Nifty Smallcap 100 Plunges to 14,986 Low: Why Mid- and Small-Caps Are Crashing Harder Than the Market in March 2026

  The Indian stock market witnessed intense selling pressure on March 23, 2026, as mid- and small-cap indices tumbled over 4% amid a broader market crash driven by escalating geopolitical tensions in the Middle East. The Nifty Midcap 100 index has now declined around 13% year-to-date in 2026, reflecting sharp corrections in broader market segments that have outperformed in previous years but are now facing heightened volatility. Sharp Intraday Declines in Midcap and Smallcap Indices The Nifty Smallcap 100 index opened at 15,565.30 on Monday but quickly slipped to an intraday low of 14,986, erasing significant ground in early trade. By the afternoon session, the selling intensified, with the index down over 4% at points during the day. Market breadth was overwhelmingly negative—except for isolated performers like Trident (up around 2.85%), virtually every stock in the Nifty Smallcap 100 traded in the red, signaling widespread panic across smaller companies. Similarly, the Nifty M...
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Waaree Energies Q3FY25 Results: Net Profit Soars 296% YoY to ₹493 Cr, Revenue Jumps 117% – Strong Growth in Solar Sector

 


Waaree Energies has delivered a stellar performance in the third quarter of FY25, reporting a massive 296% year-on-year (YoY) jump in its consolidated net profit at ₹493 crore, compared to ₹124 crore in the same quarter last year. The company's revenue from operations surged 117% YoY to ₹3,457 crore, up from ₹1,596 crore in Q3FY24, showcasing robust growth momentum in the renewable energy sector.

Sequential Performance & Growth Outlook

On a quarter-on-quarter (QoQ) basis, Waaree Energies' profit after tax (PAT) grew by 36%, rising from ₹362 crore in Q2FY25. However, the company witnessed a marginal revenue decline of 3.2% from ₹3,574 crore recorded in the previous quarter. The slight dip in revenue could be attributed to seasonality or temporary market factors, but the strong profitability growth highlights efficient cost management and improved operational efficiencies.

Market Position & Valuation Metrics

Waaree Energies, a leader in the solar energy sector, currently holds a market capitalization of ₹63,086 crore. The stock is trading at ₹2,197 per share, with a 52-week high of ₹3,743 and a low of ₹2,026. The stock's price-to-earnings (P/E) ratio stands at 63.8, reflecting strong investor confidence in its growth potential.

The company maintains a return on capital employed (ROCE) of 43.6% and a return on equity (ROE) of 33.4%, indicating efficient capital utilization and profitability. Its book value per share is ₹169, and it has a face value of ₹10.00 per share. However, the firm does not currently offer any dividend yield, suggesting that it is focused on reinvesting profits for future expansion.

Key Growth Drivers & Future Outlook

The remarkable growth in Waaree Energies’ financial performance can be attributed to the rising demand for solar energy solutions, government incentives for renewable energy adoption, and the company’s expanding manufacturing capabilities. With India aggressively pushing towards clean energy, Waaree is well-positioned to benefit from increasing solar module installations and favorable policy tailwinds.

Going forward, investors and analysts will closely watch the company's order book strength, expansion plans, and global market penetration strategies. Despite a high P/E ratio, Waaree's strong earnings growth and industry leadership make it an attractive stock for long-term investors betting on India’s renewable energy revolution.

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