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Waaree Energies share price

Waaree Energies Ltd.

  3.2 L   740   220 NSE: WAAREEENER BSE: 544277 SECTOR: Electric Equipment

2625.00
+77.00 (3.02%)
NSE: 11 Sep 4:00 PM

Price Summary

Today's High

₹ 2635

Today's Low

₹ 2515.1

52 Week High

₹ 3728

52 Week Low

₹ 2403

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

75508.48 Cr.

Enterprise Value

73698.58 Cr.

No. of Shares

28.77 Cr.

P/E

19.66

P/B

5.47

Face Value

₹ 10

Div. Yield

0.15 %

Book Value (TTM)

₹  479.54

CASH

4076.58 Cr.

DEBT

2266.68 Cr.

Promoter Holding

64.12 %

EPS (TTM)

₹  133.55

Sales Growth

64.44%

ROE

33.59 %

ROCE

39.73%

Profit Growth

111.24 %

* 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 28Indices.

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 Year64.44%
3 Year47.56%
5 Year60.14%

Profit Growth

1 Year111.24%
3 Year101.46%
5 Year137.04%

ROE%

1 Year33.59%
3 Year32.89%
5 Year31.19%

ROCE %

1 Year39.73%
3 Year38.85%
5 Year35.37%

Debt/Equity

0.1736

Price to Cash Flow

107.12

Interest Cover Ratio

26.0156

CFO/PAT (5 Yr. Avg.)

1.08342377660645

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 64.12 0.00
Mar 2026 64.19 0.00
Dec 2025 64.22 0.00
Sep 2025 64.22 0.00
Jun 2025 64.30 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 101.455378731849% for the Past 3 years.
  • The company has shown a good revenue growth of 47.5614367368264% for the Past 3 years.
  • Company has been maintaining healthy ROE of 32.8885% over the past 3 years.
  • Company has been maintaining healthy ROCE of 38.8496333333333% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 26.0156.
  • Company’s PEG ratio is 0.177131382777016.
  • The company has an efficient Cash Conversion Cycle of 22.5454 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.08342377660645.
  • The company has a high promoter holding of 64.12%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 3369.92 4581.84 6290.95 6747.8 6221.67
Total Expenditure 2520.71 3539.74 4609.94 5538.99 5183.39
Operating Profit 849.21 1042.1 1681.01 1208.81 1038.28
Other Income 197.18 734.54 224.9 230.45 194.92
Interest 33.76 57.64 76.05 31.15 41.04
Depreciation 129.67 183.06 195.21 198.78 199.23
Exceptional Items 0 0 -294.78 0 0
Profit Before Tax 882.96 1535.94 1339.87 1209.33 992.93
Tax 223.07 376.41 330.39 275.77 253.83
Profit After Tax 659.89 1159.53 1009.48 933.56 739.1
Adjusted EPS (Rs) 22.97 40.31 35.1 32.45 25.69

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

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 2771.29 6532.8 10717.64 12764.55 20990.51
Total Expenditure 2683.27 5774.37 9343.39 10369.48 16209.39
Operating Profit 88.02 758.43 1374.25 2395.07 4781.12
Other Income 81.43 111.11 240.03 453.91 1387.07
Interest 33.99 76.84 133.23 131.72 198.6
Depreciation 39.6 154.53 264.46 320.9 706.72
Exceptional Items 0 -20.58 341.34 0 -294.77
Profit Before Tax 95.86 617.59 1557.93 2396.36 4968.1
Tax 26.19 157.4 409.58 615.19 1205.64
Net Profit 69.67 460.19 1148.35 1781.17 3762.46
Adjusted EPS (Rs.) 3.53 18.91 43.67 62 130.8

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 197.14 243.37 262.96 287.28 287.65
Total Reserves 231.2 1699.51 3839.98 9120 12842.01
Borrowings 155.98 107.63 75.25 0 244.63
Other N/C liabilities 78.53 437.06 1330.96 1122.92 809.63
Current liabilities 1370.73 4845.63 5083.7 7313.92 8944.99
Total Liabilities 2033.58 7333.18 10592.85 17844.12 23128.91
Assets
Net Block 547.52 919.9 1011.48 2666.12 4123.09
Capital WIP 122.67 453.24 1206.64 1733.55 701.42
Intangible WIP 0 0 0 0 0
Investments 43.85 222.54 222.63 222.96 2812.34
Loans & Advances 77.79 142.92 459.42 1859.7 4292.03
Other N/C Assets 38.44 190.29 92.5 431.9 194.74
Current Assets 1203.32 5404.3 7600.18 10929.89 11005.29
Total Assets 2033.58 7333.18 10592.85 17844.12 23128.91
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 95.86 617.59 1557.93 2396.36 4968.1
Adjustment 71.54 248.87 287.44 48.19 -269.14
Changes in Assets & Liabilities 426.9 720.09 580.03 1161.47 -2922.13
Tax Paid -22.79 -94.84 -309.08 -666.15 -1071.94
Operating Cash Flow 571.51 1491.72 2116.32 2939.87 704.89
Investing Cash Flow -523.33 -2240.61 -3252.35 -6767.36 -1349.65
Financing Cash Flow 66.18 871.8 960.48 4076.83 510.07
Net Cash Flow 114.36 122.91 -175.55 249.34 -134.69

