Olympic Cards Faces Financial Strain Amid Sustained Stock Decline and High Debt Levels

Olympic Cards, a microcap player in the diversified consumer products sector, has experienced significant volatility, hitting a new 52-week low of Rs. 2.51 today. The stock has underperformed its sector by 8.49% and has seen a consecutive decline over the past four days, resulting in a total drop of 19.03% during this period.
In terms of moving averages, Olympic Cards is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend. Over the past year, the stock has reported a performance decline of 32.53%, starkly contrasting with the Sensex's modest drop of 2.26%.

Financially, the company faces challenges, including a high debt-to-equity ratio of 18.67 times and a debt-to-EBITDA ratio of 13.16 times, which raises concerns about its ability to service debt. Additionally, the company has reported negative returns on equity and a low return on capital employed of -10.97%. With cash and cash equivalents at a minimal Rs. 0.03 crore, the financial outlook appears strained. The majority shareholders are promoters, indicating a concentrated ownership structure.