Waaree Energies Share Price Target; Waaree Energies Ltd. (NSE: WAAREEENER) is a leading Indian solar energy company specializing in the manufacturing of photovoltaic (PV) modules and providing comprehensive solar solutions. Established in 1989, the company has played a pivotal role in advancing India’s renewable energy sector. With a significant market presence and consistent financial performance, Waaree Energies is poised for substantial growth in the coming years.
Waaree Energies Company Overview
| Metric | Details |
|---|---|
| Company Name | Waaree Energies Ltd. |
| Founded | 1989 |
| Headquarters | Mumbai, India |
| Industry | Renewable Energy (Solar) |
| Market Cap | ₹86,406 Crore (as of April 2025) |
| Stock Ticker | NSE: WAAREEENER |
| 52-Week Range | ₹1,863 – ₹3,743 |
| Face Value | ₹10 |
| Dividend Yield | 0.00% |
About Waaree Energies Ltd
Waaree Energies Limited (“WEL”) are the largest manufacturer of solar PV modules in India with the largest aggregate installed capacity of 12
GW, as of June 30, 2024.
We had the second best operating income among all the domestic solar PV module manufacturers in India. We commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, costeffective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life.
Our solar PV modules are currently manufactured using multicrystalline cell technology, monocrystalline cell technology and emerging technologies such as Tunnel Oxide Passivated Contact (“TopCon”) which helps reduce energy loss and enhances overall efficiency.
Our portfolio of solar energy products consists of the following PV modules:
- Multicrystalline modules.
- Monocrystalline modules.
- TopCon modules, comprising flexible modules, which includes bifacial modules (Mono PERC) (framed and unframed), and building integrated photo voltaic (BIPV) modules
Waaree Energies Financial Performance
Waaree Energies has demonstrated robust financial growth over recent years. The company’s revenue and net profit have seen significant increases, reflecting strong operational efficiency and market demand.
Annual Financial Highlights (₹ Crore):
| Year | Revenue | Net Profit |
|---|---|---|
| FY2021 | 1,993.28 | Data Not Available |
| FY2022 | 2,760.73 | Data Not Available |
| FY2023 | 6,391.08 | Data Not Available |
| FY2024 | 10,691.29 | ₹1,148 |
| FY2025 | 12,764.55 | Data Not Available |
In Q4 FY25, the company reported a 38% year-on-year increase in revenue and a 36% rise in net profit, driven by higher solar module sales and operational efficiencies.
Waaree Energies Shareholding Pattern (as of March 2025)
| Category | Holding (%) |
|---|---|
| Promoters | 64.30% |
| Foreign Institutional Investors (FII) | 0.70% |
| Domestic Institutional Investors (DII) | 2.46% |
| Retail & Others | 32.54% |
The significant promoter holding indicates strong confidence in the company’s future prospects.
Waaree Energies Share Price Targets (2025–2030)
Based on current market trends, financial performance, and industry outlook, the projected share price targets for Waaree Energies Ltd. are as follows:
Yearly Share Price Targets:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2025 | ₹2,500 | ₹3,800 |
| 2026 | ₹3,200 | ₹4,500 |
| 2027 | ₹4,000 | ₹5,500 |
| 2028 | ₹5,000 | ₹6,800 |
| 2029 | ₹6,200 | ₹8,000 |
| 2030 | ₹7,500 | ₹9,500 |
These projections are based on the company’s consistent financial growth, expanding market share, and favorable industry dynamics.
Waaree Energies Growth Drivers
- Expanding Solar Energy Market: India’s commitment to increasing its renewable energy capacity presents significant opportunities for Waaree Energies.
- Technological Advancements: Continuous innovation in solar technology enhances efficiency and reduces costs, benefiting the company’s product offerings.
- Government Initiatives: Supportive policies and incentives for renewable energy projects bolster the company’s growth prospects.
- Export Opportunities: Waaree Energies’ strong export performance, holding a 44% share in India’s solar module exports, positions it well in international markets.
Waaree Energies Risks and Challenges
- Market Competition: The solar energy sector is highly competitive, with numerous players vying for market share.
- Regulatory Changes: Alterations in government policies or tariffs can impact the company’s operations and profitability.
- Raw Material Price Volatility: Fluctuations in the prices of raw materials can affect production costs and margins.
Conclusion
Waaree Energies Ltd. has established itself as a key player in India’s renewable energy landscape. With a strong financial track record, significant market share, and favorable industry trends, the company is well-positioned for sustained growth. Investors seeking exposure to the renewable energy sector may find Waaree Energies an attractive option, considering its potential for long-term value creation.
Note: The above projections and analysis are based on current market data and trends. Investors should conduct their own research or consult financial advisors before making investment decisions.
