Waaree Renewables Share Price Target 2025–2030: A Solar Powerhouse?
Waaree Renewables Share Price Target 2025–2030: Waaree Renewable Technologies Ltd. (BOM: 534618), a key player in India’s renewable energy sector, is a subsidiary of Waaree Group, specializing in solar Engineering, Procurement, and Construction (EPC) services and power generation. As of June 30, 2025, its share price is approximately ₹985.40, with a market cap of ₹10,272.46 crore, reflecting a 9.8% increase over the past year despite a 49.2% drop from its 52-week high of ₹3,058.63. Backed by India’s push for 500 GW of renewable energy by 2030, Waaree Renewables is poised for growth. This guide provides share price targets for 2025–2030, blending financial analysis, technical insights, and recommended finance books to help investors make informed decisions.
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Table of Contents
Waaree Renewables Overview
Incorporated in 1999 as Sangam Renewables Ltd., Waaree Renewable Technologies Ltd. (WRTL) rebranded in July 2021. Headquartered in Mumbai, it focuses on solar EPC services, including rooftop, ground-mounted, and floating solar projects, and operates as a solar developer financing, constructing, and owning projects. The company has installed over 10,000 solar projects with a cumulative capacity of 1.9+ GW, catering to commercial and industrial clients.
Key Company Highlights
- Market Position: Part of Waaree Group, India’s largest solar module manufacturer with 12 GW capacity.
- Financials: FY25 revenue of ₹1,597.75 crore (+82.29% YoY), net profit of ₹229.16 crore (+58% YoY), Q4 FY25 revenue of ₹476.58 crore (+74.4% YoY).
- Promoter Holding: 74.4%, with FIIs at 1.13% and mutual funds at 0.01%.
- Growth Drivers: India’s 500 GW renewable energy target by 2030 and a 26.5 GW order book.
- No Dividends: Despite profits, no dividends are paid, focusing on reinvestment.
Waaree Renewables Share Price Target 2025
Analysts forecast Waaree Renewables’ share price to range between ₹1,050–₹2,017, averaging ₹1,525, implying a 54.7% upside from ₹985.40. Optimistic targets reach ₹2,000 (brokerage estimates).
Key Drivers
- Revenue Growth: Q4 FY25 revenue up 74.4% to ₹476.58 crore, with EBITDA at ₹126 crore (+68%).
- Order Wins: Secured a 2,012.47 MWp solar project, enhancing revenue visibility.
- Government Support: India’s renewable energy policies and PM Suryodaya Yojana boost demand.
- Brokerage Ratings: Analysts predict ₹1,956–₹2,017, driven by market expansion.
Technical Outlook
- Moving Averages: Trading below 200-day SMA (₹1,200) but above 50-day SMA (₹950), signaling consolidation.
- RSI: Neutral at 40–60, with potential bullish momentum above ₹1,000.
- Support/Resistance: Support at ₹841.15–950, resistance at ₹1,170–1,438.
2025 Price Target Table
| Period | Low Target | High Target | Average Target |
|---|---|---|---|
| Start of 2025 | ₹1,050.00 | ₹1,350.00 | ₹1,200.00 |
| Mid-2025 | ₹1,200.00 | ₹1,520.00 | ₹1,360.00 |
| End of 2025 | ₹1,380.00 | ₹2,017.00 | ₹1,525.00 |
Waaree Renewables Share Price Target 2026
The share price is projected to range between ₹1,400–₹2,000, averaging ₹1,750.
Growth Catalysts
- New Ventures: Plans to enter hybrid renewable projects and data center energy solutions.
- Financial Health: Debt-to-equity ratio reduced from 5.3 (FY21) to 0.5 (FY24).
- Technical Signals: Volatility Contraction Pattern (VCP) breakout suggests upside to ₹2,000.
Risks
- Volatility: 52-week range of ₹226.32–₹3,058.63 indicates high risk.
- Competition: Rising competition from smaller players pressures margins.
Waaree Renewables Share Price Target 2027
By 2027, analysts expect a share price range of ₹1,800–₹2,200, averaging ₹2,000.
Key Factors
- Order Book: 26.5 GW pipeline ensures long-term revenue.
- Localized Supply Chain: 90% local sourcing mitigates import costs.
- Analyst Sentiment: X posts suggest fair value at ₹1,438, indicating undervaluation.
Waaree Renewables Share Price Target 2028
For 2028, the share price could range between ₹2,200–₹2,500, averaging ₹2,350.
Strategic Moves
- Data Centers: Expansion into energy solutions for data centers.
- Green Hydrogen: Exploring new renewable energy segments.
- Analyst Outlook: Brokerages predict steady growth despite margin pressures.
Waaree Renewables Share Price Target 2029
In 2029, the share price is forecasted to range between ₹2,600–₹2,850, averaging ₹2,725.
Long-Term Drivers
- Market Leadership: Waaree Group’s 12 GW solar module capacity strengthens WRTL’s EPC business.
- Revenue CAGR: 158.72% over 5 years vs. industry average of 12.14%.
- Government Policies: Continued support for renewable energy adoption.
Waaree Renewables Share Price Target 2030
By 2030, the share price could range between ₹2,400–₹3,793, averaging ₹3,506.
Growth Outlook
- Capacity Expansion: Parent company Waaree Energies plans 5.4 GW additional cell manufacturing by FY25.
- Global Demand: Rising need for clean energy in India and abroad.
