Mihika Industries Stock Plummets to All-Time Low Amid Financial Struggles

Mihika Industries has reached an all-time low on October 24, 2025, marking a significant milestone in its trading history. The microcap company, operating in the Trading & Distributors sector, has faced considerable challenges reflected in its performance metrics. Today, the stock experienced a decline of 0.74%, underperforming against the Sensex, which fell by 0.28%.
Over the past month, Mihika Industries has seen a substantial drop of 14.01%, while its year-to-date performance stands at a decline of 33.96%. In the last year, the stock has plummeted by 42.55%, contrasting sharply with the Sensex's gain of 5.31%. Despite a recent three-day gain of 4.04%, the stock remains below its longer-term moving averages, indicating a persistent struggle in maintaining upward momentum.

The company's financial health is concerning, with operating losses and a negative EBITDA, alongside a weak EBIT to interest ratio of -1.67. While net sales for the last nine months reached Rs 29.98 crore, the overall outlook remains challenging, with the stock underperforming against broader market indices over various time frames.