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Capital Goods | Mid Cap
Health Score : 8.04Waaree Energies Ltd demonstrates a compelling financial profile, characterized by explosive growth and outstanding profitability. The company is expanding its revenues and profits at an exceptional rate, indicating strong market demand and successful business strategies. Its financial foundation is remarkably solid, with very low levels of debt, which significantly reduces financial risk and provides a stable base for future expansion. The company is highly profitable, converting its growing sales into strong returns for its investors. However, the company's rapid expansion presents some operational challenges. While it is efficient in collecting payments from customers, it faces difficulties in managing its inventory and using its assets to their full potential to generate sales. The company is heavily reinvesting its earnings back into the business for future growth, as shown by its high capital expenditures and a policy of not paying dividends. The future outlook appears very positive, driven by its growth and profitability, but its ability to improve operational efficiency will be important as it continues to scale.
Health Score : 8.04Waaree Energies Ltd demonstrates a compelling financial profile, characterized by explosive growth and outstanding profitability. The company is expanding its revenues and profits at an exceptional rate, indicating strong market demand and successful business strategies. Its financial foundation is remarkably solid, with very low levels of debt, which significantly reduces financial risk and provides a stable base for future expansion. The company is highly profitable, converting its growing sales into strong returns for its investors. However, the company's rapid expansion presents some operational challenges. While it is efficient in collecting payments from customers, it faces difficulties in managing its inventory and using its assets to their full potential to generate sales. The company is heavily reinvesting its earnings back into the business for future growth, as shown by its high capital expenditures and a policy of not paying dividends. The future outlook appears very positive, driven by its growth and profitability, but its ability to improve operational efficiency will be important as it continues to scale.
Overall Valuation Score
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Last Traded Time
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Price Movement Indicator
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P/E RATIO (TTM)
20.70
Industry Median
31.96
Mid Cap Median
39.33
P/E RATIO
20.98
P/B RATIO
5.39
Industry Median
5.27
Mid Cap Median
9.64
P/S RATIO
2.91
Industry Median
2.68
Mid Cap Median
3.26
Others
PEG RATIO
0.00
EV/EBITDA RATIO
11.41
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹2707 as on Aug 17, 2026.
Growth Score : 10.00The company is experiencing a period of phenomenal and exceptional growth across all key financial metrics. Revenue, operating profit, and net income are all expanding at an explosive pace. This indicates not only a strong market demand for its products or services but also the company's successful execution of its growth strategies. The rapid increase in assets shows it is investing heavily to support this expansion. This broad-based, powerful growth is a clear indicator of a company on a very strong upward trajectory, creating significant value for its shareholders.
Revenue Growth RateExcellentOperating Profit Growth RateExcellentEarnings Per Share (EPS) GrowthExcellentAsset Growth RateExcellentNet Income Growth RateExcellent| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 46.13 | 136.55 | 68.83 | 26.72 | 83.72 |
| Operating Profit Growth Rate | 24.71 | 688.68 | 88.28 | 72.94 | 117.08 |
| Earnings Per Share (EPS) Growth | 53.6 | 537.76 | 156.27 | 3.57 | 98.49 |
| Asset Growth Rate | 68.15 | 243.83 | 52.27 | 74.75 | 52.82 |
| Net Income Growth Rate | 66.67 | 525 | 154.8 | 51.33 | 101.45 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Waaree Energies Ltd | 8.04 | 20.98 | Neutral | 5909.00 | 130.80 | 3884.00 |
| 2 | Havells India Ltd | 7.96 | 48.20 | Overvalued | 2241.00 | 27.18 | 1689.00 |
| 3 | Kaynes Technology India Ltd | 7.54 | 67.26 | Highly Overvalued | 574.00 | 37.91 | 364.00 |
| 4 | Premier Energies Ltd | 7.51 | 30.47 | Neutral | 2377.00 | 3.15 | 1510.00 |
| 5 | Apar Industries Ltd | 6.83 | 67.94 | Overvalued | 1876.00 | 242.42 | 977.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Quarterly Report⬤29th Apr 26
Audited Consolidated Financial Results for the Quarter and Year Ended March 31, 2026
BULLISH SENTIMENT
Concall Report⬤27th Feb 26
Q3 FY26 Earnings Conference Call
BULLISH SENTIMENT
