Waaree RTL

Mumbai, India Founded: 2021 • Age: 5 yrs Listed
Solar-powered products are manufactured in Mumbai, India.
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About Waaree RTL

Waaree RTL is a publicly listed company based in Mumbai (India) founded in 2021. Solar-powered products are manufactured in Mumbai, India. The company has 286 employees. Its website waareertl.com draws about 14 thousand monthly visits. Its Indian entity Waaree Renewable Technologies Limited reported revenue of ₹3,352 Cr. Waaree RTL offers products and services including Ground Mounted Solar, Rooftop Solar, Floating Solar, and Operations & Maintenance. Its focus areas include Energy, Solar Energy, Solar Products and Multi-Products. Its competitors include Borosil Renewables, Servoteh and Nessa; 1 of its 3 listed competitors has raised funding.

Company details

Waaree RTL was established in 2021 in Mumbai, India, as a manufacturer within the renewable energy sector. Solar-powered products are produced, with operations centered on design and assembly processes. The company serves markets requiring sustainable energy solutions, including residential and commercial applications. Activities are based in India, supporting local and regional distribution through its online presence at waareertl.com. Focus remains on core manufacturing without expansion into unrelated areas.

Operational Areas
Energy & Utilities → Renewable & Sustainable Energy
Key Metrics
  • Market Cap
    ₹7,642 Cr

    WAAREERTL · NSE

  • Share Price
    ₹748.00

    +2.17% today

  • Revenue
    ₹3,331 Cr

    FY 2025-26 · +108.5% YoY

  • EBITDA
    ₹641 Cr

    Margin 19.2%

  • Net Profit
    ₹479 Cr

    FY 2025-26 · +108.0% YoY

  • P/E (TTM)
    15.6x

    P/B 6.5x

  • ROE
    68.9%

    ROCE 83.2%

  • Debt / Equity
    0.12

    Interest cover 2.1x

  • Employee Count
    286

Products & Services of Waaree RTL

Waaree RTL offers a comprehensive portfolio of products and services, including Ground Mounted Solar, Rooftop Solar, Floating Solar, and Operations & Maintenance.

Ground Mounted Solar
Solar Installation

Service for large-scale ground solar project installation and execution.

Rooftop Solar
Solar Installation

Solutions for installing solar panels on building rooftops.

Floating Solar
Solar Installation

Systems for solar panels on water bodies to generate energy.

Operations & Maintenance
Solar Services

Ongoing support for solar projects to ensure optimal performance.

Board of directors of Waaree Renewable Technologies Limited (Waaree RTL)

Waaree Renewable Technologies Limited is the primary company behind Waaree RTL. The boards of the 2 registered companies of Waaree RTL currently have 14 directors; the longest-serving is Hitesh Chimanlal Doshi, appointed in 2007. 42 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Hitesh Chimanlal Doshi
DIN 00293668
Managing Director16 Feb 200719 yrs 8 moWaaree Energies Limited
Viren Doshi Chimanlal
DIN 00207121
Whole-time director26 Nov 200718 yrs 11 moWaaree Energies Limited, Waaree Renewable Technologies Limited
Hitesh Pranjivan Mehta
DIN 00207506
Whole-time director01 Apr 201115 yrs 7 moWaaree Energies Limited, Waaree Renewable Technologies Limited
Pujan Pankaj Doshi
DIN 07063863
Managing Director02 Sep 201610 yrs 2 moWaaree Renewable Technologies Limited
Nilesh Bhogilal Gandhi
DIN 03570656
Director13 Feb 20179 yrs 8 moWaaree Renewable Technologies Limited
Rajender Mohan Malla
DIN 00136657
Director16 Jan 20197 yrs 9 moWaaree Energies Limited
Sunil Nandkishor Rathi
DIN 08036090
Whole-time director28 Mar 20233 yrs 7 moWaaree Renewable Technologies Limited
Ambika Sharma
DIN 08201798
Director20 Jun 20242 yrs 4 moWaaree Renewable Technologies Limited
Sunil Jain
DIN 02967042
Director27 Sep 20242 yrs 1 moWaaree Renewable Technologies Limited
Rajinder Singh Loona
DIN 02305074
Director26 Mar 20251 yr 7 moWaaree Energies Limited
Sudhir Arya
DIN 05135780
Director16 Apr 20251 yr 6 moWaaree Renewable Technologies Limited
Mahesh Ramchand Chhabria
DIN 00166049
Director01 Jul 20251 yr 4 moWaaree Energies Limited
Jignesh Devchandbhai Rathod
DIN 11121448
Whole-time director21 Mar 20267 moWaaree Energies Limited
Mona Mukund Bhide
DIN 05203026
Director30 Aug 20262 moWaaree Energies Limited

