Waaree Energies
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Waaree Energies share price

Waaree Energies Ltd.

NSE: WAAREEENER BSE: 544277 SECTOR: Electric Equipment  200k   564   189

2838.20
+167.00 (6.25%)
NSE: Today, 10:34 AM

Price Summary

Today's High

₹ 2840.3

Today's Low

₹ 2675

52 Week High

₹ 3743

52 Week Low

₹ 1863

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 81536.72 Cr.

Enterprise Value

₹ 78196.73 Cr.

No. of Shares

28.73 Cr.

P/E

45.78

P/B

8.67

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  327.46

CASH

₹ 3615.99 Cr.

DEBT

₹ 276 Cr.

Promoter Holding

64.3 %

EPS (TTM)

₹  62

Sales Growth

64.06%

ROE

38.5 %

ROCE

47.62%

Profit Growth

149.54 %

Add Your Ratio

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year64.06%
3 Year75.19%
5 Year46.2%

Profit Growth

1 Year149.54%
3 Year183.73%
5 Year97.75%

ROE%

1 Year38.5%
3 Year31.93%
5 Year25.45%

ROCE %

1 Year47.62%
3 Year35.97%
5 Year30.62%

Debt/Equity

0.068

Price to Cash Flow

38.53

Interest Cover Ratio

12.6938

CFO/PAT (5 Yr. Avg.)

2.40611808399329

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2025 64.30 0.00
Dec 2024 64.30 0.00
Sep 2024 64.30 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 183.731480733266% for the Past 3 years.
  • The company has shown a good revenue growth of 75.1892786116225% for the Past 3 years.
  • The company has significantly decreased its debt by 505.253 Cr.
  • Company has been maintaining healthy ROE of 31.9302333333333% over the past 3 years.
  • Company has been maintaining healthy ROCE of 35.972% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 12.6938.
  • Company’s PEG ratio is 0.349593109296348.
  • The company has an efficient Cash Conversion Cycle of 45.0305 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.40611808399329.
  • The company has a high promoter holding of 64.3%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2024 Dec 2024 Mar 2025
Net Sales 3169.07 3082.46 3322.97
Total Expenditure 2695.5 2442.12 2560.59
Operating Profit 473.58 640.35 762.38
Other Income 104.32 101.73 159.53
Interest 26.73 26.67 48.11
Depreciation 73.74 77.41 97.32
Exceptional Items 0 0 0
Profit Before Tax 477.43 638 776.48
Tax 119.96 166.61 195.96
Profit After Tax 357.47 471.39 580.52
Adjusted EPS (Rs) 13.57 16.41 20.21

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 2026.78 1993.28 2771.29 6532.8 10717.63
Total Expenditure 1932.87 1912.8 2683.27 5774.37 9343.39
Operating Profit 93.91 80.48 88.02 758.43 1374.24
Other Income 23.66 36.85 81.43 111.11 240.05
Interest 30.74 26.18 33.99 76.84 133.23
Depreciation 26.01 26.9 39.6 154.53 264.47
Exceptional Items 0 4.06 0 -20.58 341.34
Profit Before Tax 60.82 68.31 95.86 617.59 1557.94
Tax 15.45 18.03 26.19 157.4 409.58
Net Profit 45.37 50.28 69.67 460.19 1148.35
Adjusted EPS (Rs.) 2.3 2.55 3.53 18.91 43.67

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 197.14 197.14 197.14 243.37 262.96
Total Reserves 105.91 153.91 231.2 1699.51 3840
Borrowings 33.32 75.54 155.98 107.63 75.25
Other N/C liabilities 54.16 73.12 78.53 437.06 1330.93
Current liabilities 458.54 604.47 1370.73 4845.63 5083.7
Total Liabilities 849.07 1104.17 2033.58 7333.18 10592.83
Assets
Net Block 115.92 126.07 547.52 919.9 1011.48
Capital WIP 0 1.17 122.67 453.24 1206.65
Intangible WIP 0 0 0 0 0
Investments 116.03 43.86 43.85 222.54 222.62
Loans & Advances 14.11 102.26 77.79 142.92 459.43
Other N/C Assets 37.42 37.24 38.44 190.29 92.49
Current Assets 565.58 793.57 1203.32 5404.3 7600.17
Total Assets 849.07 1104.17 2033.58 7333.18 10592.83
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 60.82 64.25 95.86 617.59 1557.94
Adjustment 51.47 38.42 71.54 248.87 287.45
Changes in Assets & Liabilities -93.3 -4.56 426.9 720.1 580.02
Tax Paid -10.97 -21.64 -22.79 -94.84 -309.08
Operating Cash Flow 8.02 80.53 571.51 1491.72 2116.33
Investing Cash Flow 26.44 -150.99 -523.33 -2240.62 -3252.35
Financing Cash Flow -50.42 75.67 66.18 871.8 960.47
Net Cash Flow -15.96 5.22 114.36 122.91 -175.55

