Waaree Energies Ltd Share Price Analysis

As of January 27, 2025, Waaree Energies Ltd. is trading at ₹2,171 per share. Here’s a comprehensive analysis covering technical and fundamental aspects, future growth prospects, pipeline projects, and the expected target for 2025:

1. Company Overview

Waaree Energies Ltd., established in 1990, is a leading Indian manufacturer of solar photovoltaic (PV) modules. The company has an installed capacity of 12 GW and operates five manufacturing facilities across India. It holds a 21% share of the domestic solar module market and a 44% share in India’s solar module exports.

2. Technical Analysis

• Current Price: ₹2,171
• Support and Resistance Levels:
  • Immediate Support: ₹2,100
  • Immediate Resistance: ₹2,250
  A break below ₹2,100 may lead to further downside, while surpassing ₹2,250 could signal upward momentum.
• Moving Averages:
  • 10-Day Simple Moving Average (SMA): ₹2,180
  • 50-Day SMA: ₹2,150
  • 200-Day SMA: ₹2,100
  The stock is trading above its 50-day and 200-day SMAs, indicating a bullish trend.

3. Fundamental Analysis

• Market Capitalization: ₹69,669.05 crore
• Key Financial Metrics (FY24):
  • Net Profit Growth: Increased by 154.8%, from ₹79.7 crore in FY2022 to ₹1,274.4 crore in FY2024.
  • EBITDA Margin: Improved from 3.9% to 13.8%, indicating enhanced operational efficiency.

4. Future Growth Aspects

• Market Leadership: Waaree Energies is India’s largest manufacturer and exporter of solar modules, with a 21% share of the domestic market and a 44% share in exports.
• Capacity Expansion: The company has increased its installed capacity from 2 GW in FY21 to 13.3 GW by FY24, reflecting significant growth.
• Technological Advancements: Waaree Energies is investing in advanced solar technologies to enhance efficiency and reduce costs, positioning itself for future growth.

5. Pipeline Projects

• Manufacturing Expansion: The company is expanding its manufacturing facilities to increase production capacity, aiming to meet the growing demand for solar modules.
• International Expansion: Waaree Energies is exploring opportunities in international markets to diversify its revenue streams and reduce dependence on the domestic market.

6. Expected Target for 2025

Analyst projections suggest a potential share price target of ₹3,790 by the end of 2025, indicating a possible upside of approximately 74% from the current price.

7. Conclusion

Waaree Energies Ltd. exhibits strong financial performance, market leadership, and a robust growth trajectory. The company’s strategic initiatives in capacity expansion and technological advancements position it well for future growth. The projected share price target for 2025 reflects optimism about the company’s prospects.