Haryana Capfin Ltd Falls 3.43% Amid Volatility: 2 Key Valuation Shifts This Week

09 February 2026: Sharp Decline to 52-Week Low Amid Market Volatility

Haryana Capfin Ltd’s stock experienced a turbulent session on 09 February 2026, plunging to a new 52-week low of Rs.137. The day began with optimism as the stock opened with an intraday high of Rs.162.95, a 4.42% gain from the previous close. However, this momentum reversed sharply, with the price falling 12.21% intraday to the low of Rs.137, closing at that level. This represented a significant underperformance relative to the broader market, as the Sensex gained 1.04% to close at 37,113.23.

The stock’s intraday volatility was notably high at 8.65%, reflecting unsettled trading conditions. This decline followed a four-day rally, signalling a reversal in short-term trend dynamics. Haryana Capfin’s price closed below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained downward pressure. The stock underperformed its NBFC peers by 6.9% on the day, highlighting company-specific challenges amid a resilient market backdrop.

Over the past year, the stock has declined 23.21%, contrasting sharply with the Sensex’s 7.88% gain. The 52-week high of Rs.232.95 underscores the steep decline of approximately 41% to the current low, emphasising the stock’s volatility and weakening trend.

10 February 2026: Valuation Turns Very Attractive Despite Price Pressure

On 10 February, Haryana Capfin Ltd’s stock rebounded modestly to Rs.143.95, a 5.07% gain from the previous day’s close, though still near its 52-week low. The trading volume was thin at 805 shares, reflecting cautious investor participation. Despite the price pressure, the company’s valuation metrics improved significantly, with its price-to-earnings (P/E) ratio dropping to 15.27 and price-to-book value (P/BV) ratio falling to 0.25. This led to an upgrade in its valuation grade from "attractive" to "very attractive".

Compared to peers such as Mufin Green (P/E 106.65) and Ashika Credit (P/E 170.16), Haryana Capfin’s valuation appears compelling. Other multiples like EV to EBIT and EV to EBITDA stood at 11.51, while EV to capital employed was 0.25, reinforcing the undervaluation thesis. However, the company’s return on capital employed (ROCE) and return on equity (ROE) remain modest at 2.16% and 1.63% respectively, below sector averages.

Despite a strong 10-year cumulative return of 653.66%, recent performance has been disappointing with a 1-year return of -24.24% and a year-to-date decline of 14.80%. The downgrade to a Mojo Grade of Strong Sell from Sell as of 15 December 2025 reflects ongoing concerns about earnings quality and growth sustainability.

11-13 February 2026: Consolidation and Continued Pressure

From 11 to 13 February, Haryana Capfin’s stock showed limited movement, closing at Rs.151.60 (+0.23%) on 11 February, Rs.150.90 (-0.46%) on 12 February, and Rs.150.70 (-0.13%) on 13 February. Trading volumes remained subdued, with 1,762 shares on 11 February, 147 on 12 February, and 229 on 13 February, indicating low liquidity and cautious investor sentiment.

During this period, the Sensex declined steadily, falling 0.56% on 12 February and 1.40% on 13 February, closing at 36,532.48. Haryana Capfin’s relative performance was mixed, with a slight outperformance on 11 February but underperformance on the last two days. The stock’s price remained below key moving averages, maintaining a bearish technical stance.

The week closed with Haryana Capfin down 3.43% from Rs.156.05 to Rs.150.70, underperforming the Sensex’s 0.54% decline. This underperformance reflects ongoing market concerns about the company’s fundamentals amid sector headwinds.

Daily Price Performance Compared to Sensex

Key Takeaways

Positive Signals: Haryana Capfin Ltd’s valuation metrics have improved markedly, with a P/E ratio of 15.27 and a P/BV ratio of 0.25, positioning the stock as very attractively valued relative to peers. The company’s long-term 10-year cumulative return of 653.66% significantly outpaces the Sensex, indicating historical resilience despite recent setbacks.

Cautionary Signals: The stock’s recent price action has been weak, with a new 52-week low of Rs.137 and a weekly decline of 3.43%, underperforming the Sensex by 2.89%. Profitability metrics remain subdued, with ROE and ROCE below sector averages. The downgrade to a Strong Sell Mojo Grade reflects ongoing concerns about earnings quality, asset quality, and growth sustainability. Low trading volumes and the company’s mid-tier market capitalisation grade suggest potential liquidity constraints and volatility risks.

Sector headwinds, including tightening credit conditions and regulatory scrutiny, continue to weigh on the NBFC space, impacting investor sentiment and valuation multiples. Haryana Capfin’s divergence from broader market trends highlights company-specific challenges amid these pressures.

Conclusion

Haryana Capfin Ltd’s week was characterised by significant volatility and a notable valuation shift. While the stock’s very attractive valuation metrics may appeal to value-oriented investors, the persistent weakness in price performance and fundamental profitability metrics warrant caution. The stock’s underperformance relative to the Sensex and the Strong Sell rating underscore the challenges facing the company and the NBFC sector at large.

Investors should carefully weigh the balance between potential value opportunities and the risks posed by subdued earnings, sector headwinds, and limited liquidity before considering exposure to Haryana Capfin Ltd.

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