People of Waaree RTL

7 people are tracked at Waaree RTL (4 in leadership, 3 in team); the tracked headcount is 286.

NameRoleGroup
Pujan Doshi
Managing DirectorLeadership
Kumar Ravikesh Singh
Chief Operating OfficerLeadership
Hitesh Mehta
Executive DirectorLeadership
Viren Doshi
Executive DirectorLeadership
Anjana Patel
Assistant ManagerTeam
Heema Shah
Company SecretaryTeam
Mahendra Vishwakarma
Senior Account ExecutiveTeam
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IPO & Listings of Waaree RTL

Waaree RTL is a publicly listed company on the NSE with ticker symbol WAAREERTL in India, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date08 Sep 2012
  • Listed onBSE: 534618
  • Listed entityWaaree Renewable Technologies Ltd
  • Exchange sectorUtilities
  • ISININE299N01021
  • Share price₹807.35 (-0.11% on the day) · 2026-10-14
  • Market capitalisation₹8,433 Cr
  • Price to earnings16.6
  • EPS (diluted, trailing year)₹48.67
  • Volume (last session)66,439

Financials of Waaree RTL

Exchange-reported figures of Waaree Renewable Technologies Limited, the listed company behind Waaree RTL (NSE: WAAREERTL).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,331 Cr
+108.5% YoY
EBITDA
₹641 Cr
+108.9% YoY
Profit After Tax
₹479 Cr
+108.0% YoY
Net Worth
₹934 Cr
+105.2% YoY
Total Assets
₹1,084 Cr
+124.2% YoY
Total Debt
₹146 Cr
+432.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,3311,59887635116212.985.68
Revenue growth+108.5%+82.3%+149.7%+117.3%+1144.2%+128.5%-
EBITDA64130720783.7523.516.990.38
EBITDA margin+19.2%+19.2%+23.6%+23.9%+14.6%+53.9%+6.7%
Profit before tax64030019877.0321.223.40(2.52)
Net profit47923014555.208.49(2.34)(2.81)
Net profit margin+14.4%+14.4%+16.6%+15.7%+5.3%-18.0%-49.5%
EPS (₹)45.8621.9813.9526.634.13(1.14)(1.53)
Balance sheet
Total assets1,08448428712471.9117296.34
Net worth93445524785.1429.9022.2725.95
Total debt14627.3740.4838.9841.8411739.77
Cash & bank35919412116.5142.196.1136.76
Net working capital506150135(15.43)10.89(7.43)23.40
Cash flow
Cash from operations28730312865.1542.55(2.31)50.85
Cash from investing(264)(237)(114)(65.96)9.43(105)(38.16)
Cash from financing22.55(48.57)(7.18)(9.20)(39.99)80.6814.38
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,0589241,102851775603477360
Revenue growth (YoY)+36.5%+53.2%+131.3%+136.2%+47.7%+155.2%--
Other income9.185.276.055.124.434.834.863.78
EBITDA16017320715915811812271.93
EBITDA margin+15.1%+18.8%+18.8%+18.7%+20.4%+19.5%+25.7%+20.0%
Depreciation26.975.782.092.112.182.231.631.62
Interest36.839.592.683.423.623.564.383.35
Profit before tax10516320815815711712170.74
Tax23.8844.4252.3838.2040.2230.1827.4017.26
Net profit81.4811915612011686.4193.7653.48
EPS (₹)7.0711.0914.9411.5011.138.278.985.12
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,3311,5978763421547.601.98
Revenue growth+108.5%+82.3%+156.4%+122.5%+1920.5%+283.8%-
EBITDA64130720775.9913.232.750.06
EBITDA margin+19.2%+19.2%+23.6%+22.2%+8.6%+36.2%+3.0%
Profit before tax64430119979.8125.952.66(0.37)
Net profit48323014559.2920.392.34(0.29)
Net profit margin+14.5%+14.4%+16.6%+17.4%+13.3%+30.8%-14.7%
EPS (₹)46.1922.0113.9728.549.801.12(0.09)
Balance sheet
Total assets1,05948528911252.5269.9067.14
Net worth93945724711152.2132.7830.42
Total debt11527.3740.480.000.0936.9436.67
Cash & bank35819312112.7438.570.530.28
Net working capital50315413922.7549.2234.680.60
Cash flow
Cash from operations29130212858.1533.523.273.30
Cash from investing(272)(237)(114)(66.00)18.59(8.01)2.89
Cash from financing25.84(48.57)(7.18)(2.31)(39.36)4.99(6.13)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue4528111,102851775603477360
Revenue growth (YoY)-41.7%+34.5%+131.3%+136.2%+47.7%+155.3%--
Other income6.296.917.656.645.124.934.943.86
Total expenses345652896692617486354288
EBITDA10715920715915811812271.87
EBITDA margin+23.7%+19.7%+18.8%+18.7%+20.4%+19.5%+25.7%+20.0%
Depreciation2.672.292.062.082.152.201.601.59
Interest24.417.372.683.423.623.564.383.35
Profit before tax86.3115721016015711712170.79
Tax18.1842.2652.3738.1940.2130.1827.3917.25