Concall Report⬤29th Jan 26
Q3 & 9M FY-26 Earnings Conference Call
BULLISH SENTIMENT
Quarterly Report⬤21st Jan 26
Quarterly Financial Results Q3 FY 2025–26
BULLISH SENTIMENT
Waaree Energies Ltd. is India's largest solar PV module manufacturer by installed capacity and a fully integrated solar energy solutions provider. The company specializes in manufacturing high-efficiency solar modules, offering comprehensive EPC services, developing solar power projects, and providing rooftop solar solutions for diverse clientele globally, establishing a strong market leadership position.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Waaree Energies Ltd's P/E ratio (TTM) is 20.70, compared to the industry median of 31.96 and large cap median of 39.33.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Waaree Energies Ltd's P/B ratio is 5.39, compared to the industry median of 5.27 and large cap median of 9.64.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Waaree Energies Ltd's P/S ratio is 2.91, compared to the industry median of 2.68 and large cap median of 3.26.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Waaree Energies Ltd's PEG ratio is N/A.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Waaree Energies Ltd's EV/EBITDA ratio is 11.41.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Waaree Energies Ltd's ROE is 26.90%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Waaree Energies Ltd's ROA is 19.62%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Waaree Energies Ltd's ROCE is 39%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Waaree Energies Ltd's operating margin is 22.27%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Waaree Energies Ltd's net margin is 14.64%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Waaree Energies Ltd's current ratio is 1.30.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Waaree Energies Ltd's debt-to-equity ratio is 0.11.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Waaree Energies Ltd's interest coverage ratio is 19.04.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Waaree Energies Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Waaree Energies Ltd's EPS is 98.49.
(Source line: "Ratios as of 17 Aug 2026, based on last traded price of ₹2707. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Waaree Energies Ltd. was incorporated in 2007, marking its entry into the nascent Indian solar sector. It commenced solar PV module manufacturing in 2010. Over the years, the company significantly expanded its manufacturing capacity, becoming India's largest solar module manufacturer. Waaree diversified into solar EPC services, project development, and rooftop solutions, establishing itself as a comprehensive solar energy player. The company has filed its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO) in 2021 and 2023, reflecting its continued growth trajectory.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Solar Module Manufacturing | 90-95% | Operating Profit |
| Solar EPC Services & Project Development | 5-10% | Operating Profit |
Hitesh Chimanlal Doshi (Chairman and Managing Director): An industry veteran with over two decades of experience in the solar energy sector, he has been instrumental in leading Waaree Energies to its prominent market position and growth.
Filed Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO) in 2021 and 2023 for listing on Indian stock exchanges, which is a major corporate action.
References
The Waaree Energies Ltd share price today is ₹2707 on NSE (WAAREEENER), as of 18 Aug 2026.
As of 17 Aug 2026, Waaree Energies Ltd share price is ₹2707, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, Waaree Energies Ltd's market cap is ₹77,311.92 crore (Large Cap).
Waaree Energies Ltd's current P/E ratio is 20.70, compared to the CONSUMER DURABLES sector average of 56.60.
Waaree Energies Ltd's current P/B ratio is 5.39.
Waaree Energies Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Waaree Energies Ltd's EPS (TTM) is ₹98.49.
Waaree Energies Ltd. is India's largest solar PV module manufacturer by installed capacity and a fully integrated solar energy solutions provider. The company specializes in manufacturing high-efficiency solar modules, offering comprehensive EPC services, developing solar power projects, and providing rooftop solar solutions for diverse clientele globally, establishing a strong market leadership position.
Waaree Energies Ltd is promoted by Waaree Group (Hitesh Chimanlal Doshi, Viren Chimanlal Doshi, Mahavir Chimanlal Doshi), holding 64.19% as of 17 Aug 2026.
Waaree Energies Ltd is listed on NSE (WAAREEENER) and BSE (544277). Its next quarterly results are expected on Q1 FY25 (expected August 2024, post-IPO listing).
Dividend Per Share (DPS)
Fixed Asset Turnover Ratio