Synopsis:
The shares of the corporate are in focus after the corporate receives two orders for the availability of photo voltaic modules from Indian and US clients.
This power inventory, which is an Indian producer of photo voltaic PV modules with an combination put in capability of 18.7 GW and has 5 photo voltaic module manufacturing amenities in India, with worldwide presence was within the highlight following the announcement of the corporate bagging two orders.
With the market cap of Rs 1,03,150 crore, the shares of Waaree energies ltd gave a closing at Rs 3,585 and gained roughly 3.2 p.c in intraday from its earlier day low of Rs 3,528. The shares had been listed precisely a yr again and have given a return of 43.32 p.c ever since.
Concerning the order
The Firm obtained two orders on October 24, 2025. One is for the availability of 220MW, 210MW and 140MW photo voltaic modules from famend clients engaged within the enterprise of proudly owning, creating and working renewable energy initiatives in India.
One other order is bagged by Waaree Photo voltaic Americas, an entirely owned subsidiary of the Firm for the availability of 122MW photo voltaic modules from a famend buyer who’s a developer and owner-operator of utility-scale photo voltaic and power storage initiatives throughout the US. The provision time for the order is FY26 and FY27, respectively.
Financials and others
The Income from gross sales is Rs 6,066 Crore in Q2 FY26 versus Rs 3,574 crore in Q2 FY25 which is a rise of about 70 p.c YoY foundation. Equally, there was a rise in Web revenue of 133 p.c once we evaluate the Q2 FY25 revenue of Rs 376 crore with the Q2 FY26 revenue of Rs 878 crore.
The share is buying and selling at a PE of 38 which is lesser than its median PE of 43.5. Its order e-book as of Q2 FY26 is at Rs 47,000 crore out of which 59.5 p.c got here from India and remaining 40.5 p.c got here from abroad . Equally its ROCE and ROE is 41.8 p.c and 34.8 p.c respectively.
The Renewable power section is ever rising in India and firms like Waaree Energies are dominating the section and with a capex of Rs 25,000 crore plus , the corporate is energetic in its strategic progress planning. The corporate has a strategic inexperienced power portfolio containing battery power storage system, inverters, inexperienced hydrogen electrolyser and renewable energy infrastructure.
Written by Leon Mendonca
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