Ellenbarrie Industrial Gases Ltd Falls to 52-Week Low of Rs.317.45

Stock Performance and Market Context

On 7 Jan 2026, Ellenbarrie Industrial Gases Ltd (Stock ID: 636184) recorded a new 52-week low price of Rs.317.45. This decline comes after three consecutive days of losses, during which the stock has fallen by 6.45%. The stock underperformed its sector by 0.87% on the day, reflecting a subdued investor sentiment relative to other companies in the Other Chemical products industry.

Technical indicators show the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This broad weakness across multiple timeframes suggests sustained downward momentum.

In contrast, the broader market has shown resilience. The Sensex opened lower at 84,620.40, down 442.94 points (-0.52%), but recovered slightly to trade at 84,992.60 (-0.08%) during the session. The Sensex remains close to its 52-week high of 86,159.02, just 1.37% away, supported by bullish moving averages with the 50-day DMA above the 200-day DMA. Mid-cap stocks led gains with the BSE Mid Cap index rising 0.29%.

Valuation and Financial Metrics

Despite the recent price decline, Ellenbarrie Industrial Gases Ltd’s valuation remains elevated. The company carries a Price to Book Value ratio of 4.9, which is considered expensive relative to its sector peers. The return on equity (ROE) stands at 9%, indicating moderate profitability but not sufficient to justify the high valuation in the current market environment.

Over the past year, the stock has delivered a flat return of 0.00%, significantly lagging the Sensex’s 8.70% gain. However, the company’s profits have shown robust growth, rising by 84% over the same period. This divergence between profit growth and stock price performance highlights a disconnect that may be influenced by market sentiment and valuation concerns.

Profitability and Debt Servicing

Ellenbarrie Industrial Gases Ltd demonstrates a strong ability to service its debt, with a Debt to EBITDA ratio of 1.00 times, indicating manageable leverage levels. The company’s operating profit has grown at an impressive annual rate of 72.77%, underscoring healthy long-term growth in core earnings.

Quarterly financials reveal operating profit to interest coverage at a high of 31.58 times, reflecting comfortable interest servicing capacity. Profit before tax excluding other income reached Rs.27.35 crores, while profit after tax (PAT) hit Rs.36.72 crores, both representing peak quarterly figures for the company.

Institutional Investor Activity

Institutional investors have increased their stake in Ellenbarrie Industrial Gases Ltd by 3.03% over the previous quarter, now collectively holding 15.58% of the company’s shares. This rise in institutional participation suggests a degree of confidence in the company’s fundamentals from investors with greater analytical resources and longer-term perspectives.

Mojo Score and Rating Update

The company’s Mojo Score currently stands at 43.0, with a Mojo Grade of Sell as of 22 Dec 2025, downgraded from a previous Hold rating. The Market Cap Grade is 3, reflecting a mid-tier market capitalisation relative to peers. The downgrade reflects concerns over valuation and recent price weakness despite underlying profit growth.

Comparative Price Analysis

The stock’s 52-week high was Rs.637, nearly double the current price level, indicating a significant retracement over the past year. The sustained decline to Rs.317.45 highlights the challenges faced by the stock in maintaining investor confidence amid valuation concerns and broader market dynamics.

Trading below all major moving averages further emphasises the prevailing bearish trend. This technical positioning may influence short-term price action and investor behaviour.

Sector and Market Position

Operating within the Other Chemical products sector, Ellenbarrie Industrial Gases Ltd faces competition and market pressures that have contributed to its recent price movements. While the broader market indices, including the Sensex and mid-cap segments, have shown relative strength, the company’s stock has not mirrored this trend, reflecting sector-specific factors and company-level valuation considerations.

Summary of Key Financial Indicators

To summarise, Ellenbarrie Industrial Gases Ltd exhibits the following financial characteristics:

• Return on Equity (ROE): 9%


• Price to Book Value: 4.9 times


• Debt to EBITDA Ratio: 1.00 times


• Operating Profit Growth Rate: 72.77% annually


• Operating Profit to Interest Coverage: 31.58 times (quarterly)


• Profit Before Tax (excluding other income): Rs.27.35 crores (quarterly)


• Profit After Tax (PAT): Rs.36.72 crores (quarterly)


• Institutional Holding: 15.58%, increased by 3.03% over last quarter

These metrics indicate a company with solid profit growth and debt management, yet facing valuation pressures and a declining stock price.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →