Debut Plus

24.9

-0.6 -2.35%

As of 10 Sept 2026 · delayed

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).

Polycon International Ltd. (531397)

Volume: 1,581Avg Vol 1W: 939Avg Vol 1M: 67752W Range:15.4535
Key Ratios
Checked 4h ago
Market Cap₹12 Cr
Current Price₹24.9
Previous Close₹25.5
High / Low (52w)₹35 / ₹15.45
Volume1,581
Avg Vol (1W)939
Avg Vol (1M)677
Stock P/E
Book Value₹1.15
Dividend Yield0%
ROE-260.26%
ROA-7.27%
Revenue (TTM)
Revenue Growth
Profit Margin-17.69%
Total Debt
Shares Outstanding0 Cr
Face Value
EPS (TTM)₹0
P/B21.74
Debt / Equity8.52
50 DMA₹22.89
200 DMA₹25.1
Day change-2.35%
SurveillanceGSM · GSM 0
Price Chart
24.9 4.05% · 1Y
341610K
2025-09-10
2026-09-10

20-day avg volume: 719 shares

Pros
  • Company is almost debt-free.
  • Net profit is growing year over year.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹6 Cr₹5 Cr₹5 Cr₹4 Cr₹4 Cr₹5 Cr₹5 Cr₹4 Cr
EBITDA₹1 Cr₹-1 Cr₹0 Cr₹0 Cr₹-1 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹-1 Cr₹-1 Cr₹-1 Cr₹0 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹36 Cr₹38 Cr₹30 Cr₹28 Cr₹31 Cr₹26 Cr₹23 Cr₹22 Cr
EBITDA₹1 Cr₹2 Cr₹1 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹-3 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS0.620.3-5.88-0.6-0.210.130.130.29
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹33 Cr₹35 Cr₹31 Cr₹33 Cr₹37 Cr₹37 Cr₹42 Cr₹43 Cr
Total Liabilities₹25 Cr₹27 Cr₹27 Cr₹29 Cr₹33 Cr₹34 Cr₹38 Cr₹40 Cr
Equity₹8 Cr₹8 Cr₹5 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹0 Cr₹2 Cr₹0 Cr₹-1 Cr₹0 Cr
Investing₹-1 Cr₹-1 Cr₹-1 Cr₹-1 Cr₹-1 Cr
Financing₹0 Cr₹-1 Cr₹1 Cr₹2 Cr₹2 Cr
Free Cash Flow₹0 Cr₹2 Cr₹0 Cr₹-1 Cr₹0 Cr
Shareholding
Promoter 49.61% Institutions 0% Public 50.39%
Efficiency & Working Capital
ROCE-2.8%
Interest Coverage0
Dividend Payout
Debtor Days139 d
Inventory Days358 d
Payable Days52 d
Cash Conversion Cycle445 d
Working Capital Days497 d
Shareholding Details

As of 2026-06-30

Promoter49.6%
FII0%
DII0%
Institutions0%
Public50.4%
Promoter Pledge0%
No. of Shareholders1,064
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters49.6%49.6%49.6%49.6%49.6%49.6%49.6%49.6%49.6%49.6%49.6%49.6%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public50.4%50.4%50.4%50.4%50.4%50.4%50.4%50.4%50.4%50.4%50.4%50.4%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders8568769009049419589619991,0191,0361,0641,064
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Jai Sinter Polycon LimitedShareholding of Promoter and Promoter Group11.7%5,72,500
Sankalp Granites Private LimitedPublic Shareholding10.7%5,21,240
Rajiv BaidShareholding of Promoter and Promoter Group7.4%3,60,970
Sigo Polymers (p) Ltd.Public Shareholding6%2,94,700
Maratha Petrochemical (p) Ltd.Public Shareholding6%2,91,700
Bharat Kumar Baid HufShareholding of Promoter and Promoter Group5.5%2,69,570
Vikram BaidShareholding of Promoter and Promoter Group4.7%2,29,700
Samta BaidShareholding of Promoter and Promoter Group3.2%1,56,211
Sadhna BaidShareholding of Promoter and Promoter Group3.1%1,52,710
Raj Kumar SethiaPublic Shareholding3.1%1,51,146
Bharat Kumar BaidShareholding of Promoter and Promoter Group2.9%1,40,400
Ridam Polymers Private LimitedPublic Shareholding2.9%1,39,390
Vishakha AroraPublic Shareholding2.8%1,39,000
Divya KalraPublic Shareholding2.7%1,30,710
Varun BaidShareholding of Promoter and Promoter Group2.7%1,30,000
Rajiv Baid HufShareholding of Promoter and Promoter Group2.5%1,23,000
Vijay BaidShareholding of Promoter and Promoter Group2.4%1,18,770
Prateek AroraPublic Shareholding2.2%1,05,000
Vinod BaidShareholding of Promoter and Promoter Group1.5%73,800
Bhanwar Lal Baid HufShareholding of Promoter and Promoter Group1.4%69,950
Lal Chand Baid HufShareholding of Promoter and Promoter Group0.6%27,700
Board of Directors
NameDesignationYear
Rajiv BaidChairman / Executive Director / Managing Director2025
Varun BaidExecutive Director2025
Prashant Singh VohraNon-Exec & Non-Independent Dir2025
Nikhil BhandariIndependent Non Exe. Director2025
VINOD SACHETIIndependent Non Exe. Director2025
Archana SharmaIndependent Non Exe. Director2025
C S Gajanand GuptaCFO / Company Secretary / Compliance Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10875
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-14Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000011
2025000000
2025000000
Company Information
Incorporated1991
ChairmanRajiv Baid
AuditorS R Gauba & Co
🌐 www.polyconltd.com

📍 C-98 Jagan Path, Chomu House C-Scheme, Jaipur, Rajasthan, 302001

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