Stock Price Movement and Market Context
On 24 Dec 2025, National Oxygen's share price touched Rs.77, the lowest level recorded in the past year. This new low comes after the stock has experienced a continuous decline over the last 11 trading sessions, resulting in a cumulative return of -20.08% during this period. The stock's performance today also lagged behind its sector peers, underperforming the Other Chemical products sector by 1.21%.
Technical indicators show that National Oxygen is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning reflects sustained downward momentum over multiple time horizons.
In contrast, the broader market has shown relative resilience. The Sensex opened flat and is currently trading marginally lower by 0.03% at 85,495.07 points, remaining within 0.78% of its 52-week high of 86,159.02. The Sensex is supported by bullish technicals, with the 50-day moving average positioned above the 200-day moving average. Mid-cap stocks are leading the market gains, with the BSE Mid Cap index rising by 0.09% today.
Just made the cut! This Mid Cap from the Heavy Electrical Equipment sector entered our elite Top 1% list recently. Discover it before the crowd catches on!
- - Top-rated across platform
- - Strong price momentum
- - Near-term growth potential
Long-Term Performance and Financial Overview
Over the past year, National Oxygen's stock has generated a return of -38.10%, contrasting sharply with the Sensex's positive return of 8.95% over the same period. The stock's 52-week high was Rs.165, indicating a substantial decline from its peak to the current level.
Financially, the company has exhibited several areas of concern. The book value is negative, signalling weak long-term fundamental strength. Net sales have shown a negative compound annual growth rate of -1.97% over the last five years, reflecting a contraction in revenue generation capacity.
The company's ability to service its debt is limited, with an average EBIT to interest ratio of 0.95, suggesting that earnings before interest and taxes are insufficient to comfortably cover interest expenses. This ratio points to potential financial strain in meeting debt obligations.
Recent Quarterly and Annual Results
National Oxygen has reported negative results for the last four consecutive quarters. Operating cash flow for the year stands at a low of Rs. -0.18 crore, indicating cash outflows from core business activities. The profit after tax (PAT) for the nine-month period is Rs. -5.54 crore, reflecting a decline at an annualised rate of -29.91%. Quarterly net sales have also reached a low point of Rs. 6.37 crore.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) remain negative, contributing to the perception of elevated risk associated with the stock. Over the past year, profits have fallen by 67.5%, further underscoring the financial challenges faced.
Comparative Performance and Market Position
National Oxygen has consistently underperformed the BSE500 benchmark index over the last three years, with returns lagging each annual period. This trend highlights the stock’s relative weakness within the broader market context.
The stock’s market capitalisation is graded at a moderate level, but the negative book value and declining sales growth weigh heavily on its fundamental assessment. Promoters remain the majority shareholders, maintaining control over the company’s strategic direction.
Is National Oxygen your best bet? SwitchER suggests better alternatives across peers, market caps, and sectors. Discover stocks that could deliver more for your portfolio!
- - Better alternatives suggested
- - Cross-sector comparison
- - Portfolio optimization tool
Sector and Industry Context
Operating within the Other Chemical products industry and sector, National Oxygen faces competitive pressures and market dynamics that have contributed to its subdued performance. The sector itself has shown mixed results, with some companies demonstrating resilience while others have struggled to maintain growth trajectories.
Despite the broader market’s modest gains and the Sensex’s proximity to its 52-week high, National Oxygen’s stock has not mirrored this positive momentum. The divergence highlights company-specific factors influencing investor sentiment and valuation.
Summary of Key Metrics
To summarise, National Oxygen’s stock has reached Rs.77, its lowest level in 52 weeks, following an 11-day losing streak and a one-year return of -38.10%. The company’s financial indicators reveal negative book value, declining net sales, negative EBITDA, and a weak EBIT to interest coverage ratio. Quarterly and annual results have been negative, with operating cash flow and profits showing contraction. The stock’s technical position below all major moving averages further reflects ongoing downward pressure.
These factors collectively illustrate the challenges faced by National Oxygen in the current market environment.
Only Rs. 14,999 - Get MojoOne + Stock of the Week for 1 Year PLUS 18 Months FREE! Claim Your Free Year →
