The renewable energy business continues to grow rapidly mainly to the global shift towards clean energy alternatives. Waaree Renewable Technologies, an Indian firm that specializes in solar products and energy solutions, is one of the sector’s leading companies. Investors and market aficionados are keeping a close eye on Waaree’s stock, anticipating significant gains as the renewable industry continues to grow. In this analysis Future Stock Value will be help you to estimate for Waaree Renewable Share Price, as well as a study of the factors that may influence its growth.
Overview
Waaree Renewable Technologies Ltd, a subsidiary of the Waaree Group, is a renowned Indian firm that specializes in solar energy products and services. Established in 1989, the company has developed to become a key player in the renewable energy market. Waaree Renewable Technologies is well-known for producing high-efficiency solar modules, supplying solar power solutions, and providing associated services such as solar panel installation and maintenance.
The company’s main products include solar panels, solar inverters, batteries, and entire solar power systems. It also offers EPC (engineering, procurement, and construction) services for large-scale solar projects, as well as a vast network of operation and maintenance (O&M) services.
Waaree Renewable Technologies Limited is an engineering, procurement, and construction (EPC) company headquartered in India that specializes in renewable energy. The company specializes in solar EPC and power generation using renewable energy sources. It is also a solar developer, which finances, builds, owns, and manages solar installations. It offers its clients renewable energy by establishing both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open-access solar plants). The Company’s solutions and services include rooftop solar, floating solar, ground-mounted solar, capex, renewable energy service company (RESCO), and operations and maintenance. The floating solar solution installs solar panels on bodies of water such as lakes, ponds, and reservoirs. In the RESCO model, the Company gains ownership over the Indian economy help to achieve Waaree Renewable Technologies Share Price Target 2025.
Company Essentials
- Market Cap : ₹ 17,747.46 Cr.
- Enterprise Value : ₹ 17,640.63 Cr.
- No. of Shares : 10.42 Cr.
- P/E : 88.54
- P/B : 55.51
- Face Value : ₹ 02
- Div. Yiel : 0.06 %
- Book Value (TTM) : ₹ 30.67
- Operating Revenue : ₹ 116.82 Cr.
- Debt : ₹ 10 Cr.
- Promoter Holding : 74.44 %
- EPS (TTM) : ₹ 19.23
- Sales Growth : 153.81 %
- ROE : 80.88 %
- ROCE : 107.22 %
- Profit Growth : 150.71 %
Waaree Renewable Share Price Analysis and Quick Research Report
To estimate a company’s true net worth, stock investors must do a thorough review of its financial data. This is often accomplished by reviewing the company’s profit and loss account, balance sheet, and cash flow statement, which can be time-consuming and difficult. Indian economy help to achieve Waaree Renewable Technologies Share Price Target 2025.
Peer Comparison
| COMPANY | PRICERs. | MCAPCr. | P/B | P/E | EPSRs. | ROE% | ROCE% | P/S | EV/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| NHPC | 82.33 | 82,720.86 | 2.14 | 28.58 | 2.88 | 10.30 | 7.71 | 9.84 | 19.28 |
| Torrent Power | 1,693.80 | 81,421.29 | 6.26 | 35.52 | 47.70 | 15.60 | 15.69 | 4.08 | 18.07 |
| SJVN | 111.50 | 43,801.50 | 3.01 | 43.22 | 2.58 | 6.52 | 7.37 | 17.29 | 22.36 |
| Neyveli Lignite | 252.75 | 35,165.10 | 2.12 | 28.60 | 8.87 | 12.06 | 14.31 | 3.34 | 10.98 |
| CESC | 182.15 | 24,224.80 | 2.40 | 30.40 | 6.01 | 7.81 | 9.46 | 2.81 | 13.30 |
