Written by Waaree Energies Limited is an Indian solar PV module manufacturer with a total installed production capacity of 12 GW. The company operates five manufacturing facilities across India and has a global presence. Waaree Energies is the largest manufacturer and exporter of solar modules in India.
| Company Nmae | Waaree Energies Ltd |
| NSE Symbol | WAAREEENER |
| Industry/Sector | Electric Equipment |
| Market Cap | ₹ 75,201 Cr. |
| Current Price | ₹ 529 |
| 52-Week High/Low | ₹ 3,743 / 1,809 |
Waaree Energies Ltd Fundamental Analysis
| FY 2022 | FY 2023 | FY 2024 | |
| Sales | 2,854 Cr | 6,751 Cr | 11,398 Cr |
| OPM% | 4% | 12% | 14% |
| Net Profit | 80 Cr | 500 Cr | 1,274 Cr |
| EPS in Rs | 3.84 | 24.49 | 62.76 |
| Reserve | 1,595Cr | 3,825Cr | 4,583 Cr |
| Borrowings | 320 Cr | 553 Cr | 985 Cr |
Key Insight: Waaree Energies has demonstrated rapid growth in the past three years, with a 5X increase in revenue and a 3X rise in net profit. The company has consistently outperformed expectations, maintaining a healthy profit margin of 14%. Waaree Energies boasts an impressive ROCE of 43.6% and ROE of 33.4%, reflecting strong financial performance. Investors have seen substantial returns on their investments.
Waaree Energies has been steadily increasing its cash reserves year after year, while maintaining a very low debt level relative to its reserves. This reflects strong financial stability and efficient capital management.
Waaree Energies Ltd News & Events
Announced Quaterly result today.
Waaree Energies Q4 Results Highlights:
The solar panel manufacturer posted a 29.13% rise in its consolidated net profit, reaching ₹618.91 crore in the March 2025 quarter, up from ₹461.52 crore in the same quarter last year.
Waaree Energies Ltd Shareholding Pattern
| Sep 2024 | Dec 2024 | Mar 2025 | |
| Promoters | – | 64.31% | 64.31% |
| FIIs | – | 1.4% | 0.7% |
| DIIs | – | 2.7% | 2.46% |
| Government | – | – | – |
| Public | – | 31.58% | 32.53% |
Waaree Energies has a stable promoter holding of over 60%, reflecting strong long-term confidence in the company. Meanwhile, only around 30% of the shares are held by the public, indicating limited free float and potentially higher investor trust.
Waaree Energies Ltd Valuation
| Stock PE | 76.6 |
| Industry PE | 52 |
Current Valuation: Compared to its peers, Waaree Energies appears slightly expensive, currently trading above the industry average P/E ratio. It has just surpassed its 5-year median P/E of 48.7, indicating strong market optimism but also suggesting a premium valuation.
Waaree Energies Ltd Technical Analysis
In the recent market correction, Waaree Energies’ stock price saw a sharp decline of nearly 45%. After four months of consolidation, the stock has now broken out of both the Darvas Box and a key trendline, signaling a potential trend reversal.
Today’s breakout was supported by strong Q4 results, helping the stock surge over 7% intraday. It has decisively broken the resistance at ₹2,500 and may now face the next resistance around ₹2,970–₹3,000.
In the short term, this breakout suggests potential for an upward move towards those resistance levels.
🔖 Disclaimer:
This article is for educational purposes only. The information provided here is not investment advice. Please consult your financial advisor before making any investment decisions.