Debut Plus

₹1.8

▲ +0.05 +2.86%

As of 23 Oct 2026 · delayed

BSE Listed

GSM · GSM 1
What does GSM · GSM 1 mean?
BSE · Graded Surveillance Measure (GSM 1)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).Exchange notice · 2026-06-25

AF Enterprises Ltd. (538351)

Volume: 5,707Avg Vol 1W: 14,014Avg Vol 1M: 28,56552W Range:₹1.55₹2.81
BSE www.afenterprisesltd.in AI Report
Key Ratios
Checked 3h ago
Market Cap₹6 Cr
Current Price₹1.8
Previous Close₹1.75
High / Low (52w)₹2.81 / ₹1.55
Volume5,707
Avg Vol (1W)14,014
Avg Vol (1M)28,565
Stock P/E—
Book Value₹17.05
Dividend Yield0%
ROE-200.08%
ROA-50.61%
Revenue (TTM)—
Revenue Growth—
Profit Margin-5.4%
Total Debt—
Shares Outstanding3 Cr
Face Value—
EPS (TTM)₹0
P/B0.1
Debt / Equity0.18
50 DMA₹1.84
200 DMA₹1.92
Day change+2.86%
SurveillanceGSM · GSM 1
Price Chart
₹1.8▼ 15.09% · 1Y
₹9₹27.5L
2025-10-27
2026-10-23

20-day avg volume: 30K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 1511% YoY.
  • Stock trades below its book value.
Cons
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricMar 2023Jun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024
Revenue₹20 Cr₹1 Cr₹1 Cr₹1 Cr₹5 Cr₹1 Cr₹0 Cr₹6 Cr
EBITDA₹-2 Cr₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹-2 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS————————
Profit & Loss (Annual)
MetricJun 2023Sept 2023Dec 2023Mar 2024Mar 2024Jun 2024Sept 2024Dec 2024
Revenue₹1 Cr₹1 Cr₹1 Cr₹5 Cr₹10 Cr₹1 Cr₹0 Cr₹6 Cr
EBITDA₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 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————0.13———
Balance Sheet
MetricMar 2021Mar 2022Mar 2023Mar 2024
Total Assets₹126 Cr₹144 Cr₹153 Cr₹135 Cr
Total Liabilities₹115 Cr₹125 Cr₹120 Cr₹101 Cr
Equity₹11 Cr₹18 Cr₹33 Cr₹33 Cr
Total Debt————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024
Operating₹-3 Cr₹-8 Cr₹-10 Cr₹2 Cr
Investing₹-1 Cr₹-1 Cr₹2 Cr₹-1 Cr
Financing₹6 Cr₹9 Cr₹13 Cr₹1 Cr
Free Cash Flow₹-3 Cr₹-8 Cr₹-10 Cr₹2 Cr
Shareholding
Promoter 2.42% Institutions 0% Public 97.58%
Efficiency & Working Capital
ROCE-1.3%
Interest Coverage-4.4
Dividend Payout—
Debtor Days5048 d
Inventory Days66 d
Payable Days3606 d
Cash Conversion Cycle1507 d
Working Capital Days5114 d
Shareholding Details

As of 2026-09-30

Promoter2.4%
FII0%
DII0%
Institutions0%
Public97.6%
Promoter Pledge0%
No. of Shareholders20,384
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters5.7%5.7%5.7%2.3%2.3%2.3%2.3%2.3%2.3%2.3%2.3%2.4%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public94.3%94.3%94.3%97.7%97.7%97.7%97.7%97.7%97.7%97.7%97.7%97.6%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders5,8537,4766,82514,39024,24823,18222,49121,96121,71021,15321,10220,384
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202403————
Major Shareholders (>1%)
NameCategoryStakeShares
Smita KhuranaPublic Shareholding3%10,00,876
LaavnyaPublic Shareholding2.6%8,84,000
Rms Mosquto Pvt LtdShareholding of Promoter and Promoter Group2.4%8,07,600
Santosh Kumar KushawahaPublic Shareholding2.1%7,03,441
Vipul Narayanbhai PatePublic Shareholding2.1%6,87,939
Nagpal Estate Private LimitedPublic Shareholding1.8%6,06,575
Glaston Mario MenezesPublic Shareholding1.7%5,52,483
Anjaneyaputra Human Resource Consultancy Pvt. Ltd.Public Shareholding1.6%5,44,063
Manish Mittal HufPublic Shareholding1.5%5,00,000
Maheshbhai Gordhanbhai PatelPublic Shareholding1.4%4,65,153
Vivek KandaPublic Shareholding1.1%3,59,781
Board of Directors
NameDesignationYear
Abhishek SinghWhole Time Director & Chief Financial Officer2024
Santosh Kumar KushawahaManaging Director2024
Tinku KathuriaIndependent Director2024
Neha SrivastavaCompany Sec. & Compli. Officer2024
Manishkumarprafulbhai MehtaNon Executive Director2024
Geetika GargIndependent Director2024
Segments — Product
SegmentRevenueShare
Shares & Securities₹0 Cr0.1%
Rough emerald₹10 Cr42.6%
Fabrics₹0 Cr0%
Plastic molded components₹14 Cr57.3%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2024₹10411414
Substantial Acquisitions (SAST)

7 disclosure(s)

Market13/09/2024 · 4,55,000
Market19/07/2024 · 9,00,783
Pref. Allotment15/10/2021 · 10,00,000
Pref. Allotment27/07/2021 · —
Pref. Allotment27/07/2021 · —
Pref. Allotment27/07/2021 · —
Company Information
Incorporated1983
AuditorS Agarwal & Co
Investor Email[email protected]
🌐 www.afenterprisesltd.in ↗

📍 DSM 334 3rd Floor, DLF Tower Shivaji Marg, Delhi, Delhi, 110015

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