Olympic Cards Ltd Reports Strong Quarterly Gains Amid Mixed Profitability Signals

Robust Revenue Growth Drives Positive Financial Momentum

In the latest six-month period, Olympic Cards Ltd reported net sales of ₹6.41 crores, reflecting a substantial growth rate of 39.96% compared to the previous corresponding period. This surge in top-line performance has been a key driver behind the company’s upgraded financial trend score, which improved from 6 to 19 over the past three months, indicating a shift from positive to very positive momentum.

The diversified consumer products company has also posted its highest quarterly profit after tax (PAT) at ₹3.31 crores, alongside an all-time high earnings per share (EPS) of ₹2.03. These figures underscore the company’s ability to convert increased sales into bottom-line gains, a positive sign for stakeholders seeking growth in this micro-cap segment.

Operating Profitability Challenges Persist

Despite the encouraging revenue and PAT figures, Olympic Cards Ltd’s operating profitability remains under pressure. The company recorded its lowest quarterly profit before depreciation, interest, and taxes (PBDIT) at a loss of ₹0.55 crores. This operating deficit suggests that core business activities are yet to achieve sustainable profitability, raising concerns about the quality and durability of recent earnings improvements.

Adding to the complexity, non-operating income accounted for an outsized 205.50% of profit before tax (PBT), indicating that a significant portion of profits stemmed from sources outside the company’s primary operations. While this has bolstered the bottom line in the short term, it also introduces volatility and questions about the sustainability of earnings growth.

Stock Price and Market Performance Overview

Olympic Cards Ltd’s stock price closed at ₹3.09 on 16 Feb 2026, up 3.00% from the previous close of ₹3.00. The stock traded within a range of ₹2.95 to ₹3.35 during the day, remaining below its 52-week high of ₹4.21 but comfortably above the 52-week low of ₹2.51. This price action reflects cautious optimism among investors amid mixed financial signals.

However, the company’s longer-term stock returns paint a more challenging picture. Over the past year, Olympic Cards has declined by 16.26%, significantly underperforming the Sensex, which gained 8.52% in the same period. The underperformance extends over three, five, and ten-year horizons, with the stock falling 4.63%, 6.36%, and a steep 82.84% respectively, while the Sensex posted robust gains of 36.73%, 60.30%, and 259.46% over these intervals.

Mojo Score and Analyst Ratings Reflect Cautious Sentiment

MarketsMOJO assigns Olympic Cards Ltd a Mojo Score of 39.0, categorising the stock with a Sell rating. This represents an upgrade from a previous Strong Sell grade as of 9 Feb 2026, signalling some improvement in the company’s outlook but still reflecting significant concerns. The Market Cap Grade stands at 4, indicating a relatively modest market capitalisation within its sector.

The rating upgrade aligns with the company’s improved financial trend and quarterly earnings, but the Sell grade underscores persistent risks related to operating losses and reliance on non-operating income. Investors should weigh these factors carefully when considering exposure to this micro-cap stock.

Sector Context and Competitive Positioning

Operating within the diversified consumer products sector, Olympic Cards Ltd faces competition from larger, more established players with stronger balance sheets and more consistent profitability. The sector itself has experienced mixed performance, with some companies benefiting from consumer demand recovery while others grapple with cost pressures and supply chain disruptions.

Olympic Cards’ recent revenue growth is a positive indicator of market traction, but the company must address its operating inefficiencies to capitalise fully on sector tailwinds. The current financial trajectory suggests a transitional phase, with potential for further improvement if operating margins can be restored.

Outlook and Investor Considerations

Olympic Cards Ltd’s recent quarterly results highlight a company in the midst of financial transition. The strong revenue growth and record EPS provide a foundation for optimism, yet the operating losses and outsized non-operating income contribution temper enthusiasm.

Investors should monitor upcoming quarters closely for signs of margin expansion and improved operating profitability. A sustained reduction in operating losses would be a critical milestone to validate the recent positive trend and justify a more favourable rating.

Given the stock’s historical underperformance relative to the Sensex and the current Sell rating, cautious investors may prefer to explore alternative opportunities within the diversified consumer products sector or related areas offering stronger fundamentals and momentum.

Summary

In summary, Olympic Cards Ltd has delivered a noteworthy quarterly performance marked by robust sales growth and record earnings per share. However, the company’s operating challenges and reliance on non-operating income highlight ongoing risks. The recent upgrade in financial trend and Mojo rating reflects improving fundamentals, but the stock’s longer-term underperformance and current Sell grade suggest that investors should approach with prudence and consider comparative options within the sector.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →