Added to YB: 2026-04-28
Pitch date: 2026-04-24
WAAREEENER.NS [neutral]
Waaree Energies Limited
-9.08%
current return
Author Info
No bio for this author
Company Info
Waaree Energies Limited manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.
Market Cap
N/A
Pitch Price
INR 3.3K
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Waaree Renewable Tech: From 'Just Another Solar EPC' to India’s Hidden Energy Infra Monopoly?
WAAREEENER.NS (deep dive): Solar EPC transitioning to integrated energy infra platform. FY26 rev ₹3,331cr (+109% YoY), PAT ₹479cr (+108%), 19% OPM. 2.9GW order book + 36GW pipeline. Key pivot: ₹1,225cr ASPL acquisition for transmission control. Expanding into BESS, data centers, IPP (54.8MWp). Risk: margin compression from competition, working capital stress. 22.9x P/E vs prior 100x+ peak. Market pricing EPC growth, missing infra integration upside. Execution risk understated in 2.5x revenue scale-up.
Read full article (14 min)