Waaree Renewable Technologies Share Price Declines 2.18%; Stock Review and Technical Chart Outlook
Waaree Renewable Technologies share price declined 2.18 percent on Friday. The stock has offered 10 percent return over the last one month and 20 percent over the last six months. Waaree Renewable Technologies Limited (WRTL) has emerged as a prominent force in India's green energy landscape, recently securing a landmark order worth Rs 346.33 crore for a massive solar project in Rajasthan. Backed by stellar quarterly earnings and favorable industry dynamics, the company is attracting significant investor interest. While technical indicators reveal volatility, the underlying fundamentals remain robust, with analysts assigning bullish price targets. Yet, elevated valuations and execution risks warrant a nuanced investment strategy. This article explores WRTL's recent performance, technical signals, and strategic positioning within India’s ambitious push toward renewable energy self-reliance.
Brokerage View: Analysts Reaffirm Buy Call on Waaree Renewable Technologies
Leading research houses have reiterated a “BUY” recommendation on WRTL, citing robust order inflow, operational excellence, and government-driven sectoral tailwinds. The consensus 12-month price target ranges from Rs 1,300 to Rs 1,750, with some long-term projections even suggesting Rs 3,000+.
Massive Solar EPC Win Enhances Visibility
On June 3, 2025, WRTL received a Letter of Award (LOA) from Purvah Green Power Pvt Ltd, a subsidiary of CESC Ltd., for a 300 MW AC / 435 MW DC solar project in Bikaner, Rajasthan. The order, worth Rs 346.33 crore (exclusive of taxes), is slated for execution in FY26.
This contract catapulted the stock up 3.55% intraday on June 4, reflecting renewed investor confidence. The project not only fortifies the company’s revenue pipeline but also strengthens its standing in India’s competitive solar EPC landscape.
Q4 FY25 Financial Performance Impresses
WRTL’s Q4 FY25 results demonstrated exceptional growth across key metrics:
| Metric | Q4 FY25 | YoY Change |
|---|---|---|
| Revenue from Operations | Rs 476.58 crore | +74.37% |
| Profit After Tax (PAT) | Rs 93.77 crore | +82.73% |
| EBITDA | Rs 126.33 crore | +67.79% |
| EBITDA Margin | 26.51% | -104 bps |
The results reinforce the company’s ability to scale rapidly while maintaining profitability despite margin compression.
Price Trends Reflect Volatility
Despite strong fundamentals, the stock has exhibited sharp movements:
| Date | Closing Price (Rs) | Daily Change (%) |
|---|---|---|
| June 6, 2025 | Rs 1,030.85 | -2.31% |
| June 4, 2025 (High) | Rs 1,070.00 | +3.55% intraday |
WRTL has gained 9.08% over the past month and 18.31% in the last three months, but remains below its 200-DMA, suggesting caution among long-term holders.
Technical Picture: Support, Resistance, and Trends
WRTL's key technical indicators highlight short-term bullishness with medium-term caution:
| Indicator | Value (Rs) |
|---|---|
| 5-Day SMA | Rs 1,048.58 |
| 20-Day SMA | Rs 1,012.18 |
| 200-Day SMA | Rs 1,244.95 |
Resistance Levels: R1 – Rs 1,058.90, R2 – Rs 1,086.95, R3 – Rs 1,103.90
Support Levels: S1 – Rs 1,013.90, S2 – Rs 996.95, S3 – Rs 968.90
Analysts identify Rs 985.69 as a critical support. A breakdown could suggest trend reversal; otherwise, it remains a favorable “buy on dips.”
Fundamentals Remain Robust
WRTL’s financials underscore its strength:
| Metric | Value |
|---|---|
| Market Capitalization | Rs 15,999.59 crore |
| Price-to-Earnings (P/E) Ratio | 91.75 |
| Return on Capital Employed (ROCE) | 63.49% |
| Return on Equity (ROE) | 63.78% |
| Debt-to-Equity Ratio | 0.18 |
The company’s explosive revenue and net income growth from FY22 to FY24 further validate its execution strength.
Risks: Valuation and Execution
While WRTL’s story is compelling, risks are non-trivial:
- Valuation: The P/E of 91.75 implies high expectations.
- Volatility: A 52-week range of Rs 732.05–Rs 2,381.05 reflects extreme price swings.
- Execution: Timely completion of large-scale projects without margin erosion remains crucial.
- Sectoral Shocks: Changes in regulation or input prices could dampen sentiment.
Final Verdict: Is WRTL Worth the Hype?
Waaree Renewable Technologies Ltd. embodies the dual nature of a high-reward, high-risk equity. Its tremendous growth trajectory, landmark order wins, and alignment with India’s clean energy roadmap make it a compelling proposition. However, valuation concerns and market volatility necessitate a disciplined investment approach.
For risk-tolerant investors seeking exposure to India’s green revolution, WRTL offers both upside and excitement—but with a need for vigilance. A “Buy on Dips” strategy, backed by strong technical analysis and earnings visibility, appears prudent.
