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Waaree Energies share price

Waaree Energies Ltd.

NSE: WAAREEENER BSE: 544277 SECTOR: Electric Equipment  2.7 L   710   217

2646.05
+13.50 (0.51%)
BSE: 05 Mar 04:01 PM

Price Summary

Today's High

₹ 2669

Today's Low

₹ 2597.15

52 Week High

₹ 3864.4

52 Week Low

₹ 1808.65

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
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

76111.22 Cr.

Enterprise Value

70003.65 Cr.

No. of Shares

28.76 Cr.

P/E

22.32

P/B

6.22

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  425.75

CASH

7019.53 Cr.

DEBT

911.96 Cr.

Promoter Holding

64.22 %

EPS (TTM)

₹  118.53

Sales Growth

19.1%

ROE

26.57 %

ROCE

34.4%

Profit Growth

55.11 %

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

Your Added Ratios

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Index Presence

The company is present in 25Indices.

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.
* 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

View Full Peer Comparison
* 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 Year19.1%
3 Year66.38%
5 Year44.49%

Profit Growth

1 Year55.11%
3 Year194.59%
5 Year108.35%

ROE%

1 Year26.57%
3 Year34.83%
5 Year27.55%

ROCE %

1 Year34.4%
3 Year40.64%
5 Year32.65%

Debt/Equity

0.0976

Price to Cash Flow

25.89

Interest Cover Ratio

19.1928

CFO/PAT (5 Yr. Avg.)

2.05147175518491

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2025 64.22 0.00
Sep 2025 64.22 0.00
Jun 2025 64.30 0.00
Mar 2025 64.30 0.00
Dec 2024 64.30 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 194.591257144551% for the Past 3 years.
  • The company has shown a good revenue growth of 66.3817292225262% for the Past 3 years.
  • Company has been maintaining healthy ROE of 34.8287333333333% over the past 3 years.
  • Company has been maintaining healthy ROCE of 40.6387333333333% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 19.1928.
  • Company’s PEG ratio is 0.531819357903304.
  • The company has an efficient Cash Conversion Cycle of 29.0485 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.05147175518491.
  • The company has a high promoter holding of 64.22%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 3082.47 3322.97 3369.92 4581.84 6290.95
Total Expenditure 2442.12 2560.59 2520.71 3539.74 4609.94
Operating Profit 640.35 762.38 849.21 1042.1 1681.01
Other Income 101.73 159.53 197.18 734.54 224.9
Interest 26.67 48.11 33.76 57.64 76.05
Depreciation 77.41 97.32 129.67 183.06 195.21
Exceptional Items 0 0 0 0 -294.78
Profit Before Tax 638 776.48 882.96 1535.94 1339.87
Tax 166.61 195.96 223.07 376.41 330.39
Profit After Tax 471.39 580.52 659.89 1159.53 1009.48
Adjusted EPS (Rs) 16.41 20.21 22.97 40.31 35.1

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

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 1993.28 2771.29 6532.8 10717.64 12764.55
Total Expenditure 1912.8 2683.27 5774.37 9343.39 10369.48
Operating Profit 80.48 88.02 758.43 1374.25 2395.07
Other Income 36.85 81.43 111.11 240.03 453.91
Interest 26.18 33.99 76.84 133.23 131.72
Depreciation 26.9 39.6 154.53 264.46 320.9
Exceptional Items 4.06 0 -20.58 341.34 0
Profit Before Tax 68.31 95.86 617.59 1557.93 2396.36
Tax 18.03 26.19 157.4 409.58 615.19
Net Profit 50.28 69.67 460.19 1148.35 1781.17
Adjusted EPS (Rs.) 2.55 3.53 18.91 43.67 62

