WAAREEENER

Waaree Energies Limited · NSE · INE377N01017 · F&O · lot 175 · 272 sessions on record

₹2,340.00▼ −34.40 · −1.4%from ₹2,374.40 the session before · 1 Oct 2026 close · NSE end of day

Open: ₹2,374.00
High: ₹2,380.90
Low: ₹2,301.10
Day's range: ₹803.4% of the previous close
VWAP: ₹2,341.11close −0.05% from it
Volume, shares: 8.4 L1.38× the 20-session average
Turnover, ₹ crore: 200
Trades: 58,00015 shares per trade
Previous close: ₹2,374.40−34.40 to the close
Price band, next session: ₹2,106.00 – ₹2,574.0010% either side of the close · dynamic, widened in 5% steps when hit

Day range49% of the way up

₹2,301.10₹2,380.90

52-week range3% of the way up

₹2,301.10 1 Oct₹3,718.80 17 Oct

−37% from the high · +1.7% from the low

The desk read · 1 Octexpiry 27 Oct · 26 days

long unwinding

futures read

price −1.4% · OI −3.6%

+10.40

futures premium, ₹

+0.4% to spot ₹2,340.00

0.67

puts per call, by OI

by volume 0.30

2,450

max pain

+4.7% from the close

▼ −3.6%

futures OI on the day

−1,400 lots · 38,000 open

Long unwinding into a 26-day expiry: futures OI −3.6% on a −1.4% day, the most call OI sits at 2,500, the most put OI at 2,500, max pain 2,450.

Futures and options

1 Oct close · lot 175 · NSE end of day

WAAREEENER futures closed at ₹2,350.40, +0.4% to spot, with 97% of open interest in the 27 Oct contract, and the 2,340 straddle prices a move of about ±6.7% by expiry.

Futures by expiryall 3 contracts NSE lists on the stock · basis against the spot close ₹2,340.00

Futures by expiry, basis against the spot close ₹2,340.00
Expiry	Close ₹	Basis ₹ · %	Annualised %	OI lots · on the day	Share of OI %	Contracts traded
27 Oct26 days	₹2,350.40	+10.40+0.4%	+6.2%	37,000▼ −3.8% · −1,500 lots	97	3,900
23 Nov53 days	₹2,346.60	+6.60+0.3%	+1.9%	1,200▲ +2.1% · +24 lots	3.0	150
29 Dec89 days	₹2,352.20	+12.20+0.5%	+2.1%	40▲ +42.9% · +12 lots	0.10	15

3.1% of futures OI sits beyond the 27 Oct contract · 34 of 90 listed contracts traded · 16,000 option contracts changed hands

Options27 Oct expiry · 26 days

The 2,340 straddle closed at ₹155.95 (call 83.70 + put 72.25), pricing a move of about ±6.7% by the 27 Oct expiry. In the last 253 windows of 19 sessions, WAAREEENER moved more than that 120 times.

Call OI, lots: 8,40015 L shares
Put OI, lots: 5,6009.9 L shares
Puts per call, by OI: 0.67by volume 0.30
Max pain: 2,450+4.7% from the close
Contracts traded: 34 of 90listed for this expiry

Open interest by strike, lotstop three strikes each side

Calls

Strike

Puts

1,200

2,600

2,000

2,500

1,200

1,800

2,400

850

2,200

960

Open interest added on the day, lotsthree largest additions each side

Calls

Strike

Puts

+420

2,700

+350

2,500

+510

2,400

2,360

+67

2,350

+87

2,200

+180

Close ₹ · Nifty 50 rebased to the first close · futures open interest by the day's build-up126 sessions to 1 Oct · axis fixed at 4 × ATR-14 around the last close · hover or tap a session and the read beside the chart follows it

272 sessions on file · from 28 Aug

WAAREEENER close
Nifty 50, rebased
long build-up · price up, OI up
short build-up · price down, OI up
short covering · price up, OI down
long unwinding · price down, OI down

