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Cable & Electrical Goods

WAVESAPP Waves Home Appliances Limited

Latest results: FY2025 · Dec 2025

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Last close · 16 Oct 2026

Rs 7.26 -1.22%

Valuation · at the close on 16 Oct 2026

Waves Home Appliances Limited (WAVESAPP) valuation

At Rs 7.26 (close on 16 Oct 2026) WAVESAPP trades at 9.9× earnings (FY2025), below its five-year average of 46.0× and above the Cable & Electrical Goods median of 9.9×. The shares are priced at 0.23× book value (sector median 0.60×). Enterprise value of Rs 6.5 bn is 6.0× EBITDA.

P/E · today
9.9×
FY2025
5-yr average46.0× Sector median9.9×
P/B · today
0.23×
FY2025
5-yr average— Sector median0.60×
EV/EBITDA · today
6.0×
5-yr average— Sector median6.0×
Dividend yield · today
0.0%
FY2025
5-yr average— Payers' median—

Market value Rs 1.9 bn at Rs 7.26. Sector medians use the latest close of 7 Cable & Electrical Goods companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average
P/E history 141.8× 70.9× 0.0× P/E at fiscal year-end FY19: 0.9× P/E at fiscal year-end FY22: 131.3× P/E at fiscal year-end FY23: 18.8× P/E at fiscal year-end FY24: 20.6× P/E at fiscal year-end FY25: 13.1× FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Valuation history

At each fiscal year-end price.

WAVESAPP valuation history (annual) (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jul 2020 – Jun 2021 FY2020 Jul 2019 – Jun 2020 FY2019 Jul 2018 – Jun 2019 FY2018 Jul 2017 – Jun 2018 FY2017 Jul 2016 – Jun 2017 FY2016 Jul 2015 – Jun 2016
Market capitalisation 2,499.4 3,244.1 2,247.6 78.9 265.9 79.9 80.2 112.3 183.6 192.7
Enterprise value 7,106.3 7,827.5 5,636.0 3,960.2 265.9 177.4 184.9 902.9 876.5 902.6
Share price (period end) Rs 9.63 12.11 8.39 6.64 22.39 6.73 6.75 9.45 15.46 16.22
P/E (diluted) 13.14× 20.59× 18.82× 131.28× — — 0.85× — — —
Price to book 0.31× 0.41× 0.30× 0.24× — — — — 0.42× 0.29×
Price to sales 0.68× 1.03× 0.54× 0.24× — — 1.79× 0.28× 0.19× 0.15×
EV / EBITDA 6.56× 7.71× 7.74× 4.16× — 15.65× 56.24× — — 20.66×
EV / Sales 1.94× 2.47× 1.35× 0.53× — — 4.13× 2.28× 0.90× 0.71×
Dividend yield (gross) 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Free cash flow yield (0.0%) (4.9%) 5.9% 40.9% (12.3%) (10.0%) (202.5%) (142.0%) (13.0%) (190.3%)
PEG ratio 0.46× 0.66× 0.02× — — — 0.01× — — —
P/E (diluted, normalised) 13.14× 20.47× 26.52× 131.30× — — 0.88× — — —
Price to book — 5-year average — — — — 9.37× 0.82× — — — —
Dividend yield — 5-year average — — — — 0.0% 0.0% — — — —

WAVESAPP valuation: frequently asked questions

What is WAVESAPP's P/E ratio?

At the closing price of Rs 7.26 on 16 Oct 2026, WAVESAPP trades at a P/E of 9.9× based on EPS of Rs 0.73 (FY2025).

What is WAVESAPP's book value per share?

Waves Home Appliances Limited's book value per share was Rs 31.19 at the end of FY2025. The shares trade at 0.23× book value.

Information only, not investment advice.