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WAAREE Energies Limited
(WAAREEENER)
WAAREE Energies Limited (WAAREEENER) vs. iShares MSCI India ETF (INDA)
WAAREE Energies Limited Business Overview & Revenue Model
WAAREE Energies Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 154.61B | 144.44B | 113.71B | 67.51B | 28.44B | 19.42B |
| Gross Profit | 45.21B | 39.24B | 22.69B | 11.05B | 4.35B | 2.69B |
| EBITDA | 33.83B | 27.22B | 21.20B | 9.12B | 2.00B | 1.29B |
| Net Income | 22.18B | 18.67B | 12.37B | 4.83B | 756.39M | 465.94M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 197.47B | 113.14B | 74.20B | 22.37B | 12.93B |
| Cash, Cash Equivalents and Short-Term Investments | 78.13B | 78.13B | 38.50B | 17.11B | 4.08B | 397.60M |
| Total Debt | 0.00 | 11.99B | 10.92B | 9.06B | 4.21B | 4.08B |
| Total Liabilities | -95.95B | 101.52B | 71.65B | 55.58B | 17.98B | 9.00B |
| Stockholders Equity | 95.95B | 94.79B | 40.88B | 18.38B | 4.28B | 3.53B |
Cash Flow | ||||||
| Free Cash Flow | -1.75B | -1.16B | 9.63B | 6.95B | 2.04B | -1.26B |
| Operating Cash Flow | 10.35B | 31.58B | 23.05B | 15.60B | 7.01B | 716.68M |
| Investing Cash Flow | -11.88B | -68.08B | -33.40B | -20.94B | -6.75B | -2.50B |
| Financing Cash Flow | 4.49B | 40.36B | 9.09B | 6.42B | 985.19M | 1.57B |
WAAREE Energies Limited Technical Analysis
WAAREE Energies Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹969.05B | 36.38 | ― | ― | 55.90% | 93.10% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ₹51.08B | 25.12 | ― | ― | 152.12% | ― | |
62 Neutral | ₹99.08B | 259.84 | ― | ― | 14.36% | 3.96% | |
56 Neutral | ₹88.31B | ― | ― | ― | 4.94% | -328.07% | |
56 Neutral | ₹5.74B | 28.17 | ― | 0.19% | 59.55% | 58.31% | |
45 Neutral | ₹54.81B | -14.77 | ― | ― | 112.24% | -474.43% |
WAAREE Energies Limited Corporate Events
Waaree Energies Limited has reported its best-ever quarterly performance for Q2 FY26, with a total income growth of 69.96% year-on-year, reaching ₹6,226.54 crores. The company’s EBITDA increased by 155.29% YoY, and PAT surged by 133.78% YoY. The company declared an interim dividend and expanded its production capacity with a new solar module manufacturing facility. Additionally, Waaree Energies is investing in capacity expansion for storage cells, electrolyzers, and inverters, and has made strategic acquisitions to enhance its business portfolio.
WAAREE Energies Limited has released its Investor Presentation for the quarter and half-year ending September 30, 2025, in compliance with SEBI regulations. This presentation, which is available on the company’s website, will be used in meetings with analysts and institutional investors, potentially impacting the company’s market perception and investor relations.
Waaree Energies Limited has announced its continued commitment to the U.S. manufacturing sector and regulatory compliance, highlighting its expansion plans in the American solar market. The company is cooperating with a U.S. Customs and Border Protection inquiry regarding antidumping and countervailing duties, maintaining confidence in its compliance and reaffirming its dedication to the U.S. market as a clean energy partner and domestic manufacturer.
Waaree Energies Limited has executed a definitive agreement to acquire a 76% stake in Racemosa Energy (India) Private Limited through its wholly owned subsidiary, Waaree Power Private Limited. The acquisition, valued at approximately Rs 53.00 crores, is expected to be completed in the fiscal year 2025-26, pending certain conditions. This strategic move is set to enhance Waaree’s market positioning in the renewable energy sector, potentially expanding its operational capabilities and stakeholder value.
WAAREE Energies Limited announced that its wholly-owned subsidiary, Waaree Power Private Limited, will acquire a 76% stake in Racemosa Energy (India) Private Limited, a company specializing in the manufacturing of smart meters. This strategic acquisition is intended to enhance WAAREE’s capabilities and presence across the energy value chain, potentially strengthening its market position and offering new opportunities for growth within the energy sector.
WAAREE Energies Limited announced the acquisition of a 76% stake in Racemosa Energy (India) Private Limited through its wholly-owned subsidiary, Waaree Power Private Limited. This strategic move aims to integrate smart meter technology into WAAREE’s offerings, thereby strengthening its position in the energy sector. The acquisition is expected to be completed in the fiscal year 2025-26, subject to regulatory approvals, and involves a cash consideration of approximately 53 crores.
WAAREE Energies Limited has announced the allotment of 357,706 equity shares following the exercise of employee stock options under its Employee Stock Option Plan 2021. This move increases the company’s equity share capital, reflecting its commitment to employee incentives and potentially enhancing its market position by aligning employee interests with company growth.
Waaree Energies Limited has announced its 35th Annual General Meeting (AGM) scheduled for September 24, 2025, to be held via video conferencing. The AGM will address several key business items, including the adoption of financial statements, the reappointment of a director, ratification of cost auditor remuneration, and the appointment of a new independent director. These decisions are crucial for maintaining the company’s governance and operational efficiency, reflecting its commitment to transparency and strategic growth within the renewable energy sector.
WAAREE Energies Limited has released its Business Responsibility and Sustainability Report for the financial year 2024-25, as per regulatory requirements. This report, which is part of the company’s Integrated Annual Report, highlights WAAREE’s commitment to sustainable business practices and is available on their website. The inclusion of an Independent Assurance Report by Bureau Veritas underscores the company’s dedication to transparency and accountability in its sustainability efforts.
WAAREE Energies Limited has announced the scheduling of its 35th Annual General Meeting (AGM) on September 24, 2025, to be held via video conferencing. The company has also provided a web link to its Integrated Annual Report for the fiscal year 2024-25, targeting shareholders who have not registered their email addresses. This initiative aligns with SEBI regulations and encourages shareholders to update their KYC details and dematerialize physical securities, reflecting the company’s commitment to compliance and enhancing shareholder communication.
Waaree Energies Limited, a prominent player in the renewable energy sector, has announced the publication of a newspaper advertisement to inform its shareholders about the upcoming Annual General Meeting. The advertisement, published in Financial Express and Mumbai Lakshadeep, provides details on the e-voting process and how shareholders can register their email addresses and other KYC details. This initiative reflects Waaree Energies’ commitment to maintaining transparency and effective communication with its stakeholders, reinforcing its position in the industry.
Waaree Energies Limited announced a scheduled plant visit for analysts and institutional investors at their manufacturing facility in Chikhli, Navsari, Gujarat. This meeting, set for August 29, 2025, aims to provide insights into the company’s operations using publicly available information, potentially enhancing investor confidence and transparency.