Waaree Energies Share Price

3,050.9019.50 (0.65%)

Closed
As On: 15 Jun, 2026, 03:58 PM IST
As On: 15 Jun, 2026, 03:54 PM IST

Sector: Engineering
Industry: Engineering - EPC/...

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Open	3,080.00
High	3,080.00
Low	3,045.00
Prev Close	3,031.40
Volume	5,79,140
VWAP(₹)	3,058.28

Share Price	Value
Today/Current/Last	3,050.903,046.30
Previous Day	3,031.403,031.40

Waaree Energies Share Recommendations

Mean recosCurrent

BUY

15 Analysts

Strong
SellSellHoldBuyStrong
Buy

Analyst Trends

Ratings	Current	1W Ago	1M Ago	3M Ago
Strong Buy	4	4	4	4
Buy	7	7	6	5
Hold	-	-	-	-
Sell	2	2	3	2
Strong Sell	2	2	2	2
# Analysts	15	15	15	13

View all Stock Recommendations

News & Analysis

View all Waaree Energies Share News & Announcements

Financials

Income (P&L)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	8,659.98	7,761.23	6,226.54	4,597.18	4,140.92
Total Income Growth (%)	11.58	24.65	35.44	11.02	16.80
Total Expenses	7,204.14	6,198.93	4,899.00	3,610.57	3,238.74
Total Expenses Growth (%)	16.22	26.53	35.68	11.48	14.66
EBIT	1,455.84	1,562.30	1,327.54	986.61	902.18
EBIT Growth (%)	-6.81	17.68	34.56	9.36	25.19
Profit after Tax (PAT)	1,061.10	1,062.46	842.55	745.20	618.91
PAT Growth (%)	-0.13	26.10	13.06	20.41	25.62
EBIT Margin (%)	16.81	20.13	21.32	21.46	21.79
Net Profit Margin (%)	12.25	13.69	13.53	16.21	14.95
Basic EPS (₹)	36.91	36.95	29.33	25.94	21.59

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	6,978.25	6,515.85	5,316.38	3,567.10	3,482.50
Total Income Growth (%)	7.10	22.56	49.04	2.43	9.37
Total Expenses	5,737.77	5,099.93	3,722.80	2,650.38	2,657.91
Total Expenses Growth (%)	12.51	36.99	40.46	-0.28	5.49
EBIT	1,240.48	1,415.92	1,593.58	916.72	824.59
EBIT Growth (%)	-12.39	-11.15	73.83	11.17	24.06
Profit after Tax (PAT)	933.56	1,009.48	1,159.53	659.89	580.52
PAT Growth (%)	-7.52	-12.94	75.72	13.67	23.15
EBIT Margin (%)	17.78	21.73	29.97	25.70	23.68
Net Profit Margin (%)	13.38	15.49	21.81	18.50	16.67
Basic EPS (₹)	32.45	35.10	40.36	22.97	20.23

	FY 2026	FY 2025	FY 2024	FY 2023
Total Revenue	27,244.92	14,846.06	11,632.76	6,860.36
Total Revenue Growth (%)	83.52	27.62	69.56	132.88
Total Expenses	21,898.35	12,277.40	10,239.90	6,162.63
Total Expenses Growth (%)	78.36	19.90	66.16	117.96
Profit after Tax (PAT)	3,711.30	1,867.39	1,237.18	482.76
PAT Growth (%)	98.74	50.94	156.27	538.24
Operating Profit Margin (%)	21.20	18.83	13.44	11.55
Net Profit Margin (%)	13.98	12.92	10.85	7.15
Basic EPS (₹)	129.10	68.24	48.05	21.82

	FY 2026	FY 2025	FY 2024	FY 2023
Total Revenue	22,377.58	13,218.46	10,957.68	6,641.58
Total Revenue Growth (%)	69.29	20.63	64.99	132.82
Total Expenses	17,114.70	10,822.10	9,741.09	6,003.41
Total Expenses Growth (%)	58.15	11.10	62.26	117.76
Profit after Tax (PAT)	3,762.46	1,781.17	1,148.35	460.19
PAT Growth (%)	111.24	55.11	149.54	560.53
Operating Profit Margin (%)	26.01	19.80	12.59	10.94
Net Profit Margin (%)	17.92	13.95	10.71	7.04
Basic EPS (₹)	130.88	65.09	44.60	20.80

