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Waaree Renewables Technologies Share Price Target 2025, 2026 to 2030

Waaree Renewables Technologies Share Price Target 2025, 2026 to 2030

Price Target February 5, 2025 0
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Waaree Renewables Technologies Ltd (WRTL), a subsidiary of Waaree Energies Limited, is a key player in India’s renewable energy sector, specializing in Solar Engineering, Procurement, and Construction (EPC) services. Established in 1999, WRTL has carved a niche in the generation of power through renewable sources and offers consultancy services for sustainable energy projects. With a strong focus on ground-mounted solar, rooftop installations, and innovative floating solar projects, the company has successfully completed over 10,000 solar installations, achieving an impressive cumulative operational capacity exceeding 600 MW. Dedicated to accelerating the transition to net-zero emissions, WRTL prioritizes sustainable and innovative solutions tailored for the commercial and industrial sectors. Its parent company, Waaree Energies, is among India’s leading vertically integrated energy firms, boasting the country’s largest solar panel manufacturing capacity of 12 GW, supported by state-of-the-art facilities in Chikhli, Surat, and Umbergaon, Gujarat. Together, they aim to revolutionize India’s renewable energy landscape through strategic investments and cutting-edge technologies.

Shareholdings Patterns of Waaree Renewables Technologies

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters +74.46%74.46%74.46%74.44%74.39%
FIIs +0.00%0.20%0.83%0.98%0.99%
DIIs +0.09%0.01%0.01%0.00%0.01%
Public +25.43%25.33%24.69%24.58%24.60%
No. of Shareholders28,98586,4821,85,3402,20,7022,84,189

The shareholding pattern of Waaree Renewables Technologies Ltd demonstrates a stable promoter holding alongside gradual changes in institutional and public ownership. Promoters consistently held a majority stake, starting at 74.46% in December 2023 and slightly decreasing to 74.39% by December 2024. Foreign Institutional Investors (FIIs) showed a growing interest, increasing their share from 0.00% in December 2023 to 0.99% by December 2024, reflecting heightened international confidence in the company. Domestic Institutional Investors (DIIs) maintained a negligible stake, varying slightly but remaining around 0.01%. Public shareholding exhibited a marginal decline, from 25.43% in December 2023 to 24.60% by December 2024, indicating a shift towards institutional investors. The number of shareholders significantly increased, surging from 28,985 in December 2023 to an impressive 2,84,189 by December 2024, highlighting growing retail and institutional interest in Waaree Renewables Technologies Ltd.

How to Purchase Waaree Renewables Technologies Shares in India?

Below are the trading platforms that you can use to purchase Waaree Renewables Technologies shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Waaree Renewables Technologies Share Price Prediction: 2025, 2026 to 2030

Waaree Renewables Technologies Share Price Prediction 2025

WhenMaximum PriceMinimum Price
February 20251,077.99829.22
March 20251,100.63846.64
April 20251,089.73838.25
May 20251,057.99813.84
June 20251,105.60850.46
July 20251,083.92833.79
August 20251,117.44859.57
September 20251,130.85869.89
October 20251,160.26892.50
November 20251,189.26914.82
December 20251,242.78955.98

As we step into 2025, Waaree Renewables Technologies’ share prices may range from ₹1,077.99 to ₹829.22 in February. By December 2025, the shares could reach a maximum of ₹1,242.78 and a minimum of ₹955.98.

Waaree Renewables Technologies Share Price Target 2026

WhenMaximum PriceMinimum Price
January 20261,280.06984.66
February 20261,248.06960.05
March 20261,273.02979.25
April 20261,299.00999.23
May 20261,286.14989.34
June 20261,318.291,014.07
July 20261,292.45994.19
August 20261,332.421,024.94
September 20261,359.071,045.44
October 20261,394.401,072.62
November 20261,429.261,099.43
December 20261,464.991,126.92

As we move through 2026, Waaree Renewables Technologies’ share prices are expected to exhibit an upward trajectory. In January, the share price may reach a maximum of ₹1,280.06 and a minimum of ₹984.66. By December, it could peak at ₹1,464.99 while maintaining a minimum of ₹1,126.92, reflecting consistent growth throughout the year.

