# Waaree Renewable Technologies share price today (Waaree Renewable Technologies Ltd, NSE: WAAREERTL)

> Waaree Renewable Technologies share price today: ₹697.50 at the NSE close on 3 November 2026, down 43.8% in a year. Waaree Renewable Technologies (NSE: WAAREERTL) is worth ₹7,284 crore, trades at a P/E of 15.7 and has closed between ₹678.60 and ₹1,181.85 over the past 52 weeks. > Waaree Renewable Technologies Ltd's P/E is near the low end of its own history, higher than only 1% of past readings, and its quarterly results are still getting worse. WAAREERTL · Solar EPC · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/waaree-renewable-technologies-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹697.50 (−43.8% in a year)
- P/E: 15.7× (lower than 99% of the last 8.2 years)
- Revenue (Sep 2026): ₹1,058 Cr (+36.5% on a year ago)
- Profit (Sep 2026): ₹81.0 Cr (−30.2% on a year ago)
- Operating margin: 15.0% (−5.0 points on a year ago)
- ROCE: 83%, FY26
- ROIC: 20.8%, against a 12.0% cost of capital: +8.8 points

The main question: yearly earnings per share moved +108.7% while the share price moved −43.8%. ## What is the Waaree Renewable Technologies share price today? Waaree Renewable Technologies Ltd's share price was ₹697.50 at the close on 3 November 2026. It has been falling for 13 weeks. That is 23.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹679 and ₹1,182, and at that close it sat 4% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running. Over the last 11 years the share price moved +32,043% while the NIFTY 500 moved +241%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 17 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Waaree Renewable Technologies this quarter? Three changes stood out: profit fell in the September 2026 quarter, foreign funds (FIIs) raised their stake for 11 quarters in a row and revenue up on a year earlier for 12 quarters in a row (every quarter we can compare). 1. Profit fell in the September 2026 quarter Profit was ₹81 crore, -30.2% on a year earlier (₹116 crore), after 6 quarters of growth. Why: Profit fell even as revenue grew because more sales came from the transmission and distribution business, which earns less profit than solar work. From the earnings call on 21 Oct 2026. 2. Foreign funds (FIIs) raised their stake for 11 quarters in a row From 0% to 2% of the company by the September 2026 quarter. 3. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹1,058 crore, +36.5% on a year earlier. Why: Revenue rose because the transmission and distribution business became a bigger part of the company after it was combined into the main numbers, even though solar project work fell. Next results: check whether the late land handovers clear and solar project work picks up. From the earnings call on 21 Oct 2026. ## What are Waaree Renewable Technologies' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Waaree Renewable Technologies reported revenue of ₹1,058 crore, up 36.5% from ₹775 crore a year earlier, and a profit of ₹81.0 crore, down 30.2% from ₹116 crore. ### Waaree Renewable Technologies results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,058 crore | ₹775 crore | +36.5% |
| Profit | ₹81.0 crore | ₹116 crore | −30.2% |
| Earnings per share | ₹7.08 | ₹11.16 | −36.6% |
| Operating margin | 15.0% | 20.0% | −5.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Waaree Renewable Technologies' management discussed these results on a call held on 21 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Waaree Renewable Technologies share price history? Waaree Renewable Technologies closed at ₹697.50 on 3 November 2026, down 43.8% from ₹1,241.30 a year earlier (31 October 2025) and up 1,388.5% over five years. Its highest weekly close since March 2016 was ₹2,748.45 on 26 April 2024. ### Waaree Renewable Technologies share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹678.60 | +2.8% |
| 1 month ago · 1 Oct 2026 | ₹808.65 | −13.7% |
| 6 months ago · 30 Apr 2026 | ₹1,018.90 | −31.5% |
| 1 year ago · 31 Oct 2025 | ₹1,241.30 | −43.8% |
| 3 years ago · 3 Nov 2023 | ₹269.04 | +159.3% |
| 5 years ago · 4 Nov 2021 | ₹46.86 | +1,388.5% |
| 10 years ago · 4 Nov 2016 | ₹4.39 | +15,788.4% |
| Earliest weekly close in our records · 17 Mar 2016 | ₹2.17 | +32,042.9% |
| Highest weekly close since March 2016 · 26 Apr 2024 | ₹2,748.45 | −74.6% |
| Lowest weekly close since March 2016 · 17 Jul 2020 | ₹1.61 | +43,223.0% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹1,181.85 | −41.0% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹678.60 | +2.8% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (556 weekly closes from 17 March 2016 to 3 November 2026.)

