Share Price Movement and Market Context
On 16 Feb 2026, Nivaka Fashions Ltd’s stock price touched Rs.1.8, its lowest level ever recorded. Despite a modest intraday gain of 2.15%, the stock remains substantially below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish momentum. The stock outperformed its sector by 2.64% on the day, yet this short-term uptick contrasts sharply with its longer-term performance.
Over the past week, the stock declined by 6.86%, compared to a 1.57% fall in the Sensex. The one-month performance shows a steep drop of 35.59%, while the three-month decline is even more pronounced at 51.53%, against Sensex losses of 0.98% and 2.14% respectively. Year-to-date, Nivaka Fashions has fallen 39.68%, significantly underperforming the Sensex’s 2.90% decline.
Longer-term trends reveal a challenging trajectory. The stock has lost 45.71% over the last year, while the Sensex gained 8.97%. Over three years, the stock’s return stands at -44.28%, compared to a robust 34.95% gain for the Sensex. The five-year performance is particularly stark, with a 77.65% loss versus a 58.82% gain for the benchmark index. Over a decade, the stock has effectively stagnated, registering no appreciable gains, while the Sensex surged 256.80%.
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Financial Health and Profitability Metrics
Nivaka Fashions Ltd’s financial indicators underscore the difficulties faced by the company. The firm has been reporting operating losses, which have contributed to a weak long-term fundamental strength assessment. Its ability to service debt remains constrained, with an average EBIT to interest ratio of -0.34, indicating that earnings before interest and tax are insufficient to cover interest expenses.
Profitability metrics further highlight the subdued performance. The company’s average return on equity (ROE) stands at a modest 1.81%, signalling limited profitability generated per unit of shareholders’ funds. Additionally, the company’s earnings before interest, tax, depreciation and amortisation (EBITDA) have been negative, adding to the risk profile of the stock.
Over the past year, profits have declined by 52%, a steep contraction that aligns with the stock’s 45.71% negative return over the same period. This deterioration in earnings has contributed to the stock trading at valuations considered risky relative to its historical averages.
Comparative Performance and Market Position
The stock’s underperformance is evident not only against the Sensex but also relative to the BSE500 index. Nivaka Fashions Ltd has lagged behind the broader market across multiple time frames, including the last three months, one year, and three years. This persistent underperformance reflects challenges in both near-term and long-term operational and financial metrics.
Within the Garments & Apparels sector, the company’s market capitalisation grade is rated 4, indicating a relatively small market cap compared to peers. The majority of the company’s shares are held by non-institutional investors, which may influence liquidity and trading dynamics.
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Mojo Score and Rating Update
MarketsMOJO assigns Nivaka Fashions Ltd a Mojo Score of 12.0, categorising it under a Strong Sell rating as of 29 Dec 2025. This represents a downgrade from the previous Sell rating, reflecting a deterioration in the company’s financial and market standing. The Strong Sell grade is supported by the company’s weak fundamentals, negative earnings trends, and poor debt servicing capacity.
The downgrade and low Mojo Score align with the stock’s recent price action and financial results, including flat performance reported in December 2025. These factors collectively contribute to the cautious stance reflected in the rating.
Summary of Key Challenges
Nivaka Fashions Ltd’s stock has been on a downward trajectory for several years, culminating in the recent all-time low price of Rs.1.8. The company faces multiple headwinds, including sustained losses at the operating level, negative EBITDA, and a weak ability to cover interest expenses. Profitability remains limited, as evidenced by the low return on equity and significant profit declines over the past year.
Market performance metrics reveal consistent underperformance relative to major indices and sector benchmarks, with the stock losing value across all measured time frames from one month to ten years. The downgrade to a Strong Sell rating by MarketsMOJO further underscores the severity of the situation.
Majority shareholding by non-institutional investors and a small market capitalisation grade add to the stock’s risk profile. The company’s current valuation is considered risky compared to its historical averages, reflecting investor caution.
Conclusion
The all-time low reached by Nivaka Fashions Ltd’s share price is a significant marker of the company’s prolonged difficulties. The combination of weak financial metrics, deteriorating profitability, and sustained underperformance against market benchmarks paints a challenging picture. The Strong Sell rating and low Mojo Score reflect these realities, highlighting the stock’s current standing within the Garments & Apparels sector and the broader market.
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