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Waaree Energies
3.9
based on 553 Reviews
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Company Overview
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Working at Waaree Energies
Company Summary
Waaree Energies Ltd. is India's one of the largest Solar Manufacturers. They supply premium quality solar systems like solar panels, inverters, batteries, and water pumps
Overall Rating
3.9/5
based on 553 reviews
On-Par with
industry average
Highly rated for
Job security, Salary
Work Policy
Work from office
72% employees reported
Monday to Saturday
51% employees reported
Flexible timing
50% employees reported
No travel
51% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
30 employees reported
Health insurance
26 employees reported
Office cab/shuttle
18 employees reported
Cafeteria
13 employees reported
View all benefits
About Waaree Energies
Founded in1989 (36 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersMumbai,Maharashtra, India
Office Locations
--
Websitewaaree.com
Primary Industry
Other Industries
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Waaree Energies Ltd.is India's largest vertically integrated solar energy solution company.
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Waaree Energies Ratings
based on 553 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
225
4
151
3
68
2
26
1
83
Category Ratings
3.8
Job security
3.8
Salary
3.7
Work-life balance
3.7
Skill development
3.6
Company culture
3.6
Promotions
3.6
Work satisfaction
Waaree Energies is rated 3.9 out of 5 stars on AmbitionBox, based on 553 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Waaree Energies
based on 538 reviews
2.6
Rated by 26 Women
Rated 2.8 for Job security and 2.7 for Skill development
3.9
Rated by 512 Men
Rated 3.8 for Salary and 3.8 for Job security
Work Policy at Waaree Energies
based on 134 reviews in last 6 months
Work from office
72%
Hybrid
18%
Permanent work from home
10%
Waaree Energies Reviews
Top mentions in Waaree Energies Reviews
+ 5 more
Compare Waaree Energies with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 553 reviews | 3.9/5 based on 1.9k reviews | 4.1/5 based on 1.1k reviews | 4.2/5 based on 1.2k reviews |
Highly Rated for | Salary Job security | Skill development Job security Salary | Salary Job security Skill development | Job security Skill development Company culture |
Critically Rated for | No critically rated category | No critically rated category | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 72% employees reported | Work from office 80% employees reported | Work from office 73% employees reported | Work from office 79% employees reported |
Rating by Women Employees | 2.6 Poor rated by 26 women | 3.8 Good rated by 34 women | 4.0 Good rated by 8 women | 3.7 Good rated by 86 women |
Rating by Men Employees | 3.9 Good rated by 512 men | 3.9 Good rated by 1.8k men | 4.1 Good rated by 1.1k men | 4.3 Good rated by 1.1k men |
Job security | 3.8 Good | 3.9 Good | 4.1 Good | 4.2 Good |
View more
Waaree Energies Salaries
Waaree Energies salaries have received with an average score of 3.8 out of 5 by 553 employees.
Quality Engineer
(145 salaries)
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₹1.5 L/yr - ₹5 L/yr
Senior Engineer
(120 salaries)
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₹4 L/yr - ₹8.5 L/yr
Production Engineer
(105 salaries)
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₹1.4 L/yr - ₹4.9 L/yr
Maintenance Engineer
(72 salaries)
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₹1.7 L/yr - ₹4.9 L/yr
Deputy Manager
(68 salaries)
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₹6.5 L/yr - ₹15.4 L/yr
Senior Production Engineer
(40 salaries)
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₹4.3 L/yr - ₹7.5 L/yr
Senior Quality Engineer
(33 salaries)
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₹3.8 L/yr - ₹7.7 L/yr
Franchise Manager
(28 salaries)
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₹3.2 L/yr - ₹8.3 L/yr
Junior Engineer
(26 salaries)
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₹1.8 L/yr - ₹3.8 L/yr
Quality Inspector
(25 salaries)
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₹1.1 L/yr - ₹2.5 L/yr
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Waaree Energies News
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Solar Stocks Under Bearish Clouds — Five Factors That Can Hurt Waaree Energies, Premier Energies
- Higher competitive intensity and threat of oversupply are identified as factors that may negatively impact Waaree Energies and Premier Energies in the future.
- Both companies' stocks have seen significant declines since their market debuts, with Waaree Energies down by 22% and Premier Energies by 32% in 2025.
