Stock Price Movement and Market Context
On 30 Jan 2026, Manugraph India Ltd opened with a gap down of 4.31%, continuing a downward trajectory that culminated in an intraday low of Rs.13.8, representing a 9.8% decline on the day. This price marks the lowest level the stock has traded at in the past 52 weeks, a stark contrast to its 52-week high of Rs.25.69. The stock’s performance today lagged its Industrial Manufacturing sector by 10.18%, highlighting its relative weakness within the industry.
Trading activity has been somewhat erratic, with the stock not trading on one of the last 20 trading days, indicating possible liquidity or market interest issues. Additionally, Manugraph India is currently trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling sustained downward momentum.
In comparison, the broader market index, Sensex, opened lower at 81,947.31, down 619.06 points (-0.75%) and was trading at 82,290.19 (-0.33%) during the same session. The Sensex remains 4.7% below its 52-week high of 86,159.02, with its 50-day moving average positioned above the 200-day moving average, suggesting a more stable medium-term trend for the benchmark.
Financial Performance and Fundamental Assessment
Manugraph India Ltd’s financial metrics reveal a challenging environment. Over the past year, the stock has delivered a negative return of 27.22%, considerably underperforming the Sensex’s positive 7.18% return. The company’s long-term growth has been modest, with net sales increasing at an annualised rate of 2.30% and operating profit growing at 15.05% over the last five years.
Despite recent positive quarterly results, including a 14.42% growth in net sales reported in September 2025 and three consecutive quarters of positive earnings, the company’s overall financial health remains under pressure. The latest six-month figures show net sales of Rs.45.86 crores, reflecting an 83.29% increase, and a PAT of Rs.4.36 crores, indicating profit growth of 94.1% over the same period last year. Operating cash flow for the year reached a peak of Rs.0.33 crores.
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Valuation and Credit Metrics
The company’s valuation metrics indicate a discount relative to its peers, with a price-to-book value of 0.8. However, this valuation is accompanied by a return on equity (ROE) of -1.7%, reflecting negative profitability on shareholder equity. The company’s ability to service debt is notably weak, with an average EBIT to interest ratio of -5.23, underscoring challenges in covering interest expenses from operating earnings.
Manugraph India’s market capitalisation grade stands at 4, and its overall Mojo Score is 29.0, categorised as a Strong Sell as of 28 Jan 2026, an upgrade from a previous Sell rating. This grading reflects the company’s weak long-term fundamental strength and subdued growth prospects.
Comparative Performance and Shareholding
Over the last three years, the stock has underperformed the BSE500 index across multiple time frames, including one year and three months, indicating persistent challenges in generating returns relative to the broader market. The majority shareholding remains with promoters, maintaining control over corporate decisions.
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Summary of Key Metrics
To summarise, Manugraph India Ltd’s stock has reached a new 52-week low of Rs.13.8, reflecting a decline of nearly 46% from its 52-week high of Rs.25.69. The stock’s underperformance is evident in its negative one-year return of 27.22%, contrasting with the Sensex’s positive 7.18% gain. Despite recent improvements in sales and profitability, the company’s overall financial and credit metrics remain subdued, with a Strong Sell Mojo Grade and a low market cap grade.
The stock’s trading below all major moving averages and its weak debt servicing capacity continue to weigh on investor sentiment. While the company has demonstrated some positive quarterly results, these have not yet translated into sustained market confidence or a reversal in the stock’s downward trend.
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