Waaree Energies Ltd | Full Stock Analysis 2026 | India's Biggest Solar Stock — BUY at Rs.3,132?**
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India's largest artificial intelligence solar PV manufacturer just delivered **Rs.26,537 Crore revenue in FY26 — nearly DOUBLED in one year!** 🚀 Net profit hit Rs.3,884 Crore with a **143% profit CAGR over 5 years!** FIIs more than buffalo bills doubled their stake from 2.68% to 7.06% in just 9 months — global investors are loading up! With a Rs.53,000 Crore order book and 100+ GW pipeline, is Waaree Energies the best large-cap solar bet in India? We break down EVERYTHING — financials, capacity, new businesses, shareholding, and the real verdict! ☀️📊
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### 📌 Topics Covered in This Video:
✅ What is Waaree Energies — India's Solar Giant Explained
✅ 143% Profit CAGR Over 5 Years — How Did They Do It?
✅ FY26 Revenue Rs.26,537 Cr — Doubled in Just 1 Year!
✅ Net Profit Rs.3,884 Cr | EPS Rs.129 — Full Breakdown
✅ Quarterly Results: Rs.4,004 Cr → Rs.8,480 Cr in 4 Quarters!
✅ Module Production 12.6 GW (+77% YoY) — India's Largest
✅ Cell Production 2.3 GW vs 0.1 mattia bellucci GW Last Year — Backward Integration
✅ Manufacturing Capacity: Module 28.4 GW | Cell 15.4 GW Total
✅ Order Book Rs.53,000 Crore | Pipeline 100+ GW — Insane Visibility!
✅ BESS Business — 20 GWh by FY28 | Rs.10,000 Cr Capex
✅ Electrolyser / Green Hydrogen — 1 GW by FY27
✅ Transformer Business — 20,000 MVA | India Grid Expansion Play
✅ IPP Portfolio — 713 MW PPA Signed | 8 GW Project Pipeline
✅ Revenue Mix: Retail +84% | Overseas 20.8% | Utility 34.7%
✅ PM Surya Ghar Scheme — Rooftop Solar Boom Explained
✅ China Subsidy Removal — Why It's Massive for Waaree
✅ FII Holding 2.68% → 7.06% — Why Global Investors Are Buying!
✅ ROCE 38.8% & ROE 32.8% — Best in Class Capital Efficiency
✅ P/E 22.9x — Is Waaree Fairly Valued or Cheap?
✅ Technical Analysis — Rs.2,402 Support vs Rs.3,865 ATH
✅ Intrinsic Value Calculation — FY27 Target Price
✅ Final Verdict — STRONG BUY, HOLD or AVOID?
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### 📊 Key Numbers You Must Know:
| Metric | Value |
|--------|-------|
| CMP | Rs.3,132 |
| 52W High / Low | Rs.3,865 / Rs.2,402 |
| Market Cap | **Rs.90,094 Crore** |
| P/E Ratio | **22.9x** ✅ |
| P/B Ratio | 6.23x |
| Book Value | Rs.502 |
| ROCE | **38.8%** ✅ |
| ROE | **32.8%** ✅ |
| FY26 Revenue | **Rs.26,537 Cr** ✅ |
| FY26 Net Profit | **Rs.3,884 Cr** ✅ |
| FY26 EPS | **Rs.129.02** ✅ |
| 5Y Profit CAGR | **143%** ✅ |
| Order Book | **Rs.53,000 Cr** ✅ |
| Pipeline | **100+ GW** ✅ |
| FII Holding | **7.06% (from 2.68%)** ✅ |
| Module Capacity | **28.4 GW Total** ✅ |
| Cell Capacity | **15.4 GW Total** ✅ |
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### ⚠️ DISCLAIMER:
This video is created **purely for educational and informational purposes only.** Nothing in this video should be construed as investment advice, a buy/sell recommendation, or financial guidance of any kind.
We are **not SEBI-registered investment advisors.** All views expressed are personal opinions based on publicly available data, company filings, investor presentations, and screener data. All information is subject to change without notice.
**Stock markets are subject to market risks.** Past performance is not indicative of future returns. The solar sector is particularly subject to the following risks — Chinese module price competition, government policy changes, module price volatility, interest rate risk on capex-heavy businesses, and execution risk on new BESS and Electrolyser segments.
A 143% profit CAGR is extraordinary and is likely to moderate significantly — investors should not extrapolate past growth into the future. Order book of Rs.53,000 Cr and pipeline of 100+ GW are as disclosed by management and actual conversion depends on execution.
Capex-heavy businesses like BESS (Rs.10,000 Cr) and Electrolyser (Rs.676 Cr) can strain free cash flow if revenues are delayed.
Intrinsic value estimates shown are based on simplified models and are purely indicative.
**Please consult a SEBI-registered certified financial advisor before making any investment decisions.**
**Invest wisely. Diversify your portfolio. Never put all eggs in one basket. DYOR 🙏**
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