Elegant Marbles and Grani Industries Ltd Falls to 52-Week Low of Rs.196.8

Stock Performance and Market Context

On 9 Jan 2026, Elegant Marbles and Grani Industries Ltd (Stock ID: 876809), operating within the diversified consumer products sector, recorded an intraday low of Rs.196.8, representing a 3.15% drop from the previous close. This new 52-week low underscores a continuing downward trend, with the stock having declined for three consecutive sessions, cumulatively losing 1.54% over this period. The day’s overall change was a negative 0.71%, underperforming its sector by 0.58%.

The stock currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum. This contrasts with the broader market, where the Sensex opened 158.87 points lower and was trading at 83,947.09, down 0.28%. Notably, the Sensex remains within 2.63% of its 52-week high of 86,159.02, reflecting relative resilience compared to Elegant Marbles’ performance.

Long-Term Performance and Valuation Metrics

Over the past year, Elegant Marbles and Grani Industries Ltd has delivered a total return of -27.17%, markedly underperforming the Sensex’s positive 8.13% return and the BSE500’s 6.83% gain. This divergence highlights the stock’s challenges in maintaining investor confidence and market relevance.

From a valuation standpoint, the company exhibits a Price to Book Value ratio of 0.4, which is considered fair but indicates a premium relative to its peers’ historical averages. The Return on Equity (ROE) stands at a modest 2.3%, reflecting limited profitability relative to shareholder equity. This low ROE is consistent with the company’s weak long-term fundamental strength, as evidenced by an average ROE of 2.70% over recent years.

Profitability and Earnings Trends

The company’s profitability has shown signs of contraction, with operating profit growing at an annualised rate of 19.68% over the last five years, a figure that, while positive, has not translated into robust bottom-line growth. The latest six-month period ending September 2025 revealed a decline in Profit After Tax (PAT) to Rs.2.32 crore, representing a negative growth rate of 37.80%. This decline in earnings has contributed to the stock’s subdued market performance.

Furthermore, over the past year, profits have fallen by 36.7%, a significant contraction that has weighed on investor sentiment and valuation multiples. Despite the company’s efforts, these financial metrics have not been sufficient to offset the broader market pressures and sectoral headwinds.

Shareholding and Market Capitalisation

Promoters remain the majority shareholders of Elegant Marbles and Grani Industries Ltd, maintaining control over strategic decisions. The company’s market capitalisation grade is rated at 4, indicating a relatively modest market cap within its sector. This positioning, combined with the stock’s current valuation and performance metrics, reflects the challenges faced in attracting broader market participation.

Sector and Peer Comparison

Within the diversified consumer products sector, Elegant Marbles and Grani Industries Ltd’s performance has lagged behind peers, both in terms of price appreciation and earnings growth. The stock’s 52-week high of Rs.297, reached within the last year, contrasts sharply with the current level of Rs.196.8, underscoring the extent of the decline. This 33.7% drop from the peak highlights the volatility and challenges faced by the company in maintaining market valuation.

Comparatively, the Sensex and broader market indices have demonstrated resilience, with the Sensex trading above its 200-day moving average and only slightly below its 50-day moving average. This divergence suggests that the stock’s decline is more closely linked to company-specific factors rather than broad market weakness.

Mojo Score and Analyst Ratings

Elegant Marbles and Grani Industries Ltd currently holds a Mojo Score of 20.0, categorised as a Strong Sell. This rating was upgraded from Sell to Strong Sell on 11 Feb 2025, reflecting deteriorating fundamentals and market performance. The Mojo Grade aligns with the company’s weak long-term growth prospects and subdued profitability metrics.

The downgrade in rating underscores the challenges faced by the company in reversing its downward trajectory, with the stock’s valuation and earnings trends continuing to exert downward pressure.

Summary of Key Financial Indicators

To summarise, the stock’s recent 52-week low of Rs.196.8 is a culmination of several factors:

• One-year total return of -27.17%, significantly underperforming the Sensex and BSE500 indices.


• Declining profitability with a 36.7% fall in profits over the past year and a negative PAT growth of 37.80% in the latest six months.


• Low average Return on Equity of 2.70%, indicating limited efficiency in generating shareholder returns.


• Trading below all major moving averages, signalling sustained bearish momentum.


• Market capitalisation grade of 4, reflecting modest size within the sector.

These factors collectively explain the stock’s recent price movements and its position at a new 52-week low.

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