Synopsis: Renewable Energy Company has secured a new energy storage project that strengthens its execution pipeline, expands its presence in the fast-growing battery storage segment, and improves long-term business visibility.
The shares of this small cap company majorly engaged in the business of generation of power through renewable energy sources and also provides consultancy services, were in focus after it bags 350 MW battery storage EPC order.
With the market capitalization of Rs. 9871 Crores, the shares of Waaree Renewable Technologies Ltd were trading at around Rs. 946 per share which is 30 percent discount from its 52 weeks high of Rs. 1358 per share and is trading at a P/E of 20.6 whereas industry P/E stands at 26.6
What is the NEWS
Waaree Renewable Technologies has received a turnkey EPC order for a 350 MW/1400 MWh Battery Energy Storage System (BESS) project from Waaree Forever Energies Private Limited. Along with the engineering, procurement, and construction work, the company will also provide two years of operation and maintenance services. The project is expected to be completed during FY26-27, giving the company better revenue visibility over the next few years.
The order is important because battery storage is becoming a key part of renewable energy infrastructure, helping manage power supply and grid stability. The deal also shows Waaree Renewable’s growing presence in the energy storage segment in addition to its solar business. Since the order comes from a group-linked entity, it reflects continued project flow and execution support within the Waaree ecosystem.
About the company and Financials
Waaree Renewable Technologies Limited is engaged in the renewable energy business with a focus on solar power and related infrastructure solutions. The company mainly works in engineering, procurement, and construction (EPC) services for solar and renewable energy projects, helping develop clean energy capacity across utility-scale and industrial applications.
The Waaree group has developed a large manufacturing and execution base with around 26 GWp solar module capacity, 5.4 GWp solar cell capacity, and nearly 3.05 GWp inverter capacity, supporting both domestic and international demand. Its products are exported to nearly 25 countries, reflecting a growing global reach. The group also has a strong project pipeline with an order book of around Rs. 60,000 crore, giving long-term business visibility and supporting future growth across renewable energy and energy infrastructure segments.
Year on Year analysis: Revenue from operations has increased from Rs. 477 Crores to Rs. 1102 Crores, up 131 percent. Operating profit has increased from Rs. 126 Crores to Rs. 207 Crores, up 64 percent and net profit has increased from Rs. 94 Crores to Rs. 156 Crores, up 66 percent
Quarter on Quarter analysis: Revenue from operations has increased from Rs. 851 Crores to Rs. 1102 Crores, up 29 percent. Operating profit has increased from Rs. 159 Crores to Rs. 207 Crores, up 30 percent and net profit has increased from Rs. 120 Crores to Rs. 156 Crores, up 30 percent.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Solar Stock in Focus After Securing 350 MW Battery Energy Storage System Project appeared first on Trade Brains.