Waaree Energies Ltd. was listed on the National Stock Exchange (NSE) on October 28, 2024. It is the leader in the solar energy sector. In this article, we will explore Waaree Energies future growth potential and Waaree Energies share price target from 2025 to 2050.
About Waaree Energies
Waaree Energies is an Indian solar company started in 1989. It makes solar panels and provides solar energy solutions. The company helps install solar systems for homes and businesses. Waaree also sells solar water pumps and other renewable energy products. It operates in India and exports to many countries. The company focuses on clean and sustainable energy.
Waaree Energies Business Model
- Solar Panel Manufacturing & Exports: Waaree produces solar panels for homes, businesses, and large power plants, selling them both in India and internationally.
- Solar Project Development: The company builds large solar power plants, rooftop solar systems, and solar-powered water pumps for industries, governments, and farmers.
- EPC & Maintenance Services: Waaree provides complete solar project solutions, from setup to long-term maintenance, ensuring efficient performance.
Waaree Energies Fundamental Analysis
| Stock Name | Waaree Energies Ltd. |
|---|---|
| Market Cap | ₹ 66,219 |
| 52W High | ₹ 3,743 |
| 52W Low | ₹ 2,026 |
| Stock P/E (TTM) | 67.0 |
| Book Value | ₹ 169 |
| Dividend Yield | 0.00% |
| ROCE | 43.6 % |
| ROE | 33.4 % |
| Face Value | ₹ 10.00 |
| Share holders | Dec 2024 |
|---|---|
| Promoters | 64.31% |
| Flls | 1.40% |
| Dlls | 2.70% |
| Public | 31.58% |
| No. of Shareholders | 7,67,963 |
Key Factors Driving Waaree Energies Future Growth
- Growing Solar Demand: More homes, businesses, and industries are switching to solar power, which will boost Waaree Energies’ sales.
- Government Support: Subsidies from the Indian government will help Waaree Energies to grow more.
- Expanding Production: Waaree is building new solar cell factories in Gujarat. By March-April 2025, most of its 5.4 GW capacity will be ready, and its total solar panel-making capacity will reach 13.3 GW.
- Ready for Policy Changes: Even if the U.S. government changes rules on imports, Waaree is confident that demand for its products will remain high and it can adjust its business accordingly.
- Growing in Other Countries: The company is entering new markets in the Middle East, Africa, and Australia. This will help it earn from different regions and reduce risk.
Pros of Waaree Energies
- Strong Sales Growth: Waaree Energies revenue has grown with a CAGR of 80% over the last 3 years.
- Strong Profit Growth: Waaree Energies’ profit has grown with a CAGR of 180% over the last 3 years.
- High ROE: Waaree Energies has a good return on equity (ROE) track record with a 3 years average ROE of 34.7%.
- Increasing Cash Reserves: Waaree Energies is continuously increasing its cash reserves from just ₹231 crores in March 2022 to ₹4583 crores in September 2024, these reserves will help the company to expand further.
- Strong Order Book: The company’s current order book is 26.5 gigawatts, equivalent to approximately ₹50,000 crores.
Cons of Waaree Energies
- Too Dependent on the U.S. Market: Almost 99% of Waaree’s exports go to the U.S. If U.S. policies change or demand drops, Waaree’s business could suffer.
- Policy Changes Can Hurt Sales: The U.S. government has paused climate-related spending and stopped new offshore wind projects. If they reduce support for solar energy, Waaree’s sales could go down.
- Tough Competition: Waaree faces competition from big companies like Tata Power Solar, Vikram Solar, and Adani Mundra Solar. Competing with such giants can affect Waaree’s profits.
- Stock Price is Unstable: Waaree’s stock launched at ₹2,500, jumped to ₹3,741, but then started falling. Such big ups and downs make it risky for investors.
| Years | Target Price |
|---|---|
| Waaree Energies Share Price Target 2025 | ₹3,000 to ₹3,800 |
| Waaree Energies Share Price Target 2026 | ₹3,600 to ₹5,000 |
| Waaree Energies Share Price Target 2027 | ₹4,250 to ₹6,500 |
| Waaree Energies Share Price Target 2028 | ₹5,000 to ₹8,500 |
| Waaree Energies Share Price Target 2029 | ₹6,000 to ₹10,500 |
| Waaree Energies Share Price Target 2030 | ₹12,000 to ₹30,000 |
| Waaree Energies Share Price Target 2035 | ₹25,000 to ₹85,000 |
| Waaree Energies Share Price Target 2040 | ₹50,000 to ₹2,50,000 |
| Waaree Energies Share Price Target 2050 | ₹2,00,000 to ₹10,00,000 |
Conclusion
Waaree Energies is one of the top solar panel companies in India and is growing fast. It has strong sales, especially in the U.S., and is expanding its production. However, it depends too much on the U.S. market is risky. Changes in government policies could also affect its business. Despite these risks, Waaree has a bright future in the renewable energy sector. For latest updates, visit Waaree Energies official website.
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
Also Read: Adani Power Share Price Target 2025 to 2050