Waaree Technologies
WAAREETECHNOLOGIESLTD NSE
Waaree Technologies
PowerNSE: WAAREETECHNOLOGIESLTD BSE: 539337 Power Generation
Key Fundamentals
SMEPower GenerationPowerMarket Cap
₹223 Cr
Volatility
Moderate
P/E Ratio
-53.3
EBITDA
₹-3.55 Cr
Return on Equity
295.87%
Debt to Equity
19.4
Book Value
₹-5.66
EPS
₹0
52W High
₹398
52W Low
₹131.25
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
1- Company has low interest coverage ratio.
Growth Rate
Revenue Growth
-32.1% higher than
3Y
Net Income Growth
-25.36% higher than
3Y
Cash Flow Change
88.49% higher than
3Y
ROE
-248% lower than
3Y
ROCE
-273%
EBITDA Margin (Avg.)
-5.21% lower than
3Y
Quarterly Results
| 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 | 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 in Rs | -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
| 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 | 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 in Rs | 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
| 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 | 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
| 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 | 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
| 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 | 54.75 | 110 | 73.61 | 122 | 246 | 0 | — | 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 | 0 | — | 246 | 145 | 68.75 | 93.53 | 80.36 |
| Working Capital Days | 51.27 | 108 | 202 | 212 | 911 | 1,801 | — | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Waaree Technologies insights
58 extracted metrics + investor summaries across FY15–FY26.
Documents
1
Clarification With Respect To The Query Raised By The BSE Limited For The Significant Movement In Price
20 Apr - Waaree Technologies says recent scrip price movement is market-driven; no company-controlled reason known. 20 Apr - Waaree Technologies says recent scrip price movement is market-driven; no company-controlled reason known.
2
Clarification sought from Waaree Technologies Ltd
20 Apr - Exchange has sought clarification from Waaree Technologies Ltd on April 20, 2026, with reference to Movement in Price. 20 Apr - Exchange has sought clarification from Waaree Technologies Ltd on April 20, 2026, with reference to Movement in Price.
3
Clarification With Respect To The Query Raised By The BSE Limited For The Significant Movement In Price
12h - Waaree Technologies says recent scrip price movement is market-driven; no company-controlled reason known. 12h - Waaree Technologies says recent scrip price movement is market-driven; no company-controlled reason known.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Apr - Confirmation certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026 issued by the RTA of the … 14 Apr - Confirmation certificate under regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026 issued by the RTA of the …
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[1]
Where is Waaree Technologies Ltd (539337) listed?
Waaree Technologies Ltd trades as WAAREETECHNOLOGIESLTD on the NSE and 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 market capitalisation of Waaree Technologies Ltd?
Waaree Technologies Ltd has a market capitalisation of ₹222.6 Cr, which places it in the Small Cap band.
What is the PE ratio of Waaree Technologies Ltd?
Waaree Technologies Ltd trades at a PE ratio of -53.30, on earnings per share of ₹0, against a book value of ₹-5.66 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.
What is the Return on Equity (ROE) of Waaree Technologies Ltd?
Waaree Technologies Ltd reported a return on equity of 295.87%. Its debt-to-equity ratio is 19.40.
Company Information
Incorporated in 2013, Waaree Technologies Ltd trades e-vehicles, batteries, lithium batteries and artificial intelligence based products & services[1]
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