₹11.05
▲ +0.21 +1.94%
17 Jul 2026
BSE Listed · Miscellaneous
ESM 2Bhagawati Gas Limited (500051)
Volume: 6,431Avg Vol 1W: 6,338Avg Vol 1M: 27,71452W Range:₹0.79₹11.05
Key Ratios
Checked 8h agoMarket Cap₹19 Cr
Current Price₹11.05
Previous Close₹10.84
High / Low (52w)₹11.05 / ₹0.79
Volume6,431
Avg Vol (1W)6,338
Avg Vol (1M)27,714
Stock P/E2.34
Book Value₹15,873.07
Dividend Yield0%
ROE2.66%
ROA-1.75%
Revenue (TTM)—
Revenue Growth—
Profit Margin0%
Total Debt—
Shares Outstanding2 Cr
Face Value₹2
EPS (TTM)₹4.73
P/B0
Debt / Equity0.13
50 DMA₹7.18
200 DMA—
Day change+1.94%
SurveillanceESM 2 (as of 2026-07-16)
Price Chart
₹11.05▲ 1247.56% · 1Y
2026-02-262026-07-16
20-day avg volume: 30K shares
Pros
- Company is almost debt-free.
- Revenue grew 206% YoY.
Quarterly Results
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹13 Cr | ₹16 Cr | ₹18 Cr |
| EBITDA | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹9 Cr | ₹-1 Cr | ₹8 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹9 Cr | ₹-1 Cr | ₹-17 Cr |
| EPS | -0.02 | -0.11 | -0.25 | -0.07 | 1.22 | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹0 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹4 Cr | ₹1 Cr | ₹1 Cr | ₹4 Cr |
| EBITDA | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr | ₹-1 Cr | ₹1 Cr | ₹-1 Cr | ₹0 Cr | ₹1 Cr |
| Net Profit | ₹-1 Cr | ₹0 Cr | ₹-1 Cr | ₹-2 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| EPS | -0.43 | -0.18 | -0.61 | -0.98 | 0.51 | 0.38 | -0.11 | 0.1 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹24 Cr | ₹20 Cr | ₹20 Cr | ₹17 Cr | ₹18 Cr | ₹19 Cr | ₹19 Cr | ₹21 Cr |
| Total Liabilities | ₹7 Cr | ₹4 Cr | ₹5 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹5 Cr | ₹7 Cr |
| Equity | ₹16 Cr | ₹16 Cr | ₹15 Cr | ₹13 Cr | ₹14 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹-2 Cr | ₹-2 Cr | ₹-3 Cr | ₹0 Cr | ₹-2 Cr |
| Investing | ₹1 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Financing | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr |
| Free Cash Flow | ₹-2 Cr | ₹-2 Cr | ₹-3 Cr | ₹0 Cr | ₹-2 Cr |
Shareholding
Promoter 34.23% Institutions 0.15% Public 65.62%
Efficiency & Working Capital
ROCE0%
Interest Coverage3.8
Dividend Payout—
Debtor Days—
Inventory Days—
Payable Days—
Cash Conversion Cycle—
Working Capital Days—
Shareholding Details
As of 2026-03-31
Promoter34.2%
FII0%
DII0.2%
Institutions0.2%
Public65.6%
Promoter Pledge0%
No. of Shareholders22,814
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% | 34.2% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| Public | 65.6% | 65.6% | 65.6% | 65.6% | 65.6% | 65.6% | 65.6% | 65.6% | 65.6% | 65.6% | 65.6% | 65.6% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 22,889 | 22,891 | 22,888 | 22,883 | 22,884 | 22,880 | 22,880 | 22,880 | 22,877 | 22,878 | 22,877 | 22,814 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Rakesh Samrat Bhardwaj | Shareholding of Promoter and Promoter Group | 14% | 23,47,610 |
| Bhagawati Steel Pvt Ltd | Shareholding of Promoter and Promoter Group | 6.2% | 10,40,600 |
| Shachi Bhardwaj | Shareholding of Promoter and Promoter Group | 5.8% | 9,77,600 |
| Air Liquide India Holding Pvt. Ltd. | Public Shareholding | 4.7% | 7,84,400 |
| Himanshu Sharma | Shareholding of Promoter and Promoter Group | 2.7% | 4,49,363 |
