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Waaree Energies

Waaree Energies Latest Share Price (WAAREEENER)

NSE: WAAREEENERBSE 544277Capital GoodsOther Electrical Equipmentwaaree.com
TechnicalsTV Chart
2,678.20
3.20+0.12%
Overall Score61/100
Day range2,673
₹2,678.20
2,727
52-week2,403
₹2,678.20
3,865
Above low+11.5%
Below high30.7%
Range position19%
Open2,672.90
Prev Close2,675.00
Bid2,678.07180
Ask2,678.33112

TODAY IN ONE LINE

WAAREEENER is little changed at ₹2678.20 on light volume — a quiet consolidation day, supported by recent strong earnings.

With a market cap of ₹77,234.38 Cr., it trades at a P/E of 20.20. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.

Volume449.8K43%vs 20D avg
Market Cap₹77,234.38 Cr.
Promoter64.1%
Face Value₹10
Fwd P/E17.49
PEG0.23
EV/EBITDA16.43
P/S3.1
ROA12.33%
Beta1.07
Div Payout1.55%
THE STOCK SCORE
Overall Score61/100
Updated 22 Aug

How good is this company?

Overall performance across 5 key dimensions.

Each card tappable → shows formula + inputs
FLAGS & NEWS

Waaree Energies flags & news 

Key strengths, potential risks, and recent updates.

9 green flags🚩 0 red flags

Green Flags

  • Earnings GrowthEPS (TTM) grew by a solid 71.2% YoY
  • Quarterly OutperformanceLatest quarter Sales up 79.2% and Profit up 14.1%
  • High Capital EfficiencyROCE of 38.8% indicating pricing power
  • Strong Return on EquityHealthy ROE of 32.8%
  • Healthy Operating MarginsOPM is structurally strong at 21.1%
  • High Promoter HoldingPromoters hold 64.1% skin-in-the-game
  • Virtually Debt-FreeVery low Debt-to-Equity of 0.22x
  • FII AccumulationFII holding increased by 1.51% QoQ
  • Zero Pledge RiskNo recent active promoter pledging found

Red Flags

No red flags identified

Latest Waaree Energies News

THE CHANGELOG

What changed recently?

Recent events, corporate actions, and announcements.

20 AUG 2026
corporate
Analysts/Institutional Investor Meet/Con. Call Updates - Waaree Energies Limited has informed the Exchange about Plant Visit scheduled to be held on Tuesday,...
View PDF
🔒Prime: full history + alerts on this stock
Valuation

Waaree Energies Ltd valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for Waaree Energies Ltd, framed against the sector median so the premium or discount is obvious at a glance.

Waaree Energies Ltd trades at a P/E of 20.20× and P/B of 5.34×.

Key MetricsMarket + reported · 21 Aug 2026Consolidated

Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.

Valuation

Valuation

Market Cap
₹77,234.38 Cr.
P/E Ratio
20.2
P/B Ratio
5.34
EPS
₹133
Profitability

Profitability

ROE
32.8%
ROCE
38.8%
Net Margin
14.25%
Op Margin
21.1%
Growth

Growth

EPS YoY
71.2%
Revenue YoY
111.8%
Qtr Sales
79.2%
Qtr Profit
14.1%
Financial Health

Financial Health

Debt / Equity
0.22
Book Value
₹502
Div Yield
0.07%
Promoter Holding
64.1%
Technicals

Waaree Energies Ltd technical analysis: indicators, pivots and CPR.

Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for Waaree Energies Ltd — derived from the latest tape, not yesterday's close.

Waaree Energies Ltd last traded at ₹2,678.2 with an intraday range of ₹2,672.8–₹2,727 — latest indicator, pivot and CPR signals below.

Last updated: 24 August 2026, 4:08 pm IST

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Last: ₹2678.20
LevelPrice (₹)Distance% Δ
R42820.93+142.73+5.33%
R32766.73+88.53+3.31%
R22746.87+68.67+2.56%
R12712.53+34.33+1.28%
PIVOT2692.6714.470.54%
CURRENT2678.20
S12658.33-19.87-0.74%
S22638.47-39.73-1.48%
S32604.13-74.07-2.77%
S42549.93-128.27-4.79%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 2685.43P: 2692.67TC: 2699.90
R1
R2
R3
R4
indicator
LTP: 2678.20
PDH: 2712.00
PDL: 2664.40
● Market Sentiment

WAAREEENER is trading Below CPR, indicating Bearishness

● CPR Width

CPR is Wider, suggesting unlikely for trending moves

● Opening Range

Day's range: 2672.82727

● Price Position

Trading Inside opening range

Financials

Waaree Energies Ltd financials: P&L, balance sheet, cash flow, ratios.

