Waaree Renewable Peer Comparison

NSE: WAAREERTL | BSE: 534618

₹736.00

₹-12.80 (-1.71%)

As on 09-Nov-2026IST

Market cap

₹7,691 Cr

Revenue (TTM)

₹3,936 Cr

P/E Ratio

16.5

P/B Ratio

6.9

Div. Yield

0 %

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	Waaree Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Ujaas Energy	Indowind Energy
Market cap (₹ Cr)	7,691	28,780	14,726	2,533	149
Revenue (₹ Cr)	3,936	2,789	2,540	17	35
Net Profit (₹ Cr)	476.36	756.01	182.67	6.59	-2.02
Net Margin (%)	12.03	23.03	6.69	22.33	-5.69
RoE (%)	45.38	11.12	3.77	7.19	-0.64
Price to Earnings	16.51	38.03	82.44	384.54	--
Price-To-Book	6.88	3.44	3.04	26.78	0.48

Income Statement (₹ Cr)

	Waaree Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Ujaas Energy	Indowind Energy
Operating Revenue	3,331.42	2,023.38	1,912.87	16.64	40.33
Total Income	3,351.85	2,507.08	2,077.93	26.02	40.75
Total Expenditure	2,690.33	241.90	781.77	20.56	28.27
EBITDA	641.10	1,781.48	1,131.10	-3.92	12.07
Depreciation	8.62	467.90	379.91	0.48	8.21
EBIT	632.47	1,313.57	751.19	-4.40	3.86
Interest	13.29	1,123.13	787.51	0.16	2.93
Other Income	20.43	483.70	165.06	9.38	0.42
Exceptional Items	-4.02	2.68	--	--	--
Profit before Tax	639.61	676.82	134.98	4.83	1.35
Provision for Tax	160.97	178.94	49.40	1.66	1.34
Profit after Tax	478.64	497.89	85.58	3.16	0.01

	Waaree Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Ujaas Energy	Indowind Energy
Shareholder's Funds	934.35	5,061.48	4,638.27	88.67	307.41
Minority Interest	-0.52	-1.31	885.27	--	0.71
Non-Current Liabilities	111.10	19,865.01	11,900.00	-8.33	37.54
Current Liabilities	1,328.87	3,220.16	5,129.21	27.92	2.79
Total Liabilities	2,373.79	28,145.34	22,555.04	117.10	348.46

	Waaree Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Ujaas Energy	Indowind Energy
Non-Current Assets	584.16	21,159.60	19,147.63	34.20	305.24
Current Assets	1,789.63	6,976.16	3,405.12	74.06	43.22
Total Assets	2,373.79	28,145.34	22,555.04	117.10	348.46
Total Debt*	81.67	18,988.05	12,400.34	24.00	9.54
Net Current Assets	460.76	3,756.00	-1,724.10	46.14	40.42
Contingent Liabilities	38.02	202.63	1,232.86	--	18.64

	Waaree Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Ujaas Energy	Indowind Energy
Cash From Operating Activities	286.95	1,248.59	1,731.24	4.38	2.77
Cash Flow from Investing Activities	-264.48	-7,317.38	-5,957.47	-4.02	-33.80
Cash from Financing Activities	22.55	7,015.46	5,095.40	-0.15	38.55
Net Cash Inflow / Outflow	45.02	946.67	869.17	0.20	7.52

	Waaree Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Ujaas Energy	Indowind Energy
ROCE (%)	87.12	9.23	6.69	4.48	1.45
ROE (%)	69.02	10.53	2.43	3.63	0.00
ROA (%)	27.40	2.15	0.48	3.01	0.00
EBIT Margin (%)	19.86	111.95	67.76	32.83	30.96
Net Margin (%)	14.28	19.86	4.12	12.15	0.01
Cash Profit Margin (%)	14.63	47.73	24.33	21.90	20.36

	Waaree Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Ujaas Energy	Indowind Energy
Revenue Growth (%)	108.51	44.00	27.89	-38.23	15.19
EBIT Growth (%)	103.10	61.16	27.42	-53.87	-2.75
Net Profit Growth (%)	109.08	98.50	340.46	-64.27	-99.66
EPS Growth (%)	108.69	97.80	192.92	-71.43	-100.00
Book Value Growth (%)	105.55	10.82	84.05	3.72	17.11

	Waaree Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Ujaas Energy	Indowind Energy
Price / Earnings	17.05	31.73	95.61	558.63	122.31
Price / Book Value	8.75	3.18	1.98	19.93	0.37
Dividend Yield (%)	0.00	0.08	0.00	0.00	0.00
EV/EBITDA	11.92	12.65	14.75	327.13	8.15
Market Cap (₹ Cr)	8,162.98	15,830.92	8,999.88	1,766.86	113.83

	Waaree Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Ujaas Energy	Indowind Energy
Debt to Equity	0.09	3.82	2.72	0.27	0.03
Short term debt to equity ratio	0.06	0.13	0.14	0.27	0.00
Current Ratio	1.35	2.17	0.66	2.65	15.46
Quick Ratio	1.26	2.16	0.66	2.22	14.83
Interest Coverage	49.13	1.60	1.17	32.05	1.46

	Waaree Renewable	ACME Solar Holdings	Clean Max Enviro Energy Solutions	Ujaas Energy	Indowind Energy
Debtors to sales (%)	35.18	16.45	14.53	133.39	9.47
Asset Turnover	1.91	0.09	0.11	0.16	0.12
Receivable days	91.47	64.38	44.45	505.64	41.80
Inventory Days	6.75	1.92	8.78	269.52	15.19
Payable days	71.10	--	--	59.90	-2,123.57
Cash Conversion Cycle	27.12	--	--	715.26	2,180.57

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