NSE WAAREEENER · BSE 544277 · Semiconductors · NIFTY 500
Waaree Energies Share Price
Waaree Energies Overview
Where the price stands, how it has moved and how it sits against its averages.
Waaree Energies shares last traded at ₹2,482.00 on the NSE, down 1.08% on the day. That is 33.3% below the 52-week high of ₹3,720.00 and 3.3% above the 52-week low of ₹2,402.00. The stock trades at 22.20× earnings, below the sector average of 65.17. Its market value is ₹71,424 Cr.
Price returns
Against the market: 1 Month ▼ −1.30% · 3 Months ▼ −14.67% · 6 Months ▼ −20.48% · This year ▼ −3.61% · 1 Year ▼ −19.76%
Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.
Moving averages — price is above 0 of 6
- 300-day average₹2,906.64 ▼ price 14.6% below
- 100-day average₹2,846.82 ▼ price 12.8% below
- 50-day average₹2,659.35 ▼ price 6.7% below
- 20-day average₹2,576.58 ▼ price 3.7% below
- 10-day average₹2,539.55 ▼ price 2.3% below
- 5-day average₹2,505.70 ▼ price 0.9% below
- Today's price₹2,482.00
Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.
Waaree Energies Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹26,537 Cr | ▲ +83.7% | ₹3,711 Cr | 14.0% | ₹128.84 | ₹4.00 |
| FY 2025 | ₹14,445 Cr | ▲ +26.7% | ₹1,867 Cr | 12.9% | ₹67.96 | — |
| FY 2024 | ₹11,398 Cr | ▲ +68.8% | ₹1,237 Cr | 10.9% | ₹47.86 | — |
| FY 2023 | ₹6,751 Cr | ▲ +136.5% | ₹483 Cr | 7.2% | ₹18.44 | ₹0.00 |
| FY 2022 | ₹2,854 Cr | ▲ +46.1% | ₹76 Cr | 2.7% | ₹2.89 | ₹0.00 |
| FY 2021 | ₹1,953 Cr | ▼ −2.1% | ₹47 Cr | 2.4% | ₹1.78 | ₹0.00 |
| FY 2020 | ₹1,996 Cr | — | ₹42 Cr | 2.1% | ₹1.59 | ₹0.00 |
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹7,932 Cr | ▼ −6.5% | ₹850 Cr | 10.7% | ₹29.56 |
| Q4 FY26 | ₹8,480 Cr | ▲ +12.1% | ₹1,061 Cr | 12.5% | ₹36.84 |
| Q3 FY26 | ₹7,565 Cr | ▲ +24.7% | ₹1,062 Cr | 14.0% | ₹36.89 |
| Q2 FY26 | ₹6,066 Cr | ▲ +37.1% | ₹843 Cr | 13.9% | ₹29.27 |
| Q1 FY26 | ₹4,426 Cr | ▲ +10.5% | ₹745 Cr | 16.8% | ₹25.84 |
| Q4 FY25 | ₹4,004 Cr | ▲ +15.8% | ₹619 Cr | 15.5% | ₹21.15 |
| Q3 FY25 | ₹3,457 Cr | ▼ −3.3% | ₹493 Cr | 14.3% | ₹18.33 |
| Q2 FY25 | ₹3,574 Cr | — | ₹362 Cr | 10.1% | ₹13.71 |
Balance sheet — FY26
- Total assets₹30,115 Cr
- Total liabilities₹15,678 Cr
- Shareholders' equity₹14,437 Cr
- Total debt₹3,692 Cr
- Cash & investments₹7,247 Cr
- Current ratio1.38×
- Revenue growth, 5 yr68.51% a year
- EPS growth, 5 yr135.46% a year
- Operating margin (TTM)16.37%
- Net margin (TTM)13.32%
Cash flow — FY26
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 1,995.78 | 1,953.04 | 2,854.27 | 6,750.87 | 11,397.61 | 14,444.50 | 26,536.77 |
| Cost of revenue | 1,629.72 | 1,655.30 | 2,388.42 | 5,316.35 | 9,013.85 | 10,520.77 | 18,080.94 |
| Gross profit | 366.06 | 297.74 | 465.84 | 1,434.53 | 2,383.76 | 3,923.73 | 8,455.83 |
| Operating expenses | 1,930.14 | 1,884.52 | 2,776.17 | 6,099.78 | 9,758.27 | 12,129.33 | 21,902.19 |
| Operating income | 65.64 | 68.52 | 78.09 | 651.10 | 1,639.34 | 2,315.17 | 4,634.58 |
| Depreciation | 27.13 | 32.30 | 43.27 | 164.13 | 276.81 | 402.39 | 989.38 |
| Profit before tax | 56.94 | 66.55 | 118.37 | 677.15 | 1,734.20 | 2,564.64 | 5,051.79 |
| Tax | 17.92 | 20.94 | 38.72 | 176.87 | 459.82 | 636.51 | 1,167.64 |
| Net profit | 41.71 | 46.59 | 75.64 | 482.76 | 1,237.18 | 1,867.39 | 3,711.30 |
