Waaree Energies Peer Comparison

NSE: WAAREEENER | BSE: 544277

₹2,408.00

₹90.00 (3.88%)

As on 04-Nov-2026IST

Market cap

₹69,097 Cr

Revenue (TTM)

₹31,495 Cr

P/E Ratio

18.7

P/B Ratio

4.3

Div. Yield

0.2 %

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	Waaree Energies	Emmvee Photovoltaic Power	TruAlt Bioenergy	Surana Telecom	Surana Solar
Market cap (₹ Cr)	69,097	17,052	3,160	206	105
Revenue (₹ Cr)	31,495	6,023	2,747	53	44
Net Profit (₹ Cr)	3,878.56	1,418.35	224.40	27.84	6.61
Net Margin (%)	12.05	23.39	7.95	27.77	12.87
RoE (%)	25.65	35.09	14.08	16.59	10.91
Price to Earnings	18.71	12.02	14.29	6.37	15.93
Price-To-Book	4.31	3.88	1.95	0.99	1.65

Income Statement (₹ Cr)

	Waaree Energies	Emmvee Photovoltaic Power	TruAlt Bioenergy	Surana Telecom	Surana Solar
Operating Revenue	31,494.83	779.28	2,746.74	53.02	43.55
Total Income	32,188.62	962.06	2,822.91	100.26	51.33
Total Expenditure	25,214.80	817.05	2,260.05	56.21	41.09
EBITDA	6,280.03	-37.77	486.69	-3.19	2.46
Depreciation	1,245.14	21.55	93.80	5.33	2.24
EBIT	5,034.89	-59.32	392.89	-8.52	0.22
Interest	316.80	2.67	170.14	5.23	0.14
Other Income	693.79	182.78	76.17	47.24	7.78
Exceptional Items	-294.78	0.00	0.00	0.00	0.00
Profit before Tax	5,117.10	120.78	298.92	33.50	7.87
Provision for Tax	1,238.54	33.47	74.52	5.66	1.26
Profit after Tax	3,878.56	87.31	224.40	27.84	6.61

	Waaree Energies	Emmvee Photovoltaic Power	TruAlt Bioenergy	Surana Telecom	Surana Solar
Shareholder's Funds	16,019.67	2,653.24	1,619.09	207.76	63.66
Minority Interest	-186.10	0.00	-3.35	2.09	0.00
Non-Current Liabilities	4,720.89	4.63	1,082.60	64.57	0.13
Current Liabilities	15,808.94	244.41	850.36	22.21	10.18
Total Liabilities	29,985.05	--	--	271.00	67.36

	Waaree Energies	Emmvee Photovoltaic Power	TruAlt Bioenergy	Surana Telecom	Surana Solar
Non-Current Assets	16,201.34	2,561.14	2,185.63	263.12	49.72
Current Assets	19,351.68	318.77	1,194.70	42.48	24.02
Total Assets	29,985.05	--	--	271.00	67.36
Total Debt*	2,970.80	--	--	66.51	0.00
Net Current Assets	3,542.74	74.35	344.33	20.27	13.84
Contingent Liabilities	619.37	--	--	0.51	0.50

	Waaree Energies	Emmvee Photovoltaic Power	TruAlt Bioenergy	Surana Telecom	Surana Solar
Cash From Operating Activities	1,626.95	--	--	-28.87	5.31
Cash Flow from Investing Activities	-3,953.18	--	--	-31.79	-7.97
Cash from Financing Activities	2,573.11	--	--	58.15	2.74
Net Cash Inflow / Outflow	246.88	--	--	-2.52	0.08

	Waaree Energies	Emmvee Photovoltaic Power	TruAlt Bioenergy	Surana Telecom	Surana Solar
ROCE (%)	37.93	--	--	14.24	3.14
ROE (%)	25.65	3.27	14.08	16.59	10.91
ROA (%)	12.42	4.61	6.41	11.07	9.05
EBIT Margin (%)	15.99	-7.61	14.30	-16.07	0.51
Net Margin (%)	12.05	9.08	7.95	27.77	12.87
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Waaree Energies	Emmvee Photovoltaic Power	TruAlt Bioenergy	Surana Telecom	Surana Solar
Revenue Growth (%)	75.43	-51.96	57.78	140.53	144.39
EBIT Growth (%)	48.79	-133.96	64.63	-27.99	103.58
Net Profit Growth (%)	38.40	-42.56	46.03	25.25	2,251.96
EPS Growth (%)	44.40	-50.75	13.54	37.74	2,251.96
Book Value Growth (%)	52.49	--	--	17.09	2.20

	Waaree Energies	Emmvee Photovoltaic Power	TruAlt Bioenergy	Surana Telecom	Surana Solar
Price / Earnings	17.69	195.31	14.30	6.37	15.93
Price / Book Value	4.31	6.43	1.95	0.99	1.65
Dividend Yield (%)	0.17	0.41	0.00	0.00	0.00
EV/EBITDA	10.30	-446.03	9.68	-84.53	40.11
Market Cap (₹ Cr)	89,378.50	--	--	213.14	91.28

	Waaree Energies	Emmvee Photovoltaic Power	TruAlt Bioenergy	Surana Telecom	Surana Solar
Debt to Equity	0.13	0.00	0.57	0.30	0.00
Short term debt to equity ratio	0.14	--	--	0.00	--
Current Ratio	1.22	1.30	1.40	1.91	2.36
Quick Ratio	0.83	1.04	1.16	1.91	1.37
Interest Coverage	17.15	46.17	2.76	7.40	58.00

	Waaree Energies	Emmvee Photovoltaic Power	TruAlt Bioenergy	Surana Telecom	Surana Solar
Debtors to sales (%)	7.80	6.73	13.37	61.01	4.36
Asset Turnover	1.01	0.41	0.79	0.21	0.60
Receivable days	24.38	--	--	138.08	9.14
Inventory Days	58.79	--	--	0.00	297.10
Payable days	57.12	--	--	--	15.27
Cash Conversion Cycle	26.05	--	--	--	290.97

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