Waaree Renewable Peer Comparison

NSE: WAAREERTL | BSE: 534618

₹878.70

₹3.75 (0.43%)

As on 28-Aug-2026IST

Market cap

₹9,174 Cr

Revenue (TTM)

₹3,652 Cr

P/E Ratio

18.1

P/B Ratio

8.7

Div. Yield

0 %

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	Waaree Renewable	ACME Solar Holdings	KPI Green Energy	Ujaas Energy	Indowind Energy
Market cap (₹ Cr)	9,174	27,798	6,214	2,592	147
Revenue (₹ Cr)	3,652	2,370	2,787	17	37
Net Profit (₹ Cr)	511.22	602.41	492.55	3.93	-0.47
Net Margin (%)	13.92	20.94	17.36	14.53	-1.24
RoE (%)	63.82	11.98	16.05	4.45	-0.11
Price to Earnings	18.05	46.07	13.57	659.86	--
Price-To-Book	8.71	3.43	2.06	28.20	0.48

Income Statement (₹ Cr)

	Waaree Renewable	ACME Solar Holdings	KPI Green Energy	Ujaas Energy	Indowind Energy
Operating Revenue	3,652.49	2,369.90	2,786.81	17.02	37.09
Total Income	3,673.36	2,876.86	2,837.22	27.03	37.64
Total Expenditure	2,955.45	312.11	1,789.00	20.49	25.11
EBITDA	697.04	2,057.79	997.81	-3.47	11.99
Depreciation	12.17	515.15	154.30	0.50	8.19
EBIT	684.87	1,542.64	843.51	-3.97	3.80
Interest	19.31	1,234.30	223.89	0.13	2.95
Other Income	20.87	506.97	50.41	10.01	0.55
Exceptional Items	0.00	18.59	2.55	0.00	-0.77
Profit before Tax	686.43	833.90	672.58	5.91	0.62
Provision for Tax	175.20	231.49	180.03	1.99	1.09
Profit after Tax	511.22	602.41	492.55	3.93	-0.47

	Waaree Renewable	ACME Solar Holdings	KPI Green Energy	Ujaas Energy	Indowind Energy
Shareholder's Funds	934.35	5,061.48	3,034.00	88.67	307.41
Minority Interest	-3.07	1.02	-34.76	0.00	0.17
Non-Current Liabilities	111.10	20,259.98	4,567.98	0.51	37.55
Current Liabilities	1,328.87	3,220.16	2,040.73	27.93	2.05
Total Liabilities	1,120.12	18,140.29	4,792.03	112.72	305.40

	Waaree Renewable	ACME Solar Holdings	KPI Green Energy	Ujaas Energy	Indowind Energy
Non-Current Assets	376.71	19,691.49	5,471.47	38.09	265.79
Current Assets	1,789.63	6,985.74	3,344.64	74.06	42.48
Total Assets	1,120.12	18,140.29	4,792.03	112.72	305.40
Total Debt*	27.37	10,422.70	1,125.48	24.00	7.03
Net Current Assets	460.76	3,765.58	1,303.91	46.14	40.43
Contingent Liabilities	3.70	549.26	0.88	--	49.22

	Waaree Renewable	ACME Solar Holdings	KPI Green Energy	Ujaas Energy	Indowind Energy
Cash From Operating Activities	302.70	1,543.02	207.73	2.78	-9.17
Cash Flow from Investing Activities	-236.93	-3,976.13	-1,586.90	-6.64	-22.50
Cash from Financing Activities	-48.57	3,408.23	1,806.63	5.19	32.90
Net Cash Inflow / Outflow	17.20	975.11	427.46	1.33	1.24

	Waaree Renewable	ACME Solar Holdings	KPI Green Energy	Ujaas Energy	Indowind Energy
ROCE (%)	81.92	8.53	19.95	10.45	2.00
ROE (%)	63.82	11.98	16.05	4.45	-0.11
ROA (%)	29.26	2.57	6.71	3.42	-0.14
EBIT Margin (%)	18.75	65.09	30.27	-23.33	10.23
Net Margin (%)	13.92	20.94	17.36	14.53	-1.24
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Waaree Renewable	ACME Solar Holdings	KPI Green Energy	Ujaas Energy	Indowind Energy
Revenue Growth (%)	85.92	47.52	40.01	-26.93	-5.38
EBIT Growth (%)	80.09	42.54	50.19	-2,839.31	-32.02
Net Profit Growth (%)	78.03	58.42	32.95	-47.77	-117.93
EPS Growth (%)	74.82	34.24	15.67	-58.30	-70.78
Book Value Growth (%)	85.35	131.16	187.35	-4.09	17.70

	Waaree Renewable	ACME Solar Holdings	KPI Green Energy	Ujaas Energy	Indowind Energy
Price / Earnings	18.04	42.83	13.61	669.68	169.02
Price / Book Value	8.71	3.43	2.06	28.20	0.48
Dividend Yield (%)	0.00	0.05	0.33	0.00	0.00
EV/EBITDA	12.85	17.16	6.76	-748.41	12.75
Market Cap (₹ Cr)	9,461.86	11,617.76	8,050.94	4,160.59	210.46

	Waaree Renewable	ACME Solar Holdings	KPI Green Energy	Ujaas Energy	Indowind Energy
Debt to Equity	0.02	3.31	1.21	0.00	0.03
Short term debt to equity ratio	--	0.04	0.10	0.28	0.02
Current Ratio	1.35	2.17	1.64	2.65	20.70
Quick Ratio	1.26	2.16	0.93	2.22	19.83
Interest Coverage	36.54	1.68	4.00	48.31	1.21

	Waaree Renewable	ACME Solar Holdings	KPI Green Energy	Ujaas Energy	Indowind Energy
Debtors to sales (%)	32.09	14.05	26.57	130.38	10.30
Asset Turnover	2.09	0.10	0.38	0.15	0.11
Receivable days	99.41	104.13	105.71	342.96	75.29
Inventory Days	4.07	1.02	84.13	148.66	16.75
Payable days	78.86	--	167.00	63.75	-3,176.10
Cash Conversion Cycle	24.62	--	22.84	427.87	3,268.13

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