Session read · latest close: 1 Oct 2026
Close ₹ · day %: ₹2,340.00▼ −1.4% on the previous close
Against Nifty 50: Nifty −0.9%−0.6 pp difference on the day
Futures OI, lots: 38,000−1,400 lots · −3.6% on the day
The day's build-up: long unwindingprice −1.4% · OI −3.6%
Against the averages: below 20 · below 5020-session ₹2,512.09 (−6.9%) · 50-session ₹2,608.93 (−10%)
Volume: 1.38×the previous 20 sessions · 8.4 L shares
Extremes on the day: lowest close in 250 sessions · futures OI at a 60-session low

The market after the news

close against the last close before each bulletin · Nifty 50 over the same sessions

The market after the last bulletin on WAAREEENER.

Close after each bulletin on the day, one session later and five sessions later, with Nifty 50 and futures open interest
Bulletin	Day of the news	1 session later	5 sessions later	Futures OI on the day
27 SeptWaaree Energies approves Indosolar merger with share swap	▼ −1.6%Nifty −1.6% · 0.0 pp	▼ −4.6%Nifty −1.8% · −2.8 pp	—not reached	▼ −1.7%long unwinding

1 of 1 bulletins

Quarterly results

consolidated · latest filed 29 Jul, 07:55 pm IST · NSE filings

Revenue ₹7,932 cr, +79% on a year earlier; profit ₹892 cr, +15% in the Jun 2026 quarter, consolidated.

Last 8 quarters, consolidated₹ crore as filed · year on year against the same quarter a year earlier · market: close on the first session after the filing against the last close before it, Nifty 50 over the same session

Quarterly results of WAAREEENER on the consolidated basis with the market's move on the first session after each filing
Quarter	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹	Market on the day
Jun 2026filed 29 Jul	₹7,932 cr	▲ +79%	₹892 cr	▲ +15%	29.50	▼ −4.1%Nifty +0.3% · −4.3 pp
Mar 2026filed 30 Apr · audited	₹8,480 cr	▲ +110%	₹1,126 cr	▲ +75%	36.84	▼ −11.0%Nifty −0.7% · −10.2 pp
Dec 2025filed 21 Jan	₹7,565 cr	▲ +120%	₹1,107 cr	▲ +120%	36.89	▲ +9.2%Nifty +0.5% · +8.7 pp
Sept 2025filed 16 Oct	₹6,066 cr	▲ +70%	₹878 cr	▲ +130%	29.27	▼ −2.5%Nifty +0.5% · −3.0 pp
Jun 2025filed 28 Jul	₹4,426 cr	—	₹773 cr	—	25.84	▲ +1.9%Nifty +0.6% · +1.4 pp
Mar 2025filed 23 Apr · audited	₹4,004 cr	—	₹644 cr	—	21.51	▲ +15.0%Nifty +0.7% · +14.3 pp
Dec 2024filed 30 Jan	₹3,457 cr	—	₹507 cr	—	18.33	▲ +8.9%Nifty +1.1% · +7.8 pp
Sept 2024filed 19 Nov	₹3,574 cr	—	₹376 cr	—	13.71	▼ −6.2%Nifty −0.7% · −5.5 pp

By financial yearApril to March · each year the sum of its four quarters as filed, consolidated · EPS summed across the quarters · only complete years

Financial-year results of WAAREEENER on the consolidated basis, summed from the quarters filed
Year	Revenue ₹ cr	Revenue YoY	Profit ₹ cr	Profit YoY	EPS ₹
FY26to Mar 2026	₹26,537 cr	—	₹3,884 cr	—	128.84

Fundamentals

consolidated · filings to Jun 2026 · close ₹2,340.00 on 1 Oct

WAAREEENER trades at 18 times trailing earnings against 24 for its industry, 4.5 times book value, revenue +94% over twelve months, a 0.34% dividend yield, market cap ₹67,000 cr.

