WAAREE ENERGIES LIMITED·SOLAR ENERGY 24.18·Electrical Equipment Companies

Price

2,370

-3.47%
O:2425.3
H:2432.8
L:2356
C:2370

52W Range

2281.83643
+4%/-35%

Market Cap

₹68,173.37 Cr

Traded: ₹170.29 Cr (0.25%) 0.0x

Free Float: ₹16,661.57 Cr (1.02% of FF traded)

Volume · 60D trend

7.16 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+1% 3M:-11% 6M:-23% 12M:-25%

RS Score

SEEM
NOUS
BNF
SMA Score

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Valuation

P/E17.9
P/B4.7
P/S2.3
EV/EBIT13.9

Business Strength

ROE27.6%
ROCE35.1%
OPM22.3%
NPM14.6%

Growth (3Y CAGR)

EPS+98.5%
Sales+58.0%
Profit+100.0%
3Y Return--

Balance Sheet

Debt/Equity0.2
Debt2,492 Cr
Pledge0.0%
CWIP/Fixed Asset47.4%

Cash Position

CFO/NP41.9%
FCF-3,209 Cr
FCF 3Y Avg-2,355 Cr
Cash/MCap8.0%

Others

Div Yield0.0%
Div Payout0.0%
Cash Conv. Cycle90 days
Tradeable Free Float24.4%
WAAREEENER2,370 -3.47% NSEBSEF&O10% 27 Oct
NOUS
BNF
MCap68.2K Cr
Vol7.16 L
RVol
Del%
TVal170.29 Cr
RS
SEEM

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 732.23 Cr
4.39% FF
60d high
₹ 922.06 Cr
60d low
₹ 732.23 Cr
60d mean
₹ 819.80 Cr
vs mean
▼ 10.68%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
--
+32.0%
+31.0%
--
--
Decelerating
Return
--
--
--
+20.0%
--
--
Sales
--
+69.0%
+58.0%
--
+84.0%
Stable
Profit
--
+143.0%
+100.0%
--
+111.0%
Stable

Quarterly Results

Jun 2026

29 Jul
Rev
▼7.9K Cr
+79% YoY--
OPM18.0%
NPM--
PAT
--▼892 Cr
EPS
--▼29.6

Mar 2026

30 Apr
Rev
▲8.5K Cr
+112% YoY+12% QoQ
OPM19.0%
NPM13.3%
PAT
+71% YoY▲1.1K Cr
EPS
+71% YoY▼36.9

Dec 2025

21 Jan
Rev
▲7.6K Cr
+119% YoY+25% QoQ
OPM25.0%
NPM14.6%
PAT
+158% YoY▲1.1K Cr
EPS
+115% YoY▲36.9

Sep 2025

PDF
Rev
▲6.1K Cr
+70% YoY+37% QoQ
OPM23.0%
NPM14.5%
PAT
+133% YoY▲878 Cr
EPS
+113% YoY▲29.3

Jun 2025

PDF
Rev
▲4.4K Cr
+30% YoY+11% QoQ
OPM23.0%
NPM17.5%
PAT
+89% YoY▲773 Cr
EPS
+30% YoY▲25.9

Mar 2025

PDF
Rev
▲4.0K Cr
+36% YoY+16% QoQ
OPM23.0%
NPM16.1%
PAT
+130% YoY▲644 Cr
EPS
-8% YoY▲21.5

Dec 2024

PDF
Rev
▼3.5K Cr
+117% YoY-3% QoQ
OPM21.0%
NPM14.7%
PAT
+371% YoY▲507 Cr
EPS
+171% YoY▲17.1

Sep 2024

PDF
Rev
▲3.6K Cr
+1% YoY+5% QoQ
OPM15.0%
NPM10.5%
PAT
+15% YoY▼376 Cr
EPS
-14% YoY▼13.7

Jun 2024

Rev
▲3.4K Cr
+2% YoY+16% QoQ
OPM16.0%
NPM11.8%
PAT
+17% YoY▼401 Cr
EPS
+17% YoY▼20.0

