Waaree Renewables is a leading player in the renewable energy sector, specializing in the development and management of solar energy projects. Part of the Waaree Group, a pioneer in solar energy solutions, the company is committed to accelerating the transition to clean energy in India and globally. With a focus on sustainability and innovation, Waaree Renewables is driving growth in the renewable energy landscape. As of November 29, 2024, the Waaree Renewables share price on the NSE is ₹1467. Below are the projected Waaree Renewables share price target for the years 2024, 2025, 2026, 2027, 2030, 2035 And 2040.
Additionally, feel free to join our – Tele-(g)ram) where we share Fast stock market news and updates➥https://bit.ly/TradeWatch360
Waaree Renewables Company Overview
Waaree Renewables operates as a core division of the Waaree Group, leveraging decades of experience in the solar industry to deliver turnkey solar energy solutions. The company is involved in the development of utility-scale solar power plants, rooftop solar installations, and off-grid solar projects. With a strong emphasis on quality and efficiency, Waaree Renewables integrates cutting-edge technologies and advanced engineering in its projects.
Waaree Renewables Share Price Target 2025-2040 Forecast
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | 3000 | 500 | 1750 |
| 2025 | 3050 | 1250 | 2540 |
| 2026 | 3200 | 1800 | 2950 |
| 2027 | 3550 | 1950 | 3150 |
| 2028 | 3900 | 2400 | 3400 |
| 2029 | 4250 | 2650 | 3840 |
| 2030 | 4400 | 3000 | 4150 |
| 2035 | 6000 | 3250 | 5400 |
| 2040 | 7850 | 4450 | 7250 |
Technical Analysis for Waaree Renewables
Waaree Renewables Share Price Target 2025
| Year | 1st Target | 2nd Target |
| 2025 | 2900 | 3050 |
Waaree Renewables, a leading name in the renewable energy sector, is expected to benefit from the growing adoption of solar energy solutions and supportive government policies promoting clean energy. With its strong manufacturing capacity and focus on innovation, the company is poised for substantial growth. For 2025, the first target share price is projected at ₹2900, with a second target of ₹3050.
Read More: Chambal Fertilisers Share Price Target 2025, 2030, 2035, 2040
Waaree Renewables Share Price Target 2026
| Year | 1st Target | 2nd Target |
| 2026 | 3150 | 3200 |
By 2026, Waaree Renewables is anticipated to strengthen its market presence further, supported by increased demand for solar panels and renewable energy infrastructure. The first target share price is estimated at ₹3150, with a second target of ₹3200, showcasing steady growth in the sector.
Waaree Renewables Share Price Target 2027
| Year | 1st Target | 2nd Target |
| 2027 | 3400 | 3550 |
Waaree Renewables is expected to achieve significant growth by 2027, driven by its investments in advanced technology and expansion of its project pipeline. The first target share price is projected at ₹3400, with a second target of ₹3550, reflecting its continued upward momentum.
Waaree Renewables Share Price Target 2028
| Year | 1st Target | 2nd Target |
| 2028 | 3750 | 3900 |
With increasing adoption of renewable energy sources and Waaree’s strong position in the solar energy segment, the company is poised for further growth by 2028. The first target share price is estimated at ₹3750, with a second target of ₹3900, highlighting its robust market performance.
Waaree Renewables Share Price Target 2029
| Year | 1st Target | 2nd Target |
| 2029 | 4100 | 4250 |
Waaree Renewables’ focus on innovation and expansion into international markets is expected to yield significant returns by 2029. The first target share price is projected at ₹4100, with a second target of ₹4250, showcasing the company’s growth potential.
Waaree Renewables Share Price Target 2030
| Year | 1st Target | 2nd Target |
| 2030 | 4300 | 4400 |
By 2030, Waaree Renewables is anticipated to maintain its leadership position in the renewable energy sector, driven by its commitment to sustainability and technological advancements. The first target share price is estimated at ₹4300, with a second target of ₹4400, indicating steady progress.
Waaree Renewables Share Price Target 2035
| Year | 1st Target | 2nd Target |
| 2035 | 5500 | 6000 |
In the long term, Waaree Renewables is expected to achieve substantial growth, fueled by increased adoption of renewable energy globally. By 2035, the first target share price is projected at ₹5500, with a second target of ₹6000, reflecting its strong market presence and expansion efforts.
Read More: NTPC Green Energy Share Price Target 2025, 2030, 2035, 2040
Waaree Renewables Share Price Target 2040
| Year | 1st Target | 2nd Target |
| 2040 | 7200 | 7850 |
By 2040, Waaree Renewables is expected to solidify its position as a global leader in renewable energy, benefiting from decades of innovation and growing demand for clean energy solutions. The first target share price is estimated at ₹7200, with a second target of ₹7850, underscoring its long-term growth potential.