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 197.14 197.14 243.37 262.96 287.28
Total Reserves 153.91 231.2 1699.51 3839.98 9120
Borrowings 75.54 155.98 107.63 75.25 0
Other N/C liabilities 73.12 78.53 437.06 1330.96 1122.92
Current liabilities 604.47 1370.73 4845.63 5083.7 7313.92
Total Liabilities 1104.17 2033.58 7333.18 10592.85 17844.12
Assets
Net Block 126.07 547.52 919.9 1011.48 2666.12
Capital WIP 1.17 122.67 453.24 1206.64 1733.55
Intangible WIP 0 0 0 0 0
Investments 43.86 43.85 222.54 222.63 222.96
Loans & Advances 102.26 77.79 142.92 459.42 1859.7
Other N/C Assets 37.24 38.44 190.29 92.5 431.9
Current Assets 793.57 1203.32 5404.3 7600.18 10929.89
Total Assets 1104.17 2033.58 7333.18 10592.85 17844.12
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 64.25 95.86 617.59 1557.93 2396.36
Adjustment 38.42 71.54 248.87 287.44 48.19
Changes in Assets & Liabilities -4.56 426.9 720.09 580.03 1161.47
Tax Paid -21.64 -22.79 -94.84 -309.08 -666.15
Operating Cash Flow 80.53 571.51 1491.72 2116.32 2939.87
Investing Cash Flow -150.99 -523.33 -2240.61 -3252.35 -6767.36
Financing Cash Flow 75.67 66.18 871.8 960.48 4076.83
Net Cash Flow 5.22 114.36 122.91 -175.55 249.34

Corporate Actions

Investors Details

PARTICULARS Dec 2024% Mar 2025% Jun 2025% Sep 2025% Dec 2025%
promoters 64.30 64.30 64.30 64.22 64.22
chimanlal tribhovandas do... - - 45.93 45.88 45.88
waaree sustainable financ... 18.37 18.37 18.37 18.34 18.34
bindiya kirit doshi 6.90 6.90 - - -
binita hitesh doshi 5.56 5.56 - - -
hitesh chimanlal doshi 4.91 4.91 - - -
hitesh chimanlal doshi hu... 0.98 0.98 - - -
kirit chimanlal doshi 3.55 3.55 - - -
kirit chimanlal doshi huf... 0.91 0.91 - - -
nipa viren doshi 5.64 5.64 - - -
pankaj chimanlal doshi 8.56 8.56 - - -
pankaj chimanlal doshi hu... - 2.57 - - -
pujan pankaj doshi 0.25 0.25 - - -
viren chimanlal doshi 3.81 3.81 - - -
viren chimanlal doshi hu... 2.29 2.29 - - -
pankaj chimanlal doshi h... 2.57 - - - -
PARTICULARS Dec 2024% Mar 2025% Jun 2025% Sep 2025% Dec 2025%
investors 35.70 35.70 35.70 35.78 35.78
kalpraj damji dharamshi 2.32 2.32 2.31 2.22 2.25
llp 0.70 0.72 0.75 0.61 0.53
vt energy srl - 2.17 - 1.92 1.91
het paresh mehta 1.22 1.22 1.06 - -
v.t. energy srl - - 2.17 - -
madhuri madhusudan kela 1.16 1.16 - - -
v t energy srl 2.17 - - - -

Annual Reports

Title Link
Title Link
Annual Report 2024
Annual Report 2023

Ratings & Research Reports

TYPE AGENCY Link
TYPE AGENCY Link
Credit CARE
TYPE AGENCY Link
TYPE AGENCY Link
 No Research reports exist for this company.Report us

Concalls & Presentations

TYPE QUARTER Link
TYPE QUARTER Link
Concall Q3FY25
Concall Q2 FY25
TYPE QUARTER Link
TYPE QUARTER Link
Presentation Q3FY26
Presentation Q3FY25

