IPO Plus

₹89

▼ -3.65 -3.94%

27 Oct 2026

BSE Listed

GSM · GSM 1
What does GSM · GSM 1 mean?
BSE · Graded Surveillance Measure (GSM 1)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

Asia Capital Limited (538777)

Volume: 1,032Avg Vol 1W: 323Avg Vol 1M: 53152W Range:₹18.23₹128
Market Cap₹28 Cr
Current Price₹89
Previous Close₹92.65
High / Low (52w)₹128 / ₹18.23
Volume1,032
Avg Vol (1W)323
Avg Vol (1M)531
Stock P/E161.82
Book Value₹17.21
Dividend Yield0%
ROE322.1%
ROA299.63%
Revenue (TTM)—
Revenue Growth—
Profit Margin45.71%
Total Debt—
Shares Outstanding0 Cr
Face Value—
EPS (TTM)₹0.55
P/B5.17
Debt / Equity0.14
50 DMA₹105.65
200 DMA—
Day change-3.94%
SurveillanceGSM · GSM 1
Price Chart
₹89▲ 388.21% · 1Y
₹126₹181.1L
2026-02-13
2026-10-27

20-day avg volume: 554 shares

Pros
  • Healthy return on equity of 322.1%.
  • Company is almost debt-free.
Cons
  • Revenue fell 25% YoY.
  • Stock trades at a high P/E of 162.
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₹31 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹0 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
EPS0.560.750.590.590.630.660.970.44
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹4 Cr₹4 Cr₹5 Cr₹5 Cr₹6 Cr₹6 Cr₹7 Cr₹5 Cr
Total Liabilities₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹2 Cr₹0 Cr
Equity₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹5 Cr₹5 Cr₹5 Cr₹5 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹6 Cr₹-2 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-2 Cr
Free Cash Flow₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹6 Cr₹-2 Cr
Shareholding
Promoter 75% Institutions 0% Public 25%
Efficiency & Working Capital
ROCE4.3%
Interest Coverage0
Dividend Payout—
Debtor Days0 d
Inventory Days0 d
Payable Days41 d
Cash Conversion Cycle-41 d
Working Capital Days0 d
Shareholding Details

As of 2026-09-30

Promoter75%
FII0%
DII0%
Institutions0%
Public25%
Promoter Pledge0%
No. of Shareholders217
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters75%75%75%75%75%75%75%75%75%75%75%75%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public25%25%25%25%25%25%25%25%25%25%25%25%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders13131313131313131320130217
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Skc Investment Advisors Private LimitedShareholding of Promoter and Promoter Group75%23,18,990
Abhishek RichhariyaPublic Shareholding4%1,22,000
Ratan Babulal LathPublic Shareholding3.3%1,02,530
Avritti MishraPublic Shareholding3.2%1,00,000
Dilip Kumar JhaPublic Shareholding1.9%60,000
Ajaykumar Bholanath GuptaPublic Shareholding1.9%60,000
Shashindra Omprakash SinghPublic Shareholding1.6%50,000
Smit Ketan ShahPublic Shareholding1.3%40,130
Shatrughna A MandalPublic Shareholding1.3%40,000
D.m. International Private LimitedShareholding of Promoter and Promoter Group0%0
Deepak Kumar Jain Joint Kavita JainShareholding of Promoter and Promoter Group0%0
Surendra Kumar Jain Joint Deepak Kumar JainShareholding of Promoter and Promoter Group0%0
Manoj Kumar Jain Joint Nidhi JainShareholding of Promoter and Promoter Group0%0
Kavita Jain Joint Deepak Kumar JainShareholding of Promoter and Promoter Group0%0
Nidhi Jain Joint Manoj Kumar JainShareholding of Promoter and Promoter Group0%0
Chandra Bhan Agarwal Joint Meera Rani AgarwalShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Santosh Suresh ChoudharyChairman / Executive Director / M D / Promoter2026
Sanjay Kashi RajgarhiaIndependent Non Exe. Director2026
Dipti SinghIndependent Non Exe. Director2026
Sangeeta Sudhir Kumar TrivediNon-Exec & Non-Independent Dir2026
Devendra Singh Ram Singh RamolaExecutive Director2026
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹101033
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-06Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026000012
2026000012
2026000000
Company Information
Incorporated1983
ChairmanSantosh Suresh Choudhary
AuditorShankarlal Jain & Associates LLP
Investor Email[email protected]
🌐 www.asiacapital.in ↗

📍 2nd Floor Jeevan Deep Building, Parliament Street, New Delhi, New Delhi, 110001

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