Top Solar Stocks Compared: Waaree Energies vs Premier Energies vs Saatvik Green vs Websol Energy vs Vikram Solar on Price, Valuation, Q2 FY27 Results and Risks

Solar stocks compared here means Waaree Energies, Premier Energies, Saatvik Green, Websol Energy and Vikram Solar on one page, checked on previous close, market value, valuation and the latest quarterly numbers. All five make solar modules or cells, but they differ in scale, in how far they have moved into cell manufacturing and in the orders they serve, which is exactly why a side-by-side look helps.

Waaree Energies, Premier Energies, Saatvik Green and Websol Energy have filed their September 2026 quarter, so their results below are Q2 FY27. Vikram Solar is shown on its June 2026 quarter, which is Q1 FY27. Solar makers are tied to clean energy policy and power demand, so a glance at the Nifty 500 page and the Sensex page before you read the tables gives useful backdrop.

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Solar Stocks Compared: The Five Manufacturers on the List

The solar stocks compared here are Waaree Energies, Premier Energies, Saatvik Green, Websol Energy and Vikram Solar. Waaree Energies is the largest by market capitalisation at Rs 69,842 crore. Previous closes run from Rs 72.53 for Websol Energy to Rs 2,439.00 for Waaree Energies, which is why a side-by-side look at value rather than price is more useful. This solar stocks compared list is the base for every table that follows.

Stock	Previous close (Rs)	Market cap (Rs crore)
Waaree Energies	2,439.00	69,842
Premier Energies	885.00	40,175
Saatvik Green	365.40	4,612
Websol Energy	72.53	3,125
Vikram Solar	143.22	5,077

A quick look at the business behind each ticker puts the numbers in context. Waaree Energies is one of the largest solar module makers in the country, while Premier Energies makes solar cells and modules. Saatvik Green makes solar modules at plants in India, and Websol Energy makes solar cells and modules at its plant in West Bengal. To compare solar stocks properly, line up price to earnings, return on equity and debt to equity before forming a view.

Rounding out the group, Vikram Solar makes solar modules and also offers project services. A fair solar stock comparison looks at what each company actually earns from, not only at the share price. Large module makers and smaller niche players belong in separate mental boxes whenever you compare solar stocks fairly.

Solar Stocks Valuation: Growth Multiples and Returns

Websol Energy trades at the lowest price to earnings ratio in this group at 9.00. It also reports the highest return on equity at 44.73%. Vikram Solar has the lowest price to book value at 1.60. These solar stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this solar stocks compared table: price to earnings and return on equity sit side by side so a high or low reading stands out at once.

Stock	Price to earnings	Price to book	ROE (%)	Dividend yield (%)	Debt to equity
Waaree Energies	18.01	4.36	23.05	0.16	0.33
Premier Energies	22.54	7.77	34.23		0.72
Saatvik Green	25.22	3.31	13.23		1.41
Websol Energy	9.00	4.02	44.73	0.35	0.02
Vikram Solar	14.22	1.60	14.85		0.20

Solar manufacturers trade across a wide range of price to earnings multiples because order books, capacity plans and policy support differ by company. Return on equity and debt to equity help you judge whether growth is earned and how comfortably new plants are funded. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple solar stock comparison like this one is only as useful as the context behind it, which is why debt to equity is worth checking as well.

In this group, price to earnings runs from 9.00 for Websol Energy to 25.22 for Saatvik Green. Websol Energy offers the highest dividend yield at 0.35%. Industry price to earnings readings differ by sub-sector: Waaree Energies, Saatvik Green, Websol Energy and Vikram Solar at 42.52; Premier Energies at 44.57. The industry price to earnings is a handy anchor: a solar stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built solar stock comparison also notes that module prices can move margins between quarters. Run the same solar stock comparison on your own watchlist and the pattern in these numbers will be easier to spot.

Solar Stocks Q2 FY27 Results: Revenue and Profit Check

Four of the five solar stocks compared have filed Q2 FY27 numbers. Websol Energy posted the fastest revenue growth at 113.0% year on year. Websol Energy showed the sharpest rise in net profit at 73.2%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. The others are shown on their latest reported quarter, so read each one for what it is. Treat the Q2 FY27 numbers in this solar stocks compared review as a snapshot of one quarter, not a verdict on any solar maker.

Stock	Q2 FY27 revenue (Rs crore)	Q2 FY26 revenue (Rs crore)	Q2 FY27 net profit (Rs crore)	Q2 FY26 net profit (Rs crore)
Waaree Energies	7,665	6,227
Premier Energies	2,656	1,921	462.4	353.4
Saatvik Green	927.9	783.2
Websol Energy	365.3	171.5	80.2	46.3

Waaree Energies Results Snapshot

In the September 2026 quarter, Waaree Energies booked revenue of Rs 7,665 crore against Rs 6,227 crore in the same quarter last year, a rise of 23.1%.

