TipHub

₹2,501

▼ -53.91 -2.11%

16 Sept 2026

NSE Listed

Waaree Energies Limited (WAAREEENER)

Volume: 6,24,441Avg Vol 1W: 6,67,457Avg Vol 1M: 5,26,544.852W Range:₹2,403₹3,728
NSE BSE www.waaree.com AI Report
Key Ratios
Checked 2h ago
Market Cap₹71,942 Cr
Current Price₹2,501
Previous Close₹2,554.91
High / Low (52w)₹3,728 / ₹2,403
Volume6,24,441
Avg Vol (1W)6,67,457
Avg Vol (1M)5,26,544.8
Stock P/E17.83
Book Value₹501.9
Dividend Yield8%
ROE25.71%
ROA13.29%
Revenue (TTM)₹27,245 Cr
Revenue Growth26.7%
Profit Margin12.7%
Total Debt₹24 Cr
Shares Outstanding29 Cr
Face Value₹10
EPS (TTM)₹140.24
P/B4.98
Debt / Equity0.13
50 DMA₹2,690.59
200 DMA₹2,909.29
Day change-2.11%
Price Chart
₹2,501▼ 30.12% · 1Y
₹3627₹24191.5Cr
2025-09-16
2026-09-16

20-day avg volume: 5.3L shares

Pros
  • Healthy return on equity of 25.7%.
  • Pays a dividend yield of 8.0%.
  • Company is almost debt-free.
  • Net profit is growing year over year.
Cons
  • Revenue fell 20% YoY.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹3,574 Cr₹3,457 Cr₹4,004 Cr₹4,426 Cr₹6,066 Cr₹7,565 Cr₹8,480 Cr₹7,932 Cr
EBITDA₹530 Cr₹721 Cr₹906 Cr₹987 Cr₹1,328 Cr₹1,857 Cr₹1,456 Cr₹1,281 Cr
Net Profit₹362 Cr₹493 Cr₹619 Cr₹745 Cr₹843 Cr₹1,062 Cr₹1,061 Cr₹850 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹14,846 Cr₹3,323 Cr₹3,370 Cr₹4,582 Cr₹6,291 Cr₹27,245 Cr₹6,748 Cr₹6,222 Cr
EBITDA₹2,721 Cr₹825 Cr₹917 Cr₹1,594 Cr₹1,711 Cr₹5,627 Cr₹1,240 Cr₹1,034 Cr
Net Profit₹1,867 Cr₹581 Cr₹660 Cr₹1,160 Cr₹1,009 Cr₹3,711 Cr₹934 Cr₹739 Cr
EPS67.96————128.84——
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹819 Cr₹938 Cr₹1,281 Cr₹2,172 Cr₹7,420 Cr₹11,314 Cr₹19,485 Cr₹30,115 Cr
Total Liabilities₹562 Cr₹599 Cr₹895 Cr₹1,732 Cr₹5,558 Cr₹7,165 Cr₹9,890 Cr₹15,104 Cr
Equity₹257 Cr₹340 Cr₹385 Cr₹440 Cr₹1,862 Cr₹4,148 Cr₹9,595 Cr₹15,011 Cr
Total Debt————————
Cash Flow
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹123 Cr₹95 Cr₹89 Cr₹724 Cr₹1,661 Cr₹2,640 Cr₹3,901 Cr₹2,776 Cr
Investing₹16 Cr₹-22 Cr₹-250 Cr₹-674 Cr₹-2,094 Cr₹-3,340 Cr₹-6,808 Cr₹-3,953 Cr
Financing₹-106 Cr₹-50 Cr₹161 Cr₹101 Cr₹642 Cr₹909 Cr₹4,036 Cr₹2,573 Cr
Free Cash Flow₹123 Cr₹95 Cr₹89 Cr₹724 Cr₹1,661 Cr₹2,640 Cr₹3,901 Cr₹2,776 Cr
Shareholding
Promoter 64.12% Institutions 12.65% Public 23.23%
Efficiency & Working Capital
ROCE29.3%
Interest Coverage17.9
Dividend Payout—
Debtor Days34 d
Inventory Days81 d
Payable Days49 d
Cash Conversion Cycle65 d
Working Capital Days115 d
Shareholding Details

As of 2026-06-30

Promoter64.1%
FII8.6%
DII4.1%
Institutions12.6%
Public23.2%
Promoter Pledge0%
No. of Shareholders7,31,601
Shareholding Pattern

Quarterly — figures in %. Latest 11 quarters.