All figures in Rs Cr, unless mentioned otherwise

Insights

Beating 3 Yr Revenue CAGR
Company's annual revenue growth of 83.52% outperformed its 3 year CAGR of 57.63%. (Source: Consolidated Financials)
Employee & Interest Expense
Company has spent 1.06% of its operating revenues towards interest expenses and 2.26% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)

View Details

Balance Sheet

Annual	FY 2026	FY 2025	FY 2024	FY 2023
Total Assets	30,115.37	19,747.38	11,313.73	7,419.92
Total Assets Growth (%)	52.50	74.54	52.48	231.63
Total Liabilities	15,104.48	10,152.10	7,165.24	5,558.07
Total Liabilities Growth (%)	48.78	41.69	28.92	209.20
Total Equity	15,010.89	9,595.28	4,148.49	1,861.85
Total Equity Growth (%)	56.44	131.30	122.81	323.29
Current Ratio (x)	1.39	1.50	1.48	1.11
Total Debt to Equity (x)	0.17	0.10	0.08	0.15
Contingent Liabilities	0.00	-	-	-

Annual	FY 2026	FY 2025	FY 2024	FY 2023
Total Assets	23,128.91	17,851.60	10,673.91	7,333.18
Total Assets Growth (%)	29.56	67.25	45.56	259.58
Total Liabilities	9,999.25	8,444.32	6,570.95	5,390.31
Total Liabilities Growth (%)	18.41	28.51	21.90	234.59
Total Equity	13,129.66	9,407.28	4,102.96	1,942.87
Total Equity Growth (%)	39.57	129.28	111.18	353.58
Current Ratio (x)	1.23	1.49	1.50	1.12
Total Debt to Equity (x)	0.14	0.10	0.07	0.10
Contingent Liabilities	0.00	2,404.15	1,744.44	1,326.12

All figures in Rs Cr, unless mentioned otherwise

View Details

Cash Flows

Annual	FY 2026	FY 2025	FY 2024	FY 2023
Net Cash flow from Operating Activities	1,626.95	3,158.21	2,305.02	1,560.23
Net Cash used in Investing Activities	-3,953.18	-6,808.37	-3,340.25	-2,093.82
Net Cash flow from Financing Activities	2,573.11	4,035.74	909.18	642.48
Net Cash Flow	264.33	388.44	-132.27	114.47
Closing Cash & Cash Equivalent	774.16	509.83	121.39	253.65
Closing Cash & Cash Equivalent Growth (%)	51.85	320.01	-52.15	82.24
Total Debt/ CFO (x)	1.53	0.30	0.14	0.18

Annual	FY 2026	FY 2025	FY 2024	FY 2023
Net Cash flow from Operating Activities	704.89	2,939.87	2,116.33	1,491.72
Net Cash used in Investing Activities	-1,360.27	-6,764.50	-3,246.13	-2,246.22
Net Cash flow from Financing Activities	510.09	4,076.83	960.47	871.80
Net Cash Flow	-134.69	249.34	-175.55	122.91
Closing Cash & Cash Equivalent	187.82	322.51	73.17	248.72
Closing Cash & Cash Equivalent Growth (%)	-41.76	340.76	-70.58	97.69
Total Debt/ CFO (x)	2.58	0.31	0.13	0.13

All figures in Rs Cr, unless mentioned otherwise

Insights

Aggressive Profit Recognition
Over last 5 years, operating cash flow has been continuously falling as compared to company's net profit. (Source: Consolidated Financials)
Cash from Operations vs PAT
Operating cash flow of Rs 1626.95 cr is 0.44 times compared to the reported net profit of Rs 3711.3 cr. (Source: Consolidated Financials)

