Waaree Energies Ltd.

Financial

	Waaree Energies	Websol Energy System	Premier Energies
Operational Metrics
Solar Power
Manufacturing Capacity - Solar Panels	12000.0 MW	250.0 MW	4100.0 MW
Solar Panel
Order Book - Solar/ Solar Panels	26500.0 MW	n/a	n/a
Financials
5 yr Average ROE	20.29 %	-17.58 %	9.9 %
5yr average Equity Multiplier	3.76	2.03	4.6
5yr Average Asset Turnover Ratio	1.37	0.41	0.71
5yr Avg Net Profit Margin	5.03 %	-113.3 %	1.97 %
Price to Book	14.48	31.31	19.78
P/E	56.72	123.32	196.52
5yr Avg Cash Conversion Cycle	44.77 Days	-715.5 Days	27.26 Days
Inventory Days	63.79 Days	145.35 Days	76.29 Days
Days Receivable	20.56 Days	17.52 Days	38.8 Days
Days Payable	68.69 Days	453.99 Days	114.71 Days
5yr Average Interest Coverage Ratio	6.47	-4.91	2.12
5yr Avg ROCE	22.68 %	-2.33 %	11.78 %
5yr Avg Operating Profit Margin	7.91 %	-13.4 %	8.07 %
5 yr average Debt to Equity	0.6	0.57	1.68
5yr CAGR Net Profit	96.99 %	n/a	58.02 %
5yr Average Return on Assets	5.8 %	-4.53 %	1.82 %
Shareholdings
Promoter Holding	64.3 %	27.71 %	64.25 %
Share Pledged by Promoters	0.0	91.76 %	0.0
Change in Promoter Holding (3 Yrs)	0.0	2.34 %	0.0
Change in Mutual Fund Holding (3 Yrs)	-0.11 %	0.0	1.49 %

Business

	Waaree Energies	Websol Energy System	Premier Energies
Product Wise Break-Up	Product Wise Break-Up Solar power products 89.39 Sale Engineering, Procurement and Construction 6.65 Sale of services 3.63 Generation of electricity from renewal 0.33 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	Product Wise Break-Up Solar power products 0 solar accessories and silicon wafers 0 Solar Modules 0 Solar cells 0 Sale of services 0 Generation of electricity from renewal 0 0 Engineering and service fees 0 Solar photo-Voltaic Cells and Modules 100.0 0	Product Wise Break-Up Solar power products 0 solar accessories and silicon wafers 0.78 Solar Modules 69.82 Solar cells 25.87 Sale of services 0 Generation of electricity from renewal 0 Construction and project related activity 3.28 Engineering and service fees 0.11 Solar photo-Voltaic Cells and Modules 0 0 Others 0.14
Segment Break-Up	Segment Break-Up Others 100	-	-
Location Wise Break-Up	Location Wise Break-Up India 79.0 Outside India 21.0	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	-	-