Is Waaree Energies (WAAREEENER) overvalued or fairly valued?

MarketChacha shows Waaree Energies's valuation in context — a forward P/E of about 15.4, a price-to-book of about 5.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Waaree Energies's revenue?

Waaree Energies reported revenue of ₹20,991 Cr for FY2026, with net profit of ₹3,762 Cr, per official filings.

What is the share price of Waaree Energies (WAAREEENER)?

Waaree Energies last traded at ₹2,515.00 (-2.0% on the day), as of 10/19/2026 — a delayed quote shown for education, not investment advice.

Waaree Energies

WAAREEENER · NSE · Power · India

Snapshot

TickerWAAREEENER

ExchangeNSE

SectorPower

IndustrySolar

CountryIndia

Employees2,110

HeadquartersMumbai, India

Websitewaaree.com

Filings tracked16

About Waaree Energies

Waaree Energies Limited manufactures and trades in solar photovoltaic modules in India and internationally. It operates through Solar Photovoltaic Modules; Generation of Power; and Engineering, Procurement and Construction Contract segments. The company offers PV modules, such as HJT, N Type, mono PERC, flexible, and special modules; single and three phase on-grid inverter; solar kits; battery energy storage system; electrolyzer stacks; smart meter; transformer; and Waaree lights. It also provides engineering, procurement, and construction services; asset management; and solar systems for emerging, hybrid, and niche formats, including tracker-integrated systems, agrovoltaics, BIPV, and repowering legacy plants. The company serves engineering, procurement and construction companies; power production companies; power generation utilities; and individual consumers. The company was founded in 1989 and is based in Mumbai, India.

Who owns it

Promoters68.2%
Institutions9.2%
Public & other22.6%

152 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend12.9% → 14.0%

Margin has expanded by about 1.1 points — the business is getting more profitable.

Growth qualityrev 36% · PAT 44%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next fiscal year

Rev ₹40,886 Cr · EPS 160.19

Est. earnings growth +8.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 5

Revenue (FY2026)

₹26,537 Cr

Net margin

14.0%

Profit CAGR (2y)

+73.2%

Net profit (FY2026)

₹3,711 Cr

Ask MarketChacha about WAAREEENER

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Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹26,537 Cr	₹3,711 Cr	14.0%
FY2025	₹14,445 Cr	₹1,867 Cr	12.9%
FY2024	—	₹1,237 Cr	—

Quarterly

Period	Revenue	Net profit	Net margin
Q1 FY27	₹7,932 Cr	₹850 Cr	10.7%
Q4 FY26	₹8,480 Cr	₹1,061 Cr	12.5%
Q3 FY26	₹7,565 Cr	₹1,062 Cr	14.0%
Q2 FY26	₹6,066 Cr	₹843 Cr	13.9%
Q1 FY26	₹4,426 Cr	₹745 Cr	16.8%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

Filings & announcements

2026

Letter Sent To The Shareholders
Enclosed is the letter sent to the shareholders.
BSE9/2/2026
Business Responsibility and Sustainability Reporting (BRSR)
Business Responsibility and Sustainability Reporting (BRSR).
BSE9/2/2026
Reg. 34 (1) Annual Report.
Attached herewith Annual Report for FY 2025-26.
BSE9/2/2026
Enclosed Is The Notice Of The 36Th Annual General Meeting Of The Company To Be Held On September 24, 2026 At 11:00 A.M. (IST).
Enclosed is the Notice of the 36th Annual General Meeting of the Company to be held on September 24, 2026 at 11:00 A.M. (IST).
BSE9/2/2026material
Intimation Regarding Execution Of The Share Subscription And Shareholders'' Agreement (SSA) And Energy Supply Agreement(ESA) By The Wholly Owned Subsidiary.
Intimation regarding execution of the Share subscription agreement and Shareholders'' Agreement and Energy Supply Agreement (ESA) by the Wholly owned Subsidiary.
BSE8/12/2026
Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
BSE8/11/2026
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C T Doshi Family Trust
BSE8/10/2026
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chimanlal Doshi
BSE8/10/2026
Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for C T Doshi Trust
BSE8/10/2026
Monitoring Agency Report
Monitoring Agency Report on the utilisation of the proceeds raised through issuance of Equity Shares by way of Public Issue for the Quarter ended June 30, 2026.
BSE8/4/2026
Award_of_Order_Receipt_of_Order
Receipt of Order.
BSE8/1/2026material
Investor Presentation
Investor Presentation for Investor/Earning''s Call for the Financial Results for the quarter ended June 30, 2026.
BSE7/30/2026
Reporting Of Violation Under SEBI (PIT) Regulations, 2015
Reporting of Violation under SEBI (PIT) Regulations, 2015.
BSE7/29/2026
Commissioning Of Project.
Commissioning of Project.
BSE7/29/2026
Board Meeting Intimation for Consideration And Approval Of The Un-Audited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2026.
Waaree Energies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve Waaree Energies Limited has ....
BSE7/23/2026material
Award_of_Order_Receipt_of_Order
Receipt of Order.
BSE7/22/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.