₹25.32
▼ -0.48 -1.86%
18 Jul 2026
BSE Listed · Infrastructure Developers & Operators
ESM 2Vishnu Prakash R Punglia (543974)
Volume: 7,959Avg Vol 1W: 16,404Avg Vol 1M: 33,59052W Range:₹23.99₹184.85
Key Ratios
Checked 6h agoMarket Cap₹316 Cr
Current Price₹25.32
Previous Close₹25.8
High / Low (52w)₹184.85 / ₹23.99
Volume7,959
Avg Vol (1W)16,404
Avg Vol (1M)33,590
Stock P/E34.62
Book Value₹50.54
Dividend Yield0%
ROE-23.83%
ROA-7.98%
Revenue (TTM)—
Revenue Growth—
Profit Margin-17.64%
Total Debt—
Shares Outstanding12 Cr
Face Value₹10
EPS (TTM)₹0
P/B0.5
Debt / Equity0.73
50 DMA₹33.12
200 DMA₹54.9
Day change-1.86%
SurveillanceESM 2 (as of 2026-07-17)
Price Chart
₹25.32▼ 85.85% · 1Y
2025-07-172026-07-17
20-day avg volume: 26K shares
Pros
- Company is almost debt-free.
- Stock trades below its book value.
Cons
- Revenue fell 16% YoY.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹257 Cr | ₹335 Cr | ₹241 Cr | ₹405 Cr | ₹276 Cr | ₹296 Cr | ₹177 Cr | ₹102 Cr |
| EBITDA | ₹33 Cr | ₹47 Cr | ₹26 Cr | ₹43 Cr | ₹28 Cr | ₹21 Cr | ₹-15 Cr | ₹-128 Cr |
| Net Profit | ₹15 Cr | ₹24 Cr | ₹4 Cr | ₹16 Cr | ₹7 Cr | ₹4 Cr | ₹-30 Cr | ₹-131 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | ₹371 Cr | ₹411 Cr | ₹488 Cr | ₹787 Cr | ₹1,171 Cr | ₹1,483 Cr | ₹1,246 Cr |
| EBITDA | ₹34 Cr | ₹37 Cr | ₹43 Cr | ₹84 Cr | ₹153 Cr | ₹207 Cr | ₹148 Cr |
| Net Profit | ₹12 Cr | ₹15 Cr | ₹19 Cr | ₹45 Cr | ₹91 Cr | ₹122 Cr | ₹59 Cr |
| EPS | 4.39 | 5.46 | 2.25 | 5.31 | 10.41 | 10.95 | 4.7 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹240 Cr | ₹280 Cr | ₹331 Cr | ₹498 Cr | ₹825 Cr | ₹1,542 Cr | ₹2,010 Cr |
| Total Liabilities | ₹158 Cr | ₹182 Cr | ₹217 Cr | ₹339 Cr | ₹511 Cr | ₹821 Cr | ₹1,230 Cr |
| Equity | ₹83 Cr | ₹98 Cr | ₹114 Cr | ₹159 Cr | ₹315 Cr | ₹721 Cr | ₹779 Cr |
| Total Debt | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹41 Cr | ₹17 Cr | ₹17 Cr | ₹-281 Cr | ₹-170 Cr |
| Investing | ₹-5 Cr | ₹-30 Cr | ₹-98 Cr | ₹-32 Cr | ₹-85 Cr |
| Financing | ₹-29 Cr | ₹42 Cr | ₹108 Cr | ₹387 Cr | ₹244 Cr |
| Free Cash Flow | ₹41 Cr | ₹17 Cr | ₹17 Cr | ₹-281 Cr | ₹-170 Cr |
Shareholding
Promoter 44.61% Institutions 4.35% Public 51.04%
Efficiency & Working Capital
ROCE-8%
Interest Coverage2.2
Dividend Payout—
Debtor Days217 d
Inventory Days235 d
Payable Days130 d
Cash Conversion Cycle322 d
Working Capital Days452 d
Shareholding Details
As of 2026-03-31
Promoter44.6%
FII0.3%
DII4.1%
Institutions4.4%
Public51%
Promoter Pledge87.7%
No. of Shareholders1,23,655
Shareholding Pattern
Quarterly — figures in %. Latest 11 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 67.8% | 67.8% | 67.8% | 67.8% | 67.8% | 67.8% | 67.8% | 67.8% | 58.7% | 52.6% | 44.6% |
| FIIs | 4.7% | 3.1% | 1.1% | 1.1% | 0.1% | 0.9% | 0.2% | 0.1% | 1.3% | 0.1% | 0.3% |
| DIIs | 4.9% | 5% | 4.2% | 4.1% | 4.1% | 4.1% | 4.1% | 4.1% | 4.1% | 4.1% | 4.1% |
| Public | 22.6% | 24.2% | 26.9% | 27% | 28% | 27.2% | 27.9% | 28% | 35.9% | 43.2% | 51% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 42.4% | 87.7% |
| No. of Shareholders | 49,189 | 71,442 | 84,560 | 97,471 | 1,14,344 | 1,22,627 | 1,27,958 | 1,26,322 | 1,26,584 | 1,25,676 | 1,23,655 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Vishnu Prakash Punglia | Shareholding of Promoter and Promoter Group | 8.6% | 1.07 Cr |
| Manohar Lal Punglia | Shareholding of Promoter and Promoter Group | 6.6% | 82,20,000 |
| Ajay Pungaliya | Shareholding of Promoter and Promoter Group | 5.3% | 66,50,000 |
| Kamal Kishor Pungalia | Shareholding of Promoter and Promoter Group | 4.5% | 56,50,000 |
| Sanjay Kumar Punglia | Shareholding of Promoter and Promoter Group | 4.3% | 53,49,883 |
| Quant Mutual Fund - Quant Small Cap Fund | Public Shareholding | 4.1% | 50,87,689 |
| Vijay Punglia | Shareholding of Promoter and Promoter Group | 3.6% | 45,15,000 |
| Pushpa Pungalia | Shareholding of Promoter and Promoter Group | 2.8% | 34,90,000 |
