Waaree Energies Limited Share Price & Analysis
₹3,051Updated 5 Jun 2026, 03:30 pm IST
LTP
₹3,051
—
Open
₹3,084.7
High
₹3,109.7
Low
₹3,031.7
Close
₹3,071.6
52W High
₹3,865
52W Low
₹2,402
Volume
726K
Lot Size
175
Sector
Capital Goods
Market Cap
₹89K Cr
Face Value
₹10
Large CapNIFTY 200NIFTY 500MIDCAP 100
Price Chart
Fundamentals
P/E
22.7
Sector P/E
53.3
P/B
6.08
EPS
₹113.71
ROE
32.8%
ROCE
38.8%
D/E Ratio
0.22
Div Yield
0.06%
Book Value
₹502
+
Strengths
- ✓Excellent return on equity (ROE 32.8%)
- ✓Efficient capital deployment (ROCE 38.8%)
- ✓Attractively valued vs sector (P/E 22.7x vs industry 53.3x)
- ✓Low debt relative to equity (D/E 0.2x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BEL Bharat Electronics Limited | ₹408 | ₹3.0L Cr | 49.2 | 12.44 | 27.6 | 36.5 | 0 |
| HAL Hindustan Aeronautics Limited | ₹4,216 | ₹2.9L Cr | 31.4 | 6.87 | 24 | 32 | 0 |
| CUMMINSIND Cummins India Limited | ₹5,776 | ₹1.6L Cr | 65.3 | 18.88 | 30.2 | 39.5 | 0 |
| ABB ABB India Limited | ₹7,160 | ₹1.5L Cr | 99.4 | 19.35 | 22.4 | 29.9 | 0.01 |
| POLYCAB Polycab India Limited | ₹9,670 | ₹1.4L Cr | 53.7 | 12.12 | 24.5 | 34.3 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹387 | ₹1.4L Cr | 89.4 | 5.15 | 6.29 | 8.51 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹938 | ₹1.4L Cr | 116 | 18.54 | 20.8 | 27 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
WAAREEENER · as of Mar 2026
Promoters64.19%▼0.03
FII7.06%▲0.15
DII4.32%▲1.46
Public24.44%▼1.57
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 64.31% | 64.31% | 64.31% | 64.22% | 64.22% | 64.19% |
| FII | 1.40% | 0.70% | 2.68% | 6.35% | 6.91% | 7.06% |
| DII | 2.70% | 2.46% | 2.86% | 2.82% | 2.86% | 4.32% |
| Public | 31.58% | 32.53% | 30.15% | 26.60% | 26.01% | 24.44% |
Corporate Events
Waaree Energies Limited has informed the Exchange that in continuation to our earlier intimation dated April 21, 2026, the Board of Directors shall also consider and approve the proposal of raising of funds.
Board Mtg28 Apr 2026
Waaree Energies Limited has informed the Exchange that the meeting of the Board of Directors of the Company is scheduled to be held on 29/04/2026 ,inter alia, to consider and approve the Audited Financial Results (Standalone And Consolidated) of the Compa
Results28 Apr 2026
Waaree Energies Limited has informed the Exchange that the Board of Directors at its meeting scheduled to be held on Wednesday, April 29, 2026, will consider recommendation of Final Dividend for the Financial Year 2025 - 26, if any.
Dividend28 Apr 2026
Interim Dividend - Rs 2 Per Share
Dividend23 Oct 2025
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7.6K Cr ▲24.7% | ₹6.1K Cr ▲37.1% | ₹4.4K Cr ▲10.5% | ₹4.0K Cr ▲15.8% | ₹3.5K Cr ▼3.3% | ₹3.6K Cr ▲4.8% | ₹3.4K Cr ▲16.1% | ₹2.9K Cr |
| Op. Profit | ₹1.9K Cr ▲37.1% | ₹1.4K Cr ▲41.0% | ₹997 Cr ▲8.0% | ₹923 Cr ▲27.8% | ₹722 Cr ▲37.5% | ₹525 Cr ▼4.9% | ₹552 Cr ▲32.1% | ₹418 Cr |
| OPM | 25.0% ▲8.7% | 23.0% ▲0.0% | 23.0% ▲0.0% | 23.0% ▲9.5% | 21.0% ▲40.0% | 15.0% ▼6.3% | 16.0% ▲14.3% | 14.0% |
