Are you looking for the fundamentally strong stock in solar sector? If yes, then in this post we talk about the Waaree Energies share price target 2024, 2025, 2026, 2027, 2028, 2029, and 2030 & 2040.
Along with the WAAREEENER share price target, we’ll take a look at the company’s profile, their competitors, subsidiaries, company’s debt, PE ratio, technical factors, fundamental analysis, strength & weakness, growth chart, OPM, balance sheet, shareholding patterns, and much more.
After reading this post, we might able to know whether the Waaree Energies stock is good or not for the upcoming years in terms of returns.
A Brief Overview of Waaree Energies Limited History
The Waaree Energies Limited (traded as WAAREEENER) is the largest manufacturer of solar PV modules in India with installed capacity of 12 GW solar power generation. Waaree Energies Ltd was founded in 1989 by Hitesh Doshi and Waaree Group.
Their headquarter is located in Mumbai, India. On October 2024, the Waaree Energies IPO was made pubic and was listed in NSE and BSE as a small cap company on October 28, 2024.
However, the Waaree Energies Ltd incorporated with an aim to provide high quality and cost-effective energy solutions around the world and minimize the level of carbon in the path of sustainable energy. Currently, the company has largest installed capacity of 12 GW solar PV modules in India.
They are also serving their services around the world. As a leading brand in solar energy generation through solar modules , we will going to analyze Waaree Energies share price target for 2024, 2025, 2026, 2030, and up to 2040 for educational purpose.
| Company Type- | Small Cap Company |
| Expertise or Industry- | Solar and Renewable Energy |
| Ticker Symbol- | NSE- WAAREEENER BSE- 544277 |
| Traded As (Listed In)- | National Stock Exchange (NSE) Bombay Stock Exchange (BSE) |
| Founded In- | 1989 |
| Founders- | Hitesh Doshi and Waaree Group |
| Headquarters- | Mumbai, India |
| Key People- | Hitesh Chimanlal Doshi (Chairman & MD) Hitesh Pranjivan Mehta (Whole Time Director) Sujit Kumar Varma (Independent Director) |
| Area Served- | Worldwide |
| Parent Holders- | Waree Group |
| Subsidiaries- | Waaree Renewable Technologies Ltd. Indosolar. |
| Official Website- | waaree.com |
Fundamental Analysis of Waaree Energies Limited
Currently, the Waaree Energies Share Price today– Rs.2526.50.
Looking at the performance of this stock through financial and fundamental analysis, we can also predict the Waaree Energies share price tomorrow. To know the performance of the Waaree Energies stock we include parameters such as PE ratio, ROE, ROCE, EPS, total equity share, and so on.
So, below is table of data that will give you an idea about the financial data of Waaree Energy shares in the Indian Stock Market.
| Market Cap- | ₹72,565 Cr. |
| Total No. of Shareholders- | 11.48L |
| Total Equity Share- | 48 Lakhs |
| P/E Ratio- | 73.40 |
| P/B Ratio- | 17.58 |
| Face Value- | ₹10.00 |
| Book Value (TTM)- | ₹143.70 |
| EPS (TTM)- | Rs.39.95 |
| Dividend Yield- | 0% |
| Beta- | 0.82 |
| Promoter Holding- | N/A |
| ROE- | 33.40% |
| ROCE- | 43.60% |
| Debt to Equity- | 0.07 |
Waaree Energies Share Price Targets
With a growing sales, company’s expansions, and book orders of Waaree Energies Ltd in India for reducing the effect of carbon, the stock has tremendous chance for continuous rally in a bull run to give huge returns to the investors in the upcoming years. Although, the price band for Waaree Energies IPO was set as ₹1427 to ₹1503 per share. But, their GMP is set at 110%.
With this kind of GMP, we may still predict that the Waaree Energies has potential to set the new milestones on their listing day and upcoming years. So, below we are providing the Waaree Energy Share Price Target 2024, 2025 and up to 2040.
It may also be noted that the table below displays information of Waaree Energies Share Price Targets of all the particular years are just for educational purposes. Do your proper research before investing.
Waaree Energies Share Price Target 2024
| Year | WAAREEENER Share Price in 2024 |
| 2024 | ₹1503 to ₹3400. |
Waaree Energies Share Price 2024- this solar energy stock has largest installed capacity of solar PV modules in India to generate sustainable energy. During the listing day of Waaree Energies IPO, the the share was listed 1503 and it can go as much as GMP is decided with 20% circuit. So, as per our analysis, the Waaree Energies stock has chances to lie in the range of Rs. 1503 to Rs. 3400 by the end of 2024.
