Key Events This Week
Feb 09: Stock opens at Rs.435.15, down 1.10% amid broader Sensex gains
Feb 10: Sharp rebound with 6.86% gain to Rs.465.00 following positive market sentiment
Feb 11: Q3 FY26 results released, highlighting profitability concerns despite revenue growth
Feb 12: Quality grade upgraded to average, signalling improved fundamentals
Feb 13: MarketsMOJO upgrades rating to Buy; stock closes at Rs.452.00 (-3.81%)
Monday, 9 February 2026: Weak Start Amid Broad Market Strength
The stock opened the week at Rs.435.15, declining 1.10% despite the Sensex rallying 1.04% to close at 37,113.23. This early weakness reflected some investor caution ahead of the company’s quarterly results, which were anticipated later in the week. Trading volume was modest at 23 lakh shares, indicating limited participation during the session.
Tuesday, 10 February 2026: Strong Rebound on Positive Market Sentiment
On 10 February, N R Agarwal Industries staged a robust recovery, surging 6.86% to Rs.465.00. This sharp gain outpaced the Sensex’s 0.25% rise, signalling renewed investor interest. The rebound was supported by broader market optimism and anticipation of the upcoming quarterly earnings announcement. Volume declined to 14 lakh shares, suggesting selective buying interest.
Wednesday, 11 February 2026: Quarterly Results Reveal Profitability Challenges
The company reported its Q3 FY26 results on 11 February, revealing a mixed performance. While revenue growth continued, profitability concerns persisted, with operating profit before interest and tax (EBIT) showing signs of pressure. The stock price dipped slightly by 0.45% to Rs.462.90, underperforming the Sensex’s 0.13% gain. However, the substantial volume spike to 441 lakh shares indicated active trading and investor scrutiny of the results.
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Thursday, 12 February 2026: Quality Grade Upgrade Boosts Confidence
On 12 February, N R Agarwal Industries received a quality grade upgrade from below average to average, reflecting improved business fundamentals such as return on equity (ROE) of 11.04% and return on capital employed (ROCE) of 12.62%. This upgrade was accompanied by a Mojo Score of 70.0 and a Buy rating, signalling enhanced financial health and operational stability. The stock rose 1.51% to Rs.469.90 on strong volume of 818 lakh shares, outperforming the Sensex which declined 0.56% that day.
Friday, 13 February 2026: MarketsMOJO Upgrades to Buy Despite Profitability Concerns
MarketsMOJO upgraded N R Agarwal Industries from Hold to Buy on 13 February, citing strong quarterly financial performance and marked improvements in quality metrics. The company reported a 136.1% increase in quarterly PAT to ₹15.01 crores and record net sales of ₹563.23 crores. Despite a rise in debt-equity ratio to 0.93 times, the firm demonstrated solid interest coverage and operational efficiency. The stock closed lower at Rs.452.00, down 3.81%, on relatively low volume of 28 lakh shares, reflecting some profit-taking after the recent rally. The Sensex also declined sharply by 1.40%, closing at 36,532.48.
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Weekly Price Performance: Stock vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.435.15 | -1.10% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.465.00 | +6.86% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.462.90 | -0.45% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.469.90 | +1.51% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.452.00 | -3.81% | 36,532.48 | -1.40% |
Key Takeaways from the Week
Positive Signals: The quality grade upgrade to average and the Mojo Score of 70.0 with a Buy rating reflect meaningful improvements in N R Agarwal Industries’ financial health and operational metrics. The company’s quarterly PAT growth of 136.1% and record net sales of ₹563.23 crores demonstrate strong top-line momentum and improved profitability. The stock’s outperformance relative to the Sensex (+2.73% vs -0.54%) underscores investor recognition of these fundamental gains.
Cautionary Notes: Despite sales growth, EBIT has declined over the past five years, indicating margin pressures and operational challenges. The rise in debt-equity ratio to 0.93 times and a debt to EBITDA ratio averaging 2.88 suggest moderate leverage that requires monitoring. The low dividend payout ratio of 2.71% points to a conservative cash return policy, which may concern income-focused investors. Additionally, the stock’s decline on the final trading day amid broader market weakness highlights short-term volatility risks.
Conclusion: A Week of Fundamental Strength Amid Mixed Market Sentiment
N R Agarwal Industries Ltd’s week was characterised by a strong fundamental upgrade and solid quarterly earnings that helped the stock outperform the broader market. The quality grade improvement and MarketsMOJO’s Buy rating upgrade reflect a company on a path of stabilising profitability and enhanced capital efficiency. However, investors should remain attentive to the company’s leverage levels and the ongoing challenge of converting sales growth into sustained earnings expansion. Overall, the stock’s performance this week signals cautious optimism supported by improving business fundamentals within a competitive sector environment.
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