Mar 2024

Rev
▲2.9K Cr
--+84% QoQ
OPM14.0%
NPM16.2%
PAT
--▲475 Cr
EPS
--▲23.4

Dec 2023

Rev
▼1.6K Cr
---55% QoQ
OPM11.0%
NPM8.8%
PAT
--▼141 Cr
EPS
--▼6.3

Sep 2023

Rev
▲3.5K Cr
--+6% QoQ
OPM15.0%
NPM9.1%
PAT
--▼320 Cr
EPS
--▼16.0

Jun 2023

Rev
3.3K Cr
----
OPM14.0%
NPM10.2%
PAT
--338 Cr
EPS
--17.1

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.22
Interest Coverage1.9x
Promoter Pledge0.0%
Borrowings3.2K Cr

Efficiency

Receivable Days34 days
Inventory Days118 days
Payable Days63 days
Cash Conversion cycle90 days

Cash Position

Operating Cash Flow1.6K Cr
Investing Cash Flow-4.0K Cr
Financing Cash Flow2.6K Cr
Free Cash Flow-3.2K Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Jun 2023
Sales7,9328,4807,5656,0664,4264,0043,4573,5743,4092,9361,5963,5373,328
Expenses6,4926,9045,6374,6593,4293,0812,7363,0502,8562,5181,4253,0202,861
Operating Profit1,4401,5771,9281,406997923722525552418171517468
Other Income171180-991611711338889883641052187
Interest70489396435731313448183340
Depreciation33030126724018215389847675747157
Profit Before Tax1,2101,4081,4691,231943845690499531659184435457
Tax %26.0%20.0%25.0%29.0%18.0%24.0%27.0%25.0%24.0%28.0%23.0%26.0%26.0%
Net Profit8921,1261,107878773644507376401475141320338
Exceptional Items--0-29500-40002924900
EPS (Rs)29.636.936.929.325.921.517.113.720.023.46.316.017.1
Sales Growth (YoY)79.0%112.0%119.0%70.0%30.0%36.0%117.0%1.0%2.0%--------
Sales Growth (QoQ)--12.1%24.7%37.0%10.5%15.8%-3.3%4.8%16.1%84.0%-54.9%6.3%--
OP Growth (YoY)44.4%70.9%167.0%167.8%80.6%120.8%322.2%1.5%17.9%--------
OP Growth (QoQ)-8.7%-18.2%37.1%41.0%8.0%27.8%37.5%-4.9%32.1%144.4%-66.9%10.5%--
Profit Growth (YoY)--71.0%158.0%133.0%89.0%130.0%371.0%15.0%17.0%--------
EPS Growth (YoY)--71.3%115.4%113.3%29.8%-8.0%171.4%-14.1%17.2%--------
EPS Growth (QoQ)---0.1%26.1%12.9%20.4%25.6%24.9%-31.3%-14.6%270.4%-60.5%-6.3%--
OP Margin--18.6%25.5%23.2%22.5%23.1%20.9%14.7%16.2%14.2%10.7%14.6%14.1%
Net Margin--13.3%14.6%14.5%17.5%16.1%14.7%10.5%11.8%16.2%8.8%9.1%10.2%
Material Cost %--74.0%64.0%65.0%68.0%68.0%71.0%78.0%76.0%77.0%77.0%80.0%81.0%
Employee Cost %--2.0%2.0%3.0%3.0%3.0%2.0%2.0%2.0%2.0%3.0%1.0%1.0%
P/S2.272.974.57--------------------
P/E17.8621.2030.81--------------------
P/B4.725.458.77--------------------

Shareholding Pattern

Shareholders:6.8L (-11.0%)
Current MixMar 2026

Exchange Filings

50
Board Meeting22 Oct 2026

Waaree Energies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2026 ,inter alia, to consider and approve The Un-Audited Financial Results ....

Company Update06 Oct 2026

Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended September 30, 2026.

Company Update30 Sept 2026

Commencement of Commercial Production by Waaree Power Private Limited, a wholly owned subsidiary of the Company at Sarodhi, Valsad, Gujarat.

Insider Trading / SAST28 Sept 2026

Closure of Trading Window.

Others23 Sept 2026

Outcome of Board Meeting held today i.e., September 23, 2026 regarding Scheme of Amalgamation of Indosolar Limited with Waaree Energies Limited and their respective shareholders pursuant ....

Company Update22 Sept 2026

Intimation regarding schedule of Analyst/ Institutional Investors meet scheduled to be held on Monday, September 28, 2026.

Company Update21 Sept 2026

Intimation of Letter of Award.

