TipHub

114.9

+3.55 +3.19%

As of 28 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).

Arman Holdings Ltd. (538556)

Volume: 44,689Avg Vol 1W: 27,414Avg Vol 1M: 25,49852W Range:75.97119
Market Cap₹60 Cr
Current Price₹114.9
Previous Close₹111.35
High / Low (52w)₹119 / ₹75.97
Volume44,689
Avg Vol (1W)27,414
Avg Vol (1M)25,498
Stock P/E62.86
Book Value₹14.09
Dividend Yield0%
ROE12.94%
ROA12.44%
Revenue (TTM)
Revenue Growth
Profit Margin26.89%
Total Debt
Shares Outstanding1 Cr
Face Value
EPS (TTM)₹1.82
P/B8.12
Debt / Equity0
50 DMA₹109.44
200 DMA₹101.77
Day change+3.19%
SurveillanceGSM · GSM 0
Price Chart
114.9 51.24% · 1Y
115751.4L
2025-07-29
2026-07-28

20-day avg volume: 22K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 16% YoY.
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 63.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹0 Cr₹0 Cr₹0 Cr₹4 Cr₹0 Cr₹0 Cr₹1 Cr₹2 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
EPS
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹4 Cr₹4 Cr₹2 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
EPS0.050.0500.050.050.04-0.031.82
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹7 Cr₹6 Cr₹7 Cr₹7 Cr₹6 Cr₹7 Cr₹6 Cr₹8 Cr
Total Liabilities₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr
Equity₹6 Cr₹6 Cr₹7 Cr₹7 Cr₹6 Cr₹6 Cr₹6 Cr₹7 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Free Cash Flow₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Shareholding
Promoter 21.83% Institutions 0% Public 78.17%
Efficiency & Working Capital
ROCE17.2%
Interest Coverage0
Dividend Payout
Debtor Days118 d
Inventory Days143 d
Payable Days6 d
Cash Conversion Cycle255 d
Working Capital Days261 d
Shareholding Details

As of 2026-06-30

Promoter21.8%
FII0%
DII0%
Institutions0%
Public78.2%
Promoter Pledge0%
No. of Shareholders1,059
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters24.9%24.9%24.9%24.9%24.9%24.9%24.9%24.9%24.9%24.9%24.9%21.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public75.1%75.1%75.1%75.1%75.1%75.1%75.1%75.1%75.1%75.1%75.1%78.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders7407457787798068678658949119489831,059
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Manasvini Trading Private LimitedShareholding of Promoter and Promoter Group16.2%8,46,000
Salasar Advertising Private LimitedPublic Shareholding8.8%4,60,000
Kane Rush Securities Private LimitedPublic Shareholding8.4%4,40,000
Sanjay OtawatPublic Shareholding4.8%2,47,500
Sangeeta S JainShareholding of Promoter and Promoter Group4.7%2,44,700
Jayesh Dhanesh GoragandhiPublic Shareholding3.1%1,60,382
Littlestar Vanijya Private LimitedPublic Shareholding2.8%1,43,662
Varigate Advisory Services Private LimitPublic Shareholding2.2%1,12,782
Vivek Kumar UpadhyayPublic Shareholding2%1,05,225
Vijayalaxmi Jethmal JainPublic Shareholding2%1,03,719
Opportune Exim Private LimitedPublic Shareholding1.9%96,652
Ranjan KumarPublic Shareholding1.7%90,625
Darrshan Ashoke MariwalaPublic Shareholding1.3%65,972
Prince Kumar SinghPublic Shareholding1.2%63,876
Kannathal VenkatachalamPublic Shareholding1.2%64,300
Manoj Khimchand RaipancholiaPublic Shareholding1.2%62,481
Kailash Ramavatar GoenkaPublic Shareholding1.2%59,748
Himanshu Rajendra ShahPublic Shareholding1.1%55,600
Ashish Harikrishna AgarwalPublic Shareholding1.1%55,207
Deepak Kumar BabelShareholding of Promoter and Promoter Group0.5%24,300
Amit Kumar Kanther JainShareholding of Promoter and Promoter Group0.2%10,500
Rajesh TaterShareholding of Promoter and Promoter Group0.1%7,000
Priyadarshani Deepak BabelShareholding of Promoter and Promoter Group0.1%4,850
Board of Directors
NameDesignationYear
Deepak K BabelChairman & Managing Director2025
Priyadarshani Deepak BabelNon-Exec & Non-Independent Dir2025
Abhishek TejawatIndependent Non Exe. Director2025
Anil Kumar M MarlechaIndependent Director2025
Krishna BhattDirector2025
Ravi Jitendra ModiIndependent Director2025
Segments — Product
SegmentRevenueShare
Textiles Products₹0 Cr0%
Precious Metal₹4 Cr100%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10555
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-24Board Meetings
forthcomingBook ClosureAGM
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000000
2025000000
2025000000
Substantial Acquisitions (SAST)

62 disclosure(s)

Market25/06/2026 · 50,280
Market24/06/2026 · 54,510
Market25/06/2026 · 10,000
Market22/06/2026 · 80,940
Market22/06/2026 · 15,718
Market15/06/2026 · 30,000
Company Information
Incorporated1982
ChairmanDeepak K Babel
AuditorHRJ & Associates
Investor Email[email protected]
🌐 www.armanholdings.in

📍 419 Rajhans Heights, Mini Bazar Varachha Road, Surat, Gujarat, 395006

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