WAA.BO · BSE

Waa Solar Limited

₹45.05

-6.15% (-₹2.95)

Prev. close

₹48

Volume

5,600

As of

24 Sept 2026

Price history

₹45.05-₹7.39 (-14.09%) · 3M
18 Jun 2026 → 24 Sept 2026
₹53.38₹42.518 Jun14 Jul07 Aug31 Aug24 Sept
Daily closes · updates after each session

No analyst calls on this stock in the last 90 days yet.

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Analyst opinions

No analyst calls on Waa Solar Limited in the last 90 days.

Fundamentals

About Waa Solar Limited

Waa Solar Limited, together with its subsidiaries, engages in the power generation and transmission business in India. It is involved in setting up solar power projects. The company was incorporated in 2009 and is based in Vadodara, India. Waa Solar Limited operates as a subsidiary of Madhav Power Pvt. Ltd.

Details

Sector

Utilities

Industry

Utilities - Renewable

CEO

Mr. Amit Ashok Khurana

Headquarters

Vadodara

Employees

16

Key stats

Market cap

₹63.68 Cr

P/E ratio (TTM)

98.0

EPS (TTM)

₹0.49

Beta (1Y · daily vs NIFTY 50)

1.38

Beta (5Y · monthly vs NIFTY 50)

1.47

Shares float

42.64 L

Financial Performance

01 · Financials

0 Cr20 Cr40 Cr60 Cr₹-50%-25%0%25%FY21FY22FY23FY24FY25FY26
RevenueNet incomeRevenue growth YoY

Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.0% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide. EBITDA is omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.

02 · Earnings Per Share (EPS)

0358₹FY22FY23FY24FY25

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based · pre-FY23 not filed in verifiable form

-100%0%100%200%FY21FY22FY23FY24FY25FY26
SalesFixed assetsTrade receivablesInventory

05 · Capital Structure & Asset Utilization

Pre-FY23 not filed in verifiable form

0 Cr200 Cr400 Cr600 Cr₹0×0.25×0.5×0.75×1×FY23FY24FY25FY26
Total assetsTotal debtDebt / equityAsset turnover

Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

Pre-FY23 not filed in verifiable form

0 Cr200 Cr400 Cr600 Cr₹FY21FY22FY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

Pre-FY23 not filed in verifiable form

-100 Cr0 Cr100 Cr200 Cr₹FY21FY22FY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹44.16 Cr₹46.00 Cr₹49.04 Cr₹26.69 Cr₹28.25 Cr₹27.77 Cr
EBITDA——₹36.02 Cr₹18.78 Cr₹12.91 Cr₹17.78 Cr
₹4.05 Cr₹7.26 Cr₹9.84 Cr₹6.63 Cr₹6.97 Cr₹65.04 L
Diluted EPS—₹5.7₹7.42₹5₹5.26—

Depreciation & amortisation, EBITDA, Pretax income, Tax provision, Interest expense, Diluted EPS have filed figures for only some of the years shown — the missing years are left blank rather than estimated.

09 · Balance Sheet

Annual

Line itemFY21FY22FY23FY24FY25FY26
——₹298.50 Cr₹234.58 Cr₹333.28 Cr₹412.00 Cr
——₹93.50 Cr₹50.82 Cr₹142.25 Cr₹178.12 Cr
Stockholders' equity——₹180.20 Cr₹182.16 Cr₹187.04 Cr₹184.62 Cr

Total assets, Current assets, Trade receivables, Cash & equivalents, Non-current assets, Fixed assets, Total debt, Long-term debt, Current (short-term) debt, Others, Stockholders' equity have filed figures for only some of the years shown — the missing years are left blank rather than estimated. Inventory shows ₹0 for 2025-03-31 — this deck's own annual-report reading has no Inventory figure for this filer in any year shown (2025-03-31, 2021-03-31, 2022-03-31 alike); the ₹0 shown here comes from this filer's own reported data feed rather than this deck's own extraction, and is positively consistent with a filer that holds no physical inventory (typical for lenders and other financial-services companies) rather than a display default. 2021-03-31, 2022-03-31 have no Inventory figure reaching this deck at all — not shown as zero, not shown as positive — left blank rather than assumed to match the other years.

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY21FY22FY23FY24FY25FY26
——₹36.86 Cr₹14.97 Cr₹-4.55 Cr₹67.45 Cr
Investing cash flow——₹-1.29 Cr₹51.44 Cr₹-62.95 Cr₹-87.34 Cr
——₹-30.92 Cr₹-66.94 Cr₹86.34 Cr₹24.75 Cr
Capital expenditure——₹-46.48 L₹-65.59 L₹-79.11 Cr₹-88.23 Cr
End cash position——₹19.78 Cr₹19.26 Cr₹38.10 Cr₹42.95 Cr

Operating cash flow, Depreciation & amortization, Change in working capital, Investing cash flow, Financing cash flow, Debt repaid, Capital expenditure, End cash position have filed figures for only some of the years shown — the missing years are left blank rather than estimated.

Annual only — the data source has no quarterly cash-flow-statement coverage.

12 · Peer Comparison

Utilities

Company
Adani Power Limited₹3.95 L Cr₹199.4828.06.0819.8%0.84-3.5%+38.0%
NTPC Limited₹3.16 L Cr₹326.69.91.5613.3%1.33-1.2%-6.0%
Power Grid Corporation of India Limited₹2.51 L Cr₹266.413.22.5015.8%1.51+1.6%-9.2%
Adani Green Energy Limited₹2.14 L Cr₹1,280.1124.710.738.3%5.08+11.6%+16.9%
Adani Energy Solutions Limited₹1.69 L Cr₹1,340.556.86.649.0%1.93+15.4%+50.8%
Tata Power Company Limited₹1.18 L Cr₹363.4530.62.999.5%2.02-4.8%-6.9%
Siemens Energy India Limited₹1.14 L Cr₹3,215.477.026.1325.1%0.03+63.5%-8.4%
GAIL (India) Limited₹1.14 L Cr₹173.8511.41.278.5%0.28-0.2%-1.2%
JSW Energy Limited₹94,413.02 Cr₹51040.43.077.3%2.50+62.8%-4.7%
NTPC Green Energy Limited₹80,404.03 Cr₹95.43153.94.242.8%1.67+29.8%-6.7%
NHPC Limited₹77,085.59 Cr₹76.2528.11.869.1%1.32+7.2%-11.6%
Waa Solar Limited₹63.68 Cr₹4898.00.340.4%0.96-1.7%-30.3%

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