Waaree Energies stock in focus after it secures 1,500 MW solar module order

Synopsis: Solar stock gained nearly 2% after securing a 1,500 MW solar module order for FY27. The order strengthens its Rs. 47,000 crore order book and reinforces its position in India’s renewable energy sector.

This company is India’s largest PV module & solar cell manufacturer, leading in renewable transformation with cutting-edge technology & comprehensive solutions is now in the spotlight after securing an order for solar modules.

With a market capitalisation of Rs.  86,438 cr, the shares of Waaree Energies Ltd are currently trading at Rs. 3,005 per share, rising nearly 2% in today’s market session, making a high of Rs. 3,032.30, from its previous close of Rs. 2,980 per share. The stock is up 5% year-to-date, but has fallen 4% over the past six months and declined 6% in the last month.

Waaree Energies Ltd has received a significant domestic order for the supply of 1,500 MW of solar modules (comprising 1,000 MW DCR and 500 MW Non-DCR) from a reputed customer engaged in power generation, transmission, and distribution. 

The order was received on December 30, 2025, and will be executed during FY 2026–27. It is a one-time supply contract and does not involve any promoter or related-party interest. This development strengthens Waaree Energies’ order book and reinforces its position as a key supplier in India’s renewable energy ecosystem. As of Q2FY26, the total order book stands at Rs. 47,000 cr.

Waaree Energies Ltd is a leading Indian company in the renewable energy sector, specialising in the manufacture and supply of solar modules and solutions. It caters to both domestic and international markets, providing end-to-end solar energy solutions for power generation, transmission, and distribution, and is recognised for its focus on innovation and sustainability.

It demonstrates strong financial health with a ROCE of 34.9% and a ROE of 27.4% with a 3-year average ROE of 30.7%. The company maintains a low debt-to-equity ratio of 0.26 and a PEG ratio of 0.17, reflecting an attractive valuation. Over the last five years, it has delivered a 113% CAGR in profit growth, underscoring consistent earnings performance.

The company reported strong year-on-year growth for Q2FY26. Sales rose 70% to Rs. 6,066 cr from Rs. 3,574 cr, EBIDT surged 168% to Rs. 1,406 cr, and net profit increased 133% to Rs. 878 cr. EPS climbed 113% to Rs. 29.29 from Rs. 13.73, reflecting robust operational and earnings growth.

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