Waaree Renewable Peer Comparison

NSE: WAAREERTL | BSE: 534618

₹826.20

₹-10.90 (-1.30%)

As on 19-Oct-2026IST

Market cap

₹8,623 Cr

Revenue (TTM)

₹3,936 Cr

P/E Ratio

17

P/B Ratio

8.2

Div. Yield

0 %

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	Waaree Renewable	Indian Renewable	Jaiprakash Venture
Market cap (₹ Cr)	8,623	29,918	10,239
Revenue (₹ Cr)	3,936	8,901	5,830
Net Profit (₹ Cr)	476.36	1,968.46	492.58
Net Margin (%)	12.03	22.02	8.12
RoE (%)	45.38	14.00	18.19
Price to Earnings	16.97	15.22	15.97
Price-To-Book	8.20	2.12	1.09

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Waaree Renewable	Indian Renewable	Jaiprakash Venture
Operating Revenue	3,935.55	8,900.81	5,829.82
Total Income	3,961.17	8,939.20	6,068.07
Total Expenditure	3,236.47	1,248.96	4,119.35
EBITDA	699.08	7,651.85	1,710.47
Depreciation	36.96	43.72	472.07
EBIT	662.12	7,608.13	1,238.40
Interest	52.52	5,191.98	364.16
Other Income	25.62	38.39	238.25
Exceptional Items	0.00	0.00	-704.63
Profit before Tax	635.22	2,454.54	407.86
Provision for Tax	158.87	486.08	-84.72
Profit after Tax	476.36	1,968.46	492.58

Liabilities (₹ Cr)

	Waaree Renewable	Indian Renewable	Jaiprakash Venture
Shareholder's Funds	1,118.43	14,340.44	13,234.69
Minority Interest	-10.61	0.00	0.00
Non-Current Liabilities	1,160.19	359.92	3,273.25
Current Liabilities	1,963.13	83,346.44	1,859.49
Total Liabilities	2,373.79	--	18,082.82

Assets (₹ Cr)

	Waaree Renewable	Indian Renewable	Jaiprakash Venture
Non-Current Assets	1,847.43	794.79	12,748.05
Current Assets	2,785.73	96,851.70	5,096.90
Total Assets	2,373.79	--	18,082.82
Total Debt*	81.67	--	3,380.25
Net Current Assets	822.60	13,505.26	3,237.41
Contingent Liabilities	38.02	--	9,728.27

Cashflow (₹ Cr)

	Waaree Renewable	Indian Renewable	Jaiprakash Venture
Cash From Operating Activities	286.95	--	1,300.99
Cash Flow from Investing Activities	-264.48	--	-676.36
Cash from Financing Activities	22.55	--	-762.22
Net Cash Inflow / Outflow	45.02	--	-137.59

Ratios

Profitability Ratios

	Waaree Renewable	Indian Renewable	Jaiprakash Venture
ROCE (%)	87.12	--	6.98
ROE (%)	45.38	14.00	18.19
ROA (%)	15.07	2.12	2.70
EBIT Margin (%)	16.82	85.48	21.24
Net Margin (%)	12.03	22.02	8.12
Cash Profit Margin (%)	0.00	0.00	0.00

Growth Ratios

	Waaree Renewable	Indian Renewable	Jaiprakash Venture
Revenue Growth (%)	77.69	16.99	5.95
EBIT Growth (%)	42.06	13.81	-3.37
Net Profit Growth (%)	36.10	14.24	-33.67
EPS Growth (%)	31.74	11.53	-1.23
Book Value Growth (%)	105.55	--	5.32

Valuation Ratios

	Waaree Renewable	Indian Renewable	Jaiprakash Venture
Price / Earnings	18.51	15.20	13.96
Price / Book Value	8.20	2.12	1.09
Dividend Yield (%)	0.00	1.27	0.00
EV/EBITDA	11.91	13.97	6.79
Market Cap (₹ Cr)	8,162.98	--	9,615.33

Solvency Ratios

	Waaree Renewable	Indian Renewable	Jaiprakash Venture
Debt to Equity	0.74	0.00	0.20
Short term debt to equity ratio	0.06	--	0.03
Current Ratio	1.42	1.16	2.74
Quick Ratio	1.28	1.16	2.55
Interest Coverage	13.09	1.47	2.12

Operating Efficiency Ratios

	Waaree Renewable	Indian Renewable	Jaiprakash Venture
Debtors to sales (%)	47.71	0.03	17.58
Asset Turnover	1.25	0.10	0.32
Receivable days	91.47	--	66.72
Inventory Days	6.75	--	35.14
Payable days	71.10	--	--
Cash Conversion Cycle	27.12	--	--

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