Waaree Technologies Limited
BSE: WAAREE · Power Generation · sector
₹170.00BSE close 2026-10-26
Key numbers
Market cap₹183 cr
Price₹170.00
52w high / low₹398 / ₹131
P/E43.8xSector median 18.7x
P/B–Sector median 1.5x
Book value₹-15.7
Dividend yield–Sector median 1.39%
ROE–Sector median 4.5%
ROCE–Sector median 6.2%
OPM-49.8%Sector median 33.3%
Debt / equity–Sector median 0.90x
EV/EBITDA–Sector median 9.8x
Interest cover-8.3x
Current ratio0.91x
Sales growth 3y-37.6%Sector median +3.1%
Profit growth 3y–Sector median +19.3%
PEG–
Last 12 months to Mar 2026, Standalone. "Sector median" = middle value of 35 companies in Power Generation (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Operating profit covered interest -8.3x in the last 12 months.
- Net loss in 3 of the last 3 quarters.
- No dividend in the last 5 financial years.
- Price ₹170.00 on 2026-10-26: -57.3% from the 52-week high, +29.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹980.25 · low ₹139.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Revenue | 5 | 4 | 3 |
| EBITDA | -3 | -1 | -2 |
| OPM % | -66.4% | -26.5% | -81.2% |
| Other income | 0 | 0 | 0 |
| Net profit | -3 | -2 | -2 |
| EPS (₹) | 2.81 | 1.60 | 2.28 |
Standalone figures where filed. Latest quarter Mar 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 13 | 29 | 29 | 10 | 7 | 7 |
| EBITDA | -0 | -1 | -8 | -5 | -4 | -4 |
| Net profit | 0 | -1 | -8 | -6 | -4 | -4 |
| EPS (₹) | 0.23 | -1.01 | -6.97 | 2.43 | 3.88 | 3.88 |
| Revenue growth | +123.9% | -2.9% | -64.1% | -30.4% | – | |
| Profit growth | -673.7% | – | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -37.6% | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -54.7% (2y) | -39.7% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | -13 | -17 |
| Cash & equivalents | 2 | 2 |
| Total assets | 20 | 18 |
| Fixed assets | 2 | 1 |
| Investments | 0 | 0 |
| Inventory | 3 | 2 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -2 | -2 |
| Cash from investing | -0 | -0 |
| Cash from financing | -0 | 3 |
| Capex | 0 | 0 |
| Free cash flow | -2 | -3 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 44.6% | 24.8% |
| ROCE % | 58.7% | 29.4% |
| Inventory days | 129 | 130 |
| Working capital days | -390 | -47 |
Peers in Power Generation
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| NTPC | ₹2,90,900 cr | 10.5x | 1.4x | 14.3% | 8.7% | 30.9% | +2.1% | 3.01% |
| ADANIGREEN | ₹2,05,875 cr | 113.6x | 9.5x | 9.1% | 7.3% | 86.3% | +18.4% | 0.16% |
| JSWENERGY | ₹82,396 cr | 40.1x | 2.7x | 6.8% | 7.2% | 53.2% | +22.3% | 0.44% |
| NHPC | ₹70,878 cr | 18.7x | 1.7x | 9.4% | 5.0% | 47.4% | +3.1% | 3.33% |
| NTPCGREEN | ₹68,877 cr | 115.1x | 3.6x | 3.2% | 3.6% | 87.1% | – | – |
| NLCINDIA | ₹31,803 cr | 9.6x | 1.5x | 15.7% | 9.0% | 33.3% | +2.7% | 2.31% |
| ACMESOLAR | ₹26,965 cr | 39.0x | 5.3x | 12.6% | 8.6% | 87.6% | – | 0.09% |
| SJVN | ₹19,256 cr | 30.2x | 1.4x | 4.5% | 5.5% | 69.8% | +15.5% | 2.97% |
| CLEANMAX | ₹13,612 cr | 127.6x | 2.9x | 2.0% | 5.4% | 59.2% | – | – |
| WAAREE | ₹183 cr | 43.8x | – | – | – | -49.8% | -37.6% | – |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Utilities |
| Industry | Power Generation |
| Sub-industry | Power Generation |
| Symbol | WAAREE |
| BSE code | 539337 |
| ISIN | INE725P01012 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.