Waaree Energies Limited ranks among very few companies with foreign origin that are dedicated to production of solar photovoltaic panels solely. Since the world is shifting towards the search for clean power sources, this company will play a critical role in the strategy of minimizing carbon emissions on the global level. Beyond it, a detailed, a detailed analysis of the financial situation of the firm, its expected share price, and estimated market potential of the firm in the next several decades are provided.
Waaree Energies IPO Overview
- IPO Date: October 21, 2024 – October 23, 2024
- Price Band: ₹1,427 to ₹1,503
- Total Issue Size: ₹4,321.44 crore
- New Issue: ₹3,600 crore
- Offer for Sale (OFS): ₹721.44 crore
- Grey Market Premium (GMP): ₹1,470 (approximately), indicating strong investor interest.
- Listing Date: October 28, 2024 (Tentative)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenue | ₹2,854.3 crore | ₹6,533.2 crore | ₹11,397.6 crore |
| EBITDA | ₹111 crore | ₹1,095.4 crore | ₹1,574.4 crore |
| Net Profit | ₹79.7 crore | ₹1,045.8 crore | ₹1,274.4 crore |
| EPS (Basic) | ₹7.6 | ₹10.5 | ₹15.9 |
| ROE | 18.7% | 25.6% | 31.2% |
| Net Worth | ₹427.13 crore | ₹3,825 crore | ₹4,074.84 crore |
Key Metrics for Waaree Energies IPO
| Metric | Details |
|---|---|
| Price Band | ₹1,427 – ₹1,503 |
| Lot Size | 9 shares |
| Total Issue Size | ₹4,321.44 crore |
| Fresh Issue | ₹3,600 crore |
| Offer for Sale (OFS) | ₹721.44 crore |
| Grey Market Premium (GMP) | ₹1,470 |
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Peer Comparison Table
| Company | Market Cap | P/E Ratio | Revenue (FY 2024) |
|---|---|---|---|
| Waaree Energies | ₹43,179 crore | 33.9x | ₹11,397.6 crore |
| Adani Green Energy | ₹1,50,000 crore | 40x | ₹15,000 crore |
| Tata Power | ₹50,000 crore | 25x | ₹12,500 crore |
| Renew Power | ₹30,000 crore | 35x | ₹8,000 crore |
Share Price Target Analysis
Waaree Energies Share Price Target for 2024
The company is believed to succeed post-IPO as it is expected to retain solid fundamentals and show immense financial performance. Given the sky-high level of demand for renewable energy, particularly solar energy, Waaree Energies has good prospects to grow in 2024.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| October | 2,400 | 3,726 |
| November | 2,125 | 3,788 |
| December | 2,341 | 3,921 |
- 2024 Expected Range: ₹2,400 – ₹3,921
Waaree Energies Share Price Target for 2025
Waaree Energies is looking to grow its market penetration and product output. Since the company is working on major initiatives like rooftop solar plant demonstrations and development of Good floating solar panels, financial growth of the organization will be seen in increase in share price.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 2,900 | 3,970 |
| December | 3,151 | 4,311 |
- 2025 Expected Range: ₹2,900 – ₹4,311
KPI Green Energy Share Price Target 2024, 2025, 2027, 2030, 2040
Waaree Energies Share Price Target for 2030
Waaree Energies on the other hand in 2030 would take up the opportunity, as there is prediction of more global acceleration for renewable energy. However, expanding operation levels and technological advancements it is felt that their share prices would be significantly raised.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 6,228 | 8,311 |
| December | 6,514 | 8,700 |
- 2030 Expected Range: ₹6,228 – ₹8,700
Waaree Energies Share Price Target for 2040
In the year 2040 the company should be able to take advantage of government support for renewable energies. As Waaree is dedicated to promoting environments, the company is well positioned for future growth as they are not limited.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 15,425 | 17,541 |
| December | 16,025 | 18,210 |
- 2040 Expected Range: ₹15,425 – ₹18,210
Waaree Energies Share Price Target for 2050
In the long run, Waaree Energies has positive expansion outlooks as solar resources become adopted globally, new technologies in solar energy are developed, and government policies are enhanced. So in the year 2050, Waaree share price is expected to increase significantly.
| Month | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| January | 26,056 | 27,211 |
| December | 27,753 | 28,047 |
- 2050 Expected Range: ₹26,056 – ₹28,047
Is Waaree Energies Stock a Good Buy?
Bull Case
- Increasing demand for renewable energy.
- Government policies supporting renewable energy projects.
- Technological advancements in solar energy.
- Strong financial growth and expanding production capacity.
Bear Case
- Competition from other renewable energy companies.
- Risk of not completing large projects on time.
- Need for continual innovation to remain competitive.
- Manageable, but existing debt levels.
Conclusion
It is stated that Waaree Energies has good fundamentals, very high growth and high demand for solar products. For any investor seeking long term investment opportunities in renewable energy, the firm might seem like an optimal investment opportunity for them. This and other factors suggest that it has a lot of future growth, and greatly increasing share prices, about which any green energy portfolio is going to be happy to have it.
