WAA Solar Key Ratios

Stock Card

BSE: 541445

₹46.01

₹0.30 (0.66%)

As on 28-Aug-2026IST

Market cap

₹61 Cr

Revenue (TTM)

₹28 Cr

P/E Ratio

93.9

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

View Detailed Peer Comparison

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	3.21	3.89	7.18	6.86	7.04	8.88
Peer Median	9.29	8.17	4.14	0.74	1.71	4.88

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	2.12	2.51	4.71	3.74	2.45	6.54
Peer Median	29.56	15.44	1.26	-2.74	-6.21	1.09

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	1.38	1.70	2.73	1.99	1.21	2.53
Peer Median	5.55	2.00	1.13	-1.46	-0.38	0.58

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	22.76	34.47	39.71	41.48	45.78	19.61
Peer Median	29.00	23.02	11.70	5.84	-17.24	3.54

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	12.66	16.60	16.71	13.39	8.80	14.58
Peer Median	16.90	15.70	5.24	0.14	-2.25	2.31

Cash Profit Margin

27.71

(Net profit + Depreciation) / Gross Sales * 100

Company Name	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	27.71	50.66	49.47	48.76	46.17	61.58
Peer Median	--	--	--	--	--	--

Growth

View Detailed Peer Comparison

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	5.83	-45.58	6.61	4.18	-8.46	-39.62
Peer Median	82.29	139.52	51.73	54.71	-16.67	42.05

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	-30.11	-52.76	2.06	-5.60	113.68	-65.60
Peer Median	151.61	141.62	99.98	86.95	51.73	437.69

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	-13.99	-45.32	31.80	57.56	-60.60	177.10
Peer Median	101.22	167.54	61.12	119.63	84.48	238.58

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	5.16	-32.63	35.59	79.17	-63.57	165.81
Peer Median	11.45	--	125.00	111.54	117.41	207.14

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	2.68	1.09	4.71	4.40	2.03	8.52
Peer Median

Solvency

View Detailed Peer Comparison

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	0.76	0.28	0.52	0.67	0.82	0.92
Peer Median	1.12	2.09	0.67	0.81	0.92	0.92

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	4.77	13.99	3.95	3.95	4.06	4.68
Peer Median	1.27	1.10	1.17	1.24	1.82	1.72

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	4.77	13.59	3.91	3.85	4.02	4.64
Peer Median	2.00	1.21	2.42	0.70	1.31	1.77

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	1.77	2.46	2.00	1.70	1.44	1.68
Peer Median	1.71	1.55	1.21	1.13	1.01	1.16

Operating Efficiency

View Detailed Peer Comparison

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	59.02	56.26	24.75	28.82	24.48	22.19
Peer Median	75.51	64.85	71.51	72.74	52.22	37.69

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	0.10	0.10	0.16	0.15	0.13	0.12
Peer Median	0.48	0.55	0.12	0.11	0.10	0.24

Receivable days

204.72

Average Debtors / Sales * 365

Company Name	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	204.72	185.67	94.50	95.47	88.91	52.46
Peer Median

Inventory Days

Average Inventory / Sales * 365

Company Name	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	--	25.04	13.45	14.05	7.75	6.83
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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	249.78	-287.71	--	-884.98	--	48.40
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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	-45.07	498.42	107.95	994.50	96.65	10.89
Peer Median

Valuation

View Detailed Peer Comparison

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	12.26	22.95	4.99	7.43	7.49	0.50
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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	0.46	0.84	0.27	0.31	0.37	0.07
Peer Median	4.08	12.14	0.99	1.65	0.29	0.31

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	14.64	9.75	3.40	4.24	4.80	2.46
Peer Median	31.23	26.54	-5.99	-4.44	-2.51	11.33

Market Cap

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	Mar-20	Mar-19	Mar-18	Mar-17	Mar-16	Mar-15
WAA Solar	86	152	49	54	61	11
Peer Median	12,411	10,148	58	101	30	26