Waa SolarBOM:541445 +0.96%72 Operating Margin % is 27.69% as of Mar. 2026, which is 26% below its 10-year median of 37.31. GuruFocus rates BOM:541445 with a GF Score™ of 72/100 and a GF Value™ of ₹72.45 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, Waa Solar ranks better than 76.98% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Waa Solar's Operating Income for the
six
months ended in Mar. 2026 was ₹52.5 Mil. Waa Solar's Revenue for the
six
months ended in Mar. 2026 was ₹189.6 Mil. Therefore, Waa Solar's Operating Margin % for the quarter that ended in Mar. 2026 was 27.69%.
Warning Sign:
Waa Solar Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -11%.
The historical rank and industry rank for Waa Solar's Operating Margin % or its related term are showing as below:
BOM:541445'
s Operating Margin % Range Over the Past 10 Years
Min: 22.76 Med: 37.31 Max: 50.04
Current: 30.98
BOM:541445's Operating Margin % is ranked better than 76.98% of 417
companies
in the Utilities - Independent Power Producers industry
Industry Median: 13.47
vs BOM:541445: 30.98
Waa Solar's 5-Year Average Operating Margin % Growth Rate was -11.00% per year.
Waa Solar's Operating Income for the
six
months ended in Mar. 2026 was ₹52.5 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹86.0 Mil.
Waa Solar (BOM:541445) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Waa Solar Operating Margin % Related Terms
Waa Solar Operating Margin % Historical Data
* Premium members only.
The historical data trend for Waa Solar's Operating 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.
Waa Solar Operating Margin % Competitor Comparison
For the Utilities - Renewable subindustry, Waa Solar's Operating Margin %, along with its competitors' market caps and Operating 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.
Waa Solar Operating Margin % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Waa Solar's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Waa Solar's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Waa Solar's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Waa Solar (BOM:541445) has a Operating Margin % of 27.69% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Waa Solar and its competitors. This is 26% below median its historical median of 37.31. Over the past decade, Waa Solar's Operating Margin % has ranged from 22.76 to 50.04. According to the industry distribution chart, Waa Solar ranks #96 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 23%.
Is Waa Solar's Operating Margin % too high?
Waa Solar's current Operating Margin % of 27.69% is 26% below median its 10-year median of 37.31. Over the past 10 years, this metric has ranged from a low of 22.76 to a high of 50.04. The Utilities - Independent Power Producers industry median Operating Margin % is 13.47. Waa Solar's value of 27.69% is 105.6% above this industry median. Based on the distribution chart, Waa Solar ranks #96 out of 417 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Waa Solar has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waa Solar's Operating Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Waa Solar ranks #96 out of 417 companies for Operating Margin %. This places Waa Solar in the top 23% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 13.47. Waa Solar's value of 27.69% is 105.6% above this benchmark. Historically, Waa Solar's own Operating Margin % has ranged from 22.76 to 50.04 over the past decade. While the company's 10-year median is 37.31 vs. the industry median of 13.47, Waa Solar 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 Operating Margin % for an Utilities - Independent Power Producers company?
The median Operating Margin % among Utilities - Independent Power Producers companies is 13.47, based on 417 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waa Solar's current Operating Margin % of 27.69% is 105.6% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Waa Solar and its competitors. For the Utilities - Independent Power Producers industry, the median Operating Margin % is 13.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waa Solar's current Operating Margin % is 27.69%, which is 26% below median its own 10-year median of 37.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waa Solar stock overvalued right now?
Based on GuruFocus' analysis, Waa Solar (BOM:541445) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹72.45, compared to a current price of ₹52.60 — trading 27.4% below its estimated fair value. The current Operating Margin % is 27.69%, which is 26% below median its 10-year median of 37.31 and 105.6% above the Utilities - Independent Power Producers industry median of 13.47. Waa Solar's overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Waa Solar (BOM:541445), the current Operating Margin % is 27.69% 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.
Is Waa Solar (BOM:541445) Overvalued in 2026?
Based on GuruFocus' analysis, Waa Solar stock appears to be undervalued.
The current stock price of ₹52.60 is trading 27.4% below its estimated GF Value™ of ₹72.45.
GuruFocus considers Waa Solar to be Modestly Undervalued.
Key valuation signals for BOM:541445:
Operating Margin %: 27.69% (26% below median its 10-year median of 37.31)
GF Value™: ₹72.45 vs. price of ₹52.60 (27.4% below fair value)
Industry Position: 105.6% above the Utilities - Independent Power Producers median (#96 of 417)
No single metric tells the full story. See the BOM:541445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waa Solar Ltd is an Indian firm engaged in solar power generation. The company is focused on the development of solar power projects through ground-mounted and rooftop solar installations. Its project portfolio comprises a 10.25 MW (DC) capacity of a ground-mounted Solar PV power project in Gujarat, a 100 KW solar project at Raja Bhoj Airport in Bhopal, and various 47.5 MW solar projects at different locations in Gujarat, among others.
72GF Score
Get the complete analysis for BOM:541445
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