TipHub

₹50

▼ -2.15 -4.12%

As of 13 Nov 2026 · delayed

NSE Listed · Infrastructure Developers & Operators

ESM · ESM 1
What does ESM · ESM 1 mean?
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 · 2026-11-10

Giriraj Civil Developers Ltd. (GIRIRAJ)

Volume: 2,500Avg Vol 1W: 3,250Avg Vol 1M: 7,68252W Range:₹37.1₹280
NSE BSE www.giriraj.co AI Report
Key Ratios
Checked just now
Market Cap₹120 Cr
Current Price₹50
Previous Close₹52.15
High / Low (52w)₹280 / ₹37.1
Volume2,500
Avg Vol (1W)3,250
Avg Vol (1M)7,682
Stock P/E7.92
Book Value₹61.13
Dividend Yield0%
ROE10.32%
ROA187.05%
Revenue (TTM)—
Revenue Growth80.29%
Profit Margin383.39%
Total Debt₹0 Cr
Shares Outstanding2 Cr
Face Value—
EPS (TTM)₹6.31
P/B0.82
Debt / Equity0.18
50 DMA₹60.45
200 DMA₹120.13
Day change-4.12%
SurveillanceESM · ESM 1
Price Chart
₹50▼ 60.03% · 1Y
₹285₹398.8L
2025-11-14
2026-11-13

20-day avg volume: 8K shares

Pros
  • Company is almost debt-free.
  • Stock trades below its book value.
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹25 Cr₹64 Cr₹84 Cr₹127 Cr₹176 Cr₹318 Cr₹311 Cr
EBITDA₹4 Cr₹6 Cr₹7 Cr₹9 Cr₹16 Cr₹28 Cr₹24 Cr
Net Profit₹1 Cr₹3 Cr₹4 Cr₹5 Cr₹10 Cr₹18 Cr₹15 Cr
EPS3.198.2311.6911.144.237.486.31
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹57 Cr₹76 Cr₹84 Cr₹117 Cr₹178 Cr₹304 Cr₹251 Cr
Total Liabilities₹31 Cr₹47 Cr₹50 Cr₹57 Cr₹65 Cr₹173 Cr₹105 Cr
Equity₹27 Cr₹30 Cr₹34 Cr₹60 Cr₹113 Cr₹131 Cr₹146 Cr
Total Debt₹0 Cr₹0 Cr₹0 Cr————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹29 Cr₹-5 Cr₹1 Cr₹-32 Cr₹0 Cr₹-8 Cr
Investing₹-24 Cr₹4 Cr₹-8 Cr₹0 Cr₹2 Cr₹8 Cr
Financing₹-4 Cr₹2 Cr₹23 Cr₹30 Cr₹4 Cr₹1 Cr
Free Cash Flow₹29 Cr₹-5 Cr₹1 Cr₹-32 Cr₹0 Cr₹-8 Cr
Shareholding
Promoter 54.96% Institutions 0% Public 45.04%
Efficiency & Working Capital
ROCE13.9%
Interest Coverage6.8
Dividend Payout—
Debtor Days87 d
Inventory Days66 d
Payable Days69 d
Cash Conversion Cycle84 d
Working Capital Days153 d
Shareholding Details

As of 2026-09-30

Promoter55%
FII0%
DII0%
Institutions0%
Public45%
Promoter Pledge2.2%
No. of Shareholders601
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodJan 2023Jan 2023Mar 2023Sept 2023Oct 2023Oct 2023Mar 2024Sept 2024Mar 2025Sept 2025Mar 2026Sept 2026
Promoters55.5%55.5%55.5%55.5%51.1%51.1%51.1%51.1%51.1%51.1%55%55%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public44.5%44.5%44.5%44.5%48.9%48.9%48.9%48.9%48.9%48.9%45%45%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%2.2%2.2%
No. of Shareholders727272919494161311405457487601
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Krushang Mahesh Shah .Shareholding of Promoter and Promoter Group41.4%99,13,500
Tanuja Narendra AgrawalPublic Shareholding16.7%40,00,000
Wisdom Packaging Private LimitedPublic Shareholding6.8%16,18,000
Mahesh Kantilal Shah .Shareholding of Promoter and Promoter Group5.5%13,19,000
Narendra Bankeybihari AgarwalPublic Shareholding5.2%12,30,750
Mamta Mahesh Shah .Shareholding of Promoter and Promoter Group4%9,62,000
Mahesh Kantilal Shah .Shareholding of Promoter and Promoter Group3.8%9,00,000
Snehal Shripal ShahPublic Shareholding2.1%5,04,000
Jitendra Raichand MehtaPublic Shareholding1.8%4,27,000
Prasham Nitin Shah .Public Shareholding1.8%4,19,750
Narendra Singh Kesarsingh KachhawahPublic Shareholding1.4%3,40,750
Raichand Genmal MehtaPublic Shareholding1%2,45,000
Reshal Prasham Shah .Shareholding of Promoter and Promoter Group0.2%51,250
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Mahesh Kantilal Shah .2,83,88131.5%2026-09-30
Board of Directors
NameDesignationYear
Krushang Mahesh ShahChairman & Managing Director2022
Mamta Prasad ChaojiCompany Secretary2022
Radhakrishnan PillaiIndependent Director2022
Prasham ShahExecutive Director2022
Tina DassIndependent Director2022
Segments — Product
SegmentRevenueShare
Contract Receipt₹33 Cr78.8%
Goods₹9 Cr21.2%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10302424
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025064015100181
20250260125595
2025000102
Company Information
Incorporated2005
ChairmanKrushang Mahesh Shah
AuditorAIMV & Associates
Investor Email[email protected]
🌐 www.giriraj.co ↗

📍 Off No 006/A Wing Ground Floor, Western Edge-2 Borivali (East), Mumbai, Maharashtra, 400066

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