Waaree Energies Limited (WAAREEENER) - Net Assets

Latest as of September 2025: Rs117.03 Billion INR ≈ $1.27 Billion USD

Based on the latest financial reports, Waaree Energies Limited (WAAREEENER) has net assets worth Rs117.03 Billion INR (≈ $1.27 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs246.25 Billion ≈ $2.66 Billion USD) and total liabilities (Rs129.22 Billion ≈ $1.40 Billion USD). 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. Check how resilient are Waaree Energies Limited's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs117.03 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. Also explore WAAREEENER current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see WAAREEENER market cap overview.

Year	Net Assets	Change
2025-03-31	Rs95.95 Billion ≈ $1.04 Billion	+131.30%
2024-03-31	Rs41.48 Billion ≈ $448.64 Million	+122.81%
2023-03-31	Rs18.62 Billion ≈ $201.35 Million	+323.29%
2022-03-31	Rs4.40 Billion ≈ $47.57 Million	+11.99%
2021-03-31	Rs3.93 Billion ≈ $42.47 Million	+15.34%
2020-03-31	Rs3.41 Billion ≈ $36.82 Million	+32.07%
2019-03-31	Rs2.58 Billion ≈ $27.88 Million	+46.69%
2018-03-31	Rs1.76 Billion ≈ $19.01 Million	-21.79%
2017-03-31	Rs2.25 Billion ≈ $24.30 Million	--

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	Rs36.77 Billion	38.79%
Common Stock	Rs2.87 Billion	3.03%
Other Comprehensive Income	Rs744.20 Million	0.79%
Other Components	Rs54.41 Billion	57.40%
Total Equity	Rs94.79 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
Zydus Lifesciences Limited NSE:ZYDUSLIFE	$9.71 Billion
OGE Energy Corporation NYSE:OGE	$9.71 Billion
RYOHIN UNSP.ADR/1 F:3RKU	$9.71 Billion
Getlink SE PA:GET	$9.72 Billion
Macrotech Developers Limited NSE:LODHA	$9.70 Billion
Viper Energy Ut NASDAQ:VNOM	$9.70 Billion
Revvity Inc. NYSE:RVTY	$9.69 Billion
Old Republic International Corp NYSE:ORI	$9.69 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	Rs18.67 Billion	+19.7%
Share Issuances	Rs35.08 Billion	+37.01%
Other Comprehensive Income	Rs149.30 Million	+0.16%
Other Changes	Rs10.47 Million	+0.01%
Total Change	Rs-	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: 9.04x
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 510.30x to 9.04x 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	Rs6.11	Rs3118.80	x
2018-03-31	Rs9.39	Rs3118.80	x
2019-03-31	Rs13.08	Rs3118.80	x
2020-03-31	Rs15.16	Rs3118.80	x
2021-03-31	Rs12.27	Rs3118.80	x
2022-03-31	Rs14.89	Rs3118.80	x
2023-03-31	Rs63.99	Rs3118.80	x
2024-03-31	Rs142.29	Rs3118.80	x
2025-03-31	Rs344.98	Rs3118.80	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	Rs154.72 Million
2018	13.10%	1.70%	1.26x	6.14x	Rs54.58 Million
2019	30.72%	4.98%	2.02x	3.05x	Rs534.34 Million
2020	14.90%	2.23%	2.13x	3.14x	Rs146.37 Million
2021	13.22%	2.40%	1.50x	3.67x	Rs113.36 Million
2022	17.69%	2.66%	1.27x	5.23x	Rs328.74 Million
2023	26.26%	7.15%	0.91x	4.04x	Rs2.99 Billion
2024	30.26%	10.88%	1.01x	2.77x	Rs8.28 Billion
2025	19.70%	12.93%	0.73x	2.08x	Rs9.19 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: $6,083,716,148
Average return on equity (ROE) among peers: 43.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Waaree Energies Limited (WAAREEENER)	Rs117.03 Billion	20.13%	1.10x	$9.70 Billion
BOROSIL RENEWABLES LIMITED (BORORENEW)	$6.52 Billion	3.78%	0.28x	$760.32 Million
GENSOL ENGINEERING ORD (BSE) (GENSOL)	$65.51 Million	81.46%	3.04x	$9.63 Million
Premier Energies Limited (PREMIERENE)	$28.22 Billion	33.21%	1.42x	$4.95 Billion
Surana Solar Limited (SURANASOL)	$423.79 Million	7.16%	1.42x	$14.87 Million
Swelect Energy Systems Limited (SWELECTES)	$7.87 Billion	4.12%	0.78x	$108.10 Million
Sterling and Wilson Renewable Energy Limited (SWSOLAR)	$1.94 Billion	233.23%	24.38x	$526.17 Million
Urja Global Limited (URJA)	$1.72 Billion	1.01%	2.08x	$64.95 Million
Websol Energy System Limited (WEBELSOLAR)	$1.91 Billion	-12.37%	0.40x	$505.10 Million

About Waaree Energies Limited

NSE:WAAREEENER India Solar

Market Cap

$9.70 Billion

Rs897.09 Billion INR

Market Cap Rank

#2282 Global

#92 in India

Share Price

Rs3118.80

Change (1 day)

-10.97%

52-Week Range

Rs2419.00 - Rs3739.80

All Time High

Rs3739.80