- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹53 Cr3,135th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 19 May 2026
- 81.9
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 May 2026
- 0.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 19 May 2026
- 0.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 19 May 2026
- 0.97
- Volume, BSEVolume. Shares traded on the last trading day.
- 3,200
Results
Consolidated; ₹ crore, the charts by years to March, the table by half year.Half-yearly results
Half year to Mar 2026, against the half year beforeFiled 19 May
- RevenueRevenue. The pill is the change in revenue against the half year before: this period's figure divided by that one's, less one, in per cent.
- ₹19 Crup 115.10%
- Net profitNet profit. Under it, net profit in the half year before. A change in per cent is not worked out where either period is a loss or nothing.
- −₹1.17 CrHalf year to Sep 2025: ₹1.82 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- −6.2%
Revenue by year
Peak revenue ₹80 Cr, year to Mar 2019
Net profit by year, a loss in red
| ₹ crore | Sep 2022Filed 25 Nov | Mar 2023Filed 7 Aug | Sep 2023Filed 2 Dec | Mar 2024Filed 15 May | Sep 2024Filed 19 Nov | Mar 2025Filed 9 May | Sep 2025Filed 12 Nov | Mar 2026Filed 19 May |
|---|---|---|---|---|---|---|---|---|
| Revenue | 25.7 | 23.4 | 23.6 | 3.0 | 14.4 | 13.9 | 8.8 | 19.0 |
| Net profit | 3.8 | 6.1 | 4.7 | 1.9 | −0.3 | 7.3 | 1.8 | −1.2 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 14.8% | 25.9% | 19.9% | 63.6% | −2.0% | 52.4% | 20.6% | −6.2% |
Consolidated. The last eight half years. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Solar Power GenerationSolar Power Generation, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹21.5 Crup 113.32%77.6%
- Contract ReceiptContract Receipt, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹6.2 Cr22.4%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Not shown, EV/EBITDA: a period of the last twelve months does not state its operating profit. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 88% of 1,207 trading days over the last 5 years.
LowestHighest
Its median11.9Industry median18.1
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 6% of 1,207 trading days over the last 5 years.
LowestHighest
Its median0.5Industry median1.5
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −33.6% | −90.7% | +613.1% | 0.0% |
| 3 years | +5.0% | −59.6% | +159.7% | 0.0% |
| 5 years | −1.3% | −30.7% | +42.3% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Peers and competitors
Power Generation, 36 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Waa Solar in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Waaree TechnologiesWAAREE | 173 | – | – | – | −30.3% | – | – | – | 0.00% |
 Indowind EnergyINDOWIND | 133 | – | 0.4 | 10.1 | −1.4% | – | – | 1.2% | 0.00% |
 Emkay Taps and Cutting ToolsEMKAYTOOLS | 100 | 12.3 | 0.3 | – | −66.0% | −82.6% | 2.8% | – | 0.00% |
 Energy Development CompanyENERGYDEV | 61 | – | 15.5 | 7.5 | +16.6% | – | −94.0% | 10.9% | 0.00% |
 Karma EnergyKARMAENG | 37 | 41.8 | 0.9 | – | +5.8% | −28.5% | 2.2% | −10.0% | 0.00% |
 SRM EnergySRMENERGY | 28 | 5.2 | – | – | – | – | – | – | 0.00% |
 Gita Renewable EnergyGITARENEW | 28 | – | 2.1 | – | – | – | −0.2% | −2.5% | 0.00% |
 Advance Metering TechnologyAMTL | 24 | – | 0.3 | – | −16.1% | – | −12.0% | −18.9% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
Waa Solar share price by year
Each calendar year to 2025.Waa Solar share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 73.41 | −38.3% | 120.25 | 45.00 |
| 2024 | 118.95 | +32.6% | 249.35 | 89.55 |
| 2023 | 89.70 | +105.7% | 101.70 | 35.50 |
| 2022 | 43.60 | +12.4% | 59.40 | 36.25 |
| 2021 | 38.80 | +8.1% | 55.75 | 22.85 |
| 2020 | 35.90 | +89.7% | 35.90 | 7.68 |
| 2019 | 18.93 | −21.1% | 22.20 | 10.00 |
| 2018 | 24.00 | – | 77.33 | 23.00 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 12 Jun 2018.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 23 Oct 2026 | 40.17 | 40.17 | 40.00 | 40.10 | 40.11 | 3,200 |
| 22 Oct 2026 | 39.68 | 40.50 | 39.42 | 40.17 | 39.87 | 8,800 |
| 21 Oct 2026 | 42.50 | 42.50 | 39.01 | 41.99 | 41.23 | 11,200 |
| 19 Oct 2026 | 43.00 | 43.00 | 41.18 | 42.05 | 42.29 | 4,000 |
| 16 Oct 2026 | 42.50 | 42.60 | 42.00 | 42.60 | 42.28 | 3,200 |
| 15 Oct 2026 | 42.80 | 43.19 | 42.00 | 42.61 | 42.72 | 7,200 |
| 14 Oct 2026 | 44.40 | 44.40 | 42.51 | 42.70 | 43.05 | 7,200 |
| 13 Oct 2026 | 42.01 | 43.43 | 42.01 | 43.32 | 42.94 | 4,000 |
| 12 Oct 2026 | 42.37 | 43.61 | 42.37 | 43.46 | 43.22 | 5,600 |
| 9 Oct 2026 | 44.55 | 44.55 | 44.55 | 44.55 | 44.55 | 800 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 27 Apr 2021 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- Legal name
- Waa Solar Limited
- BSE code
- 541445
- ISIN
- INE799N01012
- Industry
- Power
- Listed
- Jun 2018
- Face value
- ₹10
- CIN
- L40106GJ2009PLC076764
- Corporate identity number, the registrar of companies' code for it