Waaree Energies Share Price Target 2025 to 2030: Waaree Energies Limited, a leading name in the solar energy industry in India, is set for an exciting future, especially after its much-anticipated IPO in October 2024. The company’s growth and strong financial performance position it as an attractive investment option in the renewable energy sector. In this article, we will analyze the Waaree Energies share price target from 2025 to 2030 and explore the key factors that are expected to influence its share price during this period.
Waaree Energies: A Pioneer in Solar Power
Founded in 1990, Waaree Energies Limited has become one of India’s largest solar photovoltaic (PV) module manufacturers, with an impressive installed capacity of 12 GW. The company’s focus on clean energy and its competitive edge in solar PV module manufacturing have contributed to its rapid rise in the renewable energy market. Waaree’s manufacturing facilities in Gujarat produce a variety of solar panels, including Mono PERC, Bifacial, and Polycrystalline modules, which are known for their efficiency and affordability.
With the global push towards reducing carbon emissions, India’s renewable energy market is experiencing substantial growth, making Waaree Energies a top contender in the industry.
Waaree Energies IPO Overview
Waaree Energies launched its IPO on October 21, 2024, with a price band ranging from ₹1,427 to ₹1,503 per share. The IPO aims to raise ₹4,321.44 crore, with a fresh issue of ₹3,600 crore and an Offer for Sale (OFS) of ₹721.44 crore. The Grey Market Premium (GMP) is estimated to be ₹1,470, reflecting high demand and the possibility of strong listing gains.
Following the IPO, Waaree Energies’ share price is expected to reach ₹2,880 by the end of 2024, based on the company’s excellent financial performance and positive market sentiment.
Waaree Energies Financial Performance
Waaree Energies has experienced significant growth over the past few years, positioning itself as a major player in the renewable energy market. The company’s revenues have risen sharply from ₹2,854.3 crore in FY 2022 to ₹11,397.6 crore in FY 2024, and its net profit has grown from ₹79.7 crore in FY 2022 to ₹1,274.4 crore in FY 2024. These figures highlight Waaree’s ability to scale its operations and achieve financial success.
Key financial metrics for Waaree Energies include:
- Revenue in FY 2024: ₹11,397.6 crore
- EBITDA in FY 2024: ₹1,574.4 crore
- Net Profit in FY 2024: ₹1,274.4 crore
- Return on Equity (ROE) in FY 2024: 31.2%
These financial achievements indicate that Waaree Energies is on a growth trajectory, with the potential to see further increases in revenue and profitability as the demand for solar energy solutions continues to rise.
Waaree Energies Share Price Target for 2025 to 2030
Based on its current financial performance, industry trends, and market outlook, Waaree Energies is expected to see significant growth in its share price over the coming years. Below is an analysis of the Waaree Energies share price target for the years 2025 to 2030.
Waaree Energies Share Price Target Table (2025 to 2030)
| Year | Minimum Target Price (₹) | Maximum Target Price (₹) |
|---|---|---|
| 2024 | 2,500 | 2,880 |
| 2025 | 3,000 | 3,500 |
| 2026 | 3,800 | 4,200 |
| 2027 | 4,500 | 5,000 |
| 2028 | 5,500 | 6,200 |
| 2029 | 6,800 | 7,500 |
| 2030 | 8,000 | 9,500 |
Waaree Energies Share Price Target for 2024
With the ₹1,427 to ₹1,503 price range set for its IPO in October 2024, Waaree Energies is expected to perform well post-listing. The high Grey Market Premium and the company’s solid financials make a strong case for a rapid increase in its share price. By the end of 2024, Waaree Energies’ share price is expected to rise to around ₹2,880, reflecting investor confidence and strong demand in the solar energy sector.
Waaree Energies Share Price Target for 2025
As Waaree Energies continues to expand its production capacity and capitalize on government incentives for renewable energy projects, its share price is projected to rise further. In 2025, the company’s share price is expected to range between ₹3,000 and ₹3,500. This growth will be supported by increasing demand for solar panels, both domestically and globally, as well as the company’s leadership in the Indian solar PV module manufacturing industry.
Waaree Energies Share Price Target for 2026
In 2026, Waaree Energies is expected to see its share price increase to ₹3,800 to ₹4,200. This growth will be driven by the company’s continued success in securing large contracts, improving its operational efficiency, and benefiting from favorable government policies aimed at promoting solar energy. Waaree’s ability to innovate and produce high-quality solar panels at competitive prices will also contribute to its success.
Waaree Energies Share Price Target for 2027
By 2027, Waaree Energies’ share price is expected to reach between ₹4,500 and ₹5,000. The company’s investments in expanding its manufacturing capacity and its focus on technological innovation will continue to drive growth. Additionally, the global push towards reducing carbon emissions and adopting cleaner energy solutions will boost demand for Waaree’s solar panels, further supporting its share price growth.
Waaree Energies Share Price Target for 2028
In 2028, Waaree Energies is expected to achieve a share price target in the range of ₹5,500 to ₹6,200. As the company continues to lead in the renewable energy sector, it will benefit from ongoing government initiatives and growing interest from institutional investors. The company’s ability to maintain its market leadership and expand its global footprint will be key to its continued success.
Waaree Energies Share Price Target for 2029
By 2029, Waaree Energies’ share price is projected to reach between ₹6,800 and ₹7,500. The company’s focus on developing cost-effective and efficient solar energy solutions will enable it to stay ahead of its competitors. Furthermore, as solar energy becomes an increasingly important part of the global energy mix, Waaree Energies will continue to benefit from rising demand.
Waaree Energies Share Price Target for 2030
By 2030, Waaree Energies is expected to see its share price rise to between ₹8,000 and ₹9,500. As one of the leading players in India’s renewable energy sector, Waaree will continue to benefit from favorable market conditions, including increased government support for clean energy and rising demand for solar power solutions. The company’s strong financial position and focus on innovation will make it a top performer in the renewable energy space.
Factors Driving Waaree Energies Share Price Growth
Several factors will contribute to Waaree Energies’ share price growth over the coming years:
- Increasing Solar Energy Demand: As the world moves towards reducing carbon emissions, the demand for solar energy solutions is expected to rise, benefiting companies like Waaree Energies.
- Technological Advancements: Waaree Energies’ ability to produce more efficient and cost-effective solar panels will be a key driver of its growth.
- Government Policies: Supportive government policies, including subsidies and incentives for solar power projects, will provide a favorable environment for Waaree Energies to expand its operations.
- Global Expansion: Waaree Energies’ plans to expand its presence in international markets will further enhance its growth prospects.
Also Read: Hyundai Motor India Share Price Target 2025 to 2030
