TipHub

7.57

+0.01 +0.13%

As of 29 Jul 2026 · delayed

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).

Explicit Finance Ltd. (530571)

Volume: 200Avg Vol 1W: 1,069Avg Vol 1M: 54652W Range:6.1815.94
Key Ratios
Checked 7h ago
Market Cap₹7 Cr
Current Price₹7.57
Previous Close₹7.56
High / Low (52w)₹15.94 / ₹6.18
Volume200
Avg Vol (1W)1,069
Avg Vol (1M)546
Stock P/E
Book Value₹8.52
Dividend Yield0%
ROE-11.02%
ROA-12.52%
Revenue (TTM)
Revenue Growth
Profit Margin-30.58%
Total Debt
Shares Outstanding1 Cr
Face Value
EPS (TTM)₹0
P/B0.89
Debt / Equity0
50 DMA₹8.9
200 DMA₹10.44
Day change+0.13%
SurveillanceGSM · GSM 0
Price Chart
7.57 21.12% · 1Y
15663K
2025-07-29
2026-07-29

20-day avg volume: 583 shares

Pros
  • Company is almost debt-free.
  • Stock trades below its book value.
Cons
  • Revenue fell 28% YoY.
  • Company is loss-making at the latest annual result.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue
EBITDA
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₹12 Cr₹5 Cr₹7 Cr₹7 Cr₹12 Cr₹23 Cr₹9 Cr₹7 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-0.15-0.09-0.02-0.03-0.30.010.02-0.01
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹8 Cr₹8 Cr₹8 Cr₹9 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr
Total Liabilities₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Equity₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-1 Cr₹0 Cr₹1 Cr₹0 Cr₹1 Cr
Investing₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Free Cash Flow₹-1 Cr₹0 Cr₹1 Cr₹0 Cr₹1 Cr
Shareholding
Promoter 12.09% Institutions 0% Public 87.91%
Efficiency & Working Capital
ROCE-0.1%
Interest Coverage0
Dividend Payout
Debtor Days1 d
Inventory Days11 d
Payable Days0 d
Cash Conversion Cycle12 d
Working Capital Days12 d
Shareholding Details

As of 2026-06-30

Promoter12.1%
FII0%
DII0%
Institutions0%
Public87.9%
Promoter Pledge0%
No. of Shareholders2,520
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters12.1%12.1%12.1%12.1%12.1%12.1%12.1%12.1%12.1%12.1%12.1%12.1%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public87.9%87.9%87.9%87.9%87.9%87.9%87.9%87.9%87.9%87.9%87.9%87.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders2,2592,2862,4332,4352,5432,5582,5682,5552,5662,5372,5342,520
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Angelica Trading Private LimitedPublic Shareholding14.8%13,75,000
Brij Plantations Private LimitedPublic Shareholding13.3%12,30,000
Tungareshwar Food Products Private LtdPublic Shareholding13.2%12,25,000
Transdeal Securities Pvt LtdPublic Shareholding13.2%12,25,000
Trunadhanya Trading Private LimitedShareholding of Promoter and Promoter Group10.2%9,45,000
Deepali P SalunkePublic Shareholding3.7%3,43,800
Gopal Bhagwatilal DaveShareholding of Promoter and Promoter Group1.1%1,03,000
Mainkar Avinash B.Shareholding of Promoter and Promoter Group0.8%72,800
Board of Directors
NameDesignationYear
Rajesh NandaExecutive Director & MD2025
Avinash MainkarNED / Company Secretary / Compliance Officer2025
Gopal DaveNon-Exec & Non-Independent Dir2025
Nirmal Singh RajuIndependent Non Exe. Director2025
Hetal BhanushaliIndependent Non Exe. Director2025
Pushparaj MayekarIndependent Non Exe. Director2025
Narendrasinh ZalaExecutive Director & CFO2025
Neelam BhanushaliIndependent Non Exe. Director2025
Vandana KalokheAdditional Director2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹101099
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000000
2025000000
2025000000
Company Information
Incorporated1994
AuditorGMCS & Co
Investor Email[email protected]
🌐 www.explicitfinance.net

📍 305 Sohan Commercial Plaza, Opp Shivsena Office Vasai (E), Palghar, Maharashtra, 401210

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