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After racing up over 30 per cent in July, Waaree Renewable Technologies hit a speed bump on Monday. The stock dropped nearly 5 per cent in early trade today (July 21, 2025) after news broke that a solar project in Assam, funded by an ADB loan, had been scrapped.
It’s not a crash-and-burn moment — far from it. But it does show that even the market’s solar darlings aren’t immune to hiccups.
What happened today?
The trigger for the fall was a cancelled solar project in Assam. The project, financed through an Asian Development Bank (ADB) loan, was pulled back by the state power company. That means a bit of the future revenue stream is gone.
Waaree’s share price slipped to Rs 1,125 in early trade — a 5 per cent cut from Friday’s close of Rs 1,186. But given the stock had already run up 30 per cent in the last few weeks, this looks more like a healthy cooldown than panic selling.
About the company
Waaree Renewable Technologies is one of India’s top solar EPC (engineering, procurement and construction) players. It helps set up solar power projects from start to finish — for governments, corporations and even utility-scale developers. It’s also part of the larger Waaree Group, which makes solar modules.
The fundamentals at a glance
| Metric | Value |
|---|---|
| Market cap | Rs 12,366 crore |
| ROE | 94 per cent |
| ROCE | 103.2 per cent |
| P/E ratio | 43 |
| P/B ratio | 22.8 |
| EPS | Rs 27.9 |
| Book value | Rs 51.9 |
Value Research Online ratings
- Overall: 4/5
- Quality: 8/10
- Growth: 7/10
- Valuation: 5/10
- Momentum: 3/10
The takeaway
Waaree’s 5 per cent dip today is a reminder that even market favourites come with risk. But it doesn’t undo the bigger story — a company riding India’s solar push, delivering strong numbers, and expanding fast. If you’re betting on clean energy, this name deserves a spot on your watchlist.
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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and has been reviewed by human experts for accuracy and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
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