Debut Plus

23.56

-0.91 -3.72%

10 Sept 2026

BSE Listed

LT-ASM · ASM 1 · ST-ASM · ASM 1
What does LT-ASM · ASM 1 · ST-ASM · ASM 1 mean?
BSE · Long Term Additional Surveillance Measure (ASM 1)LT-ASM is the joint SEBI/exchange framework for SUSTAINED abnormal price moves (contrast ST-ASM's 5–15-day spikes). Entry is beta-adjusted price variation versus the Nifty (e.g. 3-month high-low above 150% plus the stock's β × index move) along with client-concentration checks. Stages I–IV escalate from a 5% price band through 100% margin to Trade-for-Trade with an additional surveillance deposit. Practical meaning: the exchange still considers the price action abnormal — tighter bands and elevated margins continue even if another measure (like ESM) has lifted. A stock can sit under LT-ASM on both exchanges via either exchange's shortlisting; it is a preventive cost-of-speculation measure, not an adverse finding against the company.Criteria: High 3-month / 12-month high-low price variation, close-to-close price variation, client concentration, number of price-band hits, market-wide position limit and P/E — applied in graded Stages I–IV with escalating margin and price-band curbs.Exchange notice · 2026-09-02
BSE · Short Term Additional Surveillance Measure (ASM 1)ST-ASM catches short bursts: a beta-adjusted close-to-close move beyond ±25% in 5 trading days (or ±40% in 15) combined with concentrated trading — or a 75%+ monthly range with fewer than 100–200 unique traders. Practical meaning: margins jump to 50–100% for a few weeks to cool a spike; it either lapses quickly or escalates into LT-ASM if the move sustains.Criteria: Short-term (5 / 15 / 30-day) price-volume abnormality — high-low and close-to-close price variation over the window. Adds 100% margin and a 5% (then 2%) price band.Exchange notice · 2026-08-12

Panjon Ltd. (526345)

Volume: 2,529Avg Vol 1W: 28,378Avg Vol 1M: 14,95552W Range:16.130
Market Cap₹40 Cr
Current Price₹23.56
Previous Close₹24.47
High / Low (52w)₹30 / ₹16.1
Volume2,529
Avg Vol (1W)28,378
Avg Vol (1M)14,955
Stock P/E65.44
Book Value₹9.92
Dividend Yield0%
ROE352.21%
ROA280.33%
Revenue (TTM)
Revenue Growth
Profit Margin123.78%
Total Debt
Shares Outstanding2 Cr
Face Value
EPS (TTM)₹0.36
P/B2.37
Debt / Equity0.09
50 DMA₹19.72
200 DMA₹21.15
Day change-3.72%
SurveillanceLT-ASM · ASM 1 · ST-ASM · ASM 1
Price Chart
23.56 22.52% · 1Y
29162.4L
2025-09-10
2026-09-10

20-day avg volume: 15K shares

Pros
  • Healthy return on equity of 352.2%.
  • Company is almost debt-free.
Cons
  • Revenue fell 35% YoY.
  • Stock trades at a high P/E of 65.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹3 Cr₹11 Cr₹14 Cr₹6 Cr₹15 Cr₹14 Cr₹12 Cr₹8 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
Profit & Loss (Annual)
MetricMar 2015Mar 2016
Revenue₹20 Cr₹13 Cr
EBITDA₹-3 Cr₹0 Cr
Net Profit₹-3 Cr₹0 Cr
EPS-2.210.23
Balance Sheet
MetricMar 2015Mar 2016
Total Assets₹18 Cr₹18 Cr
Total Liabilities₹2 Cr₹2 Cr
Equity₹16 Cr₹16 Cr
Total Debt
Cash Flow
MetricMar 2015Mar 2016
Operating₹1 Cr₹0 Cr
Investing₹5 Cr₹0 Cr
Financing₹-5 Cr₹0 Cr
Free Cash Flow₹1 Cr₹0 Cr
Shareholding
Promoter 56.69% Institutions 0% Public 43.31%
Efficiency & Working Capital
ROCE4.7%
Interest Coverage0
Dividend Payout
Debtor Days261 d
Inventory Days88 d
Payable Days4 d
Cash Conversion Cycle345 d
Working Capital Days349 d
Shareholding Details

As of 2026-06-30

Promoter56.7%
FII0%
DII0%
Institutions0%
Public43.3%
Promoter Pledge0%
No. of Shareholders10,380
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters52%52%52%54.4%56.7%56.7%56.7%56.7%56.7%56.7%56.7%56.7%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public48%48%48%45.6%43.3%43.3%43.3%43.3%43.3%43.3%43.3%43.3%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders9,6839,7219,8289,82810,46010,64510,75710,69310,63710,60910,42110,380
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Jay KothariShareholding of Promoter and Promoter Group21.6%37,09,664
Anju Jay KothariShareholding of Promoter and Promoter Group11.7%20,10,000
Archit KothariShareholding of Promoter and Promoter Group5.8%10,00,000
Aditya KothariShareholding of Promoter and Promoter Group5.8%10,00,000
Raunaq Laboratories LimitedShareholding of Promoter and Promoter Group5.8%10,00,000
Jupiter City Developers (india) LimitedPublic Shareholding3.5%6,02,380
Varsha BafnaShareholding of Promoter and Promoter Group2.9%5,00,200
Sanitex Chemicals LimitedShareholding of Promoter and Promoter Group2.9%5,00,000
Raju M BoraPublic Shareholding2.6%4,37,500
Anil Mansukhlal KothariPublic Shareholding1.8%3,00,000
Mahendra Girdharilal WadhwaniPublic Shareholding1.6%2,73,596
Narveer YadavPublic Shareholding1.4%2,39,513
Poonam Balram BharwaniPublic Shareholding1.3%2,29,300
Manju GaggarPublic Shareholding1%1,76,000
Sajjan Bai KothariShareholding of Promoter and Promoter Group0.1%8,951
Nagin KothariShareholding of Promoter and Promoter Group0%1,000
Board of Directors
NameDesignationYear
Jay KothariManaging Director2025
Anju KothariExecutive Director2025
Pooja BhandariIndependent Non Exe. Director2025
Athak MahajanIndependent Non Exe. Director2025
Rajiv KumarIndependent Non Exe. Director2025
Arpita VijayvargiyaCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Manufacturing₹30 Cr100%
Segments — Geography
RegionRevenueShare
Central₹28 Cr90.5%
North₹1 Cr2%
East₹0 Cr0.8%
West₹1 Cr4.9%
South₹0 Cr0.2%
Export₹0 Cr1.5%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10191617
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-13Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000303
2025000303
2025000000
Substantial Acquisitions (SAST)

2 disclosure(s)

Pref. Allotment28/06/2024 · 8,55,000
Pref. Allotment21/03/2024 · 8,10,826
Company Information
Incorporated1983
AuditorGoyal Parul & Co
🌐 www.panjon.in

📍 01 Panjon Farm House, Airport Bijasan Road, Indore, Madhya Pradesh, 452005

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