Waaree Energies Ltd Share Price
As on 18 November 2025 at 23:54 IST
Waaree Energies Q1 FY26 Results:
Net profit for the period jumped 89% to ₹745 crores in Q1 FY26, from ₹394 crores in Q1 FY25. Total income for the quarter increased 31.5% year-on-year to ₹4597 crores from ₹3496 crores.
About Waaree Energies Ltd
Waaree Energies Limited is a leading manufacturer of solar photovoltaic (PV) modules in India. The company focuses on providing high-quality and sustainable energy solutions. It operates in the renewable energy sector, specifically the solar energy industry. Founded in 1990, Waaree Energies has been in business for years. The company's headquarters are in Mumbai, India. Waaree Energies offers a diverse range of products, including mono PERC, bifacial, BIPV, flexible, and polycrystalline solar modules. The company also provides EPC services. Also, Waaree Energies is the #1 manufacturer of solar PV modules in India. +
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LOGINOver 1 Month
-6.61%
Over 6 Months
11.98%
Over 1 Year
6.01%
Over 3 Years
None%
Waaree Energies Ltd Summary
Close ₹3,301.70
Open ₹3,356.90
High ₹3,359.80
Low ₹3,294.10
Volume 6,02,998
Net Turnover (in Cr) ₹199.56
52Wk High ₹3,865
52Wk Low ₹1,863
52Wk High / Low
1,863
3,865
Waaree Energies Ltd Fundamentals
Key Financial Data
Market Cap (in Cr) ₹94,970.40
EPS (TTM) 99.82
Book Value (BV) 390.66
Div. Yield -
P/E (TTM) 33.09
Price/Book Value 8.45
Delivery % 48.45 %
Face Value 10
Key Ratios
PE Ratio 38.80
PB Ratio 7.35
EV to Sales 4.94
PEG Ratio 0.92
ROA 15.54
ROE 26.37
Debt-Equity 0.10
Net Profit Margin 13.95
Operating Profit Margin 22.32
Waaree Energies Ltd Financials
Profit and Loss
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Total Revenue | 14,846.06 | 11,632.76 | 6,860.36 | 2,950.86 | 1,993.37 |
| Total Expenses | 12,277.40 | 10,239.90 | 6,162.63 | 2,832.49 | 1,927.52 |
| Profit Before Tax | 2,564.64 | 1,734.20 | 677.15 | 118.37 | 69.90 |
| Profit After Tax | 1,928.13 | 1,274.38 | 500.28 | 79.65 | 48.19 |
| Operating Profit After Depreciation | 2,720.75 | 1,532.77 | 780 | 159.26 | 96.77 |
Balance Sheet
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Fixed Assets | 4,035.66 | 1,449.65 | 1,105.07 | 625.37 | 285.88 |
| Total Non Current Assets | 6,590.56 | 3,300.65 | 1,936.98 | 893.24 | 509.98 |
| Total Current Assets | 13,156.82 | 8,013.09 | 5,482.94 | 1,278.34 | 770.54 |
| Total Assets | 19,747.38 | 11,313.74 | 7,419.92 | 2,171.58 | 1,280.52 |
| Total Shareholder's Fund | 9,479.20 | 4,087.81 | 1,838.41 | 427.65 | 344.99 |
Cash Flow
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Cash From Operating Activities | 3,158.21 | 2,305.04 | 1,560.23 | 697.96 | 67.28 |
| Net Cash Used In Investing Activities | -6,805.51 | -3,346.49 | -2,088.24 | -672.65 | -249.69 |
| Net Cash Used In Financing Activities | 4,035.74 | 909.19 | 642.48 | 101.06 | 161.33 |
Profit and Loss
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Total Revenue | 13,218.46 | 10,957.68 | 6,641.58 | 2,852.72 | 2,030.14 |
| Total Expenses | 10,822.10 | 9,741.09 | 6,003.41 | 2,756.86 | 1,965.89 |
| Profit Before Tax | 2,396.36 | 1,557.93 | 617.59 | 95.86 | 68.31 |
| Profit After Tax | 1,781.17 | 1,148.35 | 460.19 | 69.67 | 50.28 |
| Operating Profit After Depreciation | 2,528.08 | 1,349.82 | 715.01 | 129.85 | 90.43 |
Balance Sheet
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Fixed Assets | 2,666.12 | 1,011.48 | 919.90 | 547.52 | 126.07 |