Company Update16 Sept 2026

Intimation regarding schedule of Analyst/ Institutional Investors meet scheduled to be held on Monday, September 21, 2026.

Company Update03 Sept 2026

Newspaper Advertisement regarding notice of the 36th Annual General Meeting and E-voting Information.

Insider Trading / SAST03 Sept 2026

The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....

Company Update02 Sept 2026

Enclosed is the letter sent to the shareholders.

Others02 Sept 2026

Business Responsibility and Sustainability Reporting (BRSR).

Others02 Sept 2026

Attached herewith Annual Report for FY 2025-26.

AGM/EGM02 Sept 2026

Enclosed is the Notice of the 36th Annual General Meeting of the Company to be held on September 24, 2026 at 11:00 A.M. (IST).

Company Update31 Aug 2026

Enclosed is the Newspaper Publication regarding the Notice of the 36th Annual General Meeting.

Company Update29 Aug 2026

Consolidation of the Company''s Manufacturing facilities from Tumb & Nandigram to the company''s existing manufacturing facility at Chikli, Gujarat.

Company Update29 Aug 2026

Completion of first term of (5) consecutive years of Ms. Richa Goyal as a Non Executive Independent Director of the Company.

Company Update29 Aug 2026

Appointment of Ms. Mona Bhide as and Additional Non Executive Independent Director of the Company.

Corp. Action29 Aug 2026

Record Date as Friday, September 11, 2026 for the purpose of Final Dividend.

Others29 Aug 2026

Outcome of the Board Meeting held today i.e., Saturday, August 29, 2026.

Company Update28 Aug 2026

Intimation of Letter of Award.

Company Update28 Aug 2026

Disclosure under Regulation of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018.

Company Update24 Aug 2026

Intimation regarding Schedule of Analysts/Institutional Investors Meet scheduled to be held on August 27, 2026.

Company Update20 Aug 2026

Intimation of Plant Visit by Analyst / Institutional Investors scheduled to be held on Tuesday, August 25, 2026.

Company Update13 Aug 2026

Regulation 30- Execution of Joint Venture Agreement by the Subsidiaries of the Company.

Company Update12 Aug 2026

Intimation regarding execution of the Share subscription agreement and Shareholders'' Agreement and Energy Supply Agreement (ESA) by the Wholly owned Subsidiary.

Insider Trading / SAST11 Aug 2026

The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....

Insider Trading / SAST10 Aug 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chimanlal Doshi

Insider Trading / SAST10 Aug 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C T Doshi Family Trust

Insider Trading / SAST10 Aug 2026

The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C T Doshi Trust

Company Update07 Aug 2026

Incorporation of a step down subsidiary company.

Company Update07 Aug 2026

Acquisition.

Company Update06 Aug 2026

Incorporation of a step down subsidiary company.

Company Update06 Aug 2026

Intimation regarding Schedule of Analysts/Institutional Investors Meet scheduled to be held on 11th & 13th August, 2026;.

Company Update06 Aug 2026

Intimation regarding Schedule of Analysts/Institutional Investors Meet scheduled to be held on August 12, 2026.

Company Update06 Aug 2026

Transcript of Analyst/Institutional Investors Meeting on Financial Results for the Quarter ended June 30, 2026.

Result29 Jul 2026

Please find attached herewith Results for the Quarter ended June 30, 2026.

Board Meeting23 Jul 2026

Waaree Energies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve Waaree Energies Limited has ....

Company Update22 Jul 2026

Receipt of Order.

Insider Trading / SAST18 Jul 2026

The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C. T. Doshi Family Trust

Insider Trading / SAST18 Jul 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chimanlal Tribhuvandas Doshi

Insider Trading / SAST18 Jul 2026

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C. T. Doshi Family Trust

Insider Trading / SAST18 Jul 2026

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C. T. Doshi Family Trust

Company Update17 Jul 2026

Receipt of Order

Company Update16 Jul 2026

Intimation regarding the Press Release dated July 16, 2026, titled "Waaree Energy Storage Solutions Commences India''s Advanced Automated BESS Container Manufacturing Facility."

Insider Trading / SAST10 Jul 2026

The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....

Company Update07 Jul 2026

Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended June 30, 2026.

Company Update30 Jun 2026

Receipt of Order.

