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Waaree Energies stock: growth
WAAREEENER.NSWaaree Energies reported $2.82B in revenue for fiscal 2026, up 83.7% on the prior year, up 68.7% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
43.7%
per year from 2017 to 2026, per share 41.5%
Earnings (Annual rate)
70.3%
per year from 2017 to 2026, per share 67.7%
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2021 | since 2017 | |
|---|---|---|
| Revenue | 68.7% | 43.7% |
| Revenue per share | 68.7% | 41.5% |
| Earnings | 140.0% | 70.3% |
| Earnings per share | 140.0% | 67.7% |
| Free cash flow | no data | no data |
| Free cash flow per share | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2017 | $108.06M | $3.27M | $0 |
| 2018 | $144.26M | $2.45M | $0 |
| 2019 | $169.11M | $8.42M | −$2.81M |
| 2020 | $212.13M | $4.73M | −$2.33M |
| 2021 | $206.39M | $4.95M | −$13.42M |
| 2022 | $302.25M | $8.04M | $21.72M |
| 2023 | $717.54M | $51.31M | $73.85M |
| 2024 | $1.21B | $131.5M | $102.32M |
| 2025 | $1.54B | $198.48M | −$12.32M |
| 2026 | $2.82B | $394.47M | −$309.56M |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 3 Jul 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.