In ₹ Crore except Per Share Latest Annual	RACE FY26	CEWATER FY26	AWHCL FY26	EMSLIMITED FY26	Peer Average
Valuation — at last close
P/E	24.81×	24.41×	◆ 10.80×	17.83×	17.68× +40%
P/B	2.44×	◆ 0.84×	1.10×	1.53×	1.16× +111%
EV/EBITDA	18.86×	15.50×	◆ 6.30×	12.19×	11.33× +66%
Market Cap	₹181 Cr	₹482 Cr	₹815 Cr	₹1,614 Cr	₹970 Cr -81%
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)	◆ 21.91%	-16.65%	5.52%	-34.18%	-15.10% +245%
Net Income YoY (latest Q)	◆ 150.23%	-526.54%	-96.74%	-59.30%	-227.53% +166%
Profitability
EBITDA Margin	2.30%	6.57%	◆ 19.51%	19.16%	15.08% -85%
Net Income Margin	1.18%	3.54%	8.71%	◆ 12.45%	8.23% -86%
Return on Common Equity	10.01%	3.58%	◆ 10.79%	8.91%	7.76% +29%
Return on Capital Employed	◆ 14.89%	3.42%	9.23%	11.59%	8.08% +84%
Return on Assets	3.67%	2.19%	5.41%	◆ 7.31%	4.97% -26%
Credit & Quality
Total Debt/Equity	1.04×	0.26×	0.46×	◆ 0.15×	0.29× +259%
Interest Coverage	1.51×	0.96×	1.97×	◆ 9.83×	4.25× -64%
Scale — latest FY
Revenue / Total Income	₹619 Cr	₹558 Cr	₹1,053 Cr	₹733 Cr	₹781 Cr -21%
Net Income	₹7.3 Cr	₹19.8 Cr	₹91.7 Cr	₹91.2 Cr	₹67.6 Cr -89%
Total Assets	₹216 Cr	₹952 Cr	₹1,739 Cr	₹1,331 Cr	₹1,340 Cr -84%
EPS	₹4.23	₹9.55	₹26.59	₹16.3	₹17.48 -76%
Book Value per Share	₹42.95	₹276.17	₹260.43	₹190.06	₹242.22 -82%

◆ 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%.