Debut Plus

234

-0.75 -0.32%

17 Jul 2026

BSE Listed

GSM 0 · ESM 1

Waaree Technologies Limited (539337)

Volume: 3,325Avg Vol 1W: 4,865Avg Vol 1M: 9,03652W Range:131.25398
Market Cap₹252 Cr
Current Price₹234
Previous Close₹234.75
High / Low (52w)₹398 / ₹131.25
Volume3,325
Avg Vol (1W)4,865
Avg Vol (1M)9,036
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/B0
Debt / Equity19.4
50 DMA₹256.27
200 DMA₹233.19
Day change-0.32%
SurveillanceGSM 0 · ESM 1 (as of 2026-07-17)
Price Chart
234 28.41% · 1Y
4801392.4L
2025-07-17
2026-07-17

20-day avg volume: 8K 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
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Kashmira Divyang Shah00%2026-03-31
Sonal Tarun Ramani00%2026-03-31
Hitesh C Doshi00%2026-03-31
Rushabh Pankaj Doshi00%2026-03-31
Bindiya Kirit Doshi00%2026-03-31
Nipa Viren Doshi00%2026-03-31
Pujan P Doshi00%2026-03-31
Binita Hitesh Doshi00%2026-03-31
Ankit Hitesh Doshi00%2026-03-31
Pankaj Chimanlal Doshi00%2026-03-31
Viren C Doshi00%2026-03-31
Kirit Chimanlal Doshi00%2026-03-31
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
🌐 www.waareertl.com

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

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