View Details

Ratios

Annual	FY 2026	FY 2025	FY 2024	FY 2023
Return on Equity (%)	25.70	19.69	30.26	26.25
Return on Capital Employed (%)	32.32	24.82	26.02	31.31
Return on Assets (%)	12.32	9.45	10.93	6.50
Interest Coverage Ratio (x)	23.59	20.54	12.93	11.48
Asset Turnover Ratio (x)	1.06	0.93	1.22	1.40
Price to Earnings (x)	24.10	37.04	-	-
Price to Book (x)	6.19	7.29	-	-
EV/EBITDA (x)	12.95	19.99	-	-
EBITDA Margin (%)	24.93	21.62	15.87	13.98

Annual	FY 2026	FY 2025	FY 2024	FY 2023
Return on Equity (%)	28.65	18.93	27.98	23.68
Return on Capital Employed (%)	38.50	23.99	24.14	28.74
Return on Assets (%)	16.26	9.97	10.75	6.27
Interest Coverage Ratio (x)	31.06	21.63	12.12	11.32
Asset Turnover Ratio (x)	1.02	0.89	1.19	1.39
Price to Earnings (x)	23.81	38.91	-	-
Price to Book (x)	6.81	7.35	-	-
EV/EBITDA (x)	14.12	22.12	-	-
EBITDA Margin (%)	29.38	22.31	15.06	13.31

Found Financials useful?

5 Days	14 Days	28 Days
65.37	79.36	91.28

Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
Waaree Energies	23.65	5.85	25.70	32.32	12.32	57.63	21.20	14.63	129.10	1.39	0.17	1.53
Premier Energies Ltd.	31.37	10.99	35.04	27.81	13.92	75.36	27.17	19.22	33.63	1.83	0.84	2.87
SterlingWilson Solar	-15.92	7.57	-47.62	40.88	-5.81	53.25	6.55	-3.91	-13.25	1.16	1.79	-4.52
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Annual Ratios (%)

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Stock Performance

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NAME	1D	1W	1M	3M	1Y	3Y	5Y
Waaree Energies Stock Performance	0.65	-0.58	-12.15	5.29	2.30	0.00	0.00
Premier Energies Ltd. Stock Performance	1.05	6.96	4.99	35.99	-3.48	0.00	0.00
SterlingWilson Solar Stock Performance	1.33	3.90	0.70	2.50	-24.74	-26.46	-12.87
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Found Peer Comparison useful?

Category	No. of Shares	Percentage	% Change QoQ
Promoters	18,46,42,013	64.19 %	-0.03
Pledge	0	0.00 %	0.00
FII	2,02,90,701	7.06 %	0.15
DII	1,24,13,857	4.32 %	1.48
MF	85,78,468	2.98 %	1.67
Others	7,03,04,764	24.43 %	-1.59

Category	Mar 2026	Dec 2025	Sep 2025	Jun 2025
Promoters	64.19	64.22	64.22	64.30
Pledge	0.00	0.00	0.00	0.00
FII	7.06	6.91	6.35	2.67
DII	4.32	2.84	2.80	2.86
Mutual Funds	2.98	1.31	1.32	1.42
Others	24.43	26.03	26.63	30.17

Mutual Funds Ownership

MF Ownership as on 31 May 2026

Motilal Oswal Large and Midcap Direct-G
Equity: Large & MidCap
5
- 672.26
  Amount Invested (in Cr.)
- 3.86%
  % of AUM
- 0.00
  % Change (MoM basis)
Motilal Oswal Midcap Direct-G
Equity: Mid Cap
3
- 723.21
  Amount Invested (in Cr.)
- 1.98%
  % of AUM
- 93.59
  % Change (MoM basis)
Motilal Oswal Flexi Cap Direct-G
Equity: Flexi Cap
3
- 534.22
  Amount Invested (in Cr.)
- 4.13%
  % of AUM
- 2.45
  % Change (MoM basis)