Corporate Actions

Investors Details

PARTICULARS Jun 2025% Sep 2025% Dec 2025% Mar 2026% Jun 2026%
promoters 64.30 64.22 64.22 64.19 64.12
chimanlal tribhuvandas do... - - - 45.84 45.78
waaree sustainable financ... - - - 18.34 18.34
chimanlal tribhovandas do... 45.93 45.88 45.88 - -
waaree sustainable financ... 18.37 18.34 18.34 - -
PARTICULARS Jun 2025% Sep 2025% Dec 2025% Mar 2026% Jun 2026%
investors 35.70 35.78 35.78 35.81 35.88
kalpraj damji dharamshi 2.31 2.22 2.25 2.25 2.12
llp 0.75 0.61 0.53 0.55 0.67
motilal oswal midcap fund... - - - - 2.47
vt energy srl - 1.92 1.91 1.91 1.91
motilal oswal large and m... - - - 1.97 -
het paresh mehta 1.06 - - - -
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 Q4FY26
Concall Q3FY25
Concall Q2 FY25
TYPE QUARTER Link
TYPE QUARTER Link
Presentation Q4FY26
Presentation Q3FY26
Presentation Q3FY25

Additional Resources & References

Company News

Waaree Energies informs about SAST updates 3 Sep, 11:38 AM Waaree Energies’ arm bags LoA for 700 MW solar, 700 MW ESS project in Maharashtra 28 Aug, 5:45 PM Waaree Energies informs about disclosure 11 Aug, 12:19 PM Waaree Energies informs about SAST updates 10 Aug, 4:05 PM Waaree Energies inches up as its step-down arm acquires 24.21% stake in Eppeltone Engineers 10 Aug, 10:12 AM Waaree Energies’ step-down arm acquires 24.21% stake in Eppeltone Engineers 8 Aug, 2:40 PM Waaree Energies’ arm incorporates wholly-owned subsidiary 8 Aug, 1:04 PM Waaree Energies rises as its arm incorporates subsidiary 7 Aug, 11:37 AM Waaree Energies’ arm incorporates subsidiary 7 Aug, 11:28 AM Waaree Energies gains as its arm incorporates wholly-owned subsidiary 5 Aug, 11:35 AM Waaree Energies’ arm incorporates wholly-owned subsidiary 5 Aug, 11:29 AM Waaree Energies informs about earnings presentation 30 Jul, 10:45 AM Waaree Energies commissions 118.8 MW of 170MW solar facility in Madhya Pradesh 30 Jul, 9:44 AM Waaree Energies - Quaterly Results 30 Jul, 12:00 AM Waaree Energies gains as its arm receives order for 125 MW solar modules 23 Jul, 10:11 AM Waaree Energies’ arm receives order for 125 MW solar modules 23 Jul, 9:44 AM Waaree Energies informs about SAST updates 18 Jul, 12:42 PM Waaree Energies informs about award of order 17 Jul, 5:06 PM Waaree Energies bags order for supply of 212 MW solar modules 17 Jul, 4:42 PM Waaree Energies rises as its arm commences BESS Container manufacturing facility 17 Jul, 2:53 PM Waaree Energies’ arm commences BESS Container manufacturing facility 16 Jul, 4:28 PM Waaree Energies rises as its arm bags order for supply of 236.22 MW solar modules 30 Jun, 10:53 AM Waaree Energies’ arm bags order for supply of 236.22 MW solar modules 30 Jun, 10:39 AM Waaree Energies informs about award of order 15 Jun, 3:05 PM Waaree Energies secures order to supply 800 MW solar modules 15 Jun, 2:42 PM Waaree Energies informs about press release 15 May, 1:44 PM Waaree Energies’ arm signs PPA with Solar Energy Corporation of India 7 May, 11:17 AM Waaree Energies reports 71% jump in Q4 consolidated net profit 30 Apr, 12:58 PM Waaree Energies informs about earnings presentation 30 Apr, 9:03 AM Waaree Energies’ arm begins operations of new manufacturing facility in Gujarat 6 Apr, 4:42 PM Waaree Energies informs about commencement of commercial production 6 Apr, 2:55 PM Waaree Energies gets nod to acquire additional equity stake in Waaree Transpower 24 Mar, 5:44 PM Waaree Energies informs about analsyt meet 11 Mar, 5:24 PM 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 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 19.6551181927774 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 18.3655% which is a good 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 1.2303.

  • 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 33.5897%. (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 0.1736 which means that the company has low proportion of debt in its capital.

  • Sales growth: Waaree Energies has reported revenue growth of 64.4438% 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 22.7775313701287%.

  • 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 4 and the yield is 0.1522%.

  • 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 133.553. 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 2625.

Q2. What is the market capitalisation of Waaree Energies?
Ans: Waaree Energies has a market capitalisation of Rs 75508.4754375 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 19.6551181927774 and the P/B ratio of Waaree Energies is 5.47397650715256, 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 3728, and the 52-week low share price of Waaree Energies is Rs 2403.

Q5. Does Waaree Energies pay dividends?
Ans: Currently, Waaree Energies pays dividends. Dividend yield of Waaree Energies is around 0.1522%.

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 479.5417. 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 2266.68 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 33.5897% and ROCE of Waaree Energies is 39.7302%. 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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