Waaree Renewables Ltd Fundamentals
| Metric | Value |
| Market Cap | Rs 15,190.81 crores |
| Profit Growth | 299.26% (3 years) |
| Revenue Growth | 384.99% (3 years) |
| Return on Equity (ROE) | 67.29% (3 years) |
| Interest Coverage Ratio | 52.94 |
| Promoter Holding | 74.44% |
| 52-Week High | Rs 3,037.75 |
| 52-Week Low | Rs 268.10 |
| Book Value | Rs 30.7 |
| Dividend Yield | 0.07% |
| Return on Capital Employed (ROCE) | 107% |
Waaree Renewables Ltd Financial Results
| In ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| Sales | 8 | 154 | 342 | 867 | 1,356 |
| Expenses | 5 | 140 | 266 | 668 | 1,082 |
| Operating Profit | 3 | 13 | 76 | 199 | 274 |
| OPM % | 36% | 9% | 22% | 23% | 20% |
| Other Income | 4 | 14 | 5 | 8 | 10 |
| Interest | 4 | 1 | 1 | 4 | 10 |
| Depreciation | 0 | 0 | 0 | 3 | 6 |
| Profit before tax | 3 | 26 | 80 | 200 | 269 |
| Tax % | 12% | 21% | 26% | 26% | |
| Net Profit | 2 | 20 | 59 | 149 | 199 |
| EPS in Rs | 0.22 | 1.96 | 5.71 | 14.30 | 19.10 |
| Dividend Payout % | 0% | 5% | 4% | 7% |
Waaree Renewables Balance Sheet
| In ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 21 | 21 | 21 | 21 | 21 |
| Reserves | 12 | 31 | 91 | 239 | 299 |
| Borrowings | 37 | 0 | 0 | 10 | 32 |
| Other Liabilities | 13 | 80 | 143 | 427 | 653 |
| Total Liabilities | 83 | 132 | 254 | 696 | 1,005 |
| Fixed Assets | 3 | 3 | 9 | 94 | 155 |
| CWIP | 0 | 0 | 80 | 3 | 2 |
| Investments | 32 | 1 | 0 | 9 | 1 |
| Other Assets | 48 | 128 | 165 | 590 | 846 |
| Total Assets | 83 | 132 | 254 | 696 | 1,005 |
Waaree Renewables Ltd Shareholding Pattern
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
| Promoters | 74.27% | 74.51% | 74.51% | 74.46% | 74.44% |
| FIIs | 0.32% | 0.00% | 0.00% | 0.20% | 0.98% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% |
| Public | 25.40% | 25.49% | 25.48% | 25.33% | 24.58% |
| No. of Shareholders | 1,269 | 8,021 | 11,120 | 86,482 | 2,20,702 |
Waaree Renewables Dividend And
| Announcement Date | Ex-Dividend Date | Dividend Type | Dividend (Rs) |
| 10 May, 2024 | 09 Sep, 2024 | Final | 1.00 |
| 24 Jul, 2023 | 18 Sep, 2023 | Final | 1.00 |
| 24 May, 2022 | 15 Sep, 2022 | Final | 0.50 |
| 20 Aug, 2021 | 30 Aug, 2021 | Interim | 0.50 |
Waaree Renewables Bonus And Splits History
| Announcement Date | Ex-Bonus Date | Bonus Ratio | Remarks |
| 28 May, 2014 | 21 Jul, 2014 | 57:100 | For every 100 share held; Holderwill receive 57 bonus shares. |
| Announcement Date | Ex-Split Date | Old FV | New FV | Remarks |
| 20 Jan, 2024 | 15 Mar, 2024 | 10 | 2 | For every share held, the holder will receive 5 shares post the split adjustment. |
Waaree Renewables Peers comparison
| Name | P/E | Mar CapRs.Cr. | Div Yld% | NP QtrRs.Cr. | ROCE% |
| Waaree Renewab | 78.28 | 15579.12 | 0.07 | 53.58 | 107.10 |
| Oriana Power Ltd | 45.75 | 4439.75 | 0.00 | 48.57 | 37.54 |
| Median: 2 Co. | 62.02 | 10009.44 | 0.04 | 51.08 | 72.32 |
FAQs
Q1: Waaree Renewables Share Price Target 2025?
Ans: The share price target for Waaree Renewables in 2025 is expected to reach ₹2900 as the first target and ₹3050 as the second target. These estimates reflect the company’s growing presence in the renewable energy sector.
Q2: Waaree Renewables Share Price Target 2026?
Ans: By 2026, the share price is projected to achieve ₹3150 as the first target and ₹3200 as the second target, demonstrating continued growth in its market.
Q3: Waaree Renewables Share Price Target 2027?
Ans: In 2027, Waaree Renewables’ share price is anticipated to reach ₹3400 as the first target and ₹3550 as the second target, showcasing consistent progress and investor confidence.
Q4: Waaree Renewables Share Price Target 2028?
Ans: The share price target for 2028 is expected to reach ₹3750 as the first target and ₹3900 as the second target, reflecting steady advancements in operations and revenue generation.
Q5: Waaree Renewables Share Price Target 2029?
Ans: For 2029, Waaree Renewables’ share price is forecasted to hit ₹4100 as the first target and ₹4250 as the second target, driven by the increasing adoption of renewable energy.
Q6: Waaree Renewables Share Price Target 2030?
Ans: By 2030, the share price is anticipated to achieve ₹4300 as the first target and ₹4400 as the second target, signaling strong growth in the renewable energy market.
Q7: Waaree Renewables Share Price Target 2035?
Ans: The share price in 2035 is estimated to reach ₹5500 as the first target and ₹6000 as the second target, highlighting significant long-term growth potential.
Q8: Waaree Renewables Share Price Target 2040?
Ans: By 2040, Waaree Renewables’ share price is projected to reach ₹7200 as the first target and ₹7850 as the second target, reflecting robust expansion and industry leadership.
Q9: When was Waaree Renewables founded?
Ans: Waaree Renewables was incorporated in 1999 as part of the Waaree Energies Limited initiative to address India’s growing power demand.
Q10: Who is the CEO of Waaree Renewables?
Ans: As of recent updates, Amit Paithankar is the CEO of Waaree Energies. He joined the company to focus on advancing sustainable energy solutions and driving the company’s growth in the solar energy sector.
TradeWatch360 is a premier platform dedicated to providing real-time insights, trends, and updates in the stock market. It is designed to support both new and seasoned investors by delivering timely and actionable information across a range of asset classes, including stocks, futures, commodities, and global markets.