- Factors that could act as headwinds for Waaree Energies and Premier Energies include rise in competitive intensity and threat of oversupply.
- India's solar manufacturing sector is experiencing major capacity expansions, with Adani Enterprises and Reliance Industries expected to gain market share.
- Bernstein Research highlights the risk of global supply glut and overcapacity in the solar module space, affecting the earnings of both companies.
- The export story for Indian solar manufacturers, driven by US demand, faces challenges such as tax rebates, higher tariffs, and increased domestic capacity in the US.
- Manufacturers in the solar industry struggle with limited pricing power and difficulty passing on increased costs amidst stiff competition.
- While Waaree Energies and Premier Energies have shown improved financial performance, maintaining consistent returns becomes challenging due to rising competition.
- Analysts recommend a cautious approach towards Waaree Energies and Premier Energies, with some having 'sell' ratings on the stocks due to industry challenges.
- Integration into different stages of the solar value chain and the rapid pace of backward integration by competitors present survival challenges for both companies.
Bloomberg Quint | 4 Apr, 2025
Stock Recommendations Today: Tata Consumer, Hindalco, UPL, Star Health On Brokerages' Radar
- Tata Consumer Products Ltd., Hindalco Industries Ltd., UPL Ltd., and Star Health and Allied Insurance Co. are in focus for brokerages today.
- Bernstein anticipates a decrease in earnings growth for companies post fiscal 2027 due to capacity expansion and supply surplus.
- JPMorgan emphasizes uncertain macro impact in Q4 of the prior fiscal, affecting FY2026 projections.
- JPMorgan's IT sector analysis foresees modest growth in FY2026, with adjusted revenue forecasts for Tier 1 and Tier 2 companies.
- Bernstein's coverage of Solar PV sector includes Waaree Energies Ltd. and Premier Energies Ltd. with 'underperform' ratings.
- Jefferies expects accelerated cement volume growth in Q4 and hints at possible price hikes in April to counter petcoke fuel cost increases.
- Morgan Stanley notes strong performance in four-wheeler segment in March auto sales and rising competition in the electric vehicles market.
- Goldman Sachs upgrades Tata Consumer to 'buy' with an increased target price, projecting strong EPS growth till FY2027 driven by innovation.
- HSBC retains 'buy' rating on UPL, forecasting value creation amidst recovery and deleveraging, expecting the company to meet FY25 EBITDA guidance.
- JPMorgan sustains 'overweight' rating on Hindalco, with optimistic outlook on growth plans and cost savings initiatives.
- Nuvama upgrades Star Health to 'buy', highlighting corrective actions to reduce loss ratios and improve operational efficiency.
Bloomberg Quint | 2 Apr, 2025
Solar Market Will Eventually Be A Place For Big Players, Says Bernstein
- Bernstein analysts have initiated coverage on Waaree Energies Ltd. and Premier Energies Ltd. with an 'underperform' rating, stating that the solar market will eventually be a place for big players.
- They see earnings growth moderating for the two companies after FY27 due to capacity expansion and supply glut in the solar PV space.
- Backward integration companies like Reliance Industries Ltd. and Adani Enterprises Ltd. are expected to lead in the solar market, with bigger competitors adding competitive pressure to Waaree and Premier.
- Waaree Energies is favored over Premier Energies due to its potential for backward integration into ingot-wafer production and a substantial international order book.
Bloomberg Quint | 2 Apr, 2025
Stocks that will see action today: April 1, 2025
- DCM Shriram commissioned a caustic soda flakes plant at its Bharuch unit, increasing total capacity to 900 TPD.
- Nitco targets Rs 100 crore profit from Thane property deal with Manometer India.
- LTIMindtree expands partnership with Google Cloud to develop industry-specific solutions using AI platforms.
- NHPC starts commercial supply of 600 MW electricity from Parbati-II hydro project in Himachal Pradesh.
- Dalmia Bharat achieves production capacity of 49.5 MTPA after commercial production at Rohtas Cement Works plant.
- Bosch receives a demand notice of over Rs 20 crore from Income Tax department for assessment year 2022-2023.
- Waaree Energies inaugurates solar cell facility with 5.4 GW capacity in Chikhli, Gujarat.
- Indian Renewable Energy Development Agency reports loan sanctions of ₹47,453 crore for FY 2024-25.