| Waaree Renewables | 1,617.35 | 16,860.32 | 52.74 | 84.12 | 19.23 | 80.88 | 107.22 | 19.44 | 59.22 |
| Reliance Power | 41.47 | 16,702.57 | 1.78 | 327.14 | 0.13 | 0.49 | 1.02 | 0 | 534.64 |
| Indian Energy Exch | 170.60 | 15,254.19 | 15.02 | 39.73 | 4.31 | 40.17 | 53.06 | 33.96 | 28.29 |
| Inox Wind Energy | 11,900 | 14,328.36 | 4.93 | 8.87 | 1,341.23 | 67.78 | 65.79 | 1,014.43 | 8.54 |
| Nava | 937.45 | 13,574.89 | 3.58 | 48.86 | 19.15 | 6.07 | 8.20 | 9.25 | 32.99 |
Shareholding Pattern
| Summary | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.4% | 74.5% | 74.5% | 74.5% | 74.5% | 74.5% | 74.5% | 74.5% | 74.5% | 74.5% | 74.5% | 74.5% |
| FII | 1.0% | 0.8% | 0.2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DII | 0% | 0.0% | 0.0% | 0.1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.6% | 24.7% | 25.3% | 25.4% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% | 25.5% |
| Others | 0% | 0.0% | 0% | 0.0% | 0.0% | 0% | 0.0% | 0% | 0.0% | 0% | 0.0% | 0.0% |
Quarterly Result
| Fiscal Period | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Period End Date | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
| Revenue | 876.44 | 350.96 | 161.50 | 12.98 |
| Total Revenue | 876.44 | 350.96 | 161.50 | 12.98 |
| Costof Revenue Total | 644.90 | 252.96 | 129.35 | 3.80 |
| Gross Profit | 231.54 | 98.00 | 32.15 | 9.18 |
| Selling/ General/ Admin Expenses Total | 17.30 | 12.92 | 5.60 | 0.73 |
| Depreciation/ Amortization | 5.46 | 2.95 | 3.67 | 1.69 |
| Other Operating Expenses Total | 7.05 | 1.34 | 3.05 | 1.46 |
| Total Operating Expense | 674.71 | 270.17 | 141.66 | 7.68 |
| Operating Income | 201.73 | 80.79 | 19.83 | 5.30 |
| Interest Inc( Exp) Net- Non- Op Total | -67.66 | -31.07 | -63.90 | -42.56 |
| Other Net | 3.45 | -0.85 | 7.77 | 2.36 |
| Net Income Before Taxes | 198.41 | 77.01 | 21.22 | 3.40 |
| Provisionfor Income Taxes | 50.37 | 21.68 | 12.32 | 5.77 |
| Net Income After Taxes | 148.04 | 55.33 | 8.89 | -2.37 |
| Minority Interest | 0.09 | 0.09 | -0.29 | – |
| Net Income Before Extra Items | 148.13 | 55.42 | 8.60 | -2.37 |
| Net Income | 148.13 | 55.42 | 8.60 | -2.37 |
| Income Availableto Com Excl Extra Ord | 148.13 | 55.42 | 8.60 | -2.37 |
| Income Availableto Com Incl Extra Ord | 148.13 | 55.42 | 8.60 | -2.37 |
| Diluted Net Income | 148.13 | 55.42 | 8.60 | -2.37 |
| Diluted Weighted Average Shares | 10.42 | 10.44 | 10.42 | 10.38 |
| Diluted EPS Excluding Extra Ord Items | 14.21 | 5.31 | 0.83 | -0.23 |
| DPS- Common Stock Primary Issue | 1.00 | 0.20 | 0.10 | – |
| Diluted Normalized EPS | 14.21 | 5.29 | 0.83 | -0.23 |
| Unusual Expense( Income) | – | 0.00 | – | 0.00 |
| Gain( Loss)on Saleof Assets | – | 1.81 | – | 0.00 |
| Total Adjustmentsto Net Income | – | – | – | 0.00 |
Profit & Loss
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Net Sales | 1.98 | 7.60 | 153.56 | 341.73 | 867.36 |
| Total Expenditure | 1.93 | 4.85 | 140.33 | 265.75 | 668.46 |
| Operating Profit | 0.04 | 2.75 | 13.23 | 75.98 | 198.90 |
| Other Income | 3.11 | 3.69 | 14.35 | 5.18 | 7.83 |
| Interest | 3.38 | 3.62 | 1.47 | 1.18 | 3.86 |
| Depreciation | 0.16 | 0.16 | 0.16 | 0.18 | 2.58 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0.40 | 2.66 | 25.95 | 79.81 | 200.29 |
| Provision for Tax | -0.21 | 0.32 | 5.55 | 20.40 | 51.35 |
| Net Profit | -0.19 | 2.34 | 20.40 | 59.41 | 148.94 |
| Adjusted EPS (Rs.) | -0.02 | 0.22 | 1.96 | 5.71 | 14.30 |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Equity and Liabilities | |||||
| Share Capital | 20.81 | 20.81 | 20.81 | 20.81 | 20.83 |
| Total Reserves | 9.61 | 11.97 | 31.40 | 90.62 | 238.53 |