| EPS (₹) | 1.59 | 1.78 | 2.89 | 18.44 | 47.86 | 67.96 | 128.84 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | — | — | 4.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 938.27 | 1,293.16 | 2,237.40 | 7,419.92 | 11,313.73 | 19,485.35 | 30,115.37 |
| Current assets | 607.41 | 770.33 | 1,344.17 | 5,482.94 | 8,013.08 | 12,715.65 | 17,577.00 |
| Cash & short-term investments | 54.90 | 144.85 | 408.09 | 1,711.10 | 3,850.31 | 7,622.78 | 7,247.03 |
| Inventory | 258.49 | 389.57 | 628.86 | 3,127.92 | 2,874.90 | 3,250.05 | 6,201.80 |
| Property, plant & equipment | 178.08 | 281.32 | 734.02 | 1,628.45 | 2,777.67 | 5,884.03 | 10,740.34 |
| Total liabilities | 640.25 | 940.59 | 1,809.75 | 5,581.51 | 7,225.91 | 10,006.15 | 15,678.03 |
| Current liabilities | 470.81 | 624.53 | 1,497.63 | 4,929.24 | 5,423.14 | 8,524.11 | 12,707.70 |
| Total debt | 157.07 | 408.07 | 421.12 | 906.05 | 1,091.97 | 1,492.37 | 3,691.89 |
| Total equity | 298.02 | 352.58 | 427.65 | 1,838.41 | 4,087.81 | 9,479.20 | 14,437.34 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 83.76 | 71.67 | 700.75 | 1,560.21 | 2,305.02 | 3,158.21 | 1,626.95 |
| From investing | −22.34 | −250.22 | −674.86 | −2,093.82 | −3,340.25 | −6,808.37 | −3,953.18 |
| From financing | −49.78 | 157.33 | 98.52 | 642.48 | 909.18 | 4,035.74 | 2,573.11 |
| Capital expenditure | −63.51 | −197.90 | −496.47 | −865.44 | −1,342.34 | −3,274.10 | −4,881.77 |
| Dividends paid | — | — | — | — | — | 0.00 | −57.53 |
| Net change in cash | 11.64 | −21.13 | 126.37 | 114.47 | −132.27 | 388.44 | 264.33 |
What Analysts Say
Recommendations from 9 analysts who cover Waaree Energies.
▲ 5 bullish (55.6%) · 0 hold (0.0%) · ▼ 4 bearish (44.4%)
Votes
How the votes changed
| Rating | 3M ago | 2M ago | 1M ago | 1W ago | Now | 3-month change |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 1 | 2 | 2 | ▲ +2 |
| Buy | 2 | 2 | 3 | 3 | 3 | ▲ +1 |
| Hold | 0 | 0 | 0 | 0 | 0 | — |
| Sell | 0 | 0 | 0 | 1 | 1 | ▲ +1 |
| Strong Sell | 3 | 3 | 3 | 3 | 3 | — |
Analyst ratings are opinions, not a guarantee of returns.
Waaree Energies vs Peers
Side by side with other semiconductors companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield | Rating |
|---|---|---|---|---|---|---|---|---|---|
| Waaree Energies | ₹2,482.00 | ▼ −1.08% | ₹71,424 Cr | 22.20 | 5.00 | 31.75% | 13.32% | 0.16% | This stock |
| Premier Energies | ₹898.00 | ▼ −1.36% | ₹40,765 Cr | 32.30 | 11.32 | 40.54% | 19.29% | 0.14% | Bearish |
| Emmvee Photovoltaic Power | ₹318.15 | ▼ −4.32% | ₹21,982 Cr | 20.10 | 6.47 | 50.48% | 22.84% | — | Moderately Bearish |
| RRP Semiconductor | ₹8,207.65 | 0.00% | ₹11,182 Cr | — | 1,378.83 | — | — | — | Bearish |
| Vikram Solar | ₹160.65 | ▼ −1.71% | ₹5,798 Cr | 14.06 | 2.20 | 15.29% | 9.80% | — | Bearish |
| Saatvik Green Energy | ₹440.00 | ▼ −1.59% | ₹5,619 Cr | 15.53 | 4.36 | — | 7.94% | — | Bullish |
Rating = the data provider's overall technical view of each peer. Company names link to their own pages.
Waaree Energies Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Valuation Is the price reasonable?
Profitability Of every ₹100 of sales, how much is kept?
Returns & efficiency How well does it use its money?
Growth Is the business getting bigger?
Financial strength Can it pay its bills and debts?
