Waaree Energies Share Price Target 2025, 2030, 2035, 2040: Waaree Energies Limited is one of India’s leading solar energy companies, specializing in the manufacturing of high-efficiency solar panels and providing comprehensive solar solutions. The company offers a wide range of products and services, including solar modules, EPC (Engineering, Procurement, and Construction) services, project development, and energy storage solutions.
Waaree Energies is committed to promoting renewable energy adoption and sustainability across industries and households. As of January 3, 2025, the Waaree Energies share price on the NSE is ₹2,821.50. Below are the projected Waaree Energies share price target for the years 2025, 2026, 2027, 2030, 2035 And 2040.
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Waaree Energies Limited Company Overview
Established in 1989 and headquartered in Mumbai, India, Waaree Energies operates one of the largest solar module manufacturing facilities in India, with a capacity of over 12 GW. The company has a strong presence in both domestic and international markets, exporting to over 90 countries. Waaree’s focus on innovation, quality, and customer satisfaction has positioned it as a trusted name in the solar energy sector. Its mission to provide affordable and reliable solar energy aligns with India’s renewable energy goals and global sustainability initiatives.
| Company type | Public |
| Traded as | BSE: 544277 NSE: WAAREEENER |
| Industry | Electric Equipment |
| Founded | 1989 |
| Founder | Hitesh Chimanlal Doshi |
| Headquarters | 602, Western Edge-I, Off Western Express Highway, Borivali (E), Mumbai Pin Code – 400066. Maharashtra, India. |
| Key people | Hitesh Chimanlal Doshi (Chairman & Managing Director) Hitesh Pranjivan Mehta (Whole-time Director) Richa Manoj Goyal (Independent Director) JAYESH DHIRAJLAL SHAH (Independent Director) Rajender Mohan Malla (Independent Director) Sujit Kumar Varma (Independent Director) |
| Revenue | ₹11,633 Crore (FY24) |
| Net income | ₹1,274 Crore (FY24) |
| Total assets | ₹11,314 Crore (FY24) |
| Total Equity | ₹4,148 Crore (FY24) |
| Subsidiaries | Waaree Renewable Technologies Ltd Waaneep Solar One Private Limited Rasila International Pte. Limited Indosolar Waaree Clean Energy Solutions Private Limited Waaree Green Aluminium Private Limited Waaree Solar Americas Inc. |
| Website | https://waaree.com/ |
Technical Analysis for Waaree Energies Ltd
Waaree Energies Share Price Target 2025
In 2025, Waaree Energies’ share price is expected to reach ₹4065 as the first target and ₹4217 as the second target. These figures reflect the company’s strong market position and its growing contributions to the renewable energy sector.
| Year | 1st Target | 2nd Target |
| 2025 | ₹4065 | ₹4217 |
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Waaree Energies Share Price Target 2026
By 2026, Waaree Energies is projected to achieve a share price of ₹4692 as the first target and ₹4892 as the second target. The company’s continuous expansion in solar energy production and advancements in technology are likely to support this growth.
| Year | 1st Target | 2nd Target |
| 2026 | ₹4692 | ₹4892 |
Waaree Energies Ltd Share Price Target 2027
In 2027, Waaree Energies’ share price is anticipated to climb to ₹5425 as the first target and ₹5675 as the second target. This rise is fueled by the company’s ongoing innovation and increasing demand for solar panels and renewable energy solutions.
| Year | 1st Target | 2nd Target |
| 2027 | ₹5425 | ₹5675 |
Waaree Energies Share Price Target 2028
For 2028, Waaree Energies’ share price could reach ₹6283 as the first target and ₹6583 as the second target. The company’s focus on global market expansion and investment in high-efficiency products plays a key role in achieving these targets.
| Year | 1st Target | 2nd Target |
| 2028 | ₹6283 | ₹6583 |
Waaree Energies Share Price Target 2029
By 2029, Waaree Energies’ share price is expected to rise to ₹7286 as the first target and ₹7636 as the second target. This growth underscores the company’s ability to capitalize on the increasing global adoption of solar energy solutions.
| Year | 1st Target | 2nd Target |
| 2029 | ₹7286 | ₹7636 |
Waaree Energies Share Price Target 2030
Looking forward to 2030, Waaree Energies’ share price could reach ₹755 as the first target and ₹805 as the second target. These figures highlight the company’s consistent performance and its ability to stay competitive in the renewable energy market.
| Year | 1st Target | 2nd Target |
| 2030 | ₹8408 | ₹8858 |
Waaree Energies Share Price Target 2035
By 2035, Waaree Energies’ share price is projected to achieve ₹12856 as the first target and ₹13606 as the second target. This significant growth reflects the company’s leadership in the solar energy industry and its strategic investments in large-scale renewable projects.
| Year | 1st Target | 2nd Target |
| 2035 | ₹12856 | ₹13606 |
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Waaree Energies Share Price Target 2040
In 2040, Waaree Energies’ share price is anticipated to soar to ₹17029 as the first target and ₹18079 as the second target. This remarkable increase underscores the company’s position as a global renewable energy leader, driven by innovation, sustainability, and operational excellence.
