Stock Price Movement and Market Context
On 11 Feb 2026, India Cements Capital Ltd’s share price slipped to Rs.11.62, down 2.18% on the day, underperforming its sector by 2.14%. This marks the eighth consecutive day of losses, during which the stock has declined by 8.26%. The current price is substantially below its 52-week high of Rs.20.07, representing a drop of approximately 42%. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained bearish trend.
In contrast, the broader market has shown resilience. The Nifty index closed at 25,953.85, up 0.07% on the day, and is currently just 1.62% shy of its 52-week high of 26,373.20. The Nifty has gained 3.61% over the past three weeks and is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating a bullish market environment. All market capitalisation segments, including large caps, have been registering gains, with the Nifty Next 50 index up 0.55% on the day.
Financial Performance and Valuation Concerns
India Cements Capital Ltd’s financial indicators reveal a challenging scenario. The company reported flat results in the quarter ending September 2025, with its Profit Before Depreciation, Interest and Tax (PBDIT) at a negative Rs.0.13 crore and Profit Before Tax excluding other income (PBT LESS OI) at a negative Rs.0.16 crore. Earnings Per Share (EPS) for the quarter stood at a low Rs.-0.03, reflecting subdued profitability.
Over the past year, the company’s net sales have grown at a modest annual rate of 8.38%, which is relatively weak compared to sector averages. Profitability has deteriorated sharply, with profits falling by 74% year-on-year. The Return on Equity (ROE) is a mere 0.8%, indicating limited efficiency in generating returns for shareholders. Despite this, the stock trades at a Price to Book Value of 1.5, which is considered expensive relative to its peers’ historical valuations.
The company’s long-term fundamentals have been assessed as weak, contributing to a downgrade in its Mojo Grade from Sell to Strong Sell on 6 Nov 2025. The current Mojo Score stands at 16.0, underscoring the negative outlook. The Market Cap Grade is rated 4, reflecting limited market capitalisation strength.
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Comparative Performance and Market Position
India Cements Capital Ltd’s one-year return of -17.97% contrasts sharply with the Sensex’s positive 10.41% gain over the same period. The stock has also underperformed the BSE500 index across multiple time frames, including the last three years, one year, and three months. This underperformance highlights the company’s challenges in maintaining competitive positioning within the NBFC sector.
The majority shareholding remains with promoters, which may influence strategic decisions and capital allocation. However, the stock’s valuation and financial metrics suggest that the market is pricing in considerable risk and uncertainty around the company’s growth prospects and profitability.
Technical Indicators and Market Sentiment
Technical analysis reveals that India Cements Capital Ltd is trading below all major moving averages, a sign of sustained downward momentum. The stock’s failure to hold above short-term averages such as the 5-day and 20-day moving averages indicates weak buying interest. The continuous decline over eight trading sessions further emphasises the prevailing negative sentiment among market participants.
Meanwhile, the broader market environment remains positive, with the Nifty index exhibiting strength and bullish technical patterns. This divergence between the stock and the overall market suggests company-specific factors are driving the decline rather than sector-wide or macroeconomic issues.
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Summary of Key Metrics
To summarise, India Cements Capital Ltd’s current stock price of Rs.11.62 represents a significant decline from its 52-week high of Rs.20.07. The stock’s performance over the past year has been negative, with returns of -17.97% against a positive benchmark. Financial results indicate low profitability and modest sales growth, while valuation metrics suggest the stock is trading at a premium despite weak fundamentals. The downgrade to a Strong Sell rating and a low Mojo Score reflect these concerns.
While the broader market and sector indices have shown strength, India Cements Capital Ltd’s share price continues to face downward pressure, driven by company-specific financial and valuation factors. The stock’s position below all major moving averages and its extended losing streak highlight the challenges it currently faces in regaining investor confidence.
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