Valuationarithmetic on filings and the close · each cell names what it rests on · — where an input is missing

Market cap: ₹67,000 cron 1 Oct · free float ₹24,000 cr
Price to earnings: 18consolidated · four quarters to Jun 2026 · industry 24
Trailing EPS: ₹132.50diluted · consolidated · four quarters to Jun 2026
Price to book: 4.5consolidated · balance sheet to Mar 2026
Book value a share: ₹521.84consolidated · balance sheet to Mar 2026 · over NSE's share count
Debt to equity: 0.17borrowings over equity · consolidated · balance sheet to Mar 2026
Return on equity: 33%trailing profit over average equity · consolidated
Dividend yield: 0.34%₹8.00 a share in 365 days
Face value: ₹10a share
Shares outstanding: 29 cron 1 Oct

Growthsums of the four quarters filed to Jun 2026 · growth against the four quarters before them · consolidated

Revenue, trailing 12 months: ₹30,043 crfour quarters to Jun 2026
Revenue growth, 12 months: ▲ +94%against the twelve months before
Revenue 3-year CAGR: —needs twelve consecutive quarters filed
Profit, trailing 12 months: ₹4,003 crfour quarters to Jun 2026
Profit growth, 12 months: ▲ +74%against the twelve months before
Profit 3-year CAGR: —needs twelve consecutive quarters filed

PeersBSE sub-group Other Electrical Equipment · F&O stocks with filings on record · industry P/E 24, market caps over trailing profit of 2 stocks

Stocks in the BSE sub-group Other Electrical Equipment with market cap, price to earnings and price to book
Stock	Market cap ₹	P/E	P/B	Close ₹
APARINDSApar Industries Limited	74,000 cron 1 Oct	—	14	₹17,648.00
WAAREEENERWaaree Energies Limited	67,000 cron 1 Oct	18consolidated	4.5	₹2,340.00
PREMIERENEPremier Energies Limited	40,000 cron 1 Oct	24consolidated	9.3	₹878.05
EMMVEEEmmvee Photovoltaic Power Limited	21,000 cron 1 Oct	—	5.7	₹305.90
AVALONAvalon Technologies Limited	15,000 cron 1 Oct	—	21	₹2,280.20
UTLSOLARFujiyama Power Systems Limited	12,000 cron 1 Oct	—	—	₹401.65
GENUSPOWERGenus Power Infrastructures Limited	8,500 cron 1 Oct	—	3.8	₹280.00
WAAREERTLWaaree Renewable Technologies Limited	8,400 cron 1 Oct	—	9.0	₹808.80
RAMRATRam Ratna Wires Limited	5,800 cron 1 Oct	—	9.8	₹616.55
VIKRAMSOLRVikram Solar Limited	5,600 cron 1 Oct	—	1.8	₹154.35
SAATVIKGLSaatvik Green Energy Limited	5,200 cron 1 Oct	—	3.8	₹405.55
WEBELSOLARWebsol Energy System Limited	3,000 cron 1 Oct	—	4.7	₹68.70
RELTDRavindra Energy Limited	2,900 cron 1 Oct	—	6.6	₹147.00
RISHABHRishabh Instruments Limited	2,700 cron 1 Oct	—	3.6	₹698.80
ADVAITAdvait Energy Transitions Limited	2,000 cron 1 Oct	—	7.0	₹1,863.00
RIRRIR Power Electronics Limited	1,400 cron 1 Oct	—	—	₹176.95
SALZERELECSalzer Electronics Limited	940 cron 1 Oct	—	1.6	₹530.90
KECLKirloskar Electric Company Limited	800 cron 1 Oct	—	6.1	₹120.45
PROSTARMProstarm Info Systems Limited	800 cron 1 Oct	—	2.8	₹135.40
PERMAGNPermanent Magnets Limited	740 cron 1 Oct	—	—	₹861.30
SOLEXSolex Energy Limited	720 cron 1 Oct	—	2.8	₹670.95
MEILMangal Electrical Industries Limited	720 cron 1 Oct	—	1.2	₹262.10
URJAUrja Global Limited	450 cron 1 Oct	—	2.4	₹8.60
AEPLArtemis Electricals and Projects Limited	390 cron 1 Oct	—	4.1	₹15.35
S&SPOWERS&S Power Switchgears Limited	360 cron 1 Oct	—	4.1	₹294.10
RMCRMC Switchgears Limited	210 cron 1 Oct	—	1.6	₹202.55
PIGLPower & Instrumentation (Gujarat) Limited	200 cron 1 Oct	—	1.2	₹93.85
RTSPOWRRTS Power Corporation Limited	100 cron 1 Oct	—	—	₹114.10
DIACABSDiamond Power Infrastructure Limited	—	—	—	—
GENSOLGensol Engineering Limited	—	—	—	—
MODISONLTDMODISON LIMITED	—	—	—	—
MTARTECHMtar Technologies Limited	—	—	—	—
SPELSSPEL Semiconductor Limited	—	—	—	—

