Waa Solar Ltd (BSE: 541445) is a Vadodara, Gujarat-based company in the Solar Renewable Electricity industry. With a market capitalisation of ₹57 Cr, it ranks #3,754 by market cap among the 6,137 Indian listed companies on FinBizNet, and #13 of 18 in Solar Renewable Electricity. At ₹41.18 (as of 25 Oct 2026), the share price is 47.7% below its 52-week high of ₹78.70 and 5.6% above its 52-week low of ₹39.01. The share price is down 38.3% over one year and down 6.6% over three months.
| Current Price | ₹41.18 |
|---|---|
| Market Cap | ₹57 Cr |
| BSE Code | 541445 |
| Sector | Utilities > Power Utilities > Independent Power and Renewable Electricity Producers |
| Sub-Industry | Renewable Electricity > Solar Renewable Electricity |
| P/E Ratio | 84 |
| Return on Equity | 0.35% |
| Return on Assets | 1.45% |
| 52-Week Range | ₹39.01 – ₹78.70 |
| 1-Year Price Change | -38.3% |
| 3-Month Price Change | -6.6% |
| Beta (1Y) | 0.98 |
| Headquarters | Vadodara, Gujarat |
| Website | www.waasolar.org |
Waa Solar Limited, together with its subsidiaries, engages in the power generation and transmission business primarily in India. The company generates electricity through solar plant. It develops and operates a 10.25 MW solar power plant at Surendranagar, Gujarat; 100 KWP solar power plant at Raja Bhoj airport in Bhopal; and a 10.42 MW solar power project in Koppal, Karnataka. In addition, the company operates solar power projects of 4.00 MW in Punjab and Gujarat. Waa Solar Limited was incorporated in 2009 and is based in Vadodara, India. Waa Solar Limited is a subsidiary of Madhav Power Pvt. Ltd.
1. Non-Regulated Utility-This segment engages in solar power generation activities. 2. Solar Power Generation-This segment engages in toll collection business. 3. Toll Collection-0 4. Unallocated-This segment engages in solar power generation activities.
1. Solar Power Generation-77.6% 2. Contract Receipt-22.4%
| Company | Market Cap | P/E | ROE | Latest Qtr Revenue | 1Y Change |
|---|---|---|---|---|---|
| Adani Green Energy Limited | ₹2,14,462 Cr | 134 | 7.58% | ₹4,258 Cr | +11.8% |
| NTPC Green Energy Ltd | ₹75,685 Cr | 141.5 | 2.76% | ₹1,107 Cr | -18.8% |
| ACME Solar Holdings Limited | ₹28,982 Cr | 51.2 | 10.41% | ₹858 Cr | +32.5% |
| Juniper Green Energy Ltd | ₹15,130 Cr | 317.7 | — | ₹291 Cr | — |
| Clean Max Enviro Energy Solutions Limited | ₹14,997 Cr | 138.3 | 1.55% | ₹832 Cr | — |
| Kintech Renewables Ltd | ₹10,058 Cr | 87.2 | 7.92% | ₹1,309 Cr | +134.5% |
| KPI Green Energy Ltd | ₹6,330 Cr | 13.1 | 17.25% | ₹694 Cr | -37.5% |
| Ujaas Energy Limited | ₹2,526 Cr | 2,283.6 | 3.63% | ₹3 Cr | +31.5% |
| Waa Solar Ltd | ₹57 Cr | 84 | 0.35% | — | -38.3% |
Listed by market capitalisation. Ratios are shown for context only.
Waa Solar Ltd is trading at ₹41.18, with a market capitalisation of ₹57 Cr.
Waa Solar Ltd operates in the Utilities > Power Utilities > Independent Power and Renewable Electricity Producers space (Renewable Electricity > Solar Renewable Electricity).
Waa Solar Ltd has a P/E of 84 and a return on equity of 0.35%.
Waa Solar Ltd is listed on the BSE under the scrip code 541445.
Waa Solar Ltd's share price is down 38.3% over one year and down 6.6% over three months. Its 52-week range is ₹39.01 to ₹78.70.
Data as of 25 Oct 2026. Descriptive market data only — not investment advice.