Waaree Renewable Technologies Limited (WAAREERTL) Fair Value & Analysis
Industrials · IN · Market cap ₹106B
Fair value as of: Jul 3, 2026
From 26 valuation models · updated today
Share price +4.5% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹782.30 – ₹1,331 · fair‑value band ₹591.96 – ₹2,042 · the ₹1,020 price screens below the ₹1,057 fair value. As of Jul 3, 2026.
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Waaree Renewable Technologies Limited (WAAREERTL) currently trades at ₹1,020, while our model-based Fair Value estimate is ₹1,057 — implying the stock looks roughly 3.6% undervalued today. We read business quality at 58/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Waaree Renewable Technologies Limited generated revenue of ₹83.2M at a net margin of -34.0%. Revenue grew 131.2% year over year. Net debt stands at ₹738M. The stock trades on a trailing P/E of 22.3. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Waaree Renewable Technologies Limited engages in the generation of power through renewable energy sources in India. The company offers ground mounted solar; capex model; resco opex; rooftop solar; floating solar; and operations and maintenance solutions. It also provides engineering, procurement, and construction (EPC) services. The company serves the individual, industrial, and commercial sectors. The company was formerly known as Sangam Renewables Limited and changed its name to Waaree Renewable Technologies Limited in July 2021. The company was incorporated in 1999 and is headquartered in Mumbai, India. Waaree Renewable Technologies Limited operates as a subsidiary of Waaree Energies Limited.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Waaree Renewable Technologies Limited reported revenue of ₹33.3B in FY2026 versus ₹1.6B in FY2022, a compound +113.1%/yr. Reported net income was ₹4.8B in FY2026, compounding +173.1%/yr from FY2022.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.