Are you looking to invest in Waaree Renewable Technologies Ltd.? This blog post will help you make the right decision before investing. In this blog post, we are analyzing Waaree Renewable Technologies Ltd.’s share price targets for 2024, 2025, and 2030 based on its fundamentals
To write this blog post we deeply analyzed the company’s fundamentals and took experts’ advice before writing this blog post. I hope this post will help you to make the right decision.
About the Waaree Renewable Technologies Ltd.
Waaree Renewable Technologies Ltd. is a power generation and distribution sector company listed in BSE and was incorporated in 1999.
Waaree Renewable is a subsidy company of Waaree Energies Ltd. and its headquarters is located in Mumbai. The company engaged in solar EPC business like engineering, procurement, and construction.
Business areas of Waaree Renewable Technologies Ltd.
Waaree Renewable is engaged in the manufacturing of Clean Energy products like rooftop solar, floating solar, ground-mounted solar, and capex models.
Products of Waaree Renewable Technologies Ltd.
Solar panels
Inverters
Batteries
Solar street lights
Solar water heaters
Till now company achieved over 400 rooftop solar projects of 50+ MW. Over 2191MW p project sites are currently under execution.0
Order Book of the Waaree Renewable Technologies Ltd.0
The company security 98MWp solar ground-mounted solar power project at Kurnool, Andhra Pradesh.
1.090 MW p of a floating solar power project in Gujarat.
At Jalna, a ground-mounted solar power project of 70 MW p.
Fundamentals of Waaree Renewable Technologies Ltd.
| Company Essentials | Details |
| Market Cap | ₹ 15,656.46 Cr. |
| Enterprise Value | ₹ 15,549.64 Cr. |
| No. of Shares | 10.42 Cr. |
| P/E | 94.63 |
| P/B | 54.71 |
| Face Value | ₹ 2 |
| Div. Yield | 0.07% |
| Book Value (TTM) | ₹ 27.47 |
| CASH | ₹ 116.82 Cr. |
| DEBT | ₹ 10 Cr. |
| Promoter Holding | 74.46% |
| EPS (TTM) | ₹ 15.88 |
| Sales Growth | 153.81% |
| ROE | 80.88% |
| ROCE | 107.22% |
| Profit Growth | 150.71% |
Fundamental analysis of Waaree Renewable Technologies Ltd.
The Net Sales Growth of the company surged by 153.8% from 341.73 Cr. in March 2023 to 867.36 Cr. in March 2024, indicating successful Market extension.
The Operating Profit of the company Rose by 161.8% from 75.98 Cr. to 198.90 Cr. which indicates the company has not only grown its revenue but also enhanced operation efficiency.
Other Incomes of the company increased by 51.2% from 5.18 Cr. to 7.83 Cr.
Interest Expenses of the company jumped by 227.1% from 1.18 Cr. to 3.86 Cr. which indicates new debt or higher borrowing costs, which is appointed to monitor as it could impact the net profitability of the company.
Profit Before the Tax Rose by 151.0% from 79.81 Cr. to 200.29 Cr. which indicates a strong overall performance of the company.
The Net Profit of the company grew by 150.7% from 59.41 Cr. To 148.94 Cr. Which indicates strong financial health and effect on the management of the growth.
Shareholding Pattern of Waaree Renewable Technologies Ltd.
Promoters: 74.46%
FII: 0.83%
DII: 0.01%
Public: 24.7%
Promoters hold a 74.46% stake in the company which indicates strong promoter confidence in the business.
FII and DII hold 0.83% and 0.01% respectively which indicates some level of International and Domestic investor’s interest in the company.
24.7% of the stake is held by the public which suggests that the company has a board base of retail and institutional investors interested in the company.
Dividend History of Waaree Renewable Technologies Ltd.
The company has progressively increased its dividend percentage each year, from 5% in 2022 to 50% in 2024, which indicates a positive trend in the company’s profitability and willingness to return value to its investors.
The company is paying a consistent dividend amount to its investors and the amount paid out per share has increased studly from 0.5 Rs in 2024 to 1 Rs in 2024.
