Waaree Energies Ltd, Fundamental analysis

Industry Industry name	Capital Goods - Electrical Equipment
Variance Full Year Net Profit Variance	112
Equity Latest Equity	287.65
Face Value Latest Face Value	10
Reserves Total Reserve	14149.69
Dividend Full Year Dividend %	20
Sales Turnover Full Year Net Sales	26536.77
Net Profit Full Year Net Profit	3936.43
Full Year CPS Full Year Cash Per Share	171.3
Earning Per Share Full Year Earning Per Share	136.8
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Jun 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	7931.79
Previous EPS Previous earnings per share	0
Book Value Book value	501.9
Networth Full Year Return on Networth	28.42
Price/Book Value Price to Book value	5.252042
Yearly PE ratio Full Year Price to Earning per share	19.3
Yearly PC ratio Full Year Price to Cash Per Share	15.4
Bse value BSE Value in lakhs	1647.24
Nse value NSE Value in lakhs	14328.28
High 52 week high	3864
Low 52 week low	2402
Price NSE Current market price	2635
CPM Current market price	2636

Market cap BSE / NSE Market Cap	75824.89
Net profit Latest Quarter Net Profit	850.22
Net profit variance Latest Quarter Net Profit variance	14
Result year Trailing latest month	Jun 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	11397.61
TTM OP Trailing Twelve 12 month Operating Profit	-281.72
TTM OPM Trailing Twelve 12 month Operating Profit Margin	-2.47
TTM GP Trailing Twelve 12 month Gross Profit	6456.45
TTM GPM Trailing Twelve 12 month Gross Profit Margin	21.49
TTM NP Trailing Twelve 12 month Net Profit	980.75
TTM NPV Trailing Twelve 12 month Net Profit Variane	81.59
TTM EPS Trailing Twelve 12 month EPS	140.24
TTM PE Trailing Twelve 12 month PE	18.8
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	276.81
Equity Latest Equity	287.65
LTP Latest Price (BSE/NSE)	2636
Gross block Latest Gross Block	4992.37
Loans Total loans	259.66
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	22.3
Year GPM Full Year Gross Profit Margin	23.9
Quarter OPM Latest quater Operation Profit Margin	18.2

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Sales	3,574	3,457	4,004	4,426	6,066	7,565	8,480	7,932
YOY Sales Growth %	1%	117%	36%	30%	70%	119%	112%	79%
Gross Sales	3,574	3,457	4,004	4,426	6,066	7,565	8,480	7,932
+ Expenses	3,050	2,736	3,085	3,429	4,659	5,932	6,904	6,492
Material Cost %	58%	52%	62%	84%	59%	54%	88%	60%
Raw Material Cost	2,149	1,908	2,410	2,962	3,199	4,011	6,739	4,844
Change in Inventory	-80	-128	65	760	407	86	703	-97
Manufacturing Cost %	0%	0%	0%	0%	0%	4%	0%	0%
Employee Cost %	2%	2%	3%	3%	3%	2%	2%	2%
Other Cost %	26%	25%	13%	-10%	15%	18%	-8%	20%
Raw Materials %	60%	55%	60%	67%	53%	53%	79%	61%
Purchase of Finished Goods %	13%	9%	7%	14%	15%	4%	-3%	7%
Stock Adjustments %	2%	4%	-2%	-17%	-7%	-1%	-8%	1%
Other Manufacturing Expenses %	0%	0%	0%	0%	0%	4%	0%	0%
Selling & Administration %	6%	6%	7%	7%	9%	8%	6%	6%
Development & Construction Cost %	2%	2%	3%	4%	4%	9%	6%	5%
Operating Profit	525	722	919	997	1,406	1,633	1,577	1,440
OPM %	15%	21%	23%	23%	23%	22%	19%	18%
+ Other Income	89	88	137	171	161	196	180	171
Miscellaneous Income	89	88	137	171	161	196	180	171
Interest	31	31	57	43	96	93	48	70
Depreciation	84	89	153	182	240	267	301	330
Profit before tax	499	690	845	943	1,231	1,469	1,408	1,210
+ Tax %	25%	27%	24%	18%	29%	25%	20%	26%
Current Tax	140	152	178	216	298	384	295	298
Deferred Tax	-17	31	23	-46	55	-22	-14	21
+ Net Profit	376	507	644	773	878	1,107	1,126	892
Extraordinary Income / Expense	0	0	-4	0	0	-295	0	0
Exceptional Item	0	0	-4	0	0	-295	0	0
Minority Interest (After Tax)	-14	-14	-26	-28	-36	-44	-65	-42
Net Profit After Minority Interest	362	493	619	745	843	1,062	1,061	850
EPS in Rs	13.75	18.41	21.59	25.94	29.33	36.95	36.91	29.56

