Waaree Energies Limited
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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 39.5%
Concerns0
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 6 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ12.77 K Cr | β | βΉ1.78 K Cr | β | β | 18.9% | 19.1% | 55.1% |
| Mar 2024 | βΉ10.72 K Cr | β | βΉ1.15 K Cr | β | β | 28.0% | 64.1% | 149.6% |
| Mar 2023 | βΉ6.53 K Cr | β | βΉ460.00 Cr | β | β | 23.7% | 135.8% | 557.1% |
| Mar 2022 | βΉ2.77 K Cr | β | βΉ70.00 Cr | β | β | 16.4% | 39.0% | 40.0% |
| Mar 2021 | βΉ1.99 K Cr | β | βΉ50.00 Cr | β | β | 14.2% | -1.7% | 11.1% |
| Mar 2020 | βΉ2.03 K Cr | β | βΉ45.00 Cr | β | β | 14.9% | β | β |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 14,357 |
| Total Expenses | 11,063 |
| EBIT / Operating Profit | 3,294 |
| OPM % | 23% |
| Other Income | 1,193 |
| Finance Costs | 166 |
| Depreciation & Amortisation | 487 |
| Profit Before Tax | 3,833 |
| Tax % | - |
| Net Profit / PAT | 2,871 |
| EPS (βΉ) | 99.90 |
| Dividend Payout % | - |
Peer Comparison
Energy sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Waaree Energies Limitedthis co. | βΉ74.77 K Cr | βΉ12.77 K Cr | 26.00 | 6.65 | 37.58 | 19.1% |
| Reliance Industries Ltd | βΉ19.66 L Cr | βΉ5.15 L Cr | 50.30 | 3.52 | 24.71 | -3.1% |
| NTPC Limited | βΉ3.28 L Cr | βΉ1.70 L Cr | 16.40 | 1.95 | 10.05 | 5.0% |
| Oil And Natural Gas Corporation Ltd | βΉ3.07 L Cr | βΉ1.34 L Cr | 9.42 | 0.91 | 4.12 | 3.2% |
| Adani Power Limited | βΉ2.77 L Cr | βΉ49.71 K Cr | 24.60 | 5.77 | 11.44 | 7.0% |
| Adani Enterprises Ltd. | βΉ2.49 L Cr | βΉ26.60 K Cr | 108.00 | 8.92 | 54.58 | -16.7% |
| POWER GRID CORPORATION OF INDIA LIMITED | βΉ2.41 L Cr | βΉ41.43 K Cr | 15.60 | 2.44 | 8.85 | -2.3% |
| Industry Average | β | βΉ57.17 K Cr | 54.29 | 4.27 | 53.34 | 35.1% |