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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Waaree Energies Limited is an India-based renewable energy company. The Company is primarily engaged in the business of manufacturing of solar Photo-voltaic modules and solar cells, setting up of projects in solar space and the sale of electricity. The Company’s operating…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, trading cheap versus its own history — but flagged on governance.
WAAREE ENERGIES LIMITED is scored on the commodity / cyclical framework. It keeps a healthy 14.3% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.42×) — worth a closer look. Free cash flow is worth about -3.3% of its market value.
Over the last 3 years revenue compounded at 58%/yr and profit at 98%/yr. Book value itself has compounded 101%/yr — the hallmark of a genuine compounder. Return on equity is an elite 23.1%. In the latest quarter profit fell 16% versus the prior quarter.
At 19× earnings, the stock sits at the 5th percentile of its own 2-year range — the cheap end of where it has historically traded. Today's price implies ~8%/yr earnings growth for a decade. The forensic screen raises a red flag: Share count up 31% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 18.07 | 24.15 | better |
| P/B | 4.38 | 5.72 | better |
| EV/EBITDA | 10.46 | 28.01 | better |
| ROE | 23.05 | 22.69 | better |
| ROCE | 24.02 | 26.38 | worse |
| ROA | 10.25 | 13.84 | worse |
| Quick Ratio | 0.92 | 1.62 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| BHEL | 50.7 | 5.5 | 10.8% |
| ABB India | 70.7 | 47.9 | 22.4% |
| CG Power | 89.3 | 13.9 | 15.7% |
Revenue has grown every year across all 4 financial years shown. 58% CAGR over 3 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (98% vs 58%) — margin expansion is at work. The latest year saw a +101% swing — check if it's a one-off or structural.
Operating margin has expanded from 10% to 19% — the business is keeping more of each rupee earned.
ROE at 26% — the business earns well above its cost of equity.
EPS has grown every year — each share earns more than the last, consistently. Profit grew faster than EPS (98% vs 81%) — share dilution is eroding per-share value. 81% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 0.4× PAT — reported profit isn't translating into cash, raising earnings quality questions. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 5% QoQ — could be seasonality or a genuine slowdown.
Profit fell 15% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (14% → 10%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 2y median.
Promoter holding at 64.1% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.