TipHub

6.03

-0.1 -1.63%

As of 29 Jul 2026 · delayed

BSE Listed · Diversified

GSM · GSM 0 · LT-ASM · ASM 1
What does GSM · GSM 0 · LT-ASM · ASM 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).
BSE · Long Term Additional Surveillance Measure (ASM 1)LT-ASM is the joint SEBI/exchange framework for SUSTAINED abnormal price moves (contrast ST-ASM's 5–15-day spikes). Entry is beta-adjusted price variation versus the Nifty (e.g. 3-month high-low above 150% plus the stock's β × index move) along with client-concentration checks. Stages I–IV escalate from a 5% price band through 100% margin to Trade-for-Trade with an additional surveillance deposit. Practical meaning: the exchange still considers the price action abnormal — tighter bands and elevated margins continue even if another measure (like ESM) has lifted. A stock can sit under LT-ASM on both exchanges via either exchange's shortlisting; it is a preventive cost-of-speculation measure, not an adverse finding against the company.Criteria: High 3-month / 12-month high-low price variation, close-to-close price variation, client concentration, number of price-band hits, market-wide position limit and P/E — applied in graded Stages I–IV with escalating margin and price-band curbs.Exchange notice · 2026-04-27

Kush Industries Limited (514240)

Volume: 11,006Avg Vol 1W: 7,483Avg Vol 1M: 8,33452W Range:5.289.5
Key Ratios
Checked 5h ago
Market Cap₹9 Cr
Current Price₹6.03
Previous Close₹6.13
High / Low (52w)₹9.5 / ₹5.28
Volume11,006
Avg Vol (1W)7,483
Avg Vol (1M)8,334
Stock P/E-215
Book Value₹-4.52
Dividend Yield0%
ROE67.36%
ROA-225.99%
Revenue (TTM)
Revenue Growth
Profit Margin0%
Total Debt
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹0
P/B
Debt / Equity0
50 DMA₹6.79
200 DMA₹7.13
Day change-1.63%
SurveillanceGSM · GSM 0 · LT-ASM · ASM 1
Price Chart
6.03 30.61% · 1Y
9599K
2025-07-30
2026-07-29

20-day avg volume: 9K shares

Pros
  • Healthy return on equity of 67.4%.
  • Company is almost debt-free.
Cons
  • Revenue fell 86% YoY.
  • 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₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹2 Cr₹1 Cr₹3 Cr₹0 Cr₹3 Cr₹1 Cr₹1 Cr₹0 Cr
EBITDA₹0 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₹2 Cr₹0 Cr₹2 Cr₹0 Cr
EPS-0.16-0.160.94-0.191.66-0.091.560.02
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹4 Cr₹4 Cr₹3 Cr₹2 Cr₹5 Cr₹3 Cr₹5 Cr₹2 Cr
Total Liabilities₹17 Cr₹17 Cr₹14 Cr₹14 Cr₹15 Cr₹12 Cr₹12 Cr₹10 Cr
Equity₹-13 Cr₹-13 Cr₹-12 Cr₹-12 Cr₹-9 Cr₹-10 Cr₹-7 Cr₹-7 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹0 Cr₹-3 Cr₹3 Cr₹0 Cr₹0 Cr
Investing₹0 Cr₹3 Cr₹0 Cr₹3 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹-3 Cr₹0 Cr₹-2 Cr
Free Cash Flow₹0 Cr₹-3 Cr₹3 Cr₹0 Cr₹0 Cr
Shareholding
Promoter 58.01% Institutions 0% Public 41.99%
Efficiency & Working Capital
ROCE-3%
Interest Coverage0
Dividend Payout
Debtor Days3717 d
Inventory Days536 d
Payable Days4190 d
Cash Conversion Cycle63 d
Working Capital Days4253 d
Shareholding Details

As of 2026-06-30

Promoter58%
FII0%
DII0%
Institutions0%
Public42%
Promoter Pledge0%
No. of Shareholders10,719
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters57%57%57%57%57.1%58%58%58%58%58%58%58%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0%0%0%0%
Public43%43%43%43%42.8%41.9%41.9%41.9%42%42%42%42%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders6,9307,2207,8199,0529,55710,81111,30111,32711,09210,85610,82410,719
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Prashant ViraniShareholding of Promoter and Promoter Group8.3%12,64,896
Jay ViraniShareholding of Promoter and Promoter Group8.2%12,50,300
Rasilaben ViraniShareholding of Promoter and Promoter Group8.1%12,38,192
Kiranben M. PatelShareholding of Promoter and Promoter Group7.7%11,79,291
Mansukh Karsanbhai PatelShareholding of Promoter and Promoter Group6.8%10,34,041
Vibha PatelShareholding of Promoter and Promoter Group6.6%10,11,600
Dinesh ViraniShareholding of Promoter and Promoter Group6.3%9,57,916
Kush Synthetics Pvt LtdShareholding of Promoter and Promoter Group6%9,10,200
Gujarat State Financial CorporationPublic Shareholding2.7%4,09,000
Sandhya S BataviaPublic Shareholding1.3%1,96,500
Board of Directors
NameDesignationYear
Mansukh K PatelChairman & Exec. Director2025
Kiran M ViraniNon Executive Director2025
HIREN BIPINBHAI HIRPARAIndependent Non Exe. Director2025
Vivek R. SinghaIndependent Non Exe. Director2025
Segments — Product
SegmentRevenueShare
Weaving₹1 Cr100%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10251515
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-30Board Meetings
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000000
2025000000
2025000000
Company Information
Incorporated1992
ChairmanMansukh K Patel
AuditorV H Gundarwala & Co
Investor Email[email protected]
🌐 www.kushindustrieslimited.com

📍 Plot No 129 Near J B Chemicals, GIDC Estate, Ankleshwar, Gujarat, 393002

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