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ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Waaree Renewable Technologies ROE % Related Terms
Waaree Renewable Technologies ROE % 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.
For the Engineering & Construction subindustry, Waaree Renewable Technologies's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Construction Industry
For the Construction industry and Industrials sector, Waaree Renewable Technologies's ROE % distribution charts can be found below:
* The bar in red indicates where Waaree Renewable Technologies's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Waaree Renewable Technologies (BOM:534618) has a ROE % of 66.67% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Waaree Renewable Technologies and its competitors. This is 294% above median its historical median of 16.94. According to the industry distribution chart, Waaree Renewable Technologies ranks #32 out of 1747 companies in the Construction industry, placing it in the top 1.8%.
Is Waaree Renewable Technologies' ROE % too high?
Waaree Renewable Technologies' current ROE % of 66.67% is 294% above median its 10-year median of 16.94. The Construction industry median ROE % is 6.74. Waaree Renewable Technologies' value of 66.67% is 889.2% above this industry median. Based on the distribution chart, Waaree Renewable Technologies ranks #32 out of 1747 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Waaree Renewable Technologies has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Waaree Renewable Technologies' ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, Waaree Renewable Technologies ranks #32 out of 1747 companies for ROE %. This places Waaree Renewable Technologies in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 6.74. Waaree Renewable Technologies' value of 66.67% is 889.2% above this benchmark. While the company's 10-year median is 16.94 vs. the industry median of 6.74, Waaree Renewable Technologies 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 ROE % for a Construction company?
The median ROE % among Construction companies is 6.74, based on 1,747 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waaree Renewable Technologies's current ROE % of 66.67% is 889.2% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Waaree Renewable Technologies and its competitors. For the Construction industry, the median ROE % is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Renewable Technologies's current ROE % is 66.67%, which is 294% above median its own 10-year median of 16.94. 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 ₹2,412.54, compared to a current price of ₹998.60 — trading 58.6% below its estimated fair value. The current ROE % is 66.67%, which is 294% above median its 10-year median of 16.94 and 889.2% above the Construction industry median of 6.74. Waaree Renewable Technologies' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Waaree Renewable Technologies (BOM:534618), the current ROE % is 66.67% 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 ₹998.60 is trading 58.6% below its estimated GF Value™ of ₹2,412.54.
GuruFocus considers Waaree Renewable Technologies to be Possible Value Trap.
Key valuation signals for BOM:534618:
ROE %: 66.67% (294% above median its 10-year median of 16.94)
GF Value™: ₹2,412.54 vs. price of ₹998.60 (58.6% below fair value)
Industry Position: 889.2% above the Construction median (#32 of 1747)
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.
79GF Score
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