Additional Resources & References

Company News

Waaree Energies informs about analyst meet 25 Feb, 5:37 PM Solar stocks tumble after US imposes 126% import duty on certain Indian solar goods 25 Feb, 2:10 PM Waaree Energies’ arm secures 300 MW wind power project in Gujarat 25 Feb, 9:18 AM Waaree Energies gains as its arm inks pacts with Zero Footprint Industries 24 Feb, 9:54 AM Waaree Energies’ arm inks pacts with Zero Footprint Industries 23 Feb, 4:46 PM Waaree Energies to set up 16 GWh integrated lithium-ion battery gigafactory in Andhra Pradesh 19 Feb, 12:48 PM Waaree Energies informs about investors meet 13 Feb, 5:05 PM Waaree Energies’ arm secures order for supply of 150MW solar modules 5 Feb, 9:29 AM Waaree Energies’ arm incorporates wholly owned subsidiary 23 Jan, 5:43 PM Waaree Energies zooms on reporting over 2-fold jump in Q3 consolidated net profit 22 Jan, 11:20 AM Waaree Energies reports over 2-fold jump in Q3 consolidated net profit 22 Jan, 11:09 AM Waaree Energies informs about investors presentation 22 Jan, 9:36 AM Waaree Energies secures order for supply of 210 MW DCR solar modules 20 Jan, 9:22 AM Waaree Energies’ arm incorporates wholly-owned subsidiaries 16 Jan, 6:05 PM Waaree Energies receives supply order for 105 MW solar modules 9 Jan, 2:41 PM Waaree Energies’ arm completes strategic fund raise of around Rs 1,003 crore 5 Jan, 5:15 PM Waaree Energies informs about receipt of order 31 Dec, 3:59 PM Waaree Energies bags order for supply of 1500 MW solar modules 31 Dec, 2:17 PM Waaree Energies’ arm begins operations of two solar inverter line manufacturing facilities in Gujarat 30 Dec, 11:30 AM Waaree Energies’ arm incorporates wholly-owned subsidiaries 24 Dec, 11:08 AM Waaree Energies soars as its arm incorporates two wholly-owned subsidiaries 19 Dec, 12:20 PM Waaree Energies’ arm incorporates two wholly-owned subsidiaries 19 Dec, 12:12 PM Waaree Energies’ arm incorporates subsidiaries to facilitate specific power projects 18 Dec, 12:22 PM Waaree Energies’ arm incorporates wholly-owned subsidiary 16 Dec, 12:21 PM Waaree Energies informs about commencement of commercial production 12 Dec, 4:35 PM Waaree Energies’ arm incorporates wholly-owned subsidiary 11 Dec, 12:00 PM Waaree Energies rises as its arm bags order for supply of 288 MW solar modules 8 Dec, 3:13 PM Waaree Energies' arm bags order for supply of 288 MW solar modules 5 Dec, 12:01 PM Waaree Energies bags order for supply of 140 MW solar modules 29 Nov, 9:10 AM Waaree Energies’ arm commences operations at Gujarat manufacturing facility 17 Nov, 9:58 AM Waaree Energies rises on bagging order for supply of 360MW solar modules 12 Nov, 9:30 AM Waaree Energies bags order for supply of 360MW solar modules 12 Nov, 9:07 AM Waaree Energies’ arm acquires 76% stake in Racemosa Energy (India) 8 Nov, 10:45 AM Waaree Energies informs about monitoring agency report 29 Oct, 4:59 PM Waaree Energies completes acquisition of 64% stake in Kotsons 8 Oct, 10:12 AM Waaree Energies informs about compliances-certificate 7 Oct, 5:19 PM Waaree Energies informs about grant of options 4 Oct, 3:52 PM Waaree Energies’ arm inks pact to acquire 76% stake in Racemosa Energy (India) 27 Sep, 3:52 PM Waaree Energies makes investment of Rs 300 crore in Waaree Energy Storage Solutions 25 Sep, 10:12 AM Waaree Energies’ arm gets nod to acquire 76% stake in Racemosa Energy (India) 19 Sep, 9:37 AM Waaree Energies’ arm incorporates wholly-owned subsidiaries 13 Sep, 1:04 PM Waaree Energies informs about analyst meet 11 Sep, 5:29 PM Waaree Energies informs about Analyst meet 5 Sep, 5:25 PM Waaree Energies informs about newspaper advertisement 3 Sep, 3:42 PM Waaree Energies gets nod to acquire 64% share capital of Kotson’s 3 Sep, 12:00 PM Waaree Energies’ arm receives order for supply of 452MW solar modules 26 Aug, 3:08 PM Waaree Energies informs about transcript of conference call 6 Aug, 4:59 PM Waaree Energies starts commercial production of 1.80 GW solar module line 31 Jul, 4:42 PM Waaree Energies reports 89% jump in Q1 consolidated net profit 29 Jul, 12:24 PM Waaree Energies gets nod for capex to set up plants in Gujarat, Maharashtra 29 Jul, 11:09 AM

