Waa Solar
Power
541445 BSE
₹41.00
Close ·
Close 4 Nov 2026 ₹41.00 −22.05 −35.0% 1Y
Start ₹63.05
Key Fundamentals
SMEPowerUtilitiesPrice-based figures at the close · TTM
- ROCE
- 3.24%
- Debt to Equity
- 0.96
- EPS (TTM)
- —
- Book Value
- ₹139.16
- Market Cap
- —
- P/E (TTM)
- —
- P/B
- 0.29
- ROE
- 0.25%
- Dividend Yield
- 0.00%
- EBITDA
- ₹18.20 Cr
- 52W High
- ₹78.70
- 52W Low
- ₹39.01
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
39 Weak
Data confidence 84/100
Category scores
- Quality
- 39
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 45
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 28
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 22
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 15
- 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
Strengths
1- Stock is trading at 0.32 times its book value
Weaknesses
6- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -8.73% over past five years.
- Company has a low return on equity of 2.57% over last 3 years.
- Promoters have pledged 75.2% of their holding.
- Company has high debtors of 155 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 7 | 1 |
| Oscillators | Neutral | 1 | 7 | 1 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Neutral
Bearish
1
Neutral
7
Bullish
1
Overall
Strong Bearish
Bearish
11
Neutral
7
Bullish
1
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 41.34
- Neutral
- MACD (12,26,9)
- −1.16
- Bullish
- SMA (50)
- 44.87
- Bearish
- SMA (200)
- 50.83
- 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
| 10Y | −7.95% |
|---|---|
| 5Y | −8.73% |
| 3Y | −17.10% |
| 1Y | −1.70% |
Net profit
| 10Y | −20.09% |
|---|---|
| 5Y | −31.47% |
| 3Y | −60.29% |
| 1Y | −90.67% |
Operating cash flow
| 10Y | +2.58% |
|---|---|
| 5Y | +14.71% |
| 3Y | +22.31% |
| 1Y | Turned positive |
Operating margin· change in pp
| 10Y | −9.92 pp |
|---|---|
| 5Y | −27.77 pp |
| 3Y | −16.93 pp |
| 1Y | +18.82 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
| Mar 2017 | ₹51.67 Cr |
|---|---|
| Mar 2018 | ₹50.78 Cr |
| Mar 2019 | ₹79.34 Cr |
| Mar 2020 | ₹47.88 Cr |
| Mar 2021 | ₹43.84 Cr |
| Mar 2022 | ₹45.72 Cr |
| Mar 2023 | ₹48.74 Cr |
| Mar 2024 | ₹26.40 Cr |
| Mar 2025 | ₹28.25 Cr |
| Mar 2026 | ₹27.77 Cr |
Net profit by year
| Mar 2017 | −₹1.21 Cr |
|---|---|
| Mar 2018 | ₹3.92 Cr |
| Mar 2019 | ₹3.79 Cr |
| Mar 2020 | ₹11.25 Cr |
| Mar 2021 | ₹4.30 Cr |
| Mar 2022 | ₹7.73 Cr |
| Mar 2023 | ₹10.38 Cr |
| Mar 2024 | ₹6.63 Cr |
| Mar 2025 | ₹6.97 Cr |
| Mar 2026 | ₹0.65 Cr |
Half-yearly Results
₹ Cr| Particulars | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16.94 | 21.39 | 22.77 | 21.33 | 24.67 | 25.68 | 23.36 | 23.65 | 3.04 | 14.38 | 13.86 | 8.81 | 18.96 |
| Expenses | 15.19 | 3.07 | 4.48 | 3.8 | 7 | 9.19 | 4.43 | 6.64 | 1.88 | 9.68 | 8.2 | 2.45 | 9.83 |
