What is Waaree Energies Ltd's PE ratio?

Waaree Energies Ltd trades at a P/E ratio of 19.80.

What is Waaree Energies Ltd's market cap?

Waaree Energies Ltd's market capitalisation is ₹77,728 Cr.

When are Waaree Energies Ltd's next results?

Waaree Energies Ltd's next earnings date is 29 Jul '26.

What is Waaree Energies Ltd's ROE?

Waaree Energies Ltd's return on equity (ROE) is 32.8%.

What sector is Waaree Energies Ltd in?

Waaree Energies Ltd (WAAREEENER) is classified in the Industrials sector (Other Electrical Equipment).

Industrials · Other Electrical Equipment

Waaree Energies Ltd (WAAREEENER)

₹2,702.00

Mkt cap

₹77,728 Cr

P/E ratio

19.80

P/B

5.38

Div yield

0.07%

ROE

32.80%

ROCE

38.80%

EPS (TTM)

₹136.46

Book value

₹502

52W range

2,419–3,740

Sector

Industrials

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 544277waaree.com

Health check

Constructive

ValuationCheap

ProfitabilityStrong

GrowthHigh

TechnicalsBearish

52-week range

−27.75% from high

₹2,702

₹2,419+11.70% from low₹3,740

Current

₹2,702.00

Prev close

₹2,707.90

Day

−0.22%

Price performance

−0.22%

−4.39%

−10.21%

−18.26%

+7.80%

−15.72%

YTD

−5.73%

Financials

F

Revenue, profit & margin

P/E ratio

19.8×

WAAREEENER is 33% below the sector median of 29.5×

WAAREEENER19.8×

Sector median29.5×

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	3,328	3,537	1,596	2,936	3,409	3,574	3,457	4,004	4,426	6,066	7,565	8,480
Expenses	2,861	3,020	1,425	2,518	2,856	3,050	2,736	3,081	3,429	4,659	5,637	6,904
Operating Profit	468	517	171	418	552	525	722	923	997	1,406	1,928	1,577
OPM %	14%	15%	11%	14%	16%	15%	21%	23%	23%	23%	25%	19%
Other Income	87	21	105	364	88	89	88	133	171	161	-99	180
Interest	40	33	18	48	34	31	31	57	43	96	93	48
Depreciation	57	71	74	75	76	84	89	153	182	240	267	301
Profit before tax	457	435	184	659	531	499	690	845	943	1,231	1,469	1,408
Tax %	26%	26%	23%	28%	24%	25%	27%	24%	18%	29%	25%	20%
Net Profit	338	320	141	475	401	376	507	644	773	878	1,107	1,126
EPS in Rs	17.05	15.98	6.32	23.41	19.99	13.73	17.15	21.54	25.94	29.29	36.94	36.89
Raw PDF

Earnings

EResults dates & reactions

Next results

29 Jul '26scheduled

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move −0.13% · closed higher next day 3 of last 7

	Q2FY25	Q3FY25	Q4FY25†	Q1FY26	Q2FY26	Q3FY26	Q4FY26
Broadcast	19 Nov '24◦	30 Jan '25◦	30 May '25	28 Jul '25◦	16 Oct '25◦	21 Jan '26◦	30 Apr '26
Earnings day	−6.22%	+8.90%	−1.27%	+1.95%	−2.54%	+9.21%	−10.97%
+1 day	−6.78%	+9.36%	−3.20%	+1.02%	−3.33%	+7.45%	−10.47%
+5 days	−9.23%	+6.01%	−6.26%	−1.79%	−3.89%	+15.23%	−7.79%
+15 days	+13.46%	+5.11%	−0.93%	+1.28%	−7.45%	+28.00%	−14.43%
+30 days	−2.79%	−3.74%	+3.15%	+20.18%	−14.30%	+7.44%	−12.90%
Filing	XBRL	XBRL	XBRL	XBRL	PDF	XBRL	XBRL

Corporate actions

CLast 6 months

No recent corporate actions

Dividends, splits, and bonuses in the last six months show up here.

Shareholding

Sas of Jun 2026

64.12%Promoter

Promoters64.12%0.07

FIIs8.57%1.51

DIIs4.08%0.24

Public23.23%1.21

Ownership trend

Peers

P7 companies

Valuation 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	₹2,702.00	19.80	77,728	0.07%	1,126	+70.64%	8,480	+111.80%	38.78%
Apar Inds.	₹13,889.00	46.29	55,798	0.37%	467	+77.80%	6,591	+29.13%	31.12%
Premier Energies	₹1,019.30	30.67	46,301	0.10%	457	+64.44%	2,230	+37.60%	33.32%
Emmvee Photovol.	₹331.00	17.99	22,924	0.00%	380	+102.64%	1,556	+51.34%	44.83%
MTAR Technologie	₹5,805.00	182.00	17,862	0.00%	44	+212.25%	306	+67.14%	15.20%
Diamond Power	₹295.15	105.40	15,554	0.00%	57	+638.19%	715	+114.08%	24.20%
Fujiyama Power	₹383.80	38.83	11,810	0.00%	106	+107.49%	901	+87.52%	34.95%
Median: 58 Co.	₹323.30	29.49	863	0.00%	15	+56.25%	171	+28.73%	20.30%

Filings

D

Annual reports1

Financial Year 2025bse

Credit ratings6

Rating update 5 Febcare Rating update 19 Mar 2025care Rating update 3 Apr 2024care Rating update 17 Feb 2023crisil Rating update 13 Feb 2023crisil Rating update 7 Feb 2023care

Announcements5

Board Meeting Intimation for Consideration And Approval Of The Un-Audited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2026. 1d - Board meets July 29, 2026 to approve Q1 FY2027 standalone and consolidated results; trading window closedJuly 1.Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 18 Jul Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 18 Jul Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 18 Jul Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 18 Jul