In ₹ Crore except Per Share Latest Annual	CEWATER FY26	AWHCL FY26	RACE FY26	EMSLIMITED FY26	Peer Average
Valuation — at last close
P/E	24.41×	◆ 10.80×	24.81×	17.83×	17.81× +37%
P/B	◆ 0.84×	1.10×	2.44×	1.53×	1.69× -50%
EV/EBITDA	15.50×	◆ 6.30×	18.86×	12.19×	12.45× +25%
Market Cap	₹482 Cr	₹815 Cr	₹181 Cr	₹1,614 Cr	₹870 Cr -45%
Growth
Revenue CAGR 3Y	—	7.17%	—	—	7.17%
Revenue CAGR 5Y	—	17.76%	—	—	17.76%
Net Income CAGR 3Y	—	2.75%	—	—	2.75%
Revenue YoY (latest Q)	-16.65%	5.52%	◆ 21.91%	-34.18%	-2.25% -640%
Net Income YoY (latest Q)	-526.54%	-96.74%	◆ 150.23%	-59.30%	-1.94% -27088%
Profitability
EBITDA Margin	6.57%	◆ 19.51%	2.30%	19.16%	13.66% -52%
Net Income Margin	3.54%	8.71%	1.18%	◆ 12.45%	7.45% -52%
Return on Common Equity	3.58%	◆ 10.79%	10.01%	8.91%	9.90% -64%
Return on Capital Employed	3.42%	9.23%	◆ 14.89%	11.59%	11.90% -71%
Return on Assets	2.19%	5.41%	3.67%	◆ 7.31%	5.46% -60%
Credit & Quality
Total Debt/Equity	0.26×	0.46×	1.04×	◆ 0.15×	0.55× -53%
Interest Coverage	0.96×	1.97×	1.51×	◆ 9.83×	4.44× -78%
Scale — latest FY
Revenue / Total Income	₹558 Cr	₹1,053 Cr	₹619 Cr	₹733 Cr	₹802 Cr -30%
Net Income	₹19.8 Cr	₹91.7 Cr	₹7.3 Cr	₹91.2 Cr	₹63.4 Cr -69%
Total Assets	₹952 Cr	₹1,739 Cr	₹216 Cr	₹1,331 Cr	₹1,095 Cr -13%
EPS	₹9.55	₹26.59	₹4.23	₹16.3	₹15.71 -39%
Book Value per Share	₹276.17	₹260.43	₹42.95	₹190.06	₹164.48 +68%

◆ best value in the comp set per metric · Δ = subject vs average of the other companies.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.