Whalesbook
Toh bhai, is ₹30,000 Crore ke mega plan mein se, already ₹2,000–3,000 Crore toh lag bhi chuke hain. Goal simple hai: renewable energy ke har level par company ka apna control ho. Solar cell capacity December tak badha kar 15 GW kar di jayegi, jo abhi 5.4 GW hai. Aur next 12-15 mahine mein 10 GW ingot aur wafer production bhi shuru karne ka plan hai. Module banane ki capacity toh jaldi hi 28 GW tak pahunch jayegi, aur US mein bhi naye factories lagane ki planning chal rahi hai.
Lekin baat yahan nahi rukti! Yeh log ab battery manufacturing mein bhi utar rahe hain, shuruaat 3.5 GW LFP cell capacity se hogi aur target hai FY28 tak 16.5 GW tak pahunchna. Inverter aur hydrogen electrolyzer bhi banayenge, jiska start 1 GW electrolyzer project se hoga. Oman mein ek polysilicon plant mein stake lekar, yeh log raw material se lekar final product tak end-to-end integration achieve karne wale hain. Yeh capability India mein bohot kam companies ke paas hai, specifically Chinese players ke alawa.
Abhi Waaree Energies ka stock P/E 29-30 ke aas paas trade kar raha hai, jo investor's expectation dikhata hai. Agar competitors ko dekho toh Adani Green Energy ka P/E 130 ke paar hai, aur Tata Power bhi apne renewables business mein ₹6,500 Crore laga raha hai 10 GW ingot aur wafer facility ke liye. India mein sarkar ne solar aur hydrogen ke liye PLI schemes mein ₹2,700–2,800 Crore ka support diya hai. Lekin battery manufacturing ke liye abhi seedhi policy support kaafi nahi hai, haalanki INR 18,100 Crore ka ACC PLI scheme hai par uska progress thoda dheema hai. Good news yeh hai ki Green hydrogen market India mein National Green Hydrogen Mission ke wajah se bohot achha grow karne wala hai.
Par bhai, itna bada aur diversified expansion plan laane mein kuch risks toh hote hi hain. Complex technologies ko manage karna aur itne saare investment ko sahi se use karna bohot challenging ho sakta hai. Recent Q4 FY26 results ke baad inka stock 11% gir gaya tha, kyunki EBITDA margins 18.6% rahe, jo market ki 21-25% expectation se kam the. Analysts ka kehna hai ki product mix change hone, module production ke badhte expenses aur new cell technologies ke wajah se yeh hua. Solar aur hydrogen ke liye PLI approvals hain, par battery segment mein policy support na hone se thodi mushkil aa sakti hai. Global solar sector mein US anti-dumping duty investigations jaise risks bhi kabhi bhi surface ho sakte hain. Haalanki, abhi bhi 13 analysts 'Buy' recommend kar rahe hain, par unke price targets ₹2,109 se lekar ₹4,416 tak hain, matlab sabki rai alag hai future ko lekar.
Aage ka outlook dekhein toh FY27 ke liye Waaree Energies ne operating EBITDA ₹7,000–7,700 Crore ka target rakha hai, jo FY26 ke ₹5,900 Crore se kaafi zyada hai. Yeh badhti capacity aur integrated operations ke fayde se possible hoga. Company ka ultimate goal hai ki woh energy transition ke liye sabhi solutions ek hi jagah de – modules, storage, power electronics, transmission, aur EPC services tak. Yeh bada strategic move Waaree ko clean energy revolution mein ek major player banne mein madad karega.