profit from every ₹100 of sales.
₹0₹100
Waaree Energies
₹2,544.00-0.82% today
-12.8% in 1 year
1-year low ₹2,240.001-year high ₹3,501.95
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹19.72 for every ₹1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Waaree Energies sold, what it kept, and what it did with the cash.
Sales went from ₹66.1 billion in 2023 to ₹265 billion in 2026, with ₹37.1 billion of profit last year.
SalesProfit
Waaree Energies vs. similar companies
Waaree Energies grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Waaree Energies | 19.7× · Fair price | ||
 First Solar | 12.1× · Cheap | ||
 Tongwei Co.,Ltd | No profit yet | ||
 Jinko Solar | No profit yet | ||
 CSI Solar | 29.2× · Fair price |
AI analysis
An AI analyst reads Waaree Energies's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 66,080 | 113,712 | 144,445 | 265,368 | |
| 12,449 | 22,693 | 39,237 | 84,558 | |
| 6,747 | 13,015 | 23,192 | 49,189 | |
| 9,107 | 21,350 | 31,192 | 63,220 | |
| 4,828 | 12,372 | 18,674 | 37,113 | |
| 16.80 | 43.06 | 67.96 | – | |
| 18.8% | 20.0% | 27.2% | 31.9% | |
| 10.2% | 11.4% | 16.1% | 18.5% | |
| 7.3% | 10.9% | 12.9% | 14.0% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 74,199 | 113,137 | 197,474 | 301,154 |
| Cash | 1,973 | 1,214 | 5,098 | 7,742 |
| Total debt | 9,061 | 10,920 | 14,924 | 36,919 |
| Total liabilities | 55,581 | 71,653 | 101,521 | 151,045 |
| 18,384 | 40,878 | 94,792 | 144,373 | |
| 287 | 287 | 275 | – | |
| 21.5% | 28.3% | 19.6% | 23.2% | |
| 26.3% | 30.3% | 19.7% | 25.7% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 15,602 | 23,050 | 31,582 | 16,270 | |
| 8,654 | 13,424 | 32,741 | 48,818 | |
| 6,948 | 9,627 | -1,159 | -32,548 | |
| Dividends paid | 3 | 5 | – | 575 |
| – | – | – | – | |
| 367 | 98 | 146 | 147 |
Valuation
- 19.7×
- –
- –
- 6.0×
- 2.8×
- –
- 12.0×
- -4.4%
- 5.1%
- 0.1%
Profitability
- 31.9%
- 18.5%
- 14.0%
- –
- 22.1%
- 22.0%
- –
- –
- –
- –
Growth
- +58.9%
- –
- –
- –
- −1.5%
Financial health
- 0.5×
- 0.26
- –
- 19.0×
- 1.38
- –
- –
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 11%of 964
Top 22%of 972
Top 29%of 727
Top 4%of 977
Bottom 9%of 981
0.1%of the share price, paid each year
On $1,000 invested$1a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
1.6% of its profit
Room to growStretchedMore than it earnsNews
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
65Pass
Benjamin Graham
56No pass
Philip Fisher
68Pass
Peter Lynch
95Pass
Joel Greenblatt
51No pass
Charlie Munger
68Pass
Terry Smith
56No pass
Questions about Waaree Energies
Is Waaree Energies a good stock to buy?
A solid business at a fair price. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Waaree Energies AI analysis
What does Waaree Energies do?
Waaree Energies Limited manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects. It operates through three segments: Solar Photovoltaic Module Manufacturing, EPC and O&M Solutions, and the Independent Power Producer. It is in Solar, based in Mumbai, India.
Does Waaree Energies pay a dividend?
Yes. At today's price the dividend is 0.1% a year, about 2% of its yearly profit. In 2026 it paid out ₹575 million in dividends.
Is Waaree Energies stock halal?
Yes. Waaree Energies passes our halal screen: its business is permitted and its debt is 5% of its market value, under the 30% limit. How we check
How has Waaree Energies stock done over the past year?
Down 12.8% over the past twelve months, to ₹2,544.00. It traded between ₹2,240.00 and ₹3,501.95 and is 27.4% below its high.
Who are Waaree Energies's competitors?
The largest listed companies in the same industry are First Solar, Tongwei Co.,Ltd, Jinko Solar and CSI Solar. The peers table on this page compares their profit, growth and price with Waaree Energies's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.