Debut Plus

213.85

-11.26 -5.00%

10 Sept 2026

BSE Listed

ESM · ESM 1
What does ESM · ESM 1 mean?
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-24

Lippi Systems Ltd. (526604)

Volume: 13,520Avg Vol 1W: 13,919Avg Vol 1M: 13,72052W Range:22.98281.2
Market Cap₹150 Cr
Current Price₹213.85
Previous Close₹225.11
High / Low (52w)₹281.2 / ₹22.98
Volume13,520
Avg Vol (1W)13,919
Avg Vol (1M)13,720
Stock P/E37.52
Book Value₹35.59
Dividend Yield0%
ROE15.14%
ROA13.7%
Revenue (TTM)
Revenue Growth
Profit Margin0%
Total Debt
Shares Outstanding1 Cr
Face Value
EPS (TTM)₹5.7
P/B6.01
Debt / Equity0.02
50 DMA₹233.25
200 DMA₹102.43
Day change-5.00%
SurveillanceESM · ESM 1
Price Chart
213.85 825.36% · 1Y
276223.4L
2025-09-10
2026-09-10

20-day avg volume: 15K shares

Pros
  • Healthy return on equity of 15.1%.
  • Company is almost debt-free.
Cons
  • Revenue fell 32% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹7 Cr₹-1 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹5 Cr₹-1 Cr₹0 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹17 Cr₹17 Cr₹15 Cr₹14 Cr₹15 Cr₹1 Cr₹1 Cr₹1 Cr
EBITDA₹3 Cr₹2 Cr₹1 Cr₹0 Cr₹2 Cr₹-2 Cr₹-1 Cr₹-1 Cr
Net Profit₹1 Cr₹1 Cr₹0 Cr₹0 Cr₹1 Cr₹-2 Cr₹-1 Cr₹-1 Cr
EPS1.381.180.26-0.611.2-2.31-1.23-1.06
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹39 Cr₹35 Cr₹34 Cr₹34 Cr₹27 Cr₹25 Cr₹24 Cr₹22 Cr
Total Liabilities₹16 Cr₹11 Cr₹10 Cr₹10 Cr₹3 Cr₹2 Cr₹2 Cr₹1 Cr
Equity₹23 Cr₹24 Cr₹24 Cr₹24 Cr₹24 Cr₹23 Cr₹22 Cr₹21 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹3 Cr₹-1 Cr₹0 Cr₹-1 Cr₹2 Cr
Investing₹-2 Cr₹7 Cr₹0 Cr₹1 Cr₹1 Cr
Financing₹-1 Cr₹-6 Cr₹0 Cr₹1 Cr₹-1 Cr
Free Cash Flow₹3 Cr₹-1 Cr₹0 Cr₹-1 Cr₹2 Cr
Shareholding
Promoter 49.77% Institutions 0% Public 50.23%
Efficiency & Working Capital
ROCE18.3%
Interest Coverage0
Dividend Payout
Debtor Days
Inventory Days
Payable Days
Cash Conversion Cycle
Working Capital Days
Shareholding Details

As of 2026-08-31

Promoter49.8%
FII0%
DII0%
Institutions0%
Public50.2%
Promoter Pledge0%
No. of Shareholders4,969
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Aug 2026
Promoters51.7%51.7%51.7%51.7%51.7%51.7%51.7%51.7%51.7%51.7%51.7%49.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public48.3%48.3%48.3%48.3%48.3%48.3%48.3%48.3%48.3%48.3%48.3%50.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders4,5674,6464,6554,8504,9574,9274,8824,8334,7604,8054,9664,969
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Jagdish Shivji DholuShareholding of Promoter and Promoter Group15.3%10,70,891
Vinesh Shivji DholuShareholding of Promoter and Promoter Group14.6%10,25,100
Jagruti Vinesh DholuShareholding of Promoter and Promoter Group7.7%5,35,195
Parul Jagdish DholuShareholding of Promoter and Promoter Group7.3%5,09,809
Guttikonda RajasekharPublic Shareholding5.7%4,00,003
Shivji Karamshi DholuShareholding of Promoter and Promoter Group4.9%3,42,867
Dwaraka Vithal NaikPublic Shareholding4%2,82,000
Guttikonda Vara LakshmiPublic Shareholding2.6%1,81,039
Shah Sharmistha ShaileshkumarPublic Shareholding1.7%1,17,160
Neha Sumit SanghviPublic Shareholding1.2%83,707
Hitesh Ramji JaveriPublic Shareholding1.1%73,425
Advanced EnergyPublic Shareholding0.9%65,200
Board of Directors
NameDesignationYear
Nandlal J AgrawalChairman / Executive Director / M D / Promoter2025
Kunal AgrawalE D & Wholetime Director2025
Tirthraj PandyaNon-Exec & Non-Independent Dir2025
Govindlal C ThakkarIndependent Director2025
Apexa Ajaykumar PanchalIndependent Director2025
Darshan B ShahCompany Secretary2025
Segments — Product
SegmentRevenueShare
Power Generation through Windmill₹0 Cr100%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹101077
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-14Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000202
2025000202
2025000000
Insider / Designated-Person Trades

13 recent disclosure(s)

Shivji Karamshi DholuAcquisition · 3,42,867
Jagdish Shivji DholuAcquisition · 10,70,891
Jagruti Vinesh DholuAcquisition · 5,35,195
Parul Jagdish DholuAcquisition · 5,09,809
Vinesh Shivji DholuAcquisition · 10,25,100
NEHA SUMIT SANGHVI RevisedDisposal · 3,42,867
Substantial Acquisitions (SAST)

3 disclosure(s)

Market20/07/2026 · 1,63,135
Market25/06/2026 · 1,42,621
Market11/06/2026 · 3,81,216
Company Information
Incorporated1993
ChairmanNandlal J Agrawal
AuditorAshok Dhariwal & Co
Investor Email[email protected]
🌐 www.lippisystems.com

📍 3rd Floor Satya Complex, 132 Feet Ring Road Satellite, Ahmedabad, Gujarat, 380015

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