WAAREE ENERGIES LIMITED (WAAREEENER) financials

WAAREE ENERGIES LIMITED (WAAREEENER) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

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.

Market Cap: ₹72,373Cr.
Current Price: ₹2,516
Stock P/E: 17.8
ROE: 30.7%
ROCE: 38.6%
Book Value: ₹456
Dividend Yield: 0.16%
52W High / Low: ₹3,720/2,282

In Jun 2026, WAAREE ENERGIES LIMITED (WAAREEENER) reported sales ₹6,222 Cr and net profit ₹739 Cr.

Annual TTM: sales ₹23,842 Cr, net profit ₹3,842 Cr.

Shareholding: Promoters 64.12% (Jun 2026), FIIs 8.57% (Jun 2026), DIIs 4.08% (Jun 2026), Public 23.23% (Jun 2026), No. of Shareholders 7,31,601% (Jun 2026).

WAAREEENER quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	3,169	3,082	3,323	3,370	4,582	6,291	6,748	6,222
Expenses	2,696	2,442	2,561	2,521	3,540	4,610	5,539	5,183
Operating Profit	474	640	762	849	1,042	1,681	1,209	1,038
OPM %	15%	21%	23%	25%	23%	27%	18%	17%
Other Income	104	102	160	197	735	-70	230	195
Interest	27	27	48	34	58	76	31	41
Depreciation	74	77	97	130	183	195	199	199
Profit before tax	477	638	776	883	1,536	1,340	1,209	993
Tax %	25%	26%	25%	25%	25%	25%	23%	26%
Net Profit	357	471	581	660	1,160	1,009	934	739
EPS in Rs	13.57	16.41	20.21	22.97	40.31	35.10	32.45	25.69
Raw PDF	—	—	—	—	—	—	—	—

WAAREEENER profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,027	1,993	2,771	6,533	10,718	12,765	20,991	23,842
Expenses	1,933	1,913	2,683	5,771	9,343	10,366	16,209	18,872
Operating Profit	94	80	88	762	1,374	2,398	4,782	4,970
OPM %	4.6%	4.0%	3.2%	12%	13%	19%	23%	21%
Other Income	24	41	81	87	581	451	1,092	1,090
Interest	31	26	34	77	133	132	199	206
Depreciation	26	27	40	155	264	321	707	776
Profit before tax	61	68	96	618	1,558	2,396	4,968	5,078
Tax %	25%	26%	27%	25%	26%	26%	24%	—
Net Profit	45	50	70	460	1,148	1,781	3,762	3,842
EPS in Rs	2.30	2.55	3.53	23.34	58.25	62.00	130.80	133.55
Dividend Payout %	0%	0%	0%	0%	0%	0%	3%	—

WAAREEENER balance sheet (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	197	197	197	243	263	287	288
Reserves	106	154	231	1,700	3,840	9,120	12,842
Borrowings	116	165	321	240	334	1,002	2,015
Other Liabilities	437	593	1,290	5,151	6,237	7,443	7,984
Total Liabilities	856	1,109	2,039	7,333	10,674	17,852	23,129
Fixed Assets	0	126	548	920	1,012	2,845	4,299
CWIP	0	1	123	453	1,207	1,734	701
Investments	120	47	176	254	285	236	2,826
Other Assets	736	934	1,192	5,706	8,171	13,038	15,303
Total Assets	856	1,109	2,039	7,333	10,674	17,852	23,129

WAAREEENER cash flows (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	8	81	572	1,492	2,116	2,940	705
Cash from Investing Activity	26	-151	-523	-2,241	-3,252	-6,767	-1,350
Cash from Financing Activity	-50	76	66	872	960	4,077	510
Net Cash Flow	-16	5	114	123	-176	249	-135
Free Cash Flow	-2	59	166	700	888	540	-188
CFO/OP	20%	127%	675%	208%	176%	150%	37%

WAAREEENER shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	64.31%	64.31%	64.31%	64.22%	64.22%	64.19%	64.12%
FIIs	1.40%	0.70%	2.68%	6.35%	6.91%	7.06%	8.57%
DIIs	2.70%	2.46%	2.86%	2.82%	2.86%	4.32%	4.08%
Public	31.58%	32.53%	30.15%	26.60%	26.01%	24.44%	23.23%
No. of Shareholders	7,67,963	8,51,028	7,67,267	6,90,025	6,95,699	6,83,301	7,31,601

WAAREEENER key ratios
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	29	21	10	18	27	20	34
Inventory Days	54	81	86	195	112	94	108
Days Payable	66	95	80	145	83	81	75
Cash Conversion Cycle	16	8	16	68	56	34	66
Working Capital Days	21	15	-82	-66	-40	-98	-35
ROCE %	—	19%	20%	48%	40%	34%	39%

WAAREEENERUpdated 15 Oct 2026, 6:17

Waaree Energies Limited

WAAREEENERUpdated 15 Oct 2026, 6:17

Market Cap

₹72,373Cr.

