Discover where Waaree Technologies’ stock could be headed with our straightforward analysis. We break down the fundamentals to predict Waaree share price targets for 2024, 2025, and 2030, empowering investors with actionable insights.
About Waaree Technologies Ltd.
Waaree Technologies Limited, an India-based company, is involved in the trading of tapes, e-vehicles, and artificial intelligence-based products/services. Its core activities include manufacturing, converting, and supplying adhesive tapes and synthetic paper (teslin papers) sourced from jumbo rolls.
Operating as an intermediary in the packing material supply chain, the company procures materials such as tapes, labels, and papers in roll form, which are then cut and repackaged into smaller rolls.
Its product line is marketed under the brand name AERO and includes a variety of tapes such as masking tape, filament tape, duct tape, and others.
Founded in 2013, Waaree Technologies Limited is led by Managing Director Mr. Kirit Doshi and is listed on the Bombay Stock Exchange under the symbol 539337.
Predicting the future price of any stock is inherently uncertain, and Waaree is no exception. However, by analyzing company fundamentals, technical data, and market expert opinions, we can create a well-informed picture of its potential trajectory.
Company Fundamentals:
- Strong Growth: Waaree boasts impressive sales growth, exceeding 120% in the past year. This reflects the booming Indian solar market, supported by government initiatives and rising energy demand.
- Profitability Concerns: Despite revenue growth, Waaree has incurred losses in recent years. Profitability is crucial for long-term sustainability, and addressing this issue will be critical for investor confidence.
- Healthy Financials: The company maintains a low debt-to-equity ratio and positive cash flow, indicating financial stability.
- Strong Management: Waaree’s experienced management team has a proven track record in the solar industry.
Technical Data:
- Current Price Volatility: Waaree’s stock price has experienced significant fluctuations in recent months, indicating high volatility.
- P/E Ratio: Currently, Waaree has a P/E ratio of 0, which is not meaningful due to negative earnings.
Waaree Technologies Ltd. Fundamentals
| Waaree Technologies Ltd. Fundamentals | Value |
|---|---|
| MARKET CAP | ₹ 1,346.02 Cr. |
| ENTERPRISE VALUE | ₹ 1,344.54 Cr. |
| NO. OF SHARES | 1.08 Cr. |
| P/E | 0 |
| P/B | 119.75 |
| FACE VALUE | ₹ 10 |
| DIV. YIELD | 0 % |
| BOOK VALUE (TTM) | ₹ 10.44 |
| CASH | ₹ 4.53 Cr. |
| DEBT | ₹ 3.05 Cr. |
| PROMOTER HOLDING | 60.1 % |
| EPS (TTM) | ₹ -1.01 |
| SALES GROWTH | 123.97% |
| ROE | -9.23 % |
| ROCE | -10.54% |
| PROFIT GROWTH | -680.72 % |
Waaree Technologies Ltd. Profit & Loss – Last 3 Years Report
| Profit & Loss | MAR 2021 (Cr.) | MAR 2022 (Cr.) | MAR 2023 (Cr.) |
|---|---|---|---|
| Net Sales | 0.13 | 13.13 | 29.40 |
| Total Expenditure | 0.27 | 13.20 | 30.45 |
| Operating Profit | -0.27 | -0.07 | -1.05 |
| Other Income | 0.05 | 0.36 | 0.32 |
| Interest | 0.04 | 0.07 | 0.00 |
| Depreciation | 0.01 | 0.68 | 0.00 |
| Exceptional Items | 0 | 0 | 0.00 |
| Profit Before Tax | -0.24 | 0.25 | -1.48 |
| Tax | 0.07 | -0.39 | 0.00 |
| Net Profit | -0.14 | 0.19 | -1.09 |
| Adjusted EPS (Rs.) | -0.38 | 0.17 | -1.01 |
Waaree Technologies Ltd. Balance Sheet – Last 3 Years Report
| Balance Sheet | MAR 2021 (Cr.) | MAR 2022 (Cr.) | MAR 2023 (Cr.) |
|---|---|---|---|
| Equity and Liabilities | |||
| Share Capital | 3.68 | 10.77 | 10.77 |
| Total Reserves | -0.03 | 1.56 | 0.47 |
| Borrowings | 0 | 0 | 0 |
| Other N/C liabilities | -0.12 | -0.05 | -0.37 |
| Current liabilities | 0.19 | 0.14 | 21.61 |
| Total Liabilities | 3.72 | 12.42 | 32.48 |
| Assets | |||
| Net Block | 0.07 | 7.47 | 0.00 |
| Capital WIP | 0 | 0.67 | 0.00 |
| Intangible WIP | 0 | 0.07 | 0.00 |
| Investments | 0.15 | 0.20 | 0.20 |
| Loans & Advances | 0 | 0 | 0 |
| Other N/C Assets | 0 | 0 | 0 |
| Current Assets | 3.57 | 12.22 | 24.07 |
| Total Assets | 3.72 | 12.42 | 32.48 |
Waaree Technologies Ltd. Cash Flows – Last 3 Years Report
| Cash Flows | MAR 2021 (Cr.) | MAR 2022 (Cr.) | MAR 2023 (Cr.) |
|---|---|---|---|
| Profit from operations | -0.24 | 0.25 | -1.48 |
| Adjustment | -0.04 | -0.14 | 0.70 |
| Changes in Assets & Liabilities | 3.52 | -10.60 | 9.93 |
| Tax Paid | 0.00 | 0.00 | 0.00 |
| Operating Cash Flow | 3.24 | -10.49 | 9.15 |
| Investing Cash Flow | -0.10 | 0.13 | -8.87 |
| Financing Cash Flow | 0.15 | 8.30 | 3.01 |
| Net Cash Flow | 3.29 | -2.06 | 3.29 |
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| Month | Predicted Share Price (Rs) |
|---|---|
| Jan | 1400 |
| Feb | 1425 |
| Mar | 1450 |
| Apr | 1475 |
