₹4.94

■ +0 +0.00%

As of 22 Oct 2026 · delayed

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 · 2026-10-14

Athena Constructions Limited (539099)

Volume: 2,500Avg Vol 1W: 16,500Avg Vol 1M: 11,02352W Range:₹2.93₹7.48

BSE AI Report

Key Ratios

Checked 5h ago

Market Cap—

Current Price₹4.94

Previous Close₹4.94

High / Low (52w)₹7.48 / ₹2.93

Volume2,500

Avg Vol (1W)16,500

Avg Vol (1M)11,023

Stock P/E—

Book Value—

Dividend Yield—

ROE—

ROA—

Revenue (TTM)—

Revenue Growth—

Profit Margin—

Total Debt—

Shares Outstanding—

Face Value—

EPS (TTM)—

P/B—

Debt / Equity0.53

50 DMA₹4.12

200 DMA₹5.75

Day change+0.00%

SurveillanceESM · ESM 1

Price Chart

₹4.94▼ 14.09% · 1Y

2025-11-06

2026-10-22

20-day avg volume: 12K shares

Pros

Company is almost debt-free.

Cons

Revenue fell 100% YoY.
Company is loss-making at the latest annual result.

Profit & Loss (Annual)

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	₹0 Cr	₹0 Cr	₹0 Cr	₹1 Cr	₹1 Cr	₹1 Cr	₹0 Cr	₹0 Cr
EBITDA	₹0 Cr	₹0 Cr	₹0 Cr	₹1 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Net Profit	₹0 Cr	₹0 Cr	₹0 Cr	₹1 Cr	₹0 Cr	₹0 Cr	₹-1 Cr	₹-1 Cr
EPS	-0.18	-0.41	-0.44	0.67	0.03	-0.2	-0.99	-0.9

Balance Sheet

Metric	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	₹16 Cr	₹16 Cr	₹16 Cr	₹22 Cr	₹20 Cr	₹21 Cr	₹21 Cr	₹17 Cr
Total Liabilities	₹9 Cr	₹9 Cr	₹9 Cr	₹14 Cr	₹13 Cr	₹13 Cr	₹14 Cr	₹11 Cr
Equity	₹8 Cr	₹7 Cr	₹7 Cr	₹7 Cr	₹7 Cr	₹7 Cr	₹7 Cr	₹6 Cr
Total Debt	—	—	—	—	—	—	—	—

Cash Flow

Metric	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating	₹-1 Cr	₹3 Cr	₹4 Cr	₹-3 Cr	₹0 Cr	₹0 Cr
Investing	₹0 Cr	₹-7 Cr	₹-3 Cr	₹9 Cr	₹0 Cr	₹0 Cr
Financing	₹0 Cr	₹4 Cr	₹-1 Cr	₹-6 Cr	₹0 Cr	₹0 Cr
Free Cash Flow	₹-1 Cr	₹3 Cr	₹4 Cr	₹-3 Cr	₹0 Cr	₹0 Cr

Shareholding

Promoter 37.92% Institutions 0% Public 62.08%

Efficiency & Working Capital

ROCE—

Interest Coverage-1.2

Dividend Payout—

Debtor Days—

Inventory Days—

Payable Days—

Cash Conversion Cycle—

Working Capital Days—

Shareholding Details

As of 2026-09-30

Promoter37.9%

FII0%

DII0%

Institutions0%

Public62.1%

Promoter Pledge0%

No. of Shareholders299

Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

Period	Mar 2022	Sept 2022	Mar 2023	Sept 2023	Mar 2024	Sept 2024	Mar 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026	Sept 2026
Promoters	37.7%	37.7%	37.7%	37.9%	37.9%	37.9%	37.9%	37.9%	37.9%	37.9%	37.9%	37.9%
FIIs	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DIIs	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Public	62.3%	62.3%	62.3%	62.1%	62.1%	62.1%	62.1%	62.1%	62.1%	62.1%	62.1%	62.1%
Promoter Pledge	0%	0%	0%	0.7%	0%	0%	0%	0%	0%	0%	0%	0%
No. of Shareholders	269	266	266	268	274	299	305	303	301	301	297	299

Returns History (ROE / ROCE / ROA)

Period	ROE	ROCE	ROA	P/E
202603	—	—	—	—

Major Shareholders (>1%)

Name	Category	Stake	Shares
Ravikant Rathi	Shareholding of Promoter and Promoter Group	18.3%	13,73,495
Santosh Chandrashekhar Nagar	Shareholding of Promoter and Promoter Group	9.6%	7,18,000
Athena Advisory Services Private Limited	Shareholding of Promoter and Promoter Group	8.9%	6,67,500
Vijay Kumar	Public Shareholding	2.7%	2,00,000
Rajashri Girish Amonker	Public Shareholding	2.6%	1,92,500
Shreeji Capital And Finance Limited	Public Shareholding	2.1%	1,60,000
Akshay Aggarwal	Public Shareholding	1.9%	1,40,000
Hemant Ghag	Public Shareholding	1.4%	1,02,500
Kalanidhi Tradelink Private Limited	Public Shareholding	1.1%	82,500
Shashikant Ramgopal Rathi	Shareholding of Promoter and Promoter Group	1%	77,501
Asha Maheshwari	Shareholding of Promoter and Promoter Group	0.1%	7,500
Arun Kant Rathi	Shareholding of Promoter and Promoter Group	0%	1

Board of Directors

Name	Designation	Year
Brijkishor Ruia	Director	2025
Ravikant Rathi	Executive Director & CEO	2025
Shashikant Rathi	Director	2025
Santosh Nagar	Managing Director	2025
Asha Maheshwari	Director	2025
Pallavi Chauhan	Company Sec. & Compli. Officer	2025

Capital Structure (₹ Cr)

Year	Face Value	Authorised	Issued	Paid-up
2026	₹10	8	8	8

Related-Party Transactions (₹ Cr)

Year	Others	Total
2026	6	7
2026	6	7
2026	0	0

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