Debut Plus

₹22.48

▼ -0.47 -2.05%

As of 23 Oct 2026 · delayed

BSE Listed · Castings, Forgings & Fastners

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 · 2026-10-01

EL Forge Ltd. (531144)

Volume: 17,679Avg Vol 1W: 14,963Avg Vol 1M: 1,29,71952W Range:₹12.1₹29.42
BSE www.elforge.com AI Report
Key Ratios
Checked 11h ago
Market Cap₹46 Cr
Current Price₹22.48
Previous Close₹22.95
High / Low (52w)₹29.42 / ₹12.1
Volume17,679
Avg Vol (1W)14,963
Avg Vol (1M)1,29,719
Stock P/E14.41
Book Value₹13.97
Dividend Yield0%
ROE11.32%
ROA7.28%
Revenue (TTM)—
Revenue Growth—
Profit Margin394.51%
Total Debt—
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹1.56
P/B1.61
Debt / Equity34.75
50 DMA₹20.5
200 DMA₹17.54
Day change-2.05%
SurveillanceESM · ESM 1
Price Chart
₹22.48▲ 24.06% · 1Y
₹29₹127.8L
2025-10-27
2026-10-23

20-day avg volume: 1.4L shares

Cons
  • Revenue fell 13% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹21 Cr₹19 Cr₹20 Cr₹21 Cr₹17 Cr₹20 Cr₹23 Cr₹22 Cr
EBITDA₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr
Net Profit₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr
EPS————————
Profit & Loss (Annual)
MetricJun 2011Jun 2012Jun 2013Mar 2014
Revenue₹126 Cr₹121 Cr₹105 Cr₹92 Cr
EBITDA₹-1 Cr₹7 Cr₹-19 Cr₹-8 Cr
Net Profit₹-10 Cr₹-6 Cr₹-34 Cr₹-11 Cr
EPS-11.28-3.17-16.77-5.22
Balance Sheet
MetricJun 2011Jun 2012Jun 2013Mar 2014
Total Assets₹205 Cr₹222 Cr₹203 Cr₹193 Cr
Total Liabilities₹182 Cr₹177 Cr₹192 Cr₹193 Cr
Equity₹23 Cr₹46 Cr₹11 Cr₹0 Cr
Total Debt————
Cash Flow
MetricJun 2011Jun 2012Jun 2013Mar 2014
Operating₹16 Cr₹3 Cr₹3 Cr₹-7 Cr
Investing₹-8 Cr₹11 Cr₹11 Cr₹5 Cr
Financing₹-8 Cr₹-12 Cr₹-12 Cr₹2 Cr
Free Cash Flow₹16 Cr₹3 Cr₹3 Cr₹-7 Cr
Shareholding
Promoter 40.78% Institutions 0.01% Public 59.21%
Efficiency & Working Capital
ROCE11.2%
Interest Coverage-3
Dividend Payout—
Debtor Days87 d
Inventory Days104 d
Payable Days99 d
Cash Conversion Cycle92 d
Working Capital Days191 d
Shareholding Details

As of 2026-09-30

Promoter40.8%
FII0%
DII0%
Institutions0%
Public59.2%
Promoter Pledge0%
No. of Shareholders11,070
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters40.8%40.8%40.8%40.8%40.8%40.8%40.8%40.8%40.8%40.8%40.8%40.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public59.2%59.2%59.2%59.2%59.2%59.2%59.2%59.2%59.2%59.2%59.2%59.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders9,4619,5299,59210,17211,32411,31811,23811,19911,09611,01510,98111,070
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Chendur Forgings LimitedShareholding of Promoter and Promoter Group31.5%64,06,956
Prime Securities LimitedPublic Shareholding4.2%8,54,656
V SrikanthShareholding of Promoter and Promoter Group2.9%5,88,652
Philip SamuelPublic Shareholding2.5%5,07,377
Nandini SrikanthShareholding of Promoter and Promoter Group1.7%3,43,277
Srihari K RShareholding of Promoter and Promoter Group1.7%3,40,300
V RamachandranShareholding of Promoter and Promoter Group1.6%3,31,720
Mahendra Girdharilal WadhwaniPublic Shareholding1.5%3,00,000
Anil Kantiprasad PoddarPublic Shareholding1.2%2,40,969
K V RamachandranShareholding of Promoter and Promoter Group0.7%1,33,325
V SubhaShareholding of Promoter and Promoter Group0.6%1,13,578
K V SrikanthShareholding of Promoter and Promoter Group0.1%14,316
P L Reddy(huf)Shareholding of Promoter and Promoter Group0%8,100
Nandini RamachandranShareholding of Promoter and Promoter Group0%4,000
Ananya SrikanthShareholding of Promoter and Promoter Group0%3,795
Manasvini K RShareholding of Promoter and Promoter Group0%200
Board of Directors
NameDesignationYear
V SrikanthChairman & Non Executive Dir.2026
K V RamachandranVice Chairman / Executive Director / MD2026
Shubha GaneshIndependent Non Exe. Director2026
S BalakrishnanIndependent Non Exe. Director2026
KORUKKAI RAMACHANDRAN SRIHARIExecutive Director (Operation)2026
Ananya SrikanthExecutive Director - Engineering & Marketing2026
S VasudevanIndependent Director2026
Niranjan SivanIndependent Director2026
SOWMITHRI RAJAGOPALCompany Secretary / Compliance Officer2026
M.S.SivakaminathanIndependent Director2026
Segments — Product
SegmentRevenueShare
Forgings₹80 Cr100%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10262020
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-12Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026000257
2026000055
2026000203
Insider / Designated-Person Trades

1 recent disclosure(s)

Chendur Forgings LimitedAcquisition · 21,950
Substantial Acquisitions (SAST)

1 disclosure(s)

Off Market18/12/2023 · 21,950
Company Information
Incorporated1934
ChairmanV Srikanth
AuditorD Venkatesan
Investor Email[email protected]
🌐 www.elforge.com ↗

📍 1A Sriperumbudur High Road, Kattangulathur Onrium, Kancheepuram, Tamil Nadu, 603204

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