View all Mutual Fund Schemes

Corporate Actions

Recent
General Meeting
-
May 14, 2026
Final
20%
Apr 29, 2026
Board Meeting
Audited Results & Others
Apr 24, 2026

Board Meetings

Announced on	Meeting on
Apr 24, 2026	Apr 29, 2026
Audited Results & Others
Jan 17, 2026	Jan 21, 2026
Quarterly Results
Oct 13, 2025	Oct 16, 2025
Quarterly Results & Interim Dividend
Jul 23, 2025	Jul 28, 2025
Quarterly Results
Apr 16, 2025	Apr 22, 2025
Audited Results

Dividends
Announced on Ex-Date Dividend%
Oct 17, 2025 Oct 24, 2025 20%
Apr 29, 2026 - 20%
Bonus
No Data Available
Splits
No Data Available
Rights
No Data Available
AGM/EGM Meetings
Announced on Meeting on
May 14, 2026 Jun 15, 2026
-
Sep 03, 2025 Sep 24, 2025
-
Jul 03, 2025 Aug 05, 2025
-
May 14, 2025 Jun 16, 2025
-
Feb 17, 2025 Mar 20, 2025
-

Announced on	Ex-Date	Dividend%
Oct 17, 2025	Oct 24, 2025	20%
Apr 29, 2026	-	20%

Announced on	Meeting on
May 14, 2026	Jun 15, 2026
-
Sep 03, 2025	Sep 24, 2025
-
Jul 03, 2025	Aug 05, 2025
-
May 14, 2025	Jun 16, 2025
-
Feb 17, 2025	Mar 20, 2025
-

About Waaree Energies

Waaree Energies Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 87,759.55 Crore) operating in Engineering sector.

Waaree Energies Ltd. key Products/Revenue Segments include Solar Power Products, Sale of services, Other Operating Revenue, Scrap and Power Generation for the year ending 31-Mar-2025.

For the quarter ended 31-03-2026, the company has reported a Consolidated Total Income of Rs 8,659.98 Crore, up 11.58 % from last quarter Total Income of Rs 7,761.23 Crore and up 109.13 % from last year same quarter Total Income of Rs 4,140.92 Crore. Company has reported net profit after tax of Rs 1,126.26 Crore in latest quarter.

The company’s top management includes Mr.Hitesh Chimanlal Doshi, Mr.Anuj Sharma, Mr.Jignesh Rathod, Mr.Pawan Agarwal, Mr.Hitesh Pranjivan Mehta, Mr.Viren Chimanlal Doshi, Mr.Rajender Mohan Malla, Mr.Rajinder Singh Loona, Ms.Richa Manoj Goyal, Ms.Sonal Shrivastava, Mr.Rajesh Ghanshyam Gaur. Company has S R B C & Co. LLP as its auditors. As on 31-03-2026, the company has a total of 28.77 Crore shares outstanding.

Waaree Energies Share Price Today is Rs. 3050.90. On previous day, the Waaree Energies Share Price (NSE) closed at Rs. 3013.9, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 64.19% of the stake in Waaree Energies shares, out of which 0.0% was pledged. On the same date, foreign institutional investors' (FII) holdings of Waaree Energies stocks was 7.06% as compared to 6.91% in Dec 2025 with increase of 0.15%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 4.32% as compared to 2.84% in Dec 2025 with increase of 1.48%. Out of the total DII holdings in Waaree Energies shares 2.98% was held by mutual funds. The rest including public held is 24.43%. Waaree Energies stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
Waaree Energies Dividend: Ever since 1990, Waaree Energies dividends has been paid out around 2 times. As on 15 Jun, 2026, 03:58 PM IST, The overall dividend yield for Waaree Energies stands at 0.13%. The last dividend paid was on October 24, 2025 (Rs. 2.0). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 129.02.

Waaree Energies Bonus: The most recent bonus issue had been in year null around 0 years ago at 0 : 0 ratio. The first bonus issue was announced in null.