Corporate Actions

Investors Details

PARTICULARS Sep 2024% Dec 2024% Mar 2025%
promoters 64.30 64.30 64.30
bindiya kirit doshi 6.90 6.90 6.90
binita hitesh doshi 5.56 5.56 5.56
hitesh chimanlal doshi - 4.91 4.91
hitesh chimanlal doshi hu... 0.98 0.98 0.98
kirit chimanlal doshi 3.55 3.55 3.55
kirit chimanlal doshi huf... 0.91 0.91 0.91
nipa viren doshi 5.64 5.64 5.64
pankaj chimanlal doshi 11.13 8.56 8.56
pankaj chimanlal doshi hu... - - 2.57
pujan pankaj doshi - 0.25 0.25
viren chimanlal doshi 2.29 3.81 3.81
viren chimanlal doshi hu... - 2.29 2.29
waaree sustainable financ... 18.37 18.37 18.37
pankaj chimanlal doshi h... - 2.57 -
hitesh c doshi 4.91 - -
pujan p doshi 0.25 - -
viren c doshi 3.81 - -
PARTICULARS Sep 2024% Dec 2024% Mar 2025%
investors 35.70 35.70 35.70
het paresh mehta 1.22 1.22 1.22
kalpraj damji dharamshi - 2.32 2.32
llp 0.46 0.70 0.72
madhuri madhusudan kela - 1.16 1.16
vt energy srl - - 2.17
v t energy srl - 2.17 -
kalpraj damji dharamshi h... 2.32 - -
madhuri madhusudan kela .... 1.16 - -
v t energy s.r.i. 2.17 - -

Annual Reports

No Annual reports exist for this company.Report us

Ratings & Research Reports

Company Presentations

Company News

Waaree Energies informs about disclosure 13 Jun, 10:23 AM Waaree Energies informs about disclosure 13 Jun, 10:15 AM Waaree Energies signs PPA for supply of 150 MW Solar power to MPPMCL 12 Jun, 9:09 AM Waaree Energies informs about award of order 11 Jun, 2:28 PM Waaree Energies’ arm gets order to supply 599 MW solar modules 11 Jun, 12:30 PM Waaree Energies informs about disclosure 11 Jun, 10:57 AM Waaree Energies’ arm receives order worth $176 million 29 May, 3:00 PM Waaree Energies gets nod to acquire Kamath Transformers 20 May, 10:23 AM Waaree Energies informs about newspaper advertisement 15 May, 12:45 PM Waaree Energies informs about analyst meet 13 May, 12:36 PM Waaree Energies reports 36% jump in Q4 consolidated net profit 23 Apr, 12:59 PM Waaree Energies - Quaterly Results 22 Apr, 9:26 PM Waaree Energies - Quaterly Results 22 Apr, 9:26 PM Waaree Energies informs about analyst meet 17 Apr, 2:52 PM Waaree Energies inaugurates advanced 5.4 GW solar cell gigafactory facility in Gujarat 31 Mar, 3:57 PM Waaree Energies gets nod to establish additional 1.6 GW Module manufacturing line in USA 25 Mar, 4:22 PM Waaree Energies informs about analyst meet 6 Mar, 5:29 PM Waaree Energies secures order for supply of solar modules from ABREL EPC 27 Feb, 12:52 PM Waaree Energies informs about analyst meet 25 Feb, 2:29 PM Waaree Energies secures order for solar modules 19 Feb, 6:28 PM Waaree Energies sets up solar cell manufacturing facility in Gujarat 8 Feb, 4:00 PM Waaree Energies’ arm bags NoA from Solar Energy Corporation of India 1 Feb, 10:23 AM Waaree Energies reports over 3-fold jump in Q3 consolidated net profit 30 Jan, 5:46 PM Waaree Energies informs about outcome of board meeting 30 Jan, 5:30 PM Waaree Energies - Quaterly Results 30 Jan, 3:28 PM Waaree Energies - Quaterly Results 30 Jan, 3:28 PM Waaree Energies - Quaterly Results 30 Jan, 3:28 PM Waaree Energies informs about board meeting 24 Jan, 3:08 PM Waaree Energies’ arm commissions production of solar module at US manufacturing facility 23 Jan, 12:29 PM Waaree Energies to acquire 100% share capital of Enel Green Power India 13 Jan, 10:11 AM Waaree Energies commences trial production at solar cell manufacturing facility 6 Jan, 11:30 AM Waaree Energies informs about commencement of production 6 Jan, 11:23 AM Waaree Energies informs about award of order 2 Jan, 12:25 PM Waaree Energies receives order for supply of solar modules 2 Jan, 10:30 AM Waaree Energies’ arm starts trial production of solar module at US manufacturing facility 21 Dec, 12:53 PM Waaree Energies informs about award of order 16 Dec, 3:32 PM Waaree Energies receives orders for supply of solar modules 16 Dec, 12:13 PM Waaree Energies’ arm gets LoA for development of Solar power plant in Madhya Pradesh 12 Dec, 9:20 AM Waaree Energies receives order for supply of solar modules 9 Dec, 2:44 PM Waaree Energies incorporates wholly-owned subsidiary in Australia 6 Dec, 4:52 PM Waaree Energies secures NABL Accreditation for Advanced Testing Lab 5 Dec, 5:35 PM Waaree Energies receives orders for supply of solar PV modules 2 Dec, 6:02 PM Waaree Energies bags order for supply of modules 26 Nov, 4:44 PM Waaree Energies informs about award of order 26 Nov, 4:41 PM Waaree Energies reports 17% rise in Q2 consolidated net profit 19 Nov, 10:59 AM Waaree Energies - Quaterly Results 18 Nov, 8:27 PM Waaree Energies - Quaterly Results 18 Nov, 8:27 PM Waaree Energies receives order for supply of solar PV modules 7 Nov, 9:19 AM Waaree Energies coming with IPO to raise Rs 4513 crore 18 Oct, 12:48 PM Waaree Energies gets SEBI's nod for IPO 24 Sep, 12:54 PM

