Waaree Energies (BOM:544277) ROCE %: 33.45% (As of Mar. 2026)


BOM:544277 Waaree Energies Ltd BOM:544277
48 GF Score
Price ₹2,823.05
! 2 Warning Signs
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What is Waaree Energies ROCE %?

Waaree Energies BOM:544277 -0.65% 48 ROCE % is 33.45% as of Mar. 2026. GuruFocus rates BOM:544277 with a GF Score™ of 48/100. The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Waaree Energies's annualized ROCE % for the quarter that ended in Mar. 2026 was 33.45%.

Waaree Energies  (BOM:544277) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Waaree Energies ROCE % Related Terms

Waaree Energies ROCE % Historical Data

* Premium members only.

The historical data trend for Waaree Energies's ROCE % 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 ROCE % Chart

Waaree Energies Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial 21.93 46.22 44.34 32.24 37.59

Waaree Energies Quarterly Data
Mar21 Mar22 Mar23 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.92 36.00 38.74 45.60 33.45
BOM:544277
48GF Score
Waaree Energies Ltd BOM:544277
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Waaree Energies ROCE % Calculation

Waaree Energies's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=53322.9/( ( (197473.8 - 87861.4) + (301153.7 - 127077) )/ 2 )
=53322.9/( (109612.4+174076.7)/ 2 )
=53322.9/141844.55
=37.59 %

Waaree Energies's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=58233.6/( ( (0 - 0) + (301153.7 - 127077) )/ 1 )
=58233.6/( ( 0 + 174076.7 )/ 1 )
=58233.6/174076.7
=33.45 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 33.45% mean?
Waaree Energies (BOM:544277) has a ROCE % of 33.45% as of Mar. 2026.
Is Waaree Energies' ROCE % too high?
Waaree Energies' current ROCE % is 33.45%. The Semiconductors industry median ROCE % is 4.84. Waaree Energies' value of 33.45% is 591.1% above this industry median. Overall, Waaree Energies has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Waaree Energies' ROCE % compare to FSLR and NXT?
Waaree Energies' ROCE % of 33.45% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.84. Waaree Energies' value of 33.45% is 591.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Semiconductors company?
The median ROCE % among Semiconductors companies is 4.84, based on 1,015 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waaree Energies's current ROCE % of 33.45% is 591.1% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median ROCE % is 4.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Energies's current ROCE % is 33.45%. 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 ROCE % of 33.45%. The current ROCE % is 33.45% and 591.1% above the Semiconductors industry median of 4.84. Waaree Energies' overall GF Score™ is 48/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Waaree Energies (BOM:544277), the current ROCE % is 33.45% 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.
48GF Score

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