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 22.3250744112903 which is high and comparatively 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 12.5271% 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 1.4944.

  • 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 26.5736%. (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 0.0976 which means that the company has low proportion of debt in its capital.

  • Sales growth: Waaree Energies has reported revenue growth of 19.0985% 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 18.7634503370663%.

  • 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 118.5304. 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. 

Waaree Energies FAQs

Q1. What is Waaree Energies share price today?
Ans: The current share price of Waaree Energies is Rs 2646.2.

Q2. What is the market capitalisation of Waaree Energies?
Ans: Waaree Energies has a market capitalisation of Rs 76115.5362811 Cr., calculated based on its latest share price.

Q3. What are the P/E and P/B ratios of Waaree Energies?
Ans: The PE ratio of Waaree Energies is 22.3250744112903 and the P/B ratio of Waaree Energies is 6.21535395832457, showing how the stock is valued against its earnings and book value.

Q4. What is the 52-week high and low of Waaree Energies share?
Ans: The 52-week high share price of Waaree Energies is Rs 3865, and the 52-week low share price of Waaree Energies is Rs 1863.

Q5. Does Waaree Energies pay dividends?
Ans: Currently, Waaree Energies does not pay dividends. Dividend yield of Waaree Energies is around 0%.

Q6. What are the face value and book value of Waaree Energies shares?
Ans: The face value of Waaree Energies shares is Rs 10, while the book value per share of Waaree Energies is around Rs 425.7521. Face value is the nominal value set by the company, whereas book value reflects its accounting worth.

Q7. What is the debt of Waaree Energies?
Ans: Waaree Energies has a total debt of Rs 911.96 Cr., which affects investor sentiment and financial stability. 

Q8. What are the ROE and ROCE of Waaree Energies?
Ans: The ROE of Waaree Energies is 26.5736% and ROCE of Waaree Energies is 34.3999%. ROE shows how efficiently the company is generating profit from shareholders’ equity, while the ROCE is reflects how efficiently the company uses its capital to generate returns.

Q9. Is Waaree Energies a good buy for the long term?
Ans: The Waaree Energies long-term outlook depends on debt levels, earnings growth, and sector trends. If it sustains profits and manages debt well, it may be considered for long-term investment.

Q10. Is Waaree Energies undervalued or overvalued?
Ans: Based on valuation ratios like P/E, P/B, and EV/EBITDA, one can analyse whether the Waaree Energies appears undervalued or overvalued at current levels. You can check detailed valuation metrics and peer comparisons on Finology Ticker.

Q11. How to check Waaree Energies’s financials?
Ans: You can review Waaree Energies’s financial statements - including balance sheet, income statement, and quarterly results - on Finology Ticker.

Last Updated on:
Brief about Waaree Energies

Waaree Energies Share Price, Stock Analysis & Company Profile

Waaree Energies Limited is a dominant force in the Indian renewable energy sector and one of the largest players in the solar module manufacturing industry. As a key contributor to India’s clean energy transition, the company has established a significant global footprint.

This page serves as a definitive resource for investors seeking a detailed Waaree Energies stock analysis, providing all the essential financial metrics, corporate history, and performance trends required to make informed investment decisions.

About Waaree Energies

Waaree Energies Limited, the flagship company of the Waaree Group, was founded with a vision to provide sustainable energy solutions. The company has grown to become India’s largest manufacturer of solar PV modules. With state-of-the-art manufacturing facilities, Waaree focuses on delivering high-quality solar panels for residential, commercial, and industrial applications both in India and across international markets like the USA and Europe.

