Waaree Energies vs KPI Green Energy vs Websol Energy System: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Waaree Energies PE 17.99, mkt cap Rs 71,999 crore. KPI Green Energy PE 13.89, mkt cap Rs 6,842 crore. Websol Energy System PE 9.95, mkt cap Rs 3,120 crore.
Quick Answer
Waaree Energies vs KPI Green Energy vs Websol Energy System is a side-by-side comparison of three companies from the Solar Equipment and Module Manufacturing space. On this comparison, Waaree Energies carries a market capitalisation of about Rs 71,999 crore against Rs 6,842 crore for KPI Green Energy and Rs 3,120 crore for Websol Energy System, with return on equity of 25.71%, 15.69% and 48.04% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Waaree Energies vs KPI Green Energy vs Websol Energy System starts with the core numbers most investors compare within the Solar Equipment and Module Manufacturing segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Solar Equipment and Module Manufacturing bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Waaree Energies, KPI Green Energy and Websol Energy System: Company Overview
Waaree Energies is a listed Indian company in the Solar Equipment and Module Manufacturing space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
KPI Green Energy is a listed Indian company in the Solar Equipment and Module Manufacturing space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Websol Energy System is a listed Indian company in the Solar Equipment and Module Manufacturing space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Waaree Energies vs KPI Green Energy vs Websol Energy System: Valuation and Profitability Snapshot
| Metric | Waaree Energies | KPI Green Energy | Websol Energy System |
|---|---|---|---|
| Market Cap (approx.) | Rs 71,999 crore | Rs 6,842 crore | Rs 3,120 crore |
| PE Ratio (TTM) | 17.99 | 13.89 | 9.95 |
| PB Ratio | 4.99 | 2.26 | 4.95 |
| Return on Equity (ROE) | 25.71% | 15.69% | 48.04% |
| EPS (TTM, Rs) | 139.17 | 24.92 | 7.22 |
| Dividend Yield | 0.16% | 0.30% | 0.35% |
| Debt to Equity | 0.22 | 1.71 | 0.21 |
| Book Value per Share (Rs) | 501.90 | 153.50 | 14.53 |
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On valuation, Waaree Energies trades at a PE of 17.99 and a PB of 4.99, KPI Green Energy at a PE of 13.89 and a PB of 2.26, while Websol Energy System trades at a PE of 9.95 and a PB of 4.95. On return on equity, the three post 25.71%, 15.69% and 48.04% respectively, and on dividend yield they stand at 0.16%, 0.30% and 0.35%.
Waaree Energies vs KPI Green Energy vs Websol Energy System: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Waaree Energies | Rs 8,102.60 crore | Rs 891.87 crore | +76.3% | -6.4% |
| KPI Green Energy | Rs 709.82 crore | Rs 94.63 crore | +15.6% | -12.4% |
| Websol Energy System | Rs 376.98 crore | Rs 77.78 crore | +70.6% | -6.8% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three solar equipment and module manufacturing names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Waaree Energies vs KPI Green Energy vs Websol Energy System highlights how differently three companies in the same solar equipment and module manufacturing segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Waaree Energies vs KPI Green Energy vs Websol Energy System
What is the market cap difference between Waaree Energies, KPI Green Energy and Websol Energy System?
Ans. As of September 2026, Waaree Energies has a market cap of approximately Rs 71,999 crore, KPI Green Energy is at approximately Rs 6,842 crore, and Websol Energy System is at approximately Rs 3,120 crore.
Which of the three has the highest PE ratio?
Ans. Among Waaree Energies, KPI Green Energy and Websol Energy System, the PE ratios stand at 17.99, 13.89 and 9.95 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Waaree Energies, KPI Green Energy and Websol Energy System post ROE of 25.71%, 15.69% and 48.04% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Waaree Energies, KPI Green Energy and Websol Energy System carry dividend yields of 0.16%, 0.30% and 0.35% respectively.
What is the debt to equity ratio for Waaree Energies, KPI Green Energy and Websol Energy System?
Ans. Waaree Energies carries a debt to equity of 0.22, KPI Green Energy of 1.71, and Websol Energy System of 0.21.
Which of the three trades at the highest price to book value?
Ans. Waaree Energies, KPI Green Energy and Websol Energy System trade at price to book ratios of 4.99, 2.26 and 4.95 respectively.
Is one of Waaree Energies, KPI Green Energy or Websol Energy System better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