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
+ Sales	1,996	1,953	2,854	6,751	11,398	14,445
Sales Growth %		-2%	46%	137%	69%	27%
Gross Sales					11,398	14,445
+ Expenses	1,946	2,019	2,621	7,951	9,823	11,727
Material Cost %	82%	83%	81%	76%	77%	71%
Raw Material Cost	1,649	1,685	2,258	6,158	9,322	9,537
Change in Inventory	-20	-73	64	-1,007	-562	653
Manufacturing Cost %	7%	8%	10%	7%	2%	2%
Employee Cost %	3%	2%	2%	2%	1%	2%
Other Cost %	6%	11%	-1%	33%	6%	6%
Raw Materials %	83%	86%	79%	91%	82%	66%
Purchase of Finished Goods %					8%	9%
Stock Adjustments %	1%	4%	-2%	15%	5%	-5%
Power & Fuel %	1%	1%	1%	1%	1%	1%
Other Manufacturing Expenses %	7%	7%	9%	6%	1%	2%
Selling & Administration %	3%	3%	2%	2%	5%	5%
Miscellaneous Expenses %	1%	1%	1%	1%	0%	1%
Development & Construction Cost %					2%	2%
Operating Profit	50	-66	233	-1,200	1,574	2,718
OPM %	3%	-3%	8%	-18%	14%	19%
+ Other Income	26	45	97	109	576	402
Miscellaneous Income					576	402
Exceptional Income					341	0
Interest	34	31	41	82	140	152
Depreciation	27	29	43	164	277	402
Profit before tax					1,734	2,565
+ Tax %					27%	25%
Current Tax	19	20	34	167	539	595
Deferred Tax	-1	2	5	9	-80	41
+ Net Profit					1,274	1,928
Profit Growth %						51%
Extraordinary Income / Expense					341	-4
Exceptional Item					341	-4
Minority Interest (After Tax)	3	1	-4	-18	-37	-61
Net Profit After Minority Interest	42	49	76	483	1,237	1,867
EPS in Rs	1.98	2.44	4.04	20.56	48.46	67.12

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	197	197	197	243	263	287
Reserves	101	148	231	1,595	3,825	9,192
+ Borrowings	157	340	363	320	553	1,199
Secured Borrowings	18	102	307	268	306	939
Unsecured Borrowings	139	238	56	53	247	260
Deferred Credit	0	1	0	0	0	0
+ Other Liabilities	483	596	1,362	5,247	6,635	9,028
Current Liabilities	417	527	1,326	4,865	5,497	8,378
Provisions	14	14	21	113	514	272
Minority Interest	42	40	12	23	61	116
Other liability items	27	34	42	397	1,395	1,076
Total Liabilities	938	1,281	2,154	7,406	11,277	19,706
+ Fixed Assets	152	285	625	1,105	1,450	4,051
Gross Block	227	386	765	1,398	2,010	4,992
Accumulated Depreciation	75	101	140	293	560	941
CWIP	40	3	124	537	1,341	1,884
Investments	85	115	143	31	71	65
+ Other Assets	661	878	1,262	5,732	8,414	13,706
Inventories	243	368	538	2,709	2,586	2,692
Trade receivables	140	117	93	313	971	1,185
Cash Equivalents	79	110	366	1,736	3,779	7,748
Loans n Advances	144	147	166	733	969	2,015
Other asset items	55	135	99	241	109	67
Total Assets	938	1,281	2,154	7,406	11,277	19,706

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
+ Cash from Operating Activity	83	67	698	1,560	2,305	3,158
Profit from Operations	118	107	191	941	2,049	2,744
Working Capital Changes	-23	-18	533	720	592	1,157
Profit Before Tax & Extraordinary Items	57	70	118	677	1,734	2,565
Depreciation	27	29	43	164	277	402
Interest (Net)	14	7	21	7	-27	-277
Profit / Loss on Sale of Assets	1	0	0	1	0	4
Profit / Loss on Sale of Investments	1	1	-11	-7	-31	-14
Provisions & Write-offs (Net)	11	9	17	52	77	68
Profit / Loss in Forex	3	-3	0	-2	9	-15
Receivables	86	22	21	-215	-670	-223
Inventories	-143	-99	-170	-2,171	123	-107
Trade Payables	-12	78	178	1,073	-6	557
Change in Deposits	0	-3	0	0	0	0
Direct Taxes Paid	-11	-22	-26	-100	-335	-743
+ Cash from Investing Activity	-22	-250	-673	-2,088	-3,346	-6,806
Purchase of Fixed Assets	-16	-70	-496	-865	-1,342	-3,274
Sale of Fixed Assets	0	0	1	4	5	1
Purchase of Investments	0	-50	-161	0	-1,913	-5,128
Sale of Investments	0	21	31	109	1,906	5,151
Capital WIP	-35	-33	0	0	0	0
Interest Received	13	17	9	30	125	298
Acquisition of Companies	-20	-2	0	0	0	0
Others	37	-133	-98	-1,365	-2,126	-3,854
+ Cash from Financing Activity	-50	161	101	642	909	4,036
Proceeds from Issue of Shares	0	0	0	1,040	1,004	3,508
Proceeds from Other Long-Term Borrowings	0	184	141	16	779	809
Repayment of Long-Term Borrowings	-21	0	0	-167	-738	-187
Repayment of Financial Liabilities	-4	0	-10	-8	-15	-23
Dividend Paid	0	0	0	0	-1	0
Interest Paid	-25	-23	-29	-69	-121	-71
Others	0	0	0	-169	-1	0
Net Cash Flow	12	-21	126	114	-132	388