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₹15.47

▲ +0.73 +4.95%

As of 27 Jul 2026 · delayed

BSE Listed

GSM · GSM 4
What does GSM · GSM 4 mean?
BSE · Graded Surveillance Measure (GSM 4)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 · 2026-06-09

Ashoka Refineries Ltd. (526983)

Volume: 100Avg Vol 1W: 200Avg Vol 1M: 80052W Range:₹11.79₹15.47
BSE www.ashokarefineries.com AI Report
Key Ratios
Checked 8h ago
Market Cap₹5 Cr
Current Price₹15.47
Previous Close₹14.74
High / Low (52w)₹15.47 / ₹11.79
Volume100
Avg Vol (1W)200
Avg Vol (1M)800
Stock P/E—
Book Value₹7.21
Dividend Yield0%
ROE-6.33%
ROA-6.04%
Revenue (TTM)—
Revenue Growth—
Profit Margin-400%
Total Debt—
Shares Outstanding0 Cr
Face Value—
EPS (TTM)₹0
P/B2.15
Debt / Equity0.06
50 DMA₹13.35
200 DMA—
Day change+4.95%
SurveillanceGSM · GSM 4
Price Chart
₹15.47▲ 14.76% · 1Y
₹15₹129K
2025-08-04
2026-07-27

20-day avg volume: 865 shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 79% YoY.
  • Company is loss-making at the latest annual result.
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₹1 Cr₹2 Cr₹2 Cr₹2 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-0.030.01-0.110.391.350.92-0.01-0.43
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹1 Cr₹2 Cr₹2 Cr₹2 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr
Total Liabilities₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr
Equity₹1 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹3 Cr₹3 Cr₹3 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹0 Cr₹0 Cr₹0 Cr₹-2 Cr₹0 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Free Cash Flow₹0 Cr₹0 Cr₹0 Cr₹-2 Cr₹0 Cr
Shareholding
Promoter 32.94% Institutions 0.29% Public 66.77%
Efficiency & Working Capital
ROCE-6%
Interest Coverage0
Dividend Payout—
Debtor Days0 d
Inventory Days0 d
Payable Days3 d
Cash Conversion Cycle-3 d
Working Capital Days0 d
Shareholding Details

As of 2026-06-30

Promoter32.9%
FII0%
DII0.3%
Institutions0.3%
Public66.8%
Promoter Pledge0%
No. of Shareholders992
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters32.9%32.9%32.9%32.9%32.9%32.9%32.9%32.9%32.9%32.9%32.9%32.9%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%0.3%
Public66.8%66.8%66.8%66.8%66.8%66.8%66.8%66.8%66.8%66.8%66.8%66.8%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders1,0131,0101,0101,0231,0261,0351,0341,0311,0211,0161,009992
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Reeta AtlaniShareholding of Promoter and Promoter Group4.1%1,41,000
Sana Rajesh AtlaniShareholding of Promoter and Promoter Group3.7%1,24,900
Rajesh AtlaniShareholding of Promoter and Promoter Group3.2%1,10,000
Kishore AtlaniShareholding of Promoter and Promoter Group3.2%1,09,500
Vivek KandaPublic Shareholding1%34,900
Ajay ChoudharyShareholding of Promoter and Promoter Group1%33,000
Avdhesh Kumar JainShareholding of Promoter and Promoter Group1%32,900
Umesh Kumar SahuShareholding of Promoter and Promoter Group1%32,800
Arun Kumar TamrakarShareholding of Promoter and Promoter Group0.9%32,000
Vishwajeet Singh ThakurShareholding of Promoter and Promoter Group0.9%32,000
Alok AwadhiyaShareholding of Promoter and Promoter Group0.9%31,400
Mahesh Kodwani(h.u.f.)Shareholding of Promoter and Promoter Group0.9%31,300
Satyaprakash AgrawalShareholding of Promoter and Promoter Group0.9%30,800
Sudhir Singh MouryaShareholding of Promoter and Promoter Group0.9%30,700
Gokul Prasad SharmaShareholding of Promoter and Promoter Group0.9%30,600
Shri Bharti Devi KodwaniShareholding of Promoter and Promoter Group0.9%30,500
Sri Mahesh KodwaniShareholding of Promoter and Promoter Group0.9%30,000
Nilesh N BudhbhattiShareholding of Promoter and Promoter Group0.9%30,000
Ravi VaswaniShareholding of Promoter and Promoter Group0.9%30,000
Surendra Singh SandhuShareholding of Promoter and Promoter Group0.9%30,000
Himmatlal Sahu & SonsShareholding of Promoter and Promoter Group0.9%30,000
Alok ChoudhariShareholding of Promoter and Promoter Group0.9%29,300
Himmat Lal SahuShareholding of Promoter and Promoter Group0.9%29,200
Pramod VaswaniShareholding of Promoter and Promoter Group0.8%28,600
Sudhir DixitShareholding of Promoter and Promoter Group0.6%21,700
Board of Directors
NameDesignationYear
Hifzul RahimManaging Director2025
Tulsi Ram SahuExecutive Director & CFO2025
Mansoor AhmedNon Executive Director2025
Ravi KamraIndependent Non Exe. Director2025
Satyawati ParasharIndependent Non Exe. Director2025
Aditya SharmaIndependent Non Exe. Director2025
Anchal AgrawalIndependent Non Exe. Director2025
Gaurav SoniIndependent Non Exe. Director2025
Garima MoghaCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10433
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000000
2025000000
2025000000
Substantial Acquisitions (SAST)

1 disclosure(s)

Off Market21/05/2026 · 1,90,800
Company Information
Incorporated1991
AuditorBatra Deepak & Associates
Investor Email[email protected]
🌐 www.ashokarefineries.com ↗

📍 408 Wallfort Ozone Fafadih, Raipur, Chattisgarh, 492001

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