Debut Plus

₹38.9

▼ -0.35 -0.89%

As of 23 Oct 2026 · delayed

NSE Listed

ESM · ESM 1
What does ESM · ESM 1 mean?
NSE · 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 · 2026-08-31

Indian Emulsifiers Ltd. (IEML)

Volume: 76,000Avg Vol 1W: 65,500Avg Vol 1M: 1,17,92552W Range:₹37.3₹128.35
NSE BSE www.indianemulsifiers.com AI Report
Key Ratios
Checked 13h ago
Market Cap₹71 Cr
Current Price₹38.9
Previous Close₹39.25
High / Low (52w)₹128.35 / ₹37.3
Volume76,000
Avg Vol (1W)65,500
Avg Vol (1M)1,17,925
Stock P/E4.4
Book Value₹80.18
Dividend Yield0%
ROE11.02%
ROA7.84%
Revenue (TTM)₹160 Cr
Revenue Growth51.8%
Profit Margin15.85%
Total Debt₹7 Cr
Shares Outstanding2 Cr
Face Value—
EPS (TTM)₹8.84
P/B0.49
Debt / Equity0.35
50 DMA₹43.13
200 DMA₹57.78
Day change-0.89%
SurveillanceESM · ESM 1
Price Chart
₹38.9▼ 62.76% · 1Y
₹123₹3813.3L
2025-10-27
2026-10-23

20-day avg volume: 1.2L shares

Pros
  • Company is almost debt-free.
  • Stock trades below its book value.
Cons
  • Revenue fell 100% YoY.
Profit & Loss (Annual)
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹0 Cr₹18 Cr₹41 Cr₹67 Cr₹103 Cr₹160 Cr
EBITDA₹0 Cr₹1 Cr₹7 Cr₹13 Cr₹19 Cr₹24 Cr
Net Profit₹0 Cr₹0 Cr₹4 Cr₹9 Cr₹13 Cr₹19 Cr
EPS-0.010.054.8129.358.8
Balance Sheet
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹1 Cr₹19 Cr₹34 Cr₹64 Cr₹117 Cr₹235 Cr
Total Liabilities₹1 Cr₹11 Cr₹22 Cr₹35 Cr₹35 Cr₹88 Cr
Equity₹0 Cr₹8 Cr₹12 Cr₹28 Cr₹82 Cr₹147 Cr
Total Debt₹0 Cr₹8 Cr₹12 Cr———
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹0 Cr₹-6 Cr₹0 Cr₹1 Cr₹-15 Cr₹247 Cr
Investing₹0 Cr₹-2 Cr₹0 Cr₹-8 Cr₹-23 Cr₹-39 Cr
Financing₹0 Cr₹8 Cr₹0 Cr₹8 Cr₹40 Cr₹75 Cr
Free Cash Flow₹0 Cr₹-6 Cr₹0 Cr₹1 Cr₹-15 Cr₹247 Cr
Shareholding
Promoter 32.64% Institutions 3.61% Public 63.75%
Efficiency & Working Capital
ROCE11.6%
Interest Coverage6.5
Dividend Payout—
Debtor Days131 d
Inventory Days147 d
Payable Days60 d
Cash Conversion Cycle218 d
Working Capital Days278 d
Shareholding Details

As of 2026-09-30

Promoter32.6%
FII2%
DII1.6%
Institutions3.6%
Public63.8%
Promoter Pledge0%
No. of Shareholders3,069
Shareholding Pattern

Quarterly — figures in %. Latest 11 quarters.

PeriodFeb 2024Feb 2024May 2024May 2024Sept 2024Mar 2025Sept 2025Nov 2025Nov 2025Mar 2026Sept 2026
Promoters65.3%65.3%48.1%48.1%48.1%48.1%48.1%32.6%32.6%32.6%32.6%
FIIs0%0%5.5%5.5%3.5%2.2%2.2%2.2%2.2%2%2%
DIIs34.7%0%8.2%0.8%0%0%0%4.4%4.4%3.3%1.6%
Public0%34.7%38.1%45.6%48.4%49.7%49.7%60.9%60.9%62.1%63.8%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1641641,7681,7681,2911,3831,7401,8431,8432,8193,069
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Yash TikekarShareholding of Promoter and Promoter Group32.6%59,83,550
Akilandeswari SelvamurthyPublic Shareholding2.7%4,97,250
Resonance Opportunities FundPublic Shareholding1.3%2,30,750
Dheeraj Kumar LohiaPublic Shareholding1.1%2,08,000
Lc Venture Debt FundPublic Shareholding1.1%2,00,000
Divyashri RavichandranPublic Shareholding1.1%1,97,500
Sunil Vasant TikekarShareholding of Promoter and Promoter Group0%0
Anjali Sunil TikekarShareholding of Promoter and Promoter Group0%0
Natasha Balmukand LuthraShareholding of Promoter and Promoter Group0%0
Kailash LuthraShareholding of Promoter and Promoter Group0%0
Nitin Balmukand LuthraShareholding of Promoter and Promoter Group0%0
Neetu B LuthraShareholding of Promoter and Promoter Group0%0
Chemical Brothers Enterprise Private LimitedShareholding of Promoter and Promoter Group0%0
Yst Life Sciences Private LimitedShareholding of Promoter and Promoter Group0%0
Yst Surfactants Private LimitedShareholding of Promoter and Promoter Group0%0
Vrt Enterprises Private LimitedShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Yash Sunil TikekarChairman & Managing Director2025
Abhay TikekarWhole-time Director2025
Rajesh Madhukar JoshiNon Executive Director2025
Rajaram Gordhanlal AgarwalIndependent Non Exe. Director2025
Vaishali Dipen TarsariyaIndependent Non Exe. Director2025
Ramraj Singh ThakurCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10141818
Corporate Actions
TypeDateValueRemark
forthcoming2026-10-27Rights—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202501605021
2025030407
2025000000
Company Information
Incorporated2020
ChairmanYash Sunil Tikekar
AuditorDave & Dave
Investor Email[email protected]
🌐 www.indianemulsifiers.com ↗

📍 Shop # 206 2 Flr Sumer Kendra, Shivram Seth Amrutwar Rd Worli, Mumbai, Maharashtra, 400018

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