Debut Plus

₹199.95

▼ -10.5 -4.99%

As of 06 Oct 2026 · delayed

NSE Listed · Chemicals

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 · 2026-07-14

Ushanti Colour Chem Ltd. (UCL)

Volume: 4,000Avg Vol 1W: 50,400Avg Vol 1M: 22,90952W Range:₹39.45₹260
NSE BSE www.ushanti.com AI Report
Key Ratios
Checked 5h ago
Market Cap₹278 Cr
Current Price₹199.95
Previous Close₹210.45
High / Low (52w)₹260 / ₹39.45
Volume4,000
Avg Vol (1W)50,400
Avg Vol (1M)22,909
Stock P/E137.9
Book Value₹55.37
Dividend Yield0%
ROE6.54%
ROA0%
Revenue (TTM)—
Revenue Growth53.92%
Profit Margin6.14%
Total Debt₹22 Cr
Shares Outstanding1 Cr
Face Value—
EPS (TTM)₹1.45
P/B3.61
Debt / Equity1.23
50 DMA₹228.34
200 DMA₹121.07
Day change-4.99%
SurveillanceESM · ESM 1
Price Chart
₹199.95▲ 384.73% · 1Y
₹260₹413.5L
2025-11-03
2026-10-06

20-day avg volume: 25K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 80% YoY.
Cons
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 138.
Quarterly Results
MetricDec 2017
Revenue₹27 Cr
EBITDA₹3 Cr
Net Profit₹2 Cr
EPS—
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹47 Cr₹36 Cr₹48 Cr₹47 Cr₹52 Cr₹80 Cr₹143 Cr
EBITDA₹4 Cr₹4 Cr₹2 Cr₹1 Cr₹0 Cr₹-1 Cr₹1 Cr
Net Profit₹2 Cr₹2 Cr₹1 Cr₹1 Cr₹-3 Cr₹-3 Cr₹0 Cr
EPS3.253.311.591.19-2.47-2.43-0.18
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹41 Cr₹46 Cr₹60 Cr₹100 Cr₹109 Cr₹119 Cr₹140 Cr
Total Liabilities₹16 Cr₹19 Cr₹28 Cr₹54 Cr₹65 Cr₹79 Cr₹90 Cr
Equity₹25 Cr₹27 Cr₹33 Cr₹47 Cr₹44 Cr₹40 Cr₹50 Cr
Total Debt———————
Cash Flow
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹2 Cr₹2 Cr₹3 Cr₹5 Cr₹-4 Cr₹6 Cr₹-4 Cr
Investing₹0 Cr₹-3 Cr₹-10 Cr₹-40 Cr₹-9 Cr₹-7 Cr₹5 Cr
Financing₹0 Cr₹2 Cr₹7 Cr₹36 Cr₹13 Cr₹3 Cr₹7 Cr
Free Cash Flow₹2 Cr₹2 Cr₹3 Cr₹5 Cr₹-4 Cr₹6 Cr₹-4 Cr
Shareholding
Promoter 54.91% Institutions 0% Public 45.09%
Efficiency & Working Capital
ROCE8.6%
Interest Coverage-0.3
Dividend Payout—
Debtor Days79 d
Inventory Days29 d
Payable Days72 d
Cash Conversion Cycle36 d
Working Capital Days108 d
Shareholding Details

As of 2026-03-31

Promoter54.9%
FII0%
DII0%
Institutions0%
Public45.1%
Promoter Pledge0%
No. of Shareholders1,202
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodNov 2022Jan 2023Jan 2023Mar 2023Sept 2023Oct 2023Oct 2023Mar 2024Sept 2024Mar 2025Sept 2025Mar 2026
Promoters67.9%70.5%70.5%70.5%70.5%67.9%67.9%67.9%67.9%67.9%67.9%54.9%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public32.1%29.5%29.5%29.5%29.5%32.1%32.1%32.1%32.1%32.1%32.1%45.1%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2842822822803153173172952951,2211,2181,202
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Shantilal Bhailal GandhiShareholding of Promoter and Promoter Group12.3%17,12,247
Minku Shantilal GandhiShareholding of Promoter and Promoter Group10.7%14,84,927
Maunal Shantilal GandhiShareholding of Promoter and Promoter Group10.7%14,80,716
Swetsam Stock Holding Private LimitedPublic Shareholding4.6%6,45,000
Maunal Shantilal Gandhi HufShareholding of Promoter and Promoter Group3.8%5,25,144
Minku Shantilal Gandhi HufShareholding of Promoter and Promoter Group3.8%5,25,133
Mona Maunal GandhiShareholding of Promoter and Promoter Group3.7%5,07,450
Shefali Minku GandhiShareholding of Promoter and Promoter Group3.7%5,07,450
Khodeear EnterprisePublic Shareholding3.5%4,86,000
Aadit Minku GandhiShareholding of Promoter and Promoter Group3%4,20,011
Arjun Maunal GandhiShareholding of Promoter and Promoter Group3%4,20,011
Shweta Samirbhai ShahPublic Shareholding2.2%3,10,000
Krishnam EnterprisePublic Shareholding1.8%2,52,000
Samir R Shah HufPublic Shareholding1.7%2,30,000
Bhupenbhai Mahendrabhai ShahPublic Shareholding1%1,43,000
Neetaben Bhupen ShahPublic Shareholding1%1,43,000
Silkon Trades LlpPublic Shareholding1%1,40,000
Shantilal Bhailalbhai Gandhi HufShareholding of Promoter and Promoter Group0.3%42,011
Board of Directors
NameDesignationYear
Maunal Shantilal GandhiChairman & Joint M.D2026
Minku Shantilal GandhiJoint Managing Director2026
Purvi Tapan TrivediIndependent Director2026
Tejas Pravinkumar ShahIndependent Director2026
HARSHABEN NISHITHBHAI MEHTAIndependent Director2026
Vishakha TanwarCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Manufacturing Dyes & Intermediates₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10151414
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026350011047
202617009026
202615002017
Company Information
Incorporated1993
ChairmanMaunal Shantilal Gandhi
AuditorDJNV & Co
Investor Email[email protected]
🌐 www.ushanti.com ↗

📍 88/5 GIDC Phase-I, Vatva, Ahmedabad, Gujarat, 382445

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