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 05 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue1,0589241,102851775603477360
Revenue growth (YoY)+36.5%+53.2%+131.3%+136.2%+47.7%+155.2%--
Other income9.185.276.055.124.434.834.863.78
EBITDA16017320715915811812271.93
EBITDA margin+15.1%+18.8%+18.8%+18.7%+20.4%+19.5%+25.7%+20.0%
Depreciation26.975.782.092.112.182.231.631.62
Interest36.839.592.683.423.623.564.383.35
Profit before tax10516320815815711712170.74
Tax23.8844.4252.3838.2040.2230.1827.4017.26
Net profit81.4811915612011686.4193.7653.48
EPS (₹)7.0711.0914.9411.5011.138.278.985.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,3311,59887635116212.985.68
Revenue growth+108.5%+82.3%+149.7%+117.3%+1144.2%+128.5%-
Other income20.4314.804.151.538.322.441.69
Total expenses2,6901,2916692671385.995.30
Employee cost0.0029.5617.309.475.530.550.67
EBITDA64130720783.7523.516.990.38
EBITDA margin+19.2%+19.2%+23.6%+23.9%+14.6%+53.9%+6.7%
Depreciation8.626.376.122.953.671.691.11
Interest13.2914.846.775.306.944.343.48
Profit before tax64030019877.0321.223.40(2.52)
Tax16171.5553.2321.6812.325.770.66
Net profit47923014555.208.49(2.34)(2.81)
Net profit margin+14.4%+14.4%+16.6%+15.7%+5.3%-18.0%-49.5%
EPS (₹)45.8621.9813.9526.634.13(1.14)(1.53)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital20.8720.8520.8320.8120.8120.8120.81
Reserves & surplus91343522664.339.091.465.14
Shareholders' funds (net worth)93445524785.1429.9022.2725.95
Minority interest(0.52)(0.46)(0.23)(0.14)(0.05)31.9630.57
Secured loans21.6727.3730.4833.5636.3278.010.00
Unsecured loans1240.0010.005.425.5239.1039.77
Total debt14627.3740.4838.9841.8411739.77
Total liabilities1,08448428712471.9117296.34
Assets
Gross block30121716981.7077.8715832.09
Net block27219815774.2873.1615530.49
Capital work in progress17856.373.1780.200.901.5241.18
Investments31.2051.979.000.000.5630.090.00
Inventories1176.4529.1736.521.690.460.00
Sundry debtors1,17249837361.3146.536.171.36
Cash & bank balances35919412116.5142.196.1136.76
Loans & advances11961.7918.7113.212.191.626.92
Total current assets1,76776054112892.6014.3645.04
Total current liabilities1,26161040614381.7121.7921.64
Net working capital506150135(15.43)10.89(7.43)23.40
Total assets1,08448428712471.9117296.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash26.799.593.2613.271.2827.470.40
Net cash from operating activities28730312865.1542.55(2.31)50.85
