ALFA Finder| Revenue growth | 83.72% YoY for FY26; 111.80% YoY for Q4FY26. |
|---|---|
| Margins | FY26 EBITDA margin at 22.27%; Q4FY26 margin dipped to 18.59%. |
| Order book | ~₹53,000 Cr as of Q4FY26. |
| Demand visibility | Strong, backed by a ~₹53,000 Cr order book and 100+GW pipeline. |
| Management confidence | High, focused on 'Waaree 2.0' and end-to-end integration. |
Growth
FY26 Revenue rose 83.7% to ₹26,537 Cr; PAT surged 101.5% to ₹3,884 Cr.
Outlook
Planned ₹30,000 Cr capex; targeting 28GW module, 15GW cell, and 10GW ingot/wafer capacity by FY27/28.
Risks
Exposure to global supply chain volatility, geopolitical shifts, and high competition from Chinese manufacturers.
Earnings Call filed with BSE, NSE: WAAREEENER. Summary written with AI assistance from the document.
Waaree Energies Ltd: key numbers
- Share price
- ₹2,500.00
- Market cap
- ₹71,913 Cr
- Revenue (annual)
- ₹26,537 Cr
- Net profit (annual)
- ₹3,711 Cr
- P/E (TTM)
- 19.5×Sector 44.3×
- Promoter holding
- 64.12%+0.00% QoQ
- FII holding
- 8.57%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Waaree Energies Ltd
All →Waaree Energies Price Movement Clarification
Waaree Energies clarified a Moneycontrol report on US trade filings, saying it concerns an industry-wide investigation with no new penalty or financial impact. The company says the order book rationalisation was previously disclosed and is unrelated to the proceeding.
Waaree Energies Other Announcement
Waaree Energies disclosed an ESG rating of 68.61 ("Leader") from Niche99 ESG Ratings, assigned without company engagement. This routine compliance intimation carries no financial impact.
Waaree Energies Acquisition Worth ₹5 Cr
Waaree Energies Ltd will acquire a 33.34% stake in Wictor Sealz Private Limited. The company will also make a further investment of ₹5 Crore.
- Value
- ₹5.00 Cr
Waaree Energies Production Started
Waaree Solar Americas commenced commercial production of 1.6 GW solar modules at Brookshire, Texas. Total facility capacity now stands at 3.2 GW.
- solar module manufacturing capacity
- 1600 MW
Waaree Energies Legal & Regulatory
Waaree Energies disclosed GPCB's January 2026 closure direction for its Degam solar cell plant, since revoked and extended. Interim compensation and bank guarantees total ₹0.17 Crore.
- Value
- ₹0.17 Cr
Waaree Energies Acquisition Worth ₹0.01 Cr
Waaree Energies is acquiring 100% of Waaree Green Data Centers for Rs.0.01 Crore cash, entering data centres. The target has not commenced operations and no revenue is reported.
- Value
- ₹0.01 Cr
- Execution
- Financial Year 2026-27