Key Events This Week
2 Feb: Stock opens flat at Rs.0.43 amid weak Sensex start
3 Feb: Stock gains 4.65% on increased volume
4 Feb: Sharp 8.89% rally as volume surges
5 Feb: Quarterly results reveal flat performance; stock plunges 12.24%
6 Feb: Valuation downgrade triggers cautious sentiment; stock closes flat
2 February 2026: Flat Start Amid Market Weakness
Harshil Agrotech began the week steady at Rs.0.43, with no change from the previous Friday’s close. This stability came despite a 1.03% decline in the Sensex, which closed at 35,814.09. The stock’s volume was moderate at 4.48 million shares, indicating subdued investor interest amid broader market weakness.
3 February 2026: Early Week Uptick on Rising Volume
The stock gained 4.65% to close at Rs.0.45, supported by a notable increase in volume to 7.01 million shares. This rise contrasted with the Sensex’s strong 2.63% rally to 36,755.96, suggesting some selective buying interest in the stock. The modest price appreciation reflected cautious optimism ahead of the company’s quarterly results.
4 February 2026: Momentum Builds with 8.89% Surge
Harshil Agrotech’s shares surged 8.89% to Rs.0.49 on heavy volume of 13.46 million shares, marking the week’s high. The Sensex also advanced 0.37% to 36,890.21. This rally appeared driven by speculative buying and anticipation of positive news, although no fundamental updates were released that day. The stock’s intraday strength, however, was short-lived.
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5 February 2026: Quarterly Results Trigger Sharp Decline
The company reported a flat quarterly performance with lingering profitability challenges, which weighed heavily on investor sentiment. Harshil Agrotech’s stock plummeted 12.24% to close at Rs.0.43 on record volume of 25.95 million shares. The results revealed a loss of ₹5.36 crores in PAT, a 357.7% decline compared to the previous four quarters’ average, and a negative PBDIT of ₹-5.35 crores. Return on capital employed dropped to 7.07%, well below sector norms.
This disappointing financial update contrasted sharply with the Sensex’s 0.53% decline to 36,695.11, highlighting the stock’s underperformance amid broader market weakness. The company’s stock remains near its 52-week low of Rs.0.40, underscoring persistent investor scepticism.
6 February 2026: Valuation Reassessment Dampens Recovery Hopes
Following the earnings release, Harshil Agrotech faced a valuation downgrade to a Strong Sell rating, reflecting deteriorating financial metrics. The stock closed flat at Rs.0.43 on lower volume of 3.5 million shares, while the Sensex inched up 0.10% to 36,730.20. Key valuation ratios such as P/E and EV/EBITDA plunged into negative territory at -15.93 and -17.38 respectively, signalling elevated risk and loss-making status.
Comparisons with peers revealed a stark contrast, with competitors maintaining positive and attractive multiples. The company’s price-to-book value remained low at 0.34, consistent with depressed market sentiment. Return on equity was negative at -2.12%, further confirming operational and profitability challenges.
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Daily Price Comparison: Harshil Agrotech Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.0.43 | +0.00% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.0.45 | +4.65% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.0.49 | +8.89% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.0.43 | -12.24% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.0.43 | +0.00% | 36,730.20 | +0.10% |
Key Takeaways
Harshil Agrotech’s week was characterised by a volatile price trajectory culminating in a flat close at Rs.0.43, underperforming the Sensex’s 1.51% weekly gain. The sharp midweek rally was reversed by disappointing quarterly results that highlighted persistent losses and margin pressures. The company’s negative P/E and EV/EBITDA ratios, alongside a Strong Sell Mojo Grade, underscore elevated risk and weak fundamentals.
Operationally, while debtor turnover improved, profitability metrics such as PAT and PBDIT remain deeply negative, signalling ongoing challenges in cost control and margin expansion. The valuation reassessment further dampened investor sentiment, with the stock trading near its 52-week low and showing no signs of immediate recovery.
Comparisons with industry peers reveal a significant valuation and performance gap, emphasising the need for strategic turnaround initiatives. The stock’s high volatility and subdued returns over multiple time horizons suggest that caution remains warranted for investors.
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