| Total Non Current Assets | 6,921.71 | 3,073.74 | 1,928.88 | 836.03 | 315.62 |
| Total Current Assets | 10,929.89 | 7,600.17 | 5,404.30 | 1,203.32 | 793.57 |
| Total Assets | 17,851.60 | 10,673.91 | 7,333.18 | 2,039.36 | 1,109.19 |
| Total Shareholder's Fund | 9,407.28 | 4,102.96 | 1,942.87 | 428.34 | 351.05 |
Cash Flow
| Particulars (in ₹ Cr.) | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Cash From Operating Activities | 2,939.87 | 2,116.32 | 1,491.72 | 571.51 | 80.53 |
| Net Cash Used In Investing Activities | -6,767.36 | -3,252.35 | -2,240.62 | -523.33 | -150.99 |
| Net Cash Used In Financing Activities | 4,076.83 | 960.48 | 871.80 | 66.18 | 75.67 |
| Particulars (in ₹ Cr.) | 2025-09 | 2025-06 | 2025-03 | 2024-12 | 2024-09 |
|---|---|---|---|---|---|
| Total Revenue | 6,065.64 | 4,425.83 | 4,003.93 | 3,457.29 | 3,574.38 |
| Total Expenses | 4,659.24 | 3,428.51 | 3,081.35 | 2,735.56 | 3,049.53 |
| Profit Before Tax | 1,231.46 | 943.36 | 845.45 | 689.81 | 498.84 |
| Profit After Tax | 878.21 | 772.89 | 644.46 | 506.88 | 375.66 |
| Operating Profit after Depreciation | 1,567.30 | 1,168.67 | 1,059.57 | 809.71 | 613.94 |
| Particulars (in ₹ Cr.) | 2025-09 | 2025-06 | 2025-03 | 2024-12 | 2024-09 |
|---|---|---|---|---|---|
| Total Revenue | 4,581.84 | 3,369.92 | 3,322.97 | 3,082.46 | 3,169.07 |
| Total Expenses | 3,539.74 | 2,520.71 | 2,560.59 | 2,442.11 | 2,695.50 |
| Profit Before Tax | 1,535.94 | 882.96 | 776.48 | 638 | 477.42 |
| Profit After Tax | 1,159.53 | 659.89 | 580.52 | 471.39 | 357.46 |
| Operating Profit after Depreciation | 1,776.64 | 1,046.39 | 921.91 | 742.08 | 577.89 |
Waaree Energies Ltd Technicals
Support and Resistance
S3 S2 S1 Pivot R1 R2 R3
S1 3,277.27
S2 3,252.83
S3 3,211.57
Pivot 3,318.53
R1 3,342.97
R2 3,384.23
R3 3,408.67
Moving Average
20 SMA 3,424.19
50 SMA 3,425.53
100 SMA 3,270.42
200 SMA 2,879.58
Waaree Energies Ltd Corporate Actions
Waaree Energies Ltd
₹2.0/Share
Announcement Date 24 Oct 2025
Record Date 24 Oct 2025
Div Yield 20%
Waaree Energies Ltd Peer Comparison
| Company | Price | Market Cap (in Cr) |
|---|---|---|
| CG Power & Industrial Solutions Ltd | ₹750 | ₹1,18,107.81 |
| Siemens Ltd | ₹3,234.60 | ₹1,15,190.74 |
| ABB India Ltd | ₹5,042.45 | ₹1,06,853.74 |
| Bharat Heavy Electricals Ltd | ₹285.60 | ₹99,447.73 |
| Hitachi Energy India Ltd | ₹21,486.45 | ₹95,770.19 |
Waaree Energies Ltd Top Mutal Funds Invested
| Fund Name | AUM |
|---|---|
| Motilal Oswal ELSS Tax Saver Fund | 4.43% |
| Motilal Oswal Focused Fund | 4.13% |
| Motilal Oswal Large and Midcap Fund | 3.78% |
| JM Aggressive Hybrid Fund | 3.23% |
| JM Midcap Fund | 2.44% |
Waaree Energies Ltd News
Waaree Energies Q2 PAT climbs 133% YoY to Rs 843 cr
Waaree Energies reported a 132.97% year-on-year (YoY) surge in consolidated net profit to Rs 842.55 crore in Q2 FY26, compared to Rs 361.65 crore recorded in the same quarter last year.
17 Oct 2025, 09:41 am
Board of Waaree Energies recommends interim dividend
Of Rs 2 per share
17 Oct 2025, 09:16 am
Waaree Energies to announce Quarterly Result
On 16 October 2025
14 Oct 2025, 10:36 am
Waaree Energies approves grant of 17,062 stock options
04 Oct 2025, 02:19 pm
Waaree Energies commissions 950 MW solar module line manufacturing unit at Navsari, Gujarat
30 Sep 2025, 07:29 pm
Waaree Energies Ltd Stock Analysis
- Annual revenue for Waaree Energies Ltd increased by 20.63% to ₹13,218.46 crore in FY 2025 from ₹10,957.68 crore in FY 2024.
