IPO Plus

₹20.99

▲ +0.41 +1.99%

As of 15 Oct 2026 · delayed

BSE Listed

GSM · GSM 0 · ESM · ESM 2
What does GSM · GSM 0 · ESM · ESM 2 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 · 2026-03-13
BSE · Enhanced Surveillance Measure (ESM 2)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.

Noble Polymers Limited (539200)

Volume: 19,666Avg Vol 1W: 32,776Avg Vol 1M: 58,76952W Range:₹0.46₹20.99
Market Cap₹9 Cr
Current Price₹20.99
Previous Close₹20.58
High / Low (52w)₹20.99 / ₹0.46
Volume19,666
Avg Vol (1W)32,776
Avg Vol (1M)58,769
Stock P/E—
Book Value₹13.39
Dividend Yield0%
ROE357.8%
ROA230.64%
Revenue (TTM)—
Revenue Growth—
Profit Margin141.7%
Total Debt—
Shares Outstanding0 Cr
Face Value—
EPS (TTM)₹0
P/B1.57
Debt / Equity0.1
50 DMA₹13.55
200 DMA—
Day change+1.99%
SurveillanceGSM · GSM 0 · ESM · ESM 2
Price Chart
₹20.99▲ 4272.92% · 1Y
₹21₹03.3L
2026-02-19
2026-10-15

20-day avg volume: 64K shares

Pros
  • Healthy return on equity of 357.8%.
  • Company is almost debt-free.
Cons
  • Revenue fell 94% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹11 Cr
EBITDA₹-2 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-2 Cr₹1 Cr
Net Profit₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-2 Cr₹1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹6 Cr₹0 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹4 Cr₹-2 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹3 Cr₹-2 Cr
EPS-0.16-0.01-0.01-0.010.01-04.93-2.48
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹8 Cr₹5 Cr
Total Liabilities₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹2 Cr₹1 Cr
Equity₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹6 Cr₹5 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹4 Cr₹-2 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-7 Cr₹2 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹4 Cr₹0 Cr
Free Cash Flow₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹4 Cr₹-2 Cr
Shareholding
Promoter 26.06% Institutions 0% Public 73.95%
Efficiency & Working Capital
ROCE-31.4%
Interest Coverage0
Dividend Payout—
Debtor Days—
Inventory Days—
Payable Days—
Cash Conversion Cycle—
Working Capital Days—
Shareholding Details

As of 2026-09-30

Promoter26.1%
FII0%
DII0%
Institutions0%
Public73.9%
Promoter Pledge0%
No. of Shareholders4,128
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Aug 2026Sept 2026
Promoters0%0%0%0%0%0%0%0%0%0%26.1%26.1%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public100%100%100%100%100%100%100%100%100%100%73.9%73.9%
Promoter Pledge——————————0%0%
No. of Shareholders4,2944,2944,2944,2944,2944,2944,3584,3554,2984,2254,2344,128
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Mahesh Alabhai OdedraShareholding of Promoter and Promoter Group26%22,80,220
Ruhi AyyubiPublic Shareholding2.3%2,04,570
Glaston Mario MenezesPublic Shareholding1.8%1,57,534
Rishabh GoelPublic Shareholding1.4%1,25,000
Multiplier Share & Stock Advisors Pvt LtdPublic Shareholding1.4%1,21,458
Arun GuptaPublic Shareholding1.4%1,19,672
Kishor Govindbhai PatelPublic Shareholding1.4%1,19,407
Hiren Rambhai OdedraShareholding of Promoter and Promoter Group0%1,000
Board of Directors
NameDesignationYear
Anjanaben Rajendrabhai MakwanaWhole-time Director2025
Sushilkumar GoelIndependent Non Exe. Director2025
Bikash TarafdarIndependent Non Exe. Director2025
SanjayKumar S ShahExecutive Director2025
Manika MisraCompany Secretary2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹5433
Corporate Actions
TypeDateValueRemark
forthcoming2026-10-16Split—
split2026-10-162:1face value change from 5 to 10
dividend2026-09-25₹0.05 (1%)Final
forthcoming2026-09-25Dividend—
forthcoming2026-08-14Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2024000000
2024000000
2024000000
Company Information
Incorporated1994
AuditorR B Gohil & Co
Investor Email[email protected]
🌐 www.noblepoly.com ↗

📍 4th Floor 403/A Shivalik Corp, 132 Ft Ring Road Satellite, Ahmedabad, Gujarat, 380015

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