[March] Waaree Energies Share Price Target 2024, 2025, 2026 to 2050

Waaree Energies Limited is one of the few foreign companies focusing only on making solar panels.

As the world moves more towards clean energy, the company is in a good position to help reduce carbon emissions globally.

With its strong focus on sustainability, Waaree Energies has the potential to make a big impact on the renewable energy market.

A close look at the company’s financial health, future stock price predictions, and long-term potential show a positive growth outlook.

In the coming years, as the need for renewable energy grows, Waaree Energies is expected to become a leader in the solar industry and help meet global energy needs in an environmentally friendly way.

This shows the company’s important role in the future of clean energy.

Waaree Energies Company Overview | About Waaree Energies

Waaree Energies Ltd. was founded in 1989 and is based in Mumbai.

The company works in the electric equipment industry and is listed on both the NSE and BSE.

Hitesh Chimanlal Doshi is the chairman of the company.

For more details, you can visit their official website at waaree.com.

Waaree Energies is one of India’s top manufacturers and suppliers of solar energy products.

They focus on solar solutions such as solar panels, water pumps, and inverters.

Over the years, the company has played a big role in supporting clean and sustainable energy.

By promoting solar technology, Waaree Energies aims to reduce carbon footprints and help people use more solar energy, making a positive impact on both India and the world.

This has helped them build a strong reputation in the industry.

Waaree Energies Fundamental Analysis

The company has a market value of ₹86,558.43 Crores, showing its strong position in the market.

It has a Return on Equity (ROE) of 38.50% and a Return on Capital Employed (ROCE) of 47.62%, which means it is profitable and uses its money efficiently.

The Price-to-Earnings (P/E) ratio is 75.38, which shows the market expects a lot from the company, while the Price-to-Book (P/B) ratio is 9.46, meaning its stock is valued higher than its book value.

However, the company does not pay dividends. The book value per share is ₹318.62, and each share has a face value of ₹10.

The Earnings Per Share (EPS) in the last 12 months is ₹39.97, showing strong earnings.

In the past 52 weeks, the stock price has ranged from ₹2,294.55 to ₹3,740.75, indicating some price fluctuation.

These key financial numbers suggest the company has growth potential, but its stock is priced highly, and it doesn’t pay dividends.

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Waaree Energies IPO Overview

The company’s IPO will take place from October 21, 2024, to October 23, 2024, with a price range of ₹1,427 to ₹1,503.

The total value of the IPO is ₹4,321.44 crore, with ₹3,600 crore from new shares and ₹721.44 crore from existing shares being sold.

The grey market price is around ₹1,470, which shows strong interest from investors.

The expected listing date is October 28, 2024.

In terms of performance, the company’s revenue grew from ₹2,854.3 crore in FY 2022 to ₹11,397.6 crore in FY 2024.

EBITDA increased from ₹111 crore to ₹1,574.4 crore, and net profit went up from ₹79.7 crore to ₹1,274.4 crore during the same period.

The basic earnings per share (EPS) rose from ₹7.6 to ₹15.9, while the return on equity (ROE) grew from 18.7% to 31.2%.

The company’s net worth grew from ₹427.13 crore to ₹4,074.84 crore.

This IPO shows the company’s growth in recent years. With strong financial performance, including higher revenue, profit, and net worth, the company appears financially healthy.

The high grey market price suggests that investors believe in its future potential.

The company’s strong results and growth prospects are likely to attract many investors.

The listing on October 28, 2024, is highly anticipated by stock market enthusiasts.

If you’re thinking about investing, it’s important to consider the company’s past performance and future growth.

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Waaree Energies Financials

Income Statement of Waaree Energies Company

In 2024, the company’s revenue grew by 68.83%, reaching INR 113.98 billion.

Its operating expenses increased by 42.64%, totaling INR 10.84 billion.

Net income rose sharply by 156.27%, reaching INR 12.37 billion.

The net profit margin improved from 10.85% to 51.75%.

EBITDA also went up by 89.08%, reaching INR 15.64 billion, with a tax rate of 26.52%.

Earnings per share information is not available for this period.

This strong financial performance shows significant growth, especially in net income and EBITDA.

The big increase in net income and profit margin suggests the company is managing costs well while boosting its revenue.

The rise in operating expenses was smaller than the revenue growth, showing the company is making smart investments.

With a solid tax rate, the company seems to be handling its obligations well, leading to good profits.

The missing earnings per share data might be due to changes in the number of shares or other adjustments.

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Balance Sheet of Waaree Energies Company

As of 2024, the company has shown strong financial growth.

It has ₹38.50 billion in cash and short-term investments, a 117.84% increase.

Total assets have grown to ₹113.14 billion, up by 52.48%, and total liabilities have risen to ₹71.65 billion, a 28.92% increase.

The company’s total equity is ₹41.48 billion, with 262.96 million shares outstanding.

The price-to-book ratio is 19.11. The return on assets is 8.66%, and the return on capital is 23.58%.

