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Waaree Energies Key Ratios

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NSE: WAAREEENER | BSE: 544277

₹2,408.00

up-down-arrow ₹90.00 (3.88%)

As on 04-Nov-2026IST

Market cap

info icon

₹68,550 Cr

Revenue (TTM)

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₹31,495 Cr

P/E Ratio

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18.6

P/B Ratio

info icon

4.3

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 -5.22 23.94 75.43 57.82 68.51
EBIT -10.99 -15.32 48.79 94.53 138.72
Net Profit -15.47 -14.70 44.53 98.01 143.25
EPS -15.47 -14.70 36.67 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 15.3411.6515.9918.5416.06
Net Margin info 13.599.6412.0514.2612.99
Return on equity info 32.8934.0525.6532.6728.65
Return on Capital info 38.8537.25--37.9334.71
Return on Assets info 14.5711.3812.4215.7312.57
Debt to Equity (x) info ----0.130.210.13

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
--
33.95
4.27
8.69
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROE

25.65

Higher than Peers by 4.90

Profit after tax / Average Net worth * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
25.65
32.67
28.65
43.62
44.88
Peer Median
20.75
30.52
4.46
6.93
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROA

12.42

Lower than Peers by 2.08

Profit after tax / Average Total assets * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
12.42
15.73
12.57
13.68
10.40
Peer Median
14.50
13.92
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

15.99

Lower than Peers by 0.52

Operating profit (EBIT) / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
15.99
18.54
16.06
11.39
9.90
Peer Median
16.51
19.19
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

12.05

Lower than Peers by 1.54

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

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
12.05
14.26
12.99
10.96
7.29
Peer Median
13.59
10.56
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

75.43

Higher than Peers by 15.62

Year on year growth in net sales

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
75.43
83.72
26.73
68.83
136.52
Peer Median
59.81
67.83
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

48.79

Lower than Peers by 47.64

Year on year growth in operating profit (EBIT)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
48.79
112.10
78.73
94.20
887.38
Peer Median
96.43
66.41
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

44.53

Lower than Peers by 48.08

Year on year growth in profit after tax

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
44.53
101.45
51.30
154.73
528.09
Peer Median
92.62
60.24
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

36.67

Lower than Peers by 51.85

Year on year growth in earnings per share

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
36.67
98.49
38.16
137.18
417.00
Peer Median
88.52
35.17
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

0.13

Higher than Peers by 0.07

Total debt / Net worth

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
0.13
0.21
0.13
0.21
0.48
Peer Median
0.06
0.51
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

1.22

Lower than Peers by 0.50

Current Assets / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
1.22
1.38
1.49
1.48
1.11
Peer Median
1.72
1.77
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

0.83

Lower than Peers by 0.43

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
0.83
0.92
1.18
1.00
0.56
Peer Median
1.26
1.40
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

17.15

Higher than Peers by 6.06

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
17.15
19.01
17.86
13.40
9.23
Peer Median
11.09
8.36
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

7.80

Lower than Peers by 1.07

Debtors outstanding / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
7.80
9.39
7.29
8.52
4.63
Peer Median
8.87
13.49
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

1.01

Lower than Peers by 0.06

Sales / Average Total Assets

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
1.01
1.07
0.94
1.22
1.40
Peer Median
1.06
1.75
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

18.56

Higher than Peers by 0.51

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
18.56
24.08
37.01
--
--
Peer Median
18.06
16.00
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

4.28

Higher than Peers by 0.12

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
4.28
6.22
7.34
--
--
Peer Median
4.16
3.88
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

0.17

--

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
0.17
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

9.63

--

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
9.63
12.94
20.04
-1.47
-0.67
Peer Median
--
11.94
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

68,550

Higher than Peers by 65,469

Current Share price multiplied by latest total number of shares outstanding

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Waaree Energies
68,550
89,378
69,114
--
--
Peer Median
3,082
4,630
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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