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Waaree Technologies

539337 BSE
₹182.30

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P/E
607.67
View as Markdown
MCP
Close 4 Nov 2026 ₹182.30 −74.05 −28.9% 1Y
Start ₹256.35

Key Fundamentals

SMEPowerUtilities

Price-based figures at the close · TTM

ROCE
−32.20%
Debt to Equity
Not meaningful: shareholders’ equity is negative
EPS (TTM)
₹0.30
Book Value
−₹5.65
Market Cap
—
P/E (TTM)
607.67
P/B
Not meaningful: book value is negative
ROE
Not meaningful: shareholders’ equity is negative
Dividend Yield
0.00%
EBITDA
−₹3.20 Cr
52W High
₹398.00
52W Low
₹131.25

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

30 Poor

Data confidence 93/100

Category scores

Quality
15
Poor
Returns, margins, earnings quality 22% weight
Valuation
25
Poor
Cheap vs sector & own history 24% weight
Growth
8
Poor
Sales & profit trajectory 9% weight
Financial Health
65
Good
Solvency, leverage, coverage 9% weight
Momentum
18
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

1
  • Company has low interest coverage ratio.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
48.05
Neutral
MACD (12,26,9)
−5.82
Bullish
SMA (50)
196.22
Bearish
SMA (200)
216.51
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
10Y+3.72%
5YZero base
3Y−37.64%
1Y−30.37%

Net profit

Net profit growth by window
10YTurned to loss
5YLoss widened by ₹4.04 Cr
3YLoss widened by ₹3.09 Cr
1YLoss narrowed by ₹1.47 Cr

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹1.63 Cr
5YTurned negative
3YTurned negative
1YOutflow widened by ₹0.74 Cr

Operating margin· change in pp

Operating margin growth by window
10Y−51.41 pp
5YNo sales
3Y−46.22 pp
1Y+3.63 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹4.76 Cr
Mar 2018₹6.78 Cr
Mar 2019₹1.47 Cr
Mar 2020−₹0.76 Cr
Mar 2021₹0.00 Cr
Mar 2022₹13.13 Cr
Mar 2023₹29.40 Cr
Mar 2024₹28.55 Cr
Mar 2025₹10.24 Cr
Mar 2026₹7.13 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.11 Cr
Mar 2018₹0.05 Cr
Mar 2019−₹0.08 Cr
Mar 2020−₹0.14 Cr
Mar 2021−₹0.14 Cr
Mar 2022₹0.19 Cr
Mar 2023−₹1.09 Cr
Mar 2024−₹7.50 Cr
Mar 2025−₹5.65 Cr
Mar 2026−₹4.18 Cr

Half-yearly Results

₹ Cr
539337 half-yearly results, ₹ crore
Particulars Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales
0
0
0
0
13.13
7.5
21.89
13.5
15.05
5.6
4.64
4.11
3.03
Expenses
0.1
0.06
0.21
0.17
13.03
7.47
23
15.1
21.31
7.99
7.73
5.2
5.49
Operating Profit
−0.1
−0.06
−0.21
−0.17
0.1
0.03
−1.11
−1.6
−6.26
−2.39
−3.09
−1.09
−2.46
OPM %
—
—
—
—
0.76%
0.4%
−5.07%
−11.85%
−41.59%
−42.68%
−66.59%
−26.52%
−81.19%
Other Income
0.03
0
0.04
0.09
0.27
0.15
0.17
0.22
0.14
0.04
0.18
0.19
0.13
Interest
0
0
0
0.02
0.02
0.01
0.03
0.2
0.02
0.02
0.07
0.28
0.32
Depreciation
0
0
0
0
0
0
0.68
1.09
1.09
1.09
1.1
1.08
0.64
PBT
−0.07
−0.06
−0.17
−0.1
0.35
0.17
−1.65
−2.67
−7.23
−3.46
−4.08
−2.26
−3.29
Tax %
0%
0%
−52.94%
−30%
25.71%
17.65%
−24.85%
−25.09%
−23.79%
−24.28%
−25.74%
−24.34%
−25.23%
Net Profit
−0.08
−0.06
−0.08
−0.07
0.26
0.15
−1.24
−1.99
−5.51
−2.62
−3.03
−1.72
−2.46
EPS (₹)
−0.22
−0.16
−0.22
−0.07
0.24
0.14
−1.15
−1.85
−5.12
−2.43
−2.81
−1.6
−2.28