| Net Profit | ₹1.1K Cr ▲26.1% | ₹878 Cr ▲13.6% | ₹773 Cr ▲20.0% | ₹644 Cr ▲27.0% | ₹507 Cr ▲34.8% | ₹376 Cr ▼6.2% | ₹401 Cr ▼15.6% | ₹475 Cr |
| EPS (₹) | 36.94 ▲26.1% | 29.29 ▲12.9% | 25.94 ▲20.4% | 21.54 ▲25.6% | 17.15 ▲24.9% | 13.73 ▼31.3% | 19.99 ▼14.6% | 23.41 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹26.5K Cr ▲83.7% | ₹14.4K Cr ▲26.7% | ₹11.4K Cr ▲68.8% | ₹6.8K Cr ▲136.5% | ₹2.9K Cr ▲46.1% | ₹2.0K Cr ▼2.2% | ₹2.0K Cr |
| Expenses | ₹20.6K Cr ▲76.0% | ₹11.7K Cr ▲19.3% | ₹9.8K Cr ▲66.1% | ₹5.9K Cr ▲115.2% | ₹2.7K Cr ▲47.1% | ₹1.9K Cr ▼1.8% | ₹1.9K Cr |
| Op. Profit | ₹5.9K Cr ▲117.1% | ₹2.7K Cr ▲72.9% | ₹1.6K Cr ▲88.3% | ₹836 Cr ▲688.7% | ₹106 Cr ▲24.7% | ₹85 Cr ▼8.6% | ₹93 Cr |
| OPM | 22.0% ▲15.8% | 19.0% ▲35.7% | 14.0% ▲16.7% | 12.0% ▲200.0% | 4.0% ▲0.0% | 4.0% ▼20.0% | 5.0% |
| Other Income | ₹413 Cr ▲3.8% | ₹398 Cr ▼30.9% | ₹576 Cr ▲554.5% | ₹88 Cr ▼9.3% | ₹97 Cr ▲115.6% | ₹45 Cr ▲80.0% | ₹25 Cr |
| Interest | ₹280 Cr ▲84.2% | ₹152 Cr ▲8.6% | ₹140 Cr ▲70.7% | ₹82 Cr ▲100.0% | ₹41 Cr ▲32.3% | ₹31 Cr ▼8.8% | ₹34 Cr |
| Depreciation | ₹990 Cr ▲146.3% | ₹402 Cr ▲45.1% | ₹277 Cr ▲68.9% | ₹164 Cr ▲281.4% | ₹43 Cr ▲48.3% | ₹29 Cr ▲7.4% | ₹27 Cr |
| PBT | ₹5.1K Cr ▲97.0% | ₹2.6K Cr ▲47.9% | ₹1.7K Cr ▲156.1% | ₹677 Cr ▲473.7% | ₹118 Cr ▲68.6% | ₹70 Cr ▲22.8% | ₹57 Cr |
| Tax % | 23.0% ▼8.0% | 25.0% ▼7.4% | 27.0% ▲3.8% | 26.0% ▼21.2% | 33.0% ▲6.5% | 31.0% ▲0.0% | 31.0% |
| Net Profit | ₹3.9K Cr ▲101.5% | ₹1.9K Cr ▲51.3% | ₹1.3K Cr ▲154.8% | ₹500 Cr ▲525.0% | ₹80 Cr ▲66.7% | ₹48 Cr ▲23.1% | ₹39 Cr |
| EPS (₹) | 129.02 ▲98.5% | 65 ▲3.6% | 62.76 ▲156.3% | 24.49 ▲537.8% | 3.84 ▲53.6% | 2.5 ▲17.9% | 2.12 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||
| Equity Capital | ₹288 Cr ▲0.0% | ₹288 Cr ▲0.3% | ₹287 Cr ▲9.1% | ₹263 Cr ▲8.2% | ₹243 Cr ▲23.4% | ₹197 Cr ▲0.0% | ₹197 Cr ▲0.0% | ₹197 Cr |
| Reserves | ₹14.2K Cr ▲26.4% | ₹11.2K Cr ▲21.8% | ₹9.2K Cr ▲140.3% | ₹3.8K Cr ▲139.8% | ₹1.6K Cr ▲590.5% | ₹231 Cr ▲56.1% | ₹148 Cr ▲46.5% | ₹101 Cr |
| Borrowings | ₹3.2K Cr ▲9.2% | ₹2.9K Cr ▲145.3% | ₹1.2K Cr ▲116.8% | ₹553 Cr ▲72.8% | ₹320 Cr ▼11.8% | ₹363 Cr ▲6.8% | ₹340 Cr ▲116.6% | ₹157 Cr |
| Other Liabilities | ₹12.5K Cr ▲22.2% | ₹10.2K Cr ▲13.0% | ₹9.0K Cr ▲36.1% | ₹6.6K Cr ▲26.5% | ₹5.2K Cr ▲285.2% | ₹1.4K Cr ▲128.5% | ₹596 Cr ▲23.4% | ₹483 Cr |
| Total Liabilities | ₹30.1K Cr ▲22.3% | ₹24.6K Cr ▲25.0% | ₹19.7K Cr ▲74.7% | ₹11.3K Cr ▲52.3% | ₹7.4K Cr ▲243.8% | ₹2.2K Cr ▲68.1% | ₹1.3K Cr ▲36.6% | ₹938 Cr |
| Assets | ||||||||
| Fixed Assets | ₹7.3K Cr ▲18.6% | ₹6.2K Cr ▲52.6% | ₹4.1K Cr ▲179.4% | ₹1.4K Cr ▲31.2% | ₹1.1K Cr ▲76.8% | ₹625 Cr ▲119.3% | ₹285 Cr ▲87.5% | ₹152 Cr |
| CWIP | ₹3.5K Cr ▲83.5% | ₹1.9K Cr ▲0.5% | ₹1.9K Cr ▲40.5% | ₹1.3K Cr ▲149.7% | ₹537 Cr ▲333.1% | ₹124 Cr ▲4033.3% | ₹3 Cr ▼92.5% | ₹40 Cr |
| Investments | ₹953 Cr ▲275.2% | ₹254 Cr ▲290.8% | ₹65 Cr ▼8.5% | ₹71 Cr ▲129.0% | ₹31 Cr ▼78.3% | ₹143 Cr ▲24.3% | ₹115 Cr ▲35.3% | ₹85 Cr |
| Other Assets | ₹18.4K Cr ▲12.7% | ₹16.3K Cr ▲18.9% | ₹13.7K Cr ▲62.9% | ₹8.4K Cr ▲46.8% | ₹5.7K Cr ▲354.2% | ₹1.3K Cr ▲43.7% | ₹878 Cr ▲32.8% | ₹661 Cr |