| Borrowings | 36.67 | 36.94 | 0.09 | 0 | 0 |
| Other N/C liabilities | 0.72 | 0.91 | 0.87 | 0.91 | 8.78 |
| Current liabilities | 0.56 | 12.80 | 78.89 | 142.10 | 427.89 |
| Total Liabilities | 68.38 | 83.44 | 132.06 | 254.45 | 696.02 |
| Assets | |||||
| Net Block | 3.40 | 3.23 | 3.15 | 9.27 | 93.53 |
| Capital WIP | 0 | 0 | 0 | 80.05 | 3.03 |
| Intangible WIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 32.10 | 32.10 | 0.22 | 0.22 | 0.22 |
| Loans & Advances | 31.70 | 0.62 | 0.01 | 0.06 | 0.53 |
| Other N/C Assets | 0.02 | 0 | 0 | 0 | 3.49 |
| Current Assets | 1.16 | 47.48 | 128.67 | 164.85 | 595.22 |
| Total Assets | 68.38 | 83.44 | 132.06 | 254.45 | 696.02 |
Cash Flows
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |||
|---|---|---|---|---|---|---|---|---|
| Profit from operations | -0.40 | 2.66 | 25.95 | 79.81 | 200.29 | |||
| Adjustment | 0.45 | 0.11 | -12.45 | -2.75 | -0.55 | |||
| Changes in Assets & Liabilities | 3.52 | 0.78 | 23.17 | -13.61 | -56.68 | |||
| Tax Paid | -0.27 | -0.28 | -3.15 | -5.30 | -25.53 | |||
| Operating Cash Flow | 3.30 | 3.27 | 33.52 | 58.15 | 117.53 | |||
| Investing Cash Flow | 2.89 | -8.01 | 18.59 | -66 | -115.28 | |||
| Financing Cash Flow | -6.13 | 4.99 | -39.36 | -2.31 | 4.23 | |||
| Net Cash Flow | 0.06 | 0.25 | 12.75 | -10.16 | 6.48 |
Corporate Actions (Dividend)
| EX DATE | RECORD DATE | DIVIDEND% | AmountRs. | TYPE |
|---|---|---|---|---|
| 09 Sep 2024 | 10 Sep 2024 | 50 | 1 | Final |
| 18 Sep 2023 | 20 Sep 2023 | 10 | 1 | Final |
| 15 Sep 2022 | 17 Sep 2022 | 5 | 0.5 | Final |
| – | – | 5 | 0.5 | Interim |
“The financial figures mentioned in this analysis are derived from Ticker by Finology for accuracy and reliability.”
Waaree Renewable Share Price Analysis.
Waaree Renewable Technologies is trading -5.00% lower at Rs 1,617.35 than its previous closing price. Waaree Renewable Technologies has been trading between $1,728.00 and $1,617.35. Waaree Renewable Technologies has given 329.62% this year and 12.48% over the past five days.
In the last quarter, the company made a net profit of 53.54 crores.
Waaree Renewable Technologies’ listed counterparts include NLC India (-2.66%), CESC (-2.02%), and Waaree Renewable Technologies (-5.00%), among others.
Waaree Renewable Technologies holds a 25.56% public stake. The FII investment in Waaree Renewable Technologies was 0.98% on September 30, 2024. The FII holding has grown since the past quarter. Quarterly results can help to achieve Waaree Renewable Technologies Share Price Target 2025.
| Period | Minimum Target | Maximum Target |
| 2024 November | 1560 | 1700 |
| 2024 December | 1480 | 1600 |
| 2025 January | 1590 | 1740 |
| 2025 February | 1680 | 1810 |
| 2025 March | 1830 | 2010 |
| 2025 April | 1950 | 2170 |
| 2025 May | 2260 | 2430 |
| 2025 June | 2340 | 2590 |
| 2025 July | 2170 | 2320 |
| 2025 August | 2370 | 2500 |
| 2025 September | 2430 | 2640 |
| 2025 October | 2610 | 2940 |
| 2025 November | 2920 | 3390 |
| 2025 December | 3280 | 3620 |
Key Products and Services of Waaree Renewable Technologies
- Solar Panels : Waaree Renewable Technologies makes high-efficiency solar panels for home and commercial uses. These panels are well-known for their long-lasting quality, performance, and affordability. The company’s solar panels are widely used in both domestic and foreign markets.
- Solar Inverters : The company also manufactures solar inverters, which convert direct current (DC) electricity generated by solar panels into alternating current (AC) for use by electrical equipment. Waaree’s inverters are dependable, efficient, and specifically built to maximize solar energy production.
