WAAREERTL
Waaree Renewable Technologies Ltd
Each stock's 10,000-path forecast, rendered as light.
Waaree Renewable Technologies Ltd (WAAREERTL) Stock Analysis & Case Study
Is WAAREERTL a good buy? The data-driven verdict.
Waaree Renewable Technologies Ltd (WAAREERTL) trades at ₹906,on the numbers it worth a closer look, a Downstox Snapshot Score of 63/100.
On the numbers, Waaree Renewable Technologies Ltd (WAAREERTL) worth a closer look, a Downstox Snapshot Score of 63/100, weighing fairly valued at 18.6× earnings, ROE of 68.9%, a 53% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
WAAREERTL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How WAAREERTL ranks against the 2,373 companies in our screener
- WAAREERTL's market cap of 9,481 Cr ranks in the 75th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WAAREERTL's book value of ₹90 ranks in the 49th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WAAREERTL's promoter holding of 74.3% ranks in the 88th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WAAREERTL's 3-year profit (PAT) growth of 105.0% ranks in the 94th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WAAREERTL's 3-year revenue growth of 112.0% ranks in the top 2% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WAAREERTL's debt-to-equity ratio of 0.16x is lower than 68% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is WAAREERTL overvalued? WAAREERTL P/E vs peers
WAAREERTL trades at 18.6× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
WAAREERTL share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of WAAREERTL history (54%/yr drift, 51%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| WAAREERTL 2027 | ₹490 | ₹949 | ₹1,840 | +4% |
| WAAREERTL 2028 | ₹393 | ₹992 | ₹2,503 | +9% |
| WAAREERTL 2029 | ₹334 | ₹1,036 | ₹3,214 | +14% |
| WAAREERTL 2030 | ₹284 | ₹1,082 | ₹4,124 | +19% |
| WAAREERTL 2031 | ₹256 | ₹1,130 | ₹4,994 | +24% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability WAAREERTL goes up, or doubles?
The bull case for WAAREERTL
- WAAREERTL's P/E of 18.7x is lower than 65% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WAAREERTL's return on equity of 68.9% ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WAAREERTL's return on capital employed of 83.6% ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹3,214.
The bear case & risks
- A steep 10.1× price-to-book means most of the value is intangible/expectations, not assets on the books.
- High historical volatility (51%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹334.
WAAREERTL volatility & expected range, how bumpy is the ride?
Over the last 9.8 years WAAREERTL compounded at 54%/year with annualized volatility of 51%. That volatility implies a 1-year 80% range of ₹490-₹1,840, the honest backbone behind any single price target.
WAAREERTL price forecast, the full 60-month probability fan
WAAREERTL price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds WAAREERTL hits common targets within the simulated horizon?
Full multi-horizon detail on the WAAREERTL price target & forecast page.
WAAREERTL Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. WAAREERTL scores 6/8, mixed financial health.
WAAREERTL MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy WAAREERTL with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 36.19% | 2.8× |
| Zerodha | 36.14% | 2.8× |
| Groww | 60.00% | 1.7× |
| Dhan | 36.14% | 2.8× |
| Kotak NeoCHEAPEST | 36.10% | 2.8× |
| Paytm Money | 36.53% | 2.7× |
| Pocketful | 36.58% | 2.7× |
| Anand Rathi | 36.14% | 2.8× |
| Bajaj Broking | 45.00% | 2.2× |
| Share India | 36.34% | 2.8× |
Compare every broker on the WAAREERTL MTF page.
About Waaree Renewable Technologies Ltd: sector, index & market-cap context
Waaree Renewable Technologies Ltd (WAAREERTL) is a small-cap NSE-listed company, with a market capitalisation of ₹9,451 Cr. See more stocks on our screener.
How the WAAREERTL Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Waaree Renewable Technologies Ltd's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
WAAREERTL analysis, FAQs
Is Waaree Renewable Technologies Ltd (WAAREERTL) a good buy?
On the numbers, Waaree Renewable Technologies Ltd (WAAREERTL) worth a closer look, a Downstox Snapshot Score of 63/100, weighing fairly valued at 18.6× earnings, ROE of 68.9%, a 53% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is WAAREERTL overvalued or undervalued?
WAAREERTL trades at 18.6× earnings, fairly valued versus the ~22× long-run Nifty average.
What is the WAAREERTL share price target for 2031?
WAAREERTL's probability-weighted 2031 median target is ₹1,130, with an 80% range of ₹256-₹4,994 (10,000-path Monte-Carlo).
What is the probability WAAREERTL doubles in 5 years?
The modelled probability of WAAREERTL reaching ₹1,818 (2×) within 5 years is 34%.
What is the bull case for WAAREERTL?
WAAREERTL's P/E of 18.7x is lower than 65% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. WAAREERTL's return on equity of 68.9% ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. WAAREERTL's return on capital employed of 83.6% ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in WAAREERTL?
A steep 10.1× price-to-book means most of the value is intangible/expectations, not assets on the books. High historical volatility (51%/yr) means a wide, bumpy range of outcomes, size positions accordingly.