| Year | 1st Target | 2nd Target |
| 2040 | ₹17029 | ₹18079 |
Waaree Energies Share Price Forecast From 2025 To 2040
| Year | Year High Target (₹) | Year Low Target (₹) |
| 2025 | ₹4217 | ₹2712 |
| 2026 | ₹4892 | ₹3146 |
| 2027 | ₹5675 | ₹3649 |
| 2028 | ₹6583 | ₹4233 |
| 2029 | ₹7636 | ₹4910 |
| 2030 | ₹8858 | ₹5696 |
| 2035 | ₹13606 | ₹7964 |
| 2040 | ₹18079 | ₹11028 |
Waaree Energies Limited Peers comparison
| Sector: Capital Goods – Electrical Equipment | Industry: Electric Equipment | ||||
| Name | P/E | Mar Cap ₹Cr. | NP Qtr ₹Cr. | Sales Qtr ₹Cr. | ROCE % |
| Siemens | 102.51 | 278516 | 831 | 6461 | 25.59 |
| ABB | 95.9 | 161887 | 440 | 2912 | 30.69 |
| CG Power & Ind | 130.57 | 116965 | 219 | 2412 | 46.63 |
| Waaree Energies | 93.59 | 92502 | 375 | 3574 | 43.63 |
| Suzlon Energy | 91.24 | 90019 | 200 | 2103 | 24.93 |
| BHEL | 186.98 | 83153 | 106 | 6584 | 3.37 |
| Premier Energies | 249.65 | 57656 | 205 | 1527 | 25.23 |
Waaree Energies Limited Fundamentals
| Metric | Value |
| Market Cap | ₹81,021 Cr |
| P/E Ratio (TTM) | 65.50 |
| P/B Ratio | 10.54 |
| Industry P/E | 88.89 |
| Debt to Equity | 0.20 |
| Return on Equity (ROE) | 0.00% |
| EPS (TTM) | 43.06 |
| Dividend Yield | 0.00% |
| 52 Week High | ₹3,743 |
| 52 Week Low | ₹2,300 |
| Book Value | 267.62 |
| Face Value | 10 |
Waaree Energies Limited Financial Results
| All in ₹Cr. | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales | 1,996 | 1,953 | 2,854 | 6,751 | 11,398 |
| Expenses | 1,903 | 1,868 | 2,748 | 5,915 | 9,823 |
| Operating Profit | 93 | 85 | 106 | 836 | 1,575 |
| OPM % | 5% | 4% | 4% | 12% | 14% |
| Other Income | 25 | 45 | 97 | 88 | 576 |
| Interest | 34 | 31 | 41 | 82 | 140 |
| Depreciation | 27 | 29 | 43 | 164 | 277 |
| Profit before tax | 57 | 70 | 118 | 677 | 1,734 |
| Tax % | 31% | 31% | 33% | 26% | 27% |
| Net Profit | 39 | 48 | 80 | 500 | 1,274 |
| EPS in Rs | 2.12 | 2.5 | 3.84 | 24.49 | 62.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | Compounded Profit Growth | Return on Equity | |||
| 3 Years: | 80% | 3 Years: | 180% | 3 Years: | 35% |
| TTM: | 69% | TTM: | 100% | Last Year: | 33% |
Waaree Energies Limited Balance Sheet
| All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 197 | 197 | 243 | 263 | 263 |
| Reserves | 148 | 231 | 1,595 | 3,825 | 4,583 |
| Borrowings | 340 | 363 | 320 | 553 | 985 |
| Other Liabilities | 596 | 1,362 | 5,247 | 6,635 | 8,204 |
| Total Liabilities | 1,281 | 2,154 | 7,406 | 11,277 | 14,035 |
| Fixed Assets | 285 | 625 | 1,105 | 1,450 | 1,637 |
| CWIP | 3 | 124 | 537 | 1,341 | 2,510 |
| Investments | 115 | 143 | 31 | 71 | 114 |
| Other Assets | 878 | 1,262 | 5,732 | 8,414 | 9,774 |
| Total Assets | 1,281 | 2,154 | 7,406 | 11,277 | 14,035 |
Waaree Energies Limited Shareholding Pattern
| Oct 2024 | |
| Promoters | 64.31% |
| FIIs | 2.23% |
| DIIs | 3.02% |
| Public | 30.46% |
| No. of Shareholders | 11,47,866 |
FAQs
Q.1. What is the share price target for Waaree Energies in 2025?
Ans: The share price targets for Waaree Energies in 2025 are ₹4,065 for the first target and ₹4,217 for the second target, indicating steady growth potential.
Q.2. What is the share price target for Waaree Energies in 2026?
Ans: In 2026, Waaree Energies’ share price targets are ₹4,692 for the first target and ₹4,892 for the second target, showing consistent performance expectations.
Q.3. What is the share price target for Waaree Energies in 2027?
Ans: For 2027, the share price targets are ₹5,425 for the first target and ₹5,675 for the second target, reflecting a positive outlook for the company’s growth.
Q.4. What is the share price target for Waaree Energies in 2028?
Ans: The share price targets for Waaree Energies in 2028 are ₹6,283 for the first target and ₹6,583 for the second target, showcasing anticipated strong performance.
Q.5. What is the share price target for Waaree Energies in 2029?
Ans: In 2029, the projected share price targets are ₹7,286 for the first target and ₹7,636 for the second target, indicating steady upward growth.
Q.6. What is the share price target for Waaree Energies in 2030?
Ans: For 2030, the share price targets are ₹755 for the first target and ₹805 for the second target, marking consistent development in value.
Q.7. What is the share price target for Waaree Energies in 2035?
Ans: By 2035, the share price targets are ₹12,856 for the first target and ₹13,606 for the second target, indicating significant long-term growth potential.
Q.8. What is the share price target for Waaree Energies in 2040?
Ans: In 2040, the share price targets for Waaree Energies are ₹17,029 for the first target and ₹18,079 for the second target, reflecting strong expectations for substantial growth over two decades.
Q.9. What are the NSE and BSE codes for Waaree Energies Ltd.?
Ans: The NSE code for Waaree Energies Ltd. is WAAREEENER, and the BSE code is 544277.
Q.10. Who is the CEO of Waaree Energies Ltd.?
Ans: The CEO of Waaree Energies Ltd. is Amit Paithankar.
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