Waaree Energies Ltd (WAAREEENER) — shareholding pattern, promoter holding, financials and share price
About Waaree Energies Ltd (WAAREEENER)
Waaree Energies Ltd operates in the Other Electrical Equipment industry, within the Capital Goods sector. It trades on the NSE as WAAREEENER and on the BSE under scrip code 544277. Its ISIN is INE377N01017.
Incorporated in December 1990, Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW. [1] WEL has five solar module manufacturing facilities in India, with international presence.
Waaree Energies Limited is the largest manufacturer of solar PV modules in India, operating a broad production capacity and committed to renewable energy solutions.
The company has achieved outstanding financial results, including a YoY revenue increase of 118.8% and a doubled operating EBITDA, reflecting robust operational efficiencies and strategic growth initiatives.
Listed peers in Other Electrical Equipment: Apar Industries Ltd, Premier Energies Ltd, Emmvee Photovoltaic Power Ltd, Sedemac Mechatronics Ltd, Diamond Power Infrastructure Ltd, Avalon Technologies Ltd.
Valuation & Returns
10 Jul 2026At ₹2,922.1 a share on 10 Jul 2026, Waaree Energies Ltd (WAAREEENER) was valued at a price-to-earnings ratio of 21.64x against an industry P/E of 52.37x and a price-to-book of 8.87x on a book value of ₹329.54 per share as of Mar 2025. Solomo computes return on equity of 40.98% and return on capital employed of 49.94% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 21.64x
- Industry P/E
- 52.37x
- P/B
- 8.87x
- EPS (TTM)
- ₹135.03
- Book value / share
- ₹329.54
- ROE
- 40.98%
- ROCE
- 49.94%
- ROA
- 19.67%
- Debt / equity
- 0.13x
- Dividend yield
- 0.07%
- EBITDA margin
- 23.82%
- 52-week range
- ₹2,402 – ₹3,864.4
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Waaree Energies Ltd (WAAREEENER) reported revenue of ₹26,537 crore, net profit of ₹3,884 crore and earnings per share of ₹129.02. That compares with revenue of ₹14,444 crore and net profit of ₹1,928 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹8,480 crore and net profit ₹1,126 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 2,854 | 6,751 | 11,398 | 14,444 | 26,537 |
| Net profit (₹ cr) | 80 | 500 | 1,274 | 1,928 | 3,884 |
| EPS (₹) | 3.84 | 24.49 | 62.76 | 65 | 129.02 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 48.57% | 71.69% | 26.73% |
| Profit growth | 118.16% | 189.28% | 51.30% |
| Stock price CAGR | - | - | -14% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 64.12% of Waaree Energies Ltd (WAAREEENER) (down 0.07 pp QoQ), foreign institutional investors (FII) hold 8.57% and domestic institutional investors (DII) hold 4.08%. Market capitalisation was ₹84,055 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2024.
Largest disclosed public shareholders in Jun 2026: Motilal Oswal Midcap Fund 2.47%, Kalpraj Damji Dharamshi 2.12%, Vt Energy Srl 1.91%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 64.12% | - | 8.57% | 4.08% | 35.88% |
| Mar 2026 | 64.19% | - | 7.05% | 4.32% | 35.81% |
| Dec 2025 | 64.22% | - | 6.91% | 2.86% | 35.78% |
| Sep 2025 | 64.22% | - | 6.35% | 2.82% | 35.78% |
| Jun 2025 | 64.3% | - | 2.68% | 2.86% | 35.7% |
| Mar 2025 | 64.3% | - | 0.7% | 2.46% | 35.7% |
| Dec 2024 | 64.3% | - | 1.4% | 2.7% | 35.7% |