TipHub

₹232.5

▲ +0.3 +0.13%

As of 30 Jul 2026 · delayed

BSE Listed

GSM · GSM 0
What does GSM · GSM 0 mean?
BSE · Graded Surveillance Measure (GSM 0)GSM targets fundamentally weak companies whose price doesn't square with their financials (tiny net worth or negative/extreme P/E). Practical meaning: the exchange doubts the price is backed by the business. Stage 0 is a watchlist; each higher stage makes the stock progressively harder to trade — tighter bands, full upfront margin, weekly-only trading, and at Stage IV no upward price movement at all. Exiting requires a quarterly review finding the criteria no longer met.Criteria: Shortlisted on objective financial parameters — net worth, net fixed assets, price-to-earnings multiple and market capitalisation. Stage 0 = base surveillance watchlist (identified under GSM, no graded price restriction yet); Stages I–VI add escalating curbs (price band, 100% margin, periodic call auction, settlement on a gross/trade-for-trade basis, no upward price movement).

Waaree Technologies Limited (539337)

Volume: 6,300Avg Vol 1W: 5,635Avg Vol 1M: 6,80152W Range:₹131.25₹398
BSE www.waareertl.com AI Report
Key Ratios
Checked just now
Market Cap₹250 Cr
Current Price₹232.5
Previous Close₹232.2
High / Low (52w)₹398 / ₹131.25
Volume6,300
Avg Vol (1W)5,635
Avg Vol (1M)6,801
Stock P/E—
Book Value₹-5.66
Dividend Yield0%
ROE68.63%
ROA264.32%
Revenue (TTM)—
Revenue Growth—
Profit Margin277.14%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹0
P/B—
Debt / Equity19.4
50 DMA₹251.55
200 DMA₹230.68
Day change+0.13%
SurveillanceGSM · GSM 0
Price Chart
₹232.5▼ 25.71% · 1Y
₹453₹1392.4L
2025-07-30
2026-07-30

20-day avg volume: 7K shares

Pros
  • Healthy return on equity of 68.6%.
  • Company is almost debt-free.
Cons
  • Revenue fell 64% YoY.
  • Company is loss-making at the latest annual result.
  • Negative book value per share.
Quarterly Results
MetricMar 2015Dec 2015Mar 2016
Revenue₹1 Cr₹1 Cr₹2 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr
EPS———
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹7 Cr₹2 Cr₹-1 Cr₹0 Cr₹13 Cr₹30 Cr₹29 Cr₹10 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹-10 Cr₹-7 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹-8 Cr₹-6 Cr
EPS0.21-0.3-0.52-0.380.23-1.01-6.97-5.25
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹12 Cr₹33 Cr₹25 Cr₹19 Cr
Total Liabilities₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹22 Cr₹21 Cr₹21 Cr
Equity₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹12 Cr₹11 Cr₹4 Cr₹-2 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹3 Cr₹-10 Cr₹9 Cr₹-15 Cr₹-2 Cr
Investing₹0 Cr₹0 Cr₹-9 Cr₹0 Cr₹0 Cr
Financing₹0 Cr₹8 Cr₹3 Cr₹15 Cr₹0 Cr
Free Cash Flow₹3 Cr₹-10 Cr₹9 Cr₹-15 Cr₹-2 Cr
Shareholding
Promoter 58.81% Institutions 0% Public 41.19%
Efficiency & Working Capital
ROCE-33%
Interest Coverage-82.7
Dividend Payout—
Debtor Days—
Inventory Days—
Payable Days—
Cash Conversion Cycle—
Working Capital Days—
Shareholding Details

As of 2026-03-31

Promoter58.8%
FII0%
DII0%
Institutions0%
Public41.2%
Promoter Pledge0%
No. of Shareholders5,667
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2021Dec 2021Mar 2022Jun 2022Sept 2022Mar 2023Sept 2023Mar 2024Sept 2024Mar 2025Sept 2025Mar 2026
Promoters60.7%60.7%60.7%60.7%55.8%60.4%60.1%59.1%58.8%58.8%58.8%58.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public39.3%39.3%39.3%39.3%44.2%39.6%39.9%40.9%41.2%41.2%41.2%41.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders521251741792706539741,4823,6115,2035,4865,667
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Kirit Chimanlal DoshiShareholding of Promoter and Promoter Group13.8%14,84,175
Viren C DoshiShareholding of Promoter and Promoter Group12.3%13,28,842
Pankaj Chimanlal DoshiShareholding of Promoter and Promoter Group9.5%10,23,642
Chodvadiya Jignesh VinubhaiPublic Shareholding5.1%5,53,000
Sandeep KapadiaPublic Shareholding3.2%3,43,350
Ankit Hitesh DoshiShareholding of Promoter and Promoter Group3%3,24,975
Waaree Ess Private LtdShareholding of Promoter and Promoter Group3%3,25,500
Binita Hitesh DoshiShareholding of Promoter and Promoter Group3%3,20,425
Rushabh Pankaj DoshiShareholding of Promoter and Promoter Group2.8%3,05,025
Bindiya Kirit DoshiShareholding of Promoter and Promoter Group2.8%3,05,200
Nipa Viren DoshiShareholding of Promoter and Promoter Group2.8%3,05,200
Pujan P DoshiShareholding of Promoter and Promoter Group2.8%3,05,200
Hitesh C DoshiShareholding of Promoter and Promoter Group2.8%3,03,933
Ajay Kumar AggarwalPublic Shareholding1.7%1,87,600
Shalu AggarwalPublic Shareholding1.4%1,44,900
Waaree Sustainable Finance Private LimitedShareholding of Promoter and Promoter Group0%175
Kashmira Divyang ShahShareholding of Promoter and Promoter Group0%175
Sonal Tarun RamaniShareholding of Promoter and Promoter Group0%175
Board of Directors
NameDesignationYear
Kirit Chimanlal DoshiChairman / Executive Director / Managing Director2025
Rushabh Pankaj DoshiExecutive Director & CFO2025
JAYESH DHIRAJLAL SHAHIndependent Non Exe. Director2025
Vivek SrivastavaNon Executive Director2025
Mitul MehtaIndependent Non Exe. Director2025
Anita JaiswalIndependent Non Exe. Director2025
Vibhor KumawatCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Solar Cell₹-1 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10121111
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025010101
2025000101
2025000000
Substantial Acquisitions (SAST)

11 disclosure(s)

Off Market / Inter se transfer14/05/2025 · 18,15,100
Off Market / Inter se transfer14/05/2025 · 18,15,100
Off Market / Inter se transfer14/05/2025 · 18,15,100
-14/05/2025 · 18,15,100
NULL14/05/2025 · 18,15,100
Market26/08/2024 - 27/08/2024 · 16,450
Company Information
Incorporated2013
ChairmanKirit Chimanlal Doshi
AuditorR T Jain & Co LLP
Investor Email[email protected]/[email protected]
🌐 www.waareertl.com ↗

📍 602 Western Edge I, W E Highway Borivali East, Mumbai, Maharashtra, 400066

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