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29 Jul 2026

BSE Listed

GSM · GSM 0
What does GSM · GSM 0 mean?
BSE · Graded Surveillance Measure (GSM 0)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).

Heera Ispat Ltd. (526967)

Volume: 0Avg Vol 1W: 298Avg Vol 1M: 4,34152W Range:4.849.82
Market Cap₹4 Cr
Current Price₹6
Previous Close₹6
High / Low (52w)₹9.82 / ₹4.84
Volume0
Avg Vol (1W)298
Avg Vol (1M)4,341
Stock P/E
Book Value₹-1.44
Dividend Yield0%
ROE9.32%
ROA-560%
Revenue (TTM)
Revenue Growth
Profit Margin0%
Total Debt
Shares Outstanding1 Cr
Face Value
EPS (TTM)₹0
P/B0
Debt / Equity0
50 DMA₹7.02
200 DMA₹7.37
Day change+0.00%
SurveillanceGSM · GSM 0
Price Chart
6 26.65% · 1Y
953.7L
2025-07-29
2026-07-29

20-day avg volume: 4K shares

Pros
  • Company is almost debt-free.
Cons
  • Company is loss-making at the latest annual result.
  • Negative book value per share.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹-1 Cr₹-3 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS0.090.03-0.88-5.33-0.180.48-0.28-0.79
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹4 Cr₹4 Cr₹3 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Total Liabilities₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Equity₹4 Cr₹4 Cr₹3 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Free Cash Flow₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Shareholding
Promoter 0% Institutions 0% Public 100%
Efficiency & Working Capital
ROCE320.8%
Interest Coverage0
Dividend Payout
Debtor Days
Inventory Days
Payable Days
Cash Conversion Cycle
Working Capital Days
Shareholding Details

As of 2026-06-30

Promoter0%
FII0%
DII0%
Institutions0%
Public100%
Promoter Pledge
No. of Shareholders2,535
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters18%18%18%18%18%18%18%18%0%0%0%0%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public82%82%82%82%82%82%82%82%100%100%100%100%
Promoter Pledge0%0%0%0%0%0%0%0%0%
No. of Shareholders1,6591,6841,7701,7701,7701,7702,2462,3522,4632,4722,5352,535
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Ganesh Puri GoswamiPublic Shareholding3.9%2,30,362
Rajeshkumar Vithalbhai PatelPublic Shareholding3.4%2,00,000
Ruchira GoyalPublic Shareholding3.1%1,80,318
Pankajkumar Parshottambhai SavaliyaPublic Shareholding2.6%1,51,759
Raval Naman VirendrakumarPublic Shareholding2.1%1,20,594
Divya AsopaPublic Shareholding1.7%1,00,000
Bhanumatiben Rameshchandra PatelPublic Shareholding1.5%90,000
Kiran Ramanlal PatelPublic Shareholding1.5%85,286
Minesh Dilipkumar ShahPublic Shareholding1.4%84,809
Dharti Deepak GandhiPublic Shareholding1.4%81,000
Board of Directors
NameDesignationYear
Alpesh K PatelIndependent Director2025
Radheshyam Rampal LodhaIndependent Director2025
CHIRAG DINESH CHANDANWhole Time Director2025
OMPRAKASH MOHANLAL DHARIWALManaging Director2025
MEET HARSHADBHAI THAKKARDirector2025
HIMANSHI JAYRAJSINH JADEJADirector & CFO2025
Vinay Surendrasingh RajputCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹105666
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-03Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2024000000
2024000000
2024000000
Substantial Acquisitions (SAST)

3 disclosure(s)

Market20/08/2025 · 3,74,555
Market12/08/2025 · 70,615
Market04/08/2025 · 489
Company Information
Incorporated1992
AuditorDhrumil A. Shah & Co
Investor Email[email protected]
🌐 www.heeraispat.com

📍 206 Ashwarath Complex, 2nd Floor Usmanpura, Ahmedabad, Gujarat, 380013

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