Key Events This Week
16 Feb: Oswal Green Tech upgraded to 'Sell' rating by MarketsMOJO
16 Feb: Valuation grade shifts from expensive to fair
20 Feb: Week closes at Rs.27.68, down 4.32%
Monday, 16 February: Rating Upgrade Sparks Initial Optimism
On 16 February, Oswal Green Tech Ltd was upgraded by MarketsMOJO from a 'Strong Sell' to a 'Sell' rating, reflecting improvements in financial performance and valuation metrics. The company’s Mojo Score rose to 32.0, signalling a cautious but positive shift. This upgrade was underpinned by the company’s highest quarterly PBDIT of ₹3.40 crores and an operating profit margin of 26.07%, the best in recent quarters. Despite these gains, the stock price declined 3.32% to close at Rs.27.97, underperforming the Sensex which rose 0.70% that day. The downgrade in market sentiment may be attributed to lingering concerns over the company’s weak return on equity (0.80%) and negative long-term operating profit growth of -28.11%.
Tuesday, 17 February: Modest Recovery Amid Mixed Volume
Following the upgrade, the stock rebounded modestly on 17 February, gaining 1.47% to close at Rs.28.38. This rise outpaced the Sensex’s 0.32% gain, suggesting some investor confidence in the company’s improving fundamentals. However, trading volume dropped sharply to 4,461 shares from over 12,000 the previous day, indicating limited conviction behind the rally. The valuation shift from expensive to fair, with a P/E ratio of 37.19 and a low price-to-book ratio of 0.30, may have attracted value-focused investors despite the company’s negative EV/EBITDA ratio of -151.89.
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Wednesday, 18 February: Slight Decline on Thin Volume
The stock slipped 0.70% to Rs.28.18 on 18 February, with volume plunging to just 545 shares, reflecting very low trading activity. The Sensex continued its upward trajectory, gaining 0.43%. This divergence suggests that despite the positive rating and valuation changes, investor enthusiasm remained muted. The company’s reliance on non-operating income, which accounted for 71.50% of profit before tax, may have contributed to cautious sentiment given concerns about earnings sustainability.
Thursday, 19 February: Market Sell-Off Hits Stock Hard
On 19 February, Oswal Green Tech’s shares fell sharply by 1.95% to Rs.27.63, underperforming the Sensex which declined 1.45%. The volume increased to 6,693 shares, indicating stronger selling pressure amid broader market weakness. This drop further extended the stock’s weekly losses and highlighted the fragility of investor confidence despite the recent upgrade. The company’s weak return on capital employed (-0.72%) and modest promoter stakeholding of 70.01% may have weighed on sentiment.
Friday, 20 February: Marginal Gain Caps Volatile Week
The week ended with a slight 0.18% gain to Rs.27.68 on 20 February, on relatively low volume of 1,752 shares. The Sensex rebounded 0.41%, but Oswal Green Tech’s weekly performance remained negative at -4.32%. The stock’s trading range remained narrow, reflecting uncertainty among investors. The valuation shift to a fair grade and the improved Mojo rating have not yet translated into sustained price strength, as operational challenges and sector headwinds persist.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.27.97 | -3.32% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.28.38 | +1.47% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.28.18 | -0.70% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.27.63 | -1.95% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.27.68 | +0.18% | 36,674.32 | +0.41% |
Key Takeaways
Positive Signals: The upgrade from 'Strong Sell' to 'Sell' by MarketsMOJO reflects improved quarterly financials, including the highest-ever quarterly PBDIT of ₹3.40 crores and a 26.07% operating margin. The valuation shift from expensive to fair, with a P/E ratio of 37.19 and a low price-to-book ratio of 0.30, suggests the stock is more reasonably priced relative to its peers. Promoter stake increased to 70.01%, signalling insider confidence.
Cautionary Notes: Despite these improvements, the stock underperformed the Sensex by 4.71 percentage points over the week, closing down 4.32%. The company’s return on equity remains subdued at 0.80%, and operating profit growth is negative at -28.11% annually. A significant portion of profits derives from non-operating income (71.50%), raising concerns about earnings sustainability. The negative EV/EBITDA ratio (-151.89) and weak return on capital employed (-0.72%) highlight ongoing operational challenges. Trading volumes were inconsistent, reflecting uncertain investor conviction.
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Conclusion
Oswal Green Tech Ltd’s week was marked by a cautious upgrade in rating and valuation, reflecting some progress in financial performance and market perception. However, the stock’s 4.32% weekly decline against a Sensex gain of 0.39% underscores persistent investor scepticism amid operational weaknesses and reliance on non-core income. While the valuation shift to a fair grade and improved quarterly margins offer some optimism, the company’s subdued returns on equity and negative profit growth remain significant headwinds. Investors should remain attentive to upcoming financial disclosures and sector developments to better gauge the sustainability of this turnaround.
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