Waa Solar logo

Waa Solar share price

BSE: 541445PowerSmall Cap

Waa Solar Limited · Face value ₹10 · Listed Jun 2018
Last close ₹42.40up ₹2.41 (6.03%)

Share price at the BSE close on 27 Oct 2026. Previous close ₹39.99.

27 Oct: open ₹42.30, high ₹42.40, low ₹42.30

52-week range of traded prices to 27 Oct 2026
₹39.01Low, 21 Oct 2026₹78.70High, 1 Jan 2026
Market cap
₹56 Cr3,135th largest listed
P/E
86.63
P/B
0.30
Dividend yield
Nonein the last 12 months
ROE
0.3%
Debt to equity
0.97
Volume, BSE
5,600

Waa Solar share price chart

Daily closes since Jun 2018, adjusted for splits and bonuses

−31.6%over a year · Nifty 500 −8.8%

20-session average 5,680 shares a day

Results

Consolidated; ₹ crore.Waa Solar half-yearly results

Revenue growth, 12 months
−1.7%
Net profit growth, 12 months
−90.7%

Half year to Mar 2026, against the half year before

Revenue
₹19 Crup 115.10%
Net profit
−₹1.17 CrHalf year to Sep 2025: ₹1.82 Cr
Net margin
−6.2%

Revenue by half year

₹26 CrSep 22₹23 CrMar 23₹24 CrSep 23₹3.04 CrMar 24₹14 CrSep 24₹14 CrMar 25₹8.81 CrSep 25₹19 CrMar 26
Peak revenue ₹26 Cr, half year to Sep 2022; lowest ₹3.04 Cr, half year to Mar 2024

Net profit by half year, a loss in red

  • Net profit
  • Loss
₹3.81 CrSep 22₹6.06 CrMar 23₹4.69 CrSep 23₹1.94 CrMar 24−₹0.29 CrSep 24₹7.26 CrMar 25₹1.82 CrSep 25−₹1.17 CrMar 26
A loss in the half year to Mar 2026, −₹1.17 CrA loss in 2 of the 8 half years shown
₹ croreSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Revenue25.723.423.63.014.413.98.819.0
Net profit3.86.14.71.9−0.37.31.8−1.2
Net margin14.8%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 Generation₹21.5 Crup 113.32%77.6%
  • Contract Receipt₹6.2 Cr22.4%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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.

Shareholding

Per cent of the company's shares, from the filing of 30 Sep 2026.Waa Solar shareholding pattern

Shareholding by group

  • Promoters67.86%
  • Individuals and others32.14%
Holder
MADHAV POWER PRIVATE LIMITEDPromoter52.90%
ARMAAN AMIT TRUST (IN THE NAME OF TRUSTEE ASHOK M. KHURANA)Promoter11.23%
AMIT ASHOK KHURANAPromoter3.58%
MADHAV ASHOK TRUST (IN THE NAME OF TRUSTEE ASHOK M. KHURANA)Promoter0.08%
ASHOK MADHAVDAS KHURANAPromoter0.07%
MANJU ASHOK KHURANAPromoter0.01%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names.

Promoters have pledged 75.16% of their shares. Since Mar 2026: promoters unchanged.

Waa Solar competitors and peers

Power Generation, 36 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Waa Solar in market cap. Waa Solar's own figures are from its last trade, on 27 Oct 2026.Power stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Globus Constructors & Developers logoGlobus Constructors & DevelopersGLOBUSCON164–20.43−100.0%−103.3%−1.5%−6.7%0.00%
Indowind Energy logoIndowind EnergyINDOWIND130–0.42−1.4%––1.2%0.00%
Emkay Taps and Cutting Tools logoEmkay Taps and Cutting ToolsEMKAYTOOLS9812.100.33−66.0%−82.6%2.8%–0.00%
Energy Development Company logoEnergy Development CompanyENERGYDEV61–15.55+16.6%–−94.0%10.9%0.00%
Karma Energy logoKarma EnergyKARMAENG3944.450.96+5.8%−28.5%2.2%−10.0%0.00%
Gita Renewable Energy logoGita Renewable EnergyGITARENEW28–2.14––−0.2%−2.5%0.00%
SRM Energy logoSRM EnergySRMENERGY275.10–––––0.00%
Advance Metering Technology logoAdvance Metering TechnologyAMTL25–0.31−16.1%–−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.Waa Solar announcements

Waa Solar share price by year

Each calendar year to 2025.Waa Solar share price history

YearClose at year endChangeHighest closeLowest close
202573.41−38.3%120.2545.00
2024118.95+32.6%249.3589.55
202389.70+105.7%101.7035.50
202243.60+12.4%59.4036.25
202138.80+8.1%55.7522.85
202035.90+89.7%35.907.68
201918.93−21.1%22.2010.00
201824.00–77.3323.00
₹ 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 9 trading days to 26 Oct 2026, as traded on BSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolume
26 Oct 202639.9939.9939.9939.9939.99800
23 Oct 202640.1740.1740.0040.1040.113,200
22 Oct 202639.6840.5039.4240.1739.878,800
21 Oct 202642.5042.5039.0141.9941.2311,200
19 Oct 202643.0043.0041.1842.0542.294,000
16 Oct 202642.5042.6042.0042.6042.283,200
15 Oct 202642.8043.1942.0042.6142.727,200
14 Oct 202644.4044.4042.5142.7043.057,200
13 Oct 202642.0143.4342.0143.3242.944,000
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-dateEventPrice factorWhat happened
27 Apr 2021Bonus0.5000Holders 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

BSE code
541445
ISIN
INE799N01012
Industry
Power
CIN
L40106GJ2009PLC076764
Corporate identity number, the registrar of companies' code for it
Incorporated
2009
Registered office
Madhav House, Nr. Panchratna Building, Subhanpura, Vadodara 390023, Gujarat
Share registrar
Bigshare Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments