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Waaree Energies Key Ratios

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NSE: WAAREEENER | BSE: 544277

₹2,635.00

up-down-arrow ₹55.10 (2.14%)

As on 04-Sep-2026 15:59IST

Market cap

info icon

₹75,825 Cr

Revenue (TTM)

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₹30,043 Cr

P/E Ratio

info icon

19.9

P/B Ratio

info icon

5

Div. Yield

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0.2 %

Key Ratios and Highlights

Growth Score (%) Quarterly Annual (TTM)
Particulars QoQ YoY 1-Year 3-Years 5-Years
Revenue -6.47 79.22 94.31 57.82 68.51
EBIT -13.02 36.15 96.17 94.53 138.72
Net Profit -19.87 14.09 81.40 98.01 143.25
EPS -19.87 13.95 69.30 86.67 122.55
Book Value -- -- 52.29 88.93 94.61
Key Ratios (%) Average Annual (TTM)
Particulars3-Years5-YearsTTMMar-26Mar-25
EBIT-Margin info 15.3411.6517.3518.5416.06
Net Margin info 13.599.6413.0214.2612.99
Return on equity info 32.8934.0531.0932.6728.65
Return on Capital info 38.8537.25--37.9334.71
Return on Assets info 14.5711.3816.0615.7312.57
Debt to Equity (x) info ----0.060.210.13

Profitability

View Detailed Peer Comparison

ROCE

--

--

Earning before interest and taxes / (Average net worth + Average total Debt) * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
--
37.93
34.71
49.05
43.44
Peer Median
--
34.98
4.27
8.69
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROE

31.09

Higher than Peers by 10.34

Profit after tax / Average Net worth * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
31.09
32.67
28.65
43.62
44.88
Peer Median
20.75
35.18
4.46
6.93
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROA

16.06

Higher than Peers by 0.77

Profit after tax / Average Total assets * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
16.06
15.73
12.57
13.68
10.40
Peer Median
15.29
15.73
2.23
2.81
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Margin

17.35

Higher than Peers by 0.84

Operating profit (EBIT) / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
17.35
18.54
16.06
11.39
9.90
Peer Median
16.51
17.35
34.67
38.48
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Margin

13.02

Lower than Peers by 1.24

Net profit / Total Income (Net sales plus other income) * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
13.02
14.26
12.99
10.96
7.29
Peer Median
14.26
9.76
9.22
5.86
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Profit Margin

--

--

(Net profit + Depreciation) / Gross Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
--
18.37
16.13
13.61
9.84
Peer Median
--
--
0.00
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Growth

View Detailed Peer Comparison

Revenue Growth

94.31

Higher than Peers by 38.40

Year on year growth in net sales

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
94.31
83.72
26.73
68.83
136.52
Peer Median
55.90
76.28
1,122.20
4.90
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Growth

96.17

Lower than Peers by 9.04

Year on year growth in operating profit (EBIT)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
96.17
112.10
78.73
94.20
887.38
Peer Median
105.21
96.17
321.84
1,118.72
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Profit Growth

81.40

Lower than Peers by 14.47

Year on year growth in profit after tax

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
81.40
101.45
51.30
154.73
528.09
Peer Median
95.87
62.88
200.45
97.52
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EPS Growth

69.30

Lower than Peers by 36.34

Year on year growth in earnings per share

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
69.30
98.49
38.16
137.18
417.00
Peer Median
105.64
25.94
264.89
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Book Value Growth

--

--

Year on year growth in book value per share

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
--
52.49
133.05
124.30
321.31
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Solvency

View Detailed Peer Comparison

Debt to Equity

0.06

No difference

Total debt / Net worth

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
0.06
0.21
0.13
0.21
0.48
Peer Median
0.06
0.56
0.58
1.21
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Short term debt to equity ratio

--

--

(Short term borrowings / Net worth)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
--
0.14
0.13
0.18
0.35
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Current Ratio

1.38

Lower than Peers by 0.39

Current Assets / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
1.38
1.38
1.49
1.48
1.11
Peer Median
1.77
1.38
1.60
1.65
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Quick Ratio

0.92

Lower than Peers by 0.42

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
0.92
0.92
1.18
1.00
0.56
Peer Median
1.35
0.95
7.01
11.62
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Interest Coverage

18.29

Higher than Peers by 8.43

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
18.29
19.01
17.86
13.40
9.23
Peer Median
9.86
7.22
1.27
2.62
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Operating Efficiency

View Detailed Peer Comparison

Debtors to sales

8.30

Lower than Peers by 0.57

Debtors outstanding / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
8.30
9.39
7.29
8.52
4.63
Peer Median
8.87
12.46
24.64
48.22
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Asset Turnover

1.21

Higher than Peers by 0.09

Sales / Average Total Assets

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
1.21
1.07
0.94
1.22
1.40
Peer Median
1.12
1.83
0.99
0.30
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Receivable days

--

--

Average Debtors / Sales * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
--
24.38
25.58
20.56
10.95
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Inventory Days

--

--

Average Inventory / Sales * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
--
58.79
66.68
84.77
87.78
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Payable days

--

--

Average Creditors / Cost of goods sold * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
--
57.12
63.49
60.56
69.67
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Conversion Cycle

--

--

Receivable Days + Inventory Days - Payable Days

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
--
26.05
28.77
44.77
29.06
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Valuation

View Detailed Peer Comparison

Price / Earnings

19.87

Lower than Peers by 1.78

Current share price divided by earning per share in the last twelve months

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
19.87
24.08
37.01
--
--
Peer Median
21.65
19.87
41.83
81.94
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Price / Book Value

4.97

Higher than Peers by 0.02

Current share price divided by book value per share in the latest financial year

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
4.97
6.22
7.34
--
--
Peer Median
4.95
4.57
5.60
4.27
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Dividend Yield

0.15

--

Dividend per share in the past twelve months divided by current share price

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
0.15
0.13
--
--
--
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EV/EBITDA

10.21

--

Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
10.21
12.94
20.04
-1.47
-0.67
Peer Median
--
19.97
68.21
34.54
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Market Cap

75,825

Higher than Peers by 72,584

Current Share price multiplied by latest total number of shares outstanding

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
75,825
89,378
69,114
--
--
Peer Median
3,241
5,371
2,139
1,938
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
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