Stock Forecast:
After showing 8659.98 Cr. of sales and 0.0% of quarterly net null, there have been multiple ups and downs in the Waaree Energies stock prices in the past few weeks. For example, Waaree Energies stock price on 5th of June 2026 was around Rs. 3053.0. Waaree Energies share price now stands at an average of Rs. 3050.90. Judging by last week's performance, stock is in down trend.

Waaree Energies has a median target price of Rs. 3557.4 in 12 months by 15 analysts. They have provided a high estimate of Rs. 4400.0 and low estimate of Rs. 2109.0 for Waaree Energies share.

Historical Prices and Performance:
Waaree Energies, incorporated in 1990 is a Large Cap company (with a market cap of Rs. 87198.63) operating in Engineering sector.
The Return of Equity (ROE) in last five financial years given by Waaree Energies stock was 25.7%, 19.69%, 30.26%, 26.25% and 17.68% respectively.
The Waaree Energies share gave a 3 year return of 0.0% as compared to Nifty 50 which gave a return of 0.0%.
Waaree Energies announced 20.0% final dividend on October 24, 2025.

Key Metrics:
PE Ratio of Waaree Energies is 23.5
Prices/Sales Ratio of Waaree Energies is 3.37
Price/Book Ratio of Waaree Energies is 5.81

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Waaree Energies, major competitors and peers include Premier Energies Ltd. and SterlingWilson Solar. As of Dec 2025, the dividend yield of Waaree Energies stands at 0.13% while Premier Energies Ltd. and SterlingWilson Solar stand at 0.0% and 0.0% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 23.5 and 5.81 respectively.

Leadership of Waaree Energies :
Rajesh Ghanshyam Gaur is Co. Secretary & Compl. Officer
Sonal Shrivastava is Chief Financial Officer
Anuj Sharma is CEO - Hydrogen
Pawan Agarwal is CEO - Infrastructure
Abhishek Pareek is Group Head - Finance
Sunil Rathi is Director - Sales
Jignesh Rathod is Director - Operations
Hitesh Chimanlal Doshi is Chairman & Managing Director
Hitesh Pranjivan Mehta is Whole Time Director
Viren Chimanlal Doshi is Whole Time Director
Jignesh Rathod is WholeTime Director & CEO
Rajender Mohan Malla is Independent Director
Richa Manoj Goyal is Independent Director
Rajinder Singh Loona is Independent Director

Industry

Engineering - EPC/Solar Module

Key Indices Listed On

Nifty Midcap 100, Nifty 200, Nifty 500, BSE 500, BSE LargeCap

Address

602, 6th Floor, Western Edge - I,Western Express Highway,Borivali (East),Mumbai, Maharashtra - 400066

Contact

investorrelations@waaree.com

http://www.waaree.com

PE Ratio(x)	23.65
EPS - TTM(₹)	129.02
MCap(₹ Cr.)	87,759.55
MCap Rank	6
PB Ratio(x)	5.81
Div Yield(%)	0.13
Face Value(₹)	10.00
52W High(₹)	3,865.00
52W Low(₹)	2,403.00
MCap/Sales	3.37
Beta(1 Month)	-
BV/Share(₹)	521.84

PE Ratio(x)	23.61
EPS - TTM(₹)	129.02
MCap(₹ Cr.)	87,627.23
MCap Rank	6
PB Ratio(x)	5.81
Div Yield(%)	0.13
Face Value(₹)	10.00
52W High(₹)	3,864.40
52W Low(₹)	2,402.00
MCap/Sales	3.37
Beta(1 Month)	-
BV/Share(₹)	521.84

1 Day	0.65%
1 Month	0.96%
3 Months	11.89%
1 Year	8.01%
3 Years	N.A.
5 Years	N.A.

1 Day	0.49%
1 Month	0.79%
3 Months	11.77%
1 Year	7.91%
3 Years	N.A.
5 Years	N.A.

R1	3072.27	Pivot 3058.63	S1	3037.27
R2	3093.63		S2	3023.63
R3	3128.63		S3	2988.63

Waaree Energies Share Price

Key Metrics