AI Summary
✦ ClarthaWaaree Renewable Technologies is an Indian renewable power-generation company focused on solar assets and EPC services. Its revenue platforms include ground-mounted solar, rooftop and floating solar, and RESCO OPEX projects. Capex-model projects and operations and maintenance add execution and recurring-service revenue. A 124 MWp EPC order expands the project pipeline and could support future revenue growth, though margin impact depends on execution. Revenue and profit grew 108.5% and 108.9%, respectively, while margins remained stable, indicating broadly unchanged earnings quality. ROE is unavailable, but debt/equity of 15.6 implies extreme leverage and materially magnifies both reported returns and downside risk. At 18.7 times earnings, valuation appears fair rather than discounted, broadly reflecting the company’s growth profile. The key open question is whether order conversion and cash generation can justify leverage across its solar-generation and EPC businesses.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
Analyst coverage unavailable
Fundamentals
Fundamentals institutional score is 100 using growth durability 100.0.
Valuation
Valuation institutional score is 73 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
No usable analyst target or recommendation data was available.
Technical Structure
Technicals institutional score is 84 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is balanced or not decisive enough to tilt the tape. Based on 1 recent ticker-linked news items.
Signal Summary
Market intelligence remains Supportive. fundamentals and valuation provide support.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 9.0% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -0.91). Confidence: 90%.
Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.
5Y Average
20.24
Current
18.52
Overvalued
21.24
Undervalued
18.95
5Y Average
—
Current
2015.59
Overvalued
2317.93
Undervalued
1713.25
5Y Average
19.11
Current
14.32
Overvalued
23.99
Undervalued
11.38
Peers & Comparison
Sector: Utilities · Theme: Renewable Energy
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
JAIPRAKASH POWER VEN. LTD JPPOWERRenewable Energy | +12.2% | 11.1% | 25.9x Undervalued | -40% vs avg | -5.7% |
KPI GREEN ENERGY LIMITED KPIGREENRenewable Energy | +39.8% | 17.7% | 14.4x Undervalued | -67% vs avg | -28.3% |
SJVN LTD SJVNRenewable Energy | +52.0% | 12.8% | 41.5x Fair | -4% vs avg | -30.6% |
CLEAN MAX ENVIRO EN SOL L CLEANMAXRenewable Energy | +109.2% | 6.7% | 97.1x Premium | +124% vs avg | +52.6% |
ACME SOLAR HOLDINGS LTD ACMESOLARRenewable Energy | +46.8% | 21.1% | 38.1x Fair | -12% vs avg | +27.9% |
WAAREE RENEWABLE TECH LTD trades at a discount (18.5x vs peer avg 43.4x), suggesting potential undervaluation relative to the Renewable Energy cohort. Peers include JAIPRAKASH POWER VEN. LTD, KPI GREEN ENERGY LIMITED, SJVN LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹1.10K CrMar 2026Latest net profit
₹157 CrMar 2026Latest EPS
₹15.11Mar 2026Net margin
18.6%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 59.6 | 129 | 150 | 324 | 273 | 236 | 524 | 360 | 477 | 603 | 775 | 851 | 1,102 |
| Expenses | 38.5 | 116 | 119 | 236 | 198 | 195 | 453 | 288 | 351 | 486 | 617 | 692 | 896 |
| Operating Profit | 21.05 | 12.35 | 29.07 | 85.93 | 73.55 | 39.76 | 69.99 | 70.29 | 124 | 115 | 156 | 157 | 205 |
| OPM % | 35.32% | 9.59% | 19.38% | 26.51% | 26.92% | 16.83% | 13.35% | 19.51% | 26.08% | 19.13% | 20.1% | 18.41% | 18.57% |
| Other Income | 1.12 | 0.83 | 0.96 | 0.56 | 2.11 | 2.84 | 3.49 | 3.86 | 4.94 | 4.93 | 5.12 | 6.64 | 7.65 |
| Interest | 0.91 | 0.72 | 2.43 | 0.07 | 3.54 | 3.03 | 4.09 | 3.35 | 4.38 | 3.56 | 3.62 | 3.42 | 2.68 |
| Depreciation | 0.05 | 0.96 | 1.54 | 1.8 | 1.69 | 1.51 | 1.56 | 1.59 | 1.6 | 2.2 | 2.15 | 2.08 | 2.06 |
| Profit before tax | 21.26 | 12.46 | 27.6 | 86.42 | 72.12 | 39.57 | 69.39 | 70.8 | 125 | 117 | 157 | 160 | 210 |
| Tax % | 26.43% | 26.32% | 25.29% | 25.61% | 28.76% | 28.05% | 22.78% | 24.36% | 21.94% | 25.86% | 25.58% | 23.89% | 24.98% |
| Net Profit | 15.64 | 9.18 | 20.62 | 64.29 | 51.38 | 28.47 | 53.58 | 53.55 | 97.46 | 86.54 | 117 | 122 | 157 |
| EPS in Rs | 1.50 | 0.88 | 1.98 | 6.37 | 4.93 | 2.73 | 5.14 | 5.14 | 9.01 | 8.30 | 11.23 | 11.64 | 15.11 |
All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.