WAA Solar Peer Comparison

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 %

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	WAA Solar	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Market cap (₹ Cr)	61	27,798	14,665	9,174	6,214
Revenue (₹ Cr)	28	2,370	1,913	3,652	2,787
Net Profit (₹ Cr)	3.91	602.41	85.58	511.22	492.55
Net Margin (%)	12.66	20.94	4.12	13.92	17.36
RoE (%)	2.12	11.98	2.43	63.82	16.05
Price to Earnings	93.91	46.07	155.79	18.05	13.57
Price-To-Book	0.33	3.43	3.18	8.71	2.06

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	WAA Solar	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Operating Revenue	28.25	1,405.13	1,495.70	1,597.75	1,735.45
Total Income	30.85	1,575.24	1,611.77	1,612.55	1,755.16
Total Expenditure	17.89	169.67	594.52	1,286.85	1,171.68
EBITDA	10.35	1,235.46	901.19	310.90	563.77
Depreciation	3.92	287.31	299.99	6.37	60.51
EBIT	6.43	948.15	601.20	304.53	503.26
Interest	5.09	759.24	665.07	14.84	79.45
Other Income	2.60	170.11	116.07	14.80	19.70
Exceptional Items	--	-20.98	--	-4.02	-2.60
Profit before Tax	3.94	338.04	59.75	300.48	440.91
Provision for Tax	0.04	87.22	40.32	71.55	115.63
Profit after Tax	3.91	250.82	19.43	228.92	325.28

Liabilities (₹ Cr)

	WAA Solar	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Shareholder's Funds	187.04	4,510.58	2,563.48	455.42	2,423.37
Minority Interest	-1.13	-1.29	641.29	-0.46	206.42
Non-Current Liabilities	122.99	12,311.47	7,369.37	52.23	1,366.50
Current Liabilities	24.38	1,319.53	2,450.57	612.94	795.73
Total Liabilities	333.28	18,140.29	13,024.72	1,120.12	4,792.03

Assets (₹ Cr)

	WAA Solar	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Non-Current Assets	216.88	14,358.54	11,155.55	308.62	2,598.37
Current Assets	116.40	3,772.11	1,869.17	811.51	2,193.66
Total Assets	333.28	18,140.29	13,024.72	1,120.12	4,792.03
Total Debt*	142.25	10,422.70	7,973.70	27.37	1,125.48
Net Current Assets	92.02	2,452.58	-581.40	198.57	1,397.93
Contingent Liabilities	37.00	549.26	871.87	3.70	0.88

Cashflow (₹ Cr)

	WAA Solar	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Cash From Operating Activities	-4.55	1,543.02	1,404.20	302.70	207.73
Cash Flow from Investing Activities	-62.95	-3,976.13	-3,617.05	-236.93	-1,586.90
Cash from Financing Activities	86.34	3,408.23	2,481.24	-48.57	1,806.63
Net Cash Inflow / Outflow	18.84	975.11	268.39	17.20	427.46

Ratios

Profitability Ratios

	WAA Solar	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
ROCE (%)	3.21	8.53	8.11	81.92	19.95
ROE (%)	2.12	7.80	0.91	65.52	20.10
ROA (%)	1.38	1.60	0.18	24.96	9.00
EBIT Margin (%)	45.87	100.03	68.01	20.39	33.62
Net Margin (%)	12.66	15.92	1.21	14.20	18.53
Cash Profit Margin (%)	27.71	38.30	21.36	14.73	22.23

Growth Ratios

	WAA Solar	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Revenue Growth (%)	5.83	6.51	7.62	82.29	69.49
EBIT Growth (%)	-31.24	13.70	37.11	54.12	69.73
Net Profit Growth (%)	-13.99	-64.05	149.88	57.64	101.21
EPS Growth (%)	5.16	-93.76	177.93	57.56	81.58
Book Value Growth (%)	2.68	131.16	38.40	85.35	187.35

Valuation Ratios

	WAA Solar	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Price / Earnings	12.26	46.08	0.00	41.29	25.19
Price / Book Value	0.46	2.59	0.00	20.85	3.35
Dividend Yield (%)	0.00	0.10	--	0.11	0.20
EV/EBITDA	14.64	13.61	6.67	28.54	14.70
Market Cap (₹ Cr)	85.52	11,617.76	0.00	9,461.86	8,050.94

Solvency Ratios

	WAA Solar	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Debt to Equity	0.76	2.32	3.22	0.06	0.47
Short term debt to equity ratio	0.05	0.04	0.04	--	0.10
Current Ratio	4.77	2.86	0.76	1.32	2.76
Quick Ratio	4.77	2.86	0.74	1.31	2.17
Interest Coverage	1.77	1.45	1.09	21.25	6.55

Operating Efficiency Ratios

	WAA Solar	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Waaree Renewable	KPI Green Energy
Debtors to sales (%)	59.02	27.10	12.57	31.15	33.31
Asset Turnover	0.10	0.09	0.14	1.74	0.48
Receivable days	204.72	104.13	53.67	99.41	105.71
Inventory Days	0.00	1.02	11.23	4.07	84.13
Payable days	249.78	--	--	78.86	167.00
Cash Conversion Cycle	-45.07	--	--	24.62	22.84