Net cash from investing activities(264)(237)(114)(65.96)9.43(105)(38.16)
Net cash from financing activities22.55(48.57)(7.18)(9.20)(39.99)80.6814.38
Net change in cash45.0217.206.34(10.01)11.99(26.19)27.07
Closing cash35919412116.5142.196.1136.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+108.5%+82.3%+149.7%+117.3%+1144.2%+128.5%-
EBITDA growth+108.9%+48.1%+147.4%+256.2%+236.3%+1739.5%-
PBT growth+112.9%+51.4%+157.6%+263.0%+524.1%+9998.0%-
Net income growth+108.0%+58.4%+163.2%+550.2%+462.8%+16.7%-
Revenue CAGR (3Y)+111.7%+114.7%+307.2%+295.3%+184.1%+85.6%-
EBITDA CAGR (3Y)+97.1%+135.5%+209.5%+504.0%+94.8%+140.9%-
Profitability & leverage
Net income margin+14.4%+14.3%+16.6%+15.8%+5.5%-18.3%-56.0%
Return on capital employed+83.2%+81.7%+99.6%+83.8%+26.6%0.0%0.0%
Return on net worth+68.9%+65.2%+87.6%+96.1%+34.0%0.0%0.0%
Debt / equity0.120.100.240.703.053.252.17
Long-term debt / equity0.070.070.170.552.823.132.09
Interest cover2.104.943.376.5634.9881.89-476.71
Efficiency & per share
Fixed asset turnover12.878.286.984.401.370.140.18
Inventory turnover54.0889.7126.6918.37150.2356.430.00
Debtors turnover3.993.674.046.516.133.452.07
EPS (₹)45.8821.9813.9526.634.13(1.14)(1.53)
Dividend per share (₹)0.001.001.001.000.500.000.00
Book value per share (₹)89.5443.6923.6740.9014.3710.7012.47
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue4528111,102851775603477360
Revenue growth (YoY)-41.7%+34.5%+131.3%+136.2%+47.7%+155.3%--
Other income6.296.917.656.645.124.934.943.86
Total expenses345652896692617486354288
EBITDA10715920715915811812271.87
EBITDA margin+23.7%+19.7%+18.8%+18.7%+20.4%+19.5%+25.7%+20.0%
Depreciation2.672.292.062.082.152.201.601.59
Interest24.417.372.683.423.623.564.383.35
Profit before tax86.3115721016015711712170.79
Tax18.1842.2652.3738.1940.2130.1827.3917.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,3311,5978763421547.601.98
Revenue growth+108.5%+82.3%+156.4%+122.5%+1920.5%+283.8%-
Other income24.3415.134.465.1814.353.693.11
Total expenses2,6901,2906692661404.851.92
Employee cost0.0029.5617.309.475.530.550.67
EBITDA64130720775.9913.232.750.06
EBITDA margin+19.2%+19.2%+23.6%+22.2%+8.6%+36.2%+3.0%
Depreciation8.506.255.990.180.160.160.16
Interest13.2914.846.771.181.473.623.38
Profit before tax64430119979.8125.952.66(0.37)
Tax16171.5453.1220.415.550.32(0.21)
Net profit48323014559.2920.392.34(0.29)
Net profit margin+14.5%+14.4%+16.6%+17.4%+13.3%+30.8%-14.7%
