Keerthi Industries Stock Falls to 52-Week Low of Rs.62.11 Amidst Continued Downtrend

Recent Price Movements and Market Context

On 24 Nov 2025, Keerthi Industries recorded an intraday low of Rs.62.11, representing a 7.16% drop from the previous close. The stock opened with a gap down of 4.04%, continuing a three-day losing streak that has resulted in a cumulative return decline of 10.27% over this period. This underperformance extends beyond the company’s own sector, as the stock lagged the Cement & Cement Products sector by 5.62% today.

Trading activity has been somewhat erratic, with the stock not trading on one of the last 20 trading days, adding to the volatility concerns. Furthermore, Keerthi Industries is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish trend in the short to long term.

Comparison with Broader Market Indices

In contrast to Keerthi Industries’ decline, the Sensex opened higher at 85,320.04 points, gaining 88.12 points or 0.1% at the start of the day and trading near 85,265.60 points, a marginal 0.04% increase. The Sensex remains close to its 52-week high of 85,801.70, just 0.63% away, supported by a three-week consecutive rise that has seen the index gain 2.46%. Mega-cap stocks have been leading this upward momentum, with the Sensex trading above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating a bullish market environment overall.

Financial Performance and Profitability Indicators

Keerthi Industries’ financial results have reflected ongoing difficulties. The company reported a net loss after tax (PAT) of Rs. -12.46 crores for the nine months ended September 2025, with a year-on-year decline of 30.84%. This negative profitability is further underscored by the company’s average return on equity (ROE) of 5.88%, indicating modest returns relative to shareholders’ funds.

The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) have been negative, contributing to a challenging earnings environment. The average EBIT to interest coverage ratio stands at -0.31, signalling difficulties in servicing debt obligations from operating earnings.

Balance Sheet and Liquidity Considerations

Keerthi Industries’ balance sheet shows a debt-to-equity ratio of 1.68 times as of the half-year period, reflecting a relatively high leverage position. The company’s debtor turnover ratio is reported at zero, which may indicate issues in receivables management or collection efficiency. These factors contribute to concerns about the company’s financial stability and liquidity.

Additionally, promoter shareholding includes 44.65% of shares pledged, which can exert downward pressure on the stock price during market declines, as pledged shares may be subject to liquidation in adverse conditions.

Historical Performance and Valuation Context

Over the past year, Keerthi Industries has generated a total return of -33.07%, significantly underperforming the Sensex, which recorded a positive return of 7.78% over the same period. The stock’s 52-week high was Rs.99, highlighting the extent of the recent price erosion. This underperformance has been consistent over the last three years, with the stock lagging the BSE500 index in each annual period.

The stock’s valuation relative to its historical averages suggests elevated risk, with current trading levels reflecting the market’s cautious stance on the company’s prospects. The combination of negative earnings, high leverage, and pledged promoter shares contributes to this risk profile.

Sectoral and Industry Considerations

Keerthi Industries operates within the Cement & Cement Products sector, which has experienced mixed performance in recent months. While the broader market and mega-cap stocks have shown resilience, mid and micro-cap companies in the sector have faced headwinds related to demand fluctuations and cost pressures. Keerthi Industries’ current stock price reflects these sectoral challenges alongside company-specific factors.

Summary of Key Metrics

To summarise, the stock’s recent low of Rs.62.11 marks a significant milestone in a downward trajectory characterised by:

• A three-day consecutive decline with a cumulative loss exceeding 10%


• Trading below all major moving averages, indicating sustained bearish momentum


• Negative profitability metrics including a PAT loss of Rs. -12.46 crores and negative EBITDA


• High leverage with a debt-to-equity ratio of 1.68 times and weak interest coverage


• Promoter share pledging at 44.65%, adding to potential selling pressure


• Underperformance relative to the Sensex and sector benchmarks over the past year and beyond

These factors collectively illustrate the challenges faced by Keerthi Industries in the current market environment.

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