Per share What each share stands for
The share price is 4.95× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 101 metrics from the data provider
Valuation
Per share
Margins
Growth
Financial strength
Returns & efficiency
Price & volume
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
- Dividend yield0.16%
- Payout ratio3.10%
- Latest dividend₹2.00 per share · 11 Sep 2026
Corporate calendar
- MeetingAnnual General Meeting
- Dividend₹2.00 per share · 20% · Final dividend
- BoardQuarterly Results
- MeetingPostal Ballot
- BoardAudited Results & Others
- BoardQuarterly Results
- Dividend₹2.00 per share · 20% · Interim dividend
- BoardQuarterly Results & Interim Dividend
Show 8 older events
- MeetingAnnual General Meeting
- MeetingPostal Ballot
- BoardQuarterly Results
- MeetingPostal Ballot
- BoardAudited Results
- MeetingPostal Ballot
- BoardQuarterly Results
- BoardQuarterly Results
About Waaree Energies
Semiconductors
Waaree Energies Limited is an India-based renewable energy company. The Company is primarily engaged in the business of manufacturing of solar Photo-voltaic modules and solar cells, setting up of projects in solar space and the sale of electricity. The Company’s operating segments include Solar Photovoltaic Modules, Generation of Power, and Engineering, procurement and construction (EPC) contract. Its manufacturing plants are located in Tumb, Nandigram, Chikhli and Surat, Gujarat State, India. Its By Products include PV Modules, Inverter, Solar Kits, BESS and Electrolyzer Stacks. The PV Modules include HJT Module, N Type Module, Mono PERC, Flexible and Special Module. Its By Applications include Rooftop Solar, Flexible Solar, Small Modules, Special Modules, Energy Storage and Green Hydrogen. The Company’s solutions include EPC, Energy Storage and Green Hydrogen (Alkaline Electrolysers Turnkey).
Key people
- Hitesh Chimanlal DoshiExecutive Chairman of the Board, Managing Director
- Jignesh Devchandbhai RathodChief Executive Officer, Whole - Time Director
- Abhishek PareekChief Financial Officer
- Rajesh Ghanshyam GaurCompliance Officer, Company Secretary
- Viren Chimanlal DoshiWhole-Time Director
- Hitesh Pranjivan MehtaWhole-Time Director
Company facts
- NSE symbolWAAREEENER
- BSE code544277
- ISININE377N01017
- IndustrySemiconductors
- IndexNIFTY 500
- Market cap₹71,424 Cr
- Revenue (FY26)₹26,537 Cr
- Net profit (FY26)₹3,711 Cr
In the News
Recent headlines about Waaree Energies — they open on Mint in a new tab.
- Waaree Energies share price: Joindre Capital initiates coverage | Check target, rationale, upside, returns
Waaree Energies shares have remained under pressure in the near term, declining 0.96% over the past week.
22 Sep 2026 · 2 min read · Mint ↗ - Market prediction: What Gift Nifty says for opening; Vaishali Parekh gives 3 stocks - HDFC Bank, Cochin Shipyard, Waaree
Stock market prediction: Vaishali Parekh has predicted a gap-up opening, as the Gift Nifty live chart is trading above the previous spot Nifty 50 close and its previous close
15 Sep 2026 · 2 min read · Mint ↗ - Stock market today: Trade guide for Sensex, Nifty 50, crude oil and gold | Eight stocks to buy
Indian stock market indices, Sensex and Nifty 50, are set to open higher on 15 September amid mixed global signals. Sensex and Nifty ended lower previously, but GIFT Nifty shows a positive start. Crude oil prices remain a concern for market stability.
15 Sep 2026 · 6 min read · Mint ↗ - Waaree Renewable’s data centre push raises the stakes
The group’s entry into AI-ready data centres leverages its expanding solar, storage, and grid infrastructure, but the move could test its capex and execution bandwidth.
15 Sep 2026 · 1 min read · Mint ↗ - Dividend stocks alert! Last day to qualify for dividend of these stocks - Check full list, amount, record date
Dividend stocks today: Nearly 105 companies have fixed Friday as the record date to determine the eligibility of investors for payout.
10 Sep 2026 · 8 min read · Mint ↗ - Avaada Electro cuts IPO size to ₹7,600 crore amid valuation, concentration concerns
The solar manufacturer lowered its target from a potential ₹10,000 crore after prospective investors flagged heavy revenue reliance on its group entity and rising competition in the sector.
26 Aug 2026 · 4 min read · Mint ↗ - QIP fundraising hits one-year high, Adani firms dominate
The recent pick-up in QIPs reflects companies taking advantage of a favourable fundraising window rather than betting on an immediate economic recovery, said experts.
11 Aug 2026 · 4 min read · Mint ↗ - Indian solar exporters target EU, but FTA with bloc remains crucial
Indian solar panel makers have been largely priced out of European and other key export markets by Chinese firms that sell at significantly lower prices. Indian solar panel makers such as Adani New Industries and Waaree Energies have so far focused on exports to the US.
5 Aug 2026 · 4 min read · Mint ↗
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