Loading…
Waaree Renewable Technologies (WAAREERTL)₹736.00−1.71%Other Electrical Equipment
In the Sep 2026 quarter (consolidated), Waaree Renewable Technologies reported sales of ₹1,054 Cr, up 36.4% from Sep 2025, and net profit of ₹80.84 Cr, down 30.2% year on year. For the year to Mar 2026, sales were ₹3,322 Cr and net profit ₹478 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 323 | 272 | 235 | 523 | 359 | 476 | 601 | 773 | 848 | 1,099 | 921 | 1,054 |
| Expenses | 236 | 198 | 196 | 454 | 289 | 351 | 487 | 619 | 693 | 898 | 753 | 900 |
| Operating Profit | 88.04 | 75.06 | 41.06 | 72.11 | 72.07 | 126 | 118 | 158 | 159 | 207 | 173 | 160 |
| OPM % | 26.9% | 27.9% | 17.0% | 14.0% | 20.0% | 27.0% | 19.0% | 20.0% | 19.0% | 19.0% | 19.0% | 15.0% |
| Other Income | 0.00 | 2.01 | 3.01 | 3.01 | 4.01 | 1.01 | 5.01 | 4.01 | 5.02 | 6.02 | 5.01 | 9.03 |
| Interest | 0.00 | 4.01 | 3.01 | 4.01 | 3.01 | 4.01 | 4.01 | 4.01 | 3.01 | 3.01 | 10.03 | 37.09 |
| Depreciation | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 5.98 | 26.92 |
| Profit before tax | 86.30 | 72.22 | 39.13 | 69.25 | 71.25 | 121 | 117 | 158 | 159 | 209 | 164 | 105 |
| Tax % | 26.0% | 29.0% | 28.0% | 23.1% | 24.0% | 23.1% | 26.1% | 26.1% | 24.0% | 25.1% | 27.1% | 23.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −2.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 63.85 | 50.89 | 27.91 | 53.90 | 52.87 | 93.82 | 85.79 | 116 | 120 | 156 | 119 | 80.84 |
| EPS (Rs) | 6.18 | 4.94 | 2.73 | 5.15 | 5.14 | 9.01 | 8.30 | 11.17 | 11.53 | 14.94 | 11.12 | 7.09 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.99 | 6.99 | 5.98 | 12.96 | 162 | 350 | 873 | 1,594 | 3,322 | 3,923 |
| Expenses | 2.01 | 4.01 | 5.01 | 6.01 | 138 | 268 | 670 | 1,290 | 2,697 | 3,244 |
| Operating Profit | 0.00 | 3.01 | 1.01 | 7.01 | 24.03 | 84.12 | 207 | 311 | 642 | 700 |
| OPM % | 25.0% | 44.9% | 14.9% | 54.0% | 15.0% | 24.0% | 23.9% | 19.0% | 19.0% | 17.8% |
| Other Income | 0.00 | 1.01 | 1.01 | 2.01 | 8.02 | 2.01 | 4.01 | 11.03 | 20.07 | 25.08 |
| Interest | 0.00 | 2.01 | 3.01 | 4.01 | 7.01 | 5.01 | 7.01 | 15.02 | 13.03 | 53.14 |
| Depreciation | 0.00 | 0.99 | 0.99 | 1.99 | 3.99 | 2.99 | 5.98 | 5.98 | 8.97 | 36.88 |
| Profit before tax | 0.00 | 1.01 | −3.01 | 3.01 | 21.08 | 77.26 | 199 | 301 | 642 | 636 |
| Tax % | 79.0% | 334.0% | 26.1% | 170.0% | 58.0% | 28.0% | 27.0% | 24.1% | 25.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.99 | 3.99 | 0.00 |
| Net Profit | 0.00 | −1.99 | −2.99 | −1.99 | 8.97 | 54.83 | 145 | 229 | 478 | 475 |
| EPS (Rs) | 0.03 | −0.39 | −0.32 | −0.24 | 0.84 | 5.33 | 13.96 | 22.01 | 45.89 | 44.68 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 12.1% | 4.0% | 7.0% | 5.0% | 0.0% | — |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.03 | 10.04 | 21.07 | 21.08 | 21.08 | 21.09 | 21.09 | 21.08 | 21.09 |
