IPO Plus

₹3.53

▼ -0.07 -1.94%

29 Oct 2026

BSE Listed

ESM · ESM 2
What does ESM · ESM 2 mean?
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.Exchange notice · 2026-07-08

RGF Capital Markets Limited (539669)

Volume: 4,470Avg Vol 1W: 2,98,937Avg Vol 1M: 5,27,50152W Range:₹0.58₹3.95
BSE www.rgfcapitalmarkets.com AI Report
Key Ratios
Checked just now
Market Cap₹53 Cr
Current Price₹3.53
Previous Close₹3.6
High / Low (52w)₹3.95 / ₹0.58
Volume4,470
Avg Vol (1W)2,98,937
Avg Vol (1M)5,27,501
Stock P/E374
Book Value₹0.9
Dividend Yield0%
ROE-174.38%
ROA-133.25%
Revenue (TTM)—
Revenue Growth—
Profit Margin-22%
Total Debt—
Shares Outstanding15 Cr
Face Value—
EPS (TTM)₹0
P/B3.92
Debt / Equity0
50 DMA₹2.23
200 DMA₹1.66
Day change-1.94%
SurveillanceESM · ESM 2
Price Chart
₹3.53▲ 443.08% · 1Y
₹4₹11.4Cr
2025-10-29
2026-10-29

20-day avg volume: 5.7L shares

Pros
  • Company is almost debt-free.
  • Revenue grew 323% YoY.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 374.
Quarterly Results
MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 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₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS-0-0.02-0.01-00000
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹14 Cr₹14 Cr₹14 Cr₹15 Cr₹14 Cr₹15 Cr₹15 Cr₹16 Cr
Total Liabilities₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹1 Cr₹2 Cr₹2 Cr
Equity₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹0 Cr₹1 Cr₹0 Cr₹1 Cr₹1 Cr₹0 Cr
Investing₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Free Cash Flow₹0 Cr₹1 Cr₹0 Cr₹1 Cr₹1 Cr₹0 Cr
Shareholding
Promoter 16.98% Institutions 0% Public 83.02%
Efficiency & Working Capital
ROCE0.6%
Interest Coverage0
Dividend Payout—
Debtor Days52 d
Inventory Days0 d
Payable Days1180 d
Cash Conversion Cycle-1128 d
Working Capital Days52 d
Shareholding Details

As of 2026-09-30

Promoter17%
FII0%
DII0%
Institutions0%
Public83%
Promoter Pledge0%
No. of Shareholders12,599
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters25%25%25%25%25%25%25%25%25%25%25%17%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public75%75%75%75%75%75%75%75%75%75%75%83%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2,2633,4697,49310,03412,99812,76513,03313,31312,80012,33012,05312,599
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Somani Ventures And InnovationsPublic Shareholding5.7%85,71,455
Sagar Mal NahataShareholding of Promoter and Promoter Group5.5%82,73,655
Jaibalaji Business Corporation Private LimitedPublic Shareholding4.5%67,06,000
Sharp Investments LtdShareholding of Promoter and Promoter Group4.2%63,48,130
Extropy Realty Private LimitedPublic Shareholding4%60,14,744
Nishad Jitendra ShahPublic Shareholding3%44,27,548
Ranveer Singh ChhabraPublic Shareholding2.8%42,00,000
Edurise Career SolutionsPublic Shareholding2.4%36,11,564
Divya KandaPublic Shareholding2.3%34,15,701
Rajshree Nishad ShahPublic Shareholding2.2%32,56,753
Unique Comtrade Private LimitedPublic Shareholding2%30,00,000
Mission Vyapaar Private LimitedShareholding of Promoter and Promoter Group2%29,87,341
Parshwa Nishad ShahPublic Shareholding1.9%27,71,916
Fortune Vyapaar Private LimitedShareholding of Promoter and Promoter Group1.8%26,65,340
Harjeet Kaur ChhabraPublic Shareholding1.6%24,00,000
Buddleia Traders Private LimitedShareholding of Promoter and Promoter Group1.4%21,66,934
Ram Kumar AggarwalPublic Shareholding1.3%20,00,000
Mihir Kishorkumar ShahPublic Shareholding1.3%19,00,000
Trupti Management ServicesPublic Shareholding1.3%18,70,795
Board of Directors
NameDesignationYear
Sagarmal NahataExecutive Director / Managing Director / CFO2026
Sujit Kumar PandaNon-Exec & Non-Independent Dir2026
Ajay Pratap SinghIndependent Non Exe. Director2026
Basanti RoyIndependent Non Exe. Director2026
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹1161515
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000000
2025000000
2025000000
Insider / Designated-Person Trades

24 recent disclosure(s)

Synosy Automotive Private LimitedDisposal · 7,25,000
Sharp Investments LimitedDisposal · 7,25,000
Sagar Mal NahataDisposal · 7,25,000
Mission Vyapaar Private LimitedDisposal · 7,25,000
Fortune Vyapaar Private LimitedDisposal · 7,25,000
Caravan Vyapaar Private LimitedDisposal · 1,68,195
Substantial Acquisitions (SAST)

35 disclosure(s)

Market18/08/2026 · 7,25,000
Market18/08/2026 · 7,25,000
Market18/08/2026 · 7,25,000
Market18/08/2026 · 7,25,000
Market16/02/2026 · 18,70,795
Market16/02/2026 · 25,56,753
Company Information
Incorporated1983
AuditorBeriwal & Associates
Investor Email[email protected]; [email protected]
🌐 www.rgfcapitalmarkets.com ↗

📍 14 N S Road, 2nd Floor, Kolkata, West Bengal, 700001

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