Valuation Waaree Energies Limited

Equities

Market Closed - NSE India S.E. Other stock markets 12:05:10 05/06/2026 BST			5-day change	1st Jan Change
3,053.00 ^INR	-0.61%		-2.80%	+2.86%

06-03	JM Financial Upgrades Waaree Energies to Add from Reduce; Price Target is INR3,509	MT
05-29	JPMorgan, Nomura Among Banks Picked for Waaree Energies' $700 Million Share Sale	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2025	2026	2027	2028
Capitalization ¹	690,816	878,200	-	-
Change	-	27.13%	-	-
Enterprise Value (EV) ¹	625,327	859,381	828,245	868,047
Change	-	37.43%	1.48%	4.81%
P/E ratio	35.4x	24.1x	18.9x	17.8x
PBR	7.29x	6.2x	4.7x	3.69x
PEG	0.8x	0.3x	1.5x	2.9x
Capitalization / Revenue	4.78x	3.37x	2.49x	2.18x
EV / Revenue	4.33x	3.24x	2.35x	2.15x
EV / EBITDA	23x	14.5x	11.2x	10.3x
EV / EBIT	27x	17.5x	14x	13.4x
EV / FCF	-540x	-26.4x	-16.2x	-68.8x
FCF Yield	-0.19%	-3.79%	-6.18%	-1.45%
Dividend per Share ²	-	2	3.883	6.225
Rate of return	-	0.06%	0.13%	0.2%
EPS ²	67.96	128.8	161.2	171.1
Distribution rate	-	1.55%	2.41%	3.64%
Net sales ¹	144,445	265,368	352,512	403,599
EBITDA ¹	27,216	59,086	73,636	84,597
EBIT ¹	23,192	49,189	59,210	64,809
Net income ¹	18,674	37,113	46,868	49,919
Net Debt ¹	-65,488	-35,158	-49,954	-10,152
Reference price ²	2,404.65	3,053.00	3,053.00	3,053.00
Nbr of stocks (in thousands)	287,283	287,651	-	-
Announcement Date	22/04/25	29/04/26	-	-

¹INR in Million²INR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
WAAREE ENERGIES LIMITED	21.43x	3.19x	13.43x	-	9.22B
FIRST SOLAR, INC.	18.12x	6.14x	12.21x	-.--%	29.98B
NEXTPOWER INC.	40.68x	5.24x	23.3x	-.--%	19.77B
NINGBO DEYE TECHNOLOGY GROUP CO., LTD.	26.31x	6.61x	22.32x	1.95%	19.72B
LONGI GREEN ENERGY TECHNOLOGY CO., LTD.	-77.96x	1.01x	12.1x	0.04%	14.65B
TONGWEI CO.,LTD	-16.72x	1.3x	12.74x	-.--%	8.83B
ENPHASE ENERGY, INC.	236.78x	7.03x	27.28x	-.--%	7.39B
JINKO SOLAR CO., LTD.	-57.12x	1.01x	7.85x	-.--%	8.16B
XINJIANG DAQO NEW ENERGY CO.,LTD.	-42.51x	9.16x	26.94x	-.--%	6.43B
CSI SOLAR CO., LTD.	20.06x	1.15x	8.48x	1.22%	6.08B
Average	16.91x	4.18x	16.66x	0.36%	13.02B
Weighted average by Cap.	14.64x	4.61x	16.67x	0.38%