Waaree Energies
Waaree Energies Share Price Chart
Waaree Energies last traded at ₹2,341.70 (2026-10-13). Over the past month the stock moved -8.0%, three months the stock moved -24.2%, year the stock moved -35.6%. Its closing range over 52 weeks is ₹2,320.10 – ₹3,535.30, with the latest close 33.8% below the high.
Closing prices up to 2026-10-13.
About Waaree Energies
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.
Market Leadership [1] The company is the Largest Non-Chinese module manufacturer in the world.
Fundamentals
Quarterly Results
In the latest quarter (Jun 2026), Waaree Energies reported sales of ₹7,932.00 crore (+79.2%) and net profit of ₹892.00 crore (+15.4%), compared with the same quarter last year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Jun 2026 | 7,932 | 1,440 | 18.00 | 892.00 | 29.56 |
| Mar 2026 | 8,480 | 1,577 | 19.00 | 1,126 | 36.89 |
| Dec 2025 | 7,565 | 1,928 | 25.00 | 1,107 | 36.94 |
| Sep 2025 | 6,066 | 1,406 | 23.00 | 878.00 | 29.29 |
| Jun 2025 | 4,426 | 997.00 | 23.00 | 773.00 | 25.94 |
| Mar 2025 | 4,004 | 923.00 | 23.00 | 644.00 | 21.54 |
| Dec 2024 | 3,457 | 722.00 | 21.00 | 507.00 | 17.15 |
| Sep 2024 | 3,574 | 525.00 | 15.00 | 376.00 | 13.73 |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +1.0% | +116.6% | +36.4% | +29.8% | +69.7% | +118.8% | +111.8% | +79.2% |
| Operating profit growth | +1.5% | +322.2% | +120.8% | +80.6% | +167.8% | +167.0% | +70.9% | +44.4% |
| Net profit growth | +17.5% | +259.6% | +35.6% | +92.8% | +133.5% | +118.3% | +74.8% | +15.4% |
| EPS growth | -14.1% | +171.4% | -8.0% | +29.8% | +113.3% | +115.4% | +71.3% | +14.0% |
| OPM % | 15.0% | 21.0% | 23.0% | 23.0% | 23.0% | 25.0% | 19.0% | 18.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Annual Financials
In the latest year (Mar 2026), Waaree Energies reported sales of ₹26,537.00 crore (+83.7%) and net profit of ₹3,884.00 crore (+101.5%), compared with the previous year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Mar 2026 | 26,537 | 5,909 | 22.00 | 3,884 | 129.02 |
| Mar 2025 | 14,444 | 2,722 | 19.00 | 1,928 | 65.00 |
| Mar 2024 | 11,398 | 1,575 | 14.00 | 1,274 | 62.76 |
| Mar 2023 | 6,751 | 836.00 | 12.00 | 500.00 | 24.49 |
| Mar 2022 | 2,854 | 106.00 | 4.00 | 80.00 | 3.84 |
| Mar 2021 | 1,953 | 85.00 | 4.00 | 48.00 | 2.50 |
| Mar 2020 | 1,996 | 93.00 | 5.00 | 39.00 | 2.12 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales growth | -2.2% | +46.1% | +136.5% | +68.8% | +26.7% | +83.7% |
| Operating profit growth | -8.6% | +24.7% | +688.7% | +88.4% | +72.8% | +117.1% |
| Net profit growth | +23.1% | +66.7% | +525.0% | +154.8% | +51.3% | +101.5% |
| EPS growth | +17.9% | +53.6% | +537.8% | +156.3% | +3.6% | +98.5% |
| OPM % | 4.0% | 4.0% | 12.0% | 14.0% | 19.0% | 22.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Shareholding
AI Analysis
Waaree Energies has crashed 10.6% today despite strong Q4 FY26 earnings (net profit up 71% YoY to ₹3,884 Cr, OPM 22%), driven by valuation concerns and weak technical setup. The stock trades at 29.55x P/E (63.7% DISCOUNT to industry 81.34x), yet the sharp intraday sell-off on results and RSI at oversold 25 signal institutional trimming and profit-taking after a 30% one-year rally. ROCE of 39% and ROE of 26.9% are exceptional, but the delivery % of 7.4% reveals highly speculative retail trading, masking fundamental quality with weak conviction buying.
- Exceptional ROCE of 39% (Mar 2026) and ROE of 26.9% (TTM) demonstrate capital-efficient, high-quality business model with wide competitive moat in renewable energy equipment.
- Revenue scaled 83.8% YoY (₹14.4 Cr FY25 → ₹26.5 Cr FY26) with net profit jumping 101.6% YoY (₹1.93 Cr → ₹3.88 Cr), showcasing strong structural growth in India's solar/renewable push.
- Strong balance sheet with D/E of only 0.22 (Mar 2026) and low leverage despite aggressive CapEx (₹3,953 Cr invest cash outflow FY26), leaving ample debt capacity for growth funding.
- Severe technical deterioration: RSI at 25 (oversold), Tech Score 43.3 (bearish), and 10.6% single-day crash despite earnings miss trigger capitulation selling; delivery % of only 7.4% indicates 92.6% speculative/intraday volume, masking institutional selling and raising conviction risk.
- Valuation downside trap: despite trading at 36% discount to industry P/E (29.55 vs 81.34), sharp post-results sell-off suggests market is repricing growth assumptions; if FY27 revenue growth decelerates below 15-20% or margin compression accelerates, further 15-20% correction to ₹2,600-2,700 is possible.
AI-generated analysis for informational purposes only — not SEBI-registered investment advice.
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Frequently Asked Questions
What is the share price of Waaree Energies today?
Waaree Energies shares were last quoted at ₹2,341.70 (+0.8% on the day). Use the Refresh price button on this page for the latest available price. Prices are for information only.
What is the P/E ratio of Waaree Energies?
Waaree Energies has a price-to-earnings (P/E) ratio of 18.50 and a price-to-book (P/B) ratio of 4.61. The industry P/E is 57.71.
What is the 52-week high and low of Waaree Energies?
The 52-week high of Waaree Energies is ₹3,720.00 and the 52-week low is ₹2,402.00.
What is the market cap of Waaree Energies?
The market capitalisation of Waaree Energies is about ₹70,618.40 crore.
How did Waaree Energies perform in its latest quarterly results?
In the latest quarter (Jun 2026), Waaree Energies reported sales of ₹7,932.00 crore (+79.2%) and net profit of ₹892.00 crore (+15.4%), compared with the same quarter last year.
Is Waaree Energies a good stock to buy?
This page is for information and is not investment advice. As per the data shown here, Waaree Energies has a 3-year ROE of 31.00%, 3-year profit growth of 100.00%. Review the fundamentals, quarterly results and AI analysis on StockSpin, and consult a SEBI-registered adviser before investing.
What is the promoter holding in Waaree Energies?
Promoters hold about 64.12% of Waaree Energies.
Which sector does Waaree Energies belong to?
Waaree Energies belongs to the Electric Equipment sector.