PeriodSept 2021Sept 2024Oct 2024Oct 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters95.7%64.3%64.3%64.3%64.3%64.3%64.3%64.2%64.2%64.2%64.1%
FIIs0%2.2%2.2%2.2%1.4%0.7%2.7%6.4%6.9%7.1%8.6%
DIIs0%3%3%2.1%2.7%2.5%2.9%2.8%2.9%4.3%4.1%
Public4.3%30.5%30.5%31.4%31.6%32.5%30.2%26.6%26%24.4%23.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2611,47,86611,47,86611,47,8667,67,9638,51,0287,67,2676,90,0256,95,6996,83,3017,31,601
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Chimanlal Tribhuvandas DoshiShareholding of Promoter and Promoter Group45.8%13.17 Cr
Waaree Sustainable Finance Private Limited (formerly Mahavir Thermoequip Private Limited)Shareholding of Promoter and Promoter Group18.3%5.28 Cr
Motilal Oswal Midcap FundPublic Shareholding2.5%71,07,731
Kalpraj Damji DharamshiPublic Shareholding2.1%61,00,000
Vt Energy SrlPublic Shareholding1.9%54,93,253
Sonal Tarun RamaniShareholding of Promoter and Promoter Group0%1,400
Ankit Hitesh DoshiShareholding of Promoter and Promoter Group0%10
Bindiya Kirit DoshiShareholding of Promoter and Promoter Group0%10
Binita Hitesh DoshiShareholding of Promoter and Promoter Group0%10
Nipa Viren DoshiShareholding of Promoter and Promoter Group0%10
Pujan Pankaj DoshiShareholding of Promoter and Promoter Group0%10
Rushabh Pankaj DoshiShareholding of Promoter and Promoter Group0%10
Pankaj Chimanlal DoshiShareholding of Promoter and Promoter Group0%0
Hitesh Chimanlal DoshiShareholding of Promoter and Promoter Group0%0
Viren Chimanlal DoshiShareholding of Promoter and Promoter Group0%0
Kirit Chimanlal DoshiShareholding of Promoter and Promoter Group0%0
Rasila Chimanlal DoshiShareholding of Promoter and Promoter Group0%0
Kashmira Divyang ShahShareholding of Promoter and Promoter Group0%0
Chaitali Hitesh DoshiShareholding of Promoter and Promoter Group0%0
Bhartiben Vinaykant ShahShareholding of Promoter and Promoter Group0%0
Rupal Pritesh ShahShareholding of Promoter and Promoter Group0%0
Kaushik Vinaykant ShahShareholding of Promoter and Promoter Group0%0
Maitri Viren DoshiShareholding of Promoter and Promoter Group0%0
Kushboo Palak ShahShareholding of Promoter and Promoter Group0%0
Amish Anantrai ShahShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
HITESH CHIMANLAL DOSHIChairman / Executive Director / Managing Director2025
VIREN CHIMANLAL DOSHIE D & Wholetime Director2025
HITESH PRANJIVAN MEHTAExecutive Director / Whole Time Director / CFO2025
R M MallaIndependent Non Exe. Director2025
RAJINDER SINGH LOONAIndependent Non Exe. Director2025
Mahesh R ChhabriaIndependent Non Exe. Director2025
RAJESH GHANSHYAM GAURCompany Sec. & Compli. Officer2025
Jignesh Devchandbhai RathodWhole Time Director & Chief Financial Officer2025
Mona BhideAdditional Director2025
Segments — Product
SegmentRevenueShare
Manufacturing & Trading of Solar Ph₹0 Cr—
Segments — Geography
RegionRevenueShare
India₹10,506 Cr82.3%
Outside India₹2,259 Cr17.7%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10500287287
Corporate Actions
TypeDateValueRemark
dividend2026-09-11₹2 (20%)Final
forthcoming2026-09-11Dividend—
forthcoming2026-07-29Board Meetings—
dividend2025-10-24₹2 (20%)Interim
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20255,60500393426,079
20251,9180092052,225
20253,21300291303,373
Substantial Acquisitions (SAST)

12 disclosure(s)

Off Market / Inter se transfer24/06/2025 · 13,19,63,212
Off Market / Inter se transfer24/06/2025 · 13,19,63,212
Off Market / Inter se transfer24/06/2025 · 13,19,63,212
-24/06/2025 · 13,19,63,212
Indirect Transfer11/06/2025 · —
-11/06/2025 · 1,99,999
Company Information
Incorporated1990
ChairmanHITESH CHIMANLAL DOSHI
AuditorS R B C & Co LLP
Investor Email[email protected]
🌐 www.waaree.com ↗

📍 602 6th Floor Western Edge-I, Western Exp.Highway Borivali(E, Mumbai, Maharashtra, 400066

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