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Waaree Energies Ltd.

2,300.00−22.00 (−0.95%)

BSE · 30 Oct, 4:01 PM

: ₹66,159.81 Cr
: 17.92
: 48,145
: ₹2,315.50 - ₹2,256.25
: ₹3,556.10 - ₹2,162.00

Waaree Energies Ltd. (WAAREEENER) share price closed at ₹2,300.00 on the BSE on Friday, October 30, 2026, down by 0.95% from its of ₹2,322.00. In that session WAAREEENER reached a of 2,315.50 and of 2,256.25. The for the session was 2,295.43. The stands at 2,491.11 and is at 2,831.99. Looking at , the stock ended the session moving sideways.

Stock Overview

₹2,315.50

₹2,322.00

₹2,295.43

₹2,491.11

Price 7.67% below

₹2,831.99

Price 18.79% below

Key Fundamentals

: 66,159.81 Cr₹66.16 Thousand Crore
: 128.37
: 17.92
: 4.13
: 556.91
: 6,973.85 Cr₹6.97 Thousand Crore
: 0.17 %
Sector
Industry: Electric Equipment
: 32.67
: 0.21

Industry Comparison

Ratio	Company	Sector
	17.92	36.01
	0.21	0.17
	4.13	3.95
	1.38	1.98
	0.17 %	0.19 %
Operating Margin	22.27 %	13.33 %

Sector figures are the median of 192 listed Capital Goods companies.

Peer Comparison

Name
ABB LTD. ABB	6,403.00	45.41	1,35,684.93	0.61	362.30	3.00%	3,558.87	21.03%	30.18
CGPOWER CGPOWER	803.95	92.09	1,26,660.23	0.16	409.09	43.82%	3,801.54	30.07%	27.94
SIEMENS LTD. SIEMENS	3,285.00	35.72	1,16,985.59	0.55	2,143.10	406.16%	4,713.70	14.75%	21.42
GVT&D GVT&D	4,021.50	551.40	1,02,969.11	0.25					20.90
Waaree Energies Ltd. WAAREEENER	2,300.00	17.92	66,159.81	0.17	753.64	-14.18%	7,517.74	23.94%	37.93
APAR INDUS. APARINDS	15,725.00	47.74	65,848.53	0.38	447.32	77.72%	6,931.19	21.27%	31.84
HAVELLSINDIA HAVELLS	1,012.75	38.20	63,556.31	0.99	349.22	9.72%	6,431.99	34.58%	25.74
SUZLONENERGY SUZLON	33.85	20.60	46,532.32	0.00	394.15	-69.19%	4,875.70	25.96%	35.79

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	3,408.90	3,574.38	3,457.29	4,003.93	4,425.83	6,065.64	7,565.05	8,480.25	7,931.79	7,517.74
Expenses	2,856.42	3,049.53	2,735.56	3,081.35	3,428.51	4,659.24	5,636.89	6,903.50	6,491.87	6,182.54
	552.48	524.85	721.73	922.58	997.32	1,406.40	1,928.16	1,576.75	1,439.92	1,335.20
	16.21%	14.68%	20.88%	23.04%	22.53%	23.19%	25.49%	18.59%	18.15%	17.76%
	87.51	89.09	87.98	132.97	171.35	160.90	-98.60	179.73	170.81	147.07
Interest	33.70	30.83	30.85	56.72	43.25	96.08	93.28	47.89	70.37	105.26
	75.76	84.27	89.05	153.37	182.06	239.76	267.26	300.64	329.98	347.26
	530.53	498.84	689.81	845.46	943.36	1,231.46	1,469.02	1,407.95	1,210.38	1,029.75
	24.39%	24.69%	26.52%	23.77%	18.07%	28.69%	24.66%	20.01%	26.31%	26.81%
	394.15	361.65	492.69	618.91	745.20	842.55	1,062.46	1,061.10	850.22	718.68
	14.98	13.73	17.15	21.54	25.94	29.29	36.94	36.89	29.56	24.98

