Stock Performance and Market Context
On 24 Feb 2026, Last Mile Enterprises Ltd recorded its lowest price in the past year at Rs.5.83, continuing a five-day losing streak that has resulted in a cumulative decline of 14.16%. This recent downturn contrasts sharply with the stock’s 52-week high of Rs.27.77, underscoring a steep depreciation of 79.0% from its peak. The stock’s day change was -1.91%, underperforming its NBFC sector by 3.63% on the same day.
Technical indicators further highlight the bearish momentum, with the share price trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling persistent downward pressure. This technical weakness is compounded by the broader market environment, where the Sensex fell sharply by 882.48 points (-1.35%) to close at 82,170.06, after a negative opening. Despite this, the Sensex remains relatively resilient, trading only 4.85% below its 52-week high of 86,159.02, and maintaining a positive trend with its 50-day moving average above the 200-day moving average.
Financial Performance Highlights
Last Mile Enterprises Ltd’s financial results have reflected a challenging period. Quarterly net sales stood at Rs.375.02 crores, representing a decline of 36.8% compared to the average of the previous four quarters. Profit before tax excluding other income (PBT less OI) dropped sharply by 75.5% to Rs.0.87 crore, while the quarterly profit after tax (PAT) reached a low of Rs.2.14 crore. These figures indicate a contraction in both top-line and bottom-line performance over recent quarters.
Over the past year, the stock has delivered a negative return of 73.59%, significantly underperforming the Sensex, which posted a positive return of 10.35% over the same period. The company’s long-term performance has also lagged behind the broader BSE500 index across one-year, three-year, and three-month timeframes.
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Valuation and Fundamental Metrics
Despite the subdued price performance, Last Mile Enterprises Ltd exhibits a very attractive valuation profile. The company’s price-to-book value stands at a low 0.6, indicating that the stock is trading at a significant discount relative to its book value. This valuation is below the average historical valuations of its NBFC peers, suggesting a market discounting of the company’s prospects.
The company’s return on equity (ROE) remains modest at 5.13%, reflecting limited profitability relative to shareholder equity. This metric has contributed to the stock’s downgrade in rating, with the Mojo Grade recently revised from Sell to Strong Sell as of 3 Dec 2025. The Mojo Score currently stands at 17.0, reinforcing the cautious stance on the stock’s outlook.
Interestingly, while the stock price has declined sharply over the past year, the company’s profits have increased by 535%, resulting in a price/earnings to growth (PEG) ratio of 0.1. This divergence between earnings growth and share price performance highlights a disconnect that may be influenced by other factors such as market sentiment or sector-specific headwinds.
Shareholding Pattern and Market Capitalisation
The majority of Last Mile Enterprises Ltd’s shares are held by non-institutional investors, which may contribute to increased volatility and sensitivity to market movements. The company’s market capitalisation grade is rated at 4, indicating a relatively modest market cap within its sector.
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Comparative Sector and Market Analysis
Within the NBFC sector, Last Mile Enterprises Ltd’s recent underperformance is notable. The sector itself has experienced mixed results, but the stock’s 14.16% decline over the past five days and its 73.59% negative return over the last year stand out as significant underperformance relative to peers and the broader market indices.
The Sensex’s current position, trading below its 50-day moving average but with the 50DMA above the 200DMA, suggests a market in a phase of cautious consolidation rather than broad-based weakness. This contrasts with the sharper declines seen in Last Mile Enterprises Ltd’s share price, indicating company-specific factors are driving the stock’s recent lows.
Summary of Key Metrics
To summarise, the stock’s key metrics as of 24 Feb 2026 are:
- 52-week low price: Rs.5.83
- 52-week high price: Rs.27.77
- One-year return: -73.59%
- Quarterly net sales: Rs.375.02 crores (-36.8% vs previous 4Q average)
- Quarterly PBT less other income: Rs.0.87 crore (-75.5% vs previous 4Q average)
- Quarterly PAT: Rs.2.14 crore (lowest)
- Return on equity: 5.13%
- Price to book value: 0.6
- Mojo Score: 17.0 (Strong Sell, downgraded from Sell on 3 Dec 2025)
- Market cap grade: 4
The combination of declining sales, sharply reduced profitability, and a low ROE has contributed to the stock’s current valuation and rating status. The share price’s movement below all major moving averages further emphasises the prevailing downward trend.
Market Sentiment and Broader Implications
While the broader market indices have shown resilience, Last Mile Enterprises Ltd’s stock price has been notably weak. The majority non-institutional shareholding structure may contribute to heightened price sensitivity. The company’s valuation discount relative to peers reflects market caution, despite the recent surge in profits.
Investors and market participants will continue to monitor the company’s financial disclosures and sector developments closely, given the stock’s significant price volatility and fundamental challenges.
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