| Pushpa Devi Pungalia | Shareholding of Promoter and Promoter Group | 2.7% | 33,95,493 |
| Anil Punglia | Shareholding of Promoter and Promoter Group | 2.7% | 33,00,000 |
| Pooja Punglia | Shareholding of Promoter and Promoter Group | 1.1% | 14,05,000 |
| Nitu Punglia | Shareholding of Promoter and Promoter Group | 0.7% | 9,05,000 |
| Mamta Pungalia | Shareholding of Promoter and Promoter Group | 0.5% | 6,65,000 |
| Dilip Pungliya | Shareholding of Promoter and Promoter Group | 0.4% | 4,44,000 |
| Dipanshu Punglia | Shareholding of Promoter and Promoter Group | 0.3% | 4,27,500 |
| Jayant Pungalia | Shareholding of Promoter and Promoter Group | 0.3% | 4,27,500 |
| Manisha Ladha | Shareholding of Promoter and Promoter Group | 0.1% | 75,000 |
| Naresh Pungalia | Shareholding of Promoter and Promoter Group | 0% | 1,400 |
| Om Prakash Baheti | Shareholding of Promoter and Promoter Group | 0% | 1,000 |
| Santosh Baheti | Shareholding of Promoter and Promoter Group | 0% | 1,000 |
| Naresh Pungalia Huf . | Shareholding of Promoter and Promoter Group | 0% | 500 |
| Hitesh Omprakash Baheti (huf) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Ajay Rathi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Amit Rathi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Anand Prakash Gaggar | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Vishnu Prakash Punglia | 1.06 Cr | 98.9% | 2026-03-31 |
| Manohar Lal Punglia | 81,75,000 | 99.5% | 2026-03-31 |
| Ajay Pungaliya | 63,00,000 | 94.7% | 2026-03-31 |
| Kamal Kishor Pungalia | 56,00,000 | 99.1% | 2026-03-31 |
| Sanjay Kumar Punglia | 52,50,000 | 98.1% | 2026-03-31 |
| Vijay Punglia | 19,00,000 | 42.1% | 2026-03-31 |
| Pushpa Pungalia | 34,00,000 | 97.4% | 2026-03-31 |
| Pushpa Devi Pungalia | 31,60,000 | 93.1% | 2026-03-31 |
| Anil Punglia | 32,20,000 | 97.6% | 2026-03-31 |
| Pooja Punglia | 6,00,000 | 42.7% | 2026-03-31 |
| Nitu Punglia | 0 | 0% | 2026-03-31 |
| Mamta Pungalia | 6,00,000 | 90.2% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| VISHNU PRAKASH PUNGLIA | Chairman & Exec. Director | 2025 |
| MANOHAR LAL PUNGLIA | ED / MD / Promoter | 2025 |
| SANJAY KUMAR PUNGLIA | ED / WTD / CEO / Promoter | 2025 |
| KAMAL KISHOR PUNGALIA | WTD & Executive Director | 2025 |
| AJAY PUNGALIA | WTD & Executive Director | 2025 |
| Nilima Bhansali | Independent Non Exe. Director | 2025 |
| Krishan Murari Lal Mathur | Independent Non Exe. Director | 2025 |
| Uttam Chand Singhvi | Independent Non Exe. Director | 2025 |
| Surendra Sharma | Independent Non Exe. Director | 2025 |
| Ratan Lahoti | Independent Non Exe. Director | 2025 |
| Anurag Lohiya | Independent Non Exe. Director | 2025 |
| Neha Matnani | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Construction and infrastructure dev | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 150 | 125 | 125 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-07-13 | Board Meetings | — |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 251 | 148 | 405 |
| 2025 | 0 | 0 | 0 | 244 | 41 | 285 |
| 2025 | 0 | 0 | 0 | 8 | 107 | 119 |
Insider / Designated-Person Trades
30 recent disclosure(s)
Sanjay Kumar PungliaPledge · 50,000
Pushpa Devi PungliaPledge · 1,00,000
Pooja PungliaPledge · 1,00,000
Sanjay Kumar PungliaPledge · 50,000
Pushpa Devi PungliaPledge · 1,00,000
Pooja PungliaPledge · 1,00,000
Substantial Acquisitions (SAST)
12 disclosure(s)
Market31/12/2025 · 10,00,000
Market29/12/2025 - 31/12/2025 · 20,00,000
Market26/12/2025 · 5,00,000
Market23/12/2025 · 5,00,000
Market22/12/2025 · 5,00,000
Market19/12/2025 - 22/12/2025 · 9,00,000
Company Information
Incorporated2013
ChairmanVISHNU PRAKASH PUNGLIA
AuditorBansi Jain & Associates
Investor Email[email protected]
📍 Unit #3 5th Flr B-Wing Trade, Star Prms.Coop.Soc. Andheri(E), Mumbai, Maharashtra, 400059
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