IPO Plus

₹11.45

■ +0 +0.00%

As of 23 Oct 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).Exchange notice · 2026-04-10

Photoquip India Ltd. (526588)

Volume: 4Avg Vol 1W: 8,894Avg Vol 1M: 3,24252W Range:₹9.92₹18.04
BSE www.photoquip.com AI Report
Key Ratios
Checked 6h ago
Market Cap₹7 Cr
Current Price₹11.45
Previous Close₹11.45
High / Low (52w)₹18.04 / ₹9.92
Volume4
Avg Vol (1W)8,894
Avg Vol (1M)3,242
Stock P/E—
Book Value₹11.97
Dividend Yield0%
ROE-11.73%
ROA-7.47%
Revenue (TTM)—
Revenue Growth—
Profit Margin-12.26%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹0
P/B0.96
Debt / Equity1.5
50 DMA₹12.57
200 DMA₹13.97
Day change+0.00%
SurveillanceGSM · GSM 0
Price Chart
₹11.45▼ 28.08% · 1Y
₹18₹101.0L
2025-10-27
2026-10-23

20-day avg volume: 4K shares

Pros
  • Company is almost debt-free.
  • Stock trades below its book value.
Cons
  • Revenue fell 13% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹5 Cr₹4 Cr₹5 Cr₹3 Cr₹3 Cr₹4 Cr₹5 Cr₹2 Cr
EBITDA₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹-1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹38 Cr₹28 Cr₹14 Cr₹13 Cr₹12 Cr₹16 Cr₹18 Cr₹16 Cr
EBITDA₹1 Cr₹-1 Cr₹-1 Cr₹-1 Cr₹-2 Cr₹-1 Cr₹1 Cr₹0 Cr
Net Profit₹-1 Cr₹-3 Cr₹-2 Cr₹-2 Cr₹-4 Cr₹-2 Cr₹0 Cr₹-1 Cr
EPS-2.8-5.65-4.57-4.88-8.55-4.170.57-1.4
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹40 Cr₹39 Cr₹27 Cr₹23 Cr₹19 Cr₹21 Cr₹19 Cr₹23 Cr
Total Liabilities₹22 Cr₹22 Cr₹13 Cr₹11 Cr₹11 Cr₹13 Cr₹11 Cr₹15 Cr
Equity₹19 Cr₹16 Cr₹14 Cr₹12 Cr₹7 Cr₹8 Cr₹8 Cr₹7 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-1 Cr₹2 Cr₹1 Cr₹0 Cr₹1 Cr₹-4 Cr
Investing₹1 Cr₹1 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr
Financing₹-1 Cr₹-3 Cr₹-1 Cr₹0 Cr₹-1 Cr₹3 Cr
Free Cash Flow₹-1 Cr₹2 Cr₹1 Cr₹0 Cr₹1 Cr₹-4 Cr
Shareholding
Promoter 48.98% Institutions 0.05% Public 50.97%
Efficiency & Working Capital
ROCE1.4%
Interest Coverage0.2
Dividend Payout—
Debtor Days111 d
Inventory Days49 d
Payable Days39 d
Cash Conversion Cycle121 d
Working Capital Days160 d
Shareholding Details

As of 2026-09-30

Promoter49%
FII0%
DII0.1%
Institutions0.1%
Public51%
Promoter Pledge0.8%
No. of Shareholders4,421
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters47.1%47.1%47.1%47.1%47.1%47.1%46.7%46.7%46.8%46.8%46.9%49%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%
Public52.9%52.9%52.9%52.9%52.9%52.9%53.2%53.2%53.2%53.1%53.1%51%
Promoter Pledge0%0%0%0%0%0.6%0.1%0.1%0.1%0.1%0.1%0.8%
No. of Shareholders4,1404,1034,0874,1404,2104,4574,5114,5214,5414,4654,4484,421
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Dhaval Jayant SoniShareholding of Promoter and Promoter Group23.7%14,23,355
Vimal Jayant SoniShareholding of Promoter and Promoter Group21.2%12,69,097
Gautam AnandPublic Shareholding8.9%5,31,645
Dheeraj Kumar LohiaPublic Shareholding2.1%1,27,641
Piri Systems Pvt LtdShareholding of Promoter and Promoter Group2.1%1,25,000
Vinodkumar OhriPublic Shareholding1.9%1,11,000
Kapil Rajinder KhannaPublic Shareholding1.5%92,265
Pulin Dhaval SoniShareholding of Promoter and Promoter Group1.4%80,899
Smitha PolineniPublic Shareholding1.1%67,834
Anju Dhaval SoniShareholding of Promoter and Promoter Group0.3%20,312
Jenita Dhaval SoniShareholding of Promoter and Promoter Group0.2%14,632
Kruti Harshvadan SutharShareholding of Promoter and Promoter Group0.1%5,971
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Dhaval Jayant Soni7,3560.5%2026-09-30
Anju Dhaval Soni16,30080.3%2026-09-30
Board of Directors
NameDesignationYear
Dhaval J SoniChairman & Managing Director2026
Pulin D SoniDirector & CFO2026
Parvin J DumasiaIndependent Non Exe. Director2026
Chaitali Sunil OzaNon-Exec & Non-Independent Dir2026
Bharat Karsandas ThakkarIndependent Non Exe. Director2026
Umang Pradip GalaIndependent Non Exe. Director2026
Vrinda BinaniCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Digital Studio Lights and Photograp₹69 Cr68.4%
LED Lights₹32 Cr31.6%
Segments — Geography
RegionRevenueShare
Domestic Operation₹14 Cr98.4%
External Operation₹0 Cr1.6%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹101566
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-14Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026000102
2026000101
2026000000
Company Information
Incorporated1992
ChairmanDhaval J Soni
AuditorF P & Associates
Investor Email[email protected]
🌐 www.photoquip.com ↗

📍 A-33 Royal Industrial Estate, Naigaon Cross Road Wadala, Mumbai, Maharashtra, 400031

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