This report shows that the company is performing well, with significant growth in assets and cash reserves.

It suggests that the company is in a good financial position.

The high return on capital indicates that the company is making good use of its resources, and the price-to-book ratio shows that the market values the company highly compared to its book value, which reflects investor confidence.

Overall, this is a positive sign for investors, showing steady growth despite the increase in liabilities.

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Cash Flow of Waaree Energies Company

In 2024, the company earned 12.37 billion INR in net income, a 156.27% increase compared to the previous year.

Cash from operations grew by 47.74%, reaching 23.05 billion INR.

However, cash from investing decreased by 59.53%, resulting in a negative 33.40 billion INR.

Cash from financing rose by 41.51%, reaching 9.09 billion INR.

The total cash change was negative, at -1.32 billion INR, a large drop of 215.55%.

Free cash flow also went down, falling to -3.81 billion INR, a 241.77% decrease from the previous year.

This shows that while the company made good progress in income and cash from operations, it faced difficulties in investing and had negative free cash flow.

The drop in free cash flow suggests the company might be having trouble managing cash after spending on projects.

The negative cash change signals potential issues that may need attention to ensure financial stability going forward.

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Waaree Energies last 5 Years Results

For the period ending March 24, the company reported a total revenue of ₹867.36 crores, which is a big increase from ₹341.58 crores in March 2023, ₹153.50 crores in March 2022, ₹7.60 crores in March 2021, and ₹1.98 crores in March 2020.

The net revenue was also ₹867.36 crores, matching the gross revenue.

Other operating revenue was zero for March 2024, but it was ₹0.15 crores in March 2023, ₹0.06 crores in March 2022, and zero in March 2021 and 2020.

Total operating revenue for the year was ₹867.36 crores in March 2024, ₹341.73 crores in March 2023, ₹153.56 crores in March 2022, ₹7.60 crores in March 2021, and ₹1.98 crores in March 2020.

Other income for March 2024 was ₹7.83 crores, which is a little higher than ₹5.18 crores in March 2023 but lower than ₹14.35 crores in March 2022, ₹3.69 crores in March 2021, and ₹3.11 crores in March 2020.

The total revenue for March 2024 reached ₹875.19 crores, showing a large increase from ₹346.92 crores in March 2023, ₹167.91 crores in March 2022, ₹11.30 crores in March 2021, and ₹5.08 crores in March 2020.

This data shows strong revenue growth, especially in the past year, with significant increases compared to earlier years.

The rise in revenue suggests that the company is doing better, which could be due to factors like more sales, better business strategies, and possibly a better market environment.

The growth in both gross and net revenue shows that the company is effectively generating revenue, while the other income, though changing, adds to the overall increase in revenue.

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Waaree Renewables Expenses

For the period ending March 24, the company reported a total revenue of ₹867.36 crores, which is a big increase from ₹341.58 crores in March 2023, ₹153.50 crores in March 2022, ₹7.60 crores in March 2021, and ₹1.98 crores in March 2020.

The net revenue was also ₹867.36 crores, matching the gross revenue.

Other operating revenue was zero for March 2024, but it was ₹0.15 crores in March 2023, ₹0.06 crores in March 2022, and zero in March 2021 and 2020.

Total operating revenue for the year was ₹867.36 crores in March 2024, ₹341.73 crores in March 2023, ₹153.56 crores in March 2022, ₹7.60 crores in March 2021, and ₹1.98 crores in March 2020.

Other income for March 2024 was ₹7.83 crores, which is a little higher than ₹5.18 crores in March 2023 but lower than ₹14.35 crores in March 2022, ₹3.69 crores in March 2021, and ₹3.11 crores in March 2020.

The total revenue for March 2024 reached ₹875.19 crores, showing a large increase from ₹346.92 crores in March 2023, ₹167.91 crores in March 2022, ₹11.30 crores in March 2021, and ₹5.08 crores in March 2020.

This data shows strong revenue growth, especially in the past year, with significant increases compared to earlier years.

The rise in revenue suggests that the company is doing better, which could be due to factors like more sales, better business strategies, and possibly a better market environment.

The growth in both gross and net revenue shows that the company is effectively generating revenue, while the other income, though changing, adds to the overall increase in revenue.

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Waaree Energies Share Price Target 2024

The company focuses on making solar panels, batteries, and other solar products, providing a variety of solutions for different energy needs.

Their products include solar systems for the ground, rooftops, and even floating systems that collect energy from water like ponds and lakes.

They also offer regular maintenance services to keep their equipment working well over time. Experts predict that in 2024, the company’s share price could be between ₹2320 and ₹4010, showing its strong position and potential for growth in the growing solar industry.

This forecast reflects the company’s leadership in renewable energy and its ability to keep innovating and succeeding.

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Waaree Energies Share Price Target 2025

The company has made great progress in promoting clean energy, especially by installing solar panels on rooftops at several Mumbai Metro stations, which helps during power shortages.