| May | 1500 |
| Jun | 1525 |
| Jul | 1550 |
| Aug | 1575 |
| Sep | 1600 |
| Oct | 1625 |
| Nov | 1650 |
| Dec | 1675 |
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| Month | Predicted Share Price (Rs) |
|---|---|
| Jan | 1700 |
| Feb | 1725 |
| Mar | 1750 |
| Apr | 1775 |
| May | 1800 |
| Jun | 1825 |
| Jul | 1850 |
| Aug | 1875 |
| Sep | 1900 |
| Oct | 1925 |
| Nov | 1950 |
| Dec | 1975 |
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| Month | Predicted Share Price (Rs) |
|---|---|
| Jan | 2000 |
| Feb | 2025 |
| Mar | 2050 |
| Apr | 2075 |
| May | 2100 |
| Jun | 2125 |
| Jul | 2150 |
| Aug | 2175 |
| Sep | 2200 |
| Oct | 2225 |
| Nov | 2250 |
| Dec | 2275 |
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| Month | Predicted Share Price (Rs) |
|---|---|
| Jan | 2300 |
| Feb | 2325 |
| Mar | 2350 |
| Apr | 2375 |
| May | 2400 |
| Jun | 2425 |
| Jul | 2450 |
| Aug | 2475 |
| Sep | 2500 |
| Oct | 2525 |
| Nov | 2550 |
| Dec | 2575 |
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| Month | Predicted Share Price (Rs) |
|---|---|
| Jan | 2600 |
| Feb | 2625 |
| Mar | 2650 |
| Apr | 2675 |
| May | 2700 |
| Jun | 2725 |
| Jul | 2750 |
| Aug | 2775 |
| Sep | 2800 |
| Oct | 2825 |
| Nov | 2850 |
| Dec | 2875 |
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| Month | Predicted Share Price (Rs) |
|---|---|
| Jan | 2900 |
| Feb | 2925 |
| Mar | 2950 |
| Apr | 2975 |
| May | 3000 |
| Jun | 3025 |
| Jul | 3050 |
| Aug | 3075 |
| Sep | 3100 |
| Oct | 3125 |
| Nov | 3150 |
| Dec | 3175 |
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| Month | Predicted Share Price (Rs) |
|---|---|
| Jan | 3200 |
| Feb | 3225 |
| Mar | 3250 |
| Apr | 3275 |
| May | 3300 |
| Jun | 3325 |
| Jul | 3350 |
| Aug | 3375 |
| Sep | 3400 |
| Oct | 3425 |
| Nov | 3450 |
| Dec | 3475 |
Waaree Technologies Ltd. Stock Quick Analysis Report
- Price to Earnings (P/E) Ratio: Waaree Technologies’ P/E ratio is -1,277.73, indicating the stock is potentially undervalued.
- Share Price: The current share price of Waaree Technologies is Rs 1290.
- Return on Assets (ROA): Waaree Technologies has an ROA of -4.84%, suggesting inefficiency in converting assets into profits.
- Current Ratio: Waaree Technologies has a current ratio of 1.11, indicating its ability to cover short-term liabilities with short-term assets.
- Return on Equity (ROE): Waaree Technologies’ ROE is -9.23%, reflecting a negative impact on shareholders’ investments.
- Debt to Equity Ratio (D/E): With a D/E ratio of 0.27, Waaree Technologies has a low proportion of debt in its capital structure.
- Inventory Turnover Ratio: Waaree Technologies has an inventory turnover ratio of 4.45, indicating potential inefficiencies in inventory and working capital management.
- Sales Growth: Waaree Technologies has reported a revenue growth of 123.97%, which is considered fair.
- Operating Margin: The operating margin for Waaree Technologies is -3.57%, reflecting operational inefficiencies.
- Dividend Yield: Waaree Technologies did not pay dividends this year, resulting in a dividend yield of 0%.
Overall, while some metrics indicate undervaluation and fair revenue growth, the company faces challenges such as negative ROA, ROE, and operating margin, along with potential inefficiencies in inventory management. Investors should carefully weigh these factors before considering Waaree Technologies as an investment option.
Waaree Technologies Ltd. Strengths & Weakness
Strengths
- The company boasts a significant promoter holding of 60.10%.
Weakness
- Over the past three years, the company has exhibited negative profit growth, standing at -280.95%.
- The company’s return on equity (ROE) over the past three years has been dismal, at -3.55%.
- Similarly, the return on capital employed (ROCE) for the company has been negative, measuring at -4.37% over the past three years.
- The interest coverage ratio for the company is notably low, recorded at -19.14. Additionally, the company has struggled with a low EBITDA margin of -3.30% over the past five years.
Market Experts’ Opinions
- Bullish Outlook: Some analysts predict significant upside potential, with price targets ranging from ₹10,000 to ₹18,000 by 2025 and 2030, respectively. These optimistic views hinge on continued market growth and improved profitability.
- Cautious Approach: Other experts advise caution due to the company’s negative earnings and volatile stock price. They emphasize the need for sustained profitability before significant price increases can be expected.
FAQs
In year 2027-28, Waaree Technologies Ltd. share price would be reach ₹2500 as per analysis.
Waaree share price target for 2025 falls within the range of Rs 1750 to Rs 2100 (Estimated).
