Debut Plus

41.3

-1.05 -2.48%

As of 09 Sept 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: 24,000Avg Vol 1W: 37,900Avg Vol 1M: 40,87552W Range:37.8173.81
Key Ratios
Checked 5h ago
Market Cap₹78 Cr
Current Price₹41.3
Previous Close₹42.35
High / Low (52w)₹173.81 / ₹37.8
Volume24,000
Avg Vol (1W)37,900
Avg Vol (1M)40,875
Stock P/E4.79
Book Value₹80.18
Dividend Yield0%
ROE11.02%
ROA7.84%
Revenue (TTM)₹103 Cr
Revenue Growth51.8%
Profit Margin15.85%
Total Debt₹7 Cr
Shares Outstanding2 Cr
Face Value
EPS (TTM)₹8.84
P/B0.53
Debt / Equity0.45
50 DMA₹42.04
200 DMA₹64.72
Day change-2.48%
SurveillanceESM · ESM 1
Price Chart
41.3 73.88% · 1Y
1693813.3L
2025-09-10
2026-09-09

20-day avg volume: 41K 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 2025
Revenue₹0 Cr₹18 Cr₹41 Cr₹67 Cr₹103 Cr
EBITDA₹0 Cr₹1 Cr₹7 Cr₹13 Cr₹19 Cr
Net Profit₹0 Cr₹0 Cr₹4 Cr₹9 Cr₹13 Cr
EPS-0.010.054.8129.35
Balance Sheet
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹1 Cr₹19 Cr₹34 Cr₹64 Cr₹117 Cr
Total Liabilities₹1 Cr₹11 Cr₹22 Cr₹35 Cr₹35 Cr
Equity₹0 Cr₹8 Cr₹12 Cr₹28 Cr₹82 Cr
Total Debt₹0 Cr₹8 Cr₹12 Cr
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹0 Cr₹-6 Cr₹0 Cr₹1 Cr₹-15 Cr
Investing₹0 Cr₹-2 Cr₹0 Cr₹-8 Cr₹-24 Cr
Financing₹0 Cr₹8 Cr₹0 Cr₹8 Cr₹40 Cr
Free Cash Flow₹0 Cr₹-6 Cr₹0 Cr₹1 Cr₹-15 Cr
Shareholding
Promoter 32.64% Institutions 5.28% Public 62.08%
Efficiency & Working Capital
ROCE11.6%
Interest Coverage7.8
Dividend Payout
Debtor Days110 d
Inventory Days131 d
Payable Days23 d
Cash Conversion Cycle219 d
Working Capital Days242 d
Shareholding Details

As of 2026-03-31

Promoter32.6%
FII2%
DII3.3%
Institutions5.3%
Public62.1%
Promoter Pledge0%
No. of Shareholders2,819
Shareholding Pattern

Quarterly — figures in %. Latest 10 quarters.

PeriodFeb 2024Feb 2024May 2024May 2024Sept 2024Mar 2025Sept 2025Nov 2025Nov 2025Mar 2026
Promoters65.3%65.3%48.1%48.1%48.1%48.1%48.1%32.6%32.6%32.6%
FIIs0%0%5.5%5.5%3.5%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%
Public0%34.7%38.1%45.6%48.4%49.7%49.7%60.9%60.9%62.1%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1641641,7681,7681,2911,3831,7401,8431,8432,819
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Yash TikekarShareholding of Promoter and Promoter Group32.6%59,83,550
Akilandeswari SelvamurthyPublic Shareholding2.7%4,97,250
Lc Venture Debt FundPublic Shareholding2.2%4,00,000
Resonance Opportunities FundPublic Shareholding1.3%2,30,750
Persistent Growth Fund-varsu India Growth Story Scheme 1Public Shareholding1.1%2,02,500
Manoj Agarwal (huf)Public Shareholding1.1%1,99,750
Divyashri RavichandranPublic Shareholding1.1%1,97,500
Abhishek SinghviPublic Shareholding1%1,90,500
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
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
2025₹10141212
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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