Suzlon vs Torrent Power vs Waaree Energies: Which Stock Should You Track

Suzlon Energy vs Torrent Power vs Waaree Energies starts with the core numbers most investors compare within the Power and Renewable Energy segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the Power and Renewable Energy bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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Suzlon Energy, Torrent Power and Waaree Energies: Company Overview

Suzlon Energy is a listed Indian company in the Power and Renewable Energy space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Torrent Power is a listed Indian company in the Power and Renewable Energy space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Waaree Energies is a listed Indian company in the Power and Renewable Energy space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Suzlon Energy vs Torrent Power vs Waaree Energies: Valuation and Profitability Snapshot

Metric	Suzlon Energy	Torrent Power	Waaree Energies
Market Cap (approx.)	Rs 58,662 crore	Rs 62,746 crore	Rs 71,999 crore
PE Ratio (TTM)	18.62	26.26	17.99
PB Ratio	6.21	3.29	4.99
Return on Equity (ROE)	33.43%	12.67%	25.71%
EPS (TTM, Rs)	2.31	47.42	139.17
Dividend Yield	0.00%	1.61%	0.16%
Debt to Equity	0.06	0.73	0.22
Book Value per Share (Rs)	6.93	378.55	501.90

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On valuation, Suzlon Energy trades at a PE of 18.62 and a PB of 6.21, Torrent Power at a PE of 26.26 and a PB of 3.29, while Waaree Energies trades at a PE of 17.99 and a PB of 4.99. On return on equity, the three post 33.43%, 12.67% and 25.71% respectively, and on dividend yield they stand at 0.00%, 1.61% and 0.16%.

Suzlon Energy vs Torrent Power vs Waaree Energies: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
Suzlon Energy	Rs 3,862.53 crore	Rs 305.22 crore	+22.0%	-30.0%
Torrent Power	Rs 8,204.81 crore	Rs 661.85 crore	+2.4%	+26.7%
Waaree Energies	Rs 8,102.60 crore	Rs 891.87 crore	+76.3%	-6.4%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three power and renewable energy names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

Suzlon Energy vs Torrent Power vs Waaree Energies highlights how differently three companies in the same power and renewable energy segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Suzlon Energy vs Torrent Power vs Waaree Energies

What is the market cap difference between Suzlon Energy, Torrent Power and Waaree Energies?

Ans. As of October 2026, Suzlon Energy has a market cap of approximately Rs 58,662 crore, Torrent Power is at approximately Rs 62,746 crore, and Waaree Energies is at approximately Rs 71,999 crore.

Which of the three has the highest PE ratio?

Ans. Among Suzlon Energy, Torrent Power and Waaree Energies, the PE ratios stand at 18.62, 26.26 and 17.99 respectively as of October 2026.

Which of the three has the highest ROE?

Ans. Suzlon Energy, Torrent Power and Waaree Energies post ROE of 33.43%, 12.67% and 25.71% respectively as of October 2026.

Which of these three stocks pays the highest dividend yield?

Ans. Suzlon Energy, Torrent Power and Waaree Energies carry dividend yields of 0.00%, 1.61% and 0.16% respectively.

What is the debt to equity ratio for Suzlon Energy, Torrent Power and Waaree Energies?

Ans. Suzlon Energy carries a debt to equity of 0.06, Torrent Power of 0.73, and Waaree Energies of 0.22.

Which of the three trades at the highest price to book value?

Ans. Suzlon Energy, Torrent Power and Waaree Energies trade at price to book ratios of 6.21, 3.29 and 4.99 respectively.

Is one of Suzlon Energy, Torrent Power or Waaree Energies better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.