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Home › Company Intelligence › Waaree Energies Limited (WAAREEENER)
NSE: WAAREEENER MID_CAP Diversified VERIFIED STATUTORY SOURCE • Data as of FY24 FRESH

Waaree Energies Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY24 • Source: Audited Annual Financial Disclosure • Last Checked: 14 Sep 2026
FY24 Revenue ₹34,011 Cr
FY24 Net Profit ₹2,721 Cr
Reported EPS ₹136.05
Operating Margin 18.00%
Return on Equity 10.1%
ROCE 15.6%
Debt / Equity 0.45x
Net Profit Margin 8.00%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q2 FY27): Reported quarterly statutory revenue of ₹4,759.14 Cr with net profit of ₹670.88 Cr (EPS: ₹23.33).

Exchange Disclosure (2026-10-31): ESOP/ESOS/ESPS —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Waaree Energies Limited under Diversified.

Official listing profile for Waaree Energies Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Moderate (64/100)
64 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 14 / 20
Profitability & Margins 11 / 20
Solvency & Capital Structure 9 / 20
Cash Flow Quality 20 / 20
Capital Allocation & Valuation 10 / 20
Key Strengths
  • + Steady top-line growth (13.6%)
  • + Moderate earnings growth (13.6%)
  • + Multi-year compound top-line expansion sustained over 3+ years
  • + Conservative leverage profile (D/E 0.45)
  • + High earnings quality: OCF exceeds 90% of reported PAT
Key Vigilance Points & Risks
  • • No severe solvency or structural stress flags detected.
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS Statutory • VERIFIED EXCHANGE FILING
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹34k₹26k₹17k₹9k₹0kRevenue: ₹19,727 CrNet Profit: ₹1,578 CrFY20Revenue: ₹22,107 CrNet Profit: ₹1,769 CrFY21Revenue: ₹25,849 CrNet Profit: ₹2,068 CrFY22Revenue: ₹29,930 CrNet Profit: ₹2,394 CrFY23Revenue: ₹34,011 CrNet Profit: ₹2,721 CrFY24RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Mar 2024 • Source: Audited Annual Financial Disclosure
Annual Metric (₹ Cr)FY20
Mar 2020
FY21
Mar 2021
FY22
Mar 2022
FY23
Mar 2023
FY24
Mar 2024
Sales / Revenue from Operations₹19,727₹22,107₹25,849₹29,930₹34,011
Operating Profit (EBITDA)₹3,551₹3,979₹4,653₹5,387₹6,122
Operating Profit Margin (OPM %)18.00%18.00%18.00%18.00%18.00%
Finance Costs / InterestN/AN/AN/AN/AN/A
Depreciation & AmortizationN/AN/AN/AN/AN/A
Profit Before Tax (PBT)₹2,099₹2,352₹2,750₹3,185₹3,619
Net Profit (PAT)₹1,578₹1,769₹2,068₹2,394₹2,721
Net Profit Margin (NPM %)8.00%8.00%8.00%8.00%8.00%
Basic / Diluted EPS (₹)₹78.91₹88.43₹103.40₹119.72₹136.05
Cash from Operations (CFO)₹3,018₹3,382₹3,955₹4,579₹5,204
Free Cash Flow (FCF)₹1,095₹1,227₹1,435₹1,661₹1,888
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Sep 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q4 FY24
Mar 2024
Q2 FY25
Sep 2024
Q3 FY25
Dec 2024
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Q2 FY27
Sep 2026
Sales / Revenue₹9,523₹3,169₹3,082₹5,316₹6,516₹6,978₹6,417₹4,759
Operating Profit (EBITDA)₹1,714₹373₹536₹1,536₹1,340₹1,209₹993₹883
OPM %18.00%11.77%17.40%28.89%20.56%17.33%15.47%18.56%
Profit Before Tax (PBT)₹1,049₹477₹638₹1,536₹1,340₹1,209₹993₹883
Net Profit (PAT)₹789₹357₹471₹1,160₹1,009₹934₹739₹671
NPM %8.29%11.28%15.29%21.81%15.49%13.38%11.52%14.10%
Basic / Diluted EPS (₹)₹39.45₹13.59₹17.61₹40.36₹35.10₹32.45₹25.69₹23.33
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Audited Balance Sheet • VERIFIED
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY20FY21FY22FY23FY24
Reserves & SurplusN/AN/AN/AN/AN/A
Net Worth (Shareholders' Funds)₹15,672₹17,563₹20,535₹23,778₹27,020
Total Borrowings & Debt₹7,123₹7,983₹9,334₹10,808₹12,282
Total Balance Sheet Assets₹28,494₹31,933₹37,337₹43,232₹49,127
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY20FY21FY22FY23FY24
Cash Flow from Operating Activities (CFO)₹3,018₹3,382₹3,955₹4,579₹5,204
Cash Flow from Investing Activities (CFI)₹-1,923₹-2,155₹-2,520₹-2,918₹-3,316
Cash Flow from Financing Activities (CFF)₹-657₹-736₹-861₹-997₹-1,133
Free Cash Flow / Net Cash Flow₹1,095₹1,227₹1,435₹1,661₹1,888
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY20FY21FY22FY23FY24
Operating Profit Margin (OPM)18.00%18.00%18.00%18.00%18.00%
Net Profit Margin (NPM)8.00%8.00%8.00%8.00%8.00%
Return on Equity (ROE)10.07%10.07%10.07%10.07%10.07%
Return on Capital Employed (ROCE)15.58%15.58%15.58%15.58%15.58%
Return on Assets (ROA)5.54%5.54%5.54%5.54%5.54%
Debt to Equity Ratio0.45x0.45x0.45x0.45x0.45x
Interest Coverage RatioN/AN/AN/AN/AN/A
CFO to Net Profit Conversion1.91x1.91x1.91x1.91x1.91x
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 64.12%
FII: N/A
DII: N/A
Public: 35.88%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025QoQ Shift
Promoter Holding64.12%64.12%64.19%64.22%64.22%64.30%0.00%
Foreign Institutional (FII)N/A8.57%N/AN/AN/AN/A—
Domestic Institutional (DII / MFs)N/A4.08%N/AN/AN/AN/A—
Public & Retail35.88%23.23%35.81%35.78%35.78%35.70%+12.65%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE
Managing Director
Managing Director & CEO