Shareholding

quarter to 30 Jun · none pledged · NSE filings

Promoters hold 64.1%, foreign portfolio investors 8.6%, mutual funds 2.8% and insurance companies 0.2%, as filed for the quarter to 30 Jun.

64.1%16.7%

By category, last 5 quarterspercent of shares · beneath each figure, the change in percentage points against the previous quarter on file

Shareholding of WAAREEENER by category over the last 5 quarters with the change against the previous quarter
Category	30 Jun	31 Mar	31 Dec	30 Sept	30 Jun
Promoters	64.12▼ −0.07 pp	64.19▼ −0.03 pp	64.220.00 pp	64.22▼ −0.08 pp	64.30
Foreign portfolio investors	8.57▲ +1.51 pp	7.06▲ +0.15 pp	6.91▲ +0.56 pp	6.35▲ +3.67 pp	2.68
Mutual funds	2.81▼ −0.17 pp	2.98▲ +1.67 pp	1.31▼ −0.01 pp	1.32▼ −0.10 pp	1.42
Insurance companies	0.20▲ +0.08 pp	0.12▼ −0.01 pp	0.13▲ +0.09 pp	0.040.00 pp	0.04
Banks and financial institutions	1.07▼ −0.15 pp	1.22▼ −0.20 pp	1.42▼ −0.04 pp	1.46▲ +0.06 pp	1.40
Individual investors	16.74▼ −1.26 pp	18.00▼ −1.60 pp	19.60▼ −0.39 pp	19.99▼ −2.78 pp	22.77
Bodies corporate	2.29▼ −0.10 pp	2.39▼ −0.04 pp	2.43▼ −0.04 pp	2.47▼ −0.56 pp	3.03
Other foreign holders	1.910.00 pp	1.910.00 pp	1.91▼ −0.01 pp	1.92▼ −0.25 pp	2.17
Others	2.29▲ +0.15 pp	2.14▲ +0.07 pp	2.07▼ −0.16 pp	2.23▲ +0.04 pp	2.19

Corporate actions

NSE and BSE records

Nothing upcoming on record; the last was a dividend of ₹2.00 a share, ex-date 11 Sept 2026.

Actionsex-dates · upcoming first, then the last eight · dividends in rupees a share, bonus and split as ratios

Corporate actions of WAAREEENER, upcoming first, then the most recent
Ex-date	Action	Amount or ratio	Record date	Source
recent
11 Sept 2026	dividend	₹2.00	11 Sept 2026	BSE
24 Oct 2025	dividend	₹2.00	24 Oct 2025	BSE

Calendaras notified to the exchange

Next results: —no board meeting notified yet
Dividends in 365 days: ₹8.00a share · ex-dates inside the year
Last dividend: ₹2.00ex-date 11 Sept 2026

Price history

272 sessions on record · to 1 Oct · NSE end of day

WAAREEENER is −9.3% over 20 sessions against Nifty's −6.2%, 37% below its 52-week high, realised volatility 28% annualised.

