Hemang Resources Ltd Stock Hits 52-Week Low at Rs.13.01

Stock Price Movement and Market Context

On 16 Feb 2026, Hemang Resources Ltd’s share price reached an intraday low of Rs.13.01, representing a fresh 52-week trough. Despite this, the stock demonstrated some resilience by opening with a gap up of 8.38%, touching an intraday high of Rs.15 before retreating. The day’s trading was marked by high volatility, with an intraday price fluctuation of 7.07% based on the weighted average price. The stock outperformed its sector by 8.51% on the day, although it remains significantly below its historical highs.

Notably, the stock has been trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained downward trend. Additionally, the stock did not trade on one of the last 20 trading days, indicating some irregularity in liquidity or market interest.

Comparative Market Performance

While Hemang Resources Ltd has struggled, the broader market has shown relative strength. The Sensex, after a negative opening of 146.36 points, rebounded to close 0.07% higher at 82,688.10 points. The benchmark index remains within 4.2% of its 52-week high of 86,159.02, supported by gains in mega-cap stocks. The Sensex’s 50-day moving average remains above its 200-day moving average, reflecting a generally positive medium-term market trend, contrasting with Hemang Resources’ underperformance.

Over the past year, Hemang Resources Ltd’s stock has declined by 37.28%, a stark contrast to the Sensex’s 8.90% gain over the same period. This divergence highlights the company’s challenges relative to the broader market and its sector peers.

Financial Performance and Fundamental Concerns

Hemang Resources Ltd’s financial metrics continue to reflect challenges. The company reported flat results for the December 2025 half-year period, with no significant improvement in revenue or profitability. The debtors turnover ratio for the half-year stands at a low 0.33 times, indicating slower collection cycles and potential liquidity constraints.

The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) remain negative, contributing to a weak ability to service debt. The debt to EBITDA ratio is reported at -1.00 times, underscoring the financial strain. This metric, combined with operating losses, points to a fragile long-term fundamental strength.

Profitability has deteriorated sharply, with profits falling by 92.5% over the past year. This decline has contributed to the stock’s classification as a Strong Sell, an upgrade from its previous Sell rating as of 26 Feb 2024, reflecting increased concerns about the company’s financial health and outlook.

Historical Underperformance and Valuation Risks

Hemang Resources Ltd has consistently underperformed its benchmark indices over the last three years. The stock’s annual returns have lagged behind the BSE500 index in each of these periods, with the most recent year showing a negative return of 37.28%. This persistent underperformance has led to the stock trading at valuations considered risky relative to its historical averages.

The 52-week high for the stock was Rs.28.80, more than double the current price, highlighting the extent of the decline. The stock’s high volatility and erratic trading patterns further complicate its market profile.

Shareholding and Market Position

The majority shareholding in Hemang Resources Ltd remains with the promoters, who continue to hold a controlling stake. The company operates within the Trading & Distributors sector, which has seen mixed performance across its constituents. Despite the sector’s overall stability, Hemang Resources Ltd’s specific challenges have weighed heavily on its stock price.

Summary of Key Metrics

To summarise, Hemang Resources Ltd’s stock performance and financial indicators as of 16 Feb 2026 are as follows:

• New 52-week low price: Rs.13.01
• Intraday high: Rs.15.00 (8.38% gain)
• Intraday volatility: 7.07%
• Debt to EBITDA ratio: -1.00 times
• Debtors turnover ratio (half-year): 0.33 times
• Profit decline over past year: -92.5%
• One-year stock return: -37.28%
• Mojo Score: 12.0 (Strong Sell, upgraded from Sell on 26 Feb 2024)
• Market Cap Grade: 4

These figures illustrate the ongoing pressures on the company’s stock and financial position, which have contributed to the recent price decline and the new 52-week low.

Market Environment and Sector Dynamics

The broader Trading & Distributors sector has experienced varied performance, with some companies maintaining stable growth while others face headwinds. Hemang Resources Ltd’s challenges appear company-specific, as the sector and market indices have shown resilience. The Sensex’s recovery and proximity to its 52-week high contrast with the stock’s downward trajectory, emphasising the divergence in performance.

Despite the stock’s recent outperformance relative to its sector on the day of the new low, the longer-term trend remains negative, with the stock trading below all major moving averages and exhibiting high volatility.

Conclusion

Hemang Resources Ltd’s stock reaching a 52-week low of Rs.13.01 reflects a culmination of financial difficulties, declining profitability, and valuation concerns. The company’s negative EBITDA, weak debt servicing capacity, and persistent underperformance against benchmarks have contributed to this outcome. While the broader market and sector have shown relative strength, Hemang Resources Ltd continues to face significant challenges as reflected in its stock price and fundamental metrics.

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