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	2,854.27	6,750.87	11,397.61	14,444.50	26,536.77
	2,854.27	6,750.87	11,397.61	14,444.50	26,536.77
EXPENDITURE :
Increase/Decrease in Stock	63.60	-1,006.90	-561.99	650.83	-1,954.97
Raw Material Consumed	2,253.09	6,157.99	9,321.79	9,538.99	18,498.65
Power & Fuel Cost	19.71	50.51	88.39	115.61	371.14
Employee Cost	51.46	118.22	153.75	295.88	571.90
Other Manufacturing Expenses	72.50	161.56	253.71	345.59	1,376.25
General and Administration Expenses	30.06	58.82	94.03	139.96	298.90
Selling and Distribution Expenses	240.52	347.52	417.63	509.62	1,301.38
Miscellaneous Expenses	12.38	30.84	55.87	126.38	164.88
	2,743.32	5,918.56	9,823.18	11,722.86	20,628.13
Operating Profit (Excl OI)	110.95	832.31	1,574.43	2,721.64	5,908.64
	91.59	111.82	235.15	401.56	708.15
	202.53	944.13	1,809.58	3,123.20	6,616.79
Interest	40.89	82.27	139.91	152.09	280.50
PBDT	161.65	861.86	1,669.67	2,971.11	6,336.29
	43.27	164.13	276.81	402.45	989.72
Profit Before Taxation & Exceptional Items	118.37	697.73	1,392.86	2,568.66	5,346.57
Exceptional Income / Expenses		-20.58	341.34	-4.02	-294.78
	118.37	677.15	1,734.20	2,564.64	5,051.79
Provision for Tax	38.72	176.87	459.82	636.51	1,167.64
	79.65	500.28	1,274.38	1,928.13	3,884.15
Extra items				0.00	0.00
Minority Interest	-4.01	-17.52	-37.20	-60.74	-172.85
Consolidated Net Profit	75.64	482.76	1,237.18	1,867.39	3,711.30
Profit Balance B/F	136.39	225.21	572.23	1,808.36	3,676.80
Appropriations	212.03	707.97	1,809.41	3,675.75	7,388.10
Equity Dividend %					40.00%
	3.84	19.84	47.05	65.00	129.02
Adjusted EPS	3.84	19.84	47.05	65.00	129.02

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	197.14	243.37	262.96	287.28	287.65
Share Warrants & Outstandings		36.68	46.51	61.15	75.84
Total Reserves	230.51	1,558.36	3,778.34	9,130.77	14,073.85
Reserve excluding Revaluation Reserve	230.51	1,558.36	3,778.34	9,130.77	14,073.85
Revaluation reserve	0.00	0.00	0.00	0.00
	427.65	1,838.41	4,087.81	9,479.20	14,437.34
Minority Interest	12.21	23.44	60.68	116.08	573.55
Secured Loans	188.88	145.83	102.60	24.18	815.14
Unsecured Loans	0.09
Deferred Tax Assets / Liabilities	8.38	33.67	-46.11	-4.69	-25.51
Other Long Term Liabilities	43.11	365.80	1,494.29	1,145.33	1,196.96
Long Term Provisions	41.43	69.26	108.10	155.11	254.36
Total Non-Current Liabilities	281.89	614.55	1,658.88	1,319.93	2,240.95
Trade Payables	534.76	1,431.62	1,475.23	2,069.68	3,107.81
Other Current Liabilities	841.85	2,749.17	2,717.15	4,977.33	6,940.62
Short Term Borrowings	99.65	635.14	716.45	1,205.47	2,005.23
Short Term Provisions	21.37	113.30	514.33	271.63	654.04
Total Current Liabilities	1,497.63	4,929.24	5,423.16	8,524.11	12,707.70
Total Liabilities	2,219.37	7,405.64	11,230.53	19,439.32	29,959.54
Gross Block	764.23	1,398.04	2,009.93	4,951.90	9,265.36
Less: Accumulated Depreciation	139.96	293.12	560.43	941.36	1,952.45
	624.27	1,104.92	1,449.50	4,010.54	7,312.91
	122.66	537.04	1,341.29	1,883.99	3,476.15
Non Current Investments	10.00				292.31
Long Term Investment	10.00	0.00	0.00	0.00	292.31
Long Term Loans & Advances	78.49	121.16	330.50	431.34	796.63
Other Non Current Assets	38.34	159.08	95.65	364.59	488.88
Total Non-Current Assets	875.21	1,922.70	3,217.44	6,706.05	12,382.54
Currents Investments	133.16	31.06	71.15	64.68	660.53
Inventories	538.17	2,708.87	2,585.53	2,692.11	5,855.64
Sundry Debtors	92.52	312.61	971.39	1,053.15	2,492.32
Cash and Bank	366.37	1,736.42	3,779.17	7,747.82	6,728.37
Other Current Assets	28.64	47.33	104.74	198.87	701.72
Short Term Loans and Advances	185.32	639.85	500.64	959.02	1,138.42
Total Current Assets	1,344.17	5,476.14	8,012.62	12,715.65	17,577.00
Net Current Assets (Including Current Investments)	-153.47	546.91	2,589.46	4,191.54	4,869.30
Total Assets	2,219.37	7,405.64	11,230.53	19,439.32	29,959.54
	60.91	112.84	151.73	871.37	619.37
Total Debt	370.80	859.26	855.92	1,232.84	2,970.80
	21.69	74.03	153.69	327.84	499.27
Adjusted Book Value	21.69	74.03	153.69	327.84	499.27

