Company Valuation: Waaree Energies Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2025 2026 2027 2028
Capitalization 1 690,816 929,143 - -
Change - 34.5% - -
Enterprise Value (EV) 1 625,327 867,075 891,574 911,760
Change - 38.66% 2.83% 2.26%
P/E ratio 35.4x 24.1x 20.1x 19.3x
PBR 7.29x 6.79x 4.9x 3.9x
PEG 0.8x 0.3x 1.7x 4.3x
Capitalization / Revenue 4.78x 3.37x 2.67x 2.36x
EV / Revenue 4.33x 3.37x 2.56x 2.31x
EV / EBITDA 23x 14.2x 12.2x 11x
EV / EBIT 27x 16.5x 15.2x 14.5x
EV / FCF -540x -93.9x -21.3x -73.1x
FCF Yield -0.19% -1.07% -4.7% -1.37%
Dividend per Share 2 - 3.183 5.06 7.596
Rate of return - 0.1% 0.16% 0.24%
EPS 2 67.96 128.8 160.6 167.8
Distribution rate - 2.22% 3.15% 4.53%
Net sales 1 144,445 265,368 348,386 393,911
EBITDA 1 27,216 59,086 72,996 82,692
EBIT 1 23,192 49,189 58,478 62,964
Net income 1 18,674 37,113 46,751 48,988
Net Debt 1 -65,488 -62,068 -37,569 -17,383
Reference price 2 2,404.65 3,230.10 3,230.10 3,230.10
Nbr of stocks (in thousands) 287,283 287,651 - -
Announcement Date 4/22/25 4/29/26 - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.54x3.37x14.17x - 9.84B
12.65x4.06x8.19x-.--% 23.63B
24.4x6.18x20.06x1.83% 20.23B
34.82x5.04x21.14x-.--% 18.69B
-101.72x1.31x14.96x0.03% 18.18B
-24.73x1.44x14.31x-.--% 11.14B
-69.5x1.26x8.91x-.--% 10.8B
24.31x1.4x10.31x1.05% 7.67B
-42.95x9.26x27.24x-.--% 7.12B
30.86x1.15x11.85x0.63% 5.53B
Average -8.93x 3.45x 15.11x 0.39% 13.28B
Weighted average by Cap. -8.73x 3.65x 15.06x 0.4%

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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