National Plastic Industries Ltd Falls to 52-Week Low of Rs.45.44

Stock Price Movement and Market Context

On 22 Jan 2026, National Plastic Industries Ltd opened with a notable gap up of 8.17%, reaching an intraday high of Rs.50.69. However, the stock reversed course sharply, hitting its intraday low and new 52-week low of Rs.45.44, representing a decline of 3.03% from the previous close. The stock exhibited high volatility throughout the day, with an intraday volatility of 5.45% based on the weighted average price.

Despite the stock’s weakness, the Plastic Products - Industrial sector gained 2.11% on the same day, highlighting the stock’s relative underperformance. The broader market, represented by the Sensex, opened higher at 82,459.66 points with a gain of 0.67%, though it was trading slightly lower at 82,160.31 points (0.31%) during the session. The Sensex remains 4.87% below its 52-week high of 86,159.02 but has experienced a three-week consecutive decline of 4.2%. Mid-cap stocks led the market rally, with the BSE Mid Cap index gaining 0.9%.

Technical Indicators and Moving Averages

National Plastic Industries Ltd is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests sustained downward momentum and a lack of near-term price support. The stock’s 52-week high stands at Rs.72, indicating a substantial decline of approximately 36.9% from its peak.

Long-Term Performance and Fundamental Assessment

Over the past year, National Plastic Industries Ltd has delivered a total return of -21.38%, significantly underperforming the Sensex, which posted a 7.42% gain during the same period. The stock has also lagged behind the BSE500 index over the last three years, one year, and three months, reflecting persistent challenges in generating shareholder value.

The company’s long-term fundamentals reveal a modest growth trajectory, with net sales increasing at an annualised rate of 2.37% over the last five years. Return on Capital Employed (ROCE) remains subdued at an average of 9.91%, indicating limited efficiency in capital utilisation. Additionally, the company’s debt servicing capacity is constrained, as evidenced by a high Debt to EBITDA ratio of 3.52 times, which may weigh on financial flexibility.

Recent Financial Highlights

Despite the stock’s price weakness, National Plastic Industries Ltd reported positive financial results for the nine months ended September 2025. Profit After Tax (PAT) surged by 414.71% to Rs.3.50 crores, while the quarterly Earnings Per Share (EPS) reached a peak of Rs.1.77. The company’s ROCE for the recent period improved to 10.7%, accompanied by an attractive valuation metric with an Enterprise Value to Capital Employed ratio of 1. These figures suggest pockets of operational improvement amid broader market pressures.

Nonetheless, the stock’s current Mojo Score stands at 32.0, with a Mojo Grade of Sell, reflecting a downgrade from a previous Strong Sell rating on 17 Dec 2025. The Market Cap Grade is rated 4, indicating a mid-tier market capitalisation relative to peers.

Shareholding and Valuation Context

The majority shareholding in National Plastic Industries Ltd is held by promoters, indicating concentrated ownership. The stock currently trades at a discount relative to its peers’ average historical valuations, which may reflect market caution given the company’s financial metrics and recent price performance.

While the company’s profits have increased by 199.4% over the past year, the price-to-earnings-to-growth (PEG) ratio remains at zero, signalling a disconnect between earnings growth and market valuation. This disparity underscores the cautious stance adopted by market participants.

Summary of Key Metrics

To summarise, National Plastic Industries Ltd’s stock has reached a new 52-week low of Rs.45.44 after a sustained period of decline. The stock’s underperformance contrasts with sector gains and a broadly positive market environment. Technical indicators show the stock trading below all major moving averages, while fundamental analysis highlights modest growth, subdued returns on capital, and elevated leverage ratios. Recent financial results indicate some improvement in profitability, yet the market valuation remains subdued.

Investors and analysts will continue to monitor the stock’s price action and financial disclosures closely as the company navigates its current phase within the Plastic Products - Industrial sector.

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