Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Waa SolarBOM:541445 -4.68%60 Return-on-Tangible-Asset is -0.61% as of Mar. 2026. GuruFocus rates BOM:541445 with a GF Score™ of 60/100 and a GF Value™ of ₹69.66 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 449 Utilities - Independent Power Producers companies, Waa Solar ranks worse than 62.81% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Waa Solar's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹-23.3 Mil. Waa Solar's average total tangible assets for the quarter that ended in Mar. 2026 was ₹3,818.3 Mil. Therefore, Waa Solar's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.61%.
The historical rank and industry rank for Waa Solar's Return-on-Tangible-Asset or its related term are showing as below:
BOM:541445'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.17 Med: 2.05 Max: 3.61
Current: 0.18
During the past 13 years, Waa Solar's highest Return-on-Tangible-Asset was 3.61%. The lowest was 0.17%. And the median was 2.05%.
BOM:541445's Return-on-Tangible-Asset is ranked worse than 62.81% of 449
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.23
vs BOM:541445: 0.18
Waa Solar (BOM:541445) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Waa Solar Return-on-Tangible-Asset Related Terms
Waa Solar Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Waa Solar's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Competitor Comparison
For the Utilities - Renewable subindustry, Waa Solar's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Waa Solar's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Waa Solar's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -0.61% mean?
Waa Solar (BOM:541445) has a Return-on-Tangible-Asset of -0.61% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Waa Solar and its competitors. Over the past decade, Waa Solar's Return-on-Tangible-Asset has ranged from 0.17 to 3.61. According to the industry distribution chart, Waa Solar ranks #282 out of 449 companies in the Utilities - Independent Power Producers industry, placing it in the top 62.8%.
Is Waa Solar's Return-on-Tangible-Asset too high?
Waa Solar's current Return-on-Tangible-Asset is -0.61%. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 3.61. Based on the distribution chart, Waa Solar ranks #282 out of 449 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Waa Solar has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waa Solar's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Waa Solar ranks #282 out of 449 companies for Return-on-Tangible-Asset. This places Waa Solar in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.23. Historically, Waa Solar's own Return-on-Tangible-Asset has ranged from 0.17 to 3.61 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.23, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Waa Solar and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waa Solar's current Return-on-Tangible-Asset is -0.61%. 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 ₹69.66, compared to a current price of ₹49.46 — trading 29% below its estimated fair value. The current Return-on-Tangible-Asset is -0.61%. Waa Solar's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Waa Solar (BOM:541445), the current Return-on-Tangible-Asset is -0.61% 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 ₹49.46 is trading 29% below its estimated GF Value™ of ₹69.66.
GuruFocus considers Waa Solar to be Modestly Undervalued.
Key valuation signals for BOM:541445:
Return-on-Tangible-Asset: -0.61%
GF Value™: ₹69.66 vs. price of ₹49.46 (29% below fair value)
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.
60GF Score
Get the complete analysis for BOM:541445
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:541445 has been successfully added to your 
