Debut Plus

6.89

-0.36 -4.97%

10 Sept 2026

BSE Listed

GSM · GSM 0
What does GSM · GSM 0 mean?
BSE · Graded Surveillance Measure (GSM 0)GSM targets fundamentally weak companies whose price doesn't square with their financials (tiny net worth or negative/extreme P/E). Practical meaning: the exchange doubts the price is backed by the business. Stage 0 is a watchlist; each higher stage makes the stock progressively harder to trade — tighter bands, full upfront margin, weekly-only trading, and at Stage IV no upward price movement at all. Exiting requires a quarterly review finding the criteria no longer met.Criteria: Shortlisted on objective financial parameters — net worth, net fixed assets, price-to-earnings multiple and market capitalisation. Stage 0 = base surveillance watchlist (identified under GSM, no graded price restriction yet); Stages I–VI add escalating curbs (price band, 100% margin, periodic call auction, settlement on a gross/trade-for-trade basis, no upward price movement).

Indo Credit Capital Ltd. (526887)

Volume: 1,461Avg Vol 1W: 1,159Avg Vol 1M: 51252W Range:3.2612.94
Key Ratios
Checked 1h ago
Market Cap₹5 Cr
Current Price₹6.89
Previous Close₹7.25
High / Low (52w)₹12.94 / ₹3.26
Volume1,461
Avg Vol (1W)1,159
Avg Vol (1M)512
Stock P/E49.21
Book Value₹8.13
Dividend Yield0%
ROE103.45%
ROA99.4%
Revenue (TTM)
Revenue Growth
Profit Margin76.92%
Total Debt
Shares Outstanding1 Cr
Face Value
EPS (TTM)₹0.14
P/B0.85
Debt / Equity0
50 DMA₹9.4
200 DMA
Day change-4.97%
SurveillanceGSM · GSM 0
Price Chart
6.89 111.35% · 1Y
13351K
2025-09-22
2026-09-10

20-day avg volume: 508 shares

Pros
  • Healthy return on equity of 103.5%.
  • Company is almost debt-free.
  • Revenue grew 118% YoY.
  • Stock trades below its book value.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue
EBITDA
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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₹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-0.09-0.47-0.14-0.1-0.24-0.07-0.070.08
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹7 Cr₹6 Cr₹6 Cr₹6 Cr₹9 Cr₹10 Cr₹10 Cr₹10 Cr
Total Liabilities₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹3 Cr₹4 Cr₹4 Cr₹4 Cr
Equity₹7 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹0 Cr₹0 Cr
Investing₹0 Cr₹-1 Cr₹-1 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹2 Cr₹0 Cr₹0 Cr₹0 Cr
Free Cash Flow₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹0 Cr₹0 Cr
Shareholding
Promoter 14.51% Institutions 0% Public 85.49%
Efficiency & Working Capital
ROCE0.6%
Interest Coverage0
Dividend Payout
Debtor Days0 d
Inventory Days0 d
Payable Days4 d
Cash Conversion Cycle-4 d
Working Capital Days0 d
Shareholding Details

As of 2026-06-30

Promoter14.5%
FII0%
DII0%
Institutions0%
Public85.5%
Promoter Pledge0%
No. of Shareholders11,155
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters14.5%14.5%14.5%14.5%14.5%14.5%14.5%14.5%14.5%14.5%14.5%14.5%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public85.5%85.5%85.5%85.5%85.5%85.5%85.5%85.5%85.5%85.5%85.5%85.5%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders11,16011,15611,15111,15011,14811,14911,14511,12611,12511,12611,12811,155
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603
Major Shareholders (>1%)
NameCategoryStakeShares
Madansingh A RathoreShareholding of Promoter and Promoter Group3%2,17,200
Shaktisingh Sajjansingh BhatiPublic Shareholding2.8%2,00,000
Jabbarsingh BhannarsinghPublic Shareholding2.8%2,00,000
Mahendrasingh Nathusingh RathorePublic Shareholding2.8%2,00,000
Dilipsingh Khusalsingh BhatiPublic Shareholding2.6%1,90,200
Chhelsingh Prahladsingh BhatiPublic Shareholding2.4%1,72,400
Padamsingh RaghunathsinghPublic Shareholding2.1%1,51,500
Varsha R ParikhPublic Shareholding2.1%1,51,200
Hanumanaram ThakraramShareholding of Promoter and Promoter Group2.1%1,50,000
Mansingh Tejsingh BhatiShareholding of Promoter and Promoter Group1.7%1,25,000
Bhati Mansingh TejsinghShareholding of Promoter and Promoter Group1.7%1,25,000
Hanumanaram ThakraramShareholding of Promoter and Promoter Group1.4%1,00,000
Mohanram ThakraramPublic Shareholding1.4%1,00,000
Ruchira GoyalPublic Shareholding1.4%98,378
Ramesh K ParikhPublic Shareholding1.3%94,800
Jogendrasingh A RathoreShareholding of Promoter and Promoter Group1.3%91,000
Mahendra K ParikhPublic Shareholding1.3%90,300
Omsingh Chainsingh BhatiShareholding of Promoter and Promoter Group1%71,600
Laxmansingh Bharatsingh ChampawatShareholding of Promoter and Promoter Group0.9%67,500
Laxmansingh Bharatsingh ChampawatShareholding of Promoter and Promoter Group0.9%64,500
Santoshram Khajaram RaoShareholding of Promoter and Promoter Group0.5%32,700
Laxmansingh Bharatsingh ChampawatShareholding of Promoter and Promoter Group0.1%5,000
Board of Directors
NameDesignationYear
Ramkaran SainiE D & Wholetime Director2025
Bhanwar KanverIndependent Non Exe. Director2025
Pravinkumar ChavadaIndependent Non Exe. Director2025
Bhanwarsinh ChauhanIndependent Non Exe. Director2025
Chiman SinghIndependent Non Exe. Director2025
Simran ChughCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10877
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-18Board Meetings
forthcoming2026-08-11Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026000000
2026000000
2026000000
Company Information
Incorporated1993
AuditorNaimish N Shah & Co
Investor Email[email protected]
🌐 www.indocreditcapital.com

📍 304 Kaling Nr Mt.Carmel Sch,, B/h Bata Show Room Ashram Road, Ahmedabad, Gujarat, 380009

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