IPO Plus

₹41.5

▲ +0.15 +0.36%

As of 06 Nov 2026 · delayed

BSE Listed

Waa Solar Limited (541445)

Volume: 4,800Avg Vol 1W: 5,920Avg Vol 1M: 5,27352W Range:₹39.01₹78.7
BSE www.waasolar.org AI Report
Key Ratios
Checked 6h ago
Market Cap—
Current Price₹41.5
Previous Close₹41.35
High / Low (52w)₹78.7 / ₹39.01
Volume4,800
Avg Vol (1W)5,920
Avg Vol (1M)5,273
Stock P/E—
Book Value—
Dividend Yield—
ROE—
ROA—
Revenue (TTM)—
Revenue Growth—
Profit Margin—
Total Debt—
Shares Outstanding—
Face Value—
EPS (TTM)—
P/B—
Debt / Equity0.86
50 DMA₹44.8
200 DMA₹50.47
Day change+0.36%
Price Chart
₹41.5▼ 34.18% · 1Y
₹75₹403.8L
2025-11-06
2026-11-06

20-day avg volume: 5K shares

Pros
  • Company is almost debt-free.
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹86 Cr₹70 Cr₹45 Cr₹47 Cr₹50 Cr₹27 Cr₹31 Cr₹30 Cr
EBITDA₹33 Cr₹31 Cr₹21 Cr₹20 Cr₹20 Cr₹10 Cr₹9 Cr₹11 Cr
Net Profit₹4 Cr₹11 Cr₹4 Cr₹7 Cr₹10 Cr₹7 Cr₹7 Cr₹1 Cr
EPS6.316.776.115.77.4255.260.49
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹461 Cr₹342 Cr₹322 Cr₹310 Cr₹299 Cr₹235 Cr₹333 Cr₹412 Cr
Total Liabilities₹278 Cr₹156 Cr₹139 Cr₹120 Cr₹99 Cr₹54 Cr₹147 Cr₹229 Cr
Equity₹182 Cr₹186 Cr₹183 Cr₹191 Cr₹199 Cr₹181 Cr₹186 Cr₹183 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹109 Cr₹27 Cr₹36 Cr₹33 Cr₹38 Cr₹17 Cr₹-5 Cr₹68 Cr
Investing₹-133 Cr₹76 Cr₹-18 Cr₹1 Cr₹-1 Cr₹51 Cr₹-63 Cr₹-87 Cr
Financing₹63 Cr₹-106 Cr₹-39 Cr₹-31 Cr₹-31 Cr₹-67 Cr₹86 Cr₹25 Cr
Free Cash Flow₹109 Cr₹27 Cr₹36 Cr₹33 Cr₹38 Cr₹17 Cr₹-5 Cr₹68 Cr
Shareholding
Promoter 67.86% Institutions 0% Public 32.14%
Efficiency & Working Capital
ROCE—
Interest Coverage1
Dividend Payout—
Debtor Days155 d
Inventory Days5 d
Payable Days645 d
Cash Conversion Cycle-485 d
Working Capital Days160 d
Shareholding Details

As of 2026-09-30

Promoter67.9%
FII0%
DII0%
Institutions0%
Public32.1%
Promoter Pledge75.2%
No. of Shareholders2,295
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2021Sept 2021Mar 2022Sept 2022Mar 2023Sept 2023Mar 2024Sept 2024Mar 2025Sept 2025Mar 2026Sept 2026
Promoters69.8%69.8%69.8%69.8%69.8%69.8%68.5%67.8%67.9%67.9%67.9%67.9%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public30.2%30.2%30.2%30.2%30.2%30.2%31.5%32.2%32.1%32.1%32.1%32.1%
Promoter Pledge73.1%73.1%73.1%73.1%73.1%73.1%74.5%75.2%75.2%75.2%75.2%75.2%
No. of Shareholders3274831,0461,0871,0601,0981,4692,2782,3672,4122,3072,295
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Madhav Power Private LimitedShareholding of Promoter and Promoter Group52.9%70,18,780
Armaan Amit Trust (in The Name Of Trustee Ashok M. Khurana)Shareholding of Promoter and Promoter Group11.2%14,89,824
Amit Ashok KhuranaShareholding of Promoter and Promoter Group3.6%4,74,380
Madhav Ashok Trust (in The Name Of Trustee Ashok M. Khurana)Shareholding of Promoter and Promoter Group0.1%10,152
Ashok Madhavdas KhuranaShareholding of Promoter and Promoter Group0.1%8,908
Manju Ashok KhuranaShareholding of Promoter and Promoter Group0%684
Neelakshi Amit KhuranaShareholding of Promoter and Promoter Group0%36
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Madhav Power Private Limited67,66,05096.4%2026-09-30
Board of Directors
NameDesignationYear
Amit A KhuranaChairman & Managing Director2025
Neelakshi A KhuranaE D & Wholetime Director2025
Mangilal SinghiNon Independent Non Executive Director / CFO2025
Nikhil KaushikIndependent Non Exe. Director2025
Shanker R BhagatIndependent Non Exe. Director2025
Kamal Ashwinbhai LalaniIndependent Non Exe. Director2025
Mansi HedaCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Solar Power Generation₹26 Cr99.9%
Trading Activities₹0 Cr0.1%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10181313
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20261209010211
20260100000101
20260109010109
Substantial Acquisitions (SAST)

17 disclosure(s)

Market04/03/2025 · 1,600
Market12/06/2024 · 6,400
Market10/06/2024 - 11/06/2024 · 16,000
Market06/06/2024 - 07/06/2024 · 16,800
Market03/06/2024 · 12,800
Market30/05/2024 - 31/05/2024 · 34,400
Company Information
Incorporated2009
ChairmanAmit A Khurana
AuditorJCH & Associates
Investor Email[email protected]
🌐 www.waasolar.org ↗

📍 Madhav House Subhanpura, Nr Panchratna Building, Vadodara, Gujarat, 390023

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