Waaree Renewable (WAAREERTL) | News Based Sentiment Analysis

• On September 9, 2025, Waaree Renewable Technologies announced a significant win, securing a ₹1,252.43 crore EPC order from Waaree Forever Energies Private Limited for an 870 MWac/1218 MWp grid-connected solar project. This includes turnkey execution, substation work, transmission lines, and two years of operation and maintenance, scheduled for completion in FY26-27 – a major boost to their project pipeline.
• The company’s order book is robust, standing at 3.15 GWp as of June 30, 2025, with an estimated value of ₹3,150–3,800 crore, expected to be executed over the next 12–15 months. Importantly, Waaree is expanding into Battery Energy Storage Systems (BESS), already including 40 MWh in its current order book, signaling a strategic diversification.
• Waaree Renewable reported impressive financial results for Q1 FY26, with revenue surging 155.2% year-on-year to ₹603.19 crore. This growth translated to a 186.14% increase in EBITDA to ₹117.54 crore (with a margin of 19.5%) and a 206.77% jump in Profit After Tax to ₹86.39 crore, demonstrating strong profitability.
• Following the strong Q1 performance, management guided for a sustainable EBITDA margin of 14–16% and highlighted a 25 GW project pipeline actively being pursued. This suggests confidence in continued growth and profitability, and provides a clear target for investors to monitor.
• Waaree Renewable continues to maintain a strong financial position, remaining virtually debt-free with a Debt/EBITDA ratio of just 0.07. The company also boasts impressive returns on equity, with 71% over three years and 65% for FY25, indicating efficient capital allocation.
• Analyst Rajneesh Sharma expressed a “breakout” potential for Waaree Renewable on September 9, 2025, citing strong Q1 earnings and the BESS focus. He outlined potential price targets ranging from ₹1,869 to ₹2,168 in the long term (6-12 months), though noted a P/B ratio of 23.7x as a valuation concern.
• The market reacted positively to the EPC order announcement, with shares gaining up to 5% on September 9, 2025, reaching an intraday high of ₹1,062.80. The closing price that day was ₹1,039.20, up 2.56% from the previous close, and the market capitalization reached ₹10,820.79 crore.
• Retail sentiment on Stocktwits was “bullish” with “extremely high” message volumes on September 9, 2025, indicating strong investor interest. Additionally, Metafin Cleantech Finance Pvt Ltd was reclassified as a public shareholder on September 8, 2025, by both the BSE and NSE.

The Investment Story: September was a strong month for Waaree Renewable Technologies, marked by a substantial EPC order win, impressive Q1 financial results, and positive analyst commentary, reinforcing its position as a key player in the renewable energy sector.

What It Means for Investors: The company’s robust order book, strong financial health, and strategic expansion into BESS suggest continued growth potential. However, investors should monitor the valuation (P/B ratio) and the successful execution of the large project pipeline.

Looking Ahead: Investors should watch for updates from the investor meets scheduled for September 10 and 12, 2025, and closely follow the integration of the new EPC project and the development of the BESS segment.

The Bottom Line: Waaree Renewable Technologies is demonstrating strong momentum and strategic execution, making it an attractive investment for those seeking exposure to the rapidly growing renewable energy market, though careful monitoring of valuation and project execution remains crucial.