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Waaree EnergiesBOM:544277 -1.39%49 ROA % is 14.09% as of Mar. 2026, which is 28% above its 10-year median of 11.01. GuruFocus rates BOM:544277 with a GF Score™ of 49/100. The stock has 2 warning signs investors should review. Among 1,027 Semiconductors companies, Waaree Energies ranks better than 89.87% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Waaree Energies's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹42,444 Mil.
Waaree Energies's average Total Assets over the quarter that ended in Mar. 2026 was ₹301,154 Mil. Therefore, Waaree Energies's annualized ROA % for the quarter that ended in Mar. 2026 was 14.09%.
The historical rank and industry rank for Waaree Energies's ROA % or its related term are showing as below:
BOM:544277'
s ROA % Range Over the Past 10 Years
Min: 3.6 Med: 11.01 Max: 14.95
Current: 14.95
During the past 6 years, Waaree Energies's highest ROA % was 14.95%. The lowest was 3.60%. And the median was 11.01%.
BOM:544277's ROA % is ranked better than 89.87% of 1027
companies
in the Semiconductors industry
Industry Median: 2.47
vs BOM:544277: 14.95
Waaree Energies (BOM:544277) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Waaree Energies ROA % Related Terms
Waaree Energies ROA % Historical Data
* Premium members only.
The historical data trend for Waaree Energies's ROA % 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.
For the Solar subindustry, Waaree Energies's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Waaree Energies's ROA % distribution charts can be found below:
* The bar in red indicates where Waaree Energies's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Waaree Energies (BOM:544277) has a ROA % of 14.09% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Waaree Energies and its competitors. This is 28% above median its historical median of 11.01. Over the past decade, Waaree Energies' ROA % has ranged from 3.60 to 14.95. According to the industry distribution chart, Waaree Energies ranks #104 out of 1027 companies in the Semiconductors industry, placing it in the top 10.1%.
Is Waaree Energies' ROA % too high?
Waaree Energies' current ROA % of 14.09% is 28% above median its 10-year median of 11.01. Over the past 10 years, this metric has ranged from a low of 3.60 to a high of 14.95. The Semiconductors industry median ROA % is 2.47. Waaree Energies' value of 14.09% is 470.4% above this industry median. Based on the distribution chart, Waaree Energies ranks #104 out of 1027 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 49/100, reflecting its overall financial health beyond just this single metric.
How does Waaree Energies' ROA % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Waaree Energies ranks #104 out of 1027 companies for ROA %. This places Waaree Energies in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 2.47. Waaree Energies' value of 14.09% is 470.4% above this benchmark. Historically, Waaree Energies' own ROA % has ranged from 3.60 to 14.95 over the past decade. While the company's 10-year median is 11.01 vs. the industry median of 2.47, 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 ROA % for a Semiconductors company?
The median ROA % among Semiconductors companies is 2.47, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waaree Energies's current ROA % of 14.09% is 470.4% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Waaree Energies and its competitors. For the Semiconductors industry, the median ROA % is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Energies's current ROA % is 14.09%, which is 28% above median its own 10-year median of 11.01. 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 ROA % of 14.09%. The current ROA % is 14.09%, which is 28% above median its 10-year median of 11.01 and 470.4% above the Semiconductors industry median of 2.47. Waaree Energies' overall GF Score™ is 49/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Waaree Energies (BOM:544277), the current ROA % is 14.09% 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 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.
49GF Score
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