| Operating Profit | 1.75 | 18.32 | 18.29 | 17.53 | 17.67 | 16.49 | 18.93 | 17.01 | 1.16 | 4.7 | 5.66 | 6.36 | 9.13 |
| OPM % | 10.33% | 85.65% | 80.32% | 82.18% | 71.63% | 64.21% | 81.04% | 71.92% | 38.16% | 32.68% | 40.84% | 72.19% | 48.15% |
| Other Income | 19.27 | 0.7 | 0.58 | 0.54 | 0.52 | 0.28 | 0.37 | 0.45 | 0.22 | 0.61 | 1.99 | 1.55 | 1.16 |
| Interest | 6.01 | 8.31 | 6.67 | 6.11 | 5.71 | 5.12 | 4.93 | 4.28 | −0.27 | 2.24 | 2.86 | 4.81 | 6.31 |
| Depreciation | 5.85 | 8.24 | 8.15 | 8.06 | 8.07 | 7.96 | 7.99 | 7.98 | 1 | 4.5 | −0.58 | 3 | 3.87 |
| PBT | 9.16 | 2.47 | 4.05 | 3.9 | 4.41 | 3.69 | 6.38 | 5.2 | 0.65 | −1.43 | 5.37 | 0.1 | 0.11 |
| Tax % | 17.58% | 18.22% | 51.11% | 17.18% | 30.61% | 19.51% | 15.99% | 16.15% | 72.31% | 0% | 0.74% | 20% | 509.09% |
| Net Profit | 8.59 | 2.1 | 2.2 | 4.21 | 3.53 | 3.6 | 6.81 | 5.04 | 1.59 | −0.29 | 7.26 | 1.82 | −1.17 |
| EPS (₹) | 6.45 | 1.49 | 1.56 | 2.84 | 2.63 | 2.87 | 4.57 | 3.54 | 1.46 | −0.22 | 5.47 | 1.37 | −0.88 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 65.97 | 63.59 | 51.67 | 50.78 | 79.34 | 47.88 | 43.84 | 45.72 | 48.74 | 26.4 | 28.25 | 27.77 |
| Expenses | 20.34 | 21.81 | 7.95 | 9.07 | 18.82 | 18.83 | 7.21 | 10.51 | 13.3 | 8.11 | 17.81 | 12.28 |
| Operating Profit | 45.63 | 41.78 | 43.72 | 41.71 | 60.52 | 29.05 | 36.63 | 35.21 | 35.44 | 18.29 | 10.44 | 15.49 |
| OPM % | 69.17% | 65.7% | 84.61% | 82.14% | 76.28% | 60.67% | 83.55% | 77.01% | 72.71% | 69.28% | 36.96% | 55.78% |
| Other Income | 0.6 | 1.06 | 0.73 | 2.63 | 5.79 | 21.33 | 1.25 | 1.06 | 0.65 | 0.55 | 2.51 | 2.71 |
| Interest | 19.9 | 20.68 | 21.38 | 21.43 | 26.43 | 18.31 | 14.97 | 11.82 | 10.06 | 4.01 | 5.09 | 11.12 |
| Depreciation | 14.85 | 15.96 | 24.08 | 18.04 | 33.02 | 19.56 | 16.39 | 16.13 | 15.96 | 8.98 | 3.92 | 6.88 |
| PBT | 11.48 | 6.2 | −1.01 | 4.87 | 6.86 | 12.51 | 6.52 | 8.32 | 10.07 | 5.85 | 3.94 | 0.2 |
| Tax % | 1.13% | 1.13% | 19.8% | 19.51% | 46.65% | 18.94% | 38.65% | 24.28% | 17.58% | 22.39% | 1.02% | 290% |
| Net Profit | 11.35 | 6.12 | −1.21 | 3.92 | 3.79 | 11.25 | 4.3 | 7.73 | 10.38 | 6.63 | 6.97 | 0.65 |
| EPS (₹) | 284 | 121 | −26.6 | 3.79 | 3.14 | 8.36 | 3.05 | 5.47 | 7.42 | 5 | 5.25 | 0.49 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.19 | 0.27 | 0.27 | 4.88 | 6.63 | 6.63 | 6.63 | 13.27 | 13.27 | 13.27 | 13.27 | 13.27 |
| Reserves | 81.27 | 109 | 63.74 | 113 | 142 | 155 | 158 | 159 | 167 | 169 | 174 | 171 |
| Borrowings | 329 | 179 | 173 | 188 | 235 | 149 | 135 | 115 | 93.5 | 50.82 | 142 | 178 |
| Other Liabilities | 35.92 | 10.07 | 12.4 | 14.88 | 76.73 | 30.88 | 22.13 | 23.27 | 24.79 | 1.6 | 3.98 | 49.25 |
| Total Liabilities | 447 | 298 | 249 | 320 | 461 | 342 | 322 | 310 | 299 | 235 | 333 | 412 |