Profit & Loss

₹ Cr
539337 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
4.2
4.95
4.76
6.78
1.47
−0.76
0
13.13
29.4
28.55
10.24
7.13
Expenses
4.04
4.87
4.61
6.71
1.66
−0.54
0.28
13.19
30.45
36.4
15.71
10.68
Operating Profit
0.16
0.08
0.15
0.07
−0.19
−0.22
−0.28
−0.06
−1.05
−7.85
−5.47
−3.55
OPM %
3.81%
1.62%
3.15%
1.03%
−12.93%
—
—
−0.46%
−3.57%
−27.5%
−53.42%
−49.79%
Other Income
0.03
0.11
0.04
0.06
0.14
0.1
0.05
0.36
0.32
0.36
0.22
0.32
Interest
0
0
0
0.01
0.05
0.01
0
0.04
0.07
0.23
0.09
0.6
Depreciation
0.03
0.04
0.04
0.03
0
0.01
0
0
0.68
2.18
2.19
1.73
PBT
0.16
0.15
0.15
0.09
−0.1
−0.14
−0.23
0.26
−1.48
−9.9
−7.53
−5.56
Tax %
31.25%
33.33%
33.33%
33.33%
−20%
0%
−39.13%
26.92%
−26.35%
−24.14%
−24.97%
−24.82%
Net Profit
0.11
0.1
0.11
0.05
−0.08
−0.14
−0.14
0.19
−1.09
−7.5
−5.65
−4.18
EPS (₹)
0.58
0.27
0.3
0.14
−0.22
−0.38
−0.38
0.18
−1.01
−6.97
−5.25
−3.88
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
539337 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
1.36
2.63
2.63
2.63
2.63
2.63
3.68
10.77
10.77
10.77
10.77
10.77
Reserves
0.21
1.22
1.33
1.38
1.3
1.16
−0.03
1.56
0.47
−7.03
−12.68
−16.86
Borrowings
0
0
0
0.29
0.38
0
0.15
0
3.05
17.85
17.66
21.11
Other Liabilities
0.6
0.69
0.22
0.09
0.02
0.03
0.04
0.14
18.63
3.21
3.75
2.77
Total Liabilities
2.17
4.54
4.18
4.39
4.33
3.82
3.84
12.47
32.92
24.8
19.5
17.79
Fixed Assets
0.16
0.19
0.15
0
0.01
0.01
0
0
7.47
5.77
3.95
2.42
CWIP
0
0
0
0
0
0
0
0
0.75
0.21
0.21
0
Investments
0
0
0
0
0
0
0.15
0.2
0.2
0.2
0.2
0.2
Other Assets
2.01
4.35
4.03
4.39
4.32
3.81
3.69
12.27
24.5
18.62
15.14
15.17
Total Assets
2.17
4.54
4.18
4.39
4.33
3.82
3.84
12.47
32.92
24.8
19.5
17.79

Cash Flow

₹ Cr
539337 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.67
−0.85
−1.06
−1.5
0.1
0.09
3.24
−10.49
9.15
−15.12
−1.74
−2.48
Investing
0
0.04
0.04
0.15
0.01
0.09
−0.1
0.13
−8.87
0.22
−0.23
−0.07
Financing
−0.06
2.17
0
0.28
0.04
−0.38
0.15
8.3
3.01
14.57
−0.27
2.85
Net Cash Flow
0.6
1.37
−1.02
−1.08
0.14
−0.2
3.29
−2.06
3.29
−0.32
−2.25
0.3
Free Cash Flow
0.65
−0.91
−1.06
−1.4
0.09
0.08
3.24
−10.49
0.26
−15.07
−2.11
−2.68
CFO/OP
456
−988
−673
−2,100
−58
−41
−1,157
17,483
−871
193
32
70

Ratios

539337 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
54.75
110
73.61
122
246
—
—
247
3.72
1.41
0
5.63
Inventory Days
48.34
50.63
178
35.44
0
—
—
2.33
171
77.86
129
129
Days Payable
47.35
51.44
14.52
0.59
—
—
—
2.91
29.9
10.52
35.59
54.35
Cash Conversion Cycle
55.74
109
237
157
246
—
—
246
145
68.75
93.53
80.36
Working Capital Days
51.27
108
202
212
911
—
—
301
−25.7
−120
27.09
−164
ROCE %
10%
5.54%
3.84%
2.91%
−1.16%
−3.21%
−6.06%
3.72%
−10.59%
−53.9%
−39.85%
−32.24%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Waaree Technologies insights

57 extracted metrics across FY15–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 58.81%
  • Public 33.56%
  • Others 7.63%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Waaree Technologies

What does Waaree Technologies Ltd do?
Incorporated in 2013, Waaree Technologies Ltd trades e-vehicles, batteries, lithium batteries and artificial intelligence based products & services
Where is Waaree Technologies Ltd (WAAREE) listed?
Waaree Technologies Ltd trades under code 539337 on the BSE.
Which sector does Waaree Technologies Ltd belong to?
Waaree Technologies Ltd is classified under the Power sector, in the Power Generation industry.
What is the PE ratio of Waaree Technologies Ltd?
Waaree Technologies Ltd trades at a PE ratio of 607.67 as of 4 Nov 2026, on earnings per share of ₹0.3, against a book value of ₹-5.65 per share.
What is the 52-week high and low of Waaree Technologies Ltd?
Over the last 52 weeks Waaree Technologies Ltd has traded between ₹131.25 and ₹398 as of 4 Nov 2026.

Company Information

Incorporated in 2013, Waaree Technologies Ltd trades e-vehicles, batteries, lithium batteries and artificial intelligence based products & services

Listed 14 Sep 2015
Face Value ₹10

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