IPO Plus

59.3

+2.6 +4.59%

As of 22 Sept 2026 · delayed

NSE Listed

ESM 1

Smarten Power Systems Ltd. (SMARTEN)

Volume: 56,400Avg Vol 1W: 24,720Avg Vol 1M: 16,02052W Range:42104.8
Market Cap₹113 Cr
Current Price₹59.3
Previous Close₹56.7
High / Low (52w)₹104.8 / ₹42
Volume56,400
Avg Vol (1W)24,720
Avg Vol (1M)16,020
Stock P/E12.81
Book Value₹44.02
Dividend Yield0%
ROE10.52%
ROA7.74%
Revenue (TTM)₹244 Cr
Revenue Growth3.4%
Profit Margin5.54%
Total Debt₹2 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹4.63
P/B1.35
Debt / Equity0.18
50 DMA₹55.4
200 DMA₹58.32
Day change+4.59%
SurveillanceESM 1
Price Chart
59.3 36.20% · 1Y
98432.7L
2025-09-22
2026-09-22

20-day avg volume: 16K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 42% YoY.
Quarterly Results
MetricJun 2024
Revenue₹61 Cr
EBITDA₹6 Cr
Net Profit₹4 Cr
EPS
Profit & Loss (Annual)
MetricMar 2021Mar 2022Mar 2023Mar 2024Jun 2024Mar 2025Mar 2026
Revenue₹98 Cr₹168 Cr₹186 Cr₹199 Cr₹61 Cr₹203 Cr₹244 Cr
EBITDA₹3 Cr₹6 Cr₹8 Cr₹17 Cr₹6 Cr₹18 Cr₹13 Cr
Net Profit₹2 Cr₹4 Cr₹5 Cr₹11 Cr₹4 Cr₹13 Cr₹9 Cr
EPS96.552.83.517.538.514.63
Balance Sheet
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹40 Cr₹62 Cr₹76 Cr₹79 Cr₹97 Cr₹139 Cr
Total Liabilities₹35 Cr₹53 Cr₹62 Cr₹54 Cr₹59 Cr₹55 Cr
Equity₹5 Cr₹9 Cr₹14 Cr₹26 Cr₹39 Cr₹84 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹3 Cr₹4 Cr₹0 Cr₹5 Cr₹2 Cr₹-5 Cr
Investing₹-2 Cr₹-2 Cr₹0 Cr₹-1 Cr₹-6 Cr₹-17 Cr
Financing₹1 Cr₹1 Cr₹2 Cr₹2 Cr₹9 Cr₹24 Cr
Free Cash Flow₹3 Cr₹4 Cr₹0 Cr₹5 Cr₹2 Cr₹-5 Cr
Shareholding
Promoter 67.1% Institutions 0% Public 32.9%
Efficiency & Working Capital
ROCE14.4%
Interest Coverage12.2
Dividend Payout
Debtor Days78 d
Inventory Days59 d
Payable Days60 d
Cash Conversion Cycle76 d
Working Capital Days137 d
Shareholding Details

As of 2026-06-30

Promoter67.1%
FII0%
DII0%
Institutions0%
Public32.9%
Promoter Pledge0%
No. of Shareholders1,353
Shareholding Pattern

Quarterly — figures in %. Latest 8 quarters.

PeriodDec 2024Jun 2025Jul 2025Jul 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters91.7%91.7%67.1%67.1%67.1%67.1%67.1%67.1%
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%1.4%0%0%0%0%0%
Public8.3%8.3%31.5%32.9%32.9%32.9%32.9%32.9%
Promoter Pledge0%0%0%0%0%0%0%0%
No. of Shareholders24241,6741,6741,5471,4891,3651,353
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603
Major Shareholders (>1%)
NameCategoryStakeShares
Rajnish SharmaShareholding of Promoter and Promoter Group17.9%33,99,950
Arun BhardwajShareholding of Promoter and Promoter Group17.9%33,99,950
Ravi DuttShareholding of Promoter and Promoter Group17.9%33,99,950
Tirath Singh KhairaShareholding of Promoter and Promoter Group13.4%25,50,525
Rajeev GargPublic Shareholding2.9%5,52,825
Arihant Capital Markets LimitedPublic Shareholding1.5%2,91,600
Saturn Dess PrivatePublic Shareholding1%1,92,000
RenuShareholding of Promoter and Promoter Group0%0
Kapoor ChandShareholding of Promoter and Promoter Group0%0
Shashi PrabhaShareholding of Promoter and Promoter Group0%0
Varun BhardwajShareholding of Promoter and Promoter Group0%0
Anju BhardwajShareholding of Promoter and Promoter Group0%0
Atharv BhardwajShareholding of Promoter and Promoter Group0%0
Akshita BhardwajShareholding of Promoter and Promoter Group0%0
Dhanya BhardwajShareholding of Promoter and Promoter Group0%0
Hanuman ParsadShareholding of Promoter and Promoter Group0%0
Raj BalaShareholding of Promoter and Promoter Group0%0
DeepakShareholding of Promoter and Promoter Group0%0
SumanShareholding of Promoter and Promoter Group0%0
Monika K KaushikShareholding of Promoter and Promoter Group0%0
SonikaShareholding of Promoter and Promoter Group0%0
Pooja SharmaShareholding of Promoter and Promoter Group0%0
Krishana DeviShareholding of Promoter and Promoter Group0%0
Sanjay KumarShareholding of Promoter and Promoter Group0%0
Sunita RaniShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Arun BhardwajManaging Director2025
Rajnish SharmaWhole Time Director & Chief Executive Officer2025
Ravi DuttWhole Time Director2025
Tirath Singh KhairaWhole Time Director2025
Tejas Pralhad KarhadkarChairman & Independent Director2025
Amit KariaIndependent Director2025
Vaishali ShrivastavaIndependent Director2025
Rajbir SharmaCompany Sec. & Compli. Officer2025
Segments — Geography
RegionRevenueShare
Domestic₹217 Cr94.9%
Exports₹12 Cr5.1%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10201919
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026700209
2026400004
2026100203
Company Information
Incorporated2014
ChairmanTejas Pralhad Karhadkar
AuditorMahesh Yadav & Co
Investor Email[email protected]
🌐 www.smartenpowersystems.com

📍 374 1st Floor Pace City-2, Sector-37, Gurgaon, Haryana, 122001

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