Check Before You Invest : Waaree Renewable Technologies Ltd

Q: Which industry/sub-sector does Waaree Renewable Technologies Ltd belong to?

Waaree Renewable Technologies Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Engineering - Construction segment.

Q: Is Waaree Renewable Technologies Ltd a good quality company?

Waaree Renewable Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Waaree Renewable Technologies Ltd undervalued or overvalued?

Waaree Renewable Technologies Ltd appears Fair, as its key valuation ratios are in line with their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 22.74, Historic Median: 44.29. Price to Book, Current: 11.68, Historic Median: 18.82. Price to Sales, Current: 3.29, Historic Median: 7.17. EV to EBITDA, Current: 16.08, Historic Median: 31.55

Q: Is Waaree Renewable Technologies Ltd a good buy now?

Waaree Renewable Technologies Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd revenue growth is 82.3% for FY-2025, which is below its 5-year CAGR of 281.38%, indicating slower growth.

Q: Gross Profit margin of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Gross profit margin which is the profit after deduction of direct costs, is 19.5% for FY-2025, which is below its 5-year median of 23.4%, indicating decreasing margins.

Q: Operating Profit Margin of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 19.47% for FY-2025, which is below its 5-year median of 22.24% indicating decreasing margins.

Q: Net Profit Margin of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Net Profit Margin is 14.37% for FY-2025, is below its 5-year median of 16.6%, indicating decreasing margins. Profitability Metrics. Gross Profit Margin (%), Current: 19.5, Historic Median: 23.4. Operating Profit Margin (%), Current: 19.47, Historic Median: 22.24. Net Profit Margin (%), Current: 14.37, Historic Median: 16.6

Q: Return on Asset of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Return on Asset is 24.99%, which is in line with its 5-year historical median of 24.99%, indicating stable asset utilization efficiency.

Q: Return on capital employed (ROCE) of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Return on capital employed is 81.83% for FY-2025, which is in line with its 5-year historical median of 81.83%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 13.5%, indicating value creation.

Check Before You Invest : Waaree Renewable Technologies Ltd

Snapshot

Q.1 Which industry/sub-sector does Waaree Renewable Technologies Ltd belong to?

Waaree Renewable Technologies Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Engineering - Construction segment.

Q.2 Is Waaree Renewable Technologies Ltd a good quality company?

Waaree Renewable Technologies Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Waaree Renewable Technologies Ltd undervalued or overvalued?

Waaree Renewable Technologies Ltd appears Fair, as its key valuation ratios are in line with their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	22.74	44.29
Price to Book	11.68	18.82
Price to Sales	3.29	7.17
EV to EBITDA	16.08	31.55

Q.4 Is Waaree Renewable Technologies Ltd a good buy now?

Waaree Renewable Technologies Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd revenue growth is 82.3% for FY-2025, which is below its 5-year CAGR of 281.38%, indicating slower growth.

Q.2 Gross Profit margin of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Gross profit margin which is the profit after deduction of direct costs, is 19.5% for FY-2025, which is below its 5-year median of 23.4%, indicating decreasing margins.

Q.3 Operating Profit Margin of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 19.47% for FY-2025, which is below its 5-year median of 22.24% indicating decreasing margins.

Q.4 Net Profit Margin of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Net Profit Margin is 14.37% for FY-2025, is below its 5-year median of 16.6%, indicating decreasing margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	19.5	23.4
Operating Profit Margin (%)	19.47	22.24
Net Profit Margin (%)	14.37	16.6

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Return on Asset is 24.99%, which is in line with its 5-year historical median of 24.99%, indicating stable asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Return on capital employed is 81.83% for FY-2025, which is in line with its 5-year historical median of 81.83%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 13.5%, indicating value creation.

Q.7 Return on Equity (ROE) of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Return on equity is 65.47% for FY-2025, which is in line with its 5-year historical median of 65.47%, indicating the business is making similar use of its shareholders capital.

Q.8 Cash conversion cycle of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Cash conversion cycle is 28 days, above its 5-year historical median of -16 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	1.74	1.74
ROE (%)	65.47	65.47
ROCE (%)	81.83	81.83
Cash Conversion Cycle	28 days	-16 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Debt-to-Equity ratio is 0.06, which is lower the industry average of 0.38, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Waaree Renewable Technologies Ltd?

Waaree Renewable Technologies Ltd Debt to cash flow from operations is 0.09, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Waaree Renewable Technologies Ltd?

Q.1 Promoter shareholding and pledge status of Waaree Renewable Technologies Ltd?

Promoters hold 74.32% of the Waaree Renewable Technologies Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Waaree Renewable Technologies Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Waaree Renewable Technologies Ltd vs industry peers?

Waaree Renewable Technologies Ltd revenue CAGR is 281.38%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	82.3	0
Gross Profit Growth (%)	51.7	16.3
Operating Profit Growth (%)	50.2	13.9
Net Profit Growth (%)	57.9	20.1

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	1.74	0.62
ROE (%)	65.47	6.32
ROCE (%)	81.83	10.58
Cash Conversion Cycle (days)	27.58	51

Valuation & price assessment

Q.1 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	22.74	44.29	21.52
Price to Book	11.68	18.82	1.74
Price to Sales	3.29	7.17	1.51
EV to EBITDA	16.08	31.55	11.49

Q.2 Stock return of Waaree Renewable Technologies Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 76.7% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	76.7%	134.1%	73.9%	10.3%

Q.3 Valuation ratios of Waaree Renewable Technologies Ltd vs historical?

The current P/E ratio of 22.74 is lower than its historical median of 44.29, indicating that the stock is trading below its historical average valuation.

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Check Before You Invest : Waaree Renewable Technologies Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

Check more companies

Check trending companies

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