Waaree Energies Ltd logo

Waaree Energies Ltd

WAAREEENER NSE

Key Fundamentals

MidcapOther Electrical EquipmentCapital Goods
Market Cap
₹87,788 Cr
Volatility
Moderate
P/E Ratio
26.1
EBITDA
₹3,123 Cr
Debt to Equity
0.13
Book Value
₹399.28
52W High
₹3,865
52W Low
₹1,863

Technical Indicators

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 113% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.7%

Weaknesses

1
  • Stock is trading at 7.69 times its book value

Growth Rate

Revenue Growth
27.62% ↗
Net Income Growth
51.29% ↗
Cash Flow Change
37.01% ↗
ROE
-34.60% ↘
ROCE
-22.12% ↘
EBITDA Margin (Avg.)
35.22% ↗

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Depreciation 57717475768489153182240267
EPS in Rs 17.0515.986.3223.4119.9913.7317.1521.5425.9429.2936.94
Expenses 2,8613,0201,4252,5182,8563,0502,7363,0813,4294,6595,637
Interest 4033184834313157439693
Net Profit 3383201414754013765076447738781,107
OPM % 14%15%11%14%16%15%21%23%23%23%25%
Operating Profit 4685171714185525257229239971,4061,928
Other Income 8721105364888988133171161-99
PBT 4574351846595314996908459431,2311,469
Sales 3,3283,5371,5962,9363,4093,5743,4574,0044,4266,0667,565
Tax % 26%26%23%28%24%25%27%24%18%29%25%

Profit & Loss

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Depreciation 272943164277402842
Div. Payout % 0%0%0%0%0%0%—
EPS in Rs 2.122.53.8424.4962.7665114
Expenses 1,9031,8682,7485,9159,82311,72316,806
Interest 34314182140152289
Net Profit 3948805001,2741,9283,402
OPM % 5%4%4%12%14%19%24%
Operating Profit 93851068361,5742,7225,254
Other Income 25459788576398367
PBT 57701186771,7342,5654,489
Sales 1,9961,9532,8546,75111,39814,44422,060
Tax % 31%31%33%26%27%25%—

Balance Sheet

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Borrowings 1573403633205531,1992,941
CWIP 4031245371,3411,8841,894
Equity Capital 197197197243263287288
Fixed Assets 1522856251,1051,4504,0516,181
Investments 85115143317165254
Other Assets 6618781,2625,7328,41413,70616,296
Other Liabilities 4835961,3625,2476,6359,02810,199
Reserves 1011482311,5953,8259,19211,198
Total Assets 9381,2812,1547,40611,27719,70624,625
Total Liabilities 9381,2812,1547,40611,27719,70624,625

Cash Flow

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
CFO/OP 102105683199168143
Financing -501611016429094,036
Investing -22-250-673-2,088-3,346-6,806
Operating 83676981,5602,3053,158
Free Cash Flow 32-35202698968-114
Net Cash Flow 12-21126114-132388

Ratios

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash Conversion Cycle 13614665535
Days Payable 6799831438491
Debtor Days 262212173130
Inventory Days 54838519210896
ROCE % —16%21%52%44%35%
Working Capital Days 102-84-66-40-87

Shareholding Pattern

64.2%
26.0%
DIIs: 2.86% FIIs: 6.91% Promoters: 64.22% Public: 26.01%
  Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
DIIs 2.70% 2.46% ↓0.22.86% ↑0.42.82% ↓0.02.86% ↑0.0
FIIs 1.40% 0.70% ↓0.72.68% ↑2.06.35% ↑3.76.91% ↑0.6
Promoters 64.31% 64.31% 64.31% 64.22% ↓0.164.22%
Public 31.58% 32.53% ↑1.030.15% ↓2.426.60% ↓3.526.01% ↓0.6
No. of Shareholders 7,67,9638,51,0287,67,2676,90,0256,95,699

Documents

Frequently Asked Questions about Waaree Energies Ltd

What does Waaree Energies Ltd do?
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.
Where is Waaree Energies Ltd (WAAREEENER) listed?
Waaree Energies Ltd is listed on the Indian stock exchanges. It is listed on NSE: WAAREEENER and BSE: 544277. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Waaree Energies Ltd belong to?
Waaree Energies Ltd operates in the Industrials sector within the Other Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Waaree Energies Ltd?
Waaree Energies Ltd has a market capitalisation of approximately ₹87788.00 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Waaree Energies Ltd?
The Price-to-Earnings (PE) ratio of Waaree Energies Ltd is 26.10. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Waaree Energies Ltd?
Over the past 52 weeks, Waaree Energies Ltd has traded between a low of ₹1,863 and a high of ₹3,865. This range helps investors understand the stock's price volatility and recent trading levels.
How can I research Waaree Energies Ltd on Tapetide?
On Tapetide, you can view Waaree Energies Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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.

Website waaree.com
Listed 2024-10-28
Face Value ₹ 10
Issued Size 28,76,40,905