541445-BOM

WAA Solar Ltd.

BSE: 541445

SME

Sector: Power

Industry Group: Power

Industry: Power Generation

49.33+2.8 (+6.09%)

17 Jul, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

Score not available

Value Score

Score not available

Price Momentum Score

Score not available

QVM Score

Score not available

Key Metrics

Market Cap

65.45

P/E (TTM)

100.65

P/B

0.35

P/S (TTM)

2.36

EV/EBITDA

12.96

CAPE (5Y)

10.34

ROE (TTM)

0.35

ROCE (TTM)

2.49

ROA (TTM)

0.17

Avg 3Y ROE

2.60

Earnings 3Y CAGR

-59.58

Sales 3Y CAGR

-17.27

Sales 5Y CAGR

-8.86

Debt/Equity

0.96

Consensus TP

Strong Buy %

Promoter Holding

67.86

Pledged %

75.16

Stock Analysis

Fundamental analysis overview of WAA Solar Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

High and improving operating margin

The company reported strong operating margin of 30.98% for 12-month ended 31 Mar 2026 and operating margin improved by 822 bps from 1 year ago

What is Operating profit margin?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.96 as on 31 Mar 2026 and Debt to Equity increased marginally by 0.2 in the last 1 year

What is Debt to Equity?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 100.66 indicates that the stock is expensive on a standalone basis and is at a 183.95% premium to industry median P/E

What is P/E Ratio?

Median: 35.45

Value 100.66

9.84529.15

Low and declining ROE

The company reported low ROE of 0.35% for 12-month ended 31 Mar 2026 and ROE declined by -343 bps from 1 year ago

What is ROE (FY)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of -1.68% for 12-month ended 31 Mar 2026 and the growth was 13.81 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 12.13

Value -1.68

-55.93281.86

Low EPS growth and lower than median growth of industry

The company delivered moderate EPS growth of -90.68% for 12-month ended 31 Mar 2026 and the growth was 104.66 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Low dividend yield

The company has a low dividend yield of 0.0%

What is Dividend yield?

Neutral

Not enough talking points with neutral stance

Financial Snapshot

See detailed analysis

Multi-year trends for WAA Solar Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

WAA Solar Ltd. Shareholding Pattern

Quarterly breakdown of WAA Solar Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Aug 2017	Jun 2018	Jul 2018	Sep 2018	Mar 2019	Sep 2019	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
Total Promoter	100.00	69.85	69.85	69.85	69.85	69.85	69.85	69.85	69.81	69.81	69.81	69.81	69.81	69.75	68.46	67.85	67.86	67.86	67.86
Indian Promoter	100.00	69.85	69.85	69.85	69.85	69.85	69.85	69.85	69.81	69.81	69.81	69.81	69.81	69.75	68.46	67.85	67.86	67.86	67.86
Foreign Promoter	0.00	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	0.00	-	0.00	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Mutual Funds / UTI	0.00	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	0.00	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Institutions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Institution	0.00	30.15	30.15	30.15	30.15	30.15	30.15	30.15	30.19	30.19	30.19	30.19	30.19	30.25	31.54	32.15	32.14	32.14	32.14
Bodies Corporate	0.00	4.25	4.25	17.04	-	4.44	-	13.50	16.28	19.42	-	6.39	7.13	6.49	2.52	1.04	1.32	1.33	1.48
Others (incl. Retail) No. of shareholders	0.00 0	25.90 886	25.90 886	13.11 310	30.15 320	25.71 299	30.15 315	16.65 320	13.91 309	10.77 458	30.19 1,039	23.80 1,062	23.06 1,035	23.76 1,070	29.02 1,428	31.11 2,249	30.82 2,336	30.81 2,383	30.66 2,280

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in WAA Solar Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
Narsingh Pal Singh	29 Dec 2025	sell	₹ 53.98	1.22 lac	-

Corporate Actions

History of WAA Solar Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Bonus1 new shares for 1 existing shares
Ex-date: 27th Apr 2021Announced on: 5th Mar 2021

Company Profile

Overview of WAA Solar Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Waa Solar Limited is an India-based company, which is engaged in solar power generation. The Company sets up solar power projects and invests in special purpose vehicle (SPV) associate and subsidiary companies, which are engaged in solar power generation activities. The Company is also engaged in en...

Key personnel

Mr. Mohanan Shankaran Choran

Chief Financial Officer

Ms. Mansi Gopalbhai Heda

Compliance Officer, Company Secretary

Mr. Amit A. KhuranaD

Managing Director, Executive Chairman of the Board

Mrs. Neelakshi KhuranaD

Executive Director

Mr. Shankar Prasad BhagaD

Additional Non-Executive Independent Director

Mr. Prashant Kumar GuptaD

Non-Executive Independent Director

Mr. Nikhil KaushikD

Additional Non-Executive Independent Director

Mr. Nikhil KaushikD

Additional Non-Executive Independent Director

Incorporated on

09 Nov 2009

Last Annual

31 Mar 2026

Last Interim

31 Mar 2026

No. of Employees

IPO date

12 Jun 2018

Free Float

42,64,000

Website

https://www.waasolar.org/

Phone no.

+912652290722

Address

MADHAV HOUSE NR. PANCHRATNA BUILDING, SUBHANPURA, , 390023, India

Frequently Asked Questions

What is the current share price of WAA Solar Ltd.?

The current share price of WAA Solar Ltd. is ₹ 49.33 as of 17 Jul 2026.

What is the market capitalisation of WAA Solar Ltd.?

The market capitalisation of WAA Solar Ltd. stands at ₹ 65.45 Cr.

What is the PE ratio of WAA Solar Ltd.?

The Price-to-Earnings (PE) ratio of WAA Solar Ltd. is 100.65 as of the latest trailing twelve months data.

What is the ROE and ROCE of WAA Solar Ltd.?

WAA Solar Ltd. has a Return on Equity (ROE) of 0.35% and a Return on Capital Employed (ROCE) of 2.49% as per the latest financial reports.

What is the 52-week high and low of WAA Solar Ltd.?

The 52-week high of WAA Solar Ltd. is - and the 52-week low is -.

What is the dividend yield of WAA Solar Ltd.?

The dividend yield of WAA Solar Ltd. is 0.00% based on the current market price.

What is the FII and DII holding in WAA Solar Ltd.?

Foreign Institutional Investors (FII) hold 0.00%, Domestic Institutional Investors (DII) hold 0.00% and retail/public investors hold 30.66% of WAA Solar Ltd. shares.

What sector does WAA Solar Ltd. belong to?

WAA Solar Ltd. operates in the Power sector.

What is the beta of WAA Solar Ltd.?

The beta of WAA Solar Ltd. is 1.10, indicating its price volatility relative to the broader market. Over the past 1 year, WAA Solar Ltd. has delivered an absolute return of -37.16%.

What is the RSI of WAA Solar Ltd.?

The 14-day Relative Strength Index (RSI) of WAA Solar Ltd. is 43.26, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

WAA Solar Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

WAA Solar Ltd. Shareholding Pattern

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Corporate Actions

Company Profile