Stock Price Movement and Market Context
The stock of Last Mile Enterprises Ltd fell to Rs.8.5, its lowest level in the past year, reflecting a sharp downturn from its 52-week high of Rs.42.98. Despite this, the stock outperformed its sector by 1.06% today and showed signs of a short-term recovery after two consecutive days of decline. However, it remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained downward pressure.
In contrast, the broader market displayed resilience, with the Sensex opening flat and advancing by 0.19% to trade at 85,380.34 points. The benchmark index is currently just 0.91% shy of its 52-week high of 86,159.02 and is supported by bullish moving averages, with the 50-day moving average positioned above the 200-day moving average. Mega-cap stocks led the market rally, underscoring a divergence between large-cap strength and the performance of smaller NBFC stocks like Last Mile Enterprises.
Long-Term Performance and Fundamental Assessment
Over the past year, Last Mile Enterprises Ltd has delivered a negative return of 74.57%, a stark contrast to the Sensex’s positive 8.75% gain during the same period. This underperformance extends beyond the last 12 months, with the stock lagging behind the BSE500 index over one, three years, and the last three months. The company’s long-term fundamental strength remains subdued, as reflected in its average Return on Equity (ROE) of 5.13%, which is considered weak relative to industry standards.
The company’s Mojo Score currently stands at 32.0, with a Mojo Grade of Sell, an improvement from a previous Strong Sell rating as of 3 December 2025. The Market Cap Grade is rated 4, indicating a relatively modest market capitalisation within its peer group.
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Recent Financial Results and Valuation Metrics
Despite the stock’s price decline, Last Mile Enterprises Ltd has reported positive financial results over the last five consecutive quarters. The company’s Profit After Tax (PAT) for the nine months ended stood at Rs.12.04 crores, representing a growth of 64.03%. Quarterly net sales reached Rs.785.64 crores, marking a 94.2% increase compared to the previous four-quarter average.
Valuation metrics suggest the stock is trading at a discount relative to its peers. The Price to Book Value ratio is 0.8, which is considered very attractive, especially given the company’s ROE of 5.1%. Furthermore, the company’s profits have surged by 535% over the past year, despite the stock’s negative return of 74.57%. This disparity is reflected in a low PEG ratio of 0.1, indicating that earnings growth is not yet fully priced into the stock.
Technical and Sectoral Considerations
Technically, the stock remains under pressure as it trades below all major moving averages, signalling a bearish trend. The recent uptick after two days of decline may indicate a short-term pause in selling pressure, but the overall trend remains negative. The NBFC sector, to which Last Mile Enterprises belongs, has experienced mixed performance, with some stocks showing resilience while others continue to face headwinds.
The company’s market cap grade of 4 suggests it is a smaller player within the NBFC sector, which may contribute to its heightened volatility and sensitivity to market fluctuations. The stock’s day change of 1.47% today, while positive, is modest in the context of its broader downtrend.
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Summary of Key Metrics
To summarise, Last Mile Enterprises Ltd’s stock has reached a 52-week low of Rs.8.5, reflecting a significant decline of over 80% from its peak of Rs.42.98. The company’s financial performance shows mixed signals, with strong recent profit growth contrasting with weak long-term returns and below-average ROE. The stock’s valuation appears attractive on a Price to Book basis, yet it remains under pressure technically and relative to the broader market and sector indices.
The Sensex’s positive trajectory and leadership by mega-cap stocks highlight a divergence from the performance of smaller NBFC stocks such as Last Mile Enterprises. While the stock has outperformed its sector today, it continues to trade below all major moving averages, underscoring the challenges it faces in regaining upward momentum.
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