Mihika Industries Stock Plummets to All-Time Low Amidst Ongoing Decline

Mihika Industries has reached an all-time low as of October 7, 2025, reflecting a significant downturn in its market performance. The stock has experienced a notable decline of 8.11% today, contrasting sharply with the Sensex's modest gain of 0.34%. Over the past month, Mihika Industries has seen a decrease of 10.43%, while its performance over the last year has plummeted by 32.59%.
Despite outperforming its sector by 4.26% today, the stock's longer-term trajectory remains concerning. It has underperformed the BSE500 index across various time frames, including a 22.62% drop over the past three months and a staggering 30.18% decline year-to-date. The company's financial health is further illustrated by its negative EBITDA and a weak EBIT to interest ratio of -1.67, indicating challenges in servicing its debt.

While Mihika Industries has reported positive results for the last four consecutive quarters, the overall outlook is tempered by its weak long-term growth and operating losses. The company's net sales for the latest six months stand at Rs 29.43 crore, but the broader market context suggests a challenging environment for this microcap in the trading and distribution sector.