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Waaree Energies Ltd (WAAREEENER.NS)
Mumbai, IN
Established in 1989 and based in Mumbai, India, Waaree Energies Limited is a leading manufacturer and global exporter of solar photovoltaic (PV) modules. The company supplies these advanced solar components for a diverse range of applications, spanning residential, commercial, industrial, and institutional sectors. Its operations are structured across three key divisions: solar PV module manufacturing, comprehensive EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) solutions, and an independent power producer (IPP) segment. Waaree's extensive product portfolio includes a wide array of module technologies, such as HJT, TOPCon, mono PERC, and polycrystalline variants, alongside flexible and specialized modules. Furthermore, it provides both off-grid and on-grid inverters, as well as essential solar-powered products like streetlights, water heaters, and water pumps. Beyond manufacturing, the company delivers end-to-end EPC services, ensuring the seamless development and implementation of solar projects, complemented by its robust O&M services for ongoing performance. In its capacity as an independent power producer, Waaree Energies actively generates renewable electricity.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.37% | +3.83% | +0.71% | +15.93% | -1.00% | +5.82% | +7.54% | +34.29% | +34.29% | +34.29% | +34.29% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 9 | +1 |
| Hold | 0 | 0 |
| Sell | 2 | 0 |
| Strong Sell | 3 | 0 |
-
Revenue growth Solar: +18.1%+83.7% ★ Q1'26: +111.8% (vs Q1'25)
-
EPS growth Solar: +43.7%+89.6% ★ Q1'26: +71.3% (vs Q1'25)
-
FCF margin FCF growth · Solar: +87.8%+1.1% Q1'26: -23.6% (vs Q1'25)
-
EBIT margin Solar: +4.0%+18.5% ★ Q1'26: +15.0% (vs Q1'25)
-
ROIC Solar: +1.3%+33.4% ★ Q1'26: +36.1% (vs Q1'25)
-
Share dilution Solar: 0.0%+4.8% Q1'26: +0.1% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Solar: 0.12×0.62× ★ Q1'26: 0.59× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2025 actual |
Mar 2026 12 Rev. Ana. 9 EPS Ana. |
Mar 2027 12 Rev. Ana. 14 EPS Ana. |
Mar 2028 14 Rev. Ana. 14 EPS Ana. |
Mar 2029 5 Rev. Ana. 3 EPS Ana. |
Mar 2030 2 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|
| Revenue |
144.45B
est: 142.55B (+1.3%)
|
258.57B
241.39B – 275.54B
+81.4% YoY
|
350.58B
319.35B – 390.12B
+35.6% YoY
|
412.80B
299.94B – 512.08B
+17.7% YoY
|
491.94B
489.06B – 494.81B
+19.2% YoY
|
570.50B
463.54B – 673.75B
+16.0% YoY
|
| EBITDA |
27.22B
est: 22.89B (+18.9%)
|
41.53B
38.77B – 44.25B
+81.4% YoY
|
56.30B
51.29B – 62.65B
+35.6% YoY
|
66.30B
48.17B – 82.24B
+17.7% YoY
|
79.01B
78.54B – 79.47B
+19.2% YoY
|
91.62B
74.44B – 108.20B
+16.0% YoY
|
| EBIT |
23.19B
est: 19.21B (+20.7%)
|
34.85B
32.54B – 37.14B
+81.4% YoY
|
47.26B
43.05B – 52.59B
+35.6% YoY
|
55.64B
40.43B – 69.03B
+17.7% YoY
|
66.31B
65.92B – 66.70B
+19.2% YoY
|
76.90B
62.48B – 90.82B
+16.0% YoY
|
| Net Income |
18.67B
est: 22.18B (-15.8%)
|
39.82B
37.47B – 42.16B
+79.5% YoY
|
46.73B
42.09B – 50.27B
+17.4% YoY
|
49.48B
39.69B – 59.60B
+5.9% YoY
|
62.13B
52.73B – 67.85B
+25.6% YoY
|
76.61B
57.94B – 94.63B
+23.3% YoY
|
| SGA |
12.02B
est: 10.29B (+16.9%)
|
18.66B
17.42B – 19.88B
+81.4% YoY
|
25.30B
23.05B – 28.15B
+35.6% YoY
|
29.79B
21.64B – 36.95B
+17.7% YoY
|
35.50B
35.29B – 35.71B
+19.2% YoY
|
41.17B
33.45B – 48.62B
+16.0% YoY
|
| EPS |
68.24
est: 65.22 (+4.6%)
|
138.10
130.09 – 146.36
+111.8% YoY
|
160.26
146.12 – 174.53
+16.0% YoY
|
174.82
137.77 – 206.89
+9.1% YoY
|
205.95
183.06 – 235.53
+17.8% YoY
|
265.95
201.13 – 328.52
+29.1% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-27 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-26 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-25 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-22 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-21 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-20 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-19 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-18 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-15 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-14 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-13 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-12 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-11 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-08 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-07 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-06 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-05 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-04 | A- | 4/5 | 4/5 | 5/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 4/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-15 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Hitesh Chimanlal Doshi | MD & Chairman | 988.0K | male |
| Virenkumar Chimanlal Doshi | Whole-time Director | 592.0K | male |
| Hitesh Pranjivan Mehta | Whole-time Director | 592.0K | male |
| Jignesh Devchandbhai Rathod | Chief Executive Officer & Whole time Director | 381.0K | male |
| Abhishek Pareek | Chief Financial Officer | 146.0K | male |
| Rajesh Ghanshyam Gaur | Company Secretary & Compliance Officer | 30.0K | male |
| Avadhut Parab | Chief Information Officer | — | male |
| Manoj Kumar Sinsinwar | Chief Legal Officer | — | male |
| Sunil Nandkishor Rathi | Director of Sales | — | male |
| Ashish Sharma | President | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for WAAREEENER.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