Waaree Renewable Technologies Ltd. Share Price Targets
| Year | Minimum | Maximum |
| 2024 | 1402 | 1890 |
| 2025 | 1854 | 2406 |
| 2026 | 2395 | 3063 |
| 2027 | 2946 | 4961 |
| 2028 | 4744 | 6431 |
| 2029 | 6249 | 7251 |
| 2030 | 7173 | 8033 |
Waaree Renewable Share Price Target 2024
In the volatile market, the stock gives a negative return to its investors. The stock falls nearly 50% from its all-time high. This is due to its overvaluation. Now the stock holds a tight support at 1490. and are expecting the stock to bounce back from here so we are expecting Waaree Renewable Share Price Target for 2024 will be a minimum of 1402 and a maximum of 1890.
Waaree Renewable Share Price Target 2025
Waaree Renewable is increasing its sales from 128.84 Cr.in 2023 To 322.31 in 2024 which indicates the company expanding its market share so we are expecting Waaree Renewable Share Price Target for 2025 will be a minimum of 1854 to a maximum of 2406.
Waaree Renewable Share Price Target 2026
The govt of India is launching to promote renewable solar energies like the PM KUSUM scheme, PM Surya Ghar Muft Bijli Yojana, Grid Connected Rooftop Solar Programme, and solar park programs which will boost the company business so we are expecting Waaree Renewable Share Price Target for 2026 will be minimum of 2395 to maximum of 3063.
Waaree Renewable Share Price Target 2027
Waaree Renewable has a lot of new projects like 980MW p Ground-Mounted Solar Power Project at Kurnool, Andhra Pradesh, 1.090 MWp a Floating Solar Power Project in Gujarat, 70 MWp a Ground-Mounted Solar Power Project at Jalna, and so on so this boost the company future performance so we are expecting Waaree Renewable Share Price Target for 2027 will be minimum of 2946 to maximum of 4961.
Waaree Renewable Share Price Target 2028
As per our analysis, the Waaree Renewable Share Price Target for 2028 will be a minimum of 4744 to a maximum of 6431.
Waaree Renewable Share Price Target 2029
Increasing demand for electricity will boost the business of the company so we are expecting Waaree Renewable Share Price Target 2029 will be a minimum of 6249 to a maximum of 7251.
Waaree Renewable Share Price Target 2030
As per Invest India, India aims to produce 5Mn Tonnes of green hydrogen by 2030. this will be supported by 125 GW of renewable energy capacity and the Govt. India has approved 50 solar parks with an aggregate capacity of 37.49 GW and aims to have 500GW of renewable energy installed capacity by 2030. which will improve the company’s future performance so we are expecting Waaree Renewable Share Price Target for 2030 will be a minimum of 7173 and a maximum of 8033.
Read more: Best Solar Stocks in India Under 50 in 2024
Final Words
Over all Waaree Renewable Technologies Ltd. has a strong financial background. The has a strong management team. The company has huge business opportunities in the recent market. So before investing in this stock consider all parameters and market conditions. If you have any quarry comment below.
FAQ:
What is Waaree Renewable Share Price Target 2024?
In the volatile market, the stock gives a negative return to its investors. The stock falls nearly 50% from its all-time high. This is due to its overvaluation. Now the stock holds a tight support at 1490. and are expecting the stock to bounce back from here so we are expecting Waaree Renewable Share Price Target for 2024 will be a minimum of 1402 and a maximum of 1890.
What is Waaree Renewable Share Price Target 2025?
Waaree Renewable is increasing its sales from 128.84 Cr.in 2023 To 322.31 in 2024 which indicates the company expanding its market share so we are expecting Waaree Renewable Share Price Target for 2025 will be a minimum of 1854 to a maximum of 2406.
What is Waaree Renewable Share Price Target 2030?
As per Invest India, India aims to produce 5Mn Tonnes of green hydrogen by 2030. this will be supported by 125 GW of renewable energy capacity and the Govt. India has approved 50 solar parks with an aggregate capacity of 37.49 GW and aims to have 500GW of renewable energy installed capacity by 2030. which will improve the company’s future performance so we are expecting Waaree Renewable’s Share Price Target for 2030 will be a minimum of 7173 to a maximum of 8033.