TipHub

20.96

+0.44 +2.14%

As of 29 Jul 2026 · delayed

BSE Listed

GSM · GSM 0 · ESM · ESM 1
What does GSM · GSM 0 · ESM · ESM 1 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 · 2026-05-26
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-05-26

Gagan Gases Ltd. (524624)

Volume: 385Avg Vol 1W: 3,930Avg Vol 1M: 3,03652W Range:11.937.69
Key Ratios
Checked 2h ago
Market Cap₹9 Cr
Current Price₹20.96
Previous Close₹20.52
High / Low (52w)₹37.69 / ₹11.9
Volume385
Avg Vol (1W)3,930
Avg Vol (1M)3,036
Stock P/E66.19
Book Value₹7.63
Dividend Yield0%
ROE404.78%
ROA320.2%
Revenue (TTM)
Revenue Growth
Profit Margin215.59%
Total Debt
Shares Outstanding0 Cr
Face Value
EPS (TTM)₹0.31
P/B2.69
Debt / Equity0.12
50 DMA₹21.18
200 DMA₹21.87
Day change+2.14%
SurveillanceGSM · GSM 0 · ESM · ESM 1
Price Chart
20.96 12.67% · 1Y
36121.6L
2025-07-30
2026-07-29

20-day avg volume: 3K shares

Pros
  • Healthy return on equity of 404.8%.
  • Company is almost debt-free.
  • Revenue grew 168% YoY.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 66.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹1 Cr₹1 Cr₹2 Cr₹1 Cr₹1 Cr₹2 Cr₹2 Cr₹2 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₹1 Cr₹1 Cr₹2 Cr₹3 Cr₹5 Cr₹2 Cr₹6 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹0 Cr₹0 Cr
EPS0.010.310.110.070.134.130.130.59
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹1 Cr₹1 Cr₹2 Cr₹2 Cr₹2 Cr₹4 Cr₹4 Cr₹4 Cr
Total Liabilities₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr
Equity₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹3 Cr₹3 Cr₹3 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹0 Cr₹0 Cr₹1 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₹0 Cr
Free Cash Flow₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr
Shareholding
Promoter 38.76% Institutions 0.01% Public 61.23%
Efficiency & Working Capital
ROCE5.6%
Interest Coverage12.7
Dividend Payout
Debtor Days18 d
Inventory Days0 d
Payable Days0 d
Cash Conversion Cycle18 d
Working Capital Days18 d
Shareholding Details

As of 2026-06-30

Promoter38.8%
FII0%
DII0%
Institutions0%
Public61.2%
Promoter Pledge0%
No. of Shareholders8,752
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters36.5%36.7%36.9%37.8%38.4%38.6%38.8%38.9%39%39%38.8%38.8%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0.1%0.1%0%0%0%0%0%0%0%0%0%0%
Public63.4%63.2%63.1%62.2%61.6%61.4%61.2%61.1%61%61%61.2%61.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders7,2877,3247,5717,9488,0208,5848,6668,5968,5528,4498,7658,752
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Reekay Seamless Equipments & Solutions Private LimitedPublic Shareholding14.2%6,41,775
Gagan Investment Private LimitedShareholding of Promoter and Promoter Group9.9%4,47,246
Gagan MaheshwaryShareholding of Promoter and Promoter Group8.3%3,73,837
Kul Rattan MaheshwaryShareholding of Promoter and Promoter Group7.6%3,42,362
Richa MaheshwaryShareholding of Promoter and Promoter Group4.4%1,99,376
Rekha MaheshwaryShareholding of Promoter and Promoter Group4.3%1,95,358
Rajesh VijShareholding of Promoter and Promoter Group1.7%77,614
Renu VijShareholding of Promoter and Promoter Group1.6%73,000
Dipak Kanayalal ShahPublic Shareholding1.3%57,009
Nand Gopal BiyaniShareholding of Promoter and Promoter Group0.8%37,000
Ankit VijShareholding of Promoter and Promoter Group0.1%5,610
Roshan Lal ChhabraShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Gagan MaheshwaryManaging Director2025
K R MaheshwaryDirector2025
Balwinder Singh RanaDirector2025
Dinesh Kumar RandharIndependent Director2025
Usha SrivastavaIndependent Director2025
Anjali JainCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
LPG₹1 Cr89.8%
TRADING & OTHERS₹0 Cr10.2%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10855
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-10Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000000
2025000000
2025000000
Substantial Acquisitions (SAST)

13 disclosure(s)

Market24/02/2025 · 16,700
Market27/09/2024 · 4,006
Market04/09/2024 · 7,500
Market23/08/2024 · 7,326
Market09/08/2024 · 5,705
Market28/06/2024 · 44,454
Company Information
Incorporated1986
AuditorDilip K Neema & Associates
Investor Email[email protected]
🌐 www.gagangases.com

📍 602 Sector III, Pithampur Distt, Dhar, Madhya Pradesh

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