Waaree Renewable Technologies Ltd. stands out as one of India’s leading solar energy companies, driving the nation’s renewable energy revolution with cutting-edge technology and innovative solutions. With a strong foothold in the solar sector, the company is poised to benefit from increasing government support, rising demand for sustainable power, and continuous technological advancements. Recent analyses offer varied projections for Waaree’s share price by 2030, reflecting the dynamic market conditions and growth potential of the renewable energy industry. This article delves into these projections and the key factors influencing Waaree Renewables’ future valuation, providing investors and industry enthusiasts with critical insights into the company’s long-term outlook.
Table of Contents
Waaree Renewables Market Overview:
| Metric | Value |
|---|---|
| Market Cap | ₹ 10,021.74 Cr. |
| Enterprise Value | ₹ 9,914.92 Cr. |
| No. of Shares | 10.42 Cr. |
| P/E | 53.2 |
| Face Value | ₹ 2 |
| Div. Yield | 0.1 % |
| Book Value (TTM) | ₹ 35.80 |
| CASH | ₹ 116.82 Cr. |
| DEBT | ₹ 10 Cr. |
| Promoter Holding | 74.39 % |
| EPS (TTM) | ₹ 18.07 |
| Sales Growth | 153.81% |
| ROE | 80.88 % |
| ROCE | 107.22 % |
| Profit Growth | 150.71 % |
Waaree renewables share price target (2025 – 2030)
| Year | 1st Target (INR) | 2nd Target (INR) |
|---|---|---|
| 2025 | 1,800 | 2,500 |
| 2026 | 2,000 | 2,800 |
| 2027 | 2,300 | 3,200 |
| 2028 | 2,500 | 3,500 |
| 2029 | 2,800 | 4,000 |
| 2030 | 3,000 | 4,500 |
Waaree Renewables Share Price Target 2025
- Low: INR 1,800
- High: INR 2,500
In 2025, Waaree Renewables is expected to witness significant growth as the company strengthens its position in the renewable energy sector. The low target of INR 1,800 reflects moderate market conditions and steady operational performance, driven by increasing demand for clean energy solutions. On the other hand, the high target of INR 2,500 accounts for more aggressive expansion, driven by an increase in renewable energy adoption, government incentives, and successful project completions.
Waaree Renewables Share Price Target 2026
- Low: INR 2,000
- High: INR 2,800
By 2026, Waaree Renewables is likely to experience continued growth due to the scaling up of its operations. The low target of INR 2,000 reflects a solid but cautious market sentiment, with expected challenges in the form of global economic factors and competition. The high target of INR 2,800 represents a more optimistic scenario, where Waaree successfully taps into new markets and further establishes itself as a leader in the solar and renewables space.
Waaree Renewables Share Price Target 2027
- Low: INR 2,300
- High: INR 3,200
In 2027, Waaree Renewables’ share price could rise substantially as the company benefits from the expansion of renewable energy adoption across India and globally. The low target of INR 2,300 reflects a stable market environment, while the high target of INR 3,200 factors in aggressive growth, potential international expansions, and favorable regulatory conditions that encourage more investment in the renewable energy sector.
Waaree Renewables Share Price Target 2028
- Low: INR 2,500
- High: INR 3,500
By 2028, Waaree Renewables is expected to become a more dominant player in the industry, with greater diversification in its renewable energy portfolio. The low target of INR 2,500 assumes the company will continue to deliver solid results in the face of market fluctuations. The high target of INR 3,500 reflects the company’s potential for large-scale project completions, global market reach, and advancements in energy technology, positioning Waaree as a key global player.
Waaree Renewables Share Price Target 2029
- Low: INR 2,800
- High: INR 4,000
In 2029, Waaree Renewables could see its stock rise significantly due to ongoing international market penetration and high investor confidence in the future of renewable energy. The low target of INR 2,800 reflects steady growth, while the high target of INR 4,000 reflects expectations of breakthrough technological innovations, increased demand for renewable energy, and favorable government policies driving further investments in solar power projects.
Waaree Renewables Share Price Target 2030
- Low: INR 3,000
- High: INR 4,500
By 2030, Waaree Renewables is expected to be a major force in the global renewable energy market. The low target of INR 3,000 assumes the company’s continued growth trajectory, with substantial market share in the solar and renewable sectors. The high target of INR 4,500 accounts for the company’s potential leadership position in the industry, scaling up to new markets, and capitalizing on future renewable energy trends, which will likely drive the stock to new heights.