Premier Energies Results Snapshot

Premier Energies' Q2 FY27 top line stood at Rs 2,656 crore, versus Rs 1,921 crore in Q2 FY26, a rise of 38.2%. Net profit rose 30.8% to Rs 462.4 crore from Rs 353.4 crore. Earnings per share for the quarter rose to Rs 10.24 from Rs 7.89.

Saatvik Green Results Snapshot

Saatvik Green reported Q2 FY27 revenue of Rs 927.9 crore, compared with Rs 783.2 crore a year earlier, a rise of 18.5%.

Websol Energy Results Snapshot

In the September 2026 quarter, Websol Energy booked revenue of Rs 365.3 crore against Rs 171.5 crore in the same quarter last year, a rise of 113.0%. Net profit rose 73.2% to Rs 80.2 crore from Rs 46.3 crore. Earnings per share for the quarter rose to Rs 1.85 from Rs 1.08.

Vikram Solar Results Snapshot

Vikram Solar has reported only its Q1 FY27 numbers so far, with revenue of Rs 1,576 crore for the June 2026 quarter. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.

Solar results depend on module prices, capacity use and order execution, so profit can look different from revenue in a single quarter. That is why a solar stock comparison works best when revenue and profit are read together across two or three quarters. Used this way, a solar stocks compared review becomes a map of the sector rather than a price list. When you compare solar stocks after each result season, track how debt to equity changes from one quarter to the next. A solar stock comparison built on one quarter of data is a starting point, and the next set of results will update it.

Solar Stocks Compared Two at a Time: Three Pairings

Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare solar stocks two at a time.

Waaree Energies vs Premier Energies

Waaree Energies and Premier Energies are two of the largest listed solar manufacturers in India, and both are expanding module and cell capacity. On price to earnings, Waaree Energies carries the lower multiple at 18.01 against 22.54 for Premier Energies. Premier Energies reports the higher return on equity, at 34.23% against 23.05% for Waaree Energies. In Q2 FY27, Premier Energies grew revenue faster, at 38.2% year on year against 23.1% for Waaree Energies. Both are scaling up, so read growth next to valuation before you judge either multiple.

Saatvik Green vs Websol Energy

Saatvik Green and Websol Energy are smaller manufacturers, which gives readers a view of how the sector looks beyond the two giants. Saatvik Green is about 1.5 times the size of Websol Energy by market capitalisation, at Rs 4,612 crore against Rs 3,125 crore. Websol Energy reports the higher return on equity, at 44.73% against 13.23% for Saatvik Green. In Q2 FY27, Websol Energy grew revenue faster, at 113.0% year on year against 18.5% for Saatvik Green. Smaller makers can grow faster from a low base, so read returns and debt before you read the ratio.

Vikram Solar vs Waaree Energies

Vikram Solar and Waaree Energies both sell modules and offer project services alongside them. Waaree Energies is about 13.8 times the size of Vikram Solar by market capitalisation, at Rs 69,842 crore against Rs 5,077 crore. On price to earnings, Vikram Solar carries the lower multiple at 14.22 against 18.01 for Waaree Energies. Waaree Energies reports the higher return on equity, at 23.05% against 14.85% for Vikram Solar. Both mix manufacturing with projects, so read the business mix before you read the ratio.

Best Solar Stocks for Each Type of Investor

People who ask for the best solar stocks often have very different goals, so here is who leads on each measure today, row by row. Any solar stocks compared table can mislead if you stop at one row, because each solar maker leads on a different measure.

If you care most about	Start your research with	The number
Lowest price to earnings	Websol Energy	9.00
Highest return on equity	Websol Energy	44.73%
Highest dividend yield	Websol Energy	0.35%
Lowest price to book value	Vikram Solar	1.60
Largest by market capitalisation	Waaree Energies	Rs 69,842 crore
Fastest Q2 FY27 revenue growth	Websol Energy	113.0%
Sharpest Q2 FY27 net profit rise	Websol Energy	73.2%

No single name tops every row, which is exactly why a solar stock comparison helps. Growth, returns, valuation and balance sheet strength each point to a different company, so decide what matters most to you before you rank the numbers.

What Is Driving Solar Manufacturing Right Now?

