Waaree Energies Share Price Target 2024, 2025, 2030, 2040, 2050
Waaree Energies Limited is a ranking company promoting clean energy through its products. Generally, they make solar panels for different purposes to generate electricity. Since the climatic conditions are much affected by air pollution the government is also focusing on promoting pollution energy.
A major solar energy company with 12 GW of installed capacity and good financial development, Waaree Energies is a focus for renewable energy investors.
Fundamental Table for Waaree Energies IPO
Contents
- 1 Fundamental Table for Waaree Energies IPO
- 2 Key Metrics Table
- 3 Peers and Comparison Table
- 4 What is Waaree Energies Limited?
- 5 Waaree Energies Share Price Target Tomorrow
- 6 Waaree Energies Share Price Target 2024
- 7 Waaree Energies Share Price Target 2025
- 8 Share Price Target 2030
- 9 Share Price Target 2040
- 10 Share Price Target 2050
- 11 Is Waaree Energies Stock Good to Buy? (Bull case & Bear case)
- 12 About Waaree Energies Limited
- 13 Company Financials
- 14 Waaree Energies Limited Contact Details
- 15 Conclusion
- 16 FAQs
| Metric | FY 2022 | FY 2023 | FY 2024 |
| Revenue | ₹2,854.3 crore | ₹6,533.2 crore | ₹11,397.6 crore |
| EBITDA | ₹111 crore | ₹1,095.4 crore | ₹1,574.4 crore |
| Net Profit | ₹79.7 crore | ₹1,045.8 crore | ₹1,274.4 crore |
| EPS (Basic) | ₹7.6 | ₹10.5 | ₹15.9 |
| ROE | 18.7% | 25.6% | 31.2% |
| Net Worth | ₹427.13 crore | ₹3,825 crore | ₹4,074.84 crore |
Key Metrics Table
| Metric | Value |
| Price Band | ₹1,427 – ₹1,503 |
| Lot Size | Nine shares |
| Total Issue Size | ₹4,321.44 crore |
| Fresh Issue | ₹3,600 crore |
| Offer for Sale (OFS) | ₹721.44 crore |
| Grey Market Premium (GMP) | ₹1,470 |
Peers and Comparison Table
| Company | Market Cap | P/E Ratio | Revenue (FY 2024) |
| Waaree Energies | Over ₹43,179 crore | 33.9x | ₹11,397.6 crore |
| Adani Green Energy | Over ₹1,50,000 crore | 40x | ₹15,000 crore |
| Tata Power | Over ₹50,000 crore | 25x | ₹12,500 crore |
| Renew Power | Over ₹30,000 crore | 35x | ₹8,000 crore |
What is Waaree Energies Limited?
Waaree Energies Limited is India’s most prominent solar photovoltaic (PV) module producer and a sustainable energy leader. The Mumbai-based enterprise, founded in 1990, has 12 GW of installed capacity and contributes significantly to India’s solar energy environment. Waaree four Gujarat factories make Mono PERC, Bifacial, and Polycrystalline solar modules.
It is one of the main companies of the Waaree Group. The company makes and sells solar panels. It provides good quality at affordable prices, focusing on clean energy solutions. The company provides full setup services. It has the biggest solar panel manufacturing capacity in India, with 2 GW at Gujrat.
The company’s finances look much debt-free and profitable. So by the day of listing its share, you can notice a rapid movement.
Tomorrow share price target would be -₹179 to +₹140.
| Year | Minimum Price | Maximum Price |
| 2024 | -₹179 | +₹140 |
The company makes solar panels, batteries, and other solar products. The company offers different types of solar products and setups like ground-mounted solar, rooftop solar, and floating solar that uses water bodies like ponds and lakes. They provide regular services for their equipment.
In 2024, its share price would be between ₹2300 to ₹3921 as per our expert’s analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | 2300 | 3921 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| October | 2300 | 3726 |
| November | 2125 | 3788 |
| December | 2341 | 3921 |
The company has set up its solar rooftop systems at several Mumbai Metro stations, which help a lot in the absence of main electricity. The company also worked with the National Thermal Power Corporation (NTPC) in Gujarat on the first floating solar power project in the area. The company’s aim is clear to increase awareness for using clean energy resources. By the company’s past performance, its share price would be ₹4311 in 2025.
