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- Waaree RTL
Waaree RTL Valuation Multiples
Discover revenue and EBITDA valuation multiples for Waaree RTL and similar public comparables like Reliance Power, SP New Energy, Premier Energy, Shoals and more.
Waaree RTL Overview
About Waaree RTL
Waaree Renewable Technologies Ltd is engaged in the business of generation of power and providing consultancy services. It offers sustainable partnerships by providing renewable energy solutions to industrial, institutional, and commercial sectors and improves their profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts. Its projects include Ground Mounted, Rooftop Solar and Floating Solar.
Founded
1999
HQ

Employees
286
Website
Sectors
Financials (FY)
EV
$1B
Waaree RTL Financials
Waaree RTL reported last fiscal year revenue of $360M and EBITDA of $71M.
In the same fiscal year, Waaree RTL generated $78M in gross profit, $71M in EBITDA, and $52M in net income.
Waaree RTL P&L
In the most recent fiscal year, Waaree RTL reported revenue of $360M and EBITDA of $71M.
Waaree RTL expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $360M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $78M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 22% | XXX | XXX | XXX |
| EBITDA | — | XXX | $71M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 19% | XXX | XXX | XXX |
| Net Profit | — | XXX | $52M | XXX | XXX | XXX |
| Net Margin | — | XXX | 14% | XXX | XXX | XXX |
| Net Debt | — | — | $1M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Waaree RTL Stock Performance
Waaree RTL has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Waaree RTL's stock price is $12.06.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | 0.5% | XXX | XXX | XXX | $0.50 |
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Start Free TrialWaaree RTL Valuation Multiples
Waaree RTL trades at 3.4x EV/Revenue multiple, and 17.2x EV/EBITDA.
Waaree RTL Financial Valuation Multiples
As of April 20, 2026, Waaree RTL has market cap of $1B and EV of $1B.
Equity research analysts estimate Waaree RTL's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Waaree RTL has a P/E ratio of 24.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 17.2x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 18.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 15.7x | XXX | XXX | XXX |
| P/E | — | XXX | 24.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 69.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Waaree RTL Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Waaree RTL Margins & Growth Rates
Waaree RTL's revenue in the last fiscal year grew by 104%.
Waaree RTL's revenue per employee in the last FY averaged $1.3M, while opex per employee averaged $0.0M for the same period.
Waaree RTL's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Waaree RTL's rule of X is 57% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Waaree RTL Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 104% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 100% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 35% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 57% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Waaree RTL Public Comps
See public comps and valuation multiples for other Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Waaree RTL | XXX | XXX | XXX | XXX | XXX | XXX |
| Reliance Power | XXX | XXX | XXX | XXX | XXX | XXX |
| SP New Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Premier Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Shoals | XXX | XXX | XXX | XXX | XXX | XXX |
| Array Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Waaree RTL M&A Activity
Waaree RTL acquired XXX companies to date.
Last acquisition by Waaree RTL was on XXXXXXXX, XXXXX. Waaree RTL acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Waaree RTL
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialWaaree RTL Investment Activity
Waaree RTL invested in XXX companies to date.
Waaree RTL made its latest investment on XXXXXXXX, XXXXX. Waaree RTL invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Waaree RTL
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Waaree RTL
| When was Waaree RTL founded? | Waaree RTL was founded in 1999. |
| Where is Waaree RTL headquartered? | Waaree RTL is headquartered in India. |
| How many employees does Waaree RTL have? | As of today, Waaree RTL has over 286 employees. |
| Is Waaree RTL publicly listed? | Yes, Waaree RTL is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Waaree RTL? | Waaree RTL trades under WAAREERTL ticker. |
| When did Waaree RTL go public? | Waaree RTL went public in 2025. |
| Who are competitors of Waaree RTL? | Waaree RTL main competitors are Reliance Power, SP New Energy, Premier Energy, Shoals. |
| What is the current market cap of Waaree RTL? | Waaree RTL's current market cap is $1B. |
| What is the current revenue of Waaree RTL? | Waaree RTL's last fiscal year revenue is $360M. |
| What is the current EV/Revenue multiple of Waaree RTL? | Current revenue multiple of Waaree RTL is 3.4x. |
| Is Waaree RTL profitable? | No, Waaree RTL is not profitable. |
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