Waaree Energies Ltd.
WAAREEENER · NSE · Technology
With a 20% margin of safety, our buy-below price is ₹2,746.65.
Piotroski F-score 4/9 — quality of earnings & balance sheet.
Investability checklist
- ✓ROE above 15%31.6%
- ✓Low debt (D/E < 0.5)0.21x
- ✓Positive free cash flow
- ✓Revenue growth > 10%112%
- ✓Earnings growing71%
- ✓Net margin ≥ 10%14.0%
- ✕Current ratio > 1.51.38
- ✓Below our fair value
- ✕Margin of safety ≥ 20%
- ✕Above 200-day average
- ✕Above 50-day average
- –Positive 1-year return
- ✓Altman Z in safe zoneZ 4.73
- ✕Piotroski ≥ 74/9
1-year price
EOD · 2026-06-15Our scores
Key fundamentals
SWOT snapshot
Strengths
- •Strong return on equity (31.6%).
- •Lightly leveraged balance sheet.
- •Financially solid — Altman Z 4.73.
Weaknesses
- •Price below its 200-day moving average (downtrend).
Opportunities
- •Earnings growing (71% YoY).
- •Revenue growing (112% YoY).
- •Trading in our value buy zone versus sector peers.
About Waaree Energies Ltd.
Waaree Energies Limited manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects. It operates through three segments: Solar Photovoltaic Module Manufacturing, EPC and O&M Solutions, and the Independent Power Producer. The company offers HJT, TOPCon, mono PERC, polycrystalline, flexible, and special modules; off-grid and on-grid inverters; and solar products, such as solar streetlights, water heaters, and water pum
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Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.