Stock Price Movement and Market Context
On 24 Feb 2026, Indo National Ltd’s share price closed at Rs.335, down 1.17% on the day, underperforming the FMCG sector by 0.73%. This marks the lowest price level the stock has reached in the past year, a notable drop from its 52-week high of Rs.589. The stock has been on a consecutive five-day losing streak, resulting in a cumulative decline of 6.16% over this period. Trading activity has been confined within a narrow range of Rs.2.3, indicating limited volatility but persistent selling pressure.
Technical indicators show the stock trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a bearish trend. This contrasts with the broader market, where the Sensex, despite a sharp fall of 826.62 points (-1.28%) on the same day, remains 4.78% below its 52-week high of 86,159.02. The Sensex’s 50-day moving average remains above its 200-day moving average, suggesting a more stable medium-term outlook for the market compared to Indo National Ltd’s stock.
Financial Performance and Profitability Concerns
Indo National Ltd’s financial metrics reveal ongoing challenges. The company has reported negative results for five consecutive quarters, with quarterly net sales declining by 12.60% to Rs.106.31 crores. The half-yearly return on capital employed (ROCE) stands at a low -2.27%, reflecting limited efficiency in generating returns from capital investments. Additionally, cash and cash equivalents have dwindled to Rs.1.35 crores, the lowest recorded in recent periods, raising concerns about liquidity.
The company’s ability to service debt remains weak, with an average EBIT to interest ratio of -1.24, indicating that earnings before interest and tax are insufficient to cover interest expenses. Return on equity (ROE) averages 8.44%, a modest figure that points to low profitability relative to shareholders’ funds. These factors contribute to the company’s current Mojo Grade of Strong Sell, an upgrade from the previous Sell rating as of 2 Sep 2024, reflecting deteriorated fundamentals.
From struggle to strength! This Small Cap from Textile - Machinery is showing early turnaround signals that look promising. Position yourself now for explosive growth potential ahead!
- - Early turnaround signals
- - Explosive growth potential
- - Textile - Machinery recovery play
Long-Term Performance and Valuation Trends
Over the past year, Indo National Ltd’s stock has delivered a negative return of 32.05%, significantly underperforming the Sensex, which posted a positive return of 10.44% during the same period. The stock’s profitability has also deteriorated sharply, with profits falling by 104.3% year-on-year. This decline is mirrored in the company’s valuation metrics, where the stock is considered risky relative to its historical averages.
Further, the stock has underperformed the BSE500 index over multiple time frames, including the last three years, one year, and three months, indicating sustained below-par performance both in the near and long term. The market capitalisation grade of 4 suggests a mid-tier valuation, but this has not translated into positive returns or improved fundamentals.
Sector and Shareholding Structure
Indo National Ltd operates within the FMCG sector, a space that has generally shown resilience but also faces competitive pressures and evolving consumer preferences. The company’s promoter group remains the majority shareholder, maintaining control over strategic decisions. However, the current financial and market performance metrics highlight the challenges faced in maintaining growth and profitability within this sector.
Holding Indo National Ltd from FMCG? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Summary of Key Metrics
To summarise, Indo National Ltd’s current stock price of Rs.335 represents a 52-week low, reflecting a series of financial setbacks and market pressures. The company’s negative EBITDA, declining sales, and weak debt servicing capacity have contributed to its Strong Sell Mojo Grade of 3.0. The stock’s underperformance relative to the Sensex and FMCG sector benchmarks underscores the challenges faced in regaining investor confidence and market momentum.
While the broader market shows signs of resilience, Indo National Ltd’s share price trajectory and financial indicators suggest a cautious outlook based on current data.
Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →
