TipHub

37.59

-0.4 -1.05%

As of 30 Jul 2026 · delayed

NSE Listed · Ferro Alloys

ESM · ESM 1
What does ESM · ESM 1 mean?
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 · 2026-05-12
NSE · 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 · 2026-07-14

VISA Chrome Limited (VISACHROME)

Volume: 7,999Avg Vol 1W: 17,967Avg Vol 1M: 40,14152W Range:27.0573.68
Market Cap₹548 Cr
Current Price₹37.59
Previous Close₹37.99
High / Low (52w)₹73.68 / ₹27.05
Volume7,999
Avg Vol (1W)17,967
Avg Vol (1M)40,141
Stock P/E0.45
Book Value₹-10.55
Dividend Yield0%
ROE17.72%
ROA196.22%
Revenue (TTM)
Revenue Growth
Profit Margin186.98%
Total Debt
Shares Outstanding15 Cr
Face Value₹10
EPS (TTM)₹0
P/B
Debt / Equity0
50 DMA₹43.35
200 DMA₹45.27
Day change-1.05%
SurveillanceESM · ESM 1
Price Chart
37.59 4.45% · 1Y
702838.8L
2025-07-30
2026-07-30

20-day avg volume: 42K shares

Pros
  • Healthy return on equity of 17.7%.
  • Company is almost debt-free.
  • Revenue grew 18% YoY.
Cons
  • Negative book value per share.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹135 Cr₹151 Cr₹119 Cr₹162 Cr₹171 Cr₹75 Cr₹145 Cr₹171 Cr
EBITDA₹1 Cr₹-4 Cr₹-9 Cr₹-4 Cr₹12 Cr₹-12 Cr₹-7 Cr₹1 Cr
Net Profit₹-7 Cr₹-4 Cr₹-17 Cr₹-488 Cr₹4 Cr₹-20 Cr₹-17 Cr₹1,083 Cr
EPS
Profit & Loss (Annual)
MetricSept 2024Dec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹151 Cr₹119 Cr₹162 Cr₹567 Cr₹171 Cr₹75 Cr₹145 Cr₹171 Cr
EBITDA₹-4 Cr₹-9 Cr₹-4 Cr₹-16 Cr₹12 Cr₹-12 Cr₹-7 Cr₹1 Cr
Net Profit₹-4 Cr₹-17 Cr₹-488 Cr₹-517 Cr₹4 Cr₹-20 Cr₹-17 Cr₹1,083 Cr
EPS-44.61
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹3,553 Cr₹3,300 Cr₹3,065 Cr₹1,853 Cr₹1,767 Cr₹1,068 Cr₹1,032 Cr₹533 Cr
Total Liabilities₹4,346 Cr₹4,255 Cr₹4,213 Cr₹4,199 Cr₹4,201 Cr₹1,840 Cr₹1,876 Cr₹1,894 Cr
Equity₹-793 Cr₹-955 Cr₹-1,148 Cr₹-2,346 Cr₹-2,433 Cr₹-772 Cr₹-844 Cr₹-1,361 Cr
Total Debt
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹152 Cr₹82 Cr₹55 Cr₹15 Cr₹19 Cr₹23 Cr₹16 Cr₹24 Cr
Investing₹14 Cr₹16 Cr₹11 Cr₹1 Cr₹-9 Cr₹-17 Cr₹-9 Cr₹-12 Cr
Financing₹-153 Cr₹-113 Cr₹-64 Cr₹-14 Cr₹-9 Cr₹-8 Cr₹-8 Cr₹-13 Cr
Free Cash Flow₹152 Cr₹82 Cr₹55 Cr₹15 Cr₹19 Cr₹23 Cr₹16 Cr₹24 Cr
Shareholding
Promoter 62.4% Institutions 13.13% Public 24.46%
Efficiency & Working Capital
ROCE-3.4%
Interest Coverage-0.5
Dividend Payout
Debtor Days1 d
Inventory Days7 d
Payable Days23 d
Cash Conversion Cycle-14 d
Working Capital Days8 d
Shareholding Details

As of 2026-06-30

Promoter62.4%
FII13.1%
DII0%
Institutions13.1%
Public24.5%
Promoter Pledge28.7%
No. of Shareholders17,734
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Apr 2026Apr 2026Jun 2026
Promoters48.3%48.3%52.7%52.7%52.7%52.7%52.7%57.6%57.6%62.4%62.4%62.4%
FIIs17.4%17.4%13.3%13.3%13.3%13.3%13.3%11.9%11.9%10.6%10.6%13.1%
DIIs0%0%0%0%0%0.1%0%0%0%0%0%0%
Public34.3%34.3%34%34%34%33.9%34%30.4%30.4%27%27%24.5%
Promoter Pledge79.4%79.4%72.8%72.8%72.8%72.8%72.8%59.6%59.6%48.8%48.8%28.7%
No. of Shareholders19,66919,03618,49218,05417,75017,38717,18217,46317,43117,42117,42117,734
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Visa Industries LimitedShareholding of Promoter and Promoter Group44.5%6.49 Cr
Visa Infrastructure LimitedShareholding of Promoter and Promoter Group17.9%2.61 Cr
Assets Care And Reconstruction Enterprise LimitedPublic Shareholding12.9%1.88 Cr
Vikasa India Eif I FundPublic Shareholding7.4%1.08 Cr
Baosteel Resources Co. Ltd.Public Shareholding4%57,89,500
Ayushmat LtdPublic Shareholding3.2%46,59,550
Eriska Investment Fund LtdPublic Shareholding2.5%36,44,000
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Visa Infrastructure Limited2.61 Cr100%2026-06-30
Board of Directors
NameDesignationYear
Vishambhar SaranChairman & Wholetime Director2025
Vishal AgarwalVC / ED / MD / Deputy CEO / Promoter2025
Manoj KumarWhole-time Director2025
RITU BAJAJIndependent Non Exe. Director2025
BISWAJIT CHONGDARIndependent Non Exe. Director2025
Dhanesh RanjanIndependent Non Exe. Director2025
Amisha ChaturvediCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Special Steel₹790 Cr48.4%
Ferro Chrome₹842 Cr51.6%
Segments — Geography
RegionRevenueShare
India₹1,600 Cr98.1%
Outside India₹31 Cr1.9%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10252116116
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20250004596600
20250000467467
2025000496101
Insider / Designated-Person Trades

3 recent disclosure(s)

VISA Industries LimitedAcquisition · 50,90,000
VSIA Industries LimitedAcquisition · 35,20,187
VISA Industries LimitedAcquisition · 57,80,000
Substantial Acquisitions (SAST)

4 disclosure(s)

Transfer13/05/2026 · 4,43,87,167
Transfer13/05/2026 · 4,43,87,167
Creation Of Pledge07/05/2026 ·
Preferential Issue22/12/2025 · 1,35,00,000
Company Information
Incorporated1996
ChairmanVishambhar Saran
AuditorSinghi & Co
Investor Email[email protected]
🌐 www.visasteel.com

📍 Visa House 11 Ekamra Kannan, Nayapalli, Bhubaneswar, Orissa, 751015

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