## What is the latest news on Waaree Renewable Technologies? 3 Nov 2026: Waaree Renewable Technologies closed at ₹697.50, up 2.8% on the week and down 13.7% on the month. 21 Oct 2026: Waaree Renewable Technologies held its results call for July to September 2026. Management guided: Consolidated operating margin above 15% sustainable on solar execution and efficiencies. ### Earlier

- Results for July to September 2026: Revenue up 36.5% and profit down 30.2% on a year earlier. ## What dividend does Waaree Renewable Technologies pay? Waaree Renewable Technologies has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. Not in its latest year. Waaree Renewable Technologies Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 4 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Waaree Renewable Technologies management say on the latest results call? On the call for July to September 2026, held on 21 October 2026, Waaree Renewable Technologies' management guided: Consolidated operating margin above 15% sustainable on solar execution and efficiencies. > “With this, WRTL is evolving from a pure solar EPC player into a broader energy transition EPC platform.”
> Manmohan Sharma, on the call for July to September 2026

### What management guided

- T&D margin improvement in coming quarters on scale and efficiencies. - Book conversion to revenue over next 3-4 quarters with execution rising progressively. - Interest and depreciation run-rate to stabilize with interest reduction effort. - Associate Power earnings to offset acquisition financing burden over time. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/7972/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 21 October 2026.)

## What to watch in Waaree Renewable Technologies' next results? When Waaree Renewable Technologies reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Solar quarterly execution rebound on delayed developer handovers clearing - check MWp volumes recover progressively in next quarter. - What to check (from the call)
- Solar quarterly execution rebound on delayed developer handovers clearing - check MWp volumes recover progressively in next quarter. - T&D segment margin lift from flagged range on scale and synergy delivery - check segment result progression next quarter. - Consolidated book conversion pace into revenue - check quarterly revenue and execution against flagged visibility horizon over coming quarters. - Acquisition debt cost path and working-capital normalization - check finance cost trend and operating cash recovery next quarter. ## Which stock lists is Waaree Renewable Technologies on? Waaree Renewable Technologies is on one of our India lists: Power & green energy stocks. [Power & green energy stocks Group on the list: Solar and wind equipment makers](https://www.sectoralpha.in/sectors/power-stocks-india)

