Waaree Renewables Share Price Target 2024, 2025, 2030, 2040, 2050
Waaree Renewables Technologies Ltd (BOM: 534618) is a major participant in the Indian renewable energy industry. This study uses technical analysis, financial performance data, and industry trends to examine Waaree Renewables’ near- and long-term share price projections.
What is Waaree Renewable Technologies Ltd BOM: 534618?
Contents
- 1 What is Waaree Renewable Technologies Ltd BOM: 534618?
- 2 Waaree Renewables share price Target Tomorrow
- 3 Waaree Renewables share price Target 2024
- 4 Waaree Renewables share price Target 2025
- 5 share price Target 2030
- 6 Share Price Target 2050
- 7 Should I buy Waaree Renewables stock?
- 8 Waaree Renewable Technologies Ltd earning results
- 9 Expert forecasts on the future of Waaree Renewable Technologies Ltd.
- 10 Is Waaree Renewables stock good to buy? (bull case & bear case)
- 11 Conclusion
- 12 FAQs
Waaree Renewable Technologies Ltd. is a renowned Indian EPC firm focusing on solar power projects. Established in 1989 and based in Mumbai, the corporation participates in solar power plant development, construction, and operation in India.
Fundamental Table
| Metric | Value |
| Market Cap | ₹15,999.59 Crore |
| P/E Ratio | 91.75 |
| Book Value | ₹28.90 |
| Face Value | ₹2 |
| 52 Week High | ₹3,058.63 |
| 52 Week Low | ₹226.32 |
| ROCE | 63.49% |
| ROE | 63.78% |
| Debt to Equity | 0.18 |
| Minimum Price (INR) | Maximum Price (INR) |
| -19.58 | +17.27 |
Expected share price projections for Waaree Renewables tomorrow range from -₹19.58 to +₹17.27.
One of the biggest renewable energy brands is Waaree Renewable Technologies Ltd. They create and test their solar power devices themselves. Their diverse product line strengthens them in the market. With over 500 staff, they have current technologies. Their goal is to provide quality items at a fair price. For 2024, the price goal is ₹2,131.20.
Our research predicts a price range of ₹400 to ₹2200.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 400 | 2200 |
| Month (2024) | Minimum Price (₹) | Maximum Price (₹) |
| January | 400 | 800 |
| February | 700 | 1200 |
| March | 1100 | 1600 |
| April | 1300 | 2900 |
| May | 1600 | 3000 |
| June | 1700 | 2300 |
| July | 1500 | 2200 |
| August | 1200 | 1700 |
| September | 1200 | 1800 |
| October | 1300 | 1900 |
| November | 1400 | 2100 |
| December | 1300 | 2200 |
Analysts expect Waaree Renewables to expand in 2025. Value generation should increase as the firm expands its product range and market reach. The Indian renewable energy market is expected to increase, helping Waaree Renewables.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2025 | 1,391.62 | 3,439.04 |
| Month (2025) | Minimum Price (₹) | Maximum Price (₹) |
| January | 1,391.62 | 2,990.11 |
| February | 1,419.45 | 3,106.32 |
| March | 1,447.84 | 3,213.90 |
| April | 1,476.80 | 3,325.00 |
| May | 1,506.33 | 3,439.04 |
| June | 1,536.46 | 3,556.12 |
| July | 1,567.19 | 3,676.32 |
| August | 1,598.53 | 3,799.73 |
| September | 1,630.50 | 3,926.42 |
| October | 1,663.11 | 4,056.48 |
| November | 1,696.38 | 4,190.00 |
| December | 1,730.30 | 4,327.07 |
Waaree Renewables should profit from India 2030 renewable energy ambitions. Companies in this area benefit from the government’s aim of 500 GW of renewable energy capacity by 2030.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2030 | 2,622.39 | 9,495.30 |
| Month (2030) | Minimum Price (₹) | Maximum Price (₹) |
| January | 2,622.39 | 8,290.10 |
| February | 2,778.73 | 8,621.70 |
| March | 2,945.46 | 8,966.57 |
| April | 3,123.19 | 9,325.23 |
| May | 3,312.58 | 9,495.30 |
| June | 3,514.33 | 9,875.11 |