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Waaree Renewables Technologies Share Price Prediction 2027

WhenMaximum PriceMinimum Price
January 20271,479.641,138.19
February 20271,517.581,167.37
March 20271,576.771,212.90
April 20271,545.851,189.12
May 20271,500.831,154.48
June 20271,568.361,206.43
July 20271,537.611,182.78
August 20271,585.171,219.36
September 20271,640.651,262.04
October 20271,683.301,294.85
November 20271,725.391,327.22
December 20271,768.521,360.40

Waaree Renewables Technologies Share Price Target 2028

WhenMaximum PriceMinimum Price
January 20281,803.891,387.61
February 20281,850.151,423.19
March 20281,922.301,478.69
April 20281,884.611,449.70
May 20281,829.721,407.48
June 20281,912.061,470.81
July 20281,874.561,441.97
August 20281,932.541,486.57
September 20282,000.181,538.60
October 20282,052.181,578.60
November 20282,103.491,618.07
December 20282,156.081,658.52

Waaree Renewables Technologies Share Price Prediction 2029

WhenMaximum PriceMinimum Price
January 20292,199.201,691.69
February 20292,255.591,735.07
March 20292,343.551,802.73
April 20292,297.601,767.39
May 20292,230.681,715.91
June 20292,331.061,793.13
July 20292,285.361,757.97
August 20292,356.041,812.34
September 20292,438.501,875.77
October 20292,501.901,924.54
November 20292,564.451,972.65
December 20292,628.562,021.97

Waaree Renewables Technologies Share Price Target 2030

WhenMaximum PriceMinimum Price
January 20302,681.132,062.41
February 20302,749.882,115.29
March 20302,857.122,197.79
April 20302,801.102,154.69
May 20302,719.512,091.93
June 20302,841.892,186.07
July 20302,786.172,143.21
August 20302,872.342,209.49
September 20302,972.872,286.82
October 20303,050.162,346.28
November 20303,126.422,404.94
December 20303,204.582,465.06

As we progress through 2030, Waaree Renewables Technologies’ share prices are projected to show significant growth. In January, the share price could reach a maximum of ₹2,681.13 and a minimum of ₹2,062.41. By December, the share price is expected to rise further, achieving a maximum of ₹3,204.58 and a minimum of ₹2,465.06, indicating steady upward momentum throughout the year.

Financial Condition of Waaree Renewables Technologies

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales +281543428671,394
Expenses +251402666681,134
Operating Profit031376199260
OPM %2%36%9%22%23%19%
Other Income +34145812
Interest3411414
Depreciation000036
Profit before tax032680200252
Tax %-52%12%21%26%26%
Net Profit +022059149187
EPS in Rs-0.020.221.965.7114.317.94
Dividend Payout %0%0%5%4%7%

Waaree Renewables Technologies has exhibited remarkable financial growth over the years, demonstrating its strong position in the renewable energy sector. From March 2020 to the trailing twelve months (TTM), the company’s sales surged from ₹2 crore to ₹1,394 crore, showcasing its ability to scale operations effectively. Similarly, expenses increased from ₹2 crore to ₹1,134 crore, but the company maintained healthy profitability, with operating profit rising from ₹0 crore to ₹260 crore during the same period. The Operating Profit Margin (OPM) improved from 2% in March 2020 to a robust 19% in the TTM.

Net profit growth has been exceptional, climbing from ₹0 crore in March 2020 to ₹187 crore in the TTM. Earnings per Share (EPS) have also seen a significant jump, growing from a negative ₹0.02 to ₹17.94. The dividend payout percentage, while modest, has increased from 0% in March 2020 to 7% in March 2024, indicating the company’s commitment to rewarding its shareholders. These figures underline Waaree Renewables Technologies’ strong financial trajectory and its potential for sustained growth in the renewable energy industry.

FAQs

What is Waaree Renewables Technologies current market capitalization?

Waaree Renewables Technologies current market capitalization stands at ₹10,268 crore.

What is Waaree Renewables Technologies current share price?

As of February 05th, 2025, Waaree Renewables Technologies current share price is ₹985.

What is Waaree Renewables Technologies share price target for 2025?

Waaree Renewables Technologies share price target for 2025 ranges from a minimum of ₹813.84 to a maximum of ₹1,242.78.

What is Waaree Renewables Technologies share price target for 2030?

The share price target for Waaree Renewables Technologies in 2030 is projected to range between ₹2,062.41 and ₹3,204.58.

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Conclusion

In conclusion, Waaree Renewables Technologies Ltd (WRTL), a subsidiary of Waaree Energies Limited, has established itself as a key player in India’s renewable energy sector, leveraging its expertise in solar EPC services and sustainable energy solutions. The company’s steady financial growth, highlighted by a significant increase in sales, net profit, and EPS over the years, underscores its strong operational capabilities and commitment to innovation.

With a stable shareholding pattern and growing institutional interest, coupled with optimistic share price projections for 2025 to 2030, WRTL demonstrates significant potential for long-term growth. Its alignment with global renewable energy goals, coupled with strategic investments and cutting-edge technology, positions it as a promising contributor to India’s transition to sustainable energy.

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Author: Ashnoor

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