| Total Assets | ₹30.1K Cr ▲22.3% | ₹24.6K Cr ▲25.0% | ₹19.7K Cr ▲74.7% | ₹11.3K Cr ▲52.3% | ₹7.4K Cr ▲243.8% | ₹2.2K Cr ▲68.1% | ₹1.3K Cr ▲36.6% | ₹938 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.6K Cr ▼48.5% | ₹3.2K Cr ▲37.0% | ₹2.3K Cr ▲47.8% | ₹1.6K Cr ▲123.5% | ₹698 Cr ▲941.8% | ₹67 Cr ▼19.3% | ₹83 Cr |
| Investing CF | ₹-4.0K Cr ▲41.9% | ₹-6.8K Cr ▼103.4% | ₹-3.3K Cr ▼60.2% | ₹-2.1K Cr ▼210.3% | ₹-673 Cr ▼169.2% | ₹-250 Cr ▼1036.4% | ₹-22 Cr |
| Financing CF | ₹2.6K Cr ▼36.2% | ₹4.0K Cr ▲344.0% | ₹909 Cr ▲41.6% | ₹642 Cr ▲535.6% | ₹101 Cr ▼37.3% | ₹161 Cr ▲422.0% | ₹-50 Cr |
| Net Cash Flow | ₹247 Cr ▼36.3% | ₹388 Cr ▲393.9% | ₹-132 Cr ▼215.8% | ₹114 Cr ▼9.5% | ₹126 Cr ▲700.0% | ₹-21 Cr ▼275.0% | ₹12 Cr |
| Free Cash Flow | ₹-3.2K Cr ▼2714.9% | ₹-114 Cr ▼111.8% | ₹968 Cr ▲38.7% | ₹698 Cr ▲245.5% | ₹202 Cr ▲677.1% | ₹-35 Cr ▼209.4% | ₹32 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 34d ▲13.3% | 30d ▼3.2% | 31d ▲82.4% | 17d ▲41.7% | 12d ▼45.5% | 22d ▼15.4% | 26d |
| Inventory Days | 118d ▲22.9% | 96d ▼11.1% | 108d ▼43.8% | 192d ▲125.9% | 85d ▲2.4% | 83d ▲53.7% | 54d |
| Days Payable | 63d ▼30.8% | 91d ▲8.3% | 84d ▼41.3% | 143d ▲72.3% | 83d ▼16.2% | 99d ▲47.8% | 67d |
| Cash Conv. Cycle | 90d ▲157.1% | 35d ▼36.4% | 55d ▼16.7% | 66d ▲371.4% | 14d ▲133.3% | 6d ▼53.8% | 13d |
| Working Capital Days | -26d ▲70.1% | -87d ▼117.5% | -40d ▲39.4% | -66d ▲21.4% | -84d ▼4300.0% | 2d ▼80.0% | 10d |
| ROCE | 39.0% ▲11.4% | 35.0% ▼20.5% | 44.0% ▼15.4% | 52.0% ▲147.6% | 21.0% ▲31.3% | 16.0% | — |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Waaree Energies Limited
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.
Capital Goods · Electrical Equipment
Related Analysis
Frequently Asked Questions
What is Waaree Energies Limited share price today?▾
Waaree Energies Limited (WAAREEENER) is currently trading at ₹3,051 on NSE, as of the last market session. Prices update daily after market close on MarketNetra.
Is Waaree Energies Limited available in F&O (Futures & Options)?▾
Yes, Waaree Energies Limited (WAAREEENER) is part of the NSE F&O segment with a lot size of 175 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
What is Waaree Energies Limited 52-week high and low?▾
Waaree Energies Limited's 52-week high is ₹3,865 and the 52-week low is ₹2,402. The current price of ₹3,051 is 21.1% below the 52W high.
What is Waaree Energies Limited P/E ratio?▾
Waaree Energies Limited's current P/E ratio is 22.7. This indicates the market is paying ₹22.7 for every ₹1 of earnings. Compare this to the sector average to assess relative valuation.
How to trade Waaree Energies Limited options?▾
Waaree Energies Limited options are traded on NSE with monthly expiry contracts (lot size: 175 shares). To trade WAAREEENER options: select your expiry on the option chain page, identify key OI strikes, check the PCR and buildup type on OI analysis, and review FII/DII flows for institutional sentiment before taking a position.