| July | 3,729.19 | 10,270.12 |
| August | 3,957.94 | 10,680.92 |
| September | 4,201.42 | 11,108.16 |
| October | 4,460.50 | 11,552.48 |
| November | 4,736.13 | 12,014.58 |
| December | 5,029.30 | 12,495.17 |
Long-term predictions may estimate growth trajectories, but they are unpredictable. If the renewable energy industry grows and Waaree Renewables maintains its market position in 2040 and 2050:
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2050 | 14,000.00 | 16,000.00 |
| Month (2050) | Minimum Price (₹) | Maximum Price (₹) |
| January | 14,000.00 | 14,166.67 |
| February | 14,153.85 | 14,333.33 |
| March | 14,307.69 | 14,500.00 |
| April | 14,461.54 | 14,666.67 |
| May | 14,615.38 | 14,833.33 |
| June | 14,769.23 | 15,000.00 |
| July | 14,923.08 | 15,166.67 |
| August | 15,076.92 | 15,333.33 |
| September | 15,230.77 | 15,500.00 |
| October | 15,384.62 | 15,666.67 |
| November | 15,538.46 | 15,833.33 |
| December | 15,692.31 | 16,000.00 |
Should I buy Waaree Renewables stock?
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 400 | 2200 |
| 2025 | 1,391.62 | 3,439.04 |
| 2030 | 2,622.39 | 9,495.30 |
| 2040 | 8,000.00 | 8,500.00 |
| 2050 | 14,000.00 | 16,000.00 |
Waaree Renewables is profitable and operates in a fast-growing industry. The company’s sales increased 133% from ₹1.61B in FY2022 to ₹8.76B in FY2024. Net income has grown significantly, from ₹86.04M in FY2022 to ₹1.48B in FY2024.
Indian renewable energy is expected to expand to 500 GW by 2030. This expansion benefits Waaree Renewables, a major participant in this area.
However, investors should be wary of the stock price extreme volatility, ranging from ₹226.32 to ₹3,058.63 in the previous 52 weeks. Its high P/E ratio of 91.75 reflects a premium valuation, which may restrict short term gains.
Investors should assess their risk tolerance and objectives before investing. Before investing, visit a financial professional and do your research.
Waaree Renewable Technologies Ltd earning results
The growing Indian solar energy sector has boosted revenue and profitability for the corporation. Revenue CAGR over the previous two years is 133%, while net income is 313%.
| Fiscal Year | Revenue (₹ Billion) | Net Income (₹ Million) | EPS (₹) |
| FY2024 | 8.76 | 1,480 | 14.30 |
| FY2023 | 3.50 | 554 | 5.35 |
| FY2022 | 1.61 | 86 | 0.83 |
Expert forecasts on the future of Waaree Renewable Technologies Ltd.
Industry analysts are optimistic about Waaree Renewables:
- Many analysts anticipate continued strong growth as India aims to increase its solar power capacity significantly.
- The firm excels in a burgeoning sector by providing EPC services for large scale solar projects.
- Some analysts worry about rising competition and regulatory changes that might affect growth.
Is Waaree Renewables stock good to buy? (bull case & bear case)
Bull Case:
- Successful business with fast sales and profit growth
- Works in a high-growth industry
- Government support for renewable energy in India
- Product diversification and market expansion
- Technological advances boosting solar panel efficiency
Bear Case:
- High value multiples relative to peers
- Solar energy competition is fierce.
- Government policy dependence and regulatory hazards
- Short term stock price risk
- Possible supply chain interruptions influencing raw material prices
Conclusion
Waaree Renewables Technologies Ltd. has increased in a promising industry. Long-term share price projections indicate tremendous upside, but investors should know this stock’s dangers and volatility. The Indian renewable energy business has promising development possibilities, but investors must assess their aims and risk tolerance before investing.