Company Update28 Jun 2026

Media Statement by the Company titled "Waaree Energies Clarifies U.S. Customs Determination."

Insider Trading / SAST26 Jun 2026

Closure of Trading Window.

Annual Reports

1

2025

Credit Ratings

6
careRating update
19 Mar 2025Report
careRating update
03 Apr 2024Report
crisilRating update
17 Feb 2023Report
crisilRating update
13 Feb 2023Report
careRating update
07 Feb 2023Report
careRating update

Concalls

11

Feb 2026

28 Feb 2026

Jan 2026

31 Jan 2026

Jan 2026

31 Jan 2026

Oct 2025

31 Oct 2025

Aug 2025

31 Aug 2025

May 2025

31 May 2025

Feb 2025

28 Feb 2025

Jan 2025

31 Jan 2025

Nov 2024

30 Nov 2024

Nov 2024

30 Nov 2024

Oct 2024

31 Oct 2024

Held by ETFs

26 ETFs hold WAAREEENER · sorted by weight

#ETFWeight %
1

SELECTIPO

MIRAEAMC - SELECTIPO

1.64%
2

MOIPO

MOTILALAMC - MOIPO

1.64%
3

MIDCAP

KOTAKMAMC - KOTAKMID50

1.06%
4

MOM100

MOTILAL OS MIDCAP100 ETF

0.70%
5

LICNMID100

LICNAMC - LICNMID100

0.70%
6

MIDCAPIETF

ICICIPRAMC - ICICIM150

0.57%
7

MIDCAPETF

MIRAEAMC - MAM150ETF

0.56%
8

MID150CASE

ZERODHAAMC - MID150CASE

0.56%
9

HDFCMID150

HDFCAMC - HDFCMID150

0.56%
10

MID150BEES

NIP IND ETF MIDCAP 150

0.56%
11

MIDCAPADD

DSPAMC - MIDCAPADD

0.56%
12

SBINMID150

SBIAMC - SBINMID150

0.56%
13

MID150

KOTAKMAMC - MID150

0.56%
14

MIDCAPBETA

UTIAMC-MIDCAPBETA

0.56%
15

GROWWMC150

GROWWAMC - GROWWMC150

0.56%
16

EQUAL200

MIRAEAMC - EQUAL200

0.48%
17

ELM250

EDELAMC - ELM250

0.28%
18

ABSLMSCIN

BIRLASLAMC - ABSLMSCIN

0.16%
19

MSCIINDIA

KOTAKMAMC - MSCIINDIA

0.16%
20

MSCIADD

DSPAMC - MSCIADD

0.16%
21

GROWWN200

GROWWAMC - GROWWN200

0.14%
22

MULTICAP

MIRAEAMC - MULTICAP

0.14%
23

AONETOTAL

AONEAMC - AONETOTAL

0.12%
24

HDFCBSE500

HDFCAMC - HDFCBSE500

0.12%
25

MONIFTY500

MOTILALAMC - MONIFTY500

0.12%
26

BSE500IETF

ICICIPRAMC - ICICI500

0.12%

Held by Mutual Funds

55 schemes hold WAAREEENER · sorted by weight

#SchemeWeight %
1

Motilal Oswal BSE Clean Environment Index Fund

Motilal Oswal Mutual Fund

7.23%
2

Motilal Oswal Large and Midcap Fund

Motilal Oswal Mutual Fund

3.86%
3

Motilal Oswal ELSS Tax Saver Fund

Motilal Oswal Mutual Fund

3.64%
4

Motilal Oswal Manufacturing Fund

Motilal Oswal Mutual Fund

2.67%
5

Motilal Oswal Infrastructure Fund

Motilal Oswal Mutual Fund

2.63%
6

Motilal Oswal Special Opportunities Fund

Motilal Oswal Mutual Fund

2.42%
7

Motilal Oswal Quant Fund

Motilal Oswal Mutual Fund

2.27%
8

Kotak Energy Opportunities Fund

Kotak Mahindra Mutual Fund

1.74%
9

JM Midcap Fund

JM Financial Mutual Fund

1.53%
10

Motilal Oswal Midcap Fund

Motilal Oswal Mutual Fund

1.48%
11

Kotak Nifty Midcap 50 Index Fund

Kotak Mahindra Mutual Fund

1.34%
12

Axis Nifty Midcap 50 Index Fund

Axis Mutual Fund

1.26%
13

JM Aggressive Hybrid Fund

JM Financial Mutual Fund

