Company Valuation: Waaree Energies Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2025 2026 2027 2028
Capitalization 1 6,90,816 8,96,404 - -
Change - 29.76% - -
Enterprise Value (EV) 1 6,25,327 8,42,081 8,58,037 8,15,527
Change - 34.66% 1.89% -4.95%
P/E ratio 35.4x 21.8x 19.2x 18.3x
PBR 7.29x 6.61x 4.94x 3.9x
PEG 0.8x 0x 1.4x 3.73x
Capitalization / Revenue 4.78x 3.44x 2.84x 2.48x
EV / Revenue 4.33x 3.24x 2.72x 2.25x
EV / EBITDA 23x 13.7x 12x 10.2x
EV / EBIT 27x 16.3x 14.2x 13x
EV / FCF -540x -69.4x -31.9x -295x
FCF Yield -0.19% -1.44% -3.13% -0.34%
Dividend per Share 2 - 2.85 4.02 6.621
Rate of return - 0.09% 0.13% 0.21%
EPS 2 67.96 143 162.4 170.4
Distribution rate - 1.99% 2.48% 3.89%
Net sales 1 1,44,445 2,60,210 3,15,836 3,61,658
EBITDA 1 27,216 61,621 71,761 80,014
EBIT 1 23,192 51,793 60,274 62,724
Net income 1 18,674 39,918 46,959 49,204
Net Debt 1 -65,488 -54,323 -38,367 -80,877
Reference price 2 2,404.65 3,116.40 3,116.40 3,116.40
Nbr of stocks (in thousands) 2,87,283 2,87,641 - -
Announcement Date 22/04/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.65x3.21x13.57x - 983.3Cr
15.47x4.36x10.38x-.--% 2.42TCr
-32.36x1.55x33.91x-.--% 1.98TCr
32.2x4.64x19.48x-.--% 1.73TCr
24.94x6x20.23x2.08% 1.24TCr
-12.22x1.53x17.73x-.--% 1.15TCr
-13.68x1.18x16.76x-.--% 1.1TCr
37.65x1.44x11.25x0.37% 736.17Cr
-39.71x8.73x80.63x-.--% 726.52Cr
13.99x2.19x10.27x1.22% 617.1Cr
Average 4.79x 3.48x 23.42x 0.41% 1.27TCr
Weighted average by Cap. 4.70x 3.47x 21.80x 0.31%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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