Ind Renewable Energy Ltd vs Waa Solar Ltd Stock Comparison

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Last Updated on: Mar 18, 2026

Key Highlights

The Latest Trading Price of IND Renewable Energy Ltd is ₹ 10.23 as of 17 Mar 15:30 . The P/E Ratio of IND Renewable Energy Ltd changed from 0 on March 2021 to 0 on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe P/E Ratio of Waa Solar Ltd changed from 15 on March 2021 to 12.3 on March 2025 . This represents a CAGR of -3.89% over 5 years The Market Cap of IND Renewable Energy Ltd changed from ₹ 0 crore on March 2021 to ₹ 0 crore on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe Market Cap of Waa Solar Ltd changed from ₹ 60.7 crore on March 2021 to ₹ 85.52 crore on March 2025 . This represents a CAGR of 7.10% over 5 years The revenue of IND Renewable Energy Ltd for the Sep '25 is ₹ 0 crore as compare to the Jun '25 revenue of ₹ 0 crore. This represent the decline of 0% The revenue of Waa Solar Ltd for the Sep '25 is ₹ 0 crore as compare to the Jun '25 revenue of ₹ 0 crore. This represent the decline of 0% The ebitda of IND Renewable Energy Ltd for the Sep '25 is ₹ -0.15 crore as compare to the Jun '25 ebitda of ₹ -0.01 crore. This represent the growth of 1400% The ebitda of Waa Solar Ltd for the Sep '25 is ₹ 0 crore as compare to the Jun '25 ebitda of ₹ 0 crore. This represent the decline of 0% The net profit of IND Renewable Energy Ltd changed from ₹ -0.05 crore to ₹ -0.15 crore over 6 quarters. This represents a CAGR of 108.01% The net profit of Waa Solar Ltd changed from ₹ 0 crore to ₹ 0 crore over 6 quarters. This represents a CAGR of 0.0% The Dividend Payout of IND Renewable Energy Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe Dividend Payout of Waa Solar Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 years .

About IND Renewable Energy Ltd

IND Renewable Energy Limited (Formerly Known as Vakharia Power infrastructure Limited), was incorporated on September 9, 2011 as wholly owned subsidiary of Everlon Synthetics Limited.
The Company changed its name from 'Vakharia Power Infrastructure Limited' to 'IND Renewable Energy Limited' on March 9, 2016.
The Company is engaged primarily in the business of Roof Top Solar Plant. The Company approved a Scheme of Arrangement/Demerger of Investment Business of Everlon Synthetics Ltd (ESL) into Vakharia Power Infrastructure Ltd., (VPIL) in 2012-13.
The Company allotted 30273600 Equity Shares of Rs. 1/- each on November 23, 2012 and as such the Company ceased to be an subsidiary of Everlon Synthetics Ltd. Presently, the Company is holding the investments and other assets and liabilities of the Investment Business Undertaking transferred to it under the Scheme of Arrangement.

About Waa Solar Ltd

Waa Solar Limited was incorporated as a Private Limited Company with the name 'Waa Solar Private Limited' on November 9, 2009.
The status of the Company changed to Public Limited Company and Company name was changed to 'Waa Solar Limited' on February 19, 2018. The Company was promoted by Mr. Hitesh Doshi and Mr. Viren Doshi.
On May 8, 2010, the company was taken over by the Promoter M/s.
Madhav Power Private Limited (MPPL) by entering into solar power projects in Gujarat.
MPPL is the Promoter and Holding Company holds 34,19,982 Equity Shares constituting 70.03% of stake in the Company.

FAQs for the comparison of IND Renewable Energy Ltd and Waa Solar Ltd

Which company has a larger market capitalization, IND Renewable Energy Ltd or Waa Solar Ltd?

Market cap of IND Renewable Energy Ltd is 14 Cr while Market cap of Waa Solar Ltd is 62 Cr

What are the key factors driving the stock performance of IND Renewable Energy Ltd and Waa Solar Ltd?

The stock performance of IND Renewable Energy Ltd and Waa Solar Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for IND Renewable Energy Ltd and Waa Solar Ltd?

As of March 18, 2026, the IND Renewable Energy Ltd stock price is INR ₹10.23. On the other hand, Waa Solar Ltd stock price is INR ₹46.75.

How do dividend payouts of IND Renewable Energy Ltd and Waa Solar Ltd compare?

To compare the dividend payouts of IND Renewable Energy Ltd and Waa Solar Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.