Stock Performance and Market Context
On 5 Feb 2026, Elcid Investments Ltd’s share price declined to Rs.113000, underperforming its sector by 0.7%. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained downward pressure. This contrasts with the broader market, where the Sensex opened flat but later fell by 395.44 points, closing at 83,362.10, down 0.54%. Despite this, the Sensex remains only 3.36% below its 52-week high of 86,159.02, suggesting relative resilience in the benchmark index.
Elcid Investments Ltd’s one-year performance starkly contrasts with the market’s positive trend. While the Sensex and BSE500 indices have generated returns of 6.51% and 6.98% respectively over the past year, Elcid Investments has recorded a negative return of -26.09%. The stock’s 52-week high was Rs.160119, highlighting the extent of the recent decline.
Fundamental Assessment and Valuation Metrics
The company’s fundamental profile remains subdued, reflected in a Mojo Score of 26.0 and a Mojo Grade of Strong Sell as of 13 Nov 2025. This rating marks a downgrade from a previously ungraded status, underscoring concerns about the company’s long-term prospects. The Market Cap Grade stands at 3, indicating a modest market capitalisation relative to peers.
Elcid Investments Ltd’s average Return on Equity (ROE) is 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 reflecting slow growth. Despite the company’s size, domestic mutual funds hold no stake in Elcid Investments, which may indicate a lack of confidence or interest from institutional investors who typically conduct thorough research before investing.
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Quarterly Financial Highlights
Despite the overall negative trend, Elcid Investments Ltd 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 over the same period.
However, these quarterly improvements have not translated into sustained stock price gains. The company’s ROE for the quarter was 1.2%, and it trades at a Price to Book Value ratio of 0.2, which is considered fair but indicates limited market valuation relative to its book value. Notably, the stock is trading at a premium compared to the average historical valuations of its peers, despite the recent decline in profits by 30.9% over the past year.
Comparative Market Performance and Investor Sentiment
Elcid Investments Ltd’s underperformance relative to the broader market and its sector peers is evident. While the BSE500 index has delivered positive returns over the last year, Elcid’s negative return of -26.09% highlights the challenges faced by the company. The absence of domestic mutual fund holdings further emphasises a cautious stance among institutional investors, who often act as a barometer of confidence in a company’s prospects.
The stock’s decline after four consecutive days of gains suggests a shift in market sentiment, possibly influenced by the broader market’s negative movement and the company’s fundamental metrics. The fact that the stock is trading below all major moving averages reinforces the technical weakness currently observed.
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Summary of Key Metrics
To summarise, Elcid Investments Ltd’s current stock price of Rs.113000 represents a 52-week low, down from a high of Rs.160119. The company’s Mojo Grade of Strong Sell reflects concerns about its weak long-term fundamentals, including a low ROE of 1.12% and modest growth rates in net sales and operating profit. The stock’s underperformance relative to the Sensex and BSE500 indices, combined with the lack of domestic mutual fund participation, highlights the challenges faced by the company in attracting investor confidence.
While quarterly results showed notable growth in sales and profits in December 2025, these have not yet influenced the stock’s broader trend, which remains subdued and below key technical levels. The valuation metrics suggest a fair price-to-book ratio but a premium relative to peers, which may be a factor in the stock’s recent price movements.
Overall, Elcid Investments Ltd’s fall to its 52-week low is a reflection of both market dynamics and company-specific financial indicators, underscoring the importance of monitoring fundamental and technical factors in assessing stock performance.
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