As of 6 Nov 2026, Waaree Technologies is loss-making on a trailing 12-month basis, with a net loss of ₹4.18 Cr, so it has no P/E ratio. The share price is ₹192.80, 52% below its 52-week high. Sales fell 38% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹21 Cr. It is listed on an SME platform with a market cap of ₹208 Cr, ranked 22nd of 27 Solar companies by market cap; the shares fell 25% over the past year.
- ₹193.90
- ₹193.90
- ₹182.70
- ₹195.65
- 13.8K
Health check
- ReturnsIn line
−24.5% over a year, better than 3 of 7 peers.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthShrinking
Sales −37.6% a year over 3 years.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹208 Cr
- Small cap
- P/E
- n/a
- Industry 15.5
- Price to book
- −34.10
- Peers 4.38
- Dividend yield
- 0.00%
- ROE
- n/a
- Peers 29.9%
- ROCE
- −63.0%
- Peers 27.4%
- Debt to equity
- n/a
- Debt ₹21 Cr
- EPS (TTM)
- −₹3.88
- OPM (TTM)
- −99.2%
- Net margin −58.6%
- Sales growth
- −34.8%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 29.11
- EV/EBITDA −65.2
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Negative net worth: liabilities exceed assets.
- Quarterly sales down 34.8% on a year ago.
- 52% below its 52-week high.
- Interest coverage of only −6.1×.
About Waaree Technologies
Waaree Technologies Limited manufactures and sells lithium batteries in India. The company also engages in trading of e-vehicles, batteries, and artificial intelligence-based products/services. Its products have applications in battery energy storage systems (BESS), telecom and ups lithium-ion battery, forklift and traction lithium-ion battery, e-bike lithium-ion battery, and e-rickshaw lithium-ion battery. The company was formerly known as H.K. Trade…
- Headquarters
- Mumbai
- Employees
- 16
- Sector
- Technology
- ISIN
- INE725P01012
- Website
- waareetech.com
Price range
- Avg volume (3M)
- 7.9K
- 1-year return
- minus 24.5%
- From 52-week high
- minus 51.6%
Peers · Solar
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| WAAREEENERWaaree Energies | 2,438.00 | minus 0.46% | 70,129 | 19.0 | 12.0 | 30.1% | 19.9% | 0.31 | 57.8% | minus 27.3% |
| PREMIERENEPremier Energies | 890.00 | plus 0.85% | 40,316 | 22.5 | 17.4 | 27.4% | 29.9% | 0.86 | 76.2% | minus 15.3% |
| EMMVEEEmmvee Photovoltaic Power | 251.31 | minus 0.28% | 17,399 | 12.1 | 9.7 | 34.5% | 34.7% | 0.25 | 102.7% | plus 14.5% |
| KARAMTARAKaramtara Engineering | 375.70 | minus 0.96% | 12,091 | 52.8 | 27.7 | 18.1% | 9.0% | 0.91 | 40.4% | plus 6.7% |
| UTLSOLARFujiyama Power Systems | 351.80 | minus 9.21% | 10,811 | 35.7 | 22.5 | 28.9% | 18.8% | 0.41 | 58.7% | plus 68.8% |
| BORORENEWBOROSIL RENEWABLES | 403.20 | minus 2.55% | 5,934 | 13.4 | 12.1 | 9.5% | 30.1% | 0.07 | 20.2% | minus 37.6% |
| VIKRAMSOLRVikram Solar | 142.39 | plus 1.95% | 5,160 | 14.1 | 6.0 | 20.5% | 15.4% | 0.20 | 32.3% | minus 56.6% |
| WAAREEWaaree Technologies | 192.80 | minus 1.46% | 208 | – | – | −63.0% | −99.2% | – | −37.6% | minus 24.5% |
| Median of 7 peers | – | −0.46% | 12,091 | 19.0 | 12.1 | 27.4% | 19.9% | 0.31 | 57.8% | −15.3% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- −37.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 29.3 | 28.5 | 10.2 | 7.1 | |
| – | minus 2.7% | minus 64.1% | minus 30.3% | |
| 30.4 | 36.4 | 15.7 | 10.7 | |
| −1 | −7.9 | −5.5 | −3.6 | |
| −3.6% | −27.5% | −53.4% | −49.8% | |
| 0.3 | 0.3 | 0.2 | 0.3 | |
| 0 | 0.2 | 0.1 | 0.6 | |
| 0.7 | 2.2 | 2.2 | 1.7 | |
| – | – | 0 | – | |
| −1.5 | −9.9 | −7.5 | −5.6 | |
| 26.4% | 24.2% | 25.0% | 24.8% | |
| −1.1 | −7.5 | −5.7 | −4.2 | |
| -1.01 | -6.97 | -5.25 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.8 | 10.8 | 10.8 | 10.8 | |
| 0.5 | −7 | −12.7 | −16.9 | |
| 3.1 | 17.8 | 17.7 | 21.1 | |
| 18.6 | 3.2 | 3.7 | 2.8 | |
| 32.9 | 24.8 | 19.5 | 17.8 | |
| 5.5 | 3.9 | 2.6 | 1.4 | |
| 0.7 | 0.2 | 0.2 | – | |
| 0.2 | 0.2 | 0.2 | 0.2 | |
| 4.5 | 4.2 | 2 | 2.3 | |
| 22 | 16.3 | 14.5 | 13.9 | |
| 32.9 | 24.8 | 19.5 | 17.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.2 | −15.1 | −1.7 | −2.5 | |
| −8.9 | 0.2 | −0.2 | −0.1 | |
| 3 | 14.6 | −0.3 | 2.9 | |
| 3.3 | −0.3 | −2.2 | 0.3 | |
| −8.9 | – | −0.4 | −0.2 | |
| 0.3 | −15.1 | −2.1 | −2.7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.