| Fixed Assets | 396 | 257 | 191 | 226 | 204 | 104 | 138 | 122 | 107 | 44.4 | 98.45 | 181 |
| CWIP | 0 | 0 | 3.53 | 0.51 | 71.14 | 45.88 | 0 | 0 | 0 | 0.27 | 21.4 | 19.9 |
| Investments | 0.7 | 25.81 | 36.45 | 42.75 | 80.99 | 76.72 | 82.15 | 87.43 | 87.82 | 97.22 | 97.02 | 96.68 |
| Other Assets | 49.8 | 14.91 | 18.56 | 51.01 | 104 | 115 | 101 | 101 | 104 | 92.69 | 116 | 114 |
| Total Assets | 447 | 298 | 249 | 320 | 461 | 342 | 322 | 310 | 299 | 235 | 333 | 412 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 47.36 | 52.3 | 42.4 | 40.35 | 106 | 24.57 | 33.96 | 31 | 36.86 | 14.97 | −4.55 | 67.45 |
| Investing | −194 | 98.12 | −18.16 | −33.98 | −133 | 75.69 | −18.28 | 1.41 | −1.29 | 51.44 | −62.95 | −87.34 |
| Financing | 124 | −151 | −24.2 | −5.58 | 62.55 | −106 | −38.52 | −31.15 | −30.92 | −66.94 | 86.34 | 24.75 |
| Net Cash Flow | −22.64 | −0.34 | 0.04 | 0.79 | 36.3 | −5.58 | −22.84 | 1.27 | 4.65 | −0.53 | 18.84 | 4.86 |
| Free Cash Flow | −150 | 175 | 37.62 | 40.35 | 24.27 | 38.19 | 34.91 | 31 | 36.4 | 15.58 | −83.66 | −20.78 |
| CFO/OP | 104 | 125 | 97 | 99 | 181 | 93 | 100 | 94 | 108 | 91 | −43 | 439 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12.84 | 11.94 | 14.27 | 45 | 14.54 | 81.57 | 90 | 106 | 90.91 | 208 | 215 | 155 |
| Inventory Days | — | — | — | — | — | — | — | — | — | 576 | 0 | — |
| Days Payable | — | — | — | — | — | — | — | — | — | 369 | — | — |
| Cash Conversion Cycle | 12.84 | 11.94 | 14.27 | 45 | 14.54 | 81.57 | 90 | 106 | 90.91 | 414 | 215 | 155 |
| Working Capital Days | 122 | 52.52 | −92.61 | 160 | −22.27 | 409 | 521 | 480 | 434 | 924 | 697 | 5.65 |
| ROCE % | 9.14% | 7.43% | 7.51% | 9.4% | 8.55% | 5.7% | 6.59% | 6.46% | 6.73% | 3.76% | 3.26% | 3.24% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Waa Solar insights
57 extracted metrics across FY15–FY26.
Documents
- 9 Jul 2026
- 1 Jul 2026
- 23 Jun 2026
- 20 May 2025
- 24 Mar 2025
- General announcements 8 Oct 2026
Frequently Asked Questions about Waa Solar
What does Waa Solar Ltd do?
Incorporated in 2009, Waa Solar Ltd is in the business of solar power generation and its transmission
Where is Waa Solar Ltd (WAA) listed?
Waa Solar Ltd trades under code 541445 on the BSE.
Which sector does Waa Solar Ltd belong to?
Waa Solar Ltd is classified under the Power sector, in the Power Generation industry.
What is the 52-week high and low of Waa Solar Ltd?
Over the last 52 weeks Waa Solar Ltd has traded between ₹39.01 and ₹78.7 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Waa Solar Ltd?
Waa Solar Ltd reported a return on equity of 0.25%. Its debt-to-equity ratio is 0.96.
Company Information
Incorporated in 2009, Waa Solar Ltd is in the business of solar power generation and its transmission
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