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₹15.87

■ +0 +0.00%

As of 20 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 · 2026-06-23

India Radiators Ltd. (505100)

Volume: 172Avg Vol 1W: 130Avg Vol 1M: 62852W Range:₹11.3₹15.87
BSE www.indiaradiators.com AI Report
Key Ratios
Checked 4h ago
Market Cap₹1 Cr
Current Price₹15.87
Previous Close₹15.87
High / Low (52w)₹15.87 / ₹11.3
Volume172
Avg Vol (1W)130
Avg Vol (1M)628
Stock P/E—
Book Value₹-71.61
Dividend Yield0%
ROE79.95%
ROA-8.09%
Revenue (TTM)—
Revenue Growth—
Profit Margin-1,837.5%
Total Debt—
Shares Outstanding0 Cr
Face Value—
EPS (TTM)₹0
P/B0
Debt / Equity0
50 DMA—
200 DMA—
Day change+0.00%
SurveillanceGSM · GSM 4
Price Chart
₹15.87▲ 40.44% · 1Y
₹16₹11784
2025-08-06
2026-07-20

20-day avg volume: 661 shares

Pros
  • Healthy return on equity of 80.0%.
  • Company is almost debt-free.
Cons
  • Company is loss-making at the latest annual result.
  • Negative book value per share.
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₹-1 Cr₹0 Cr₹0 Cr₹0 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹0 Cr₹2 Cr₹0 Cr₹9 Cr₹0 Cr₹0 Cr₹0 Cr
EBITDA₹-1 Cr₹1 Cr₹0 Cr₹9 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹-3 Cr₹2 Cr₹-2 Cr₹5 Cr₹1 Cr₹-1 Cr₹-1 Cr
EPS-28.0321.67-21.6154.417.56-6.2-9.44
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹24 Cr₹12 Cr₹12 Cr₹12 Cr₹12 Cr₹18 Cr₹18 Cr
Total Liabilities₹26 Cr₹19 Cr₹21 Cr₹16 Cr₹16 Cr₹18 Cr₹19 Cr
Equity₹-2 Cr₹-7 Cr₹-9 Cr₹-4 Cr₹-4 Cr₹0 Cr₹0 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₹1 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 38.74% Institutions 8.27% Public 52.99%
Efficiency & Working Capital
ROCE-7.5%
Interest Coverage-0.3
Dividend Payout—
Debtor Days1202 d
Inventory Days0 d
Payable Days125 d
Cash Conversion Cycle1078 d
Working Capital Days1202 d
Shareholding Details

As of 2026-06-30

Promoter38.7%
FII5.1%
DII3.1%
Institutions8.3%
Public53%
Promoter Pledge0%
No. of Shareholders4,450
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Jul 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters38.4%38.4%38.4%38.7%38.7%38.7%38.7%38.7%38.7%38.7%38.7%38.7%
FIIs0%5.1%5.1%5.1%5.1%5.1%5.1%5.1%5.1%5.1%5.1%5.1%
DIIs0%4.4%3.3%3.3%3.3%3.3%3.3%3.1%3.1%3.1%3.1%3.1%
Public61.6%52%53.2%52.9%52.9%52.9%52.9%53%53%53%53%53%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders4,4794,4784,4724,4684,4674,4614,4624,4624,4614,4534,4534,450
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Mercantile Ventures LimitedShareholding of Promoter and Promoter Group38.7%3,48,622
South India House Estates And Properties LimitedPublic Shareholding5.2%47,188
Mahle Behr Gmbh & Co KgPublic Shareholding5.1%46,140
The New India Assurance Company LimitedPublic Shareholding3.1%28,300
RUCHIRA GOYALPublic Shareholding1.1%9,619
Board of Directors
NameDesignationYear
E N RangaswamiWhole Time Director2025
AL ChandramouliIndependent Non Exe. Director2025
Sashikala SrikanthIndependent Non Exe. Director2025
Govindarajan Dattatreyan SharmaIndependent Non Exe. Director2025
Oberoi Jangit MCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Renting of properties₹0 Cr5.8%
Automobile parts₹1 Cr94.2%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10111
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-24Merger to Scrip Mercantile Ventures Ltd. With Ratio of 10:36—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000001
2025000001
2025000001
Substantial Acquisitions (SAST)

11 disclosure(s)

Off Market08/07/2024 · 3,09,524
Off Market08/07/2024 · 3,09,524
Off Market08/07/2024 · 21,857
Off Market08/07/2024 · 14,321
Off Market08/07/2024 · 14,321
Off Market08/07/2024 · 3,45,702
Company Information
Incorporated1955
AuditorDPV & Associates
Investor Email[email protected]; [email protected]
🌐 www.indiaradiators.com ↗

📍 88 Mount Road, Guindy, Chennai, Tamil Nadu, 600032

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