Returns against Nifty 50longest window first · Nifty 50 over the same sessions

Returns of the stock and Nifty 50 over six windows, longest first
Window	From ₹	WAAREEENER %	Nifty 50 %	Difference pp
250 sessionssince 26 Sept	₹3,207.68	▼ −27%	▼ −9.1%	−18
120 sessionssince 9 Apr	₹3,232.49	▼ −28%	▼ −5.7%	−22
60 sessionssince 8 Jul	₹2,823.36	▼ −17%	▼ −6.1%	−11
20 sessionssince 2 Sept	₹2,581.07	▼ −9.3%	▼ −6.2%	−3.1
5 sessionssince 24 Sept	₹2,481.97	▼ −5.7%	▼ −2.8%	−2.9
1 sessionsince 30 Sept	₹2,374.43	▼ −1.4%	▼ −0.88%	−0.57

Averages of the closeclose against each average

5-session average: ₹2,408.88close −2.9% from it
20-session average: ₹2,512.09close −6.9% from it
50-session average: ₹2,608.93close −10% from it
200-session average: ₹2,883.59close −19% from it

Range and volumetrue range over 14 sessions · high to low over 20 · volume against the 20-session average

Average true range, 14: ₹672.9% of the close
Average day's range, 20: ₹572.4% of the close
Volume against 20 sessions: 1.38×8.4 L vs 6.1 L average

Volatility and co-movement with Nifty 50annualised from daily log returns · counts share one denominator per cell

Realised volatility, 20: 28%≈ ±1.8% a session · moved more than that on 7 of 20
Realised volatility, 60: 24%≈ ±1.5% a session · moved more than that on 17 of 60
Realised volatility, 250: 36%≈ ±2.3% a session · moved more than that on 53 of 250
Beta to Nifty, 60: 0.82moved with Nifty on 40 of 60 sessions
Beta to Nifty, 250: 0.93moved with Nifty on 164 of 250 sessions

Up and down sessionscloses above and below the previous close

Last 20 sessions: 5 up · 15 downof 20
Last 60 sessions: 21 up · 39 downof 60
Last 250 sessions: 115 up · 135 downof 250
Best session, 250: ▲ +11%3 Feb
Worst session, 250: ▼ −11%30 Apr

Waaree Energies Limited is in 16 NSE indices

all 16 indices

1 bulletins on WAAREEENER

latest 27 Sept 2026

Beats in the coverage

Energy1

September 2026

27 Sept Waaree Energies approves Indosolar merger with share swapWaaree Energies approved the merger of subsidiary Indosolar with a 1:11 share swap ratio, aiming to consolidate solar manufacturing. This strategic move may enhance operational efficiency and investor sentiment in the renewable energy sector.Medium

About Waaree Energies Limited

exchange masters as of 18 Sept 2026 · classification by BSE

Company: Waaree Energies Limited
Exchange: NSE · BSE 544277, group A
Listed on NSE: 28 Oct 2024
Classification: Industrials › Capital Goods › Electrical Equipment › Other Electrical Equipment
Index: BSE 200
Face value: ₹10 a share
ISIN: INE377N01017
Sessions on record: 272
Price source: NSE UDiFF bhavcopy · end of day · delayed
Filings: NSE and BSE public disclosures · results, shareholding and corporate actions as filed
Computed: 2 Oct, 12:07 am IST
Bulletins: 1 · written by the desk · not a recommendation

OI Charts is not a SEBI-registered investment adviser or research analyst. Prices, open interest, filings and the desk read are exchange data and arithmetic on it, not a basis for any investment decision.