Debut Plus

₹46.5

▼ -2.44 -4.99%

10 Sept 2026

BSE Listed

GSM · GSM 2
What does GSM · GSM 2 mean?
BSE · Graded Surveillance Measure (GSM 2)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).Exchange notice · 2026-06-25

Modern Shares & Stockbrokers Ltd. (509760)

Volume: 3,920Avg Vol 1W: 12,117Avg Vol 1M: 3,45652W Range:₹24.7₹49.57
BSE www.modernshares.com AI Report
Key Ratios
Checked just now
Market Cap₹14 Cr
Current Price₹46.5
Previous Close₹48.94
High / Low (52w)₹49.57 / ₹24.7
Volume3,920
Avg Vol (1W)12,117
Avg Vol (1M)3,456
Stock P/E125.68
Book Value₹44.26
Dividend Yield0%
ROE152.94%
ROA65.13%
Revenue (TTM)—
Revenue Growth—
Profit Margin317%
Total Debt—
Shares Outstanding0 Cr
Face Value—
EPS (TTM)₹0.37
P/B1.05
Debt / Equity0.01
50 DMA₹36.26
200 DMA₹35.4
Day change-4.99%
SurveillanceGSM · GSM 2
Price Chart
₹46.5▲ 9.57% · 1Y
₹48₹2647K
2025-09-10
2026-09-10

20-day avg volume: 4K shares

Pros
  • Healthy return on equity of 152.9%.
  • Company is almost debt-free.
Cons
  • Stock trades at a high P/E of 126.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue————————
EBITDA————————
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹3 Cr₹2 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹4 Cr₹4 Cr
EBITDA₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr
Net Profit₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS-1.8-1.380.110.960.621.510.560.8
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹15 Cr₹14 Cr₹16 Cr₹15 Cr₹17 Cr₹16 Cr₹17 Cr₹17 Cr
Total Liabilities₹3 Cr₹3 Cr₹4 Cr₹3 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr
Equity₹12 Cr₹12 Cr₹12 Cr₹12 Cr₹12 Cr₹13 Cr₹13 Cr₹13 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-3 Cr₹-2 Cr₹2 Cr₹0 Cr₹0 Cr₹-2 Cr
Investing₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Financing₹0 Cr₹0 Cr₹2 Cr₹-2 Cr₹0 Cr₹0 Cr
Free Cash Flow₹-3 Cr₹-2 Cr₹2 Cr₹0 Cr₹0 Cr₹-2 Cr
Shareholding
Promoter 72.83% Institutions 0% Public 27.17%
Efficiency & Working Capital
ROCE2.5%
Interest Coverage17
Dividend Payout—
Debtor Days42 d
Inventory Days41 d
Payable Days25 d
Cash Conversion Cycle58 d
Working Capital Days83 d
Shareholding Details

As of 2026-06-30

Promoter72.8%
FII0%
DII0%
Institutions0%
Public27.2%
Promoter Pledge0%
No. of Shareholders3,025
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters72.8%72.8%72.8%72.8%72.8%72.8%72.8%72.8%72.8%72.8%72.8%72.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public27.2%27.2%27.2%27.2%27.2%27.2%27.2%27.2%27.2%27.2%27.2%27.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1,7612,0602,2132,2722,4742,7952,9262,9242,9182,9222,9633,025
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Bhagwanti Exports Private LimitedShareholding of Promoter and Promoter Group36.7%10,75,075
Anil S ManghnaniShareholding of Promoter and Promoter Group15.5%4,55,010
Narendra H Advani (nr Nr)Shareholding of Promoter and Promoter Group14.9%4,36,699
Angelina Vivek DaswaniPublic Shareholding3.4%1,00,000
Kamal Ramesh DhanwaniPublic Shareholding3.4%1,00,000
Lal Hariram GanwaniPublic Shareholding2.6%76,363
Bright Lands Hotel Private LimitedShareholding of Promoter and Promoter Group1.7%49,600
Ghansham ShewakramaniShareholding of Promoter and Promoter Group1.7%49,600
Meena ShewakramaniShareholding of Promoter and Promoter Group1.1%32,700
Shalini Advani (nr Nr)Shareholding of Promoter and Promoter Group0.7%19,100
Monish Ghansham ShewakramaniShareholding of Promoter and Promoter Group0.6%17,000
Board of Directors
NameDesignationYear
Anil S ManghnaniE D & Wholetime Director2025
Narendra Hira AdvaniNon Executive Director2025
G ShewakramaniNon Executive Director2025
Roshan Advani PatheriaNon Executive Director2025
Pankaj Rajnikant VedChairman & Independent Directo2025
Ramesh Ramchand NarangIndependent Non Exe. Director2025
Vibha Axit GandhiCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Broking Services₹2 Cr97.7%
Proprietary Trading₹0 Cr2.3%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10633
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-28Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026000000
2026000000
2026000000
Company Information
Incorporated1939
ChairmanPankaj Rajnikant Ved
AuditorB D G & Co., LLP
Investor Email[email protected]; investorgrievance
🌐 www.modernshares.com ↗

📍 Wankhede Stadium North Stand, Staircase No 13 D Rd Churchgat, Mumbai, Maharashtra, 400020

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