Debut Plus

₹41.3

▼ -0.84 -1.99%

As of 14 Oct 2026 · delayed

NSE Listed · Basic Materials

ESM · ESM 2 · T2T
What does ESM · ESM 2 · T2T mean?
BSE · Enhanced Surveillance Measure (ESM 2)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 · 2026-09-15
NSE · T2T

Tikona Communication Ltd. (GFSTEELS)

Volume: 4,17,448Avg Vol 1W: 89,747Avg Vol 1M: 53,26652W Range:₹10.21₹44.82
Key Ratios
Checked 2h ago
Market Cap₹136 Cr
Current Price₹41.3
Previous Close₹42.14
High / Low (52w)₹44.82 / ₹10.21
Volume4,17,448
Avg Vol (1W)89,747
Avg Vol (1M)53,266
Stock P/E56.03
Book Value₹-1.79
Dividend Yield0%
ROE-131.19%
ROA8.67%
Revenue (TTM)₹30 Cr
Revenue Growth—
Profit Margin8.3%
Total Debt—
Shares Outstanding3 Cr
Face Value₹4
EPS (TTM)₹0.8
P/B0
Debt / Equity0
50 DMA₹22.89
200 DMA₹14.41
Day change-1.99%
SurveillanceESM · ESM 2 · T2T
Price Chart
₹41.3▲ 304.51% · 1Y
₹44₹94.2L
2025-10-27
2026-10-14

20-day avg volume: 58K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 51244% YoY.
Cons
  • Stock trades at a high P/E of 56.
  • Negative book value per share.
Quarterly Results
MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Revenue₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹11 Cr₹20 Cr₹11 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹2 Cr₹1 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹2 Cr₹1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹26 Cr₹7 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹11 Cr
EBITDA₹-1 Cr₹-2 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Net Profit₹-2 Cr₹-2 Cr₹0 Cr₹0 Cr₹-1 Cr₹-1 Cr₹-1 Cr₹0 Cr
EPS-2.24-1.96-0.2-0.07-0.36-0.19-0.220.06
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹6 Cr₹3 Cr₹2 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹13 Cr
Total Liabilities₹15 Cr₹5 Cr₹5 Cr₹4 Cr₹4 Cr₹5 Cr₹6 Cr₹19 Cr
Equity₹-9 Cr₹-3 Cr₹-3 Cr₹-3 Cr₹-4 Cr₹-5 Cr₹-6 Cr₹-5 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-1 Cr₹1 Cr₹-4 Cr₹-1 Cr₹-1 Cr₹-1 Cr
Investing₹0 Cr₹-3 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹1 Cr₹2 Cr₹4 Cr₹1 Cr₹1 Cr₹1 Cr
Free Cash Flow₹-1 Cr₹1 Cr₹-4 Cr₹-1 Cr₹-1 Cr₹-1 Cr
Shareholding
Promoter 70.18% Institutions 0.02% Public 29.79%
About Tikona Communication Ltd.

Basic Materials · Steel

Grand Foundry Limited manufactures, exports, and sells bright steel bars in India, the United States, Japan, Singapore, Italy, Australia, and Canada. It also offers pickling and heat treatment lines. Grand Foundry Limited was incorporated in 1973 and is based in Mumbai, India.

gfsteel.co.in ↗
Efficiency & Working Capital
ROCE106.4%
Interest Coverage10.4
Dividend Payout—
Debtor Days—
Inventory Days—
Payable Days—
Cash Conversion Cycle—
Working Capital Days—
Shareholding Details

As of 2026-09-30

Promoter70.2%
FII0%
DII0%
Institutions0%
Public29.8%
Promoter Pledge0%
No. of Shareholders22,896
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters70.2%70.2%70.2%70.2%70.2%70.2%70.2%70.2%70.2%70.2%70.2%70.2%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public29.8%29.8%29.8%29.8%29.8%29.8%29.8%29.8%29.8%29.8%29.8%29.8%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders23,78523,68423,59423,54423,46923,40823,34723,27123,18123,10623,02722,896
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Sar Televenture LimitedShareholding of Promoter and Promoter Group70.2%2.14 Cr
Heena Ashok MehtaShareholding of Promoter and Promoter Group0%3,800
Minal Kiran JanglaShareholding of Promoter and Promoter Group0%0
Namita Hiten JanglaShareholding of Promoter and Promoter Group0%480
Board of Directors
NameDesignationYear
Shilpi SoniIndependent Non Exe. Director2026
REENA SHARMAIndependent Non Exe. Director2026
Sonia AroraCompany Sec. & Compli. Officer2026
Deepak ChaudharyManaging Director &Addtnl Dir.2026
Vikas TandonWTD & Additional Director2026
Paramjit SinghAdditional Director2026
Arun GoeAdditional Director2026
Segments — Product
SegmentRevenueShare
Providing Cable Television Network₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹4301212
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-20Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026000066
2026000066
2026000000
Insider / Designated-Person Trades

12 recent disclosure(s)

Minal JanglaDisposal · 70,10,614
Minal JanglaDisposal · 1,43,23,136
Madhu GargAcquisition · 70,10,614
Madhu GargAcquisition · 1,43,23,136
Minal Jangla RevisedAcquisition · 20,00,000
Minal Jangla RevisedAcquisition · 9,11,160
Substantial Acquisitions (SAST)

5 disclosure(s)

Off Market28/09/2026 · 1,70,80,288
Off Market24/09/2026 · 42,70,072
Off Market02/01/2026 · 2,13,50,360
Off Market02/01/2026 · 1,70,80,288
Off Market31/12/2025 · 42,70,072
Company Information
Incorporated1974
AuditorA N S K & Associates/Agarwal & Saxena
Investor Email[email protected]
🌐 www.gfsteel.co.in ↗

📍 327 Arun Chambers, 3rd Floor Tardeo, Mumbai, Maharashtra, 400034

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