Rs 47,000 crore order book: Solar EPC company receives order worth Rs 1,252.43 crore from Waaree Forever Energies Private Ltd (WFEPL)

DSIJ Intelligence-1 / 10 Sep 2025/ Categories: Multibaggers, Trending

Rs 47,000 crore order book: Solar EPC company receives order worth Rs 1,252.43 crore from Waaree Forever Energies Private Ltd (WFEPL)

The stock gave multibagger returns of 310 per cent in just 2 years, 970 per cent in 3 years and a whopping 34,600 per cent in 5 years.

Waaree Renewable Technologies Limited (WRTL), a solar EPC company, has been awarded a significant Engineering, Procurement and Construction (EPC) contract worth approximately Rs 1,252.43 crore (excluding taxes) by its subsidiary, Waaree Forever Energies Private Limited (WFEPL). The project involves the turnkey execution of an 870 MWac/1218 MWp grid-connected ground mount solar power project. The scope of work includes the development of a 33kV/400kV substation, transmission lines, and two years of Operation and Maintenance (O&M) services. This domestic project is scheduled for completion in the fiscal year 2026-27.

About the Company

Waaree Renewable Technologies Limited (WRTL), a subsidiary of Waaree Group, specialises in Solar EPC (Engineering, Procurement, and Construction) and acts as a solar developer. Based in Mumbai, WRTL finances, constructs, owns, and operates solar projects, primarily focusing on long-term investments within the commercial and industrial sectors. The company aims to provide clean energy solutions by setting up on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open-access solar plants), thereby helping clients reduce carbon emissions and contributing to the growing renewable energy market.

DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, download the service details here.

Waaree Renewable Technologies Limited (WAAREERTL) has demonstrated exceptional financial performance for the first quarter of FY26, ending June 30, 2025. The company reported a significant revenue growth of 155.20 per cent year-on-year, reaching Rs 603.19 crores, compared to Rs 236.35 crores in Q1FY25. This robust growth was complemented by a remarkable 206.77 per cent increase in Profit After Tax (PAT), which stood at Rs 86.39 crores for Q1FY26, up from Rs 28.16 crores in the corresponding period last year. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) also saw substantial growth of 186.14 per cent, reaching Rs 117.54 crores.

The company has a market cap of over Rs 10,000 crore and has delivered good profit growth of 274 per cent CAGR over the last 5 years. The company’s order book as of June 31, 2025, stands at Rs 25+ GW or Rs 47,000 crore. The shares of the company have an ROE of 65 per cent and an ROCE of 85 per cent. The stock gave multibagger returns of 310 per cent in just 2 years, 970 per cent in 3 years and a whopping 34,600 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.