Waaree Energies Price Target 2025
| Year | WAAREEENER Share Price in 2025 |
| 2025 | ₹3410 to ₹4500. |
Waaree Energies Share Price Target 2025- As the Indian stock market is in the growing phase, all the fundamentally stocks are growing steadily by giving huge returns to their investors and Waaree Energy stock is proven among them. With our prediction, the Waaree Energy Stock has chances to lie in the range of Rs. 3410 to Rs.4500 by the end of 2025.
Waaree Energies Share Price Target 2026
| Year | WAAREEENER Share Price in 2026 |
| 2026 | ₹4525 to ₹5050. |
Waaree Energies Share Price Target 2027
| Year | WAAREEENER Share Price in 2027 |
| 2027 | ₹5060 to ₹6010. |
Waaree Energies Share Price Target 2028
| Year | WAAREEENER Share Price in 2028 |
| 2028 | ₹6025 to ₹6735. |
Waaree Energies Share Price Target 2029
| Year | WAAREEENER Share Price in 2029 |
| 2029 | ₹6740 to ₹7320. |
Waaree Energies Share Price Target 2030
| Year | WAAREEENER Share Price in 2030 |
| 2030 | ₹7335 to ₹7770. |
Waaree Energies Share Price Target 2030- Considering monopoly of Waaree Energies Ltd in soalr PV modules and getting continuous orders from the government and other companies for generation energy through solar modules. the share has huge potential for long term investment and their price will lie in the range of Rs.7335 to Rs.7770 by the end of 2030.
Waaree Energies Share Price Target 2035
| Year | WAAREEENER Share Price in 2035 |
| 2035 | ₹7775 to ₹8410. |
Waaree Energies Share Price Target 2035- if the company runs profitable with increase in revenue and sales of solar PV modules around the world, then WAAREEENER share is ready to be a multibagger share in solar & renewable energy sector. Also, the share price target for WAAREEENER stock for 2035 might lie between Rs.7775 to Rs.8410.
Waaree Energies Share Price Target 2040
| Year | WAAREEENER Share Price in 2040 |
| 2040 | ₹8430 to ₹9115. |
Waaree Energies Share Price Target 2040- With the increment in order book, positive balance sheet, company’s growth with new technologies, and need of solar energy through solar PVs, the Waaree Energy share will might lie between the price range of Rs.8430 to Rs.9115 by the end of 2040.
So, if you’re looking for the good fundamentally strong stock with the future prospective in solar sector till 2040, Waaree Energies stock is a best pick if you’re thinking about the horizon for 10-15 years.
Shareholding Pattern of Waaree Energies Share
Below is the table that shows the overall shareholders patterns including Institutions, promoters, retailers, etc. in the Waaree Energies stock till September 2024.
| Total Promotor Holding | 64.30% |
| Mutual Funds | 1.18% |
| Other Domestic Institutions (DII) | 1.83% |
| Foreign Institutions (FII) | 2.23% |
| Retail Investors | 7.60% |
| Other Parties | 22.85% |
Strength and Weakness of Waaree Energies Share Price
This portion of the article showcase the strength and weakness including opportunities of Waaree Energies Limited in the solar-renewable energy sector so that people can decide whether the stock has potential or not.
| Strength | Weakness |
| Company is reducing their debt. | Listed at High PE ratio. |
| Increase in Net Cash Flow. | Material cost volatility is fluctuating. |
| Increase in the Book Value per share. | |
| Mutual Funds, FIIs, and DIIs increasing their shareholding. | |
| Growth in EPS. |
Waaree Energies Competitors
Below is the list of companies that shows an amazing competition and peer comparisons to Waaree Energies share in the solar energy sector.
- Premier Energies.
- Vikram Solar Ltd.
Final Words about Waaree Energies Share Price Target
We hope that readers understand the potential of Waaree Energies Limited in the upcoming years and the need of solar energy generation for saving human life. Also, we are sure that you have gained knowledge about the Waaree Energies share price target.
This blog help people to understand better whether WAAREEENER stock has potential for long-term investment and how this stock is going to perform in upcoming years.
According to our prediction, Waaree Energy share has strong potential and high growth in the coming years where the India is moving towards solar and renewable energy generation and minimizing the carbon-effect on earth.
One thing we must say, the demand for the solar and renewable Energy in going to increase tremendously every year that will definitely help the waaree energies stock to grow with a growing Indian stock market.
Do your own research properly at your own risk because stock market is unpredictable and news related to Waaree Energies ltd company could also impact the performance of WAAREEENER stock.
All the stocks and IPO are subjected to market risk. Therefore, these Waaree Energies stock price targets should use as a guideline for educational purposes and not as a financial advice. Always perform your owns research and knowledge before making any investments.
We hope that you all do proper research before picking the WAAREEENER share for investment! Please read the Disclaimer below.
