Debut Plus

₹124

▲ +4 +3.33%

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 · 2026-10-09

Surani Steel Tubes Ltd. (SURANI)

Volume: 2,800Avg Vol 1W: 10,800Avg Vol 1M: 25,73052W Range:₹47.3₹174.25
NSE BSE www.suranisteel.com AI Report
Key Ratios
Checked 6h ago
Market Cap₹187 Cr
Current Price₹124
Previous Close₹120
High / Low (52w)₹174.25 / ₹47.3
Volume2,800
Avg Vol (1W)10,800
Avg Vol (1M)25,730
Stock P/E224.13
Book Value₹79.69
Dividend Yield0%
ROE58.3%
ROA-30.3%
Revenue (TTM)₹96 Cr
Revenue Growth45%
Profit Margin-48.9%
Total Debt₹0 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹0
P/B1.51
Debt / Equity0.14
50 DMA₹108.27
200 DMA₹97.57
Day change+3.33%
SurveillanceESM · ESM 1
Price Chart
₹124▲ 50.94% · 1Y
₹162₹481.4L
2025-10-27
2026-10-23

20-day avg volume: 26K shares

Pros
  • Healthy return on equity of 58.3%.
  • Company is almost debt-free.
Cons
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 224.
Quarterly Results
MetricMar 2025Mar 2026
Revenue₹114 Cr₹41 Cr
EBITDA₹2 Cr₹0 Cr
Net Profit₹-1 Cr₹0 Cr
EPS——
Profit & Loss (Annual)
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2025Mar 2026Mar 2026
Revenue₹107 Cr₹137 Cr₹124 Cr₹156 Cr₹114 Cr₹227 Cr₹41 Cr₹96 Cr
EBITDA₹6 Cr₹4 Cr₹0 Cr₹1 Cr₹2 Cr₹3 Cr₹0 Cr₹1 Cr
Net Profit₹4 Cr₹2 Cr₹-2 Cr₹1 Cr₹-1 Cr₹0 Cr₹0 Cr₹2 Cr
EPS4.72.24-2.160.44—0.38—1.32
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹48 Cr₹45 Cr₹51 Cr₹41 Cr₹134 Cr₹157 Cr₹251 Cr
Total Liabilities₹29 Cr₹23 Cr₹27 Cr₹19 Cr₹46 Cr₹35 Cr₹127 Cr
Equity₹19 Cr₹23 Cr₹25 Cr₹23 Cr₹88 Cr₹122 Cr₹124 Cr
Total Debt₹3 Cr₹2 Cr₹0 Cr₹0 Cr———
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹2 Cr₹5 Cr₹-2 Cr₹-56 Cr₹9 Cr₹13 Cr
Investing₹0 Cr₹0 Cr₹7 Cr₹-5 Cr₹-66 Cr₹38 Cr
Financing₹-2 Cr₹-5 Cr₹-5 Cr₹96 Cr₹25 Cr₹-35 Cr
Free Cash Flow₹2 Cr₹5 Cr₹-2 Cr₹-56 Cr₹9 Cr₹13 Cr
Shareholding
Promoter 30.84% Institutions 0% Public 69.16%
Efficiency & Working Capital
ROCE0.9%
Interest Coverage0
Dividend Payout—
Debtor Days12 d
Inventory Days567 d
Payable Days495 d
Cash Conversion Cycle84 d
Working Capital Days579 d
Shareholding Details

As of 2026-06-30

Promoter30.8%
FII0%
DII0%
Institutions0%
Public69.2%
Promoter Pledge0%
No. of Shareholders1,152
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodFeb 2024Feb 2024Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters44.9%44.9%44.9%39%38.4%31%30.8%30.8%30.8%30.8%30.8%30.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public55.1%55.1%55.1%61%61.6%69%69.2%69.2%69.2%69.2%69.2%69.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders5845845871,0981,2081,2801,2431,2391,2301,2321,2171,152
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Vijay SinglaShareholding of Promoter and Promoter Group10.4%16,10,600
Chetan SinglaShareholding of Promoter and Promoter Group10.2%15,92,000
Santosh RaniShareholding of Promoter and Promoter Group10.2%15,92,000
Rahul BansalPublic Shareholding6.6%10,31,600
Kiran Bala GuptaPublic Shareholding2.6%4,03,200
Darshana DeviPublic Shareholding2.3%3,62,000
Himank Gupta .Public Shareholding2.1%3,30,000
Sanjeev KumarPublic Shareholding1.6%2,46,400
Ponika Multitrade Private LtdPublic Shareholding1.4%2,22,000
Priyanka Amit RustagiPublic Shareholding1.4%2,22,000
Kei Metals Private LimitedPublic Shareholding1.3%2,00,000
Msl Holdings Private LimitedPublic Shareholding1.3%2,00,000
Yathaarth KansalPublic Shareholding1.3%2,00,000
Prajal BhandariPublic Shareholding1.3%2,00,000
Maithili Tradecom Private LimitedPublic Shareholding1.2%1,92,000
Board of Directors
NameDesignationYear
Vijay SinglaED / MD / Promoter2025
CHETAN SINGLAED / Joint MD / Promoter2025
Pavni SinglaWhole Time Director & CFO2025
Sangeeta MehtaniIndependent Non Exe. Director2025
Gurpreet Singh BhatiaIndependent Non Exe. Director2025
Kailash GargIndependent Non Exe. Director2025
Sarika KaurCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Manufacturing ERW MS PIPES and Trad₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10251616
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
202600001010
2026000033
2026000067
Company Information
Incorporated2012
AuditorAnu & Associates
Investor Email[email protected]
🌐 www.suranisteel.com ↗

📍 SNo110 & 115 Sampa Tal-Dahegam, Opp Vinayak TMT Bayad Road, Gandhinagar, Gujarat, 382315

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