It also worked with the National Thermal Power Corporation (NTPC) in Gujarat to start the region’s first floating solar power project, a big step in clean energy.

With a strong focus on encouraging the use of renewable energy, the company is set to play an important role in the future of clean energy.

Based on its strong history, experts predict that the company’s share price will reach ₹4401 by 2025.

However, experts expect the stock price to range between ₹2920 and ₹4401 in 2025, considering possible market changes and the company’s continued efforts to grow its renewable energy projects.

The outlook is positive as the company keeps advancing sustainable energy solutions.

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Waaree Energies Share Price Target 2027

Waaree Energies Share Price Target 2030

The company is working on a big project in Maharashtra to produce 34,500 MWh of power every year and make 64,312 Waaree 325-watt solar panels.

With experience in delivering 6 GW of solar panels and completing projects totaling 1.1 GW, the company is focused on providing affordable, sustainable energy solutions.

Due to its strong performance and plans for the future, experts expect the company’s share price to grow.

By 2030, it could reach ₹8710, with a range between ₹6310 and ₹8710.

This shows the company’s dedication to green energy and its impact on the renewable energy industry.

As it continues to expand and focus on sustainability, the company’s future looks bright, offering long-term value for investors.

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Waaree Energies Quarterly Report

In June 2024, the company earned ₹3496 crore, up from ₹3415 crore in June 2023.

Expenses were ₹2966 crore, slightly higher than ₹2958 crore last year.

EBITDA (earnings before interest, taxes, and other deductions) was ₹639.99 crore, compared to ₹554.30 crore in 2023.

EBIT (earnings before interest and taxes) stood at ₹564.23 crore, higher than ₹497.43 crore last year.

Net profit for June 2024 was ₹401.13 crore, up from ₹338.27 crore in June 2023.

The operating profit margin increased to 18.77%, from 16.65% in the previous year.

The net profit margin also grew to 11.56%, compared to 10.10% last year.

Earnings per share (EPS) were ₹14.93, up from ₹13.64 in June 2023.

There were no dividends paid for either year.

Overall, the company has shown growth, with higher revenue, profits, and margins.

Both EBITDA and EBIT increased, showing better efficiency.

The rise in net profit highlights the company’s strong financial health and ability to create value for its stakeholders.

Even though no dividends were paid, the company’s overall financial performance improved, which is a positive sign for investors.

The higher profit margins show better cost control and a strong growth strategy.

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Waaree Energies Share Price Target 2035

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Waaree Energies Share Price Target 2040

Waaree Energies Share Price Target 2050

As we look around, it’s clear that pollution in the air is increasing quickly.

This problem is becoming a major concern for everyone, and to address it, governments are focusing more on using renewable resources.

This company is leading the way in the renewable resource industry.

It has secured important government contracts in the past and is expected to get more in the future.

With its ongoing efforts to improve and innovate, the company is set for strong growth.

This growth is likely to bring in significant profits.

Based on our analysis, by 2050, the company’s share price could rise a lot, possibly reaching ₹28,047.

However, expert predictions and public opinions suggest the share price will likely range between ₹26,065 and ₹28,095 by 2050, showing the company’s solid position in the renewable sector and its bright future.

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Peer Comparison Table

Waaree Energies has a market value of ₹43,179 crore, a P/E ratio of 33.9x, and a revenue of ₹11,397.6 crore for FY 2024.

Adani Green Energy is worth ₹1,50,000 crore, with a P/E ratio of 40x and revenue of ₹15,000 crore for FY 2024.

Tata Power has a market value of ₹50,000 crore, a P/E ratio of 25x, and revenue of ₹12,500 crore for FY 2024.

Renew Power is valued at ₹30,000 crore, with a P/E ratio of 35x and revenue of ₹8,000 crore for FY 2024.

These companies are leaders in the renewable energy sector in India.

Their strong financial results show the growing interest and investment in clean energy.

As the world focuses more on clean energy, companies like Waaree Energies, Adani Green Energy, Tata Power, and Renew Power are well-positioned to benefit.

Their revenue growth and high P/E ratios show that investors are confident in the sector.

As India works to reduce its carbon emissions and increase renewable energy, these companies will likely play a big role in meeting future energy needs.

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Waaree Energies Share Price Target 2024 to 2050

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Is Waaree Energies Good for Long-Term Investment?

Conclusion

Waaree Energies is a well-known and trusted brand, recognized for its high-quality solar products.

The company makes, sells, and services solar panels and has become an important part of the renewable energy industry.

With a history of successful partnerships on government projects and ongoing orders, Waaree Energies is continuing to grow in the sector.

This article gives a clear overview of the company’s operations, financial outlook, and major achievements.

If you’re thinking about investing in Waaree Energies, this guide will offer helpful information on its market performance, growth, and possible risks and rewards.

By understanding the company’s goals and its role in renewable energy, you can make a better decision before investing.