Current Price

₹2,516

High / Low

₹3,720/2,282

Stock P/E

17.8

ROE30.7%

ROCE38.6%

Book Value₹456

Face Value₹10.0

Dividend Yield0.16%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Sep 2023	3369	31	2885	22	68	407	26	302	15.31
Dec 2023	1421	18	1336	107	70	103	20	83	4.22
Mar 2024	2683	45	2331	366	72	600	28	432	21.93
Jun 2024	3190	30	2671	88	72	504	26	372	18.86
Sep 2024	3169	27	2696	104	74	477	25	357	13.57
Dec 2024	3082	27	2442	102	77	638	26	471	16.41
Mar 2025	3323	48	2561	160	97	776	25	581	20.21
Jun 2025	3370	34	2521	197	130	883	25	660	22.97
Sep 2025	4582	58	3540	735	183	1536	25	1160	40.31
Dec 2025	6291	76	4610	-70	195	1340	25	1009	35.1
Mar 2026	6748	31	5539	230	199	1209	23	934	32.45
Jun 2026	6222	41	5183	195	199	993	26	739	25.69

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2020	2027	31	1933	24	26	61	25	45	2.3
Mar 2021	1993	26	1913	41	27	68	26	50	2.55
Mar 2022	2771	34	2683	81	40	96	27	70	3.53
Mar 2023	6533	77	5771	87	155	618	25	460	23.34
Mar 2024	10718	133	9343	581	264	1558	26	1148	58.25
Mar 2025	12765	132	10366	451	321	2396	26	1781	62
Mar 2026	20991	199	16209	1092	707	4968	24	3762	130.8
TTM	23842	206	18872	1090	776	5078	—	3842	133.55

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	64.12%
FIIs	8.57%
DIIs	4.08%
Public	23.23%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2024	64.31%	1.4%	2.7%	31.58%
Mar 2025	64.31%	0.7%	2.46%	32.53%
Jun 2025	64.31%	2.68%	2.86%	30.15%
Sep 2025	64.22%	6.35%	2.82%	26.6%
Dec 2025	64.22%	6.91%	2.86%	26.01%
Mar 2026	64.19%	7.06%	4.32%	24.44%
Jun 2026	64.12%	8.57%	4.08%	23.23%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2020	197	106	116	437	856	0	0	120	736	856
Mar 2021	197	154	165	593	1109	126	1	47	934	1109
Mar 2022	197	231	321	1290	2039	548	123	176	1192	2039
Mar 2023	243	1700	240	5151	7333	920	453	254	5706	7333
Mar 2024	263	3840	334	6237	10674	1012	1207	285	8171	10674
Mar 2025	287	9120	1002	7443	17852	2845	1734	236	13038	17852
Mar 2026	288	12842	2015	7984	23129	4299	701	2826	15303	23129

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2020	8	26	-50	-16
Mar 2021	81	-151	76	5
Mar 2022	572	-523	66	114
Mar 2023	1492	-2241	872	123
Mar 2024	2116	-3252	960	-176
Mar 2025	2940	-6767	4077	249
Mar 2026	705	-1350	510	-135

Key ratios

Historical financial ratios

Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	29	21	10	18	27	20	34
Inventory Days	54	81	86	195	112	94	108
Days Payable	66	95	80	145	83	81	75
Cash Conversion Cycle	16	8	16	68	56	34	66
Working Capital Days	21	15	-82	-66	-40	-98	-35
ROCE %	—	19%	20%	48%	40%	34%	39%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of WAAREE ENERGIES LIMITED (WAAREEENER)?

The reported market capitalisation for WAAREE ENERGIES LIMITED (WAAREEENER) is ₹72,373Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of WAAREEENER?

The current price shown for WAAREE ENERGIES LIMITED (WAAREEENER) on Fincrux is ₹2,516 with a 52-week high/low of ₹3,720/2,282.

What is the P/E ratio of WAAREE ENERGIES LIMITED (WAAREEENER)?

The stock P/E for WAAREE ENERGIES LIMITED (WAAREEENER) is 17.8 on Fincrux, with ROE at 30.7% and ROCE at 38.6%.

What were WAAREEENER latest quarterly results?

For Jun 2026, WAAREE ENERGIES LIMITED (WAAREEENER) reported sales ₹6,222 Cr and net profit ₹739 Cr (figures in ₹ crore unless noted).

What are WAAREEENER annual sales and net profit?

For TTM, WAAREE ENERGIES LIMITED (WAAREEENER) shows sales of ₹23,842 Cr and net profit of ₹3,842 Cr on the Fincrux profit & loss statement.

Who owns WAAREE ENERGIES LIMITED (WAAREEENER)?

Latest shareholding for WAAREE ENERGIES LIMITED (WAAREEENER) on Fincrux: Promoters 64.12% (Jun 2026), FIIs 8.57% (Jun 2026), DIIs 4.08% (Jun 2026), Public 23.23% (Jun 2026), No. of Shareholders 7,31,601% (Jun 2026).

Where can I find WAAREE ENERGIES LIMITED (WAAREEENER) financials?

WAAREE ENERGIES LIMITED (WAAREEENER) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show WAAREEENER balance sheet and cash flow?

Yes. The WAAREE ENERGIES LIMITED (WAAREEENER) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 15 October 2026 at 6:17