Waaree Renewable (WAAREERTL) | Financial Analysis & Statements
Waaree Renewable Technologies Ltd. | Mid-cap | Utilities
Waaree Renewable Technologies Ltd. | Mid-cap | Utilities
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
6.0B
Gross Profit
1.3B
22.08%
Operating Income
1.2B
19.12%
Net Income
863.9M
14.32%
EPS (Diluted)
₹8.27
Balance Sheet Metrics
Total Assets
11.2B
Total Liabilities
6.7B
Shareholders Equity
4.5B
Debt to Equity
1.46
Cash Flow Metrics
Revenue & Profitability Trend
Waaree Renewable Income Statement From 2024 to 2025
| Metric | 2025 | 2024 |
|---|---|---|
| Revenue | 16.0B | 8.8B |
| Cost of Goods Sold | 12.4B | 6.5B |
| Gross Profit | 3.6B | 2.3B |
| Gross Margin % | 22.5% | 26.3% |
| Operating Expenses | ||
| Research & Development | - | - |
| Selling, General & Administrative | - | 28.3M |
| Other Operating Expenses | 184.9M | 27.8M |
| Total Operating Expenses | 184.9M | 56.2M |
| Operating Income | 3.0B | 2.0B |
| Operating Margin % | 19.1% | 23.0% |
| Non-Operating Items | ||
| Interest Income | - | 31.9M |
| Interest Expense | 148.4M | 56.5M |
| Other Non-Operating Income | - | - |
| Pre-tax Income | 3.0B | 2.0B |
| Income Tax | 715.5M | 503.7M |
| Effective Tax Rate % | 23.8% | 25.4% |
| Net Income | 2.3B | 1.5B |
| Net Margin % | 14.3% | 16.9% |
| Key Metrics | ||
| EBITDA | 3.3B | 2.1B |
| EPS (Basic) | ₹22.00 | ₹14.22 |
| EPS (Diluted) | ₹21.95 | ₹14.21 |
| Basic Shares Outstanding | 104164045 | 104149000 |
| Diluted Shares Outstanding | 104164045 | 104149000 |
Income Statement Trend
Waaree Renewable Balance Sheet From 2024 to 2025
| Metric | 2025 | 2024 |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash & Equivalents | 267.9M | 95.9M |
| Short-term Investments | 2.3B | 90.0M |
| Accounts Receivable | 5.0B | 3.7B |
| Inventory | 64.5M | 291.7M |
| Other Current Assets | 528.0M | 4.0K |
| Total Current Assets | 8.1B | 5.5B |
| Non-Current Assets | ||
| Property, Plant & Equipment | 2.0B | 5.4M |
| Goodwill | 28.6M | 29.8M |
| Intangible Assets | 28.3M | 29.6M |
| Long-term Investments | - | - |
| Other Non-Current Assets | 24.0M | -1.0K |
| Total Non-Current Assets | 3.1B | 1.6B |
| Total Assets | 11.2B | 7.1B |
| Liabilities | ||
| Current Liabilities | ||
| Accounts Payable | 2.3B | 3.0B |
| Short-term Debt | 31.9M | 138.4M |
| Current Portion of Long-term Debt | - | - |
| Other Current Liabilities | 3.5B | 61.9M |
| Total Current Liabilities | 6.1B | 4.3B |
| Non-Current Liabilities | ||
| Long-term Debt | 241.8M | 273.4M |
| Deferred Tax Liabilities | 267.3M | 219.7M |
| Other Non-Current Liabilities | - | 200.0K |
| Total Non-Current Liabilities | 522.3M | 499.3M |
| Total Liabilities | 6.7B | 4.8B |
| Equity | ||
| Common Stock | 208.5M | 208.3M |
| Retained Earnings | - | 96.5M |
| Treasury Stock | - | - |
| Other Equity | - | - |
| Total Shareholders Equity | 4.5B | 2.3B |
| Key Metrics | ||
| Total Debt | 273.7M | 411.8M |
| Working Capital | 2.0B | 1.2B |
Balance Sheet Composition
Waaree Renewable Cash Flow Statement From 2024 to 2025
| Metric | 2025 | 2024 |
|---|---|---|
| Operating Activities | ||
| Net Income | 3.0B | 2.0B |
| Depreciation & Amortization | - | - |
| Stock-Based Compensation | 2.9M | 11.2M |
| Working Capital Changes | 1.3B | -2.8B |
| Operating Cash Flow | 4.3B | -763.6M |
| Investing Activities | ||
| Capital Expenditures | -1.0B | -108.0M |
| Acquisitions | - | - |
| Investment Purchases | - | - |
| Investment Sales | - | - |
| Investing Cash Flow | -1.0B | -108.0M |
| Financing Activities | ||
| Share Repurchases | - | - |
| Dividends Paid | -208.4M | -20.8M |
| Debt Issuance | - | - |
| Debt Repayment | - | - |
| Financing Cash Flow | -206.2M | -19.1M |
| Free Cash Flow | 2.0B | 1.2B |
| Net Change in Cash | 3.1B | -890.8M |
Cash Flow Trend
Waaree Renewable Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
36.90
Price to Book
23.26
Price to Sales
5.39
PEG Ratio
0.18
Profitability Ratios
Profit Margin
14.62%
Operating Margin
19.12%
Return on Equity
50.37%
Return on Assets
20.46%
Financial Health
Current Ratio
1.32
Debt to Equity
6.02
Beta
0.29
Per Share Data
EPS (TTM)
₹27.54
Book Value per Share
₹43.69
Revenue per Share
₹188.50
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| waareertl | 107.9B | 36.90 | 23.26 | 50.37% | 14.62% | 6.02 |
| Adani Green Energy | 1.5T | 92.56 | 13.74 | 5.88% | 13.85% | 354.58 |
| NTPC Green Energy | 890.2B | 155.31 | 4.70 | 2.57% | 24.11% | 104.90 |
| Acme Solar Holdings | 180.8B | 46.96 | 3.77 | 5.59% | 20.97% | 243.40 |
| KPI Green Energy | 97.3B | 26.88 | 3.67 | 12.37% | 18.33% | 56.08 |
| Inox Green Energy | 56.5B | 144.74 | 2.55 | 1.00% | 15.81% | 9.17 |
Financial data is updated regularly. All figures are in the company's reporting currency.