Waaree Energies Share Price : Waaree Energies Ltd has become a major name in India’s renewable energy sector. In the last year, its share price has climbed more than 50%. The main reason for this rise is the company’s solid business performance, rising demand for solar energy, and aggressive expansion plans.
In September 2025, the company’s consolidated net profit jumped by 132.97% to ₹871.21 crore, compared to ₹375.66 crore last year. Revenue from operations also grew by 69.69% to ₹6,226.54 crore in Q2 FY26, up from ₹3,663.47 crore a year ago. Its EBITDA margin improved to 25.17% from 16.76%, showing better profitability. Waaree Energies’ EBITDA and profit after tax have both grown two to three times year-over-year, and production capacity is up by 42%.
Foreign Institutional Investors (FIIs) are also showing strong interest. Their stake has increased to 6.35% in the September 2025 quarter, compared to 2.68% in June 2025. This reflects trust in Waaree’s growth.
The company is India’s leader in solar module manufacturing with 16.7 GW module and 5.4 GW cell capacities. Waaree plans to expand this to 25.7 GW and 15.4 GW respectively by FY27. It is also active in related fields such as battery energy storage, green hydrogen, and inverters.
Order Book and Recent Quarterly Results
Waaree Energies has a solid order book of 25 GW, ensuring revenue stability for the near future. The company recently announced a dividend of ₹2 per share, which is positive for investors. After its IPO in October 2024, Waaree raised ₹4,321.44 crore to fuel future growth.
Brokerages remain positive about Waaree’s future. For example, Vertex Broking set a price target of ₹4,310, while Anand Rathi gave a target of ₹4,654. Nuvama Institutional Equities also raised its target after strong quarterly results. This shows that experts expect the shares to continue their upward trend in the coming years.
Waaree Energies Share Price & Fundamentals
Let’s look at some important fundamentals:
For the year ended March 2025, total sales were ₹1,48,460 million, growing by 27%. EBITDA stood at ₹31,230 million, showing a 72.6% increase. The EBITDA margin improved to 21.04%. These numbers show Waaree’s growing efficiency and strong demand for its products.
The focus on solar, battery energy storage, and green hydrogen means Waaree Energies could benefit from India’s policy support for renewable energy. The company wants to support the national target of 500 GW renewable capacity by 2030.
Waaree Energies Share Price Target 2025-2030
Below is a table summarizing the expected share price targets for Waaree Energies Ltd for the years 2025 to 2030. These targets are based on expert views and the latest forecast models available.
| Year | Minimum Target (₹) | Maximum Target (₹) | Other Estimates (Approx.) |
|---|---|---|---|
| 2025 | 4,105 | 4,654 | 4,310 |
| 2026 | 5,000 | 6,500 | 5,700 |
| 2027 | 7,000 | 8,800 | 7,950 |
| 2028 | 9,000 | 10,500 | 9,800 |
| 2029 | 10,400 | 11,200 | 11,000 |
| 2030 | 11,800 | 12,800 | 12,600 |
These share price targets may be influenced by market performance, government policies, and global trends in renewable energy. The company’s strong growth, increasing order book, and capacity expansion may help in reaching these goals sooner.
For example, according to a five-year forecast, Waaree Energies share price could cross ₹12,800 by the end of 2030, if the current momentum and execution continue.
Waaree Energies: Growth Opportunities and Challenges
Waaree Energies operates in a sector that is expected to grow sharply in the next decade. The Indian government is promoting renewable energy and plans to rapidly expand solar and green hydrogen projects. Waaree’s leadership in technology, production, and order book puts it in a good spot.
Challenges may include rising competition, possible policy changes, and global price fluctuations for key raw materials. Still, the company has shown strong execution so far, and most experts believe that its future is bright if it continues to deliver as it has recently.
Disclaimer: This article is for information only and not investment advice. Share prices are subject to market risks. Please consult your financial advisor before making any investment decisions.