| Reserves | 0.00 | −0.99 | 5.00 | 1.00 | 9.01 | 64.01 | 226 | 435 | 916 |
| Borrowings | 0.00 | 37.09 | 40.08 | 117 | 42.13 | 39.08 | 40.13 | 27.06 | 147 |
| Other Liabilities | 5.02 | 48.23 | 56.26 | 62.30 | 96.46 | 160 | 429 | 640 | 1,300 |
| Total Liabilities | 16.05 | 95.37 | 122 | 203 | 169 | 284 | 717 | 1,123 | 2,384 |
| Fixed Assets | 4.01 | 32.13 | 30.11 | 156 | 73.31 | 74.25 | 158 | 199 | 273 |
| CWIP | 4.01 | 3.01 | 41.14 | 2.01 | 1.01 | 80.22 | 3.01 | 56.18 | 178 |
| Investments | 0.00 | 0.00 | 0.00 | 29.94 | 0.99 | 0.00 | 8.99 | 51.96 | 30.97 |
| Other Assets | 8.03 | 59.23 | 50.16 | 16.07 | 93.37 | 128 | 547 | 817 | 1,901 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 36.89 | 28.92 | 5.99 | 117 |
| Trade receivables | 0.00 | 4.01 | 1.01 | 6.01 | 47.05 | 61.04 | 373 | 499 | 1,173 |
| Cash & equivalents | 6.99 | 6.99 | 37.02 | 6.01 | 42.04 | 17.01 | 121 | 194 | 359 |
| Total Assets | 16.05 | 95.37 | 122 | 203 | 169 | 284 | 717 | 1,123 | 2,384 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −6.97 | 50.82 | −1.99 | 42.85 | 64.84 | 128 | 302 | 286 |
| Cash from investing activity | −27.97 | −37.93 | −105 | 8.99 | −65.94 | −114 | −237 | −264 |
| Cash from financing activity | 35.03 | 14.03 | 81.08 | −40.07 | −9.02 | −7.01 | −49.06 | 23.04 |
| Net cash flow | 0.00 | 26.96 | −25.96 | 11.98 | −9.99 | 5.99 | 16.97 | 44.96 |
| Capex | 28.05 | 2.01 | 126 | 6.01 | 83.14 | 11.02 | 101 | 122 |
| Free cash flow | −34.95 | 10.98 | −88.87 | 35.92 | −17.98 | 117 | 201 | 164 |
| CFO / OP % | −202.0% | 5,820.0% | −33.0% | 196.0% | 84.1% | 74.0% | 120.1% | 66.0% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 74 | 214 | 87 | 174 | 105 | 64 | 155 | 114 | 128 |
| Inventory days | — | — | — | 45 | 6 | 54 | 18 | 3 | 21 |
| Days payable | — | — | — | 579 | 165 | 109 | 169 | 91 | 130 |
| Cash conversion cycle | 74 | 214 | 87 | −361 | −54 | 9 | 3 | 26 | 19 |
| Working capital days | −849 | −513 | −1,059 | −460 | −91 | −42 | 0 | −11 | 9 |
| ROCE % | — | 7.0% | 2.0% | 6.0% | 23.0% | 84.0% | 100.0% | 82.0% | 83.0% |
For the Sep 2026 quarter, Waaree Renewable Technologies reported sales of ₹1,054 Cr, up 36.4% year on year and net profit of ₹80.84 Cr, down 30.2% year on year. The operating margin was 15.0%.
Waaree Renewable Technologies' sales for the year to Mar 2026 were ₹3,322 Cr; over the last twelve months they were ₹3,923 Cr.
Net profit for the year to Mar 2026 was ₹478 Cr, and ₹475 Cr over the last twelve months. Earnings per share over the same trailing period were ₹44.68.
Waaree Renewable Technologies reported borrowings of ₹147 Cr at Mar 2026, against cash and equivalents of ₹359 Cr.
Cash from operations was ₹286 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹164 Cr.