## Is Waaree Renewable Technologies profitable? Waaree Renewable Technologies Ltd earned ₹81.0 Cr of net profit in the Sep 2026 quarter, −30.2% on the same quarter a year earlier. Full-year FY26 profit was ₹479 Cr. That is 7.7% of the quarter's revenue. The same quarter a year earlier earned ₹116 Cr. For the full year, FY26 profit was ₹479 Cr (+109.2% on the year before). Why profit moved: revenue changed +36.5% on a year earlier and the margin moved −5.0 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +50.2% and revenue +89.3%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Waaree Renewable Technologies make, and is it growing? Waaree Renewable Technologies Ltd reported ₹1,058 Cr of revenue in the Sep 2026 quarter, +36.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. The last full year, FY26, came in at ₹3,331 Cr. The last four reported quarters add to ₹3,935 Cr. A growth rate over several years is not shown, because there are too few years of figures to work one out properly. FY26 revenue was ₹3,331 Cr, +108.4% on the year before. Is growth speeding up? Revenue over the last 12 months grew +77.7%, against +70.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +36.4%, against +55.4% a year (rolling over). ## How much of every ₹100 of sales does Waaree Renewable Technologies keep? Waaree Renewable Technologies Ltd's operating margin was 15.0% in the Sep 2026 quarter, 5.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between −15.0% and 54.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −5.3 percentage points on the year while gross margin changed −0.1 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Waaree Renewable Technologies' profit turning into cash? Over the last 3 years, 84% of Waaree Renewable Technologies Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹287 Cr of operating cash against ₹479 Cr of profit. After ₹205 Cr of spending on assets, ₹82.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 84% of profit came in as cash: the cash cycle got 380 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 15.1× depreciation over three years. The next section checks what that spending is building. ## Where does Waaree Renewable Technologies' cash go? Waaree Renewable Technologies Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 19 days in FY26, up from −361 days in FY21. It spent ₹317 Cr on assets over the last 3 years. Customers take 128 days to pay, and stock sits for 20 days on average. At FY26 sales of ₹3,331 Cr, each day of that cycle ties up about ₹9.1 Cr, so roughly ₹173 Cr is tied up in the business at any time. FY26: customers took 128 days to pay and stock sat for 20 days, about 0.7 months of sales sitting as stock, for a full cycle of 19 days, longer than FY21's −361. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 20 days. Customers pay about 128 days after that. Suppliers are paid at 129 days. Together that makes the 19-day cycle. Spending on assets: ₹317 Cr over the last 3 years, against ₹21.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹178 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Waaree Renewable Technologies' P/E ratio, and how does it compare with its own history? Waaree Renewable Technologies Ltd's P/E is 15.7×, about the lowest it has ever been. Its usual P/E (the middle reading) is 49.4×, over 8.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +108.7% while the price moved −43.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +37.4% a year; about +90.5% a year came from earnings growth and about −53.1 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Waaree Renewable Technologies business getting better or worse? Waaree Renewable Technologies Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: revenue growth has eased from +155.3% at its peak to +77.7%, but the business is still expanding, with ROCE falling at 37.5%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Waaree Renewable Technologies earn on its capital? Waaree Renewable Technologies Ltd earned a ROCE of 83% in FY26. That is up from a low of 0% in FY17. Its return on capital used (ROIC) is 8.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 14.4% net margin and 1.40× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 14.4% net margin × 1.40× asset turnover × 2.54× leverage (assets divided by equity) ≈ 51.2% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 20.8% − 12.0% = +8.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. ## Does Waaree Renewable Technologies have too much debt? Waaree Renewable Technologies Ltd has total debt of ₹1,493 Cr against shareholder equity of ₹1,746 Cr as of Sep 2026, so its debt is 0.86× its equity. Year by year, that ratio went from 1.40 in FY22 to 0.16 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Waaree Renewable Technologies shareholding pattern? Foreign institutions raised their stake in Waaree Renewable Technologies Ltd by 1.0 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 2.0% of the company. Promoters moved −0.1 points over the same period, to 74.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: foreign institutions drove it (+1.0 points). They raised their stake step by step. ## How far is Waaree Renewable Technologies from balance-sheet trouble? For Waaree Renewable Technologies Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Waaree Renewable Technologies rank in its industry? 53.5 out of 100, rank 1 of 5 in Solar EPC, with 83% of the evidence available. Waaree Renewable Technologies Ltd scores 53.5 out of 100 against the 5 companies it is compared with in Solar EPC, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.6 + 16.1 + 8.5 + 10.3 = 53.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Waaree Renewable Technologies compared with? Waaree Renewable Technologies ranks 1 of 5 Solar EPC companies on the 4-Factor Sector Score, with 53.5 out of 100. 1. Waaree Renewable Technologies Ltd this page WAAREERTL · quiet · Evidence leans up · 83% evidence 53.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue 77.7% · Profit 36.4% · Operating margin change -5 points · 100% evidence Capital efficiency 16.1/25 · ROCE 83.2% · Operating margin 15% · 100% evidence Valuation 8.5/20 · P/E 15.6× · PEG n/a · 15% evidence Relative strength 10.3/20 · Lead over its industry 11.6% · Lead over NIFTY 500 -21.2% · 1 year -44% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.6 + 16.1 + 8.5 + 10.3 = 53.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Solarworld Energy Solutions Ltd](https://www.sectoralpha.in/stocks/solarworld-energy-solutions-ltd) SOLARWORLD · quiet · Evidence leans down · 64% evidence 47.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.7/35 · Revenue 100% · Profit 34.1% · Operating margin change -6.1 points · 88% evidence Capital efficiency 8.3/25 · ROCE 23.8% · Operating margin 6.6% · 100% evidence Valuation 11.5/20 · P/E 7.8× · PEG n/a · 15% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -44.5% · 1 year -67% · 25% evidence · 0 of 12 weeks ahead Exact sum: 19.7 + 8.3 + 11.5 + 7.5 = 47 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Sterling & Wilson Renewable Energy Ltd](https://www.sectoralpha.in/stocks/sterling-wilson-renewable-energy-ltd) SWSOLAR · basing · Evidence leans down · 67% evidence 44.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Revenue -9% · Profit 100% · Operating margin change 3.5 points · 71% evidence Capital efficiency 9.2/25 · ROCE 26.8% · Operating margin 3.7% · 76% evidence Valuation 9.3/20 · P/E 13.8× · PEG n/a · 15% evidence Relative strength 6.4/20 · Lead over its industry 2.1% · Lead over NIFTY 500 -27.9% · 1 year -38.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.5 + 9.2 + 9.3 + 6.4 = 44.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Oriana Power Ltd](https://www.sectoralpha.in/stocks/oriana-power-ltd) ORIANA · quiet · Too little evidence to rank firmly · 34% evidence 61.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/43.75 · Revenue n/a · Profit n/a · Operating margin change -4 points · 15% evidence Capital efficiency 20.8/31.25 · ROCE 39.7% · Operating margin 21% · 75% evidence Valuation 17.8/25 · P/E 9.3× · PEG n/a · 50% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 22.4 + 20.8 + 17.8 = 61 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [KP Green Engineering Ltd](https://www.sectoralpha.in/stocks/kp-green-engineering-ltd) basing · Too little evidence to rank firmly · 31% evidence 52.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Revenue n/a · Profit n/a · Operating margin change 5 points · 15% evidence Capital efficiency 15.8/25 · ROCE 36.4% · Operating margin 21% · 71% evidence Valuation 10.0/20 · P/E 9.9× · PEG n/a · 15% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -24.9% · 1 year -55% · 25% evidence · 0 of 12 weeks ahead Exact sum: 19.5 + 15.8 + 10 + 7.5 = 52.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Solar EPC](https://www.sectoralpha.in/sectors/solar-epc), all 5 compared on one page. ## Which companies are close to Waaree Renewable Technologies in size? Waaree Renewable Technologies is the largest of 5 Solar EPC companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Sterling & Wilson Renewable Energy, Oriana Power, KP Green Engineering and Solarworld Energy Solutions. ### Solar EPC companies close in size

