The stock’s current price level stands well below its 52-week high of Rs.34.57, indicating a substantial reduction in market valuation over the last year. This decline contrasts sharply with the broader market trend, as the Sensex opened higher today at 85,470.92 and is trading near its own 52-week high of 85,368.69. The Sensex’s performance over the past year shows a gain of 10.08%, highlighting Hemang Resources’ relative underperformance.
Hemang Resources has been trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests sustained downward pressure on the stock price. Over the last year, the stock has generated a return of -26.32%, underperforming the BSE500 index consistently across the past three annual periods.
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From a financial perspective, Hemang Resources’ recent results show a subdued performance. The company reported a Profit After Tax (PAT) of Rs.1.09 crore for the nine-month period ending September 2025, which reflects a contraction of 90.79% compared to the previous corresponding period. This sharp reduction in profitability is accompanied by a negative EBITDA, indicating challenges in generating earnings before interest, taxes, depreciation, and amortisation.
Additionally, the company’s debt servicing capacity appears constrained, with a Debt to EBITDA ratio of -1.00 times. This metric points to a limited ability to cover debt obligations from operational earnings. The Debtors Turnover Ratio for the half-year period stands at 0.33 times, one of the lowest in recent times, suggesting slower collection of receivables and potential liquidity concerns.
Despite the broader market’s positive momentum, with small-cap stocks leading gains and the Sensex trading above its 50-day moving average, Hemang Resources has not mirrored this trend. The stock’s underperformance relative to its sector and benchmark indices highlights ongoing pressures within the company’s financial and operational framework.
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The company’s majority shareholding remains with promoters, maintaining a concentrated ownership structure. This factor often influences strategic decisions and long-term planning but has not yet translated into a reversal of the stock’s downward trend.
In summary, Hemang Resources’ fall to Rs.19.51 marks a notable low point in its 52-week trading range. The stock’s performance over the past year, characterised by a 26.32% decline, contrasts with the broader market’s positive trajectory. Key financial indicators such as the sharp reduction in PAT, negative EBITDA, and low debt servicing capacity contribute to the current market assessment of the company’s position.
While the Sensex and small-cap indices show resilience and upward momentum, Hemang Resources continues to trade below critical moving averages, reflecting ongoing challenges in regaining investor confidence and market valuation.
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