StoxAshok Leyland vs Waaree Energies: share price & financials comparison
NSE: ASHOKLEY vs WAAREEENER · Capital Goods · as of 13 Nov 2026
Both prices rebased to 100 at the start of the selected period.
Ashok Leyland vs Waaree Energies at a glance
Ashok Leyland (ASHOKLEY) has a market capitalisation of ₹99,386 Cr, against ₹73,236 Cr for Waaree Energies (WAAREEENER). Over the past year Ashok Leyland has returned +20.5%, compared with -24.4% for Waaree Energies. On valuation, Waaree Energies trades at a lower P/E of 27.7 versus 28.6. Ashok Leyland earns a higher return on equity (24.4% vs 16.5%). Ashok Leyland comes out ahead on momentum and technicals. Waaree Energies comes out ahead on size, valuation, profitability and financial health. Across the scored metrics below, Ashok Leyland leads on 7 and Waaree Energies on 7. On StoxGud's 10-point checklist, Ashok Leyland scores 6/10 and Waaree Energies scores 6/10.
| Metric | Ashok Leyland | Waaree Energies |
|---|---|---|
| Size | ||
| Market cap | ₹99,386 Cr | ₹73,236 Cr |
| Revenue (latest FY) | ₹56,362 Cr | ₹26,537 Cr |
| Net profit (latest FY) | ₹3,471 Cr | ₹3,711 Cr |
| Valuation | ||
| P/E | 28.6 | 27.7 |
| P/B | 6.98 | 4.57 |
| Dividend yield | 1.85% | 0.08% |
| Profitability | ||
| Return on equity | 24.4% | 16.5% |
| Net profit margin | 6.0% | 8.4% |
| Operating margin | 19.0% | 19.9% |
| Growth | ||
| Revenue growth (YoY) | +11.6% | +23.9% |
| Net profit growth (YoY) | +0.8% | -14.7% |
| Revenue CAGR (multi-year) | +23.7% | — |
| Financial health | ||
| Debt to equity | 4.49 | 0.28 |
| Momentum | ||
| 1-month return | +14.8% | +3.9% |
| 1-year return | +20.5% | -24.4% |
| 3-year CAGR | +24.8% | — |
| 5-year CAGR | +17.4% | — |
| 10-year CAGR | +15.1% | — |
| Distance from 52W high | -20.2% | -27.3% |
| Technicals | ||
| RSI (14) | 79 | 68 |
| Price vs 200-day avg | +0.8% | -9.9% |
Highlighted cells lead on that metric. Market cap, revenue and RSI are shown for context and not scored.
10-point checklist side by side
| Check | Ashok Leyland | Waaree Energies |
|---|---|---|
| Price above 50-day average | ✓ | ✓ |
| Price above 200-day average | ✓ | ✗ |
| 50-day average above 200-day (uptrend) | ✗ | ✗ |
| RSI in healthy 40–70 zone | ✗ | ✓ |
| Positive 1-year return | ✓ | ✗ |
| Return on equity above 15% | ✓ | ✓ |
| Debt to equity below 1 | ✗ | ✓ |
| Revenue growing year on year | ✓ | ✓ |
| Net profit margin above 10% | ✗ | ✗ |
| P/E below industry median | ✓ | ✓ |
| Score | 6/10 | 6/10 |
A rules-based screen for education only — not a buy or sell recommendation.
FAQs
Which is bigger, Ashok Leyland or Waaree Energies?
Ashok Leyland has a market cap of ₹99,386 Cr and Waaree Energies has a market cap of ₹73,236 Cr as of 13 Nov 2026.
Which has a lower P/E, Ashok Leyland or Waaree Energies?
Waaree Energies has the lower P/E: Ashok Leyland trades at 28.6 and Waaree Energies at 27.7.
Which gave better returns in the last year, Ashok Leyland or Waaree Energies?
Ashok Leyland did better: Ashok Leyland returned +20.5% and Waaree Energies returned -24.4% over one year.
What is the difference between Ashok Leyland and Waaree Energies?
Both are NSE-listed companies in Capital Goods. Ashok Leyland is about 1.4 times the size of Waaree Energies by market cap. In the latest financial year Ashok Leyland reported revenue of ₹56,362 Cr and Waaree Energies ₹26,537 Cr. Operating margin is 19.0% for Ashok Leyland and 19.9% for Waaree Energies. Debt to equity is 4.49 for Ashok Leyland and 0.28 for Waaree Energies.
Which is better, Ashok Leyland or Waaree Energies?
It depends on what you are looking for, and StoxGud does not recommend either stock. On the metrics compared above, Ashok Leyland leads on 7 and Waaree Energies on 7. Ashok Leyland is ahead on momentum and technicals. Waaree Energies is ahead on size, valuation, profitability and financial health. On StoxGud's rules-based checklist Ashok Leyland scores 6/10 and Waaree Energies scores 6/10. This is information, not advice: consult a SEBI-registered adviser before investing.