Waaree Energies Ltd.
Price
Daily candles · NSEWhat the numbers say
- Good return on equity: 3-year ROE 35.0%.
- Comfortable leverage: debt-to-equity of 0.21.
- Sales compounded at 57.8% over 3 years.
- Weak cash conversion (CFO/OP 0.61).
- Trades below its industry P/E (18.4 vs 26.9).
Generated automatically from reported financials. These are observations, not a recommendation to buy or sell.
- Waaree Energies’ arm starts commercial production of new solar inverter line in Gujarat
With this, the aggregate annual installed capacity of solar inverter manufacturing of Waaree Power stands increased from 3.05 GW to 4.15 GW
- Waaree Energies’ arm enters into India's specialty gases business
WCES aims to be a one-stop supplier to the country's semiconductor and solar cell manufacturers
- Waaree Energies bags order to supply 2 GW solar modules
The company has received order from a renowned customer who is a leading solar developer
- Waaree Energies’ arm bags LoA for 700 MW solar, 700 MW ESS project in Maharashtra
Waaree Forever Energies has received letter of award from Solar Energy Corporation of India
- Waaree Energies’ arm incorporates subsidiary
The said WOS has been incorporated for the purpose of providing Mobility Solutions using clean fuels/batteries
- Waaree Energies’ arm incorporates wholly-owned subsidiary
WH Clean Fuels has been incorporated for the purpose of Green Hydrogen and Green Amonia and related specific business projects and activities
- Waaree Energies commissions 118.8 MW of 170MW solar facility in Madhya Pradesh
The company has commissioned part capacity of 118.8 MW out of total 170MW capacity of Unit 3 of Solar Power Facility at Neemuch Solar Park
- Waaree Energies’ arm receives order for 125 MW solar modules
The said order is to be completed in financial year 2026-27
Company announcements as filed with the exchanges. Reproduced for information — not a view or a recommendation.
| Profit & Loss · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Net Sales | 26,537 | 14,445 | 11,398 | 6,751 | 2,854 |
| Other income | 708 | 402 | 235 | 112 | 92 |
| Total Income | 27,245 | 14,846 | 11,633 | 6,863 | 2,946 |
| Expenditure | 20,628 | 11,723 | 9,823 | 5,919 | 2,743 |
| Operating Profit | 6,617 | 3,123 | 1,810 | 944 | 203 |
| Interest | 281 | 152 | 140 | 82 | 41 |
| Depreciation | 990 | 402 | 277 | 164 | 43 |
| Profit before tax | 5,052 | 2,565 | 1,734 | 677 | 118 |
| Tax | 1,168 | 637 | 460 | 177 | 39 |
| Net Profit | 3,884 | 1,928 | 1,274 | 500 | 80 |
| EPS (₹) | 129.10 | 68.24 | 48.05 | 21.82 | 3.84 |
| Net margin % | 14.6 | 13.3 | 11.2 | 7.4 | 2.8 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Balance Sheet · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Equity capital | 288 | 287 | 263 | 243 | 197 |
| Reserves | 14,074 | 9,131 | 3,778 | 1,558 | 231 |
| Net worth | 14,362 | 9,418 | 4,041 | 1,802 | 428 |
| Total sources | 17,277 | 10,920 | 5,853 | 2,443 | 713 |
| Net block | 7,313 | 4,011 | 1,450 | 1,105 | 624 |
| Capital work in progress | 3,477 | 1,884 | 1,341 | 537 | 124 |
| Investments | 2,238 | 861 | 497 | 311 | 260 |
| Inventory | 5,856 | 2,692 | 2,586 | 2,709 | 538 |
| Debtors | 2,492 | 1,053 | 971 | 313 | 93 |
| Cash & bank | 6,728 | 7,748 | 3,779 | 1,736 | 366 |
| Book value (₹) | 499.27 | 327.84 | 153.69 | 74.03 | 21.69 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Cash Flow · ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| From operations | 1,627 | 3,158 | 2,305 | 1,560 | 701 |
| From investing | -3,953 | -6,808 | -3,340 | -2,094 | -675 |
| From financing | 2,573 | 4,036 | 909 | 642 | 99 |
| Net change in cash | 247 | 386 | -126 | 109 | 125 |
| Free cash flow | -2,326 | -3,650 | -1,035 | -534 | 26 |
| Closing cash | 774 | 510 | 121 | 254 | 139 |
Consolidated figures, as filed with the exchanges. Newest year first.
| Ratios | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| ROCE % | 37.9 | 34.7 | 49.1 | 43.4 | 21.1 |
| ROE % | 32.7 | 28.7 | 43.6 | 44.9 | 20.4 |
| PAT margin % | 14.6 | 13.3 | 11.2 | 7.4 | 2.8 |
| EBIT margin % | 20.1 | 18.8 | 16.4 | 11.2 | 5.6 |
| Debt / equity | 0.21 | 0.13 | 0.21 | 0.48 | 0.87 |
| Current ratio | 1.38 | 1.49 | 1.48 | 1.11 | 0.90 |
| Interest cover | 19.01 | 17.86 | 13.40 | 9.23 | 3.90 |
| Sales growth % | 83.7 | 26.7 | 68.8 | 136.5 | 46.1 |
| Dividend per share (₹) | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout % | 3.1 | 0.0 | 0.0 | 0.0 | 0.0 |
Consolidated figures, as filed with the exchanges. Newest year first.
Frequently asked
Waaree Energies Ltd. (WAAREEENER) last traded at ₹2,370.00 on the NSE, down +3.46% on the session. Prices on this page are indicative and for information only.
Waaree Energies Ltd. has traded between ₹2,281.80 and ₹3,643.00 over the last 52 weeks on the NSE.
Waaree Energies Ltd. has a market capitalisation of about ₹68,173 crore.
Waaree Energies Ltd. trades at a P/E of 18.4, against an industry P/E of 26.9.
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Exchange filings and end-of-day data, not a live feed. Bulk, block and insider records are published by the exchanges when a threshold is crossed, so they show reportable activity only. For information, not a recommendation to deal, and not a view on any person named above.
Disclosures. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Prices and data on this page are indicative and for information only. Nothing here is investment advice or a recommendation to buy or sell any security. Investors should consider their own objectives, financial situation and risk profile, and may wish to seek independent advice, before investing.
Figures are as reported by the company; consolidated where available. Errors and omissions excepted.
L. F. C. Securities Pvt. Ltd. · Member BSE, NSE, MCX · SEBI Stock Broker INZ000170736 · CDSL IN-DP-281-2016 · AMFI ARN-78991 · Investment Adviser (Non-Individual) INA000011617 · Compliance Officer: Mr. Santosh Patil · santoshp@labdhi.in · 022-35006933 · Investor Grievances: investorgreve@labdhi.in