Waaree Energies Peer Comparison
NSE: WAAREEENER | BSE: 544277
₹2,401.00
As on 07-Oct-2026IST
Market cap
₹68,936 Cr
Revenue (TTM)
₹30,043 Cr
P/E Ratio
18.1
P/B Ratio
4.5
Div. Yield
0.2 %
| Waaree Energies | Emmvee Photovoltaic Power | Fujiyama Power Systems | Vikram Solar | Saatvik Green Energy | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
68,936 | 21,162 | 13,263 | 5,399 | 5,140 |
Revenue (₹ Cr) |
30,043 | 5,578 | 3,403 | 5,232 | 4,144 |
Net Profit (₹ Cr) |
4,003.13 | 1,274.17 | 294.33 | 356.83 | 247.74 |
Net Margin (%) |
13.02 | 22.62 | 8.63 | 6.73 | 5.92 |
RoE (%) |
31.09 | 54.78 | 44.55 | 11.79 | 19.60 |
Price to Earnings |
18.06 | 16.61 | 45.06 | 15.13 | 20.72 |
Price-To-Book |
4.52 | 5.19 | 9.97 | 1.70 | 3.78 |
Income Statement (₹ Cr)
| Waaree Energies | Emmvee Photovoltaic Power | Fujiyama Power Systems | Vikram Solar | Saatvik Green Energy | |
|---|---|---|---|---|---|
|
Operating Revenue
|
30,042.73 | 5,577.57 | 3,402.85 | 5,231.77 | 4,143.72 |
|
Total Income
|
30,750.35 | 5,633.16 | 3,410.28 | 5,298.72 | 4,187.99 |
|
Total Expenditure
|
23,691.50 | 3,645.59 | 2,763.63 | 4,431.33 | 3,740.57 |
|
EBITDA
|
6,351.23 | 1,931.98 | 639.22 | 800.44 | 403.15 |
|
Depreciation
|
1,137.64 | 307.94 | 62.20 | 192.52 | 65.11 |
|
EBIT
|
5,213.59 | 1,624.05 | 577.02 | 607.92 | 338.04 |
|
Interest
|
307.62 | 112.63 | 45.11 | 177.70 | 73.99 |
|
Other Income
|
707.62 | 55.59 | 7.43 | 66.95 | 44.27 |
|
Exceptional Items
|
-294.78 | 0.00 | -143.58 | -5.62 | -3.95 |
|
Profit before Tax
|
5,318.81 | 1,567.01 | 395.76 | 491.56 | 304.38 |
|
Provision for Tax
|
1,315.68 | 292.84 | 101.42 | 134.72 | 56.64 |
|
Profit after Tax
|
4,003.13 | 1,274.17 | 294.33 | 356.83 | 247.74 |
Liabilities (₹ Cr)
| Waaree Energies | Emmvee Photovoltaic Power | Fujiyama Power Systems | Vikram Solar | Saatvik Green Energy | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
14,437.34 | 3,694.94 | 1,273.36 | 3,167.76 | 1,361.07 |
|
Minority Interest
|
-186.80 | 0.00 | 0.00 | 0.00 | 0.34 |
|
Non-Current Liabilities
|
2,396.78 | 592.88 | 251.07 | 583.17 | 303.15 |
|
Current Liabilities
|
12,707.70 | 1,484.68 | 819.13 | 1,977.55 | 1,450.61 |
|
Total Liabilities
|
29,985.05 | -- | 2,343.56 | 5,727.72 | -- |
Assets (₹ Cr)
| Waaree Energies | Emmvee Photovoltaic Power | Fujiyama Power Systems | Vikram Solar | Saatvik Green Energy | |
|---|---|---|---|---|---|
|
Non-Current Assets
|
10,035.34 | 2,494.60 | 795.33 | 978.03 | 708.76 |
|
Current Assets
|
17,577.00 | 3,059.68 | 1,409.40 | 3,727.13 | 2,073.56 |
|
Total Assets
|
29,985.05 | -- | 2,343.56 | 5,727.72 | -- |
|
Total Debt*
|
2,970.80 | -- | 461.49 | 100.07 | -- |
|
Net Current Assets
|
4,869.30 | 1,575.01 | 590.28 | 1,749.59 | 622.95 |
|
Contingent Liabilities
|
619.37 | -- | 9.78 | 61.58 | -- |
Cashflow (₹ Cr)
