Waaree Energies share price
NSE: WAAREEENERBSE: 544277Electrical EquipmentMid Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹2,370.00.
- Next results date: the board meets on 27 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹67,739 Cr124th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 30 Apr 2026
- 4.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.17%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 29 Jul 2026
- 29.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 30 Apr 2026
- 0.17
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 7,57,51942.1% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 29 Jul
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹7,932 Crdown 6.47%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹892 Crdown 20.81%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 11.2%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 19 Nov | Dec 2024Filed 30 Jan | Mar 2025Filed 12 Jun | Jun 2025Filed 28 Jul | Sep 2025Filed 16 Oct | Dec 2025Filed 21 Jan | Mar 2026Filed 30 Apr | Jun 2026Filed 29 Jul |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,574 | 3,457 | 4,004 | 4,426 | 6,066 | 7,565 | 8,480 | 7,932 |
| Net profit | 376 | 507 | 644 | 773 | 878 | 1,107 | 1,126 | 892 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 10.5% | 14.7% | 16.1% | 17.5% | 14.5% | 14.6% | 13.3% | 11.2% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Solar Photovoltaic ModulesSolar Photovoltaic Modules, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹24,133 Crup 86.26%87.9%
- Engineering, procurement and construction (EPC) contractsEngineering, procurement and construction (EPC) contracts, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,282 Crup 110.46%12.0%
- Generation of powerGeneration of power, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹34 Cr0.1%
Valuation
Today, against the company's own history. Not shown, P/E: a results filing in the last twelve months restated the quarters before it inside its year to date, so the four quarters as the company reported them do not add to a twelve-month profit; the ratio returns once the trailing year no longer holds a quarter from before the restatement.PE ratio and valuation history
At or below today's level on 2% of 247 trading days over the last year.
At or below today's level on 2% of 247 trading days over the last year.
At or below today's level on 98% of 247 trading days over the last year.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +29.5% | +98.5% | −34.8% | 0.1% |
Mutual funds holding it
84 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 67 of the 69 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- AddedAdded. Funds that held more shares than at the end of the month before.
- 38
- CutCut. Funds that held fewer shares than at the end of the month before.
- 31
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 14
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 3
| Fund | |||
|---|---|---|---|
 Motilal Oswal Midcap FundMotilal Oswal Mutual Fund | 24,28,227 | 1.43% | ₹576.6 Cr |
| Motilal Oswal Large and Midcap FundMotilal Oswal Mutual Fund | 21,40,411 | 2.56% | ₹508.2 Cr |
| Motilal Oswal Flexi cap FundMotilal Oswal Mutual Fund | 17,00,905 | 3.00% | ₹403.9 Cr |
| Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund | 6,00,000 | 2.91% | ₹142.5 Cr |
 Aditya Birla Sun Life Midcap FundAditya Birla Sun Life Mutual Fund | 1,18,582 | 0.43% | ₹28.2 Cr |
| Motilal Oswal Nifty Midcap 150 Index FundMotilal Oswal Mutual Fund | 94,491 | 0.56% | ₹22.4 Cr |
 HDFC Large & Mid Cap FundHDFC Mutual Fund | 91,374 | 0.08% | ₹21.7 Cr |
 Nippon India ETF Nifty Midcap 150Nippon India Mutual Fund | 90,738 | 0.56% | ₹21.5 Cr |
| Nippon India Nifty Midcap 150 Index FundNippon India Mutual Fund | 63,557 | 0.56% | ₹15.1 Cr |
 JM Mid Cap FundJM Financial Mutual Fund | 59,285 | 1.08% | ₹14.1 Cr |
Peers and competitors
Other Electrical Equipment, 83 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Waaree Energies in market cap. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.
