Table of Contents
- Introduction
- What is Waaree Renewable Technologies Company?
- Overview of Waaree Renewable Technologies Ltd Company
- Financial Data Analysis of Waaree Renewable Company
- Waaree Renewable Share Price Target
- How to Purchase Waaree Renewable Share
- Peer Companies
- Investors Types and Ratios
- Advantages and Disadvantages of Waaree Renewable Share
- FAQ
- Conclusion
Introduction
If you’re considering an investment in renewable energy, Waaree Renewable Technologies could be a promising option. This blog provides a detailed analysis of Waaree Renewable Share Price Target for 2024, 2025, 2027, and 2030, based on the company’s financial growth, business policies, shareholding patterns, and expert analysis.
What is Waaree Renewable Technologies Company?
Waaree Renewable Technologies is one of India’s largest solar manufacturers, with an installed capacity of 12 GW as of 2023. Established in 1989 and headquartered in Mumbai, the company specializes in setting up on-site and off-site solar projects.
Overview of Waaree Renewable Technologies Ltd Company
Waaree Renewable provides clean energy through solar projects across India. Their products include rooftop and ground-mounted solar panels, floating solar, and other renewable energy solutions. The company serves over 500 customers and has executed 10,000 solar projects totaling 1,215 MW.
| Company Name | Waaree Renewable Technologies Ltd |
| Established | 1989 |
| Market Cap | ₹19,999.59 Crore |
| Book Value | ₹24.90 |
| Face Value | ₹2 |
| P/B Ratio | 77.88 |
| 52 Week High | ₹3,137.75 |
| 52 Week Low | ₹226.32 |
Financial Data Analysis of Waaree Renewable Company
Before investing, it’s crucial to understand the company’s financial performance through key ratios and metrics.
| Metric | Value | Description |
| PE Ratio | 135.25 | Overvalued, indicating how much investors are willing to pay per rupee of earnings. |
| Return on Assets (ROA) | 31.85% | High ROA indicates efficient use of assets to generate profit. |
| Current Ratio | 1.17 | Indicates the company’s ability to cover short-term liabilities with short-term assets. |
| Return on Equity (ROE) | 72.99% | High ROE reflects the company’s efficiency in generating profit from shareholders’ equity. |
Waaree Renewable Share Price Target
Waaree Renewable Share Price Target 2024
Waaree Renewable Technologies Ltd’s revenue growth is 337.15% annually, with significant EBITDA growth. The share price is expected to increase due to the company’s strong financial performance and market conditions.
| Year | 1st Price Target (₹) | 2nd Price Target (₹) |
| 2024 | 1,920.85 | 2,920.23 |
Waaree Renewable Share Price Target 2025
With continuous growth in solar projects and increasing demand for renewable energy, Waaree’s sales and profits are projected to rise, leading to higher share prices.
| Year | 1st Price Target (₹) | 2nd Price Target (₹) |
| 2025 | 3,125.89 | 4,523.93 |
Waaree Renewable Share Price Target 2027
Waaree Renewable is expanding its solar projects, which is expected to further enhance its market position and profitability, pushing share prices higher.
| Year | 1st Price Target (₹) | 2nd Price Target (₹) |
| 2027 | 5,358.56 | 6,173.89 |
Waaree Renewable Share Price Target 2030
Long-term prospects for Waaree Renewable remain strong, supported by government initiatives and global demand for renewable energy. The company’s strategic projects and financial health are likely to drive share prices to new heights.
| Year | 1st Price Target (₹) | 2nd Price Target (₹) |
| 2030 | 7,700.56 | 8,500.78 |
How to Purchase Waaree Renewable Share
To purchase Waaree Renewable shares, you can use the following trading platforms:
- Zerodha
- Upstox
- Groww
- Angel One
Peer Companies
- Adani Green Energy
- Zodiac Energy
- Solex Energy
- Banka Bioloo
Investors Types and Ratios
| Investor Type | Holding Percentage |
| Promoters Holding | 74.58% |
| Public Holding | 25.34% |
| Domestic Institutional Investors (DII) | 0.08% |
Advantages and Disadvantages of Waaree Renewable Share
Advantages
- Significant profit growth in the last 3 years: ₹586.23 Crore.
- Revenue growth of 337.15% annually.
- Low debt with an interest cover ratio of 69.12.
- Efficient cash conversion cycle of 78.12 days.
- High ROE of 72.99%.
Disadvantages
- High EBITDA rate of 145.23% annually, which may indicate potential issues in managing operational costs.
Also Read: NBCC Share Price Target 2024, 2025, 2030, 2040
FAQ
What is the future of Waaree Renewable Technologies Company?
The company is expected to grow significantly due to the increasing demand for renewable energy and supportive government policies.
Who is the CEO of Waaree Renewable Technologies Company?
The current CEO is Mr. Hitesh Doshi.
Conclusion
Waaree Renewable Technologies Ltd is positioned for substantial growth in the coming years, driven by its robust financial performance, expanding solar projects, and favorable market conditions. Investing in Waaree Renewable shares could be highly profitable for long-term investors.
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Disclaimer: This blog is for educational purposes only. Investing in the financial market involves risks. Please consult a certified financial advisor before making any investment decisions. We are not responsible for any profit or loss incurred.
