Waaree Renewable Technologies Ltd.
NSE: WAAREERTL · Other Electrical Equipment
Snapshot
Unlock Waaree Renewable Technologies Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Waaree Renewable Technologies Limited is an Indian renewable energy company specialising in solar power generation and engineering, procurement, and construction (EPC) services. The firm provides diverse solar solutions, including ground-mounted, rooftop, and floating solar installations for industrial, commercial, and individual clients.
Business Model
The company generates revenue through the execution of solar EPC projects and the provision of long-term operations and maintenance services. It operates under various business models, including capital expenditure (capex) and renewable energy service company (RESCO) opex frameworks.
Management Commentary
Management focuses on leveraging its position as a subsidiary of Waaree Energies Limited to scale its renewable energy footprint across India. The company continues to transition its strategic focus towards high-growth solar infrastructure segments.
Growth Outlook
Growth is driven by the increasing demand for sustainable energy solutions and the Indian government's push for large-scale solar adoption. The company is well-positioned to capitalise on the expansion of ground-mounted and floating solar projects.
Key Risks
- Regulatory and Policy Risk. Changes in government subsidies, solar tariffs, or renewable energy policies could adversely impact project viability and demand.
- Supply Chain Dependency. As a subsidiary of Waaree Energies, the company is susceptible to fluctuations in the cost and availability of solar modules and raw materials.
- Execution and Project Risk. Delays in large-scale EPC project commissioning or cost overruns could negatively affect profit margins and operational cash flows.
- Competitive Intensity. The renewable energy sector in India is highly fragmented and competitive, which may exert pressure on pricing and contract bidding margins.
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Key Metrics
REVENUE
₹3,652 Cr
TTM · consolidated
NET PROFIT
₹511 Cr
TTM · consolidated
EPS
₹48.73
TTM · consolidated
RETURN ON EQUITY
73.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
90.9%
TTM · consolidated
P/E
17.6x
Q1 FY27 · consolidated
EV/EBITDA
12.5x
Q1 FY27 · consolidated
EBITDA MARGIN
19.7%
TTM · consolidated
NET PROFIT MARGIN
12.9%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.1x
Q1 FY27 · consolidated
Peers · Other Electrical Equipment
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Waaree Renewable Technologies Ltd.WAAREERTL | ₹8,963 Cr | 17.63 | 12.50 | 85.9% | 19.7% | 73.6% | 90.9% | -15.5% |
Fujiyama Power Systems LimitedUTLSOLAR | ₹13,189 Cr | 42.63 | 20.89 | — | 19.0% | 23.1% | 28.9% | — |
Genus Power Infrastructures LimitedGENUSPOWER | ₹10,277 Cr | 14.34 | 11.57 | 74.2% | 20.6% | 31.9% | 33.5% | +1.4% |
Vikram Solar Ltd.VIKRAMSOLR | ₹6,104 Cr | 16.61 | 7.11 | — | 16.6% | 11.3% | 17.8% | -47.7% |
Saatvik Green Energy LimitedSAATVIKGL | ₹5,394 Cr | 19.92 | 13.96 | — | 10.8% | 18.2% | 22.7% | — |
Ram Ratna Wires LimitedRAMRAT | ₹5,234 Cr | 35.33 | 17.96 | 60.5% | 5.4% | 24.6% | 35.0% | -24.5% |
As of Q1 FY27
Financials
Waaree Renewable Technologies Ltd.
NSE: WAAREERTL · Other Electrical Equipment
Snapshot
Unlock Waaree Renewable Technologies Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Waaree Renewable Technologies Limited is an Indian renewable energy company specialising in solar power generation and engineering, procurement, and construction (EPC) services. The firm provides diverse solar solutions, including ground-mounted, rooftop, and floating solar installations for industrial, commercial, and individual clients.
Business Model
The company generates revenue through the execution of solar EPC projects and the provision of long-term operations and maintenance services. It operates under various business models, including capital expenditure (capex) and renewable energy service company (RESCO) opex frameworks.
Management Commentary
Management focuses on leveraging its position as a subsidiary of Waaree Energies Limited to scale its renewable energy footprint across India. The company continues to transition its strategic focus towards high-growth solar infrastructure segments.
Growth Outlook
Growth is driven by the increasing demand for sustainable energy solutions and the Indian government's push for large-scale solar adoption. The company is well-positioned to capitalise on the expansion of ground-mounted and floating solar projects.
Key Risks
- Regulatory and Policy Risk. Changes in government subsidies, solar tariffs, or renewable energy policies could adversely impact project viability and demand.
- Supply Chain Dependency. As a subsidiary of Waaree Energies, the company is susceptible to fluctuations in the cost and availability of solar modules and raw materials.
- Execution and Project Risk. Delays in large-scale EPC project commissioning or cost overruns could negatively affect profit margins and operational cash flows.
- Competitive Intensity. The renewable energy sector in India is highly fragmented and competitive, which may exert pressure on pricing and contract bidding margins.
Start your research today
Unlock AI insights, financials, peers and live data on Waaree Renewable Technologies Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹3,652 Cr
TTM · consolidated
NET PROFIT
₹511 Cr
TTM · consolidated
EPS
₹48.73
TTM · consolidated
RETURN ON EQUITY
73.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
90.9%
TTM · consolidated
P/E
17.6x
Q1 FY27 · consolidated
EV/EBITDA
12.5x
Q1 FY27 · consolidated
EBITDA MARGIN
19.7%
TTM · consolidated
NET PROFIT MARGIN
12.9%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.1x
Q1 FY27 · consolidated
Peers · Other Electrical Equipment
As of Q1 FY27