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Waaree Renewable Technologies has a quick ratio of 1.26. It generally indicates good short-term financial strength.
The historical rank and industry rank for Waaree Renewable Technologies's Quick Ratio or its related term are showing as below:
BOM:534618'
s Quick Ratio Range Over the Past 10 Years
Min: 0.6 Med: 1.29 Max: 286.01
Current: 1.26
During the past 13 years, Waaree Renewable Technologies's highest Quick Ratio was 286.01. The lowest was 0.60. And the median was 1.29.
BOM:534618's Quick Ratio is ranked worse than 51.71% of 1783
companies
in the Construction industry
Industry Median: 1.29
vs BOM:534618: 1.26
Waaree Renewable Technologies (BOM:534618) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Waaree Renewable Technologies Quick Ratio Related Terms
Waaree Renewable Technologies Quick Ratio Historical Data
* 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.
BOM:534618 vs PWR, FIX, EME: Quick Ratio Comparison
For the Engineering & Construction subindustry, Waaree Renewable Technologies's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Renewable Technologies Quick Ratio vs Construction Industry
For the Construction industry and Industrials sector, Waaree Renewable Technologies's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Waaree Renewable Technologies's Quick Ratio falls into.
Waaree Renewable Technologies Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* 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 Renewable Technologies (BOM:534618) has a Quick Ratio of 1.26 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Waaree Renewable Technologies and its competitors. This is near median its historical median of 1.29. Over the past decade, Waaree Renewable Technologies' Quick Ratio has ranged from 0.60 to 286.01. According to the industry distribution chart, Waaree Renewable Technologies ranks #922 out of 1783 companies in the Construction industry, placing it in the top 51.7%.
Is Waaree Renewable Technologies' Quick Ratio too high?
Waaree Renewable Technologies' current Quick Ratio of 1.26 is near median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 286.01. The Construction industry median Quick Ratio is 1.29. Waaree Renewable Technologies' value of 1.26 is 2.3% below this industry median. Based on the distribution chart, Waaree Renewable Technologies ranks #922 out of 1783 companies in the Construction industry, which is below the industry midpoint. Overall, Waaree Renewable Technologies has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Waaree Renewable Technologies' Quick Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Waaree Renewable Technologies ranks #922 out of 1783 companies for Quick Ratio. This places Waaree Renewable Technologies in the lower half of its industry. The industry median Quick Ratio is 1.29. Waaree Renewable Technologies' value of 1.26 is 2.3% below this benchmark. Historically, Waaree Renewable Technologies' own Quick Ratio has ranged from 0.60 to 286.01 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 1.29, Waaree Renewable Technologies has consistently been below 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 Quick Ratio for a Construction company?
The median Quick Ratio among Construction companies is 1.29, based on 1,783 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waaree Renewable Technologies's current Quick Ratio of 1.26 is 2.3% below 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Waaree Renewable Technologies and its competitors. For the Construction industry, the median Quick Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Renewable Technologies's current Quick Ratio is 1.26, which is near median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waaree Renewable Technologies stock overvalued right now?
Based on GuruFocus' analysis, Waaree Renewable Technologies (BOM:534618) is currently considered Possible Value Trap. The stock's GF Value™ is ₹2,405.07, compared to a current price of ₹1,007.55 — trading 58.1% below its estimated fair value. The current Quick Ratio is 1.26, which is near median its 10-year median of 1.29 and 2.3% below the Construction industry median of 1.29. Waaree Renewable Technologies' overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Waaree Renewable Technologies (BOM:534618), the current Quick Ratio is 1.26 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 Waaree Renewable Technologies (BOM:534618) Overvalued in 2026?
Based on GuruFocus' analysis, Waaree Renewable Technologies stock appears to be undervalued.
The current stock price of ₹1,007.55 is trading 58.1% below its estimated GF Value™ of ₹2,405.07.
GuruFocus considers Waaree Renewable Technologies to be Possible Value Trap.
Key valuation signals for BOM:534618:
Quick Ratio: 1.26 (near median its 10-year median of 1.29)
GF Value™: ₹2,405.07 vs. price of ₹1,007.55 (58.1% below fair value)
Industry Position: 2.3% below the Construction median (#922 of 1783)
No single metric tells the full story. See the BOM:534618 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waaree Renewable Technologies Business Description
Waaree Renewable Technologies Ltd is engaged in the business of generation of power and providing consultancy services. It offers sustainable partnerships by providing renewable energy solutions to industrial, institutional, and commercial sectors and improves their profitability through the long-term renewable power supply. It generates maximum revenue from the EPC Contracts. Its projects include Ground Mounted, Rooftop Solar and Floating Solar.
82GF Score
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