- Annual Net Profit for Waaree Energies Ltd increased by 55.11% to ₹1,781.17 crore in FY 2025 from ₹1,148.35 crore in FY 2024.
- Promoter Shareholding in Waaree Energies Ltd decreased by 0.13% in the most recent quarter, from 64.30% in June 2025 to 64.22% in September 2025.
- Waaree Energies Ltd delivered a 1-year return of 6.01% compared to the Nifty 50, which provided a return of 10.91% as of the last trading session.
- Waaree Energies Ltd share price moved up by 0.58% from its previous close of INR ₹3,301.70. The latest Waaree Energies Ltd share price is INR ₹3,320.70.
- Waaree Energies Ltd share price today has been at a low of 3,298.50 and a high of 3,349. Over the past 52 weeks, the Waaree Energies Ltd share price has seen a low of 1,863 and a high of 3,865.
About Waaree Energies Ltd
Waaree Energies Limited is a leading manufacturer of solar photovoltaic modules in India. The company focuses on providing high-quality and sustainable energy solutions, including energy storage systems. Waaree Energies falls under the renewable energy sector, specifically the solar energy industry.
Founded in 1990, Waaree Energies has been in business for years. The company's headquarters are in Mumbai, India. The promoters of Waaree Energies include key figures such as Hitesh Chimanlal Doshi, who serves as the Chairman & Managing Director. Other than him, there is a team of managerial promoters who manage the operations of the company. They are -
Waaree Energies is the number 1 manufacturer of solar PV modules in India, holding a significant market share among domestic manufacturers. The company boasts an impressive market cap and is recognised as a Tier 1 solar module manufacturer by Bloomberg.
The company's registered office is in Borivali (East), Mumbai. Meanwhile, the office of the registrars is in Vikhroli (West), Mumbai. Waaree Energies continues to expand its manufacturing capacity and international presence, contributing to the global transition to sustainable energy solutions. With its commitment to innovation and sustainability, it is well-positioned to lead the renewable energy sector in India and beyond.
One of the key impacts of Waaree Energies is its contribution to reducing carbon emissions. By manufacturing and supplying solar PV modules, the company helps generate electricity from renewable sources, which helps to reduce the need for coal and other fossil fuels. This shift to clean energy helps lower greenhouse gas emissions and mitigates the effects of climate change.
Waaree Energies has also played a crucial role in promoting energy security in India. The company's solar PV modules are used in various applications, including residential and industrial projects. By providing reliable and efficient solar solutions, Waaree Energies helps ensure a stable energy supply. It also supports sustainability across different sectors.
The company's commitment to innovation and quality has set new benchmarks in the solar energy industry. Waaree Energies has introduced advanced technologies such as bifacial and TOPCon solar panels, which offer higher efficiency and better performance. These innovations have made solar power more accessible and cost-effective for consumers.
Waaree Energies' impact extends beyond India. The company has a global presence, with operations in over 25 countries. By exporting solar PV modules and providing EPC services internationally, Waaree Energies contributes to the global transition to renewable energy. This global reach helps spread the benefits of clean energy and supports sustainable development worldwide.
The company's focus on sustainability is another significant aspect of its impact. It has implemented eco-friendly manufacturing practices and obtained certifications for its solar panels. These efforts demonstrate the company's commitment to reducing its environmental footprint and promoting sustainable practices.
Waaree Energies' role in supporting the government's renewable energy targets is also noteworthy. The company's products and services align with India's goal of achieving 175 GW of renewable energy capacity by 2022. By providing high-quality solar solutions, it helps the country move closer to its renewable energy targets. It also aids in reducing dependence on fossil fuels.
The company's impact on the economy is another important factor. Waaree Energies creates job opportunities and supports the growth of the renewable energy sector. The company's manufacturing facilities and projects generate employment opportunities. They also contribute to the local economy. Promoting clean energy even helps attract investments and drive economic development.
Waaree Energies' dedication to customer satisfaction is evident in its approach to business. The company works closely with clients to understand their needs and provide tailored solutions. This customer-centric approach ensures that the company's products and services meet the specific requirements of its clients, leading to higher satisfaction and loyalty.
Waaree Energies Limited has made a significant impact on the renewable energy sector in India and beyond. The company's focus on reducing carbon emissions and promoting energy security has contributed to the growth of solar power. Additionally, its efforts in supporting sustainable development have further driven this growth.
Overall, the company's global presence and support for government targets further underscore its importance in the renewable energy landscape. With its dedication to customer satisfaction, Waaree Energies continues to make a positive impact. The company is committed to both society and the environment.
