Capital GoodsLarge capRs 77,038 crRs 120.6 cr traded a day
Close on 2026-08-21
2,678.20
+0.12%
52-week range20% of the way up
2,419.003,739.80
Market cap
77,038 cr
P/E (TTM)
21.2×
industry 52×
EPS (TTM)
126.26
Net margin
11.2%
1 month
-1.2%
Below 52w high
39.6%
RSI (14)
50
Daily swing
1.6%
average true range
Volume
0.6×
vs 20-day average
Traded
Rs 121 cr
median day
Close200-day averageMaterial filing
260 sessions · hover for the filing behind a move
1 week
−0.14%
1 month
−1.24%
3 months
−13.27%
6 months
−1.45%
1 year
−16.28%
The read
written from the numbers on this page
The evidence is mixed2 supporting, 3 against, 1 worth knowing
Supporting
matches long tail above — rejected higher, which has beaten the market by +0.39 points over 20 sessions across 16,308 past signals
priced at 21× earnings against an industry median of 52× — 59% below its peers
Against
trading 10% below its 200-day average
down 16% over twelve months
net margin has narrowed from 14.7% to 11.2% across four quarters
Worth knowing
the rise is short covering rather than fresh buying, which historically runs out when the shorts are done
What would change this read: a close back above 2,960, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.
What is working, what is not
read from the filings, with the figure behind every line
Working3
Revenue +121.9% year on year, Rs 3,574 cr to Rs 7,932 cr.
+121.9%Rs 3,574 crRs 7,932 cr
Net profit +137.4% year on year, Rs 376 cr to Rs 892 cr.
+137.4%Rs 376 crRs 892 cr
Borrowings are 0.17 times owners' equity, Rs 2,492 cr against Rs 14,437 cr.
0.17Rs 2,492 crRs 14,437 cr
Needs watching1
(a) Solar Photovoltaic Modules is 89% of revenue, so the business rests on one segment.
(a) Solar Photovoltaic Modules89%
Every figure here is computed from the company’s own filings. The wording is generated directly from the figures.
How it has performed
price return over each window, measured against zero
What the scans say today
3 of 47 matched on 2026-08-21
WAAREEENER matches 3 of the 47 scans today, across 2 different kinds of evidence.
segments and revenue mix, as the company reports them
WAAREEENER reports 3 business segments. The largest is (a) Solar Photovoltaic Modules at 89% of revenue in the quarter ending 2026-06-30. On these numbers this is effectively a single-segment business, so the group result and that segment’s result move together.
SegmentRevenueSharevs a year ago
(a) Solar Photovoltaic Modules7,400 cr88.9%—
(c) Engineering, procurement and construction (EPC) contracts914 cr11.0%—
(b) Generation of power10 cr0.1%—
Segment names are the company’s own, taken verbatim from the reportable-segment disclosure in its quarterly XBRL filing. Nothing on this page describes the business in words we wrote.
Quality of the business
balance sheet as at 2026-03-31
Return on equity
25.2%
trailing profit over shareholders’ funds
Return on capital
28.2%
pre-tax profit over equity plus borrowings
Debt to equity
0.17×
2,492 cr borrowed against 14,437 cr of equity
Net debt
1,717 cr
borrowings less cash
Cash conversion
45%
operating cash flow as a share of profit
Receivable days
33
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.
Valuation against its own history
82 sessions since 2026-04-30
21×
median 28×
29×
now 21×
WAAREEENER trades at 21× trailing earnings, below its median of 28× over this window — 23% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.
Analyst call filings were typically +0.14pt vs the market over the next 5 sessions (n=3,352) · M&A filings were typically +0.23pt vs the market over the next 5 sessions (n=981) · Other filing filings were typically -0.08pt vs the market over the next 5 sessions (n=12,093)
The business
from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.
Going for it
nothing clear in the filed numbers
Going against it
net margin narrowed from 13.3% to 11.2%
Quarter-by-quarter numbers, as filed
Quarter
Revenue
Profit before tax
Net profit
EPS
Net margin
Q1 FY27
2026-06-30 · consolidated
7,932
1,210
892
29.56
11.2%
Q4 FY26
2026-03-31 · consolidated
8,480
1,408
1,126
36.91
13.3%
Q3 FY26
2025-12-31 · consolidated
7,565
1,469
1,107
36.95
14.6%
Q3 FY25
2024-12-31 · consolidated
3,457
690
507
18.41
14.7%
Q2 FY25
2024-09-30 · consolidated
3,574
499
376
13.75
10.5%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.
Where the price stands
the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-5.0%
Versus 200-day average-9.5%
Below 52-week high-28.4%
Above 52-week low+10.7%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)50.4
Higher closes in last 53 of 5
Six-month return−1.45%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)1.60%
Volume versus 20-day0.6x
Median daily turnoverRs 120.6 cr
Derivatives
near expiry 2026-08-25 · 2026-08-20
Short Covering
Price up, open interest down. Sellers are closing, not buyers arriving. Rallies built only on this tend not to last once the shorts are out.
Futures basis versus spot+0.23%
Open interest change-21.3%
Put / call ratio0.53
Put wall (support)2,550
Call wall (resistance)2,800
Max pain2,700
How to read this
Open interest is contracts still open, so a rise means new positions and a fall means positions closing. Combined with price direction that gives the state on the left. The walls are the strikes carrying the most open interest near expiry — levels other people are watching, not levels the price is obliged to respect. A future below spot means sellers are paying to be short.
Peers
Capital Goods · 107 classified companies
WAAREEENER trades at 21.2× trailing earnings against an industry median of 52.1× across 102 other classified companies in its industry — cheaper than them, by 59%. A multiple is a statement about expectations, not about quality: cheap usually means the market expects less, and it is often right.
largest twelve by market capitalisation. Market cap and P/E need filed financials, so blanks are companies whose filings have not been read yet
Recent sessions
what this stock has matched since the engine went live
This is the live record, not the backtest — the scans this stock actually appeared in on each stored session. A name that keeps reappearing is in a persistent condition; a one-day appearance usually is not.