Stock Price Movement and Market Context
On 3 Feb 2026, Olympic Oil Industries Ltd’s share price touched an intraday low of Rs.24.01, representing a 4.72% decline on the day. This new low comes after two consecutive days of losses, during which the stock has fallen by 9.12%. The stock’s underperformance is notable against its sector, which gained 2.51% on the same day, and it lagged behind the sector by 7.13%. Furthermore, the stock has not traded on two days out of the last 20, indicating some irregularity in trading activity.
The broader market environment was mixed, with the Sensex opening sharply higher by 3,656.74 points but subsequently retreating by 1,382.14 points to close at 83,941.06, down 2.79%. Despite this pullback, the Sensex remains close to its 52-week high of 86,159.02, just 2.64% away. Mega-cap stocks led the market gains, while Olympic Oil Industries Ltd, a micro-cap, continued to face downward pressure.
Technical Indicators and Trading Patterns
Olympic Oil Industries Ltd is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests sustained bearish momentum. The stock’s 52-week high was Rs.51.65, indicating a steep decline of over 53% from that peak. The persistent downward trend and failure to regain critical moving average levels underscore the challenges faced by the stock in regaining investor confidence.
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Financial Performance and Fundamental Metrics
Olympic Oil Industries Ltd’s financial indicators reveal several areas of concern. The company holds a negative book value, reflecting weak long-term fundamental strength. Over the past five years, net sales growth has been negligible, with operating profit remaining flat at 0%. This stagnation in core financial metrics points to limited expansion or profitability improvement.
The company’s debt profile is also notable, with an average debt-to-equity ratio of zero, indicating a high debt burden relative to equity. This financial structure adds to the risk profile of the stock, especially given the company’s negative EBITDA, which signals that earnings before interest, taxes, depreciation, and amortisation are below zero. Such a position can constrain operational flexibility and investment capacity.
Recent Quarterly Results and Cash Position
In the half-year period ending September 2025, Olympic Oil Industries Ltd reported flat results, with cash and cash equivalents at a low of Rs.0.31 crore. This limited liquidity position may restrict the company’s ability to manage short-term obligations or invest in growth initiatives. The combination of flat earnings and minimal cash reserves contributes to the cautious outlook surrounding the stock.
Comparative Performance and Market Capitalisation
Over the last year, Olympic Oil Industries Ltd has delivered a total return of -39.98%, significantly underperforming the Sensex, which gained 8.75% during the same period. The stock has also lagged behind the broader BSE500 index over one, three, and three-month intervals. Its market capitalisation grade is rated 4, reflecting its micro-cap status and associated liquidity and volatility considerations.
The company’s Mojo Score stands at 12.0, with a Mojo Grade of Strong Sell as of 1 July 2025, downgraded from Sell. This grading reflects the deteriorated financial health and valuation concerns. The majority of shareholders are non-institutional, which may influence trading patterns and stock stability.
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Trading Activity and Volatility
The stock’s trading activity has been erratic, with no trades recorded on two days in the last 20 trading sessions. This irregularity can contribute to increased volatility and price gaps. The consecutive declines over recent sessions and the failure to hold above key moving averages suggest persistent selling pressure.
Despite the sector’s modest gains, Olympic Oil Industries Ltd’s share price continues to trend downward, reflecting company-specific factors rather than broader industry movements. The stock’s performance relative to its sector and the overall market highlights the challenges it faces in regaining momentum.
Summary of Key Metrics
To summarise, Olympic Oil Industries Ltd’s stock has declined to Rs.24.01, its lowest level in 52 weeks, after a series of negative returns and underwhelming financial results. The company’s negative book value, flat sales and operating profit growth, negative EBITDA, and low cash reserves contribute to a cautious assessment of its current standing. The stock’s technical indicators and trading patterns further reinforce the subdued sentiment.
While the broader market and sector have shown resilience, Olympic Oil Industries Ltd remains under pressure, reflecting its unique financial and operational circumstances.
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