EPS (₹)46.1922.0113.9728.549.801.12(0.09)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital20.8720.8520.8320.8120.8120.8120.81
Reserves & surplus91943622790.6231.4011.979.61
Shareholders' funds (net worth)93945724711152.2132.7830.42
Secured loans21.6727.3730.480.000.000.000.00
Unsecured loans93.230.0010.000.000.0936.9436.67
Total debt11527.3740.480.000.0936.9436.67
Total liabilities1,05948528911252.5269.9067.14
Assets
Gross block26621416610.123.823.753.75
Net block2381951549.273.153.243.40
Capital work in progress11156.223.0380.050.000.000.00
Investments31.2351.999.010.220.7832.1032.10
Inventories1176.4529.1736.521.690.460.00
Sundry debtors1,17249737261.2845.112.460.02
Cash & bank balances35819312112.7438.570.530.28
Loans & advances11266.6823.0254.3142.7544.030.86
Total current assets1,75976454516512847.481.16
Total current liabilities1,25661040614278.9012.800.56
Net working capital50315413922.7549.2234.680.60
Total assets1,05948528911252.5269.9067.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash26.779.583.2413.180.430.180.12
Net cash from operating activities29130212858.1533.523.273.30
Net cash from investing activities(272)(237)(114)(66.00)18.59(8.01)2.89
Net cash from financing activities25.84(48.57)(7.18)(2.31)(39.36)4.99(6.13)
Net change in cash44.9817.196.33(10.16)12.750.250.06
Closing cash35819312112.7438.570.530.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+108.5%+82.3%+156.4%+122.5%+1920.5%+283.8%-
EBITDA growth+108.8%+48.4%+172.3%+474.4%+381.1%+4483.3%-
PBT growth+113.8%+51.6%+148.9%+207.6%+875.6%+9998.0%-
Net income growth+109.4%+58.4%+145.3%+190.8%+771.4%+906.9%-
Revenue CAGR (3Y)+113.6%+118.3%+386.7%+456.8%+212.5%+80.2%+96.7%
EBITDA CAGR (3Y)+103.6%+185.2%+322.2%+981.9%+74.3%--
Profitability & leverage
Net income margin+14.5%+14.4%+16.6%+17.4%+13.3%+30.8%-8.1%
Return on capital employed+85.1%+81.6%+102.6%+98.6%+44.8%+9.2%+5.0%
Return on net worth+69.1%+65.2%+81.1%+72.6%+48.0%+7.4%-1.6%
Debt / equity0.100.100.110.000.441.161.78
Long-term debt / equity0.050.070.080.000.441.161.78
Interest cover2.104.933.371.5611.25139.77-3,380.00
Efficiency & per share
Fixed asset turnover13.918.419.9449.0340.572.030.53
Inventory turnover54.0789.6926.6817.89142.8533.040.00
Debtors turnover3.993.684.046.426.466.131.37
EPS (₹)46.2522.0113.9728.549.801.12(0.09)
Dividend per share (₹)0.001.001.001.000.500.000.00
Book value per share (₹)90.0443.8123.7653.5425.0815.7514.62