- Battery Solutions : Waaree develops solar battery solutions for storing extra energy generated by solar panels. These batteries allow users to maximize the potential of their solar systems by providing a consistent power supply even when sunlight is not available.
- EPC Services : Waaree has a good track record in the renewable energy market and provides EPC services for both small and large solar projects. From design and procurement to installation and commissioning, the organization oversees all areas of solar power projects to ensure optimal performance.
- O&M Services : The company offers operation and maintenance services for solar installations, ensuring that solar systems continue to work properly over time.
Factors Influencing Waaree Renewable Share Price
- Renewable Energy Market Growth: As governments throughout the world try for a transition to renewable energy, the demand for solar solutions is projected to increase. India, in particular, has aggressive targets for renewable energy capacity. Waaree’s focus on solar energy places it well to benefit from this spike, which could boost its stock price. Like this growth help to achieve Waaree Renewable Technologies Share Price Target 2025.
- Government Policies and Subsidies: The Indian government has implemented numerous incentives and subsidies to promote solar energy. Any positive legislative changes can help Waaree grow operations and potentially increase profitability.
- Technological Innovations and Expansion Plans: Waaree has been investing in sophisticated solar technologies and increasing production capacity. Successful implementation of these plans might result in increased market share, revenue, and a potentially higher stock price.
- Competitor Landscape: The renewable energy sector is competitive, with domestic and international companies striving for market share. Waaree’s capacity to outperform its competitors will be critical to determining its stock price of Waaree Renewable Technologies Share Price Target 2025.
- Global Economic Conditions and Market Sentiment: Economic factors such as inflation, interest rates, and investor enthusiasm toward renewable stocks can all have an impact on Waaree’s stock price. If investors continue to choose sustainable and ESG-compliant enterprises, Waaree’s worth could rise. Indian economy help to achieve Waaree Renewable Technologies Share Price Target 2025.
The Solar Revolution in India and Waaree’s Role
India is making significant progress in renewable energy adoption, with solar energy playing a key role. The Indian government’s ambitious goal of achieving 500 GW of non-fossil fuel-based capacity by 2030 has created an environment rich with potential for solar enterprises such as Waaree. Waaree Renewable Technologies Ltd is well-positioned to benefit from this expansion thanks to its significant experience, high-quality products, and solid reputation in the solar energy industry. The company has been involved in various large-scale solar power projects in India, contributing to the country’s shift to renewable energy.
As part of its international business plan, Waaree has made considerable inroads into global markets, delivering solar products to numerous nations in Asia, Africa, and Europe. This global footprint supports the company’s position as a renewable energy pioneer’s operations.
Financial Performance and Growth Potential
Waaree Renewable Technologies Ltd has experienced significant growth over the years, owing to rising demand for solar solutions. As solar panel prices fall and renewable energy use grows, Waaree’s product choices become more appealing to both residential and business customers.
The company’s emphasis on quality, innovation, and customer happiness has enabled it to gain a sizable market share in the Indian solar industry. With the government’s favorable regulations and incentives for solar power usage, Waaree is well-positioned to continue its growing trend.
Risks to Consider of Waaree Renewable Technologies Share Price Target 2025
- Policy Changes: Any decline in the government’s funding for renewable energy could have an impact on growth. Policy risks are substantial due to the renewable sector’s reliance on subsidies and incentives. Like that policy dangerous for achieve Waaree Renewable Technologies Share Price Target 2025.
- Operational and Financial Risks: Expansion requires financial commitments, and Waaree must maintain efficient operations to avoid problems that could jeopardize profitability. This factor dangerous for achieve Waaree Renewable Technologies Share Price Target 2025.
- Competitive Pressure: The renewable sector is competitive, and any underperformance against competitors may limit Waaree’s growth opportunities. This factor dangerous for achieve Waaree Renewable Technologies Share Price Target 2025.
Conclusion
Waaree Renewable Technologies is well positioned to capitalize on the worldwide renewable energy movement. However, potential investors should weigh the risks and actively monitor the company’s financial performance. For those with a high risk tolerance and a long-term investment view, Waaree may be a lucrative renewable energy possibility.
Final Thoughts on Investing in Waaree Renewable Technologies for 2025
While Waaree Renewable Technologies has potential, it is critical to undertake extensive research and proximity to financial professionals before investing. Investors may make informed conclusions about Waaree’s prospects as a renewable energy stock in 2025 by assessing current market conditions, the policy environment, and corporate performance. Indian economy help to achieve Waaree Renewable Technologies Share Price Target 2025.
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