IPO Plus

₹1.2

■ +0 +0.00%

As of 27 Oct 2026 · delayed

BSE Listed

GSM · GSM 0 · ESM · ESM 1
What does GSM · GSM 0 · ESM · ESM 1 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 · 2026-06-25
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-10-13

Goyal Associates Ltd. (530663)

Volume: 42,904Avg Vol 1W: 2,11,416Avg Vol 1M: 1,11,83452W Range:₹0.65₹1.5
Key Ratios
Checked 4h ago
Market Cap₹6 Cr
Current Price₹1.2
Previous Close₹1.2
High / Low (52w)₹1.5 / ₹0.65
Volume42,904
Avg Vol (1W)2,11,416
Avg Vol (1M)1,11,834
Stock P/E—
Book Value₹0.99
Dividend Yield0%
ROE-5.19%
ROA-70.59%
Revenue (TTM)—
Revenue Growth—
Profit Margin-444.44%
Total Debt—
Shares Outstanding5 Cr
Face Value—
EPS (TTM)₹0
P/B1.21
Debt / Equity0.2
50 DMA₹1.11
200 DMA₹0.95
Day change+0.00%
SurveillanceGSM · GSM 0 · ESM · ESM 1
Price Chart
₹1.2▲ 18.81% · 1Y
₹1₹110.0L
2025-10-28
2026-10-27

20-day avg volume: 1.2L shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 53% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue————————
EBITDA————————
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹7 Cr₹4 Cr₹1 Cr₹2 Cr₹3 Cr₹4 Cr₹3 Cr₹1 Cr
EBITDA₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹0 Cr
Net Profit₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹0 Cr
EPS-0.130.040.01-0.10.130.130.14-0.05
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹5 Cr₹3 Cr₹7 Cr₹5 Cr₹5 Cr₹6 Cr₹8 Cr₹8 Cr
Total Liabilities₹3 Cr₹0 Cr₹4 Cr₹3 Cr₹2 Cr₹3 Cr₹3 Cr₹3 Cr
Equity₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹3 Cr₹3 Cr₹6 Cr₹5 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-2 Cr₹1 Cr₹1 Cr₹0 Cr₹-1 Cr₹0 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹3 Cr₹-1 Cr₹-1 Cr₹0 Cr₹1 Cr₹0 Cr
Free Cash Flow₹-2 Cr₹1 Cr₹1 Cr₹0 Cr₹-1 Cr₹0 Cr
Shareholding
Promoter 4.72% Institutions 0.01% Public 95.26%
Efficiency & Working Capital
ROCE-4.3%
Interest Coverage0
Dividend Payout—
Debtor Days0 d
Inventory Days0 d
Payable Days50 d
Cash Conversion Cycle-50 d
Working Capital Days0 d
Shareholding Details

As of 2026-09-30

Promoter4.7%
FII0%
DII0%
Institutions0%
Public95.3%
Promoter Pledge0%
No. of Shareholders27,482
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters5.3%5.3%5.3%5.3%5.3%4.7%4.7%4.7%4.7%4.7%4.7%4.7%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public94.7%94.7%94.7%94.7%94.7%95.3%95.3%95.3%95.3%95.3%95.3%95.3%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders13,27416,39218,94620,32124,95827,20527,51627,71627,94427,43827,92627,482
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Krishnakant Bhimsen GoyalShareholding of Promoter and Promoter Group4.7%25,00,155
Bheemidi Praveena ReddyPublic Shareholding2%10,63,222
N J MistryPublic Shareholding2%10,45,000
Pandu Ranga Reddy PanumatiPublic Shareholding1.9%10,00,000
Panumati SravanthiPublic Shareholding1.9%10,00,000
Pailla Shiva Kumar ReddyPublic Shareholding1.9%10,00,000
Balusu Jyothi SravaniPublic Shareholding1.9%10,00,000
Raghuram Reddy BheemidiPublic Shareholding1.7%9,20,856
Thakorbhai Vinubhai MistryPublic Shareholding1.4%7,26,910
Mistry Khyati ThakorPublic Shareholding1.2%6,33,100
Ramaswamyreddy Pedinekaluva .Public Shareholding1.2%6,12,957
Venkata Ramana Rao DhaipulePublic Shareholding1.1%5,71,504
Vinay AgrawalShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Nagamlleshwara VuppalaChairman(Non Exe)&Dir(Non-Ind)2026
Gajjala Kranthikumar ReddyIndependent Director2026
Satya Narayana GogulaIndependent Director2026
Ajay SolankManaging Director2026
Ankush Madan PandeyIndependent Director2026
Abhik JainCompany Sec. & Compli. Officer2026
Anupriya BhaskarAdditional Director2026
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹1655
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-13Board Meetings—
forthcoming—Book ClosureAGM
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026000000
2026000000
2026000000
Substantial Acquisitions (SAST)

5 disclosure(s)

Market27/06/2024 - 28/06/2024 · 3,98,315
Market14/06/2024 - 26/06/2024 · 19,72,412
Market14/06/2024 - 25/06/2024 · 19,72,412
Market03/06/2024 · 70,347
Market27/05/2024 - 30/05/2024 · 1,40,100
Company Information
Incorporated1994
ChairmanNagamlleshwara Vuppala
AuditorRSRV & Associates/D P Sarda & Co
Investor Email[email protected]
🌐 www.goyalassociateslimited.com ↗

📍 A/208 Titanium City Centre, 100 FT Road Satellite, Ahmedabad, Gujarat, 380015

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