- Analyst Forecasts: Optimistic targets of ₹3,506–₹3,793, supported by strategic initiatives.
Price Target Summary Table (2025–2030)
| Year | Low Target | High Target | Average Target | Key Catalyst |
|---|---|---|---|---|
| 2025 | ₹1,050.00 | ₹2,017.00 | ₹1,525.00 | Order book growth |
| 2026 | ₹1,400.00 | ₹2,000.00 | ₹1,750.00 | Hybrid projects |
| 2027 | ₹1,800.00 | ₹2,200.00 | ₹2,000.00 | Localized supply chain |
| 2028 | ₹2,200.00 | ₹2,500.00 | ₹2,350.00 | Data center expansion |
| 2029 | ₹2,600.00 | ₹2,850.00 | ₹2,725.00 | Market leadership |
| 2030 | ₹2,400.00 | ₹3,793.00 | ₹3,506.00 | Global demand |
Why Invest in Waaree Renewables?
Waaree Renewables is a strong contender in India’s renewable energy sector, but its high volatility and lack of dividends require caution.
Investment Advantages
- Growth Potential: Revenue surged 82.29% in FY25, with a 26.5 GW order book.
- Government Backing: Benefits from India’s 500 GW renewable energy target.
- Strong Financials: Net profit up 82.7% to ₹93.81 crore in Q4 FY25.
- Technical Signals: Bullish patterns like Cup and Handle suggest upside to ₹3,250.
Risks to Consider
- High Volatility: 52-week range of ₹226.32–₹3,058.63, with a beta of 2.51.
- No Dividends: Reinvests profits, limiting income for shareholders.
- Competition: Margin pressure from smaller players.
- CFO Resignation: Recent exit of CFO Dilip Panjwani caused a 20% drop.
Recommended Finance Books for Stock Market Success
To better understand investments like Waaree Renewables, consider these best books for stock market:
- The Intelligent Investor by Benjamin Graham: A best finance book teaching value investing principles to evaluate Waaree’s fundamentals.
- One Up on Wall Street by Peter Lynch: A good book on stock market for spotting growth stocks like Waaree Renewables.
- Technical Analysis Explained by Martin Pring: A great finance book for analyzing Waaree’s chart patterns, such as VCP.
- Stock Investing for Dummies by Paul Mladjenovic: A book for beginners in stock market to understand volatility and risk.
- The Little Book of Common Sense Investing by John Bogle: A financial management book for long-term strategies.
Book Recommendations Table
| Book Title | Author | Best For | Keywords |
|---|---|---|---|
| The Intelligent Investor | Benjamin Graham | Value Investors | Best finance books, recommended finance books |
| One Up on Wall Street | Peter Lynch | Beginners | Books for beginners in stock market, good finance books |
| Technical Analysis Explained | Martin Pring | Technical Traders | Best books for stock market, good book on stock market |
| The Little Book of Common Sense Investing | John Bogle | Long-Term Investors | Best finance books, financial management book |
Additional Factors Driving Waaree Renewables’ Growth
Strategic Initiatives
- Order Book: 26.5 GW pipeline, including a 2,012.47 MWp project.
- New Segments: Expansion into data centers and green hydrogen.
- Localized Supply Chain: 90% local sourcing reduces costs.
Macroeconomic Tailwinds
- Government Policies: PM Suryodaya Yojana and 500 GW target by 2030.
- Global Demand: Rising need for solar energy globally.
- Analyst Optimism: Nuvama’s ₹2,805 target for parent Waaree Energies reflects sector strength.
Technical Analysis Insights
- Bullish Patterns: Cup and Handle and VCP breakouts signal upside to ₹3,250–₹3,660.
- Support Zone: ₹841.15–950, ideal for accumulation.
- Volatility Risk: Weakness below ₹950 could target ₹732.05.
How to Invest in Waaree Renewables Shares
- Open a Demat Account: Use platforms like ICICI Direct, Zerodha, or INDmoney.
- Read Finance Books: Study best books about finances like The Intelligent Investor for valuation techniques.
- Analyze Fundamentals: Check P/E (46.15), P/B (22.76), and EPS (₹21.98).
- Monitor Technicals: Use TradingView for patterns like Cup and Handle.
- Start Small: Invest ₹5,000–₹10,000 via SIPs to manage volatility.
- Consult Advisors: Seek professional guidance due to high beta (2.51).
Waaree Renewables Share Price Target FAQ
Q1: What is Waaree Renewables’ share price target for 2025?
A: Analysts predict ₹1,050–₹2,017, averaging ₹1,525.
Q2: Is Waaree Renewables a good long-term investment?
A: Yes, due to its order book and government support, but volatility and competition are risks.
Q3: Why is Waaree Renewables’ share price volatile?
A: A 49.2% drop from ₹3,058.63 due to CFO resignation and market corrections.
Q4: What are Waaree Renewables’ growth drivers?
A: 26.5 GW order book, data center expansion, and India’s 500 GW target.
Q5: What is Waaree Renewables’ P/E ratio?
A: 46.15, above the sector average of 30, indicating premium valuation.
Q6: Does Waaree Renewables pay dividends?
A: Yes, ₹1 per share in Q4 FY25, yielding 0.1%.
Q7: Which finance books help analyze Waaree Renewables?
A: Best finance books like Technical Analysis Explained and One Up on Wall Street offer tools for technical and fundamental analysis.
Disclaimer: Stock market investments carry risks. Past performance does not guarantee future results. Consult a financial advisor before investing.
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