Waaree Energies is not on the chart: it has no P/E or return on equity today
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Apar IndustriesAPARINDS | 60,208 | 51.0 | 11.2 | 27.9 | +24.0% | +34.0% | 23.9% | 31.9% | 0.42% |
 Premier EnergiesPREMIERENE | 38,736 | 23.3 | 9.0 | 15.8 | +26.7% | – | 46.7% | 27.2% | 0.09% |
 Mtar TechnologiesMTARTECH | 19,871 | 148.9 | 24.2 | 88.7 | +53.4% | +125.1% | 17.2% | 16.1% | 0.00% |
 Diamond Power InfrastructureDIACABS | 18,842 | 95.9 | – | – | +92.6% | +416.5% | – | 12.2% | 0.00% |
 Emmvee Photovoltaic PowerEMMVEE | 16,336 | 11.5 | 3.7 | 8.1 | – | – | 53.1% | 33.4% | 0.42% |
 Avalon TechnologiesAVALON | 12,417 | 92.9 | 17.2 | 62.2 | +44.4% | +67.1% | 20.0% | 18.5% | 0.00% |
 Fujiyama Power SystemsUTLSOLAR | 11,111 | 37.8 | 8.7 | 17.9 | – | – | 23.1% | 33.3% | 0.00% |
 Genus Power InfrastructuresGENUSPOWER | 7,886 | 12.1 | 3.6 | 9.7 | +74.2% | +62.8% | 31.9% | 20.1% | 0.19% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 11 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹2.00 |
| 24 Oct 2025 | Interim | ₹2.00 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
Waaree Energies share price by year
Each calendar year to 2025.Waaree Energies share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 2,968.10 | +4.0% | 3,739.80 | 2,091.95 |
| 2024 | 2,854.60 | – | 3,636.60 | 2,338.90 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 2,367.00 | 2,367.00 | 2,295.00 | 2,354.90 | 2,329.11 | 7,57,519 | 42.1% |
| 22 Oct 2026 | 2,425.30 | 2,432.80 | 2,356.00 | 2,370.00 | 2,378.01 | 7,16,100 | 39.2% |
| 21 Oct 2026 | 2,498.00 | 2,498.00 | 2,406.20 | 2,455.00 | 2,443.37 | 7,10,644 | 38.8% |
| 19 Oct 2026 | 2,515.00 | 2,576.30 | 2,498.00 | 2,515.00 | 2,526.19 | 8,78,281 | 45.2% |
| 16 Oct 2026 | 2,494.00 | 2,565.40 | 2,462.00 | 2,565.40 | 2,537.16 | 11,94,976 | 68.7% |
| 15 Oct 2026 | 2,519.90 | 2,539.00 | 2,476.40 | 2,494.00 | 2,499.53 | 8,18,242 | 47.2% |
| 14 Oct 2026 | 2,451.00 | 2,539.00 | 2,429.00 | 2,516.00 | 2,508.17 | 11,21,513 | 35.9% |
| 13 Oct 2026 | 2,340.00 | 2,464.00 | 2,330.10 | 2,451.00 | 2,418.28 | 11,17,946 | 36.7% |
| 12 Oct 2026 | 2,325.00 | 2,362.60 | 2,325.00 | 2,345.00 | 2,345.66 | 4,99,868 | 49.1% |
| 9 Oct 2026 | 2,326.00 | 2,345.00 | 2,281.80 | 2,323.00 | 2,314.83 | 3,49,115 | 29.3% |
About Waaree Energies
Waaree Energies Limited makes solar photovoltaic modules, the panels that turn sunlight into electricity. Its modules serve utility-scale, rooftop and industrial uses. The company has been in the solar business since 2007. It was incorporated in 1990, and its registered office is in Borivali, Mumbai.
Beyond modules, the company builds capabilities across solar cells, inverters, transformers, smart meters, green hydrogen electrolysers and battery energy storage systems, which store electricity for later use. It also offers solar EPC (engineering, procurement and construction) services, which means it designs and builds solar plants for customers, and operation and maintenance of those plants.
Its module manufacturing runs at Chikhli, Samakhiali, Nandigram, Tumb, Surat and Noida in India, and in Texas in the United States, with Arizona facilities also in its US operations. It makes inverters at Sarodhi in Gujarat and has a battery energy storage plant at Rola in Gujarat. It is building an integrated ingot and wafer facility at Nagpur, Maharashtra. It also holds a stake in United Solar Holding Inc., an Oman polysilicon producer.
The company entered the solar sector in 2007 with its first module manufacturing line. Its acquisitions include a 55% stake in Associated Power Structures Private Limited, a 64% stake in Kotsons Private Limited, which makes transformers, a 76% stake in Racemosa Energy (India) Private Limited, which works in smart meters, and the manufacturing assets of Meyer Burger in Arizona. It holds other subsidiaries and step-down subsidiaries.
Dr. Hitesh Chimanlal Doshi is the founder and promoter of the Waaree Group. A promoter is the person or group that set up a company or controls it. He is the company's Chairman and Managing Director.
- Legal name
- Waaree Energies Limited
- NSE symbol
- WAAREEENER
- BSE code
- 544277
- ISIN
- INE377N01017
- Industry
- Electrical Equipment
- Listed
- Oct 2024
- Face value
- ₹10
- CIN
- L29248MH1990PLC059463
- Corporate identity number, the registrar of companies' code for it