Founded in 1990, Waaree Energies has been in business for years. The company's headquarters are in Mumbai, India. The promoters of Waaree Energies include key figures such as Hitesh Chimanlal Doshi, who serves as the Chairman & Managing Director. Other than him, there is a team of managerial promoters who manage the operations of the company. They are -
- Viren Chimanlal Doshi
- Hitesh Pranjivan Mehta
- Sujit Kumar Varma
Waaree Energies is the number 1 manufacturer of solar PV modules in India, holding a significant market share among domestic manufacturers. The company boasts an impressive market cap and is recognised as a Tier 1 solar module manufacturer by Bloomberg.
The company's registered office is in Borivali (East), Mumbai. Meanwhile, the office of the registrars is in Vikhroli (West), Mumbai. Waaree Energies continues to expand its manufacturing capacity and international presence, contributing to the global transition to sustainable energy solutions. With its commitment to innovation and sustainability, it is well-positioned to lead the renewable energy sector in India and beyond.
The Impact of Waaree Energies
Waaree Energies Limited has made a significant impact on the renewable energy sector in India. The company's focus on providing high-quality solar PV modules and sustainable energy solutions has contributed to the growth of solar power in the country. Waaree Energies' efforts have helped reduce the reliance on fossil fuels and promote the use of clean energy.One of the key impacts of Waaree Energies is its contribution to reducing carbon emissions. By manufacturing and supplying solar PV modules, the company helps generate electricity from renewable sources, which helps to reduce the need for coal and other fossil fuels. This shift to clean energy helps lower greenhouse gas emissions and mitigates the effects of climate change.
Waaree Energies has also played a crucial role in promoting energy security in India. The company's solar PV modules are used in various applications, including residential and industrial projects. By providing reliable and efficient solar solutions, Waaree Energies helps ensure a stable energy supply. It also supports sustainability across different sectors.
The company's commitment to innovation and quality has set new benchmarks in the solar energy industry. Waaree Energies has introduced advanced technologies such as bifacial and TOPCon solar panels, which offer higher efficiency and better performance. These innovations have made solar power more accessible and cost-effective for consumers.
Waaree Energies' impact extends beyond India. The company has a global presence, with operations in over 25 countries. By exporting solar PV modules and providing EPC services internationally, Waaree Energies contributes to the global transition to renewable energy. This global reach helps spread the benefits of clean energy and supports sustainable development worldwide.
The company's focus on sustainability is another significant aspect of its impact. It has implemented eco-friendly manufacturing practices and obtained certifications for its solar panels. These efforts demonstrate the company's commitment to reducing its environmental footprint and promoting sustainable practices.
Waaree Energies' role in supporting the government's renewable energy targets is also noteworthy. The company's products and services align with India's goal of achieving 175 GW of renewable energy capacity by 2022. By providing high-quality solar solutions, it helps the country move closer to its renewable energy targets. It also aids in reducing dependence on fossil fuels.
The company's impact on the economy is another important factor. Waaree Energies creates job opportunities and supports the growth of the renewable energy sector. The company's manufacturing facilities and projects generate employment opportunities. They also contribute to the local economy. Promoting clean energy even helps attract investments and drive economic development.
Waaree Energies' dedication to customer satisfaction is evident in its approach to business. The company works closely with clients to understand their needs and provide tailored solutions. This customer-centric approach ensures that the company's products and services meet the specific requirements of its clients, leading to higher satisfaction and loyalty.
Waaree Energies Limited has made a significant impact on the renewable energy sector in India and beyond. The company's focus on reducing carbon emissions and promoting energy security has contributed to the growth of solar power. Additionally, its efforts in supporting sustainable development have further driven this growth.
Overall, the company's global presence and support for government targets further underscore its importance in the renewable energy landscape. With its dedication to customer satisfaction, Waaree Energies continues to make a positive impact. The company is committed to both society and the environment.
FAQ’s
What is the share price of Waaree Energies Ltd today?
Waaree Energies Ltd share price as on 18 Nov 2025 is ₹ 3320.7
What is the Market Cap of Waaree Energies Ltd?
The market cap of Waaree Energies Ltd stock is ₹94,970.40 Cr.
What is the PE Ratio of Waaree Energies Ltd?
The Price to Earnings (P/E) Ratio of Waaree Energies Ltd is 38.80
What is the PB Ratio of Waaree Energies Ltd?
The Price to Book (P/B) Ratio of Waaree Energies Ltd is 7.35
What is the 52 week high of Waaree Energies Ltd Share Price?
The 52 week high of Waaree Energies Ltd share price stands at ₹3,865
What is the 52 week low of Waaree Energies Ltd Share Price?
The 52 week low of Waaree Energies Ltd share price stands at ₹1,863
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