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

Stock Performance Overview

On 11 Feb 2026, Nivaka Fashions Ltd recorded its lowest-ever share price at Rs.1.94. Despite a modest intraday gain of 2.58%, the stock underperformed its sector by 0.27%. It remains below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day marks, signalling sustained bearish momentum.

Comparative performance data highlights the severity of the decline: over the past one week, the stock has fallen by 13.10%, while the Sensex gained 0.58%. The one-month and three-month returns stand at -33.67% and -47.63% respectively, contrasting sharply with the Sensex’s positive returns of 0.87% and 0.52% over the same periods.

Longer-term figures are equally stark. Over the last year, Nivaka Fashions has lost 43.79%, whereas the Sensex appreciated by 10.50%. Year-to-date, the stock is down 36.83%, compared to a marginal Sensex decline of 1.08%. Over three and five years, the stock’s returns are -43.14% and -76.59%, respectively, while the Sensex surged 38.93% and 63.60% in those intervals. The ten-year return for Nivaka Fashions remains flat at 0.00%, in contrast to the Sensex’s 267.31% gain.

Financial Health and Profitability Metrics

Nivaka Fashions Ltd’s financial indicators reveal ongoing pressures. The company reported operating losses, contributing to a weak long-term fundamental strength assessment. Its ability to service debt is notably strained, with an average EBIT to interest ratio of -0.29, indicating that earnings before interest and tax are insufficient to cover interest expenses.

Profitability remains subdued, with an average Return on Equity (ROE) of just 1.81%, reflecting limited returns generated on shareholders’ funds. Quarterly results for September 2025 showed flat performance, with PBDIT at a low of Rs. -0.40 crore and PBT less other income at Rs. -0.60 crore. Earnings per share (EPS) for the quarter also hit a nadir at Rs. -0.06.

The company’s EBITDA remains negative, underscoring the risky nature of the stock relative to its historical valuations. Over the past year, profits have declined by 8%, compounding the stock’s 43.79% loss in market value.

Relative Market and Sector Positioning

In addition to underperforming the Sensex, Nivaka Fashions has lagged behind the broader BSE500 index over multiple time frames, including the last three months, one year, and three years. This below-par performance highlights the challenges faced in both the near and long term.

The stock’s market capitalisation grade stands at 4, indicating a relatively small market cap within its sector. Majority shareholding is held by non-institutional investors, which may influence liquidity and trading dynamics.

Mojo Score and Rating Update

MarketsMOJO assigns Nivaka Fashions Ltd a Mojo Score of 12.0, categorising it as a Strong Sell. This rating was upgraded from Sell to Strong Sell on 29 Dec 2025, reflecting deteriorating fundamentals and market sentiment. The downgrade underscores the company’s ongoing difficulties in reversing its downward trajectory.

The garment and apparel sector, in which Nivaka Fashions operates, has seen mixed performance, but the company’s metrics remain notably weaker than sector averages. The stock’s persistent underperformance relative to both sector and benchmark indices emphasises the severity of its current position.

Summary of Key Financial and Market Indicators

To encapsulate, Nivaka Fashions Ltd’s key metrics as of early 2026 are as follows:

• All-time low share price: Rs.1.94
• One-year stock return: -43.79%
• Three-year stock return: -43.14%
• Five-year stock return: -76.59%
• Ten-year stock return: 0.00%
• Average EBIT to Interest ratio: -0.29
• Average Return on Equity: 1.81%
• Quarterly PBDIT: Rs. -0.40 crore
• Quarterly PBT less other income: Rs. -0.60 crore
• Quarterly EPS: Rs. -0.06
• Mojo Grade: Strong Sell (upgraded from Sell)

These figures collectively illustrate the company’s ongoing financial strain and market challenges.

Market Context and Valuation Considerations

The stock’s valuation remains risky when compared to its historical averages. Negative EBITDA and declining profitability metrics contribute to a cautious outlook. The company’s inability to generate positive returns over extended periods contrasts sharply with the broader market’s robust gains, particularly the Sensex’s 267.31% rise over ten years.

Non-institutional investors hold the majority of shares, which may affect trading volumes and price stability. The stock’s persistent underperformance relative to the BSE500 and sector indices further highlights the challenges faced by Nivaka Fashions Ltd in regaining investor confidence and market footing.

Conclusion

Nivaka Fashions Ltd’s fall to an all-time low of Rs.1.94 marks a significant point in its prolonged decline. The company’s financial metrics, including operating losses, weak debt servicing capacity, and low profitability, underpin the stock’s underperformance. Despite a minor uptick in daily price, the broader trend remains negative, with the stock lagging behind sector and market benchmarks across multiple time frames.

The Strong Sell rating and low Mojo Score reflect the current assessment of the company’s fundamentals and market position. Investors and market participants will continue to monitor the stock’s trajectory amid these challenging conditions.

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