1. Waaree Renewable Technologies Ltd ₹7,247 crore
2. [Sterling & Wilson Renewable Energy Ltd](https://www.sectoralpha.in/stocks/sterling-wilson-renewable-energy-ltd) ₹3,175 crore
3. [Oriana Power Ltd](https://www.sectoralpha.in/stocks/oriana-power-ltd) ₹2,344 crore
4. [KP Green Engineering Ltd](https://www.sectoralpha.in/stocks/kp-green-engineering-ltd) ₹1,328 crore
5. [Solarworld Energy Solutions Ltd](https://www.sectoralpha.in/stocks/solarworld-energy-solutions-ltd) ₹911 crore

[All 5 Solar EPC companies, largest first](https://www.sectoralpha.in/sectors/solar-epc#all-companies)

### Companies close in size in other industries

1. [Garware Technical Fibres Ltd](https://www.sectoralpha.in/stocks/garware-technical-fibres-ltd) ₹7,278 crore · Textiles - Technical Textile
2. [Thyrocare Technologies Ltd](https://www.sectoralpha.in/stocks/thyrocare-technologies-ltd) ₹7,263 crore · Diagnostics
3. Waaree Renewable Technologies Ltd ₹7,247 crore
4. [Maharashtra Seamless Ltd](https://www.sectoralpha.in/stocks/maharashtra-seamless-ltd) ₹7,213 crore · Steel - Tubes/Pipes
5. [GMR Power & Urban Infra Ltd](https://www.sectoralpha.in/stocks/gmr-power-urban-infra-ltd) ₹7,210 crore · Infra - Power - Generation/Distribution

## What else do people ask about Waaree Renewable Technologies? ### What is Waaree Renewable Technologies's share price today? Waaree Renewable Technologies Ltd's share price is ₹697.50, −43.8% over the past year. The whole company is worth ₹7,284 Cr on the market. In the last 52 weeks it traded between ₹679 to ₹1,182; today it is 4% of the way up from the low, 23.3% below its 200-day average (as of 3 November 2026). ### What were Waaree Renewable Technologies's latest quarterly results? Waaree Renewable Technologies Ltd reported revenue of ₹1,058 Cr and net profit of ₹81.0 Cr for the Sep 2026 quarter. Revenue rose 36.5% and profit fell 30.2% compared with a year earlier. Earnings per share were ₹7.08. The operating margin was 15.0%, 5.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Waaree Renewable Technologies's market cap? Waaree Renewable Technologies Ltd's market capitalisation is ₹7,284 Cr at a share price of ₹697.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Waaree Renewable Technologies performing? Waaree Renewable Technologies Ltd's share price has been falling for 13 weeks. In its latest quarter, revenue rose 36.5% and profit fell 30.2% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 16 weeks running (as of 3 November 2026). ### Will Waaree Renewable Technologies's share price go up? This page does not forecast Waaree Renewable Technologies Ltd's share price. What it shows instead: the share price is ₹697.50, and it has been falling for 13 weeks. Its P/E of 15.7× is higher than 1% of its own last 8 years (as of 3 November 2026). ### Who owns Waaree Renewable Technologies? Promoters own 74.3% of Waaree Renewable Technologies Ltd, foreign institutions 2.0%, domestic institutions 0.1% and the public 23.6% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 1.0 percentage points over 8 quarters (as of 3 November 2026). ### Does Waaree Renewable Technologies have too much debt? No, Waaree Renewable Technologies Ltd has little debt: its debt is 0.16× its equity, and its operating profit is 49 times its interest bill. FY26 borrowings were ₹146 Cr against equity of ₹934 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Waaree Renewable Technologies in its business cycle? Waaree Renewable Technologies Ltd's FY26 operating margin was 19.0%, against a 13-year range of −15.0% to 54.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 15.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Waaree Renewable Technologies story? The main question: yearly earnings per share moved +108.7% while the share price moved −43.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Waaree Renewable Technologies a stock worth studying right now? What the numbers show: Waaree Renewable Technologies Ltd's P/E is near the low end of its own history, higher than only 1% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Waaree Renewable Technologies share price forecast for 2026? What management itself guided: Consolidated operating margin above 15% sustainable on solar execution and efficiencies. ## Lists

- Power & green energy stocks: https://www.sectoralpha.in/sectors/power-stocks-india

This is research, not advice. We’re not SEBI-registered.