- YES Bank receives a demand notice of Rs 2,209 crore for assessment year 2019-20 from income-tax department.
- Lenders withdraw petition against IndusInd International Holdings as Reliance Capital resolution plan is fully implemented.
HinduBusinessLine | 1 Apr, 2025
Waaree Energies inaugurates India’s largest solar cell factory in Gujarat
- Waaree Energies inaugurated India's largest solar cell factory in Gujarat.
- The solar cell factory has a capacity of 5.4 GW and can produce 20 solar cells per second.
- The factory utilizes the latest TOPCon technology, achieving an efficiency of 25%.
- Waaree Energies has invested ₹3,000 crore in the manufacturing facility and is also building a 6 GW wafer-to-module unit in Odisha.
HinduBusinessLine | 29 Mar, 2025
Fundraising By Indian Companies Shows No Slowdown Despite Market Volatility
- Fundraising by Indian corporates through equity and debt hit an all-time high in 2024-25, reaching Rs 3.71 lakh crore for public equity and Rs 11.12 lakh crore for debt, as per PRIME Database.
- Market volatility did not deter fundraising efforts, with a strong IPO pipeline holding SEBI approvals for Rs 84,000 crore by 49 companies and another Rs 1.02 lakh crore pending approval by 67 companies.
- The fiscal year witnessed a record-breaking 78 companies raising Rs 1.62 lakh crore through mainboard IPOs, surpassing the previous year's fundraising by over 2.5 times.
- Investor interest in new-age technology companies surged, with eight IPOs collectively raising Rs 21,438 crore in 2024-25, marking a significant increase from previous years.
- Retail investors played a significant role, with an increase in average applications to 21.33 lakh and Waaree Energies Ltd. leading with the highest number of retail applications.
- IPO listings delivered strong returns, with an average listing gain of 30%, debunking the myth that IPOs are always overpriced and do not offer long-term returns.
- Foreign portfolio investors and mutual funds accounted for a substantial portion of IPO allocations, with QIBs taking up 67% of the total public issue amount.
- Other fundraising avenues like SME IPOs, FPOs, OFS, QIPs, rights issues, and public bonds also saw significant activity and contributions in the fiscal year.
- Despite market fluctuations and March's slowdown in new IPO launches, the fundraising landscape in India demonstrated resilience and positive investor sentiment in 2024-25.
Bloomberg Quint | 27 Mar, 2025
Stocks that will see action today: March 26, 2025
- DLF has acquired a nearly 50 per cent stake in its arm DLF Urban Pvt Ltd for ₹497 crore from Singapore’s Reco Greens.
- HCL Technologies (HCLTech) has launched an agentic AI-powered ‘Industry Focused Repeatable Solution’ (IFRS) for manufacturers.
- Fair trade regulator CCI has cleared the proposal of Epic Concesiones 2 to acquire 11 road special purpose vehicles from Ashoka Concessions and Ashoka Buildcon.
- Waaree Renewable Technologies has received a Letter of Award (LOA) from Waaree Energies for the Engineering, Procurement, and Construction (EPC) of a 170 MW AC / 255 MW DC ground-mount solar power project, along with Operation & Maintenance (O&M) services.
HinduBusinessLine | 26 Mar, 2025
Stock Market Today: All You Need To Know Before Going Into Trade On March 26
- Benchmark indices gained for the seventh straight session on Tuesday, with NSE Nifty 50 rising by 0.04% to 23,668.65 and BSE Sensex ending 0.04% higher.
- Asian stocks, including Nikkei, Kospi, Australia's S&P/ASX 200, and Hang Seng, saw modest gains amid market uncertainties.
- US futures were up, with S&P 500, Dow Jones Industrial Average gaining 0.7% each and Nasdaq 100 up 0.1%.
- Foreign portfolio investors were net buyers for the fourth session, while domestic institutional investors turned net sellers.
- The rupee closed 12 paise lower at 85.76 per US dollar, breaking an eight-day winning streak.
- Stocks to watch include Infosys, PRAJ Industries, Varun Beverages, Arvind Smartspaces, and more, with significant developments reported.
- Companies like Waaree Energies, TVS Motor, Indegene, and others announced various acquisitions, investments, and operational updates.
- Market movements included bulk/block deals, trading tweaks, upcoming company meetings, F&O cues, and a currency update.