In 2025, its share would be between ₹2900 to ₹4311 predicted by our expert team.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 2900 | 4311 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2900 | 3970 |
| February | 2946 | 4011 |
| March | 2960 | 4008 |
| April | 2971 | 4031 |
| May | 2912 | 4069 |
| June | 2955 | 4125 |
| July | 3089 | 4180 |
| August | 3050 | 4190 |
| September | 3100 | 4232 |
| October | 3134 | 4250 |
| November | 3178 | 4290 |
| December | 3151 | 4311 |
They also doing a huge project in Maharashtra. It plans to produce 34,500 MWh of power each year and will make 64,312 Waaree 325-watt solar panels. The company has supplied a total of 6 GW of solar panels and worked on projects adding up to 1.1 GW. Their main goal is to provide sustainable energy in a cost-effective way. Also by the company’s performance its share price will be moved accordingly. In 2030, its share price would be ₹8700.
As per our experts team its share price would be between ₹6228 to ₹8700 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 6228 | 8700 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 6228 | 8311 |
| February | 6260 | 8388 |
| March | 6241 | 8370 |
| April | 6267 | 8391 |
| May | 6278 | 8425 |
| June | 6290 | 8469 |
| July | 6316 | 8491 |
| August | 6390 | 8532 |
| September | 6425 | 8568 |
| October | 6456 | 8589 |
| November | 6489 | 8611 |
| December | 6514 | 8700 |
To reduce carbon emissions, the Government of India supports the company’s growth with various programs. Other countries also appreciate what the company is doing. The company is no matter earning by their work but their aim is simple to create a healthy environment in the surrounding by using clean energy. In the coming year, they will increase their product capacity to fulfil the demands of the consumers. In the 2040, its share price would be ₹18210.
By 2040, its share price would be between ₹15425 to ₹18210.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 7425 | 18210 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 15425 | 17541 |
| February | 15454 | 17633 |
| March | 15511 | 17717 |
| April | 15549 | 17780 |
| May | 15655 | 17837 |
| June | 15690 | 17913 |
| July | 15768 | 18013 |
| August | 15864 | 18054 |
| September | 15615 | 17911 |
| October | 15780 | 18025 |
| November | 15916 | 18080 |
| December | 16025 | 18210 |
If we look around our environment, we’ll notice our atmosphere is getting polluted day by day. This is a matter of worry for all and for the solution our government focusing on promoting renewable resources and this company is one of the top renewable resource product suppliers. The company earlier got big government projects and is expected to get more in the coming year. So the company will grow much in the coming year if they keep modifying and improving their products like the present time. So by 2050, its share price will be ₹28047 as per our analysis.
By 2050, its share price will be between ₹26056 to ₹28047 as per our expert’s prediction and public sentiments.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 26056 | 28047 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 26056 | 27211 |
| February | 26144 | 27425 |
| March | 26237 | 27612 |
| April | 26390 | 27825 |
| May | 26511 | 27919 |
| June | 26746 | 27090 |
| July | 26860 | 27164 |
| August | 26988 | 27325 |
| September | 27126 | 27517 |
| October | 27398 | 27756 |
| November | 27580 | 27873 |
| December | 27753 | 28047 |
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | 2300 | 3921 |
| 2025 | 2900 | 4311 |
| 2030 | 6228 | 8700 |
| 2040 | 15425 | 18210 |
| 2050 | 26056 | 28047 |
By the past performance, the company made much profit by doing their business. The company’s fundamental is very good, they generate much profit form the past 3-4 years. For the long term, the company would be one of the best choices as it promotes clean energy which will be in much demand in future.
Is Waaree Energies Stock Good to Buy? (Bull case & Bear case)
Bull Case:
- More people and businesses want renewable energy, which can help it grow.
- The Indian government and others are launching renewable energy projects, which create more opportunities for the company.
- The company focuses on new technology and creative solutions, which can help them stand out in a competitive market.