Reported annual and quarterly results for Waaree Energies Ltd — consolidated or standalone — with margins, YoY growth and key ratios inline.

Waaree Energies Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹77,234.38 Cr. and reported EPS of ₹133.00.

iTap any row for a plain-English meaningChange vs a year ago — green means the move is healthy for that line, red means it isn’tDerivedCalculated by us, not reported directly
Mobile view
Latest vs previous year
MetricMar 2025Mar 2026
Revenue from Operations14,445
26,537
83.7%
Sales Growth YoY %Derived
83.72%
Other Income402
708
76.3%
Total Income14,846
27,245
83.5%
10,190
16,544
62.4%
Gross ProfitDerived4,255
9,993
134.9%
Gross Margin %Derived29.46%
37.66%
1,533
4,084
166.4%
EBITDA (Operating Profit)Derived2,722
5,909
117.1%
OPM %Derived18.84%
22.27%
551
975
77.2%
Profit Before Tax (PBT)2,565
5,052
97.0%
637
1,168
83.4%
Effective Tax %Derived24.82%
23.11%
Total Profit for Period1,928
3,884
101.4%
Less: Non-controlling Interests61
173
184.6%
Net Profit (Owner's PAT)Derived1,867
3,711
98.7%
Net Profit Margin %Derived12.93%
13.99%
PAT Growth YoY %Derived
98.74%
Earnings Per Share (EPS ₹)65.00
129.02
98.5%
Diluted Shares Outstanding (Cr)29
29
0.1%
Other Comprehensive Income (Net of Tax)1
-2
257.0%
Total Expenses (incl. D&A & Interest)12,281
22,193
80.7%
Material Cost % of RevenueDerived57.21%
63.73%
Employee Cost % of RevenueDerived2.20%
2.26%
Other Cost % of RevenueDerived8.41%
13.13%
Interest Coverage (x)Derived15.25x
17.54x
all values in ₹ Cr unless marked % / x / ₹ · fiscal-period end shown · reported figures via Stockezee financials API · annual results may be audited; quarterly results may be unaudited or limited-review
Segment Analysis

Waaree Energies segment analysis : revenue and profit mix.

Disclosed business segments at Waaree Energies with their share of revenue and profit, switchable between consolidated and standalone reporting.

Waaree Energies discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Thesis

The Bull, Bear, and Flip case for Waaree Energies Ltd.

Our AI distills the core fundamental drivers supporting Waaree Energies Ltd, the risks that threaten it, and the quantitative conditions that could weaken the thesis.

Waaree Energies Ltd's investment case rests on 13 positive markers and 13 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • TTM revenue growth 111.8% YoY demonstrates explosive market expansion in solar modules.

  • Latest quarterly EPS grew 71.4% YoY; TTM EPS grew 71.2% YoY, exceptional earnings momentum.

  • Operating margin 18.54% TTM significantly outpaces peer average 16.2%, pricing power evident.

  • ROE 32.80% and ROCE 38.80% reflect superior capital efficiency versus peer medians.

  • Debt-to-equity 0.0022x with ₹0.03 LCr total debt signals conservative leverage and flexibility.

bear case

Key Risks.

  • Operating cash flow ₹642 Cr trails PAT ₹3,926 Cr significantly, cash conversion concern evident.

  • Payout ratio 155.22% unsustainable, exceeds net income generation and strains cash reserves.

  • Dividend yield 0.07% minimal, unlikely to attract income-focused investors seeking returns.

  • Price-to-book 5.38x premium valuation relative to historical norms and peer medians.

  • Beta 1.08 indicates 8% higher volatility than Nifty 50, elevated systematic risk exposure.

flip conditions

Flip Conditions.

  • Valuation risk. a P/E above 26 would leave less room for earnings disappointment.

  • Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.

  • Return-quality risk. ROE below 28% would indicate weaker capital compounding.

