[Dilip Davda] The company is the largest solar PV modules manufacturer in India and enjoys most preferred partner in solar energy segment. It marked tremendous hike in its top and bottom lines from FY23 onward indicating the prospects ahead and post its proposed expansion, the company is poised for better performance. Based on annualized FY25 earnings, the issue appears fully priced. Investors may lap it up for medium to long term. Read detail review...

Waaree Energies IPO Peer Comparison

Waaree Energies Limited peer comparison with similar listed entities. (As on March 28, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Waaree Energies Limited	48.05	47.86	154.96		30.36		Consolidated
Websol Energy System Ltd.	-29.99	-29.99					Consolidated
Premier Energies Limited	6.93	5.48	14.63	151.13	37.46	74.79	Consolidated

P/E ratio is calculated on the basis of Market price of October 4, 2024 and Earning per share as on March 31, 2024. Source for industry peer information included above: i P/E ratio has been calculated after considering closing NSE price of the peer as on October 4, 2024, obtained from NSE website and the diluted EPS. ii All the financial information for listed industry peer mentioned above is on a consolidated basis and is sourced from the financial statements for the financial year ended March 31, 2024 submitted to the Stock Exchanges. iii All the financial information for Waaree Energies Limited mentioned above is on a consolidated basis from the Restated Consolidated Summary Statements for the year ended March 31, 2024.

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