TipHub

10.58

-0.22 -2.04%

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).Exchange notice · 2026-06-25

Mihika Industries Ltd. (538895)

Volume: 23,686Avg Vol 1W: 13,875Avg Vol 1M: 8,57152W Range:7.1120.96
Key Ratios
Checked 7h ago
Market Cap₹11 Cr
Current Price₹10.58
Previous Close₹10.8
High / Low (52w)₹20.96 / ₹7.11
Volume23,686
Avg Vol (1W)13,875
Avg Vol (1M)8,571
Stock P/E135
Book Value₹21.97
Dividend Yield0%
ROE39.24%
ROA31.59%
Revenue (TTM)
Revenue Growth
Profit Margin476.19%
Total Debt
Shares Outstanding1 Cr
Face Value
EPS (TTM)₹0.08
P/B0.49
Debt / Equity0
50 DMA₹14.01
200 DMA₹14.06
Day change-2.04%
SurveillanceGSM · GSM 0
Price Chart
10.58 46.21% · 1Y
2491.5L
2025-07-29
2026-07-28

20-day avg volume: 9K shares

Pros
  • Healthy return on equity of 39.2%.
  • Company is almost debt-free.
  • Revenue grew 399% YoY.
  • Stock trades below its book value.
Cons
  • Stock trades at a high P/E of 135.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹6 Cr₹1 Cr₹28 Cr₹2 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EBITDA₹1 Cr₹0 Cr₹-1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹-1 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₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹1 Cr₹7 Cr₹35 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-3 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-2 Cr₹0 Cr₹0 Cr
EPS-0.09-0.35-0.05-0.16-0.02-2.420.180.05
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹25 Cr₹24 Cr₹24 Cr₹24 Cr₹24 Cr₹22 Cr₹22 Cr₹22 Cr
Total Liabilities₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Equity₹25 Cr₹24 Cr₹24 Cr₹24 Cr₹24 Cr₹22 Cr₹22 Cr₹22 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹-2 Cr₹0 Cr₹1 Cr₹-1 Cr₹20 Cr
Investing₹2 Cr₹0 Cr₹0 Cr₹0 Cr₹-20 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Free Cash Flow₹-2 Cr₹0 Cr₹1 Cr₹-1 Cr₹20 Cr
Shareholding
Promoter 47.14% Institutions 0% Public 52.86%
Efficiency & Working Capital
ROCE0.4%
Interest Coverage0
Dividend Payout
Debtor Days
Inventory Days
Payable Days
Cash Conversion Cycle
Working Capital Days
Shareholding Details

As of 2026-06-30

Promoter47.1%
FII0%
DII0%
Institutions0%
Public52.9%
Promoter Pledge0%
No. of Shareholders981
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters47.1%47.1%47.1%47.1%47.1%47.1%47.1%47.1%47.1%47.1%47.1%47.1%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public52.9%52.9%52.9%52.9%52.9%52.9%52.9%52.9%52.9%52.9%52.9%52.9%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders439526594795859945953948967961969981
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Veggie Fest Foods Private LimitedShareholding of Promoter and Promoter Group47.1%47,14,190
Saptswati Private LimitedPublic Shareholding2.6%2,63,893
Tarunkumar Ganpatbhai MakwanaPublic Shareholding2.6%2,59,352
Yellow Bricks Gold Empier Private LimitedPublic Shareholding2.4%2,40,392
Bhimabhai Jalandhar ThakorPublic Shareholding2.3%2,31,974
Deepika JindalPublic Shareholding2.2%2,17,000
Kamlesh KanojiyaPublic Shareholding1.7%1,66,695
Shivang Navinchandra NayakPublic Shareholding1.6%1,64,100
Plastomatic Packaging Private LimitedPublic Shareholding1.3%1,33,705
Abode Foods Beverages Private LimitedPublic Shareholding1.3%1,25,000
Parnit Ventures Private LimitedPublic Shareholding1.3%1,25,250
Euronex Trade Private LimitedPublic Shareholding1.2%1,18,200
Pras Investment Private LimitedPublic Shareholding1.1%1,12,500
Ajit Dashrathji ThakorPublic Shareholding1.1%1,10,940
Rishikumar Hanumanprasad GosaiPublic Shareholding1.1%1,11,214
Globalworth Securities LimitedPublic Shareholding1.1%1,07,954
Dasaraju Akhilesh VarmaPublic Shareholding1.1%1,06,799
Board of Directors
NameDesignationYear
Aakash P. ShahExecutive Director & MD2025
Sweta R. PanchalIndependent Non Exe. Director2025
Parth Rajeshbhai RupareliyaExecutive Director & CFO2025
Shruti AroraAdditional Director2025
Sudhanshu ShekharAdditional Director2025
Pooja SarkarAdditional Director2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10101010
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-23Board Meetings
forthcoming2026-07-17Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000022
2025000000
2025000022
Substantial Acquisitions (SAST)

3 disclosure(s)

Off Market12/09/2023 · 24,02,175
Off Market & Share Purchase Agreement12/09/2023 · 2,175
Off Market & Share Purchase Agreement12/09/2023 · 24,00,000
Company Information
Incorporated1983
AuditorS K Bhavsar & Co.
Investor Email[email protected]
🌐 www.mihika.co.in

📍 3 Bentinck Street, 2nd Floor, Kolkata, West Bengal, 700001

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