Waaree Energies Ltd

544277

Summary

Fair Value Assessment
Undervalued (7% Discount)
Fair ValueQ3,104.06UncertaintyHigh
Close Price2,881.80Jun 04, 2025
Market Closed
2,852.70
Price Down by 29.10 | 1.01 %
Previous Close
2,881.80
Day Range
2,838.05 – 2,989.00
Year Range
1,808.65 – 3,740.75
Bid / Ask
Market Cap
819.5 Bil
Volume / Average
206.8 k / 180.3 k
Beta
Shares Outstanding
287.28 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Waaree Energies Ltd is a manufacturer of solar PV modules in India. Its solar PV modules are currently manufactured using multicrystalline cell technology, monocrystalline cell technology and emerging technologies such as Tunnel Oxide Passivated Contact (TopCon). Its portfolio of solar energy products consists of the following PV modules: multicrystalline modules, monocrystalline modules, and TopCon modules, comprising flexible modules, which includes bifacial modules (Mono PERC) (framed and unframed), and building integrated photo voltaic (BIPV) modules. The company has three segments: Solar Photovoltaic Modules, Generation of Power and Engineering, Procurement and Construction contract (EPC). Key revenue is generated from Solar Photovoltaic Modules.
Contact
Western Express Highway 602, 6th Floor, Western Edge – I, Mumbai, MH 400 066
T +91 2266444444
www.waaree.com opens in a new tab
Sector
Technology
Industry
Solar
Most Recent Earnings
Mar 31, 2025
Fiscal Year End
Mar 31, 2025
Employees
9,525

Key Metrics

Key-Metrics - Financial Summary shows the income statement, balance sheet , cash flow statement data - 5 year and 10 year of the company stock.
Income Statement (in Bil, except ratios)
03/31/2025
03/2025
03/2024
03/2023
03/2022
03/2021
Revenue
144.45 144.45 113.71 66.08 28.44 19.42
Revenue Growth %
26.73% 26.73% 72.08% 132.38% 46.45%
Gross Profit
39.24 39.24 22.69 12.45 4.35 2.69
Gross Profit Margin %
27.16% 27.16% 19.96% 18.84% 15.29% 13.85%
Operating Income
23.19 23.19 13.01 6.75 0.71 0.67
Operating Margin %
16.06% 16.06% 11.45% 10.21% 2.49% 3.47%
EBIT
27.17 27.17 17.08 6.96 1.45 0.74
EBIT Margin %
18.81% 18.81% 15.02% 10.53% 5.10% 3.83%
EBITDA
31.19 31.19 19.84 8.60 1.88 1.07
EBITDA Margin %
21.59% 21.59% 17.45% 13.01% 6.62% 5.49%
Net Income
18.67 18.67 12.37 4.83 0.76 0.47
Net Profit Margin %
13.35% 13.35% 11.21% 7.57% 2.80% 2.35%
Basic EPS
68.24 68.24 43.06 16.80 2.63 1.62
Diluted EPS
67.96 67.96 43.06 16.80 2.63 1.62
Normalized EPS
66.43 66.43
Total Dividends per Share
Key-Metrics - Financial Summary shows the income statement, balance sheet , cash flow statement data - 5 year and 10 year of the company stock.
Balance Sheet (in Bil, except ratios)
03/31/2025
03/2025
03/2024
03/2023
03/2022
03/2021
Total Assets
197.47 197.47 113.14 74.20 22.37 12.93
Total Liabilities
101.52 101.52 71.65 55.58 17.98 9.00
Total Debt
14.92 14.92 10.92 9.06 4.21 4.08
Total Equity
95.95 95.95 41.48 18.62 4.40 3.93
Cash And Cash Equivalents
5.10 5.10 1.21 1.97 0.48 0.06
Working Capital
43.71 43.71 25.90 5.54 -1.53 1.46
Shares Outstanding (Mil)
287.28
Book Value Per Share
329.96 329.96
Total Debt To Equity
0.16 0.16 0.26 0.49 0.96 1.04
Key-Metrics - Financial Summary shows the income statement, balance sheet , cash flow statement data - 5 year and 10 year of the company stock.
Cash Flow Statement (in Bil, except ratios)
03/31/2025
03/2024
03/2023
03/2022
03/2021
06/2020
Cash From Operating Activities
31.58 23.05 15.60 7.01 0.72
Cash From Investing Activities
-68.08 -33.40 -20.94 -6.75 -2.50
Cash From Financing Activities
40.36 9.09 6.42 0.99 1.57
Capital Expenditures
32.74 13.42 8.65 4.96 1.98
Free Cash Flow
-13.45 2.50 -0.90 -3.58 -1.26
Change in Cash
3.86 -1.26 1.09 1.25 -0.21

Profile

Executives shows executive data in a table format includes information on Key Executives, Board of Directors.
Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Hitesh Pranjivan Mehta (59) Director and Chief Financial Officer
Hitesh Chimanlal Doshi (57) Chairman of the Board and Managing Director
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
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Something went wrong.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
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Something went wrong.

Ownership

Ownership lists the Fund owners and Intitutional owners of the stock.
Name
Morningstar
Rating
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Current Shares
Change Amount
Change %
Date
Motilal Oswal Large & Midcap Reg Gr 0.47 3.85 1,355,917
243,326
21.87%
Apr 30, 2025
Motilal Oswal ELSS Tax Saver Reg Gr 0.16 3.06 458,320
19,000
4.32%
Apr 30, 2025
Canara Robeco Emerging Eqs Reg Gr 0.13 0.40 365,721
322,397
744.15%
Apr 30, 2025
Canara Robeco Flexi Cap Reg Gr 0.07 0.43 210,000
210,000
Apr 30, 2025
Motilal Oswal Focused Reg Gr 0.07 3.51 188,702
0
0.00%
Apr 30, 2025
Total (for Top 5) 0.90 2,578,660
794,723

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