Is Waaree Renewables a bargain after the fall?

Waaree Renewables, long regarded as a symbol of India’s solar success, has seen a sharp re-rating over the past year. Its price-to-earnings multiple has dropped from around 260 times in April 2024 to 45 times currently, as the stock declined by more than 53 per cent. With this steep correction and a promising growth outlook, the obvious question emerges: is Waaree Renewables now an attractive opportunity?

This article was originally published on June 14, 2025.