Peers Comparisions:
| Company | Price (₹) | Market Cap (₹ Cr.) | P/E | EPS (₹) | ROE (%) | ROCE (%) |
|---|---|---|---|---|---|---|
| Indian Energy Exch | 169.65 | 15,130.24 | 38.04 | 4.46 | 40.17 | 53.06 |
| Acme Solar Holdings | 207.70 | 12,544.08 | 29.90 | 6.93 | 16.83 | 16.69 |
| Nava | 432 | 12,478.66 | 31.92 | 13.47 | 6.07 | 8.20 |
| Inox Wind Energy | 9,183.50 | 10,973.41 | 12.72 | 716.19 | 67.78 | 65.79 |
| JP Power Ventures | 14.87 | 10,184.24 | 11.22 | 1.33 | 9.37 | 8.72 |
| Waaree Renewables | 961.35 | 10,021.74 | 53.20 | 18.07 | 80.88 | 107.22 |
| Reliance Infra | 234.25 | 9,271.45 | 14.28 | 16.39 | -28.26 | -11.94 |
| GMR Power and Urban | 100.10 | 7,157.66 | 6.72 | 14.91 | 139.86 | 25.68 |
| RattanIndia Power | 10.97 | 5,880.27 | 0 | -1.87 | -20.18 | -5.46 |
| PTC India | 137.10 | 4,055.02 | 11.00 | 12.45 | 8.91 | 11.34 |
Shareholding Pattern of Waaree Renewables
The shareholding pattern of Waaree Renewables provides insights into the distribution of equity among various stakeholders.
| Category | Percentage (%) | Remarks |
|---|---|---|
| Promoters | 74.46% | Strong insider confidence in the business’s future |
| Retail and Others | 24.70% | Significant holding by individual and retail investors |
| Foreign Institutions (FII/FPI) | 0.83% | Modest participation by foreign institutional investors |
| Other Domestic Institutions | 0.01% | Minimal holding by domestic institutional investors |
The high promoter holding of 74.46% reflects strong insider confidence in the company’s future. Retail and individual investors collectively hold 24.70% of the shares, while foreign institutional investment remains relatively modest at 0.83%. This distribution highlights a company with substantial internal ownership and growing interest from institutional investors.
Profit & Loss Account:
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Net Sales | 1.98 | 7.60 | 153.56 | 341.73 | 867.36 |
| Total Expenditure | 1.93 | 4.85 | 140.33 | 265.75 | 668.46 |
| Operating Profit | 0.04 | 2.75 | 13.23 | 75.98 | 198.90 |
| Other Income | 3.11 | 3.69 | 14.35 | 5.18 | 7.83 |
| Interest | 3.38 | 3.62 | 1.47 | 1.18 | 3.86 |
| Depreciation | 0.16 | 0.16 | 0.16 | 0.18 | 2.58 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0.40 | 2.66 | 25.95 | 79.81 | 200.29 |
| Provision for Tax | -0.21 | 0.32 | 5.55 | 20.40 | 51.35 |
| Net Profit | -0.19 | 2.34 | 20.40 | 59.41 | 148.94 |
| Adjusted EPS (₹) | -0.02 | 0.22 | 1.96 | 5.71 | 14.30 |
Frequently Asked Questions
Why are Waaree Renewables falling?
Waaree Renewables’ stock price could be falling due to several factors, including market conditions, investor sentiment, financial performance, or regulatory challenges. Negative news related to the company or the renewable energy sector, competition, or broader economic factors could also contribute to the decline.
Are Waaree Energies and Waaree Renewables the same?
Yes, Waaree Energies and Waaree Renewables are part of the same group, but they focus on different aspects of the renewable energy industry. Waaree Renewables deals with solar power and renewable energy solutions, while Waaree Energies primarily focuses on the manufacturing of solar panels and other solar-related products.
Can I buy Waaree Renewables share?
Yes, you can buy Waaree Renewables shares on the stock exchange (NSE or BSE) through a registered stockbroker or an online trading platform. Ensure you have a Demat and trading account to buy and sell stocks.
What does Waaree Renewables do?
Waaree Renewables is involved in the renewable energy sector, primarily focusing on solar energy. The company designs, manufactures, and installs solar power systems and solutions, catering to both residential and industrial needs.
Why is Waaree Renewables share price increasing?
The share price of Waaree Renewables may increase due to a positive outlook in the renewable energy sector, increasing government support for solar power, successful business strategies, and the company’s strong financial performance. Growing demand for solar energy and advancements in technology could also play a significant role.
Why is Waaree Renewables share price going down?
If the share price of Waaree Renewables is declining, it could be due to a variety of reasons, such as a poor earnings report, lower-than-expected revenue or profits, competition, regulatory challenges, or negative news impacting the renewable energy sector. Investors may also react to broader market conditions or macroeconomic factors.
Why is Waaree Renewables share price increasing?
The share price of Waaree Renewables could be increasing due to positive developments, such as strong financial results, successful implementation of large solar projects, favorable government policies, or a growing demand for renewable energy solutions. Additionally, positive investor sentiment or news about the company’s expansion could also drive the price up.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as financial advice or a recommendation to buy or sell securities. The content is based on publicly available information, and while we strive to ensure accuracy, we do not guarantee the completeness or correctness of any information provided.
Investing in stocks involves risk, and you should conduct your own research or consult with a qualified financial advisor before making any investment decisions. The stock market is subject to fluctuations, and past performance is not indicative of future results.
