What the business is, and whether it's a good one at a fair price.
Manufactures solar photovoltaic modules and executes engineering, procurement and construction (EPC) contracts for solar projects, with a small power generation business. In FY26, solar PV modules brought in ₹24,133.4 crore (87.9% of segment revenue) and EBIT of ₹4,423.23 crore, while EPC contracts contributed ₹3,281.89 crore (12.0%) and power generation ₹33.77 crore (0.1%). The module business operates at industrial scale — 26 GW of module capacity (described by management as the largest non-Chinese module manufacturer globally), 5.4 GW of cell capacity, and FY26 production of 12.6 GW (around 56,000 modules per day) with roughly 12 GW sold. The order book stood at ₹53,000 crore, with 65–70% from overseas customers and 3–4 year delivery visibility, while US capacity is scaling to 4.2 GW within six months. Retail distribution runs through 600+ franchisees across 27 states, contributing around 20.8% of revenue, and a backward-integration programme is under execution — 10 GW ingot-wafer at Nagpur, 2,500 TPD of glass, 20 GWh of BESS, 1 GW electrolyser, 4 GW inverters and 20,000 MVA of transformers via the APSL acquisition. Materials are the largest cost at 63.7% of revenue, with other operating expenses at 13.1%, depreciation at 3.7%, capex at 18.4%, and employee costs at 2.3%.
Measured from the filed financials, judged against its Other Electrical Equipment peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from WAAREE ENERGIES LIMITED's filed financials and exchange disclosures
WAAREE ENERGIES LIMITED is a Electrical Equipment company listed on NSE and BSE, trading under the symbol WAAREEENER.
Yes. Over the trailing twelve months WAAREE ENERGIES LIMITED reported a net profit of ₹4,003 Cr on revenue of ₹30,043 Cr.
Yes. The dividend yield is 0.08% at the current price. It paid out 2% of its profit as dividend in FY26.
No. Debt stands at 0.17× equity, and it carries net debt of ₹1,717 Cr. That is lower than 58% of its 53 Other Electrical Equipment peers.
On trailing P/E, WAAREE ENERGIES LIMITED ranks 23 of 53 in Other Electrical Equipment — cheaper than 58% of them, against an industry median of 26.2×. This is a position, not a valuation judgement.
On a typical session WAAREE ENERGIES LIMITED moves 1.14% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by WAAREE ENERGIES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
