Waaree Energies Ltd (NSE: WAAREEENER, BSE: 544277) is a Mumbai, Maharashtra-based company in the Photovoltaic Cells industry. With a market capitalisation of ₹73,794 Cr, it ranks #145 by market cap among the 6,137 Indian listed companies on FinBizNet, and #1 of 3 in Photovoltaic Cells. At ₹2,354.90 (as of 25 Oct 2026), the share price is 35.4% below its 52-week high of ₹3,643.00 and 3.2% above its 52-week low of ₹2,281.80. The share price is down 35.1% over one year and down 12.8% over three months.
| Current Price | ₹2,354.90 |
|---|---|
| Market Cap | ₹73,794 Cr |
| NSE Symbol | WAAREEENER |
| BSE Code | 544277 |
| Sector | Information Technology > Semiconductors and Semiconductor Equipment |
| Sub-Industry | Semiconductors > Photovoltaic Cells |
| P/E Ratio | 25.1 |
| Return on Equity | 31.57% |
| Return on Assets | 12.48% |
| 52-Week Range | ₹2,281.80 – ₹3,643.00 |
| 1-Year Price Change | -35.1% |
| 3-Month Price Change | -12.8% |
| Beta (1Y) | 0.23 |
| Dividend Yield | 0.12% |
| Headquarters | Mumbai, Maharashtra |
| Website | waaree.com |
| Revenue | ₹7,932 Cr |
|---|---|
| Net Profit | ₹892 Cr |
| Net Margin | 11.2% |
| EPS (Basic) | ₹29.56 |
| Basis | consolidated |
Figures in ₹ crore, parsed from the company's exchange filing (XBRL).
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 operates as an independent power producer, which generates renewable energy. The company was founded in 1989 and is based in Mumbai, India.
1. Solar Photovoltaic Modules-This segment offers solar photovoltaic modules. 2. Inter Segment Eliminations-NA 3. Engineering, Procurement and Construction Contract-This segment undertakes engineering, procurement, and construction contract business. 4. Generation of Power-This segment engages in the generation of power.
1. Solar Photovoltaic Modules-90.9% 2. Generation of Power-0.1% 3. Engineering, Procurement and Construction Contract-12.4%
| Company | Market Cap | P/E | ROE | Latest Qtr Revenue | 1Y Change |
|---|---|---|---|---|---|
| Waaree Energies Ltd | ₹73,794 Cr | 25.1 | 31.57% | ₹7,932 Cr | -35.1% |
| Emmvee Photovoltaic Power Ltd | ₹19,192 Cr | 15.7 | 29.27% | ₹1,576 Cr | — |
| Surana Solar Ltd | ₹113 Cr | 90.5 | 2.18% | ₹17 Cr | -31.3% |
Listed by market capitalisation. Ratios are shown for context only.
Waaree Energies Ltd is trading at ₹2,354.90, with a market capitalisation of ₹73,794 Cr.
Waaree Energies Ltd operates in the Information Technology > Semiconductors and Semiconductor Equipment space (Semiconductors > Photovoltaic Cells).
Waaree Energies Ltd has a P/E of 25.1 and a return on equity of 31.57%.
Waaree Energies Ltd is listed on the NSE under the symbol WAAREEENER and on the BSE under the scrip code 544277.
Waaree Energies Ltd's share price is down 35.1% over one year and down 12.8% over three months. Its 52-week range is ₹2,281.80 to ₹3,643.00.
In Q1 FY27, Waaree Energies Ltd reported revenue of ₹7,932 Cr and net profit of ₹892 Cr, with basic EPS of ₹29.56 (consolidated, parsed from the company's exchange filing).
Data as of 25 Oct 2026. Descriptive market data only — not investment advice.