Emmvee Photovoltaic Power Ltd (NSE: EMMVEE) and Waaree Energies Ltd (NSE: WAAREEENER) are both listed in the Photovoltaic Cells industry. Emmvee Photovoltaic Power has a market capitalisation of ₹16,352 Cr and Waaree Energies ₹66,850 Cr, as of 9 Nov 2026. Their P/E ratios are 13.8 and 25.1 respectively. Return on equity is 29.27% for Emmvee Photovoltaic Power and 31.57% for Waaree Energies.
| Metric | Emmvee Photovoltaic Power | Waaree Energies |
|---|---|---|
| NSE Symbol | EMMVEE | WAAREEENER |
| BSE Code | 544608 | 544277 |
| Share Price | ₹264.48 | ₹2,444.00 |
| Market Cap | ₹16,352 Cr | ₹66,850 Cr |
| P/E Ratio | 13.8 | 25.1 |
| Return on Equity | 29.27% | 31.57% |
| Return on Assets | 18.57% | 12.48% |
| Dividend Yield | 0.42% | 0.12% |
| Beta (1Y) | 0.68 | 0.29 |
| 1-Year Price Change | — | -28.7% |
| 3-Month Price Change | -18.3% | -9.5% |
| 52-Week Range | ₹171.51 – ₹371.55 | ₹2,161.50 – ₹3,557.00 |
| Latest Quarter | Q2 FY27 | Q2 FY27 |
| Quarterly Revenue | ₹1,576 Cr | ₹7,518 Cr |
| Quarterly Net Profit | ₹382 Cr | ₹754 Cr |
| Net Margin | 24.2% | 10.0% |
| EPS (Basic, Quarter) | ₹5.52 | ₹24.98 |
| Results Basis | consolidated | consolidated |
| Headquarters | Bengaluru, Karnataka | Mumbai, Maharashtra |
The figures sit side by side and are not ranked. Quarterly figures are in ₹ crore, parsed from each company's exchange filing (XBRL); the two companies' latest quarters can differ.
Emmvee Photovoltaic Power Limited manufactures and sales solar cells, photovoltaic modules, and photovoltaic systems across India and Europe. Its products include TopCon Photovoltaic Module and TopCon Photovoltaic cells. It also executes grid and off-grid photovoltaic power projects on a turnkey basis and operates solar power plants. The company serves independent power producers, entities operating in the commercial and industrial sector, and engineering, procurement and construction service providers in both public and private sectors. The company was incorporated in 2007 and is based in Ben…
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. The company offers HJT, TOPCon, mono PERC, polycrystalline, flexible, and special modules; off-grid and on-grid inverters; and solar products, such as solar streetlights, water heaters, and water pumps. It also provides engineering, procurement, and construction solutions; and operation and maintenance services; and o…
Waaree Energies has a market capitalisation of ₹66,850 Cr, against ₹16,352 Cr for Emmvee Photovoltaic Power as of 9 Nov 2026, about 4.1 times the size by market cap.
Emmvee Photovoltaic Power has a P/E of 13.8 and Waaree Energies a P/E of 25.1 as of 9 Nov 2026.
Emmvee Photovoltaic Power has a return on equity of 29.27% and Waaree Energies 31.57%.
Emmvee Photovoltaic Power reported revenue of ₹1,576 Cr and net profit of ₹382 Cr for Q2 FY27. Waaree Energies reported revenue of ₹7,518 Cr and net profit of ₹754 Cr for Q2 FY27. Figures are parsed from each company's exchange filing.
Both are classified under Semiconductors and Semiconductor Equipment > Semiconductors > Photovoltaic Cells on FinBizNet.
No. The page lays the two companies' published figures side by side and draws no conclusion from them. It is descriptive market data, not investment advice.
Data as of 9 Nov 2026. Descriptive market data only — not investment advice.