| Waaree Energies | Emmvee Photovoltaic Power | Fujiyama Power Systems | Vikram Solar | Saatvik Green Energy | |
|---|---|---|---|---|---|
|
Cash From Operating Activities
|
1,626.95 | -- | -2.89 | 629.55 | -- |
|
Cash Flow from Investing Activities
|
-3,953.18 | -- | -519.70 | -1,748.03 | -- |
|
Cash from Financing Activities
|
2,573.11 | -- | 653.82 | 1,114.83 | -- |
|
Net Cash Inflow / Outflow
|
246.88 | -- | 131.23 | -3.65 | -- |
Ratios
Profitability Ratios
| Waaree Energies | Emmvee Photovoltaic Power | Fujiyama Power Systems | Vikram Solar | Saatvik Green Energy | |
|---|---|---|---|---|---|
|
ROCE (%)
|
37.93 | -- | 36.46 | 34.07 | -- |
|
ROE (%)
|
31.09 | 54.78 | 44.55 | 11.79 | 19.60 |
|
ROA (%)
|
16.06 | 44.15 | 25.12 | 12.46 | 15.91 |
|
EBIT Margin (%)
|
17.35 | 29.12 | 16.96 | 11.62 | 8.16 |
|
Net Margin (%)
|
13.02 | 22.62 | 8.63 | 6.73 | 5.92 |
|
Cash Profit Margin (%)
|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Growth Ratios
| Waaree Energies | Emmvee Photovoltaic Power | Fujiyama Power Systems | Vikram Solar | Saatvik Green Energy | |
|---|---|---|---|---|---|
|
Revenue Growth (%)
|
94.31 | 84.07 | 94.97 | 33.26 | 46.52 |
|
EBIT Growth (%)
|
96.17 | 105.04 | 116.73 | 29.20 | -20.96 |
|
Net Profit Growth (%)
|
74.06 | 140.81 | 62.88 | 42.53 | -20.80 |
|
EPS Growth (%)
|
81.17 | 124.80 | 144.62 | 25.94 | -30.63 |
|
Book Value Growth (%)
|
52.49 | -- | 221.59 | 154.88 | -- |
Valuation Ratios
| Waaree Energies | Emmvee Photovoltaic Power | Fujiyama Power Systems | Vikram Solar | Saatvik Green Energy | |
|---|---|---|---|---|---|
|
Price / Earnings
|
17.11 | 16.11 | 32.55 | 14.96 | 20.45 |
|
Price / Book Value
|
4.52 | 5.19 | 9.97 | 1.70 | 3.78 |
|
Dividend Yield (%)
|
0.17 | 0.33 | 0.00 | 0.00 | 0.00 |
|
EV/EBITDA
|
10.16 | 10.85 | 21.22 | 5.30 | 14.73 |
|
Market Cap (₹ Cr)
|
89,378.50 | -- | 6,013.52 | 6,449.42 | -- |
Solvency Ratios
| Waaree Energies | Emmvee Photovoltaic Power | Fujiyama Power Systems | Vikram Solar | Saatvik Green Energy | |
|---|---|---|---|---|---|
|
Debt to Equity
|
0.06 | 0.01 | 0.11 | 0.00 | 0.15 |
|
Short term debt to equity ratio
|
0.14 | -- | 0.22 | 0.03 | -- |
|
Current Ratio
|
1.38 | 2.06 | 1.72 | 1.88 | 1.43 |
|
Quick Ratio
|
0.92 | 0.91 | 0.61 | 1.47 | 0.95 |
|
Interest Coverage
|
18.29 | 14.91 | 9.77 | 3.77 | 5.11 |
Operating Efficiency Ratios
| Waaree Energies | Emmvee Photovoltaic Power | Fujiyama Power Systems | Vikram Solar | Saatvik Green Energy | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
8.30 | 12.46 | 4.12 | 23.21 | 16.86 |
|
Asset Turnover
|
1.21 | 1.93 | 2.90 | 1.83 | 2.66 |
|
Receivable days
|
24.38 | -- | 14.67 | 92.84 | -- |
|
Inventory Days
|
58.79 | -- | 88.86 | 47.57 | -- |
|
Payable days
|
57.12 | -- | 47.63 | 17.73 | -- |
|
Cash Conversion Cycle
|
26.05 | -- | 55.90 | 122.68 | -- |