- The company invest much in research and development teams to invent new technology.
- As more investors seek eco-friendly options, Its commitment to renewable energy can attract more funding.
Bear Case:
- There are many companies in the renewable energy sector.
- It has much big order list and if it fails to complete its projects on time or meet customer needs, it could create problems for the company.
- The company working to make high-powered panels to provide high-powered electricity, but they need to launch it faster as this sector is very competitive.
- The company has manageable debt but it needs to improve its finances.
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | 84,95,887 (29.55%) | NA |
| QIB Shares Offered | 55,38,663 (19.26%) | NA |
| NII (HNI) Shares Offered | 43,73,206 (15.21%) | |
| bNII > ₹10L | 29,57,224 (10.29%) | 21,905 |
| sNII < ₹10L | 14,15,982 (4.92%) | 10,488 |
| Retail Shares Offered | 99,11,869 (34.47%) | 11,01,318 |
| Employee Shares Offered | 4,32,468 (1.5%) | NA |
| Total Shares Offered | 2,87,52,094 (100%) |
About Waaree Energies Limited
Among India renewable energy companies, Waaree Energies Limited is the market leader in solar photovoltaic (PV) module production. The Mumbai-based firm has been around since 1990 and, as of June 30, 2023, has an astounding 12 GW of installed capacity. Across five locations in India, Waaree manufactures solar goods such as monocrystalline, bifacial, and polycrystalline modules.
The firm is making waves at home and abroad with a 44% share of India solar module export industry. Waaree Energies not only offers cutting-edge rooftop solutions and solar water pumps but is also engaged in the engineering, procurement, and construction (EPC) process for solar projects. Thanks to its dedication to environmental responsibility and innovation in energy technology, Waaree Energies is prepared to meet the increasing demand for renewable energy sources worldwide.
Company Financials
Over the last three years, Waaree Energies has had a 99.83% increase in sales, a 276.62% increase in EBITDA, and a 44.04% increase in net profit. Additionally, the company margins have grown substantially, from 3.90 percent in fiscal 2022 to 12.40 percent in fiscal 2023 and 13.80 percent in fiscal 2024.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 11,989.48 | 11,313.73 | 7,419.92 | 2,237.4 |
| Revenue | 3,496.41 | 11,632.76 | 6,860.36 | 2,945.85 |
| Profit After Tax | 401.13 | 1,274.38 | 500.28 | 79.65 |
| Net Worth | 4,471.71 | 4,074.84 | 1,826.02 | 427.13 |
| Reserves and Surplus | 2,464.69 | 3,825 | 585.96 | 230.43 |
| Total Borrowing | 261.24 | 317.32 | 273.48 | 313.08 |
Key Performance Indicator
| KPI | Values |
| ROE | 8.79% |
| ROCE | 9.45% |
| Debt/Equity | 0.06 |
| RoNW | 8.81% |
| P/BV | 8.84 |
| PAT Margin (%) | 11.47 |
- Installed Capacity: When it comes to solar module production, Waaree Energies leads the pack with an installed capacity of 12 GW.
- Revenue Growth: The company income increased by 68.8 percent from ₹2,854.3 crore in FY2022 to ₹11,397.6 crore in FY2024.
- Net Profit Growth: Net profit increased by 154.8%, from ₹79.7 crore in FY2022 to ₹1,274.4 crore in FY2024.
- EBITDA Margin: At the same time, EBITDA margins increased from 3.9% to 13.8%, which shows that operational efficiency improved.
Waaree Energies Limited Contact Details
Contact Details for Waaree Energies Limited:
- Head Office:
Waaree Energies Limited
1st Floor, Waaree House,
Plot No. 2, Sector 19,
Vashi, Navi Mumbai – 400703, Maharashtra, India. - Phone: +91-22-2771-3000
- Email: [email protected]
Conclusion
Waaree Energies is one of the strong brands known for its best-quality products. They make, sell and provide services for the solar panels. It has done many government projects in past and has pending orders too. In this article, we have discussed all the main information about this company, so if you planning to invest in its shares please read the whole article.
