WAA Solar Key Ratios
BSE: 541445
₹44.55
₹0.00 (0.00%)As on 09-Oct-2026IST
Market cap
₹59 Cr
Revenue (TTM)
₹28 Cr
P/E Ratio
90.9
P/B Ratio
0.3
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -- | -- | 5.83 | -15.01 | -10.15 |
| EBIT | -- | -- | -30.11 | -30.41 | -7.43 |
| Net Profit | -- | -- | -13.99 | -14.74 | -17.39 |
| EPS | -- | -- | 5.16 | -1.33 | -8.91 |
| Book Value | -- | -- | 2.68 | 2.82 | 2.97 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | Mar-25 | Mar-24 | Mar-23 |
| EBIT-Margin
| 32.31 | 36.84 | 22.76 | 34.47 | 39.71 |
| Net Margin
| 15.32 | 13.63 | 12.66 | 16.60 | 16.71 |
| Return on equity
| 3.11 | 3.11 | 2.12 | 2.51 | 4.71 |
| Return on Capital
| 4.76 | 5.64 | 3.21 | 3.89 | 7.18 |
| Return on Assets
| 1.94 | 1.80 | 1.38 | 1.70 | 2.73 |
| Debt to Equity (x)
| -- | -- | 0.76 | 0.28 | 0.52 |
Profitability
ROCE
3.21
Lower than Peers by 6.08
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
3.21
|
3.89
|
7.18
|
6.86
|
7.04
|
|
Peer Median
|
9.29
|
8.17
|
4.14
|
0.74
|
--
|
ROE
2.12
Lower than Peers by 27.45
Profit after tax / Average Net worth * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
2.12
|
2.51
|
4.71
|
3.74
|
2.45
|
|
Peer Median
|
29.56
|
15.44
|
1.26
|
-2.74
|
--
|
ROA
1.38
Lower than Peers by 4.17
Profit after tax / Average Total assets * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
1.38
|
1.70
|
2.73
|
1.99
|
1.21
|
|
Peer Median
|
5.55
|
2.00
|
1.13
|
-1.46
|
--
|
EBIT Margin
22.76
Lower than Peers by 6.23
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
22.76
|
34.47
|
39.71
|
41.48
|
45.78
|
|
Peer Median
|
29.00
|
23.02
|
11.70
|
5.84
|
--
|
Net Margin
12.66
Lower than Peers by 4.24
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
12.66
|
16.60
|
16.71
|
13.39
|
8.80
|
|
Peer Median
|
16.90
|
15.70
|
5.24
|
0.14
|
--
|
Cash Profit Margin
27.71
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
27.71
|
50.66
|
49.47
|
48.76
|
46.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
5.83
Lower than Peers by 76.46
Year on year growth in net sales
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
5.83
|
-45.58
|
6.61
|
4.18
|
-8.46
|
|
Peer Median
|
82.29
|
139.52
|
51.73
|
54.71
|
--
|
EBIT Growth
-30.11
Lower than Peers by 181.72
Year on year growth in operating profit (EBIT)
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
-30.11
|
-52.76
|
2.06
|
-5.60
|
113.68
|
|
Peer Median
|
151.61
|
141.62
|
99.98
|
86.95
|
--
|
Net Profit Growth
-13.99
Lower than Peers by 115.21
Year on year growth in profit after tax
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
-13.99
|
-45.32
|
31.80
|
57.56
|
-60.60
|
|
Peer Median
|
101.22
|
167.54
|
61.12
|
119.63
|
--
|
EPS Growth
5.16
Lower than Peers by 6.29
Year on year growth in earnings per share
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
5.16
|
-32.63
|
35.59
|
79.17
|
-63.57
|
|
Peer Median
|
11.45
|
--
|
125.00
|
111.54
|
--
|
Book Value Growth
2.68
--
Year on year growth in book value per share
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
2.68
|
1.09
|
4.71
|
4.40
|
2.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.76
Lower than Peers by 0.36
Total debt / Net worth
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
0.76
|
0.28
|
0.52
|
0.67
|
0.82
|
|
Peer Median
|
1.12
|
2.09
|
0.67
|
0.81
|
--
|
Short term debt to equity ratio
0.05
--
(Short term borrowings / Net worth)
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
0.05
|
0.00
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
4.77
Higher than Peers by 3.50
Current Assets / Current Liabilities and Provisions
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
4.77
|
13.99
|
3.95
|
3.95
|
4.06
|
|
Peer Median
|
1.27
|
1.10
|
1.17
|
1.24
|
--
|
Quick Ratio
4.77
Higher than Peers by 2.77
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
4.77
|
13.59
|
3.91
|
3.85
|
4.02
|
|
Peer Median
|
2.00
|
1.21
|
2.42
|
0.70
|
--
|
Interest Coverage
1.77
Higher than Peers by 0.07
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
1.77
|
2.46
|
2.00
|
1.70
|
1.44
|
|
Peer Median
|
1.71
|
1.55
|
1.21
|
1.13
|
--
|
Operating Efficiency
Debtors to sales
59.02
Lower than Peers by 16.50
Debtors outstanding / Net Sales * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
59.02
|
56.26
|
24.75
|
28.82
|
24.48
|
|
Peer Median
|
75.51
|
64.85
|
71.51
|
72.74
|
--
|
Asset Turnover
0.10
Lower than Peers by 0.38
Sales / Average Total Assets
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
0.10
|
0.10
|
0.16
|
0.15
|
0.13
|
|
Peer Median
|
0.48
|
0.55
|
0.12
|
0.11
|
--
|
Receivable days
204.72
--
Average Debtors / Sales * 365
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
204.72
|
185.67
|
94.50
|
95.47
|
88.91
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
--
|
25.04
|
13.45
|
14.05
|
7.75
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
249.78
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
249.78
|
-287.71
|
--
|
-884.98
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
-45.07
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
-45.07
|
498.42
|
107.95
|
994.50
|
96.65
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
12.26
Lower than Peers by 57.70
Current share price divided by earning per share in the last twelve months
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
12.26
|
22.95
|
4.99
|
7.43
|
7.49
|
|
Peer Median
|
69.96
|
66.31
|
45.21
|
550.62
|
--
|
Price / Book Value
0.46
Lower than Peers by 3.62
Current share price divided by book value per share in the latest financial year
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
0.46
|
0.84
|
0.27
|
0.31
|
0.37
|
|
Peer Median
|
4.08
|
12.14
|
0.99
|
1.65
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
14.64
Lower than Peers by 16.59
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
14.64
|
9.75
|
3.40
|
4.24
|
4.80
|
|
Peer Median
|
31.23
|
26.54
|
-5.99
|
-4.44
|
--
|
Market Cap
86
Lower than Peers by 12,325
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
WAA Solar
|
86
|
152
|
49
|
54
|
61
|
|
Peer Median
|
12,411
|
10,148
|
58
|
101
|
--
|
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