Rs 47,000 Crore Order Book: This Solar Energy Company Reports 255 Per cent PAT Growth and Commissions India’s Largest Solar Cell Facility

Major public shareholders include Kalpraj Damji Dharamshi with 2.32 per cent, Vt Energy Srl with 2.17 per cent, Het Paresh Mehta with 1.22 per cent, and Madhuri Madhusudan Kela with 1.16 per cent.

Waaree Energies Ltd has reported its strongest quarter ever, with total revenue for Q4 growing by approximately 38 per cent year-on-year to Rs. 4,141 crore. The company's EBITDA for the quarter increased by 116 per cent year-on-year, while the PAT grew by 255 per cent year-on-year. The order book stands at 25 GW, valued at approximately Rs. 47,000 crore. Waaree has operationalised India's largest cell facility with a capacity of 5.4 GW in Gujarat. The company is expanding its manufacturing capabilities, with plans to establish an additional 1.6 GW module manufacturing line in Texas, USA, and a 3.2 GW line at its Chikhli plant. The credit rating for Waaree's bank facilities has been upgraded to CARE A+ stable. Mr. Amit Paithankar, Whole Time Director & CEO, stated, 'FY25 marks a pivotal inflection point in Waaree’s journey—a year where our strategy, scale, and execution converged to deliver industry-leading EBITDA performance of Rs. 3,123.20 crore.'

Waaree Energies Limited, established in 1990, is a leading Indian manufacturer of solar PV modules with an installed capacity of 12 GW. The company operates five manufacturing facilities in India and has a significant international presence. Waaree holds a 21 per cent share of the domestic solar module market and a 44 per cent share in India's solar module exports. The company's product portfolio includes multicrystalline, monocrystalline, and advanced technologies like TOPCon modules. Waaree is expanding its manufacturing capacity to 20.9 GW by 2027, including backward integration into solar cell, ingot, and wafer production. The company engages in trading solar components and has a diverse revenue stream, with 78 per cent from solar PV modules, 15 per cent from EPC services, and 7 per cent from energy storage systems. Waaree exports to multiple countries, with the U.S. being the largest market. The company is setting up a 1.6 GW facility in Texas, USA, to cater to the American market.

The current stock price of Waaree Energies Ltd is Rs 2611.85. The 52-Week High is Rs 3633.65, and the 52-Week Low is Rs 2091.95. The market capitalisation of Waaree Energies Ltd is Rs 70,170 crore. The Price-Earnings (PE) Ratio is 61.11. Major public shareholders include Kalpraj Damji Dharamshi with 2.32 per cent, Vt Energy Srl with 2.17 per cent, Het Paresh Mehta with 1.22 per cent, and Madhuri Madhusudan Kela with 1.16 per cent.

Investors should keep an eye on this Large-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.