1.25%
14

JM Large & Mid Cap Fund

JM Financial Mutual Fund

0.96%
15

Kotak Manufacture in India Fund

Kotak Mahindra Mutual Fund

0.92%
16

Motilal Oswal Nifty Midcap 150 Index Fund

Motilal Oswal Mutual Fund

0.75%
17

Kotak Nifty Midcap 150 Index Fund

Kotak Mahindra Mutual Fund

0.74%
18

Tata Nifty Midcap 150 Index Fund

Tata Mutual Fund

0.70%
19

UTI Nifty Midcap 150 Index Fund

UTI Mutual Fund

0.69%
20

SBI Nifty Midcap 150 Index Fund

SBI Mutual Fund

0.69%
21

HDFC NIFTY Midcap 150 Index Fund

HDFC Mutual Fund

0.69%
22

Bandhan Nifty Midcap 150 Index Fund

Bandhan Mutual Fund

0.69%
23

Baroda BNP Paribas Nifty Midcap 150 Index Fund

Baroda BNP Paribas Mutual Fund

0.69%
24

ICICI Prudential Nifty Midcap 150 Index Fund

ICICI Prudential Mutual Fund

0.69%
25

ITI Large & Mid Cap Fund

ITI Mutual Fund

0.37%
26

Mirae Asset Equity Savings Fund

Mirae Asset Mutual Fund

0.36%
27

ICICI Prudential Nifty LargeMidcap 250 Index Fund

ICICI Prudential Mutual Fund

0.34%
28

Edelweiss NIFTY Large Mid Cap 250 Index Fund

Edelweiss Mutual Fund

0.34%
29

HDFC Nifty LargeMidcap 250 Index Fund

HDFC Mutual Fund

0.34%
30

Motilal Oswal Arbitrage Fund

Motilal Oswal Mutual Fund

0.32%
31

JM Arbitrage Fund

JM Financial Mutual Fund

0.31%
32

Edelweiss Nifty LargeMidcap250 Plus 8-13 Yr G-Sec 70:30 Index Fund

Edelweiss Mutual Fund

0.24%
33

Canara Robeco Large and Mid Cap Fund

Canara Robeco Mutual Fund

0.20%
34

Nippon India Nifty 500 Equal Weight Index Fund

Nippon India Mutual Fund

0.20%
35

HDFC Nifty500 Multicap 50:25:25 Index Fund

HDFC Mutual Fund

0.17%
36

ICICI Prudential Arbitrage Direct-Growth

ICICI Prudential Mutual Fund

0.16%
37

Motilal Oswal Nifty 500 Index Fund

Motilal Oswal Mutual Fund

0.16%
38

Aditya Birla Sun Life Arbitrage Fund

Aditya Birla Sun Life Mutual Fund

0.15%
39

HDFC BSE 500 Index Fund

HDFC Mutual Fund

0.15%
40

Axis Nifty 500 Index Fund

Axis Mutual Fund

0.14%
41

ICICI Prudential Nifty 500 Index Fund

ICICI Prudential Mutual Fund

0.14%
42

SBI Nifty 500 Index Fund

SBI Mutual Fund

0.14%
43

Bandhan Nifty Total Market Index Fund

Bandhan Mutual Fund

0.14%
44

Groww Nifty Total Market Index Fund

Groww Mutual Fund

0.14%
45

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.14%
46

HDFC Large and Mid Cap Fund

HDFC Mutual Fund

0.10%
47

Invesco India Arbitrage Fund

Invesco Mutual Fund

0.09%
48

Axis Arbitrage Fund

Axis Mutual Fund

0.03%
49

Bandhan Arbitrage Fund

IDFC Mutual Fund

0.02%
50

UTI Arbitrage Fund

UTI Mutual Fund

0.01%
51

Tata Arbitrage Fund

Tata Mutual Fund

0.01%
52

HDFC Arbitrage Fund

HDFC Mutual Fund

0.01%
53

Nippon India Arbitrage Fund

Nippon India Mutual Fund

0.00%
54

Edelweiss Arbitrage Fund

Edelweiss Mutual Fund

0.00%
55

Kotak Arbitrage Fund

Kotak Mahindra Mutual Fund

0.00%