Ashnoor Textile Mills Ltd Stock Falls to 52-Week Low of Rs.39

Stock Price Movement and Market Context

On 2 Feb 2026, Ashnoor Textile Mills Ltd opened with a gap down of -3.08%, signalling a cautious start to the trading day. Despite an intraday high of Rs.42.99, the stock ultimately declined to Rs.39, representing a -6.09% drop from its previous close. This new 52-week low price is a notable milestone, underscoring the stock’s downward trajectory over the past year.

The stock outperformed its sector on the day by 4.52%, yet it remains well below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating sustained weakness relative to its historical trading levels. It currently trades above its 5-day moving average, but this short-term uptick has not reversed the broader downtrend.

In comparison, the Sensex opened lower by 167.26 points and traded at 80,551.29, down 0.21%. The index itself is below its 50-day moving average, though the 50DMA remains above the 200DMA, suggesting mixed signals in the broader market environment. Notably, other indices such as the S&P BSE FMCG and NIFTY FMCG also hit new 52-week lows today, reflecting sector-wide pressures.

Financial Performance and Growth Trends

Ashnoor Textile Mills Ltd’s financial results have shown a decline in recent quarters, contributing to the stock’s subdued performance. The company reported net sales of Rs.29.45 crores in the September 2025 quarter, down by 30.1% compared to the average of the previous four quarters. Profit after tax (PAT) also fell sharply by 54.6% to Rs.1.81 crores in the same period.

Profit before tax excluding other income (PBT less OI) reached a low of Rs.2.28 crores, highlighting the pressure on core earnings. These figures reflect a contraction in both top-line and bottom-line metrics, which have weighed on investor sentiment and contributed to the stock’s decline.

Over the last five years, the company has recorded a compound annual growth rate (CAGR) of 8.84% in net sales, which is modest within the Garments & Apparels sector. The stock’s one-year return stands at -26.51%, significantly underperforming the Sensex’s 3.93% gain over the same period. Furthermore, Ashnoor Textile Mills Ltd has lagged behind the BSE500 index over the last three years, one year, and three months, indicating below-par performance on multiple time horizons.

Valuation and Shareholding Structure

Despite the recent price decline, the stock maintains a price-to-book value of 0.7, suggesting it is trading at a discount relative to its book value. The return on equity (ROE) stands at 11.8%, which is a positive indicator of the company’s ability to generate profits from shareholders’ equity, albeit within a challenging environment.

The valuation discount is also evident when compared to peers’ average historical valuations, positioning Ashnoor Textile Mills Ltd as attractively priced on a relative basis. The majority shareholding is held by promoters, which typically implies a stable ownership structure.

Summary of Key Metrics

The company’s Mojo Score currently stands at 17.0, with a Mojo Grade of Strong Sell, upgraded from Sell on 11 Nov 2025. This reflects a deteriorated outlook based on a comprehensive assessment of fundamentals, momentum, and valuation. The market capitalisation grade is 4, indicating a micro-cap status within the Garments & Apparels sector.

Price-wise, the stock’s 52-week high was Rs.62, illustrating a significant decline of over 37% to the current 52-week low of Rs.39. The stock’s day range today was between Rs.39 and Rs.42.99, with the closing price at the lower end of this spectrum.

Profitability trends over the past year have been negative, with profits falling by 26.4%, closely mirroring the stock’s price decline. This correlation underscores the impact of earnings contraction on market valuation.

Sector and Market Environment

The Garments & Apparels sector has faced headwinds recently, as reflected by the 52-week lows hit by sector indices such as S&P BSE FMCG and NIFTY FMCG. While Ashnoor Textile Mills Ltd outperformed its sector on the day by 4.52%, the broader market sentiment remains cautious.

The Sensex’s subdued performance and its position below the 50-day moving average further highlight the challenging environment for stocks in this space. Ashnoor Textile Mills Ltd’s relative underperformance compared to the Sensex and BSE500 indices over multiple time frames emphasises the stock’s ongoing struggles.

Technical Indicators

From a technical perspective, the stock’s position below key moving averages such as the 20-day, 50-day, 100-day, and 200-day averages signals a bearish trend. The short-term movement above the 5-day moving average has not been sufficient to reverse the overall downtrend. The gap down opening and intraday volatility further indicate investor caution and price pressure.

Conclusion

Ashnoor Textile Mills Ltd’s fall to a new 52-week low of Rs.39 reflects a combination of subdued financial results, modest long-term growth, and a challenging sector environment. While the stock trades at a valuation discount and maintains a reasonable ROE, the recent declines in sales and profits have weighed heavily on its market performance. The company’s underperformance relative to broader indices and peers highlights the difficulties it faces in regaining momentum.

Investors and market participants will continue to monitor the stock’s price action and financial metrics closely as it navigates this period of weakness within the Garments & Apparels sector.

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