Projected Income Statement: Waaree Energies Limited

Forecast Balance Sheet: Waaree Energies Limited

Fiscal Period: March 2024 2025 2026 2027 2028
Net Debt 1 - -65,488 -62,068 -37,569 -17,383
Change - - 5.22% 39.47% 53.73%
Announcement Date 9/6/24 4/22/25 4/29/26 - -
1INR in Million
Estimates

Cash Flow Forecast: Waaree Energies Limited

Fiscal Period: March 2025 2026 2027 2028
CAPEX 1 32,741 44,556 104,524 83,836
Change - 36.09% 134.59% -19.79%
Free Cash Flow (FCF) 1 -1,159 -9,237 -40,936 -13,960
Change - -697.01% -343.19% 65.9%
Announcement Date 4/22/25 - - -
1INR in Million
Estimates

Forecast Financial Ratios: Waaree Energies Limited

Fiscal Period: March 2024 2025 2026 2027 2028

Profitability

     
EBITDA Margin (%) - 18.84% 22.27% 20.88% 20.87%
EBIT Margin (%) - 16.06% 18.54% 16.8% 15.94%
EBT Margin (%) - 17.76% 19.04% 18.09% 16.7%
Net margin (%) - 12.93% 13.99% 13.31% 12.3%
FCF margin (%) - -0.8% -3.59% -11.66% -3.47%
FCF / Net Income (%) - -6.21% -22.96% -87.6% -28.21%

Profitability

     
ROA - 12.02% 23.7% - -
ROE - 27.53% 35.16% 26.96% 22.7%

Financial Health

     
Leverage (Debt/EBITDA) - - - - -
Debt / Free cash flow - - - - -

Capital Intensity

     
CAPEX / Current Assets (%) - 22.67% 17.31% 29.76% 20.84%
CAPEX / EBITDA (%) - 120.3% 72.83% 142.53% 99.87%
CAPEX / FCF (%) - -2,825.18% -482.39% -255.33% -600.55%

Items per share

     
Cash flow per share 1 - - - - -
Change - - - - -
Dividend per Share 1 - - 3.183 4.825 6.929
Change - - - 51.57% 43.61%
Book Value Per Share 1 - 330 475.5 648.7 822.5
Change - - 44.09% 36.43% 26.79%
EPS 1 47.86 67.96 128.8 160.8 169.7
Change - 42% 89.58% 12.19% 5.55%
Nbr of stocks (in thousands) - 287,283 287,651 287,651 287,651
Announcement Date 9/6/24 4/22/25 4/29/26 - -
1INR
Estimates
2026 2027 *
P/E ratio 24.1x 18.8x
PBR 6.36x 4.66x
EV / Sales 3.37x 2.37x
Yield 0.11% 0.16%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
3,022.00INR
Average target price
3,537.20INR
Spread / Average Target
+17.05%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. WAAREEENER Stock
  4. Financials Waaree Energies Limited