Indian Renewable Peer Comparison

NSE: IREDA | BSE: 544026

₹105.07

₹-2.26 (-2.11%)

As on 08-Oct-2026 12:09IST

Market cap

₹29,820 Cr

Revenue (TTM)

₹8,612 Cr

P/E Ratio

15.2

P/B Ratio

2.1

Div. Yield

1.3 %

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	Indian Renewable	NTPC Green Energy	Adani Green Energy	ACME Solar Holdings	Waaree Renewable
Market cap (₹ Cr)	29,820	73,992	2,09,167	30,237	8,377
Revenue (₹ Cr)	8,612	3,285	13,559	2,370	3,652
Net Profit (₹ Cr)	1,965.65	574.78	1,788.00	602.41	511.22
Net Margin (%)	22.72	16.88	12.35	20.94	13.92
RoE (%)	14.72	3.22	10.34	11.98	63.82
Price to Earnings	15.17	121.91	117.25	50.11	16.49
Price-To-Book	2.11	3.85	10.35	3.78	7.96

Income Statement (₹ Cr)

	Indian Renewable	NTPC Green Energy	Adani Green Energy	ACME Solar Holdings	Waaree Renewable
Operating Income	8,310.41	2,858.42	12,928.00	2,023.38	3,331.42
Other Income	28.48	176.70	2,832.00	483.70	20.43
Total Income	8,338.89	3,035.12	15,760.00	2,507.08	3,351.85
Interest Expense	4,904.68	897.51	8,425.00	1,123.13	13.29
PBT & Exceptional Items	2,337.58	662.81	1,803.00	674.15	639.61
Operating Expenses	1,052.74	372.85	2,160.00	241.90	2,690.33
Exceptional Income/Expenses	--	--	-219.00	2.68	-4.02
Profit before Tax	2,337.58	682.66	2,001.00	676.82	639.61
Taxes	463.58	161.31	14.00	178.94	160.97
Profit after Tax	1,874.00	521.35	1,987.00	497.89	478.64
Minority Interest	--	224.04	9,914.00	-1.31	-0.52
Share of Associate	--	--	--	--	--
Consolidated Profit	1,874.00	522.60	1,652.00	498.92	478.70

	Indian Renewable	NTPC Green Energy	Adani Green Energy	ACME Solar Holdings	Waaree Renewable
Shareholder's Funds	13,785.42	18,965.19	19,290.00	5,061.48	934.35
Minority Interest	--	224.04	9,914.00	-1.31	-0.52
Non-Current Liabilities	61,312.08	34,985.23	93,634.00	19,865.01	111.10
Current Liabilities	20,447.87	6,207.33	20,150.00	3,220.16	1,328.87
Total Liabilities	96,021.68	60,381.79	1,42,988.00	28,145.34	2,373.79

	Indian Renewable	NTPC Green Energy	Adani Green Energy	ACME Solar Holdings	Waaree Renewable
Non-Current Assets	91,955.47	58,914.69	1,31,527.00	21,159.60	584.16
Current Assets	3,589.90	1,467.10	11,461.00	6,976.16	1,789.63
Total Assets	96,021.68	60,381.79	1,42,988.00	28,145.34	2,373.79
Contingent Liabilities	2,766.58	--	150.00	202.63	38.02

	Indian Renewable	NTPC Green Energy	Adani Green Energy	ACME Solar Holdings	Waaree Renewable
Cash From Operating Activities	-14,476.58	2,386.20	10,135.00	1,248.59	286.95
Cash Flow from Investing Activities	-280.86	-12,116.83	-26,227.00	-7,317.38	-264.48
Cash from Financing Activities	14,747.84	9,796.20	15,615.00	7,015.46	22.55
Net Cash Inflow / Outflow	-9.60	65.57	-477.00	946.67	45.02

	Indian Renewable	NTPC Green Energy	Adani Green Energy	ACME Solar Holdings	Waaree Renewable
ROCE (%)	8.69	3.73	9.90	9.23	87.12
ROE (%)	15.58	2.79	14.36	10.53	69.02
ROA (%)	2.15	0.99	1.57	2.15	27.40
EBIT Margin (%)	87.67	93.14	105.20	111.95	19.86
Net Margin (%)	22.47	17.18	12.61	19.86	14.28
Cash Profit Margin (%)	23.08	56.79	41.45	47.73	14.63

	Indian Renewable	NTPC Green Energy	Adani Green Energy	ACME Solar Holdings	Waaree Renewable
Revenue Growth (%)	23.24	29.36	15.31	44.00	108.51
EBIT Growth (%)	15.96	22.21	31.15	61.16	103.10
Net Profit Growth (%)	10.34	9.96	-0.70	98.50	109.08
EPS Growth (%)	5.57	9.91	10.03	97.80	108.69
Book Value Growth (%)	34.28	2.85	130.33	10.82	105.55

	Indian Renewable	NTPC Green Energy	Adani Green Energy	ACME Solar Holdings	Waaree Renewable
Price / Earnings	16.37	149.08	80.44	31.73	17.05
Price / Book Value	2.23	4.11	6.89	3.18	8.75
Dividend Yield (%)	1.24	0.00	0.00	0.08	0.00
EV/EBITDA	14.79	40.02	17.00	12.65	11.92
Market Cap (₹ Cr)	30,677.05	77,909.95	1,32,880.45	15,830.92	8,162.98

	Indian Renewable	NTPC Green Energy	Adani Green Energy	ACME Solar Holdings	Waaree Renewable
Debt to Equity	5.65	1.54	5.24	3.82	0.09
Short term debt to equity ratio	1.17	0.00	0.51	0.13	0.06
Current Ratio	0.18	0.24	0.57	2.17	1.35
Quick Ratio	0.18	0.23	0.56	2.16	1.26
Interest Coverage	1.48	1.76	1.24	1.60	49.13

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.