ALFA Finder| Revenue growth | FY26 revenue at ₹26,537 Cr. |
|---|---|
| Margins | Focused on cost leadership through vertical integration (Polysilicon to Modules). |
| Demand visibility | Strong; Global solar PV capacity projected to reach 7.4 TW by 2030. |
| Management confidence | High; emphasizing 'Ecosystem over Factory' and market leadership. |
Growth
Revenue reached ₹26,537 Cr in FY26, significantly leading domestic peers in solar module manufacturing scale.
Outlook
Projecting module capacity expansion to 28.4 GW; BESS market entry targeting ~208 GWh Indian demand by 2030.
Risks
Exposure to raw material volatility (Poly/Silver), technology obsolescence (PERC to TOPCon/HJT), and international trade policy reversals.
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.
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- Value
- ₹5.00 Cr
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- 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
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- Value
- ₹0.01 Cr
- Execution
- Financial Year 2026-27