Waaree Energies Ltd. benchmarking: Perfomance to industry peers

Financial

	Waaree Energies	Websol Energy System	Premier Energies
Operational Metrics
Renewable
Manufacturing Capacity - Solar Panels	15000.0 MW	250.0 MW	5100.0 MW
Solar Panel
Order Book - Solar/ Solar Panels	24000.0 MW	n/a	n/a
Financials
5 yr Average ROE	21.43 %	-7.11 %	14.56 %
5yr average Equity Multiplier	3.54	1.9	4.16
5yr Average Asset Turnover Ratio	1.09	0.51	0.76
5yr Avg Net Profit Margin	7.19 %	-108.34 %	4.45 %
Price to Book	7.0	8.09	9.64
P/E	24.59	13.96	25.02
5yr Avg Cash Conversion Cycle	27.12 Days	-64.79 Days	16.65 Days
Inventory Days	70.85 Days	140.17 Days	74.11 Days
Days Receivable	27.24 Days	1.69 Days	39.47 Days
Days Payable	68.44 Days	443.58 Days	109.41 Days
5yr Average Interest Coverage Ratio	9.51	-2.45	3.3
5yr Avg ROCE	23.79 %	7.84 %	16.49 %
5yr Avg Operating Profit Margin	10.75 %	-4.89 %	11.92 %
5 yr average Debt to Equity	0.51	0.56	1.48
5yr CAGR Net Profit	109.21 %	25.66 %	109.04 %
5yr Average Return on Assets	6.81 %	1.22 %	4.21 %
Shareholdings
Promoter Holding	64.22 %	27.71 %	63.94 %
Share Pledged by Promoters	0.0	88.12 %	0.0
Change in Promoter Holding (3 Yrs)	-0.08 %	0.94 %	-0.31 %
Change in Mutual Fund Holding (3 Yrs)	0.13 %	0.29 %	3.86 %

	Waaree Energies	Websol Energy System	Premier Energies
Product Wise Break-Up	Product Wise Break-Up Solar power products 86.38 Sale Engineering, Procurement and Construction 10.5 Sale of services 2.42 Generation of electricity from renewal 0.23 Solar photo-Voltaic Cells and Modules 0 Engineering and service fees 0 0 solar accessories and silicon wafers 0 Solar Modules 0 Solar cells 0 Others 0.47	Product Wise Break-Up Solar cells 0 Engineering and service fees 0 0 Sale of services 0 Solar power products 0 Generation of electricity from renewal 0 solar accessories and silicon wafers 0 0 Solar photo-Voltaic Cells and Modules 100.0 Solar Modules 0	Product Wise Break-Up Solar cells 25.87 Engineering and service fees 0.11 Construction and project related activity 3.28 Sale of services 0 Solar power products 0 Generation of electricity from renewal 0 solar accessories and silicon wafers 0.78 0 Solar photo-Voltaic Cells and Modules 0 Solar Modules 69.82 Others 0.14
Segment Break-Up	Segment Break-Up Others 100	-	-
Location Wise Break-Up	Location Wise Break-Up India 83.28 Outside India 16.72	Location Wise Break-Up India 100.0 Outside India 0	Location Wise Break-Up India 99.9 Outside India 0.1
Operating Profit Break-Up	Operating Profit Break-Up Others 100	-	-
Asset Break-Up - Segment Wise	Asset Break-Up - Segment Wise Others 100	-	-