Waaree Energies Stock Price Analysis and Quick Research Report. Is Waaree Energies an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Waaree Energies . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Waaree Energies has a PE ratio of 44.5254473754244 which is high and comparatively overvalued .

  • Share Price: - The current share price of Waaree Energies is Rs 2760.6. One can use valuation calculators of ticker to know if Waaree Energies share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Waaree Energies has ROA of 12.8121 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Waaree Energies has a Current ratio of 1.495 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Waaree Energies has a ROE of 38.5021 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Waaree Energies has a Debt to Equity ratio of 0.068 which means that the company has low proportion of debt in its capital.

  • Sales growth: - Waaree Energies has reported revenue growth of 64.0588 % which is fair in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Waaree Energies for the current financial year is 12.8222260290333 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Waaree Energies is Rs 0 and the yield is 0 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Waaree Energies is Rs 62.0005 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Waaree Energies in Ticker for free. Also, one can get the intrinsic value of Waaree Energies by using Valuation Calculators, which are available with a Finology ONE subscription. 

Last Updated on:
Brief about Waaree Energies

Current Waaree Energies Share Price (Unlisted Market)

In the unlisted market, the Waaree Energies Ltd share price is actively traded. As of early June 2025, the Waaree Energies stock price in the unlisted/grey market is approximately Rs 2,150. This price is indicative and can fluctuate based on demand and supply dynamics ahead of the official IPO. It is important to note that this is not an official stock exchange price but an over-the-counter market valuation. For the most current, regularly updated Waaree Energies share price, one would need to refer to dealers and platforms that specialise in trading unlisted company shares.

Waaree Energies IPO and Company Outlook

Instead of historical returns from a stock exchange, the most significant factor for Waaree Energies is its upcoming IPO. The company is looking to raise funds through a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of 2.72 crore equity shares by existing promoters and shareholders.

The funds from the IPO are primarily intended for:

  • Financing a new 6 GW manufacturing facility for solar cells and modules in Odisha.
  • General corporate purposes.

As the largest solar module manufacturer in India with a dominant market share, the company's IPO is one of the most anticipated in the renewable energy sector. Analysing the company's fundamentals and growth prospects is more pertinent than tracking historical returns at this stage.

Latest News Impacting Waaree Energies Share Value

The primary news influencing the Waaree Energies share value is the progress of its IPO application with SEBI. Market participants are keenly awaiting the final approval and the announcement of the IPO price band and dates.

The company's financial performance, as detailed in its DRHP, is a key piece of news. For the financial year 2024, Waaree Energies reported a significant surge in its consolidated net profit, which stood at Rs 2,130 crore, a remarkable jump from the previous year. The company's revenue from operations also saw robust growth, reaching Rs 13,856 crore. This strong financial performance is a major factor driving the high valuation in the unlisted market.

Furthermore, Waaree Energies' aggressive expansion plans, including the new manufacturing facility in Odisha, signal strong future growth. This development is crucial for the company to meet the growing demand for solar energy in India and international markets, thereby positively influencing its long-term share price outlook.

Conclusion on Waaree Energies Stock Price

The Waaree Energies Ltd stock price is currently defined by its strong position in the unlisted market and the high anticipation surrounding its forthcoming IPO. The company's impressive financial results, dominant market share, and ambitious expansion plans form a strong foundation for its potential stock market debut. The outlook for the Waaree Energies share price, once listed, will depend on the IPO pricing, market sentiment at the time of listing, and the company's ability to continue its strong growth trajectory. A thorough analysis of the Waaree Energies stock should focus on its robust fundamentals and the massive growth potential of the Indian renewable energy sector.

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