Debut Plus

₹422.4

▼ -0.34 -0.08%

As of 26 Oct 2026 · delayed

BSE Listed

ESM · ESM 1
What does ESM · ESM 1 mean?
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 · 2026-08-25

Recode Studios Limited (544755)

Volume: 9,600Avg Vol 1W: 14,080Avg Vol 1M: 20,40052W Range:₹171₹477
Key Ratios
Checked 1h ago
Market Cap₹450 Cr
Current Price₹422.4
Previous Close₹422.74
High / Low (52w)₹477 / ₹171
Volume9,600
Avg Vol (1W)14,080
Avg Vol (1M)20,400
Stock P/E—
Book Value₹55.95
Dividend Yield0%
ROE56.13%
ROA31.63%
Revenue (TTM)—
Revenue Growth—
Profit Margin14.03%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹0
P/B7.55
Debt / Equity0.48
50 DMA₹374.85
200 DMA—
Day change-0.08%
SurveillanceESM · ESM 1
Price Chart
₹422.4▲ 88.78% · 1Y
₹457₹17516.0L
2026-05-12
2026-10-26

20-day avg volume: 16K shares

Pros
  • Healthy return on equity of 56.1%.
  • Company is almost debt-free.
  • Revenue grew 67% YoY.
  • Net profit is growing year over year.
Quarterly Results
MetricJun 2025
Revenue₹20 Cr
EBITDA₹3 Cr
Net Profit₹2 Cr
EPS—
Profit & Loss (Annual)
MetricMar 2023Mar 2024Mar 2025Mar 2026
Revenue₹22 Cr₹37 Cr₹48 Cr₹80 Cr
EBITDA₹1 Cr₹1 Cr₹6 Cr₹16 Cr
Net Profit₹1 Cr₹0 Cr₹3 Cr₹11 Cr
EPS0.880.343.8213.79
Balance Sheet
MetricMar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹13 Cr₹17 Cr₹23 Cr₹35 Cr
Total Liabilities₹7 Cr₹11 Cr₹14 Cr₹15 Cr
Equity₹5 Cr₹5 Cr₹9 Cr₹20 Cr
Total Debt————
Cash Flow
MetricMar 2023Mar 2024Mar 2025Mar 2026
Operating₹-5 Cr₹-2 Cr₹4 Cr₹12 Cr
Investing₹-1 Cr₹-2 Cr₹-1 Cr₹-2 Cr
Financing₹6 Cr₹3 Cr₹-1 Cr₹-2 Cr
Free Cash Flow₹-5 Cr₹-2 Cr₹4 Cr₹12 Cr
Shareholding
Promoter 65.18% Institutions 6.29% Public 28.53%
Efficiency & Working Capital
ROCE60%
Interest Coverage21
Dividend Payout—
Debtor Days70 d
Inventory Days49 d
Payable Days22 d
Cash Conversion Cycle98 d
Working Capital Days119 d
Shareholding Details

As of 2026-09-30

Promoter65.2%
FII0.6%
DII5.6%
Institutions6.3%
Public28.5%
Promoter Pledge0%
No. of Shareholders475
Shareholding Pattern

Quarterly — figures in %. Latest 4 quarters.

PeriodDec 2025Apr 2026May 2026Sept 2026
Promoters88.9%88.9%65%65.2%
FIIs0%0%3.4%0.6%
DIIs0%0%12.2%5.6%
Public11.1%11.1%19.3%28.5%
Promoter Pledge0%0%0%0%
No. of Shareholders2627856475
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Shalini TrehanShareholding of Promoter and Promoter Group12.1%12,90,993
Preeti TrehanShareholding of Promoter and Promoter Group11.1%11,83,812
Neeraj BansalShareholding of Promoter and Promoter Group7.6%8,06,773
Rahul SachdevaShareholding of Promoter and Promoter Group7.4%7,87,064
Dheeraj BansalShareholding of Promoter and Promoter Group7.1%7,57,112
Mukul Mahavir AgrawalPublic Shareholding5.6%6,00,000
Saloni Tanwar SachdevaShareholding of Promoter and Promoter Group5.6%5,91,998
Shelly BansalShareholding of Promoter and Promoter Group5.1%5,46,700
Karan BansalShareholding of Promoter and Promoter Group3.6%3,81,820
Opuleny Advisors And Consultants LlpPublic Shareholding3.3%3,51,200
Neelam SachdevaShareholding of Promoter and Promoter Group2.8%2,95,999
Madan Lal SachdevaShareholding of Promoter and Promoter Group2.8%2,95,999
Sanshi Fund-iPublic Shareholding2.4%2,53,600
Rgsl Investment Fund - Rgsl Investment Lvf 1Public Shareholding1.7%1,85,000
Gautam FatehpuriaPublic Shareholding1.3%1,36,231
Sanjay Sahebrao KatkarPublic Shareholding1.2%1,22,617
Cosmos Prime Projects LimitedPublic Shareholding1%1,09,010
Kifs Trade Capital Private LimitedPublic Shareholding1%1,08,800
Board of Directors
NameDesignationYear
Dheeraj BansalChairman & Managing Director2025
Rahul SachdevaWhole Time Director & CEO2025
Shelly BansalWhole-time Director2025
Karan BansalWhole-time Director2025
Shalini TrehanNon Executive Director2025
Manoj KumarIndependent Non Exe. Director2025
Sarat Kumar MishraIndependent Non Exe. Director2025
Naveen GuptaIndependent Non Exe. Director2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹101188
Corporate Actions
TypeDateValueRemark
forthcoming2026-09-23Dividend—
dividend2026-09-23₹0.25 (2.5%)Final
forthcoming2026-07-15Board Meetings—
Insider / Designated-Person Trades

3 recent disclosure(s)

Karan BansalAcquisition · 4,000
Surekha SinglaAcquisition · 10,400
Dheeraj BansalAcquisition · 13,600
Company Information
Incorporated2021
ChairmanDheeraj Bansal
AuditorR M S G & Associates
Investor Email[email protected]
🌐 www.recodestudios.com ↗

📍 R-89 Phase V Focal Point, Ludhiana, Punjab, 141010

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IPO History
IPOlisted · listed 2026-05-12

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