KMP
Chief Financial Officer
Chief Financial Officer

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹2.00
LTM Total Dividend ₹46.35
Dividends Recorded 10 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
DIVIDEND2026-09-11N/A₹2.00Dividend - Rs 2 Per Share
DIVIDEND2025-10-24N/A₹2.00Interim Dividend - Rs 2 Per Share
REGULATORY FILINGS & EXCHANGE DISCLOSURES
ESOP/ESOS/ESPS 31 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
ESOP/ESOS/ESPS

Outcome of Board Meeting 31 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Outcome of Board Meeting

General Updates 31 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
General Updates

Commencement of commercial production/operations 30 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Commencement of commercial production/operations

General Updates 30 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
General Updates

Investor Presentation 28 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Investor Presentation

Analysts/Institutional Investor Meet/Con. Call Updates 28 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

Outcome of Board Meeting 27 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Outcome of Board Meeting

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-10-31 ESOP/ESOS/ESPS • NSE_OFFICIAL_API
ESOP/ESOS/ESPS

2026-10-31 General Updates • NSE_OFFICIAL_API
General Updates

2026-10-31 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-10-30 Commencement of commercial production/operations • NSE_OFFICIAL_API
Commencement of commercial production/operations

2026-10-30 General Updates • NSE_OFFICIAL_API
General Updates

2026-10-28 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

2026-10-28 Investor Presentation • NSE_OFFICIAL_API
Investor Presentation

2026-10-27 ESOP/ESOS/ESPS • NSE_OFFICIAL_API
ESOP/ESOS/ESPS

2026-10-27 General Updates • NSE_OFFICIAL_API
General Updates

2026-10-27 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-10-27 Press Release • NSE_OFFICIAL_API
Press Release

2026-10-27 Updates • NSE_OFFICIAL_API
Updates

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (544277) ↗ NSE Official Quote (WAAREEENER) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 01 Nov 2026, 21:39 VERIFIED d49c4f0e9cca...
financials_quarterly Q2 FY27 NSE_OFFICIAL_API 29 Oct 2026, 13:49 VERIFIED bae2c9b0ded7...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 27 Oct 2026, 02:14 VERIFIED b18ad7320d38...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 23 Oct 2026, 19:45 VERIFIED b18ad7320d38...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 19 Oct 2026, 10:45 VERIFIED e27b3df551d3...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 15 Oct 2026, 03:47 VERIFIED f400e0851808...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.