3 Solar stocks With 3-year Sales CAGR Up to 295% in Q4 To Keep On Your Radar

Synopsis: Solar sector companies like Websol Energy System Ltd, Emmvee Photovoltaic Power Ltd and others have reported strong Q4 growth, with robust sales momentum and high 3-year CAGR driven by rising solar demand.

Rising global focus on clean energy and decarbonisation has significantly boosted demand for solar power in recent years. Supportive government policies, falling installation costs, and increasing awareness of sustainability are driving rapid adoption across both utility-scale and rooftop segments.

In India, strong policy push, production-linked incentives, and expanding capacity additions are accelerating the solar ecosystem. This growing demand is translating into robust order books, higher revenues, and improved profitability for companies operating across the solar value chain.  

Websol Energy System Ltd

Websol Energy System Ltd is an Indian solar company engaged in the manufacturing of photovoltaic (PV) cells and modules. It is one of the older players in the domestic solar space and focuses on supplying solar products for both domestic and export markets. The company has been expanding capacity to benefit from the rising demand for solar energy, driven by India’s clean energy push.

With a market capitalisation of Rs. 4,676 cr, the shares of Websol Energy System Ltd closed at Rs. 110.80 per share, down from its previous close of Rs. 116.20 per share. The company shows accelerating growth, with sales compounding at 14% over 10 years, rising to 47% over 5 years and surging to 295% in the last 3 years, indicating strong recent momentum. 

Sales of the company rose from Rs. 261 cr in Q3FY26 to Rs. 401 cr in Q4FY26. Operating profit increased to Rs. 146 cr from Rs. 106 cr. Net profit also rose from Rs. 65 cr to Rs. 124 cr over the same period.

Waaree Renewable Technologies Ltd

Waaree Renewable Technologies Ltd is part of the Waaree Group and operates as an engineering, procurement, and construction (EPC) player in the renewable energy sector, primarily focused on solar projects. The company undertakes turnkey solar solutions, including project development and execution, and has been growing alongside India’s increasing solar installations.

With a market capitalisation of Rs. 10,631 cr, the shares of Waaree Renewable Technologies Ltd closed at Rs. 1018.90 per share, down from its previous close of Rs. 1,041.35 per share. The company has demonstrated exceptional growth, with sales compounding at 203% over the past 5 years and 112% over the last 3 years, reflecting very strong and sustained expansion.

Sales of the company rose from Rs. 851 cr in Q3FY26 to Rs. 1,102 cr in Q4FY26. Operating profit increased to Rs. 207 cr from Rs. 159 cr. Net profit also rose from Rs. 120 cr to Rs. 156 cr over the same period.

Emmvee Photovoltaic Power Ltd

Emmvee Photovoltaic Power Ltd is a Bengaluru-based solar company involved in manufacturing solar cells, modules, and providing EPC solutions. It is an integrated player in the solar value chain and produces advanced technologies such as TOPCon modules, catering to both domestic and international markets while benefiting from strong solar adoption trends.

With a market capitalisation of Rs. 18,163 cr, the shares of Emmvee Photovoltaic Power Ltd closed at Rs. 262.35 per share, down from its previous close of Rs. 290.90 per share. The company has delivered strong growth, with sales compounding at 64% over the past 5 years and 101% over the last 3 years.

Sales of the company rose from Rs. 1,152 cr in Q3FY26 to Rs. 1,739 cr in Q4FY26. Operating profit increased to Rs. 571 cr from Rs. 413 cr. Net profit also rose from Rs. 264 cr to Rs. 392 cr over the same period.

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