India is adding solar capacity at a fast pace, and policy support for local module and cell manufacturing is drawing investment into new plants. Rising power demand and corporate buyers of clean energy keep orders coming. Knowing what moves module prices and capacity use helps you compare solar stocks with the right questions in mind.

Module prices, capacity use and the share of cells made in-house decide profit for a solar manufacturer. Companies that add cell and wafer capacity can capture more of the value chain. A good solar stocks compared routine therefore tracks order book, capacity use, module prices and operating margin.

Risks to Weigh When You Compare Solar Stocks

Solar stocks depend on module prices, import competition, policy changes and the pace of new capacity. Orders can arrive unevenly, so quarterly numbers may swing. Read each filing for capacity, pricing and order commentary before you compare them. Every solar stock comparison has blind spots, and for this group the biggest is module prices and capacity use.

Because order book, capacity use, module prices and operating margin drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this solar stocks compared guide a balanced starting point.

How to Compare Solar Stocks and Build a Shortlist

Start by deciding whether you want a large module maker, a cell-focused maker or a smaller niche player, because each responds to different triggers. Larger names reward readers who track order books, while smaller names reward those who track capacity additions. Done step by step, this solar stocks compared routine becomes repeatable rather than a one-off exercise.

Then check valuation and debt, because growth multiples leave less room for slips and new plants are funded with capital. Spreading your attention across one large maker and one smaller name is a simple way to see both sides of the sector. Keep the shortlist of best solar stocks short enough that you can actually follow each company's quarterly results. When you compare solar stocks again after new results, update only the rows that changed instead of starting over.

The Univest stock screener lets you filter solar stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this solar stocks compared page after the next set of results to see which numbers have moved.

Check the Univest Screener for live solar stock data

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Conclusion: Solar Stocks Compared at a Glance

This solar stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. Waaree Energies leads on size and Websol Energy leads on return on equity, while the others bring their own strengths. Treat the solar stocks Q2 FY27 results and solar stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare solar stocks again next quarter, the same checklist of price to earnings, return on equity and debt to equity will work.

Frequently Asked Questions on Solar Stocks Compared

Which are the top solar stocks compared in this article?

Ans. The solar stocks compared in this article are Waaree Energies, Premier Energies, Saatvik Green, Websol Energy and Vikram Solar. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, giving you a quick, even-handed view of the group ahead of any detailed filing review.

Which solar stock has the highest market capitalisation?

Ans. Among the five names, Waaree Energies has the highest market capitalisation at Rs 69,842 crore. Premier Energies follows at Rs 40,175 crore. The figure reflects what the market is paying for the whole company today, and it will change as prices move, so refresh it before you decide.

Which of these solar stocks has the lowest price to earnings ratio?

Ans. On solar stocks valuation, Websol Energy has the lowest price to earnings ratio among these solar stocks at 9.00, based on the latest reported earnings. Saatvik Green sits at the other end at 25.22. The lowest ratio is not a verdict on the stock, since earnings growth and quality decide whether a multiple is fair.

Which solar stock has the highest return on equity?

Ans. Websol Energy reports the highest return on equity in this group at 44.73%. A higher return on equity points to a company that turns shareholder funds into profit efficiently. Check the trend over time and the debt level before leaning on a single reading.

How did solar stocks perform in Q2 FY27 results?

Ans. Four of the five names have filed Q2 FY27 numbers in our data. Websol Energy recorded the fastest revenue growth at 113.0% year on year. Websol Energy showed the sharpest net profit rise at 73.2%. For solar stocks Q2 FY27 results, the others are covered on their latest reported quarter, and each filing on the exchange website carries the full detail.

What are the main risks when you compare solar stocks?

Ans. Solar stocks depend on module prices, import competition, policy changes and the pace of new capacity. Orders can arrive unevenly, so quarterly numbers may swing. Read each filing for capacity, pricing and order commentary before you compare them. Keep an eye on order book, capacity use, module prices and operating margin.

Which metrics matter most when you compare solar stocks?

Ans. Order book, capacity use, module prices and operating margin matter most for operating performance. Price to earnings, return on equity and debt to equity show how the market values each company and how new plants are funded. Read each company's filing for these along with the numbers in this article.

Which is the best solar stock to buy among these five?

Ans. The best solar stock depends on whether you value scale, cell manufacturing or a smaller high-growth base, because the five names differ on all three. On the numbers in this article, Waaree Energies has the largest market capitalisation; Websol Energy has the lowest price to earnings, the highest return on equity and the highest dividend yield. The leaders change from row to row, so no stock stands out on everything, and this article is not advice. Shortlist from the tables, verify with the latest filings, and consult a SEBI-registered advisor, since time horizon and risk appetite matter most.