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	118.37	677.15	1,734.20	2,564.64	5,051.79
Adjustment	73.99	263.81	314.35	179.02	864.00
Changes In working Capital	534.41	719.63	591.57	1,157.35	-3,139.80
Cash Flow after changes in Working Capital	726.77	1,660.58	2,640.12	3,901.01	2,775.99
Cash Flow from Operating Activities	700.86	1,560.23	2,305.04	3,158.21	1,626.95
Cash Flow from Investing Activities	-674.86	-2,093.82	-3,340.27	-6,808.37	-3,953.18
Cash Flow from Financing Activitie	98.52	642.48	909.19	4,035.74	2,573.11
Net Cash Inflow / Outflow	124.52	108.88	-126.04	385.58	246.88
Opening Cash & Cash Equivalents	12.82	139.19	253.65	121.39	509.83
Cash & Cash Equivalent of Subsidiaries under liquidations	-0.11	-0.02
Effect of Foreign Exchange Fluctuations	1.96	5.61	-6.22	2.86	17.45
Closing Cash & Cash Equivalent	139.19	253.65	121.39	509.83	774.16

Ratios

Valuation

17.92

4.13

9.29

2.10

128.37

556.91

Profitability

32.67

37.93

15.73

22.27

14.64

Leverage & Liquidity

0.21

1.38

19.01

Returns

0.17

1.07

Shareholding Pattern

Numbers in percentages

Particulars	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	64.30	64.30	64.30	64.30	64.22	64.22	64.19	64.12	64.12
	5.03	4.09	3.16	5.54	9.17	9.77	11.37	12.65	12.66
	30.67	31.60	32.54	30.16	26.60	26.01	24.44	23.23	23.22
	35.70	35.70	35.70	35.70	35.78	35.78	35.81	35.88	35.88
No. of Shareholders	11,47,866	7,67,963	8,51,028	7,67,267	6,90,025	6,95,699	6,83,301	7,31,601	7,78,086

Mutual Funds Invested(84)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 15 active funds hold 2.50% in Waaree Energies Ltd., contributing to ₹1.71K Cr of holdings

Fund				As of
MO Motilal Oswal Midcap Fund - Growth - Direct PlanMid Cap Fund	576.56	1.43	24,28,227	Sep '26
MO Motilal Oswal Large & Midcap Fund - Growth - Direct PlanLarge & Mid Cap	508.22	2.56	21,40,411	Sep '26
MO Motilal Oswal Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	403.86	3.00	17,00,905	Sep '26
MO Motilal Oswal ELSS Tax Saver Fund - Growth - Direct PlanEquity - ELSS - Tax Saver Fund	142.46	2.91	6,00,000	Sep '26
AB Aditya Birla Sun Life Midcap Fund - Growth - Direct PlanMid Cap Fund	28.16	0.43	1,18,582	Sep '26
MO Motilal Oswal Nifty Midcap 150 Index Fund - Growth - Direct PlanIndex Funds - Other	22.44	0.56	94,491	Sep '26
HD HDFC Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	21.70	0.08	91,374	Sep '26
NI Nippon India ETF Nifty Midcap 150Index	21.54	0.56	90,738	Sep '26
NI Nippon India Nifty Midcap 150 Index Fund - Growth - Direct PlanIndex Funds - Other	15.09	0.56	63,557	Sep '26
JM JM Mid Cap Fund - Growth - Direct PlanMid Cap Fund	14.08	1.08	59,285	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-27	Substantial Acquisition of Shares	Inter alia, approved:- cquisition of 100% shareholding of Waaree Green Data Centers Private Limited ("WGDCPL") (formerly known as Sunsantional Energy Private Limited) along with its two wholly-owned subsidiaries, namely, Aurovault Data Centers Private Limited and Sunstar Data Centers Private Limited by Waaree Energies Limited ("Company") from its subsidiary Waaree Renewable Technologies Limited ("WRTL")
2026-10-22	Board Meeting	Quarterly Results
2026-09-01	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

Capital GoodsElectric Equipment

Waaree Energies Ltd. operates in the Capital Goods sector under the Electric Equipment industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

12 members across the board and senior leadership

Rajesh Gaur

Company Secretary & Compliance Officer

—

Hitesh Chimanlal Doshi

Chairman & Managing Director

₹9.88 Cr

Mar '26

Viren Chimanlal Doshi

Whole Time Director

₹6.83 Cr

Mar '26

Hitesh Pranjivan Mehta

Whole Time Director

₹5.89 Cr

Mar '26

Jignesh Devchandbhai Rathod

Whole Time Director & Chief Executive Officer

₹11.00 L

Mar '26

Rajender Mohan Malla