Shareholding

Waaree Energies shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in Waaree Energies — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

AnnualJun 2026

Promoters64.12%0.07%
Public23.23%1.21%
FII8.57%1.52%
DII4.08%0.24%

Ownership Distribution

Promoters
64.12%
Retail & Public
23.23%
Foreign Institutions
8.57%
Domestic Institutions
4.08%

Category Trends

Foreign Institutions Breakdown
Total Holding: 8.57%
Net Change: +1.52%
Category Total8.57%
Total Holding8.57%
Net Change+1.52%
Aggregate Data
Institution Name
Trend (Last 6)
Holding %
QoQ Change
YoY ChangePeriod

Foreign Institutions: 8.57%

Individual institutional breakdown is not disclosed by the company, but aggregate holding data is shown above.

💡 This category has 8.57% total holding without detailed institution-wise disclosure
Peers

Waaree Energies Ltd peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Waaree Energies Ltd is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
Tata Motors Ltd
₹1.74 Lakh Cr
Best Profit Growth
Welspun Specialty Solutions Ltd
788.00 %
Highest Dividend Yield
Rubfila International Limited
2.58 %

Peer Comparison

Company Name
09 · Chart Patterns

Waaree Energies Ltd chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for Waaree Energies Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

Delivery Conviction

Waaree Energies Ltd delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for Waaree Energies Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in Waaree Energies Ltd stood at 36.6% of traded volume, against a 20-day average of 41.6%.

Avg Delivery (20D)41.6%-4.9 ppt latest vs avg
Highest Delivery54.1%on 06 Aug
Avg Volume (20D)7.96 L20-day run-rate
Conviction Trend↑ Strengthening-4.9 ppt latest read
Volume & Delivery · last 20 sessions
Exchange Filings & Investor Updates

Waaree Energies announcements: results, concalls, ratings, M&A.

Filings Waaree Energies sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

Waaree Energies files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 316 documents below.

  1. 20 Aug 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Waaree Energies Limited has informed the Exchange about Plant Visit scheduled to be held on Tuesday, August 25, 2026.

  2. 13 Aug 2026Arrangements for strategic, technical, manufacturing, or marketing tie upView PDF

    Arrangements for strategic, technical, manufacturing, or marketing tie up

    Waaree Energies Limited has informed the Exchange about Intimation under Regulation 30 - Execution of Joint Venture Agreement by the subsidiaries of…

  3. 12 Aug 2026General UpdatesView PDF

    General Updates

    Waaree Energies Limited has informed the Exchange about Intimation regarding execution of the Share Subscription and Shareholders' Agreement (SSHA)…

  4. 07 Aug 2026Disclosure under SEBI Takeover RegulationsView PDF

    Disclosure under SEBI Takeover Regulations

    C T Doshi Family Trust has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any…

  5. 07 Aug 2026General UpdatesView PDF

    General Updates

    Waaree Energies Limited has informed the Exchange about Incorporation of Step - Down Subsidiary.

Corporate Actions

Waaree Energies dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue Waaree Energies has declared, sequenced by announce and record date.

Waaree Energies corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

About the Company

About Waaree Energies Ltd: business, sector, key facts.

What Waaree Energies Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

Waaree Energies Ltd operates in the Other Electrical Equipment industry under the Capital Goods sector, listed as NSE: WAAREEENER, BSE: 544277.

WAAREEENER
Capital Goods

Waaree Energies Ltd

NSE · WAAREEENER·BSE · 544277·waaree.com

Waaree Energies Limited is a prominent player in the Indian solar energy sector, specializing in the manufacturing and export of solar photovoltaic (PV) modules. Their products cater to a diverse range of applications, encompassing residential, commercial, industrial, and institutional projects. This broad market reach allows Waaree to leverage various market segments and potentially mitigate risks associated with dependence on a single sector.

The company's business operations are structured around three core segments. The largest segment is the manufacturing of solar PV modules, offering a wide array of technologies including HJT, TOPCon, mono PERC, polycrystalline, flexible, and special modules. This diverse portfolio allows them to offer customized solutions based on specific project requirements and client preferences, enhancing their competitiveness in the market. The technological breadth demonstrates a commitment to innovation and adaptation to evolving industry trends.

Beyond module manufacturing, Waaree also provides comprehensive Engineering, Procurement, and Construction (EPC) services along with Operation and Maintenance (O&M) solutions. This vertical integration enables them to offer complete turnkey solutions to their clients, simplifying the process and potentially lowering costs. The EPC and O&M segments complement the manufacturing division, creating a more holistic and potentially more profitable business model. This approach allows Waaree to control quality and project timelines more effectively.

