Stock Performance and Market Context
On 26 Feb 2026, Last Mile Enterprises Ltd recorded a day change of -2.42%, underperforming its NBFC sector by -3.61%. The stock has been on a losing streak for two consecutive days, delivering a cumulative return of -5.1% over this period. Trading below all key moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — the share price signals persistent bearish sentiment among market participants.
In contrast, the Sensex opened positively with a gain of 142.71 points but reversed course to close marginally lower by -176.27 points, ending at 82,242.51, just 0.04% down. The benchmark remains 4.76% shy of its 52-week high of 86,159.02. While the Sensex trades below its 50-day moving average, the 50DMA remains above the 200DMA, indicating mixed technical signals for the broader market.
Over the past year, Last Mile Enterprises Ltd has delivered a return of -74.15%, a stark contrast to the Sensex’s positive 10.24% performance. The stock’s 52-week high was Rs.27.77, underscoring the magnitude of the decline to the current low.
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Financial Metrics and Fundamental Assessment
Last Mile Enterprises Ltd’s financial indicators reveal a challenging environment. Quarterly net sales stood at Rs.375.02 crores, reflecting a sharp decline of -36.8% compared to the previous four-quarter average. Profit before tax excluding other income (PBT less OI) contracted by -75.5%, registering Rs.0.87 crore for the quarter. The company’s quarterly profit after tax (PAT) was Rs.2.14 crore, marking its lowest level in recent periods.
The company’s return on equity (ROE) remains modest at 5.13%, indicating limited profitability relative to shareholder equity. This metric, combined with the recent financial results, has contributed to the downgrade of its Mojo Grade from Sell to Strong Sell as of 3 Dec 2025, with a current Mojo Score of 17.0. The market capitalisation grade is rated 4, reflecting the company’s micro-cap status within the NBFC sector.
Long-term performance trends also highlight underperformance. Over the last three years, one year, and three months, Last Mile Enterprises Ltd has lagged behind the BSE500 index, reinforcing concerns about its sustained growth and value creation capabilities.
Valuation and Shareholding Structure
Despite the subdued financial performance, the stock’s valuation metrics present a contrasting picture. The price-to-book value ratio stands at a low 0.6, suggesting the stock is trading at a discount relative to its book value. This valuation is attractive when compared with peers’ historical averages, indicating potential value recognition by the market.
Interestingly, while the stock price has declined by -74.15% over the past year, the company’s profits have increased by 535% during the same period. This divergence is reflected in a price/earnings to growth (PEG) ratio of 0.1, which is considered low and indicative of undervaluation relative to earnings growth.
The majority of shares are held by non-institutional investors, which may influence liquidity and trading dynamics.
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Summary of Key Concerns
The stock’s fall to Rs.5.8, its lowest level in 52 weeks, is underpinned by a combination of weak quarterly sales, sharply reduced profitability, and a long-term trend of underperformance relative to market benchmarks. The downgrade to a Strong Sell grade by MarketsMOJO reflects these factors, alongside the company’s modest ROE and limited market capitalisation.
Trading below all major moving averages further emphasises the prevailing negative momentum. The stock’s underperformance relative to the NBFC sector and the broader Sensex index highlights the challenges faced in regaining investor confidence and market standing.
Nevertheless, the valuation metrics suggest the stock is priced attractively relative to book value and earnings growth, which may be a factor for consideration in the context of the company’s financial trajectory.
Market Outlook and Broader Implications
While the Sensex remains close to its 52-week high and exhibits mixed technical signals, Last Mile Enterprises Ltd’s performance diverges significantly from the broader market trend. The stock’s steep decline over the past year contrasts with the Sensex’s positive returns, underscoring sector-specific and company-specific pressures.
Investors and market analysts will continue to monitor the company’s financial disclosures and market movements closely, given the stark contrast between recent profit growth and share price performance.
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