IPO Plus

₹41

▲ +1.5 +3.80%

28 Oct 2026

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 · 2026-09-11

Gorani Industries Ltd. (531608)

Volume: 4,407Avg Vol 1W: 987Avg Vol 1M: 55352W Range:₹35₹83.3
BSE www.goraniindustries.com AI Report
Key Ratios
Checked 3h ago
Market Cap₹22 Cr
Current Price₹41
Previous Close₹39.5
High / Low (52w)₹83.3 / ₹35
Volume4,407
Avg Vol (1W)987
Avg Vol (1M)553
Stock P/E146.43
Book Value₹26.08
Dividend Yield0%
ROE451.08%
ROA41.21%
Revenue (TTM)—
Revenue Growth—
Profit Margin45.65%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹0.28
P/B1.57
Debt / Equity0.9
50 DMA₹42.84
200 DMA₹50.46
Day change+3.80%
SurveillanceGSM · GSM 0
Price Chart
₹41▼ 37.88% · 1Y
₹84₹3746K
2025-10-28
2026-10-28

20-day avg volume: 584 shares

Pros
  • Healthy return on equity of 451.1%.
  • Company is almost debt-free.
Cons
  • Revenue fell 13% YoY.
  • Stock trades at a high P/E of 146.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹12 Cr₹13 Cr₹7 Cr₹12 Cr₹9 Cr₹9 Cr₹8 Cr₹5 Cr
EBITDA₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹1 Cr₹0 Cr
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₹21 Cr₹21 Cr₹19 Cr₹29 Cr₹43 Cr₹43 Cr₹43 Cr₹38 Cr
EBITDA₹1 Cr₹1 Cr₹1 Cr₹3 Cr₹3 Cr₹3 Cr₹2 Cr₹2 Cr
Net Profit₹1 Cr₹1 Cr₹1 Cr₹2 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
EPS1.091.331.353.392.792.531.61.18
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹12 Cr₹13 Cr₹12 Cr₹21 Cr₹28 Cr₹28 Cr₹31 Cr₹34 Cr
Total Liabilities₹7 Cr₹8 Cr₹6 Cr₹11 Cr₹17 Cr₹16 Cr₹18 Cr₹20 Cr
Equity₹5 Cr₹5 Cr₹6 Cr₹10 Cr₹11 Cr₹13 Cr₹13 Cr₹14 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹2 Cr₹-5 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investing₹0 Cr₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹-1 Cr₹7 Cr₹3 Cr₹-2 Cr₹0 Cr₹1 Cr
Free Cash Flow₹2 Cr₹-5 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Shareholding
Promoter 62.26% Institutions 1.34% Public 36.4%
Efficiency & Working Capital
ROCE7.5%
Interest Coverage1.9
Dividend Payout—
Debtor Days153 d
Inventory Days136 d
Payable Days42 d
Cash Conversion Cycle247 d
Working Capital Days289 d
Shareholding Details

As of 2026-09-30

Promoter62.3%
FII0%
DII1.3%
Institutions1.3%
Public36.4%
Promoter Pledge0%
No. of Shareholders2,076
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters62.3%62.3%62.3%62.3%62.3%62.3%62.3%62.3%62.3%62.3%62.3%62.3%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%1.3%1.3%1.3%1.3%1.3%1.3%1.3%1.3%1.3%1.3%1.3%
Public37.7%36.4%36.4%36.4%36.4%36.4%36.4%36.4%36.4%36.4%36.4%36.4%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2,1992,2022,1982,1862,1652,1292,1112,1632,0612,0822,1002,076
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Narendra Kumar GoraniShareholding of Promoter and Promoter Group19.6%10,51,800
Sanjay GoraniShareholding of Promoter and Promoter Group19.6%10,51,800
Shanta Devi GoraniShareholding of Promoter and Promoter Group9.8%5,26,638
Geet GoraniShareholding of Promoter and Promoter Group6.2%3,32,862
Nakul GoraniShareholding of Promoter and Promoter Group6.2%3,32,862
Madhya Pradesh Financial CorporationPublic Shareholding1.3%71,821
Phani Kishore TalluriPublic Shareholding1.3%69,429
Manju GoraniShareholding of Promoter and Promoter Group0.8%40,100
Hema GoraniShareholding of Promoter and Promoter Group0.1%2,500
Board of Directors
NameDesignationYear
Nakul GoraniChairman & Wholetime Director2025
Sanjay GoraniManaging Director2025
Raina GoyalNon Executive Director2025
Ayush ShuklaIndependent Director2025
Geet GoraniNon Executive Director2025
Mrs. Arpita JainIndependent Director2025
Prashi JainCompany Sec. & Compli. Officer2025
Segments — Geography
RegionRevenueShare
Domestic Market₹7 Cr100%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹101555
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-13Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202505100051
2025010001
202504900049
Insider / Designated-Person Trades

3 recent disclosure(s)

Geet GoraniAcquisition · 1,45,362
Nakul GoraniAcquisition · 1,10,000
Shanta Devi GoraniDisposal · 2,55,362
Substantial Acquisitions (SAST)

4 disclosure(s)

Off Market / Inter se transfer27/03/2025 · 10,000
Off Market27/03/2025 · 10,000
Off Market27/03/2025 · 2,50,000
Off Market27/03/2025 · 2,50,000
Company Information
Incorporated1995
ChairmanNakul Gorani
AuditorSandeep Surendra Jain & Co
Investor Email[email protected]
🌐 www.goraniindustries.com ↗

📍 Plot No 32-33 Sector F, Sanwer Road Industrial Area, Indore, Madhya Pradesh, 452015

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