Manugraph India Ltd Stock Hits 52-Week Low Amidst Weak Fundamentals

Stock Performance and Market Context

On 2 Feb 2026, Manugraph India Ltd’s stock recorded a day change of 2.75%, outperforming its sector by 6.12%, despite the broader Printing & Stationery sector falling by -3.25%. The stock has shown a modest recovery after two consecutive days of decline, trading above its 5-day moving average but remaining below its 20-day, 50-day, 100-day, and 200-day moving averages. This technical positioning indicates short-term resilience amid longer-term downward pressure.

The broader market environment saw the Nifty close at 25,088.40, up 262.95 points or 1.06%. While the Nifty trades below its 50-day moving average, the 50DMA remains above the 200DMA, signalling a mixed but cautiously optimistic market trend. Large-cap stocks led gains, with the Nifty Next 50 rising 1.07%, contrasting with Manugraph’s continued underperformance.

Decline to 52-Week Low and Price Details

Manugraph India Ltd’s stock has now reached a 52-week low, a significant milestone that highlights the stock’s downward trajectory over the past year. The 52-week high was ₹25.30, while the current price has fallen substantially below this level, reflecting a near 20% decline over the last 12 months. This contrasts sharply with the Sensex, which has delivered a positive return of 5.37% over the same period.

The stock’s one-year performance stands at -19.91%, indicating sustained pressure on investor sentiment and valuation metrics. This decline is compounded by the company’s underperformance relative to the BSE500 index over the last three years, one year, and three months, signalling persistent challenges in both the near and long term.

Financial Metrics and Fundamental Assessment

Manugraph India Ltd’s financial profile reveals several areas of concern. The company has reported operating losses, contributing to a weak long-term fundamental strength. Over the past five years, net sales have grown at a modest annual rate of 2.30%, while operating profit has increased at 15.05% annually. These figures suggest limited expansion and profitability improvement relative to industry peers.

The company’s ability to service debt is notably weak, with an average EBIT to interest ratio of -5.23, indicating that earnings before interest and tax are insufficient to cover interest expenses. This metric points to financial strain and heightened risk in meeting debt obligations.

Return on equity (ROE) stands at -1.7%, reflecting negative profitability for shareholders. The stock’s valuation is relatively expensive on a price-to-book basis, trading at 0.7 times book value, yet it remains discounted compared to peers’ historical averages. This valuation gap underscores investor caution amid the company’s financial challenges.

Recent Operational Highlights

Despite the broader difficulties, Manugraph India Ltd has reported some positive developments in recent quarters. The company declared very positive results in September 2025, with net sales for the latest six months reaching ₹45.86 crores, representing a robust growth rate of 83.29%. Operating cash flow for the year peaked at ₹0.33 crores, and profit after tax (PAT) for the latest six months rose to ₹4.36 crores.

These results mark the third consecutive quarter of positive performance, indicating pockets of operational improvement. However, these gains have not yet translated into a sustained recovery in the stock price or a reversal of the longer-term downtrend.

Shareholding and Market Grade

The majority shareholding in Manugraph India Ltd remains with promoters, maintaining control over strategic decisions. The company’s Mojo Score is 29.0, with a Mojo Grade of Strong Sell as of 28 Jan 2026, downgraded from Sell. The market capitalisation grade is 4, reflecting a relatively small market cap within its sector.

This grading reflects the company’s current standing in terms of financial health, growth prospects, and market sentiment, reinforcing the cautious outlook surrounding the stock.

Sector and Industry Positioning

Operating within the industrial manufacturing sector, Manugraph India Ltd faces competitive pressures and sectoral headwinds. The Printing & Stationery segment, to which it belongs, has experienced a decline of -3.25% recently, reflecting broader challenges in demand and pricing.

While the company’s stock has outperformed its sector on the day of reporting, the longer-term trend remains subdued. The stock’s position below key moving averages highlights the need for sustained improvement to regain investor confidence and sector leadership.

Summary of Key Financial and Market Indicators

To summarise, Manugraph India Ltd’s stock has reached a 52-week low amid a combination of weak long-term growth, negative returns on equity, and limited debt servicing capacity. Despite recent positive quarterly results and improved net sales growth, the stock continues to trade below major moving averages and underperforms key market indices.

The company’s downgrade to a Strong Sell Mojo Grade reflects these challenges, alongside a modest market capitalisation grade and a low Mojo Score of 29.0. Investors and market participants will note the contrast between recent operational gains and the broader valuation and performance concerns that have weighed on the stock over the past year.

Conclusion

Manugraph India Ltd’s decline to a 52-week low price level is a clear indicator of the hurdles the company faces in the current market environment. While recent financial results show some improvement, the overall picture remains one of subdued growth and valuation pressures. The stock’s performance relative to sector and market benchmarks underscores the ongoing challenges in the industrial manufacturing space.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →