₹20.4
▼ -0.49 -2.35%
18 Jul 2026
BSE Listed
GSM 2Narmada Macplast Drip Irr (517431)
Volume: 30,134Avg Vol 1W: 13,572Avg Vol 1M: 1,12,57152W Range:₹14.56₹34.55
Key Ratios
Checked just nowMarket Cap₹74 Cr
Current Price₹20.4
Previous Close₹20.89
High / Low (52w)₹34.55 / ₹14.56
Volume30,134
Avg Vol (1W)13,572
Avg Vol (1M)1,12,571
Stock P/E44.35
Book Value₹2.59
Dividend Yield10%
ROE17.82%
ROA8.82%
Revenue (TTM)—
Revenue Growth—
Profit Margin12.62%
Total Debt—
Shares Outstanding4 Cr
Face Value—
EPS (TTM)₹0.46
P/B7.87
Debt / Equity0.06
50 DMA₹21.9
200 DMA₹23.25
Day change-2.35%
SurveillanceGSM 2 (as of 2026-07-18)
Price Chart
₹20.4▲ 11.29% · 1Y
2025-07-172026-07-17
20-day avg volume: 1.1L shares
Pros
- Healthy return on equity of 17.8%.
- Pays a dividend yield of 10.0%.
- Company is almost debt-free.
Cons
- Revenue fell 80% YoY.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹4 Cr |
| EBITDA | ₹0 Cr | ₹0 Cr | ₹6 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹6 Cr | ₹0 Cr | ₹9 Cr | ₹4 Cr | ₹4 Cr | ₹13 Cr | ₹10 Cr | ₹2 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 | 0.46 | 0.14 | 0.19 | 0.01 | 0 | 0.02 | 0.02 | 0.01 |
Balance Sheet
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹4 Cr | ₹3 Cr | ₹4 Cr | ₹3 Cr | ₹6 Cr | ₹6 Cr | ₹3 Cr | ₹3 Cr |
| Total Liabilities | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹0 Cr | ₹3 Cr | ₹4 Cr | ₹1 Cr | ₹1 Cr |
| Equity | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|
| Operating | ₹0 Cr | ₹0 Cr | ₹-1 Cr | ₹0 Cr |
| Investing | ₹0 Cr | ₹0 Cr | ₹-1 Cr | ₹0 Cr |
| Financing | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹0 Cr |
| Free Cash Flow | ₹0 Cr | ₹0 Cr | ₹-1 Cr | ₹0 Cr |
Shareholding
Promoter 5.58% Institutions 0% Public 94.42%
Efficiency & Working Capital
ROCE24%
Interest Coverage55
Dividend Payout—
Debtor Days152 d
Inventory Days0 d
Payable Days1 d
Cash Conversion Cycle150 d
Working Capital Days152 d
Shareholding Details
As of 2026-03-31
Promoter5.6%
FII0%
DII0%
Institutions0%
Public94.4%
Promoter Pledge0%
No. of Shareholders7,669
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 | 45.7% | 45.7% | 45.7% | 45.7% | 45.7% | 12.3% | 5.6% | 5.6% | 5.6% | 5.6% | 5.6% | 5.6% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 0% | 0% | 0% | 0% | 0% |
| Public | 53% | 53% | 53% | 53% | 53% | 86.3% | 93.1% | 94.4% | 94.4% | 94.4% | 94.4% | 94.4% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 2,928 | 2,947 | 2,954 | 3,039 | 3,082 | 3,153 | 3,370 | 4,283 | 4,485 | 6,555 | 8,000 | 7,669 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Vrajlal Jadavji Vaghasia | Shareholding of Promoter and Promoter Group | 5.6% | 20,21,510 |
| Jiten Vrajlal Vaghasia | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Vrajlal Jadavji Vaghasia | 0 | 0% | 2026-03-31 |
| Jiten Vrajlal Vaghasia | 0 | 0% | 2026-03-31 |
| Vrajlal Jadavji Vaghasia | 0 | 0% | 2025-12-31 |
| Jiten Vrajlal Vaghasia | 0 | 0% | 2025-12-31 |
| Sachin Govindlal Modi | 0 | 0% | 2025-12-31 |
| Naliniben Dineshbhai Brahmbhatt | 0 | 0% | 2025-12-31 |
| Parikh Rajnikant Babulal | 0 | 0% | 2025-12-31 |
| Imtiyaz Ibrahimbhai Desai | 0 | 0% | 2025-12-31 |
| Nisha Dipen Patel | 0 | 0% | 2025-12-31 |
| Dipen Patel | 0 | 0% | 2025-12-31 |
| Umeshwar Securities Private Limited | 0 | 0% | 2025-12-31 |
| Vrajlal Jadavji Vaghasia | 0 | 0% | 2025-09-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Vrajlal Vaghasia | Chairman/ED & CEO | 2025 |
| Jitenkumar Vaghasia | Executive Director | 2025 |
| Vinesh Laljibhai Babaria | Independent Non Exe. Director | 2025 |
| Kantibhai Devani | Independent Non Exe. Director | 2025 |
| Daxaben Jitenkumar Vaghasia | Non-Exec & Non-Independent Dir | 2025 |
| Nikunj Bhavsar | Non-Exec & Non-Independent Dir | 2025 |
| Hemangi Vasoya | Company Sec. & Compli. Officer | 2025 |
| Bhavin Patel | Independent Director | 2025 |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 5 | 4 | 4 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| split | 2025-10-17 | 1:5 | face value change from 10 to 2 |
| bonus | 2025-10-10 | 1:1 | 1:1 Bonus Issue of Equity Shares |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
Substantial Acquisitions (SAST)
18 disclosure(s)
Market27/03/2026 · 9,13,831
Market20/01/2026 · 2,00,000
Market18/12/2025 · 51,455
Market02/12/2025 · 5,000
Market25/11/2025 · 34,341
Market13/11/2025 · 10,084
Company Information
Incorporated1992
ChairmanVrajlal Vaghasia
AuditorDharit Mehta & Co/Rajendra J Shah & Co
Investor Email[email protected]
📍 Plot No 119-120 Post Santej, Santej-Vadsar Road Taluka-Kalo, Gandhinagar, Gujarat, 382721
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