- The rupee opened stronger but closed lower against the US dollar, impacted by global sentiments and crude oil price fluctuations.
- Research reports on cement and banking sectors, along with specific stock recommendations, were highlighted for investors.
Bloomberg Quint | 26 Mar, 2025
Stock Recommendations Today: United Spirits, Bajaj Finance, Waaree Energies On Brokerages' Radar
- United Spirits Ltd., Bajaj Finance Ltd., and Waaree Energies Ltd. were highlighted by brokerages with Citi upgrading United Spirits to 'buy' and setting a target price of Rs 1,650.
- Nomura predicts that Indian IT companies' growth is likely to bottom out in financial year 2025F, while Citi remains cautious on the IT sector.
- BofA notes Indian markets entering panic zone due to foreign selling, but historically, positive returns are likely once the panic zone is exited.
- CLSA and Nomura provide insights on Indian IT companies compared to Accenture, highlighting potential opportunities amidst macroeconomic uncertainties.
- CLSA analyzes the automotive market segments with Bajaj Auto poised for growth in the 125-250cc segment.
- UBS discusses Defence Acquisition Council's approvals and positive implications for defence State-Owned Enterprises in financial year 2026.
- Brokerages like Citi and Morgan Stanley share recommendations on Bajaj Finance, emphasizing strong medium-term growth outlook and management confidence.
- Nuvama initiates a 'buy' rating on Waaree Energies, projecting significant Ebitda growth from their backward integration strategy.
- UBS maintains a 'buy' rating on Bharat Forge, highlighting the approval for procurement of 307 ATAGs and Bharat Forge being the lowest bidder.
- In addition, brokerages offer insights on Adani Enterprises in the cable and wire industry and Bain Capital's acquisition in Manappuram Finance.
Bloomberg Quint | 21 Mar, 2025
Waaree Energies Gets 'Buy' Rating From Nuvama On Multi-Decadal Growth Potential
- Nuvama has initiated a 'Buy' rating on Waaree Energies Ltd. with a target price of Rs 2,805, citing the company’s strong growth potential in the renewable energy sector, particularly in solar and green hydrogen.
- Nuvama forecasts 30% revenue CAGR and 54% EBITDA CAGR over financial year 2024-27, driven by Waaree’s expanding capacity and increasing high-margin realisations. Waaree's order book of 26.5GW with a value of Rs 50,000 crore also supports the forecast.
- Waaree is diversifying into green hydrogen, electrolysers, battery storage, and energy storage systems to position itself as a vertically and horizontally integrated new energy player. This broad expansion provides flexibility and resilience to mitigate potential risks and capitalize on the massive growth expected in the green hydrogen and solar energy markets.
- Nuvama sees Waaree's current position in the Indian renewable energy sector as akin to the Y2K-like technology boom of the 1990s. The company's EPC business is also growing rapidly, and with increased capacity and strategic diversification, greater profitability and cash flow are expected.
Bloomberg Quint | 21 Mar, 2025
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Waaree Energies FAQs
When was Waaree Energies founded?
Waaree Energies was founded in 1989. The company has been operating for 36 years primarily in the Power sector.
Where is the Waaree Energies headquarters located?
Waaree Energies is headquartered in Mumbai,Maharashtra.
How many employees does Waaree Energies have in India?
Waaree Energies currently has more than 2,500+ employees in India. Production, Manufacturing & Engineering department appears to have the highest employee count in Waaree Energies based on the number of reviews submitted on AmbitionBox.
Does Waaree Energies have good work-life balance?
Waaree Energies has a Work-Life Balance Rating of 3.7 out of 5 based on 500+ employee reviews on AmbitionBox. 68% employees rated Waaree Energies 4 or above, while 32% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Waaree Energies work-life balance reviews for more details
Is Waaree Energies good for career growth?
Career growth at Waaree Energies is rated fairly well, with a promotions and appraisal rating of 3.6. 68% employees rated Waaree Energies 4 or above, while 32% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Waaree Energies promotions/appraisals reviews for more detailed insights.
What are the pros of working in Waaree Energies?
Working at Waaree Energies offers several advantages that make it an appealing place for employees. The company is highly rated for job security and salary & benefits, based on 500+ employee reviews on AmbitionBox.
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