been at a low of 1,003.20 and a high of 1,039.90. Over the past 52 weeks, the Waaree Renewables Technologies Ltd share price has seen a low of 735 and a high of 3,037.75.

About Waaree Renewables Technologies Ltd

Waaree Renewables Technology Limited (WRTL), formerly known as Sangam Renewables Limited, operates under Waaree Energies. It focuses on the Solar EPC (Engineering, Procurement, and Construction) sector. The company specializes in providing comprehensive solar energy solutions. This includes the financing, construction, ownership, and operation of solar projects. WRTL has successfully completed over 10,000 solar projects, with a total operational capacity of more than 600 MW.

Waaree Renewables falls under the renewable energy sector, specifically focusing on solar energy. The company has been in business since its incorporation on June 22, 1999, initially as Sangam Advisors Private Limited. It later became a public limited company in 2011. The headquarters of Waaree Renewables is located in Mumbai, Maharashtra, India.

The main products of Waaree Renewables include solar PV modules, ground-mounted solar projects, rooftop solar installations, and floating solar solutions. Waaree Energies, the parent company, is recognized as India's largest manufacturer of solar PV modules, with an installed capacity of 13.3 GW. This makes it a significant player in the solar energy industry. The promoter shareholding in Waaree Renewables stands at 74.44%.

The company is managed by a team of experienced professionals dedicated to driving innovation and excellence in the renewable energy sector. This includes Nilesh Bhogilal Gandhi and Pujan Pankaj Doshi. They serve as Chairman and Managing Director of the company. With a strong focus on sustainability and environmental stewardship, Waaree Renewables continues to lead the way in providing clean and cost-effective energy solutions. The other crucial promoters of the company are included:

Hitesh Pranjivan Mehta
Viren Chimanlal Doshi
Sunil Nandkishor Rathi

The registered office of Waaree Renewables is located at 504, Western Edge-1, Opp Western Express Highway, Borivali (E), Mumbai – 400066. Its registrars are situated at No.9, Ground Floor, Shiv Shakti Industrial Estate, Mumbai 400011, Maharashtra.

Influence of the Company

Waaree Renewables Technology Limited (WRTL) has emerged as a significant force in India's renewable energy landscape. Since its inception, the company has transformed into a leading solar solutions provider. WRTL's evolution from a private entity to a public limited company in 2011 marks a pivotal point in its growth journey. Based in Mumbai, WRTL operates as a subsidiary of Waaree Energies Limited, focusing on comprehensive solar energy solutions.

The company's influence in the solar sector is demonstrated through its impressive portfolio of completed projects. With over 10,000 successful solar installations, WRTL has established a strong track record. Their operational capacity exceeding 600 MW showcases their significant contribution to India's renewable energy capacity. This achievement positions them as a major contributor to the nation's clean energy goals.

WRTL's impact extends beyond mere numbers through its diverse product offerings. They excel in providing solar PV modules, ground-mounted projects, and rooftop installations. Their venture into floating solar solutions demonstrates their innovative approach. This comprehensive range allows them to serve various customer segments effectively.

The company's strength lies in its integrated approach to solar projects. They handle everything from financing to construction and operations. This end-to-end service model sets them apart in the market.

Their parent company, Waaree Energies, adds considerable weight to their market presence. This backing support provides WRTL with significant technical expertise and resources. Also, the strong promoter shareholding of 74.44% indicates stable ownership and committed leadership.

The founding promoters of the company bring valuable experience. Their vision and continued involvement have shaped the company’s growth trajectory and strategic direction. WRTL’s management team has also contributed to its operational capabilities.

Aside from this, WRTL's commitment to sustainability goes beyond business objectives. They focus on environmental stewardship in their operations. Also, their cost-effective energy solutions make clean energy accessible. This approach helps both commercial and residential customers transition to renewable energy.

The company's headquarters in Mumbai serves as a strategic base for nationwide operations. The location also helps WRTL provide excellent connectivity. This helps the company facilitate efficient project management along with maintaining strong relationships with clients and partners.

The company's impact on India's renewable energy sector continues to grow. They create employment opportunities in various technical and managerial roles. Their projects contribute to reducing carbon emissions. They also help businesses and communities achieve energy independence.

WRTL's influence extends to the economic aspect of solar energy adoption. Their financing solutions make solar projects viable for various customers. They help overcome initial cost barriers in solar installation. This approach has made clean energy more accessible to a broader market.

The company's expertise in EPC services has set industry standards. They maintain high-quality benchmarks in project execution. Their technical knowledge benefits the entire solar energy ecosystem. As a result, WRTL contributes to developing best practices in the sector.

Overall, Waaree Renewables Technology Limited is a key player in India's solar energy sector. With strong technical expertise and market presence, they deliver comprehensive solar solutions while prioritizing sustainability. Their success demonstrates how businesses can effectively combine environmental responsibility with commercial excellence in advancing India's clean energy goals.