Waaree Energies Business Model

The company operates a vertically integrated business model designed to capture value across the solar ecosystem. Key pillars of their operations include:

  • Solar Module Manufacturing: The core of the business involves the production of high-efficiency solar PV modules, including multicrystalline, monocrystalline, and Bifacial modules.

  • EPC Services (Engineering, Procurement, and Construction): Waaree provides end-to-end solar solutions, handling the design, installation, and commissioning of solar power plants for utility-scale projects.

  • Solar Products: Beyond large-scale panels, the company manufactures solar water pumps, solar rooftop kits, and lithium-ion batteries for energy storage.

  • Export-Oriented Growth: A significant portion of the company’s revenue is derived from international solar markets, making it a key beneficiary of global "China Plus One" sourcing strategies.

Waaree Energies IPO and Listing Details

The Waaree Energies IPO was one of the most anticipated market events in the renewable energy space, receiving an overwhelming response from retail and institutional investors alike.

  • Listing Year: 2024

  • IPO Price: Rs 1,503 per share

  • Listing Price: Rs 2,550 (NSE) / Rs 2,500 (BSE)

  • Listing Gain: Approximately 69.6% over the issue price on the debut day.

  • Face Value: Rs 10 per share

  • ISIN: INE069S01016

  • Listing Exchanges: BSE and NSE

  • NSE Symbol: WAAREEENER

  • BSE Scrip Code: 544277

Investor Resources Available on This Page

We provide a professional-grade toolkit for retail investors to conduct a thorough Waaree Energies share price stock analysis. On this page, you can find:

  • Price Chart: Track the latest Waaree Energies share price movements and historical performance. (data delayed by 15 minutes)

  • Company Ratios: Access critical valuation metrics such as PE ratio, PB ratio, ROE (Return on Equity), and ROCE (Return on Capital Employed).

  • Quarterly Results: Stay updated with the latest top-line and bottom-line performance, including EBITDA margins and net profit growth.

  • Profit & Loss Account and Balance Sheet: A deep dive into the company’s financial health, assets, liabilities, and long-term borrowing.

  • Cash Flow Statement: Understand the company’s liquidity position through operating, investing, and financing cash flows.

  • Shareholding Pattern: Monitor the stakes held by promoters, Foreign Institutional Investors (FIIs), and Domestic Institutional Investors (DIIs).

  • Pros & Cons Analysis: A simplified scannable list of the company's competitive advantages (like market leadership) and potential challenges (like raw material price volatility).

  • Annual Reports: Downloadable official documents and investor presentations are available in the reports section.

Frequently Asked Questions (FAQs)

Q1. What was the IPO price of Waaree Energies?
The IPO price for Waaree Energies Limited was fixed at Rs 1,503 per equity share.

Q2. What were the listing gains for Waaree Energies share?
The stock saw a stellar debut, listing at a premium of nearly 70% over its issue price, providing significant immediate returns to successful IPO allottees.

Q.3 What is the Waaree Energies share price today?
The current Waaree Energies share price is displayed at the top of this page. Please note that all prices and chart data are provided with a 15-minute delay

Q4. What is the business of Waaree Energies?
Waaree Energies is primarily engaged in the manufacturing of solar photovoltaic (PV) modules and providing EPC services for solar power projects.

Q5. How can I analyse the financial health of Waaree Energies?
You can use the various tables on this page to review the balance sheet, quarterly results, and key financial ratios like Debt-to-Equity and ROCE.

Q6. Who are the promoters of Waaree Energies?
The company is promoted by Hitesh Chimanlal Doshi, Virenkumar Chimanlal Doshi, Pankaj Chimanlal Doshi, and Waaree Sustainable Process Solutions LLP. Detailed promoter holding percentages are available in the shareholding section.

Q7. Is the Waaree Energies annual report available here?
Yes, you can download the latest and historical Annual Reports directly from the "Documents" or "Reports" section on this page to understand the management’s future outlook.

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