Nova Agritech Ltd Stock Hits All-Time Low Amidst Continued Decline

Stock Performance Overview

On 16 Feb 2026, Nova Agritech’s share price declined by 1.13%, underperforming the Sensex which rose by 0.26% on the same day. The stock has been on a consistent downward trend, falling for five consecutive days and delivering a cumulative loss of 17.11% during this period. This recent slump has pushed the stock to its lowest ever closing price of ₹28.73.

Over various time horizons, the stock’s returns have been notably weak compared to the broader market. In the past week, Nova Agritech declined by 16.47%, while the Sensex fell by only 1.45%. The one-month performance shows a 19.11% drop for the stock against a marginal 0.87% decline in the Sensex. The three-month return is even more pronounced, with a 36.50% loss compared to the Sensex’s 2.03% fall.

Year-to-date, the stock has lost 24.90%, significantly underperforming the Sensex’s 2.79% decline. Over the last year, Nova Agritech’s stock has plunged 46.25%, whereas the Sensex has gained 9.09%. The company’s three-year and five-year returns remain flat at 0.00%, while the Sensex has delivered 35.10% and 59.00% gains respectively. Over a decade, the stock has not recorded any appreciable growth, contrasting sharply with the Sensex’s 257.21% rise.

Technical indicators also highlight the stock’s weak momentum. Nova Agritech 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.

Financial Results and Profitability Trends

Nova Agritech’s recent quarterly results underscore the difficulties faced by the company. Net sales for the quarter stood at ₹66.55 crores, reflecting a 13.8% decline compared to the average of the previous four quarters. Profit after tax (PAT) dropped sharply by 60.4% to ₹2.61 crores, signalling a significant contraction in profitability.

Operating profit has been shrinking at an annualised rate of 21.34% over the past five years, indicating persistent pressure on earnings before interest and taxes. The operating profit to interest coverage ratio for the latest quarter is at a low 4.37 times, suggesting tighter margins for servicing debt obligations.

Declining net sales and profits have contributed to the company’s very negative results declared in December 2025, further weighing on investor sentiment and share price performance.

Valuation and Debt Metrics

Despite the weak earnings trend, Nova Agritech maintains a relatively strong capacity to service its debt, with a Debt to EBITDA ratio of 1.22 times. This indicates manageable leverage levels in relation to earnings before interest, taxes, depreciation, and amortisation.

The company’s return on capital employed (ROCE) stands at 14%, which is considered attractive within its sector. Additionally, the enterprise value to capital employed ratio is 1.1, suggesting the stock is trading at a discount relative to its peers’ historical valuations.

However, the stock’s valuation discount has not translated into positive returns, as profits have declined by 38.3% over the past year alongside the 46.25% drop in share price.

Shareholding and Market Position

Promoters remain the majority shareholders of Nova Agritech Ltd, maintaining control over the company’s strategic direction. The firm operates within the fertilisers industry, a sector that has experienced varied performance across different companies and market cycles.

Market Ratings and Analyst Scores

MarketsMOJO assigns Nova Agritech a Mojo Score of 29.0, categorising it with a Strong Sell grade as of 20 Sep 2025. This represents a downgrade from the previous Sell rating, reflecting deteriorating fundamentals and market performance. The company’s market capitalisation grade is rated 4, indicating a relatively small market cap within its sector.

The stock’s underperformance is evident not only in absolute terms but also relative to benchmark indices such as the BSE500, where Nova Agritech has lagged over the last three months, one year, and three years.

Summary of Key Metrics

To encapsulate the current state of Nova Agritech Ltd:

• All-time low share price of ₹28.73 reached on 16 Feb 2026
• One-year return of -46.25% versus Sensex gain of 9.09%
• Operating profit declining at an annualised rate of -21.34% over five years
• Quarterly PAT down 60.4% to ₹2.61 crores
• Net sales down 13.8% in the latest quarter
• Debt to EBITDA ratio of 1.22 times, indicating manageable leverage
• ROCE at 14% and enterprise value to capital employed at 1.1
• Mojo Score of 29.0 with a Strong Sell rating

These figures collectively illustrate the severity of the company’s recent performance and the challenges it faces within the fertilisers sector.

Contextualising the Decline

Nova Agritech’s prolonged decline contrasts sharply with the broader market’s positive trajectory over the past decade. While the Sensex has delivered a 257.21% return over ten years, Nova Agritech’s stock has remained flat over the same period. This divergence highlights the company’s difficulties in generating sustainable growth and shareholder value.

The stock’s consistent underperformance relative to sector peers and benchmark indices underscores the extent of the challenges faced. Trading below all major moving averages further emphasises the prevailing negative momentum.

Conclusion

Nova Agritech Ltd’s fall to an all-time low price of ₹28.73 marks a significant event in its market journey. The company’s financial results, valuation metrics, and market ratings collectively point to a period of subdued performance and diminished investor confidence. While the firm maintains a reasonable debt servicing capacity and attractive ROCE, these factors have not yet translated into positive market returns. The stock’s ongoing underperformance relative to the Sensex and sector benchmarks reflects the severity of its current situation within the fertilisers industry.

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