Waaree Renewable Technologies (BOM:534618) Gross Margin %: 21.01% (As of Mar. 2026) — 25% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:534618 Waaree Renewable Technologies Ltd BOM:534618
79 GF Score
Price ₹994.00
GF Value ₹2,406.31
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Waaree Renewable Technologies Gross Margin %?

Waaree Renewable Technologies BOM:534618 -1.34% 79 Gross Margin % is 21.01% as of Mar. 2026, which is 25% below its 10-year median of 27.83. GuruFocus rates BOM:534618 with a GF Score™ of 79/100 and a GF Value™ of ₹2,406.31 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,722 Construction companies, Waaree Renewable Technologies ranks better than 51.74% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Waaree Renewable Technologies's Gross Profit for the three months ended in Mar. 2026 was ₹2,316 Mil. Waaree Renewable Technologies's Revenue for the three months ended in Mar. 2026 was ₹11,024 Mil. Therefore, Waaree Renewable Technologies's Gross Margin % for the quarter that ended in Mar. 2026 was 21.01%.

Warning Sign:

Waaree Renewable Technologies Ltd gross margin has been in long-term decline. The average rate of decline per year is -14.7%.


The historical rank and industry rank for Waaree Renewable Technologies's Gross Margin % or its related term are showing as below:

BOM:534618' s Gross Margin % Range Over the Past 10 Years
Min: 19.86   Med: 27.83   Max: 99.94
Current: 21.79


During the past 13 years, the highest Gross Margin % of Waaree Renewable Technologies was 99.94%. The lowest was 19.86%. And the median was 27.83%.

BOM:534618's Gross Margin % is ranked better than
51.74% of 1722 companies
in the Construction industry
Industry Median: 20.7 vs BOM:534618: 21.79

Waaree Renewable Technologies had a gross margin of 21.01% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Waaree Renewable Technologies was -14.70% per year.


Waaree Renewable Technologies  (BOM:534618) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Waaree Renewable Technologies had a gross margin of 21.01% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Waaree Renewable Technologies Gross Margin % Related Terms


Waaree Renewable Technologies Gross Margin % Historical Data

* Premium members only.

The historical data trend for Waaree Renewable Technologies's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Waaree Renewable Technologies Gross Margin % Chart

Waaree Renewable Technologies Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.86 27.83 26.32 22.47 21.79

Waaree Renewable Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.72 22.08 23.64 20.92 21.01

BOM:534618 vs PWR, FIX, EME: Gross Margin % Comparison

For the Engineering & Construction subindustry, Waaree Renewable Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Waaree Renewable Technologies Gross Margin % vs Construction Industry

For the Construction industry and Industrials sector, Waaree Renewable Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Waaree Renewable Technologies's Gross Margin % falls into.


BOM:534618
79GF Score
Waaree Renewable Technologies Ltd BOM:534618
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waaree Renewable Technologies Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Waaree Renewable Technologies's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=7259.1 / 33314.222
=(Revenue - Cost of Goods Sold) / Revenue
=(33314.222 - 26055.122) / 33314.222
=21.79 %

Waaree Renewable Technologies's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=2315.8 / 11023.965
=(Revenue - Cost of Goods Sold) / Revenue
=(11023.965 - 8708.209) / 11023.965
=21.01 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 21.01% mean?
Waaree Renewable Technologies (BOM:534618) has a Gross Margin % of 21.01% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Waaree Renewable Technologies and its competitors. This is 25% below median its historical median of 27.83. Over the past decade, Waaree Renewable Technologies' Gross Margin % has ranged from 19.86 to 99.94. According to the industry distribution chart, Waaree Renewable Technologies ranks #831 out of 1722 companies in the Construction industry, placing it in the top 48.3%.
Is Waaree Renewable Technologies' Gross Margin % too high?
Waaree Renewable Technologies' current Gross Margin % of 21.01% is 25% below median its 10-year median of 27.83. Over the past 10 years, this metric has ranged from a low of 19.86 to a high of 99.94. The Construction industry median Gross Margin % is 20.70. Waaree Renewable Technologies' value of 21.01% is 1.5% above this industry median. Based on the distribution chart, Waaree Renewable Technologies ranks #831 out of 1722 companies in the Construction industry, which is above the industry midpoint. Overall, Waaree Renewable Technologies has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Waaree Renewable Technologies' Gross Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Waaree Renewable Technologies ranks #831 out of 1722 companies for Gross Margin %. This puts Waaree Renewable Technologies in the upper half of its industry. The industry median Gross Margin % is 20.70. Waaree Renewable Technologies' value of 21.01% is 1.5% above this benchmark. Historically, Waaree Renewable Technologies' own Gross Margin % has ranged from 19.86 to 99.94 over the past decade. While the company's 10-year median is 27.83 vs. the industry median of 20.70, Waaree Renewable Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Construction company?
The median Gross Margin % among Construction companies is 20.70, based on 1,722 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waaree Renewable Technologies's current Gross Margin % of 21.01% is 1.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Waaree Renewable Technologies and its competitors. For the Construction industry, the median Gross Margin % is 20.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Renewable Technologies's current Gross Margin % is 21.01%, which is 25% below median its own 10-year median of 27.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Renewable Technologies stock overvalued right now?
Based on GuruFocus' analysis, Waaree Renewable Technologies (BOM:534618) is currently considered Possible Value Trap. The stock's GF Value™ is ₹2,406.31, compared to a current price of ₹994.00 — trading 58.7% below its estimated fair value. The current Gross Margin % is 21.01%, which is 25% below median its 10-year median of 27.83 and 1.5% above the Construction industry median of 20.70. Waaree Renewable Technologies' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Waaree Renewable Technologies (BOM:534618), the current Gross Margin % is 21.01% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Waaree Renewable Technologies (BOM:534618) Overvalued in 2026?

Based on GuruFocus' analysis, Waaree Renewable Technologies stock appears to be undervalued. The current stock price of ₹994.00 is trading 58.7% below its estimated GF Value™ of ₹2,406.31. GuruFocus considers Waaree Renewable Technologies to be Possible Value Trap.

Key valuation signals for BOM:534618:

  • Gross Margin %: 21.01% (25% below median its 10-year median of 27.83)
  • GF Value™: ₹2,406.31 vs. price of ₹994.00 (58.7% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 1.5% above the Construction median (#831 of 1722)

No single metric tells the full story. See the BOM:534618 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Waaree Renewable Technologies Business Description

Other Exchanges WAAREERTL:India
Address Opposite Western Express Highway, 504, Western Edge - I, Borivali (East), Mumbai, MH, IND, 400066
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.
79GF Score

Get the complete analysis for BOM:534618

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹994.00
Price
₹2,406.31
GF Value