Debut Plus

₹29.4

▲ +1.4 +5.00%

28 Oct 2026

BSE Listed

GSM · GSM 1
What does GSM · GSM 1 mean?
BSE · Graded Surveillance Measure (GSM 1)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 · 2026-09-02

Step Two Corporation Ltd. (531509)

Volume: 5Avg Vol 1W: 211Avg Vol 1M: 35852W Range:₹19.86₹36.75
BSE www.steptwo.in AI Report
Key Ratios
Checked 1h ago
Market Cap₹22 Cr
Current Price₹29.4
Previous Close₹28
High / Low (52w)₹36.75 / ₹19.86
Volume5
Avg Vol (1W)211
Avg Vol (1M)358
Stock P/E—
Book Value₹10.92
Dividend Yield0%
ROE-22.77%
ROA-18.63%
Revenue (TTM)—
Revenue Growth—
Profit Margin-25.73%
Total Debt—
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹0
P/B2.69
Debt / Equity0
50 DMA₹25.06
200 DMA₹28.68
Day change+5.00%
SurveillanceGSM · GSM 1
Price Chart
₹29.4▼ 9.26% · 1Y
₹37₹2015K
2025-10-28
2026-10-28

20-day avg volume: 312 shares

Pros
  • Company is almost debt-free.
  • Revenue grew 149% YoY.
Cons
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue————————
EBITDA————————
Net Profit₹-2 Cr₹-2 Cr₹2 Cr₹0 Cr₹-1 Cr₹0 Cr₹-1 Cr₹1 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹3 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹-2 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-2 Cr
EPS-0.320.320.420.341.17-0.7-0.06-2.62
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹5 Cr₹5 Cr₹5 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹8 Cr
Total Liabilities₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Equity₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹6 Cr₹6 Cr₹6 Cr₹8 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹0 Cr₹0 Cr₹0 Cr₹4 Cr₹0 Cr₹-8 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹-3 Cr₹1 Cr₹3 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹5 Cr
Free Cash Flow₹0 Cr₹0 Cr₹0 Cr₹4 Cr₹0 Cr₹-8 Cr
Shareholding
Promoter 56.33% Institutions 0% Public 43.67%
Efficiency & Working Capital
ROCE-29.7%
Interest Coverage-251
Dividend Payout—
Debtor Days0 d
Inventory Days161 d
Payable Days0 d
Cash Conversion Cycle161 d
Working Capital Days161 d
Shareholding Details

As of 2026-09-30

Promoter56.3%
FII0%
DII0%
Institutions0%
Public43.7%
Promoter Pledge0%
No. of Shareholders1,298
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Apr 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters66.6%66.6%66.6%66.6%66.6%55.9%56.3%56.3%56.3%56.3%56.3%56.3%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public33.4%33.4%33.4%33.4%33.4%44.1%43.7%43.7%43.7%43.7%43.7%43.7%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1,1731,1881,2171,2741,2551,2521,2301,2411,2391,2391,2801,298
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Anuj AgarwalShareholding of Promoter and Promoter Group56.3%41,65,361
Basant Lal Choudhary(huf)Public Shareholding6.3%4,62,500
Santosh Kumar Choudhary(huf)Public Shareholding6.3%4,62,500
Santosh Kumar ChoudharyPublic Shareholding6.3%4,62,500
Nitu ChoudharyPublic Shareholding6.2%4,60,000
Vineet Verma(huf)Public Shareholding1.8%1,35,477
Satinder SinghPublic Shareholding1.1%78,552
Board of Directors
NameDesignationYear
AnujagarwalED / MD / Promoter2025
LAXMI KANT JAJODIAIndependent Non Exe. Director2025
Anup ChattopadhyayIndependent Non Exe. Director2025
Poonam BathwalNon Executive Director / Compliance Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10878
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-11Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026000000
2026000000
2026000000
Substantial Acquisitions (SAST)

3 disclosure(s)

Shr.Purch.Agreement24/06/2025 · 17,83,900
Pref. Allotment09/04/2025 · 13,87,500
Pref. Allotment09/04/2025 · 4,60,000
Company Information
Incorporated1994
AuditorM K Kothari & associates
Investor Email[email protected]
🌐 www.steptwo.in ↗

📍 21 Hemant Basu Sarani, 5th Floor Room No 507, Kolkata, West Bengal, 700001

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