Waaree Energies (BOM:544277) Net Margin %: 12.51% (As of Mar. 2026) — 37% Above Median


BOM:544277 Waaree Energies Ltd BOM:544277
55 GF Score
Price ₹2,841.50
! 2 Warning Signs
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What is Waaree Energies Net Margin %?

Waaree Energies BOM:544277 -1.20% 55 Net Margin % is 12.51% as of Mar. 2026, which is 37% above its 10-year median of 9.10. GuruFocus rates BOM:544277 with a GF Score™ of 55/100. The stock has 2 warning signs investors should review. Among 1,020 Semiconductors companies, Waaree Energies ranks better than 75% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Waaree Energies's Net Income for the three months ended in Mar. 2026 was ₹10,611 Mil. Waaree Energies's Revenue for the three months ended in Mar. 2026 was ₹84,803 Mil. Therefore, Waaree Energies's net margin for the quarter that ended in Mar. 2026 was 12.51%.

The historical rank and industry rank for Waaree Energies's Net Margin % or its related term are showing as below:

BOM:544277' s Net Margin % Range Over the Past 10 Years
Min: 2.4   Med: 9.1   Max: 13.99
Current: 13.99


BOM:544277's Net Margin % is ranked better than
75% of 1020 companies
in the Semiconductors industry
Industry Median: 4.25 vs BOM:544277: 13.99

Waaree Energies  (BOM:544277) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Waaree Energies Net Margin % Related Terms


Waaree Energies Net Margin % Historical Data

* Premium members only.

The historical data trend for Waaree Energies's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Waaree Energies Net Margin % Chart

Waaree Energies Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Margin %
Get a 7-Day Free Trial 2.66 7.31 10.88 12.93 13.99

Waaree Energies Quarterly Data
Mar21 Mar22 Mar23 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.46 16.84 13.89 14.04 12.51

BOM:544277 vs FSLR, NXT, ENPH: Net Margin % Comparison

For the Solar subindustry, Waaree Energies's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Waaree Energies Net Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Waaree Energies's Net Margin % distribution charts can be found below:

* The bar in red indicates where Waaree Energies's Net Margin % falls into.


BOM:544277
55GF Score
Waaree Energies Ltd BOM:544277
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Waaree Energies Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Waaree Energies's Net Margin for the fiscal year that ended in Mar. 2026 is calculated as

Net Margin=Net Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=37113/265367.7
=13.99 %

Waaree Energies's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=10611/84802.5
=12.51 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 12.51% mean?
Waaree Energies (BOM:544277) has a Net Margin % of 12.51% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Waaree Energies and its competitors. This is 37% above median its historical median of 9.10. Over the past decade, Waaree Energies' Net Margin % has ranged from 2.40 to 13.99. According to the industry distribution chart, Waaree Energies ranks #255 out of 1020 companies in the Semiconductors industry, placing it in the top 25%.
Is Waaree Energies' Net Margin % too high?
Waaree Energies' current Net Margin % of 12.51% is 37% above median its 10-year median of 9.10. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 13.99. The Semiconductors industry median Net Margin % is 4.25. Waaree Energies' value of 12.51% is 194.4% above this industry median. Based on the distribution chart, Waaree Energies ranks #255 out of 1020 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Waaree Energies has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Waaree Energies' Net Margin % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Waaree Energies ranks #255 out of 1020 companies for Net Margin %. This places Waaree Energies in the top 25% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.25. Waaree Energies' value of 12.51% is 194.4% above this benchmark. Historically, Waaree Energies' own Net Margin % has ranged from 2.40 to 13.99 over the past decade. While the company's 10-year median is 9.10 vs. the industry median of 4.25, Waaree Energies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Semiconductors company?
The median Net Margin % among Semiconductors companies is 4.25, based on 1,020 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waaree Energies's current Net Margin % of 12.51% is 194.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Waaree Energies and its competitors. For the Semiconductors industry, the median Net Margin % is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Energies's current Net Margin % is 12.51%, which is 37% above median its own 10-year median of 9.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Energies stock overvalued right now?
Waaree Energies (BOM:544277) has a current Net Margin % of 12.51%. The current Net Margin % is 12.51%, which is 37% above median its 10-year median of 9.10 and 194.4% above the Semiconductors industry median of 4.25. Waaree Energies' overall GF Score™ is 55/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Waaree Energies (BOM:544277), the current Net Margin % is 12.51% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Waaree Energies Business Description

Other Exchanges WAAREEENER:India
Address Western Express Highway, 602, 6th Floor, Western Edge-I, Borivali (East), Mumbai, MH, IND, 400 066
Waaree Energies Ltd is a manufacturer of solar PV modules in India. Its solar PV modules are currently manufactured using multicrystalline cell technology, monocrystalline cell technology and emerging technologies such as Tunnel Oxide Passivated Contact (TopCon). Its portfolio of solar energy products consists of the following PV modules: multicrystalline modules, monocrystalline modules, and TopCon modules, comprising flexible modules, which includes bifacial modules (Mono PERC) (framed and unframed), and building integrated photo voltaic (BIPV) modules. The Company operates only in one Business Segment i.e. Manufacturing & Trading of Solar Photovoltaic Modules.
55GF Score

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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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