Waaree Energies Limited (WAAREEENER) — Tangible Net Worth Ratio
Waaree Energies Limited (WAAREEENER) has a Tangible Net Worth Ratio of 99.8% as of March 2026. This metric is calculated by deducting intangible assets (Rs228.30 Million) from net assets (Rs150.11 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Waaree Energies Limited current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Waaree Energies Limited Tangible Net Worth Ratio (2017–2026)
This chart shows how Waaree Energies Limited's Tangible Net Worth Ratio has changed across 10 annual periods from 2017 to 2026. As of March 2026, the ratio stands at 99.8%, reflecting net assets of Rs150.11 Billion with intangible assets of Rs228.30 Million INR. See WAAREEENER defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Waaree Energies Limited (2017–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Waaree Energies Limited from 2017 to 2026, covering 10 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Waaree Energies Limited market capitalisation.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 99.8% | Rs150.11 Billion | Rs228.30 Million | Rs301.15 Billion | ▼ -0.1 pp |
| 2025 | 100.0% | Rs95.95 Billion | Rs43.10 Million | Rs197.47 Billion | ▲ +0.1 pp |
| 2024 | 99.8% | Rs41.48 Billion | Rs69.23 Million | Rs113.14 Billion | ▲ +0.2 pp |
| 2023 | 99.6% | Rs18.62 Billion | Rs73.16 Million | Rs74.20 Billion | ▲ +1.4 pp |
| 2022 | 98.3% | Rs4.40 Billion | Rs76.73 Million | Rs22.37 Billion | ▲ +0.2 pp |
| 2021 | 98.0% | Rs3.93 Billion | Rs77.33 Million | Rs12.93 Billion | ▲ +4.6 pp |
| 2020 | 93.4% | Rs3.41 Billion | Rs224.74 Million | Rs9.38 Billion | ▼ -5.1 pp |
| 2019 | 98.5% | Rs2.58 Billion | Rs39.25 Million | Rs7.87 Billion | ▲ +297.6 pp |
| 2018 | -199.1% | Rs1.76 Billion | Rs5.26 Billion | Rs10.80 Billion | ▼ -54.2 pp |
| 2017 | -144.9% | Rs2.25 Billion | Rs5.50 Billion | Rs10.92 Billion | — |