Debut Plus

0.78

-0.04 -4.88%

10 Sept 2026

BSE Listed

GSM · GSM 0 · ESM · ESM 1
What does GSM · GSM 0 · ESM · ESM 1 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).
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 · 2026-09-09

Nivaka Fashions Limited (542206)

Volume: 28,055Avg Vol 1W: 1,33,659Avg Vol 1M: 76,14952W Range:0.375.16
Market Cap₹8 Cr
Current Price₹0.78
Previous Close₹0.82
High / Low (52w)₹5.16 / ₹0.37
Volume28,055
Avg Vol (1W)1,33,659
Avg Vol (1M)76,149
Stock P/E
Book Value₹0.43
Dividend Yield0%
ROE-118.99%
ROA-56.35%
Revenue (TTM)
Revenue Growth
Profit Margin-48,800%
Total Debt
Shares Outstanding10 Cr
Face Value
EPS (TTM)₹0
P/B1.83
Debt / Equity0.19
50 DMA₹0.59
200 DMA₹1.66
Day change-4.88%
SurveillanceGSM · GSM 0 · ESM · ESM 1
Price Chart
0.78 83.08% · 1Y
5046.9L
2025-09-10
2026-09-10

20-day avg volume: 82K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 90% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹-1 Cr₹-4 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹-1 Cr₹-4 Cr₹0 Cr
EPS
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹37 Cr₹23 Cr₹23 Cr₹12 Cr₹5 Cr₹2 Cr₹2 Cr₹0 Cr
EBITDA₹2 Cr₹-1 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-5 Cr
Net Profit₹2 Cr₹-1 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr₹-5 Cr
EPS0.31-0.080.060.030-0.02-0.05-0.51
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹20 Cr₹30 Cr₹34 Cr₹23 Cr₹15 Cr₹13 Cr₹14 Cr₹9 Cr
Total Liabilities₹9 Cr₹21 Cr₹24 Cr₹13 Cr₹5 Cr₹3 Cr₹4 Cr₹4 Cr
Equity₹10 Cr₹9 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹4 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-1 Cr₹-6 Cr₹1 Cr₹1 Cr₹-1 Cr₹0 Cr
Investing₹1 Cr₹5 Cr₹-1 Cr₹1 Cr₹0 Cr₹-1 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Free Cash Flow₹-1 Cr₹-5 Cr₹1 Cr₹1 Cr₹-1 Cr₹0 Cr
Shareholding
Promoter 24.49% Institutions 0% Public 75.51%
Efficiency & Working Capital
ROCE-90.9%
Interest Coverage-1.4
Dividend Payout
Debtor Days0 d
Inventory Days0 d
Payable Days11346 d
Cash Conversion Cycle-11346 d
Working Capital Days0 d
Shareholding Details

As of 2026-06-30

Promoter24.5%
FII0%
DII0%
Institutions0%
Public75.5%
Promoter Pledge0%
No. of Shareholders6,628
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters24.5%24.5%24.5%24.5%24.5%24.5%24.5%24.5%24.5%24.5%24.5%24.5%
FIIs0%0%0.6%1.3%2.1%2.5%2.5%2.9%4.8%4.8%4.8%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public75.5%75.5%74.9%74.2%73.4%73%73%72.6%70.7%70.7%70.7%75.5%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders3,0523,2665,1825,0845,2406,4036,3586,2676,2136,1686,3506,628
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Priyesh Shantilal JainShareholding of Promoter and Promoter Group14%1.44 Cr
Bhavin JainShareholding of Promoter and Promoter Group10.5%1.08 Cr
Malani Wealth Advisors Private LimitedPublic Shareholding5.6%57,53,731
Dulerai Prabhashankar SompuraPublic Shareholding5.3%54,00,000
Kiran Talakshi ChhedaPublic Shareholding5.2%53,71,824
Ashtvinayak Traders Private LimitedPublic Shareholding3.5%35,88,592
Nidhi RungtaPublic Shareholding2.6%27,00,000
Priyanka KumarPublic Shareholding2.6%27,00,000
Gretex Share Broking LimitedPublic Shareholding2.6%26,85,000
Shubham Dealmark PrivatePublic Shareholding2.2%22,33,482
Brightful Commercial PrivatePublic Shareholding2%20,38,859
Kavita Deepak AgarwalPublic Shareholding1.8%18,00,000
Vishal Harish ChoudharyPublic Shareholding1.8%18,00,000
Bhavesh B SompuraPublic Shareholding1.8%18,00,000
Jaywanti Kalyanji GalaPublic Shareholding1.8%18,00,000
Sharvika DubeyPublic Shareholding1.8%18,00,000
Prakash G ThadhaniPublic Shareholding1.8%18,00,000
Kiran Haribhai PatelPublic Shareholding1.8%18,00,000
Rita Samir GalaPublic Shareholding1.8%18,00,000
Jigar Balmukand AgarwalPublic Shareholding1.8%17,99,494
Shri Mahalaxmi Agricultural Developments Ltd.Public Shareholding1.4%14,15,447
Sukarma Commerce Private LimitedPublic Shareholding1.3%13,02,828
Ashokkumar Haribhai GajeraPublic Shareholding1.1%11,08,882
Ashwin Javerchand GadaShareholding of Promoter and Promoter Group0%7,740
Board of Directors
NameDesignationYear
Bhavin Shantilal JainChairman / Executive Director / M D / Promoter2025
Mitesh ThakkarExecutive Director & CFO2025
Priyesh Shantilal ShahNon-Exec & Non-Independent Dir2025
Dinesh J ShahIndependent Non Exe. Director2025
Suman Kumar VermaIndependent Non Exe. Director2025
Gayathri M NIndependent Non Exe. Director2025
Sanjana GuptaCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹1111010
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-14Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2024000033
2024000033
2024000000
Company Information
Incorporated1983
ChairmanBhavin Shantilal Jain
AuditorADV & Associates
Investor Email[email protected]

📍 AA-47 Salt Lake City, Sec 1 BL-AA, Kolkata, West Bengal, 700064

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