| Prem Lata Daga | Public Shareholding | 1.6% | 2,65,000 |
| Ramrup Sharma | Shareholding of Promoter and Promoter Group | 1% | 1,71,810 |
| Sarbati Devi Sharma | Shareholding of Promoter and Promoter Group | 0.9% | 1,46,450 |
| Bhagawati Oxygen Limited | Shareholding of Promoter and Promoter Group | 0.5% | 90,000 |
| S K Steels Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.5% | 81,900 |
| Blue Cross Services Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.4% | 70,000 |
| Suresh Kumar Sharma | Shareholding of Promoter and Promoter Group | 0.4% | 64,650 |
| B.p. Bhardwaj | Shareholding of Promoter and Promoter Group | 0.3% | 50,100 |
| Ngp Industries Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.3% | 50,000 |
| Lavino Portfolios Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.2% | 40,000 |
| Padmaja Bhardwaj | Shareholding of Promoter and Promoter Group | 0.2% | 34,300 |
| Kanta Devi Bhardwaj | Shareholding of Promoter and Promoter Group | 0.2% | 33,410 |
| Vivek Sharma | Shareholding of Promoter and Promoter Group | 0.2% | 24,400 |
| Bhagawati International Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.2% | 25,000 |
| Dyuman Bhardwaj | Shareholding of Promoter and Promoter Group | 0.1% | 14,000 |
| Tara Devi Sharma | Shareholding of Promoter and Promoter Group | 0.1% | 11,700 |
| Suman Sharma | Shareholding of Promoter and Promoter Group | 0% | 6,000 |
| Shashi Sharma | Shareholding of Promoter and Promoter Group | 0% | 1,000 |
| Gokula Nanda Mukherjee | Shareholding of Promoter and Promoter Group | 0% | 500 |
| Murlidhar Gupta | Shareholding of Promoter and Promoter Group | 0% | 10 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Rakesh Samrat Bhardwaj | 0 | 0% | 2026-03-31 |
| Shachi Bhardwaj | 0 | 0% | 2026-03-31 |
| Himanshu Sharma | 0 | 0% | 2026-03-31 |
| Sarbati Devi Sharma | 0 | 0% | 2026-03-31 |
| Ramrup Sharma | 0 | 0% | 2026-03-31 |
| B.p. Bhardwaj | 0 | 0% | 2026-03-31 |
| Padmaja Bhardwaj | 0 | 0% | 2026-03-31 |
| Kanta Devi Bhardwaj | 0 | 0% | 2026-03-31 |
| Vivek Sharma | 0 | 0% | 2026-03-31 |
| Suresh Kumar Sharma | 0 | 0% | 2026-03-31 |
| Dyuman Bhardwaj | 0 | 0% | 2026-03-31 |
| Tara Devi Sharma | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Rakesh S Bhardwaj | Chairman / Executive Director / Managing Director | 2025 |
| Shachi Bhardwaj | Non Executive Director | 2025 |
| Nawal Kishor Joshi | Non Executive Director | 2025 |
| Narendra Kumar Agarwal | Independent Non Exe. Director | 2025 |
| Vijay Gupta | Independent Non Exe. Director | 2025 |
| SUMEET KUMAR | Independent Non Exe. Director | 2025 |
| Nidhi Babbar | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Cleaning of water bodies (Water Tre | ₹0 Cr | 76.4% |
| Trading of Oxygen Genrator Machine | ₹0 Cr | 23.6% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 25 | 17 | 17 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 1 | 1 | 2 |
| 2025 | 0 | 0 | 0 | 0 | 1 | 1 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
Company Information
Incorporated1974
ChairmanRakesh S Bhardwaj
AuditorJain Paras Bilala & Co
Investor Email[email protected]
📍 Banawas, Khetrinagar, Jhunjhunun, Rajasthan, 333504
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