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Waaree EnergiesBOM:544277 -1.39%49 ROE % is 29.40% as of Mar. 2026, which is 0% above its 10-year median of 29.29. GuruFocus rates BOM:544277 with a GF Score™ of 49/100. The stock has 2 warning signs investors should review. Among 1,001 Semiconductors companies, Waaree Energies ranks better than 93.61% on this metric.
The historical rank and industry rank for Waaree Energies's ROE % or its related term are showing as below:
BOM:544277'
s ROE % Range Over the Past 10 Years
Min: 13.22 Med: 29.29 Max: 42.61
Current: 31.45
During the past 6 years, Waaree Energies's highest ROE % was 42.61%. The lowest was 13.22%. And the median was 29.29%.
BOM:544277's ROE % is ranked better than 93.61% of 1001
companies
in the Semiconductors industry
Industry Median: 4.65
vs BOM:544277: 31.45
Waaree Energies (BOM:544277) ROE % Explanation
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 Energies ROE % Related Terms
Waaree Energies ROE % Historical Data
* Premium members only.
The historical data trend for Waaree Energies's ROE % 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 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 Energies ROE % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Waaree Energies's ROE % distribution charts can be found below:
* The bar in red indicates where Waaree Energies'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 Energies (BOM:544277) has a ROE % of 29.40% 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 Energies and its competitors. This is near median its historical median of 29.29. Over the past decade, Waaree Energies' ROE % has ranged from 13.22 to 42.61. According to the industry distribution chart, Waaree Energies ranks #64 out of 1001 companies in the Semiconductors industry, placing it in the top 6.4%.
Is Waaree Energies' ROE % too high?
Waaree Energies' current ROE % of 29.40% is near median its 10-year median of 29.29. Over the past 10 years, this metric has ranged from a low of 13.22 to a high of 42.61. The Semiconductors industry median ROE % is 4.65. Waaree Energies' value of 29.40% is 532.3% above this industry median. Based on the distribution chart, Waaree Energies ranks #64 out of 1001 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' ROE % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Waaree Energies ranks #64 out of 1001 companies for ROE %. This places Waaree Energies in the top 6% of its industry — outperforming the majority of peers. The industry median ROE % is 4.65. Waaree Energies' value of 29.40% is 532.3% above this benchmark. Historically, Waaree Energies' own ROE % has ranged from 13.22 to 42.61 over the past decade. While the company's 10-year median is 29.29 vs. the industry median of 4.65, 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 ROE % for a Semiconductors company?
The median ROE % among Semiconductors companies is 4.65, based on 1,001 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 Energies's current ROE % of 29.40% is 532.3% 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 Energies and its competitors. For the Semiconductors industry, the median ROE % is 4.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waaree Energies's current ROE % is 29.40%, which is near median its own 10-year median of 29.29. 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 ROE % of 29.40%. The current ROE % is 29.40%, which is near median its 10-year median of 29.29 and 532.3% above the Semiconductors industry median of 4.65. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Waaree Energies (BOM:544277), the current ROE % is 29.40% 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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