₹31.25
▼ -0.6 -1.88%
17 Jul 2026
BSE Listed
ESM 2United Van Der Horst Ltd. (522091)
Volume: 1,204Avg Vol 1W: 2,690Avg Vol 1M: 2,55552W Range:₹26₹62.69
Key Ratios
Checked just nowMarket Cap₹215 Cr
Current Price₹31.25
Previous Close₹31.85
High / Low (52w)₹62.69 / ₹26
Volume1,204
Avg Vol (1W)2,690
Avg Vol (1M)2,555
Stock P/E41.12
Book Value₹7.71
Dividend Yield0%
ROE9.84%
ROA117.21%
Revenue (TTM)—
Revenue Growth—
Profit Margin0%
Total Debt—
Shares Outstanding7 Cr
Face Value—
EPS (TTM)₹0.76
P/B4.05
Debt / Equity0.55
50 DMA₹36.37
200 DMA₹39.09
Day change-1.88%
SurveillanceESM 2 (as of 2026-07-17)
Price Chart
₹31.25▲ 19.27% · 1Y
2025-07-162026-07-16
20-day avg volume: 3K shares
Pros
- Company is almost debt-free.
- Revenue grew 31% YoY.
- Net profit is growing year over year.
Quarterly Results
| Metric | Dec 2025 | Mar 2026 |
|---|---|---|
| Revenue | ₹8 Cr | ₹6 Cr |
| EBITDA | ₹2 Cr | ₹1 Cr |
| Net Profit | ₹1 Cr | ₹0 Cr |
| EPS | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4 Cr | ₹6 Cr | ₹8 Cr | ₹9 Cr | ₹12 Cr | ₹17 Cr | ₹23 Cr | ₹31 Cr |
| EBITDA | ₹-4 Cr | ₹-2 Cr | ₹1 Cr | ₹3 Cr | ₹2 Cr | ₹5 Cr | ₹6 Cr | ₹9 Cr |
| Net Profit | ₹-1 Cr | ₹-2 Cr | ₹1 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹4 Cr |
| EPS | -1.62 | -5.45 | 3.22 | 0.79 | 2.54 | 2.09 | 1.49 | 3.29 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹49 Cr | ₹47 Cr | ₹48 Cr | ₹56 Cr | ₹60 Cr | ₹73 Cr | ₹88 Cr | ₹88 Cr |
| Total Liabilities | ₹21 Cr | ₹21 Cr | ₹20 Cr | ₹27 Cr | ₹28 Cr | ₹39 Cr | ₹44 Cr | ₹37 Cr |
| Equity | ₹28 Cr | ₹26 Cr | ₹29 Cr | ₹30 Cr | ₹33 Cr | ₹35 Cr | ₹44 Cr | ₹51 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹11 Cr |
| Investing | ₹-4 Cr | ₹-4 Cr | ₹-10 Cr | ₹-11 Cr | ₹-3 Cr |
| Financing | ₹5 Cr | ₹2 Cr | ₹7 Cr | ₹8 Cr | ₹-9 Cr |
| Free Cash Flow | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹12 Cr |
Shareholding
Promoter 74.94% Institutions 0% Public 25.06%
Efficiency & Working Capital
ROCE11.8%
Interest Coverage3.1
Dividend Payout—
Debtor Days140 d
Inventory Days84 d
Payable Days32 d
Cash Conversion Cycle192 d
Working Capital Days224 d
Shareholding Details
As of 2026-03-31
Promoter74.9%
FII0%
DII0%
Institutions0%
Public25.1%
Promoter Pledge0%
No. of Shareholders6,624
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Aug 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 70.4% | 72.1% | 72.1% | 72.1% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 29.5% | 27.9% | 27.9% | 27.9% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25.1% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 5,393 | 5,452 | 7,488 | 6,900 | 6,900 | 6,947 | 6,689 | 6,575 | 6,371 | 6,820 | 6,681 | 6,624 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Jagmeet Singh Sabharwal | Shareholding of Promoter and Promoter Group | 68.6% | 4.73 Cr |
| Max Spare Limited | Shareholding of Promoter and Promoter Group | 5.7% | 39,00,000 |
| Rajesh R Shah | Public Shareholding | 3.8% | 25,87,665 |
| Shaunak Jagdish Shah | Public Shareholding | 1.7% | 11,72,400 |
| Vinod Sood | Public Shareholding | 1.2% | 8,09,181 |
| Salim Pyarli Govani | Public Shareholding | 1.1% | 7,46,500 |
| Rajiv Singh | Public Shareholding | 1.1% | 7,25,000 |
