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Waaree Renewable Key Ratios

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NSE: WAAREERTL | BSE: 534618

₹872.35

up-down-arrow ₹-6.35 (-0.72%)

As on 31-Aug-2026 12:04IST

Market cap

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₹9,071 Cr

Revenue (TTM)

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₹3,652 Cr

P/E Ratio

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17.9

P/B Ratio

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8.6

Div. Yield

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0 %

Key Ratios and Highlights

Growth Score (%) Quarterly Annual (TTM)
Particulars QoQ YoY 1-Year 3-Years 5-Years
Revenue -16.16 53.23 85.92 111.72 146.35
EBIT -18.08 45.44 80.09 103.82 147.75
Net Profit -25.58 34.07 74.97 110.37 149.96
EPS -25.58 33.95 76.74 110.20 149.85
Book Value -- -- 85.17 147.46 77.18
Key Ratios (%) Average Annual (TTM)
Particulars3-Years5-YearsTTMMar-25Mar-24
EBIT-Margin info 21.4023.6218.7519.0622.94
Net Margin info 15.967.2513.9214.2016.49
Return on equity info 73.3654.9863.8265.5288.23
Return on Capital info 94.5360.00--81.9299.83
Return on Assets info 28.5816.4029.2624.9629.13
Debt to Equity (x) info ----0.020.060.17

Profitability

View Detailed Peer Comparison

ROCE

--

--

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

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
--
81.92
99.83
84.06
26.67
Peer Median
--
9.29
8.17
4.14
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROE

63.82

Higher than Peers by 49.11

Profit after tax / Average Net worth * 100

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
63.82
65.52
88.23
96.90
34.08
Peer Median
14.71
29.56
15.44
1.26
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROA

29.26

Higher than Peers by 25.13

Profit after tax / Average Total assets * 100

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
29.26
24.96
29.13
24.57
4.80
Peer Median
4.13
5.55
2.00
1.13
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Margin

18.75

Lower than Peers by 9.12

Operating profit (EBIT) / Net Sales * 100

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
18.75
19.06
22.94
23.02
12.28
Peer Median
27.87
29.00
23.02
11.70
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Margin

13.92

Lower than Peers by 1.78

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

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
13.92
14.20
16.49
15.70
5.24
Peer Median
15.70
16.90
15.70
5.24
--
*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-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
--
14.73
17.27
16.61
7.78
Peer Median
--
--
--
--
--
*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

85.92

Higher than Peers by 38.40

Year on year growth in net sales

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
85.92
82.29
149.74
117.32
1,144.35
Peer Median
47.52
82.29
139.52
51.73
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Growth

80.09

Higher than Peers by 21.56

Year on year growth in operating profit (EBIT)

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
80.09
51.46
148.87
307.38
274.35
Peer Median
58.52
151.61
141.62
99.98
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Profit Growth

74.97

Higher than Peers by 16.55

Year on year growth in profit after tax

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
74.97
57.64
162.45
522.32
475.69
Peer Median
58.42
101.22
167.54
61.12
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EPS Growth

76.74

Higher than Peers by 70.76

Year on year growth in earnings per share

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
76.74
57.56
161.99
544.16
329.45
Peer Median
5.98
11.45
--
125.00
--
*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-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
--
85.35
190.49
181.93
34.23
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

0.02

Lower than Peers by 0.42

Total debt / Net worth

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
0.02
0.06
0.17
0.46
1.40
Peer Median
0.44
1.12
2.09
0.67
--
*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-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
--
--
0.04
0.06
0.18
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Current Ratio

1.35

Higher than Peers by 0.02

Current Assets / Current Liabilities and Provisions

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
1.35
1.32
1.31
0.84
1.03
Peer Median
1.33
1.27
1.10
1.17
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Quick Ratio

1.26

Higher than Peers by 0.01

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
1.26
1.31
1.24
0.60
1.01
Peer Median
1.25
2.00
1.21
2.42
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Interest Coverage

36.54

Higher than Peers by 33.93

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
36.54
21.25
30.33
15.52
4.06
Peer Median
2.62
1.71
1.55
1.21
--
*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

32.09

Higher than Peers by 9.37

Debtors outstanding / Net Sales * 100

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
32.09
31.15
42.51
17.47
28.81
Peer Median
22.72
75.51
64.85
71.51
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Asset Turnover

2.09

Higher than Peers by 1.75

Sales / Average Total Assets

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
2.09
1.74
1.76
1.56
0.87
Peer Median
0.34
0.48
0.55
0.12
--
*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-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
--
99.41
90.34
56.08
59.55
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-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
--
4.07
13.68
19.87
2.42
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-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
--
78.86
106.29
96.92
91.34
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-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
--
24.62
-2.27
-20.97
-29.37
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

17.85

Lower than Peers by 0.20

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

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
17.85
41.29
100.74
5.82
13.74
Peer Median
18.05
69.96
66.31
45.21
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Price / Book Value

8.62

Lower than Peers by 0.10

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

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
8.62
20.85
59.77
19.12
19.77
Peer Median
8.71
4.08
12.14
0.99
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Dividend Yield

--

--

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

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
--
0.11
0.07
0.13
0.35
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EV/EBITDA

12.25

--

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

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
12.25
28.54
68.88
19.17
18.56
Peer Median
--
31.23
26.54
-5.99
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Market Cap

9,071

Lower than Peers by 103

Current Share price multiplied by latest total number of shares outstanding

Company Name
TTM
Mar-25
Mar-24
Mar-23
Mar-22
Waaree Renewable
9,071
9,462
14,638
1,612
591
Peer Median
9,174
12,411
10,148
58
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
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