Nivaka Fashions Ltd Stock Hits All-Time Low Amid Prolonged Downtrend

Steep Decline in Share Price and Market Performance

On 10 Feb 2026, Nivaka Fashions Ltd’s stock price fell by 3.43%, closing at Rs.1.97, the lowest level ever recorded for the company. This decline outpaced the sector’s underperformance of 3.69% on the same day and contrasted sharply with the Sensex’s modest gain of 0.22%. The stock has been on a downward trajectory for seven consecutive trading sessions, resulting in a cumulative loss of 19.59% during this period.

Over longer durations, the stock’s performance has been markedly weak. It has declined by 18.26% over the past week, 34.33% in the last month, and a substantial 50.75% over the past three months. The one-year return stands at -43.87%, significantly lagging behind the Sensex’s positive 8.97% gain. Year-to-date, the stock has lost 37.46%, while the Sensex has declined by only 1.14%. Over three and five years, the stock has posted losses of 43.71% and 76.82% respectively, in stark contrast to the Sensex’s gains of 38.83% and 64.20% over the same periods. Notably, the stock has not recorded any appreciable gain over the past decade, remaining flat at 0.00%, while the Sensex surged by 254.59%.

Technical indicators also highlight the stock’s weak momentum. Nivaka Fashions is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish sentiment among market participants.

Financial Metrics Reflecting Strained Fundamentals

The company’s financial health remains under pressure, as reflected in its recent quarterly results and key ratios. For the quarter ended September 2025, Nivaka Fashions reported a PBDIT (Profit Before Depreciation, Interest and Taxes) loss of Rs. -0.40 crore, marking the lowest quarterly figure recorded. The Profit Before Tax excluding Other Income (PBT less OI) also stood at a low of Rs. -0.60 crore. Earnings per share (EPS) for the quarter were negative at Rs. -0.06, underscoring the lack of profitability.

Long-term fundamental strength is weak, with the company generating an average Return on Equity (ROE) of just 1.81%, indicating limited profitability relative to shareholders’ funds. The ability to service debt is also constrained, as evidenced by a poor average EBIT to Interest ratio of -0.29, signalling that earnings before interest and taxes are insufficient to cover interest expenses.

These financial indicators contribute to the company’s current Mojo Grade of Strong Sell, upgraded from Sell on 29 Dec 2025, with a low Mojo Score of 12.0. The Market Cap Grade is rated 4, reflecting its micro-cap status and limited market capitalisation.

Comparative Performance and Valuation Concerns

Nivaka Fashions’ stock is trading at valuations considered risky relative to its historical averages. Over the past year, the stock’s profits have declined by 8%, compounding the negative return of 43.87% for shareholders. The stock has consistently underperformed the BSE500 index over the last three months, one year, and three years, highlighting its below-par performance both in the near and long term.

Majority shareholding remains with non-institutional investors, which may influence liquidity and trading dynamics. The stock’s continued decline and weak financial metrics have contributed to its current standing as a micro-cap entity within the Garments & Apparels sector.

Sector and Market Context

Within the Garments & Apparels sector, Nivaka Fashions’ performance contrasts with broader market trends. While the sector has experienced fluctuations, the company’s stock has consistently lagged behind sector averages and benchmark indices. The persistent decline in share price and financial metrics over multiple time horizons underscores the challenges faced by the company in maintaining competitive positioning and financial stability.

The stock’s underperformance relative to the Sensex and BSE500 indices over one, three, and five-year periods highlights the divergence between Nivaka Fashions and broader market gains. This divergence is further emphasised by the company’s flat ten-year return, which stands in stark contrast to the Sensex’s robust growth of over 250% during the same period.

Summary of Key Financial and Market Indicators

To summarise, Nivaka Fashions Ltd’s key metrics as of 10 Feb 2026 are:

• Share price at all-time low of Rs.1.97
• Seven consecutive days of decline, losing 19.59% in that span
• One-year return of -43.87% versus Sensex’s +8.97%
• Negative quarterly PBDIT of Rs. -0.40 crore and PBT less OI of Rs. -0.60 crore
• Negative EPS of Rs. -0.06 for the latest quarter
• Mojo Grade Strong Sell with a score of 12.0, upgraded from Sell in December 2025
• Weak debt servicing capacity with EBIT to Interest ratio of -0.29
• Low average ROE of 1.81%
• Trading below all major moving averages

These figures collectively illustrate the severity of the company’s current market and financial position.

Conclusion

Nivaka Fashions Ltd’s recent all-time low share price and sustained underperformance across multiple time frames reflect a challenging environment for the company. The combination of weak profitability, constrained debt servicing ability, and persistent negative returns has culminated in a Strong Sell rating and a subdued market capitalisation grade. The stock’s performance relative to sector peers and benchmark indices further emphasises the difficulties faced by the company in recent years.

Investors and market observers will continue to monitor the company’s financial disclosures and market movements closely as it navigates this extended period of subdued performance.

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