Competitors of Waaree RTL

Waaree RTL has 3 listed competitors in our database, 1 of them funded. They include Borosil Renewables, Servoteh and Nessa.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Borosil Renewables
borosilrenewables.com1962Mumbai, India762
Solar glass is manufactured by Borosil Renewables for photovoltaic applications.
Servoteh
servotech.in2004Delhi, India178
Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs
Nessa
nessa.in2008Ahmedabad, India$95,27784
Offers solar consumer goods
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Web traffic of Waaree RTL

The website of Waaree RTL (waareertl.com) receives about 14.2K visits a month.

  • Monthly visits
    14.2K

    ▲ 38.1% vs previous month

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Top companies in Renewable & Sustainable Energy

3 companies that operate in the same segment as Waaree RTL (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Husk Power Systems
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CleanMax
Solar energy projects are developed for commercial and industrial clients.
2011Mumbai, Maharashtra, IndiaUSD 442.67 MUSD 166.51 M365
Waaree Energies
Manufacturer of solar PV modules
1990Mumbai, Maharashtra, IndiaUSD 111.38 MUSD 2.77 B8,690
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Related news about Waaree Rtl

Waaree Renewable: Expects To Keep Consolidated EBITDA Margins Over 15% And Foresees T&D Segment Margins, Currently At 9-10%, To Rise In The Coming Quarters; The Unexecuted Order Book Exceeding INR 5,500 Crores, With INR 3,300 Crores From Solar EPC And BESS, Is Expected To Generate Revenue In The Next Three To Four Quarters.
Exchange Update • 14 days ago
Waaree Renewable: Solar EPC Will Drive Core Growth With T&D Business, Over INR 20,000 Crore Order Pipeline. Company Anticipates Strong Opportunities in Renewable Energy, BESS, and T&D Due to Policy Support and Increasing Demand.
Exchange Update • 14 days ago
Waaree Renewable: Expects Interest And Depreciation To Steady, Aiming To Cut Acquisition Debt Soon - Concall Update
Exchange Update • 14 days ago
WAAREERTL: Q2 REVENUE 10.6B RUPEES VS 7.7B (YOY)
Exchange Update • 17 days ago
WAAREERTL: Q2 CONS NET PROFIT 815M RUPEES VS 1.2B (YOY)
Exchange Update • 17 days ago
WAAREERTL: Q2 EBITDA 1.6B RUPEES VS 1.58B (YOY); Q2 EBITDA MARGIN 15.14% VS 20.38% (YOY)
Exchange Update • 17 days ago
Waaree Renewable Technologies: Company Gets Expanded Scope for 150 MWAC Solar Project with Order Value Increasing by ₹22 Crore.
Exchange Update • 21 days ago
Waaree Renewable Technologies: Gets Approval For 5 MW Solar Project
Exchange Update • 28 days ago
Waaree Renewable Technologies: Gets Updated Scope For 2012.47 MWP Solar EPC Contract, Increasing Order Value By ₹14.79 Crore.
Exchange Update • 1 month ago
Waaree Renewable Technologies: Company Set To Meet Analysts And Investors On September 24 At 11 AM
Exchange Update • 1 month ago
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Frequently Asked Questions about Waaree RTL

Waaree RTL was founded in 2021.

Waaree RTL is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Waaree RTL has 286 employees.

The primary company behind Waaree RTL, Waaree Renewable Technologies Limited, reported revenue of ₹3,352 Cr for FY 2026, up 109% year on year.

Waaree RTL was established in 2021 in Mumbai, India, as a manufacturer within the renewable energy sector. Solar-powered products are produced, with operations centered on design and assembly processes. The company serves markets requiring sustainable energy solutions, including residential and commercial applications. Activities are based in India, supporting local and regional distribution through its online presence at waareertl.com. Focus remains on core manufacturing without expansion into unrelated areas.

Waaree RTL's top competitors include Servoteh, Borosil Renewables and Nessa.

Waaree RTL offers Ground Mounted Solar, Rooftop Solar, Floating Solar, and Operations & Maintenance.

Yes, Waaree RTL is publicly traded on NSE under the ticker symbol WAAREERTL.

Waaree RTL is associated with 2 legal entities: Waaree Renewable Technologies Limited, Waaree Energies Limited.

The legal entities of Waaree RTL currently have 18 directors, including Viren Doshi Chimanlal, Hitesh Pranjivan Mehta, Rajender Mohan Malla and others.

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