Ester Industries Stock Plummets to New 52-Week Low at Rs.100

Ester Industries, a microcap player in the packaging industry, has reached a new 52-week low of Rs.100 today, marking a significant downturn in its stock performance. This decline comes amid a broader market context where the Sensex is trading positively, currently at 84,729.71, just 0.66% shy of its 52-week high.
Despite today's performance, which saw Ester Industries outperform its sector by 1.52%, the stock has struggled over the past year, reflecting a -26.49% return. The company's long-term fundamentals appear weak, highlighted by a -19.29% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 4.43 times, indicating challenges in servicing its debt.

Ester Industries has also reported flat results for the quarter ending June 25, with a significant drop in both profit before tax and profit after tax compared to previous quarters. The stock's performance has been below par, underperforming the BSE500 index over various time frames. With a return on equity averaging 7.89%, the company shows low profitability per unit of shareholder funds, further contributing to its current market position.