TipHub

₹39.38

■ +0 +0.00%

29 Jul 2026

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).

Nilachal Refractories Ltd. (502294)

Volume: 183Avg Vol 1W: 503Avg Vol 1M: 60152W Range:₹28.88₹56.92
BSE www.nilachal.in AI Report
Key Ratios
Checked 3h ago
Market Cap₹80 Cr
Current Price₹39.38
Previous Close₹39.38
High / Low (52w)₹56.92 / ₹28.88
Volume183
Avg Vol (1W)503
Avg Vol (1M)601
Stock P/E—
Book Value₹-16.11
Dividend Yield0%
ROE14.8%
ROA-33.17%
Revenue (TTM)—
Revenue Growth—
Profit Margin-305.03%
Total Debt—
Shares Outstanding2 Cr
Face Value—
EPS (TTM)₹0
P/B—
Debt / Equity1.35
50 DMA₹41.04
200 DMA₹39.79
Day change+0.00%
SurveillanceGSM · GSM 0
Price Chart
₹39.38▼ 1.55% · 1Y
₹54₹3160K
2025-07-29
2026-07-29

20-day avg volume: 595 shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 66% 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₹-1 Cr₹0 Cr₹0 Cr₹-20 Cr₹0 Cr₹0 Cr₹-3 Cr₹0 Cr
Net Profit₹-1 Cr₹0 Cr₹0 Cr₹-20 Cr₹0 Cr₹-1 Cr₹-4 Cr₹0 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹3 Cr₹4 Cr₹2 Cr₹2 Cr₹2 Cr₹1 Cr₹3 Cr₹1 Cr
EBITDA₹-1 Cr₹-2 Cr₹-2 Cr₹-2 Cr₹-1 Cr₹-2 Cr₹-1 Cr₹-22 Cr
Net Profit₹-2 Cr₹-2 Cr₹-1 Cr₹-3 Cr₹-2 Cr₹-2 Cr₹-6 Cr₹-22 Cr
EPS-0.81-0.81-0.73-1.25-0.82-0.88-3.19-10.81
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹59 Cr₹55 Cr₹54 Cr₹52 Cr₹51 Cr₹50 Cr₹41 Cr₹19 Cr
Total Liabilities₹50 Cr₹47 Cr₹47 Cr₹48 Cr₹48 Cr₹49 Cr₹46 Cr₹47 Cr
Equity₹10 Cr₹8 Cr₹7 Cr₹4 Cr₹2 Cr₹1 Cr₹-6 Cr₹-28 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹2 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Free Cash Flow₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹-1 Cr
Shareholding
Promoter 70.61% Institutions 0% Public 29.39%
Efficiency & Working Capital
ROCE-34.6%
Interest Coverage-99.5
Dividend Payout—
Debtor Days28 d
Inventory Days1594 d
Payable Days464 d
Cash Conversion Cycle1158 d
Working Capital Days1622 d
Shareholding Details

As of 2026-06-30

Promoter70.6%
FII0%
DII0%
Institutions0%
Public29.4%
Promoter Pledge0%
No. of Shareholders4,574
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters70.6%70.6%70.6%70.6%70.6%70.6%70.6%70.6%70.6%70.6%70.6%70.6%
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%0%0%0%0%
Public29.3%29.3%29.3%29.3%29.3%29.3%29.3%29.4%29.4%29.4%29.4%29.4%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders4,0694,1174,3994,4494,4414,5824,5774,5894,5974,6154,6164,574
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Sfal Speciality Alloys LimitedShareholding of Promoter and Promoter Group70.6%1.44 Cr
Sushil Kumar AgarwalPublic Shareholding11.6%23,58,000
Vijay Kumar AgarwalPublic Shareholding6%12,15,030
Saket AgarwalPublic Shareholding4.3%8,73,975
Vinay AgarwalPublic Shareholding2.1%4,36,146
Karan AgarwalPublic Shareholding1.6%3,18,000
Piyush JalanShareholding of Promoter and Promoter Group0%0
Raj Rani AgarwalShareholding of Promoter and Promoter Group0%0
Bela JalanShareholding of Promoter and Promoter Group0%0
Niraj JalanShareholding of Promoter and Promoter Group0%0
Parwati Devi JalanShareholding of Promoter and Promoter Group0%0
Anupama PrakashShareholding of Promoter and Promoter Group0%0
Madhu AgarwalShareholding of Promoter and Promoter Group0%0
Ishika JalanShareholding of Promoter and Promoter Group0%0
Aarav JalanShareholding of Promoter and Promoter Group0%0
D P Jalan & Other HufShareholding of Promoter and Promoter Group0%0
Vimal PrakashShareholding of Promoter and Promoter Group0%0
Alok PrakashShareholding of Promoter and Promoter Group0%0
Bhagwati Prasad Jalan And Sons HufShareholding of Promoter and Promoter Group0%0
Kamal PrakashShareholding of Promoter and Promoter Group0%0
Niraj Jalan And Others HufShareholding of Promoter and Promoter Group0%0
Bela JalanShareholding of Promoter and Promoter Group0%0
Pankaj Jalan And Others HufShareholding of Promoter and Promoter Group0%0
Anubhuti PrakashShareholding of Promoter and Promoter Group0%0
Bhagwati Prasad JalanShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Vimal PrakashNon Executive Director2025
Niraj JalanNon Executive Director2025
Vinay Kumar AgarwalNon Executive Director2025
SUNDARESAN RADHAKRISHNANIndependent Director2025
Bindu JainIndependent Director2025
Pradip Kumar MohapatraIndependent Director2025
Bhagwati Prasad JalanNon Executive Director2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10202020
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-22Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000044
2025000033
2025000000
Insider / Designated-Person Trades

26 recent disclosure(s)

NIDHI JALANDisposal · 1,65,000
NIRAJ JALANDisposal · 7,90,000
P P SUPPLIERS AND AGENCIES PRIVATE LIMITEDDisposal · 6,67,879
Anubhuti PrakashDisposal · 3,19,250
Ambarella Cap Fin Private LimitedDisposal · 22,50,000
ADITI JALANDisposal · 2,40,000
Substantial Acquisitions (SAST)

30 disclosure(s)

Off Market24/04/2026 · 15,00,000
Off Market23/04/2026 · 2,75,000
Off Market22/04/2026 · 6,81,823
Off Market22/04/2026 · 3,00,000
Off Market22/04/2026 · 1,40,000
Off Market22/04/2026 · 75,000
Company Information
Incorporated1977
AuditorJain Saraogi & Co
Investor Email[email protected], [email protected]
🌐 www.nilachal.in ↗

📍 P/598/599 Kedarnath Apartment, Lewis Road Mahabir Nager, Bhubaneswar, Orissa, 751002

Technical AnalysisPremium

Technical analysis (Premium)

Log in to see RSI, MACD, moving averages, oscillators and pivot levels for this stock.

Log inSign up free

More stocks

Saurashtra CementShree Digvijay Cement CompanyBorosil RenewablesLerthai Finance LimitedRaasi Refractories Ltd.Triveni Glass Ltd.Balkrishna IndustriesOrient Paper & IndustriesCitadel Realty & Developers Ltd.RollatainersNath Industries LimitedVapi Enterprise LimitedAll “50” stocks →

Prices are delayed/indicative; pros & cons are AI generated. Informational only — not investment advice. ← Back to search