| Daga Sandeep Ramdas | Public Shareholding | 1% | 7,00,000 |
| Sheetal Jagmeet Singh Sabharwal | Shareholding of Promoter and Promoter Group | 0.7% | 5,00,000 |
| Kabir Sabharwal | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kyra Sabharwal | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Jagdish Kumudrai Dholakia | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ila Jagdish Dholakia | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Vishakha Dholakia | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Jagmeet Singh Sabharwal Huf | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Curative Power Lab Solutions Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Devdip Dychem Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Dholakia Ceramic Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Kabir Chemtech Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Inco Colours (india) Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 0 |
| B R Steel Products Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Dew Drop Properties Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Max Green Farms Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Jagmeet Singh Sabharwal | 0 | 0% | 2026-03-31 |
| Sheetal Jagmeet Singh Sabharwal | 0 | 0% | 2026-03-31 |
| Kabir Sabharwal | 0 | 0% | 2026-03-31 |
| Kyra Sabharwal | 0 | 0% | 2026-03-31 |
| Jagdish Kumudrai Dholakia | 0 | 0% | 2026-03-31 |
| Ila Jagdish Dholakia | 0 | 0% | 2026-03-31 |
| Vishakha Dholakia | 0 | 0% | 2026-03-31 |
| Jagmeet Singh Sabharwal Huf | 0 | 0% | 2026-03-31 |
| Max Spare Limited | 0 | 0% | 2026-03-31 |
| Curative Power Lab Solutions Private Limited | 0 | 0% | 2026-03-31 |
| Devdip Dychem Private Limited | 0 | 0% | 2026-03-31 |
| Dholakia Ceramic Private Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| JAGMEET SINGH SABHARWAL | Chairman / Executive Director / M D / Promoter | 2025 |
| Akshay Ashokan Veliyil | Non-Exec & Non-Independent Dir | 2025 |
| Tripti Mahesh Sharma | Independent Non Exe. Director | 2025 |
| Adarsh Khandelwal | Independent Non Exe. Director | 2025 |
| Ronak Parakh | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Manufacturing | ₹11 Cr | 38% |
| Reconditioning | ₹19 Cr | 62% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹5 | 7 | 14 | 7 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2026-02-13 | ₹0.2 (20%) | Interim 2 |
| split | 2026-01-22 | 1:5 | face value change from 5 to 1 |
| dividend | 2025-09-19 | ₹0.5 (10%) | Final |
| dividend | 2025-08-21 | ₹1 (20%) | Interim 1 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 9 | 3 | 12 |
| 2025 | 0 | 0 | 0 | 9 | 0 | 10 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
Substantial Acquisitions (SAST)
6 disclosure(s)
Off Market20/11/2025 · 1,00,000
Off Market20/11/2025 · 1,00,000
Off Market20/11/2025 · 1,00,000
Conv. of Warrants13/08/2024 · 14,20,000
Conv. of Warrants12/12/2023 · 3,40,000
Conv. of Warrants12/12/2023 · 3,40,000
Company Information
Incorporated1987
ChairmanJAGMEET SINGH SABHARWAL
AuditorC K S P & Co LLP
Investor Email[email protected]
📍 E-29/30 MIDC Industrial Area, Taloja Raigad Dist, Navi Mumbai, Maharashtra, 410208
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