Waaree Energies Limited
Waaree Energies Limited manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects. It operates through three segments: Solar Photovoltaic Module Manufacturing, EPC and O&M Solutions, and the Independent Power Producer. The company offers HJT, TOPCon, mono PERC, polycrystalline, flexible, and special modules; off-grid and on-grid invert… Read more
Waaree Energies Limited (WAAREEENER) - Net Assets
Latest net assets as of September 2025: ₹117.03 Billion INR
Based on the latest financial reports, Waaree Energies Limited (WAAREEENER) has net assets worth ₹117.03 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹246.25 Billion) and total liabilities (₹129.22 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹117.03 Billion |
| % of Total Assets | 47.52% |
| Annual Growth Rate | 59.88% |
| 5-Year Change | 2343.11% |
| 10-Year Change | N/A |
| Growth Volatility | 103.78 |
Waaree Energies Limited - Net Assets Trend (2017–2025)
This chart illustrates how Waaree Energies Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Waaree Energies Limited (2017–2025)
The table below shows the annual net assets of Waaree Energies Limited from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹95.95 Billion | +131.30% |
| 2024-03-31 | ₹41.48 Billion | +122.81% |
| 2023-03-31 | ₹18.62 Billion | +323.29% |
| 2022-03-31 | ₹4.40 Billion | +11.99% |
| 2021-03-31 | ₹3.93 Billion | +15.34% |
| 2020-03-31 | ₹3.41 Billion | +32.07% |
| 2019-03-31 | ₹2.58 Billion | +46.69% |
| 2018-03-31 | ₹1.76 Billion | -21.79% |
| 2017-03-31 | ₹2.25 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Waaree Energies Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3676800000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹36.77 Billion | 38.79% |
| Common Stock | ₹2.87 Billion | 3.03% |
| Other Comprehensive Income | ₹744.20 Million | 0.79% |
| Other Components | ₹54.41 Billion | 57.40% |
| Total Equity | ₹94.79 Billion | 100.00% |
Waaree Energies Limited Competitors by Market Cap
The table below lists competitors of Waaree Energies Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
McGrath RentCorp
NASDAQ:MGRC
|
$2.56 Billion |
|
China Resources Double-Crane Pharmaceutical Co Ltd
SHG:600062
|
$2.56 Billion |
|
Penske Automotive Group Inc
NYSE:PAG
|
$2.57 Billion |
|
Haemonetics Corporation
NYSE:HAE
|
$2.57 Billion |
|
Kangmei Pharmaceutical Co Ltd
SHG:600518
|
$2.56 Billion |
|
Drax Group plc
PINK:DRXGF
|
$2.56 Billion |
|
Zydus Lifesciences Limited
NSE:ZYDUSLIFE
|
$2.56 Billion |
|
HEXPOL AB (publ)
OTCGREY:HXXPY
|
$2.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Waaree Energies Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 40,878,130,000 to 94,792,000,000, a change of 53,913,870,000 (131.9%).
- Net income of 18,673,900,000 contributed positively to equity growth.
- New share issuances of 35,080,200,000 increased equity.
- Other comprehensive income increased equity by 149,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹18.67 Billion | +19.7% |
| Share Issuances | ₹35.08 Billion | +37.01% |
| Other Comprehensive Income | ₹149.30 Million | +0.16% |
| Other Changes | ₹10.47 Million | +0.01% |
| Total Change | ₹- | 131.89% |
Book Value vs Market Value Analysis
This analysis compares Waaree Energies Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.36x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 471.74x to 8.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | ₹6.11 | ₹2883.10 | x |
| 2018-03-31 | ₹9.39 | ₹2883.10 | x |
| 2019-03-31 | ₹13.08 | ₹2883.10 | x |
| 2020-03-31 | ₹15.16 | ₹2883.10 | x |
| 2021-03-31 | ₹12.27 | ₹2883.10 | x |
| 2022-03-31 | ₹14.89 | ₹2883.10 | x |
| 2023-03-31 | ₹63.99 | ₹2883.10 | x |
| 2024-03-31 | ₹142.29 | ₹2883.10 | x |
| 2025-03-31 | ₹344.98 | ₹2883.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Waaree Energies Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.70%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.93%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 2.08x
- Recent ROE (19.70%) is below the historical average (20.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 20.13% | 3.02% | 0.93x | 7.15x | ₹154.72 Million |
| 2018 | 13.10% | 1.70% | 1.26x | 6.14x | ₹54.58 Million |
| 2019 | 30.72% | 4.98% | 2.02x | 3.05x | ₹534.34 Million |
| 2020 | 14.90% | 2.23% | 2.13x | 3.14x | ₹146.37 Million |
| 2021 | 13.22% | 2.40% | 1.50x | 3.67x | ₹113.36 Million |
| 2022 | 17.69% | 2.66% | 1.27x | 5.23x | ₹328.74 Million |
| 2023 | 26.26% | 7.15% | 0.91x | 4.04x | ₹2.99 Billion |
| 2024 | 30.26% | 10.88% | 1.01x | 2.77x | ₹8.28 Billion |
| 2025 | 19.70% | 12.93% | 0.73x | 2.08x | ₹9.19 Billion |
Industry Comparison
This section compares Waaree Energies Limited's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $3,961,898,073
- Average return on equity (ROE) among peers: 2.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Waaree Energies Limited (WAAREEENER) | ₹117.03 Billion | 20.13% | 1.10x | $2.56 Billion |
| BOROSIL RENEWABLES LIMITED (BORORENEW) | $9.43 Billion | 7.39% | 0.73x | $259.05 Million |
| GENSOL ENGINEERING ORD (BSE) (GENSOL) | $464.90 Million | 23.85% | 3.47x | $4.61 Million |
| Premier Energies Limited (PREMIERENE) | $4.04 Billion | -3.55% | 2.32x | $1.08 Billion |
| Ravindra Energy Limited (RELTD) | $3.54 Billion | 6.12% | 0.84x | $14.81K |
| Surana Solar Limited (SURANASOL) | $422.12 Million | 6.11% | 1.37x | $7.40 Million |
| Swelect Energy Systems Limited (SWELECTES) | $7.00 Billion | 3.09% | 0.29x | $33.33 Million |
| Sterling and Wilson Renewable Energy Limited (SWSOLAR) | $9.55 Billion | -22.19% | 3.50x | $241.57 Million |
| Ujaas Energy Limited (UEL) | $1.63 Billion | 22.97% | 2.05x | $74.81 Million |
| Urja Global Limited (URJA) | $32.01 Million | 0.00% | 0.00x | $41.92 Million |
| VIKRAM SOLAR LIMITED (VIKRAMSOLR) | $3.51 Billion | -17.92% | 5.37x | $233.11 Million |