1. India Stocks

  2. •

    Electronic technology

  3. •

    Semiconductors
WAAREE Energies Limited

WAAREE Energies Limited

2,370.00
INR
-85.00
(-3.46%)
135.27EPS
22.78P/E
847.71BMarket Cap
Nov 23Next Earn
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
67.59
98.98
230.02
395.82
525.29
902.85
987.99
Basic EPS, GAAP
1.62
2.63
16.8
43.06
68.24
129.1
129.36
Free Cash Flow per Basic Share
-4.39
7.11
24.18
33.51
-4.23
-113.22
- -
Dividend per Share
- -
0.02
0.01
0.02
- -
2
- -
Book Value per Share
12.27
14.89
63.99
142.29
329.96
501.9
- -
Tangible Book Value per Share
11.76
14.4
63.52
141.83
329.59
500.19
- -
Basic Weighted Avg Shares
287
287
287
287
274
287
287
Sales/Revenue/Turnover
19,418
28,436
66,080
113,712
143,755
259,547
284,029
Operating Margin (%)
3.47
2.49
10.21
11.45
16.26
19.11
17.12
Depreciation Expense
323
433
1,641
2,768
4,025
9,897
10,799
Net Income, GAAP
466
756
4,828
12,372
18,674
37,113
37,190
Effective Tax Rate (%)
31.47
32.71
26.12
26.51
24.82
23.11
22.52
Profit Margin (%)
2.4
2.66
7.31
10.88
12.99
14.3
13.09
Working Capital
1,458
-1,535
5,537
25,899
42,092
48,693
- -
LT Debt
2,332
2,317
1,839
3,101
2,485
14,614
- -
Total Equity
3,927
4,399
18,619
41,485
95,953
150,109
- -
Return on Invested Capital (%)
- -
6.52
25.96
28.86
20.65
23.55
- -
Return on Capital (%)
- -
11.54
28.47
32.24
22.95
24.73
- -
Return on Common Equity (%)
- -
19.39
42.61
41.75
27.53
31.04
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
22,305
- -
LT Borrowings
- -
8,151
- -
LT Finance Leases
- -
6,462
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
288
288
288
Market Capitalization
853,747
894,538
847,708

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
175,770
- -
Cash, Cash Equivalents & STI
- -
25,287
- -
Accounts Receivable, Net
- -
24,923
- -
Inventories
- -
58,556
- -
Total Current Liabilities
- -
127,077
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
22,305
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
129.17%
56.44%
Free Cash Flow
- -
522.61%
2,708.54%
Net Income, GAAP
- -
181.31%
98.74%
Sales/Revenue/Turnover
- -
71.58%
80.55%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
34,089
- -
34,573
40,039
143,755
2026
44,258
- -
75,651
84,803
259,547
2027
79,318
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
13.72
- -
18.41
21.59
68.24
2026
25.94
- -
36.95
36.91
129.1
2027
29.56
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
2
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jignesh Devchandbhai Rathod
Full Time Employees
10,633
Sector
Electronic technology
Industry
Semiconductors
Address
602, 6th Floor, Western Edge - I Mumbai MA India 400066
IPO Date
Oct 28, 2024
Website
waaree.com
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Business
Waaree Energies Ltd (WAAREEENER.NS) manufactures and exports solar photovoltaic modules and provides integrated renewable energy solutions; its core products and services include N-type TOPCon, N-type HJT, Mono PERC, and BIPV solar PV modules; solar rooftop solutions for residential, commercial, and industrial applications; engineering, procurement, and construction (EPC) services for solar power projects; solar water pumps; independent power production; battery energy storage systems; inverters; and electrolyzers for green hydrogen production. The company, founded in 1990 and headquartered in Mumbai, India, operates five solar module manufacturing facilities in India with an aggregate installed capacity of 15.1 GW, a 5.4 GW solar cell manufacturing facility in Gujarat, and additional 4.2 GW capacity in the United States across Texas, Arizona, and under expansion; it maintains presence in over 388 locations in India and 68 countries internationally, targeting utility-scale solar projects, commercial and residential rooftops, and institutional customers in the renewable energy sector. Recent developments include the acquisition of a 64% stake in transformer manufacturer Kotsons for ₹192 crore in 2025 to enhance backward integration and supply chain reliability for solar installations; commissioning of India's largest 20 GWh battery energy storage manufacturing facility, a 10 GW ingot-wafer-cell facility, and a 4 GW inverter manufacturing plant; plans for a gigawatt-scale electrolyzer facility to support green hydrogen; a ₹81.75 billion investment across clean energy subsidiaries including ₹3 billion in Waaree Energy Storage Solutions; launch of a subsidiary's 1,500 MW solar module plant in November 2025; and equity shares debut on the stock market in October 2024 with strong subscription response.