Finally, Waaree operates as an Independent Power Producer (IPP), generating and supplying renewable energy to the grid. This segment adds another layer of diversification to their business, reducing reliance on solely selling modules and services. By generating their own power, Waaree gains valuable operational experience and firsthand knowledge of the energy market, which can inform their other business segments. This also positions them as a key stakeholder in India's transition to renewable energy sources.

In addition to the core segments, Waaree offers a range of supplementary solar products including off-grid and on-grid inverters, solar streetlights, water heaters, and water pumps. This product diversification further strengthens their market position and provides additional revenue streams. The company’s long history, dating back to 1989, underscores its experience and established presence in the Indian solar industry. Based in Mumbai, India, Waaree is strategically positioned to participate in the growth of the Indian solar energy market.

company facts
Employees
SectorCapital Goods
HeadquartersMumbai, India
Market Cap₹77,234.38 Cr.
Listed OnNSE
leadership21 on record
Ashish Sharma
President
Mr. Abhishek Dev Kishan Pareek CA
Chief Financial Officer
Mr. Amit Paithankar
Chief Executive Officer, Whole-Time Director
Mr. Aniruddha Arvind Khekale
Chief Human Resources Officer
Mr. Avadhut Chandrakant Parab
Chief Information Officer
Mr. Hitesh Chimanlal Doshi
MD & Chairman
Mr. Hitesh Doshi
Executive Chairman of the Board, Managing Director
Mr. Hitesh Mehta
Whole Time Director
Mr. Hitesh Pranjivan Mehta
Whole-time Director
Mr. Jayesh Shah
Independent Director
Mr. Jignesh Devchandbhai Rathod
CEO & Whole-Time Director
Mr. Manoj Kumar Sinsinwar
Chief Legal Officer
§ ∞ · Plainly Answered

Questions investors ask about Waaree Energies Ltd (WAAREEENER).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of Waaree Energies Ltd (WAAREEENER)?

The current share price of Waaree Energies Ltd (WAAREEENER) is ₹2,678.20. Today, the stock has gained by ₹3.20 (0.12%), trading in a range of ₹2,672.80 to ₹2,727.00. The stock opened at ₹2,672.90 with a trading volume of 4,49,753 shares.

02Is Waaree Energies Ltd stock a good investment for long-term?

Waaree Energies Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹77,234.38 Cr., P/E ratio of 20.2, ROE of 32.8%, and ROCE of 38.8%. The dividend yield stands at 0.07%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.

03What is the 52-week high and low price of Waaree Energies Ltd stock?

The 52-week high price of Waaree Energies Ltd (WAAREEENER) is ₹3,865.00, while the 52-week low is ₹2,403.00. Currently trading at ₹2,678.20, the stock is 11.45% above its 52-week low and 30.71% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.

04Should I buy Waaree Energies Ltd stock at the current price?

Whether to buy Waaree Energies Ltd stock at ₹2,678.20 depends on multiple factors. The stock is currently trading with a P/E ratio of 20.2 and P/B ratio of 5.34. Today's performance shows a gain of 0.12%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.

05What is the dividend yield of Waaree Energies Ltd and when is the next dividend?

Waaree Energies Ltd offers a dividend yield of 0.07%, which means for every ₹100 invested at the current price of ₹2,678.20, you can expect to receive approximately ₹0.07 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.

06What are the key financial ratios and metrics of Waaree Energies Ltd?

Waaree Energies Ltd's key financial metrics include: P/E Ratio: 20.2, P/B Ratio: 5.34, ROE: 32.8%, ROCE: 38.8%, Dividend Yield: 0.07%, EPS: ₹133.00, Book Value: ₹502.00, and Debt-to-Equity: 0.22. The company's market cap stands at ₹77,234.38 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is Waaree Energies Ltd stock performing today in the market?

Waaree Energies Ltd stock opened at ₹2,672.90 and is currently trading at ₹2,678.20, showing a gain of ₹3.20 (0.12%). The intraday high is ₹2,727.00 and low is ₹2,672.80. The trading volume stands at 4,49,753 shares, indicating moderate market participation today.

08What is the P/E ratio of Waaree Energies Ltd and what does it indicate?

Waaree Energies Ltd has a Price-to-Earnings (P/E) ratio of 20.2, which means investors are willing to pay 20.20 for every ₹1 of earnings. With an EPS of ₹133.00, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.

Disclaimer

The data, ratios and commentary about Waaree Energies Ltd (WAAREEENER) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.