Share of Waaree Renewable Technologies Limited is currently trading at around Rs.1383/-. Investors are asking for Waaree Renewables Share Price Target from 2024 to 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the Waaree Renewables Share Price Target from 2024 to 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Waaree Renewable Technologies Limited:
Waaree Renewable Technologies: Shining Bright in the Solar Power Boom
Waaree Renewable Technologies Limited (WRTL) is a strong contender in India’s burgeoning solar energy sector. With impressive recent performance and a strong market following, the company’s future business prospects appear bright. Let’s delve into the factors that position Waaree for continued success.
Riding the Solar Wave:
The Indian government’s ambitious renewable energy targets and the increasing focus on sustainability are driving a surge in solar power adoption. Industry projections anticipate India’s solar energy capacity to reach a staggering 206 GW by 2027, a significant jump from the current levels. This rising tide lifts all boats, and Waaree is well-positioned to capitalize on this growth.
Strong Financials and Order Book:
Waaree boasts impressive financial results. FY23 saw a remarkable 117% revenue increase, and Q2 FY24 continued this trend with a 24.47% YoY jump. With a robust order book of 749 MW peak (as of December 2024) and a bidding pipeline of a whopping 9 gigawatts, the company has clear visibility for future projects. Their healthy conversion rate of 30-40% on bids further strengthens their growth prospects.
Market Leadership and Diversification:
Waaree is a leading player in the Indian solar EPC (Engineering, Procurement, and Construction) space. They have a proven track record, having supplied over 6 GW of solar modules and commissioned more than 1.1 GW of solar EPC projects. Beyond EPC, the company also manufactures solar cells and modules, providing a diversified revenue stream and a hedge against market fluctuations. Their global presence, serving over 427 customers across India and abroad, adds another layer of resilience.
Potential Challenges and Opportunities:
While the future looks bright, Waaree needs to navigate some potential challenges. Intense competition in the solar sector could put pressure on margins. Additionally, fluctuations in raw material prices and dependence on government policies are factors to consider. However, Waaree’s strong brand reputation, focus on innovation, and commitment to quality can help them overcome these hurdles.
Looking at the flip side, exciting opportunities exist. Expanding into rooftop solar solutions and energy storage solutions could be lucrative ventures. Additionally, venturing into international markets with high solar potential presents significant growth prospects.
Overall, Waaree Renewable Technologies Limited appears to be on a solid growth trajectory. The company’s strong financial performance, robust order book, and leadership in the Indian solar EPC market position it well to benefit from the booming solar energy sector. By navigating potential challenges and exploring new avenues, Waaree is poised to shine even brighter in the years to come.
Share Price Targets:
Waaree Renewables Share Price Target 2024
Based on the above discussion and analysis,the share price of Waaree Renewables is likely to touch the level of around Rs.1525-1550 in 2024
Waaree Renewables Share Price Target 2025
Based on the above discussion and analysis,the share price of Waaree Renewables is likely to touch the level of around Rs.1725-1750 in 2025
Waaree Renewables Share Price Target 2026
Based on the above discussion and analysis,the share price of Waaree Renewables is likely to touch the level of around Rs.1925-1950 in 2026
Waaree Renewables Share Price Target 2027
Based on the above discussion and analysis,the share price of Waaree Renewables is likely to touch the level of around Rs.2125-2150 in 2027
Waaree Renewables Share Price Target 2028
Based on the above discussion and analysis,the share price of Waaree Renewables is likely to touch the level of around Rs.2475-2500 in 2028
Waaree Renewables Share Price Target 2029
Based on the above discussion and analysis,the share price of Waaree Renewables is likely to touch the level of around Rs.2725-2750 in 2029
Waaree Renewables Share Price Target 2030
Based on the above discussion and analysis,the share price of Waaree Renewables is likely to touch the level of around Rs.3225-3250 in 2030
Waaree Renewables Share Price Target 2035
Based on the above discussion and analysis,the share price of Waaree Renewables is likely to touch the level of around Rs.5225-5250 in 2035
Waaree Renewables Share Price Target 2040
Based on the above discussion and analysis,the share price of Waaree Renewables is likely to touch the level of around Rs.8225-8250 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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