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 as the company has struggled with a one-year performance drop of 26.49%, contrasting sharply with the Sensex's positive return of 9.22% over the same period.
Despite today's performance, where Ester Industries outperformed its sector by 1.52%, it continues to trade below its moving averages across various timeframes, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock's 52-week high stands at Rs.174.9, highlighting the extent of its recent decline.

Financial metrics reveal underlying challenges, including a high Debt to EBITDA ratio of 4.43 times, indicating potential difficulties in servicing debt. The company's Return on Equity averages at 7.89%, suggesting limited profitability relative to shareholder funds. Additionally, the recent quarterly results showed a significant drop in profit before tax and profit after tax, further emphasizing the company's current struggles.