Here, we are going to share Waaree Renewable Technologies Share Price Target 2025, 2026, 2027, 2028, 2030, 2035, 2040 on the basis of its fundamental and technical analysis.
Waaree Renewable Technologies Ltd (WRTL), a part of the Waaree Group, is a market leader in India’s renewable energy sector.
It primarily focuses on solar energy solutions, including EPC (Engineering, Procurement, and Construction) services, rooftop and ground-mounted solar installations, and off-site solar farms.
Waaree Renewable Technologies Share Key Information
| Company Name | Waaree Renewable Technologies Ltd. |
| Headquarters | India |
| Sectors | Power Generation/Distribution |
| Market Cap | ₹ 15,003.17 Cr. |
| No. of Shares | 10.42 Cr. |
| Book Value | ₹ 30.67 |
| Dividend Yield | 0.07% |
| ROCE | 107.22% |
| ROE | 80.88% |
| Face Value | ₹ 2 |
| Sales Growth | 153.81% |
| Profit Growth | 150.71% |
Waaree Renewable Technologies Business Sector
- Solar Module Manufacturing: High-efficiency photovoltaic (PV) solar modules are manufactured for use in residential, commercial, and industrial applications.
- Engineering, Procurement, and Construction (EPC) Services: Turnkey solar projects for rooftop and ground-based systems, including project design, implementation, and maintenance.
- Solar Energy Solutions: Development of solar farms and off-grid solar systems to cater to regions with inadequate power supply.
- Export and Global Reach: Expanding its position in international markets by exporting solar modules and cooperating on worldwide renewable energy projects.
Board Members
- Nilesh Gandhi – Chairman & Independent Director
- Pujan Doshi – Managing Director
- Mitul Mehta – Independent Director
- Ambika Sharma – Independent Woman Director
- Viren Doshi – Executive Director
- Sunil Rathi – Non-Executive, Non-Independent Director
- Hitesh Mehta – Executive Director
- Dilip Panjwani – Chief Financial Officer
- Heema Shah – Company Secretary
Waaree Renewable Technologies Share Quarterly Results
| PARTICULARS | Jun 2024 | Sep 2024 |
|---|---|---|
| Net Sales | 236.27 | 524.42 |
| Total Expenditure | 195.02 | 452.88 |
| Operating Profit | 41.26 | 71.54 |
| Other Income | 2.84 | 3.49 |
| Interest | 3.03 | 4.09 |
| Depreciation | 1.51 | 1.56 |
| Exceptional Items | 0 | 0 |
| Profit Before Tax | 39.57 | 69.39 |
| Tax | 11.10 | 15.81 |
| Profit After Tax | 28.47 | 53.58 |
| Adjusted EPS (Rs) | 2.73 | 5.14 |
Waaree Renewable Technologies Company Profits and Losses
| PARTICULARS | Mar 2023 | Mar 2024 |
|---|---|---|
| Net Sales | 341.73 | 867.36 |
| Total Expenditure | 265.75 | 668.46 |
| Operating Profit | 75.98 | 198.90 |
| Other Income | 5.18 | 7.83 |
| Interest | 1.18 | 3.86 |
| Depreciation | 0.18 | 2.58 |
| Exceptional Items | 0 | 0 |
| Profit Before Tax | 79.81 | 200.29 |
| Provision for Tax | 20.40 | 51.35 |
| Net Profit | 59.41 | 148.94 |
| Adjusted EPS (Rs.) | 5.71 | 14.30 |
Waaree Renewable Technologies Share Price Target 2025-2040
| Year | Initial Target | Year-End Target |
|---|---|---|
| 2025 | ₹2177 | ₹2722 |
| 2026 | ₹3111 | ₹3665 |
| 2027 | ₹4044 | ₹4607 |
| 2028 | ₹4995 | ₹5549 |
| 2029 | ₹5960 | ₹6348 |
| 2030 | ₹6896 | ₹7492 |
| 2035 | ₹12263 | ₹13867 |
| 2040 | ₹17899 | ₹18846 |
Waaree Renewable Technologies Share Price Target 2025
| Year/Month | Predicted Target |
|---|---|
| January 2025 | ₹2177 |
| February 2025 | ₹2650 |
| March 2025 | ₹2700 |
| April 2025 | ₹2207 |
| May 2025 | ₹2178 |
| June 2025 | ₹2170 |
| July 2025 | ₹2211 |
| August 2025 | ₹2200 |
| September 2025 | ₹2300 |
| October 2025 | ₹2329 |
| November 2025 | ₹2494 |
| December 2025 | ₹2722 |
Based on the 2025 forecast, the initial target of Waaree Renewable Technologies share can could be ₹2177 and by the end of the year, the share price target is estimated to reach ₹2722.
Waaree Renewable Technologies Share Price Target 2026
| Year/Month | Predicted Target |
|---|---|
| January 2026 | ₹3111 |
| February 2026 | ₹3569 |
| March 2026 | ₹3644 |
| April 2026 | ₹3150 |
| May 2026 | ₹3093 |
| June 2026 | ₹3128 |
| July 2026 | ₹3155 |
| August 2026 | ₹3149 |
| September 2026 | ₹3238 |
| October 2026 | ₹3271 |
| November 2026 | ₹3434 |
| December 2026 | ₹3665 |
Based on the 2026 forecast, the initial target of Waaree Renewable Technologies share can could be ₹3111 and by the end of the year, the share price target is estimated to reach ₹3665.
