Waaree Energies Ltd (WAAREEENER)
₹2,304.00
Mkt cap
₹66,161 Cr
P/E ratio
17.00
P/B
4.14
Div yield
0.17%
ROE
32.50%
ROCE
38.40%
EPS (TTM)
₹135.53
Book value
₹557
52W range
2,162–3,643
Sector
Industrials
Price history
Previous close
Incorporated in December 1990, Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW. [1] WEL has five solar module manufacturing facilities in India, with international presence.
NSE WAAREEENERBSE 544277
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthHigh
TechnicalsBearish
52-week range
−36.76% from high₹2,304
₹2,162+6.59% from low₹3,643
Current
₹2,304.00
Prev close
₹2,318.00
Day
−0.60%
Price performance
1D
−0.60%
1W
−2.16%
1M
−3.19%
3M
−12.23%
6M
−34.23%
1Y
−35.42%
YTD
−19.62%
Financials
Revenue, profit & margin
P/E ratio
17.0×
WAAREEENER is 30% below the sector median of 24.3×
WAAREEENER17.0×
Sector median24.3×
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,537 | 1,596 | 2,936 | 3,409 | 3,574 | 3,457 | 4,004 | 4,426 | 6,066 | 7,565 | 8,480 | 7,932 | 7,518 | |
| Expenses | 3,020 | 1,425 | 2,518 | 2,856 | 3,050 | 2,736 | 3,081 | 3,429 | 4,659 | 5,637 | 6,904 | 6,492 | 6,183 | |
| Operating Profit | 517 | 171 | 418 | 552 | 525 | 722 | 923 | 997 | 1,406 | 1,928 | 1,577 | 1,440 | 1,335 | |
| OPM % | 15% | 11% | 14% | 16% | 15% | 21% | 23% | 23% | 23% | 25% | 19% | 18% | 18% | |
| Other Income | 21 | 105 | 364 | 88 | 89 | 88 | 133 | 171 | 161 | -99 | 180 | 171 | 147 | |
| Interest | 33 | 18 | 48 | 34 | 31 | 31 | 57 | 43 | 96 | 93 | 48 | 70 | 105 | |
| Depreciation | 71 | 74 | 75 | 76 | 84 | 89 | 153 | 182 | 240 | 267 | 301 | 330 | 347 | |
| Profit before tax | 435 | 184 | 659 | 531 | 499 | 690 | 845 | 943 | 1,231 | 1,469 | 1,408 | 1,210 | 1,030 | |
| Tax % | 26% | 23% | 28% | 24% | 25% | 27% | 24% | 18% | 29% | 25% | 20% | 26% | 27% | |
| Net Profit | 320 | 141 | 475 | 401 | 376 | 507 | 644 | 773 | 878 | 1,107 | 1,126 | 892 | 754 | |
| EPS in Rs | 15.98 | 6.32 | 23.41 | 19.99 | 13.73 | 17.15 | 21.54 | 25.94 | 29.29 | 36.94 | 36.89 | 29.56 | 24.98 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.74% · closed higher next day 4 of last 9
| Q2FY25 | Q3FY25 | Q4FY25† | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | Q2FY27 | |
|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 19 Nov '24◦ | 30 Jan '25◦ | 30 May '25 | 28 Jul '25◦ | 16 Oct '25◦ | 21 Jan '26◦ | 30 Apr '26 | 29 Jul '26◦ | 27 Oct '26◦ |
| Earnings day | −6.22% | +8.90% | −1.27% | +1.95% | −2.54% | +9.21% | −10.97% | −4.07% | −1.63% |
| +1 day | −6.78% | +9.36% | −3.20% | +1.02% | −3.33% | +7.45% | −10.47% | −2.05% | +1.89% |
| +5 days | −9.23% | +6.01% | −6.26% | −1.79% | −3.89% | +15.23% | −7.79% | −2.75% | — |
| +15 days | +13.46% | +5.11% | −0.93% | +1.28% | −7.45% | +28.00% | −14.43% | −2.24% | — |
| +30 days | −2.79% | −3.74% | +3.15% | +20.18% | −14.30% | +7.44% | −12.90% | −6.88% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202664.12%Promoter
Promoters64.12%
FIIs8.57%
DIIs4.09%
Public23.22%0.01
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Waaree Energies | ₹2,304.00 | 16.96 | 66,161 | 0.17% | 754 | −14.70% | 7,518 | +23.94% | 38.45% |
| Apar Inds. | ₹15,678.00 | 46.86 | 65,652 | 0.38% | 447 | +77.72% | 6,931 | +21.27% | 31.81% |
| Premier Energies | ₹876.00 | 23.97 | 39,909 | 0.11% | 472 | +50.45% | 2,463 | +35.25% | 32.71% |
| MTAR Technologie | ₹6,838.00 | 109.40 | 21,033 | 0.00% | 60 | +1,307.76% | 407 | +200.00% | 15.15% |
| Diamond Power | ₹344.40 | 111.04 | 20,598 | 0.00% | 57 | +197.81% | 707 | +132.98% | 10.38% |
| Emmvee Photovol. | ₹229.00 | 11.17 | 15,845 | 0.44% | 382 | +60.62% | 1,576 | +39.38% | 44.62% |
| Avalon Tech | ₹2,050.30 | 102.71 | 13,722 | 0.00% | 35 | +145.39% | 484 | +49.83% | 19.29% |
| Median: 60 Co. | ₹271.48 | 24.27 | 781 | 0.00% | 11 | +44.03% | 194 | +35.72% | 21.57% |
Filings
Annual reports2
Concall transcripts31
PPTOct 2026RECOct 2026TranscriptAug 2026PPTAug 2026RECAug 2026TranscriptMay 2026PPTMay 2026RECMay 2026PPTApr 2026TranscriptFeb 2026TranscriptJan 2026PPTJan 2026RECJan 2026PPTJan 2026TranscriptOct 2025PPTOct 2025RECOct 2025TranscriptAug 2025PPTAug 2025RECAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Updates on Acquisition 30 OctCommencement Of Commercial Production 30 Oct - WSA began production from 1.6 GW Texas lines, raising Brookshire capacity to 3.2 GW on October 29, 2026.Announcement Under Regulation 30 30 Oct - GPCB closure direction for Degam solar cell facility revoked; ₹9 lakh EDC and ₹8 lakh guarantees furnished.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 28 Oct - Audio recording of October 28, 2026 analyst call on Q2 FY27 results available on website.Announcement under Regulation 30 (LODR)-Investor Presentation 28 Oct - Investor Presentation for Investor/Earning''s call for the Financial Results for the Quarter and half Year ended September 30, 2026.