Recent Price Movement and Market Context
On 24 Feb 2026, Elcid Investments Ltd’s stock price touched Rs.109000, its lowest level in the past year. This decline comes after a continuous five-day losing streak, during which the stock has fallen by approximately 3.5%. The day’s performance was in line with the holding company sector, which has also experienced pressure amid a broader market downturn.
The Sensex opened 242.12 points lower and closed down by 524.23 points at 82,528.31, a 0.92% decline. Despite this, the Sensex remains 4.4% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day moving average, indicating mixed technical signals for the broader market.
Technical Indicators for Elcid Investments Ltd
Elcid Investments is currently trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling sustained downward momentum. This technical positioning reflects the stock’s ongoing weakness relative to its historical price levels and market benchmarks.
The stock’s 52-week high was Rs.146639, highlighting a substantial decline of nearly 26% from that peak. Over the past year, Elcid Investments has underperformed the Sensex significantly, delivering a negative return of -23.24% compared to the Sensex’s positive 10.84% gain.
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Fundamental Performance and Valuation Metrics
Elcid Investments Ltd’s fundamental profile remains subdued, reflected in its MarketsMOJO Mojo Score of 26.0 and a Mojo Grade of Strong Sell, assigned on 13 Nov 2025. This rating indicates weak long-term fundamentals and limited growth prospects relative to peers.
The company’s average Return on Equity (ROE) stands at a modest 1.12%, signalling limited profitability relative to shareholder equity. Net sales have grown at an annual rate of 6.83%, while operating profit has increased by 6.55% annually, both figures indicating slow but steady growth.
Despite its size, Elcid Investments has no holdings by domestic mutual funds, which often conduct detailed research and due diligence. This absence may reflect a cautious stance by institutional investors regarding the company’s valuation or business outlook.
Quarterly Financial Highlights
The company reported positive quarterly results in December 2025, following flat results in September 2025. Net sales for the quarter stood at Rs.61.74 crores, representing an 81.7% increase compared to the average of the previous four quarters. Profit before tax excluding other income (PBT less OI) rose by 128.3% to Rs.60.22 crores, while profit after tax (PAT) surged by 149.6% to Rs.47.38 crores.
Despite these quarterly improvements, the company’s ROE remains low at 1.2%, and it trades at a price-to-book value of 0.2, suggesting a fair valuation relative to its book value. However, the stock is priced at a premium compared to the average historical valuations of its peers.
Over the past year, while the stock’s price has declined by 23.24%, the company’s profits have fallen by 30.9%, indicating a disconnect between earnings performance and share price movement.
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Market Capitalisation and Sector Comparison
Elcid Investments holds a Market Cap Grade of 3, reflecting its mid-tier market capitalisation within the holding company sector. The stock’s performance has lagged behind the broader BSE500 index, which has delivered a 13.57% return over the last year, underscoring the stock’s relative underperformance.
The holding company sector itself has faced headwinds, with many constituents experiencing pressure from macroeconomic factors and sector-specific dynamics. Elcid Investments’ trading below all key moving averages further emphasises the current bearish sentiment surrounding the stock.
Summary of Key Metrics
To summarise, Elcid Investments Ltd’s stock has declined to Rs.109000, its 52-week low, following a series of price drops and underwhelming annual returns of -23.24%. The company’s fundamental indicators, including a low ROE and modest sales growth, contribute to its Strong Sell Mojo Grade. Quarterly results showed some improvement in sales and profits, but these have not translated into sustained share price strength.
Trading below all major moving averages and lacking institutional mutual fund interest, the stock remains under pressure amid a broader market environment that is itself facing volatility. While the Sensex has declined recently, it remains significantly above its lows, contrasting with Elcid Investments’ persistent downward trend.
Conclusion
Elcid Investments Ltd’s fall to its 52-week low reflects a combination of subdued financial performance, limited institutional backing, and technical weakness. The stock’s valuation metrics and recent quarterly results provide a nuanced picture of the company’s current standing within the holding company sector.
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