Waaree Renewable Technologies Share Price Target 2027
| Year/Month | Predicted Target |
|---|---|
| January 2027 | ₹4044 |
| February 2027 | ₹4484 |
| March 2027 | ₹4587 |
| April 2027 | ₹4100 |
| May 2027 | ₹4049 |
| June 2027 | ₹4070 |
| July 2027 | ₹4099 |
| August 2027 | ₹4097 |
| September 2027 | ₹4184 |
| October 2027 | ₹4219 |
| November 2027 | ₹4399 |
| December 2027 | ₹4607 |
Based on the 2027 forecast, the initial target of Waaree Renewable Technologies share can could be ₹4044 and by the end of the year, the share price target is estimated to reach ₹4607.
Waaree Renewable Technologies Share Price Target 2028
| Year/Month | Predicted Target |
|---|---|
| January 2028 | ₹4995 |
| February 2028 | ₹5510 |
| March 2028 | ₹5527 |
| April 2028 | ₹5047 |
| May 2028 | ₹5006 |
| June 2028 | ₹5013 |
| July 2028 | ₹5042 |
| August 2028 | ₹5044 |
| September 2028 | ₹5122 |
| October 2028 | ₹5165 |
| November 2028 | ₹5345 |
| December 2028 | ₹5549 |
Based on the 2028 forecast, the initial target of Waaree Renewable Technologies share can could be ₹4995 and by the end of the year, the share price target is estimated to reach ₹5549.
Waaree Renewable Technologies Share Price Target 2029
| Year/Month | Predicted Target |
|---|---|
| January 2029 | ₹5960 |
| February 2029 | ₹6439 |
| March 2029 | ₹6466 |
| April 2029 | ₹5991 |
| May 2029 | ₹5962 |
| June 2029 | ₹5984 |
| July 2029 | ₹6060 |
| August 2029 | ₹6111 |
| September 2029 | ₹6197 |
| October 2029 | ₹6245 |
| November 2029 | ₹6298 |
| December 2029 | ₹6348 |
Based on the 2029 forecast, the initial target of Waaree Renewable Technologies share can could be ₹5960 and by the end of the year, the share price target is estimated to reach ₹6348.
Waaree Renewable Technologies Share Price Target 2030
| Year/Month | Predicted Target |
|---|---|
| January 2030 | ₹6896 |
| February 2030 | ₹6798 |
| March 2030 | ₹7102 |
| April 2030 | ₹7245 |
| May 2030 | ₹7116 |
| June 2030 | ₹6598 |
| July 2030 | ₹6498 |
| August 2030 | ₹6986 |
| September 2030 | ₹7138 |
| October 2030 | ₹7294 |
| November 2030 | ₹7382 |
| December 2030 | ₹7492 |
Based on the 2030 forecast, the initial target of Waaree Renewable Technologies share can could be ₹6896 and by the end of the year, the share price target is estimated to reach ₹7492.
Waaree Renewable Technologies Share Price Target 2035
| Year/Month | Predicted Target |
|---|---|
| January 2035 | ₹12263 |
| April 2035 | ₹12786 |
| July 2035 | ₹12963 |
| October 2035 | ₹13423 |
| December 2035 | ₹13867 |
Based on the 2035 forecast, the initial target of Waaree Renewable Technologies share can could be ₹12263 and by the end of the year, the share price target is estimated to reach ₹13867.
Waaree Renewable Technologies Share Price Target 2040
| Year/Month | Predicted Target |
|---|---|
| January 2040 | ₹17899 |
| April 2040 | ₹18246 |
| July 2040 | ₹18496 |
| October 2040 | ₹18512 |
| December 2040 | ₹18846 |
Based on the 2040 forecast, the initial target of Waaree Renewable Technologies share can could be ₹17899 and by the end of the year, the share price target is estimated to reach ₹18846.
Waaree Renewable Technologies Shareholding Pattern
| Terms | Percentage |
|---|---|
| Promoters | 74.44% |
| FIIs | 0.98% |
| DIIs | 0% |
| Others | 0% |
| Public | 24.57% |
Waaree Renewable Technologies Company Competitors
- Torrent Power
- SJVN
- Neyveli Lignite
- CESC
- Acme Solar Holdings
- Indian Energy Exch
- Reliance Power
- Nava
- Inox Wind Energy
Bull Case of Waaree Renewable Technologies (Reasons to Invest)
With India targeting 500 GW of renewable energy capacity by 2030, WRTL stands to benefit significantly as one of the key players in solar energy.
The organization has experienced a 299.26% profit rise during the last three years, also Company’s revenue has grown by 384.99% over the last three years.
Bear Case of Waaree Renewable Technologies (Risks Involved)
Despite efforts to localize, over 70% of raw materials are still imported, mostly from China, leaving the corporation exposed to risks related to geopolitics and price swings.
Waaree Renewable Technologies Share Price Target: FAQ
What will be the target of Waaree Renewable Technologies Share for the year 2025?
By the end of the year 2025, its share price can reach ₹2722.
What will be the target of Waaree Renewable Technologies Share for the year 2026?
By the end of the year 2026, its share price can reach ₹3665.
What will be the target of Waaree Renewable Technologies Share for the year 2027?
By the end of the year 2027, its share price can reach ₹4607.
What will be the target of Waaree Renewable Technologies Share for the year 2028?
By the end of the year 2028, its share price can reach ₹5549.
What will be the target of Waaree Renewable Technologies Share for the year 2029?
By the end of the year 2029, its share price can reach ₹6348.
What will be the target of Waaree Renewable Technologies Share for the year 2030?
By the end of the year 2030 its share price can reach ₹7492.
What is the Current market cap of Waaree Renewable Technologies company?
At present the market cap of this company is ₹ 15,003.17 Cr.
What is the BSE symbol of Waaree Renewable Technologies company?
The symbol of this company in BSE exchange is 534618 .
