Stock Price Movement and Market Context
On 12 Feb 2026, Pan Electronics opened with a positive gap of 5%, reaching an intraday high of Rs.38.67. However, the stock reversed course during the trading session, closing at its lowest point of Rs.35.03, down 4.89% on the day. This decline extended a two-day losing streak, during which the stock has fallen by 9.25%. The day’s performance also lagged behind the industrial manufacturing sector by 4.34%, signalling relative weakness.
Notably, Pan Electronics is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring the prevailing bearish momentum. This technical positioning suggests that the stock has struggled to regain upward traction over multiple time horizons.
Meanwhile, the broader market environment has been mixed. The Sensex opened lower by 265.21 points and closed down 246.83 points at 83,721.60, a 0.61% decline. Despite this, the Sensex remains within 2.91% of its 52-week high of 86,159.02 and has recorded a 2.68% gain over the past three weeks. The index trades below its 50-day moving average, though the 50DMA remains above the 200DMA, indicating some underlying market resilience.
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Financial Performance and Fundamental Assessment
Pan Electronics has experienced a challenging financial trajectory over recent years. The company’s net sales have grown at an annualised rate of 44.36% over the last five years, yet operating profit has remained stagnant at 0% growth during the same period. This disparity highlights difficulties in translating revenue growth into profitability.
The latest quarterly results for December 2025 revealed a PBDIT (Profit Before Depreciation, Interest, and Taxes) of Rs.-0.37 crore, marking the lowest level recorded in recent quarters. The company’s EBITDA remains negative, which contributes to its classification as a high-risk stock relative to its historical valuation averages.
Despite these challenges, reported profits have risen by 53.5% over the past year, a figure that contrasts with the stock’s price performance. Over the last 12 months, Pan Electronics has delivered a total return of -50.59%, significantly underperforming the Sensex, which gained 9.91% over the same period. This divergence indicates that market sentiment has not aligned with the company’s profit growth.
Credit Profile and Shareholding Structure
The company carries a high debt burden, with an average debt-to-equity ratio of 0 times, indicating reliance on debt financing. This financial leverage adds to the risk profile, especially given the lack of recent declared results over the past six months, which has contributed to uncertainty around the company’s long-term fundamentals.
Promoters remain the majority shareholders, maintaining control over the company’s strategic direction. However, the absence of recent financial disclosures has limited transparency for market participants.
Comparative Performance and Market Position
Pan Electronics has underperformed not only the Sensex but also the BSE500 index over multiple time frames, including the last three years, one year, and three months. This consistent underperformance reflects broader concerns about the company’s growth prospects and market competitiveness within the industrial manufacturing sector.
The stock’s 52-week high was Rs.78.25, indicating that the current price level of Rs.35.03 represents a decline of over 55% from its peak. This substantial drop underscores the challenges faced by the company in regaining investor confidence and market valuation.
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Mojo Score and Analyst Ratings
Pan Electronics holds a Mojo Score of 12.0, categorised as a Strong Sell, an upgrade from its previous Sell rating as of 9 Apr 2025. This rating reflects the company’s weak long-term fundamental strength and elevated risk profile. The market capitalisation grade stands at 4, indicating a relatively small market cap within its sector.
The downgrade in sentiment is consistent with the company’s recent financial disclosures and stock price performance, reinforcing the cautious stance adopted by analysts and rating agencies.
Summary of Key Metrics
To summarise, Pan Electronics (India) Ltd’s stock has reached a new 52-week low of Rs.35.03, reflecting a sustained decline over recent sessions. The stock’s underperformance relative to sector peers and the broader market, combined with negative EBITDA, flat operating profit growth, and a high debt profile, contribute to its current valuation challenges. Despite some profit growth, the company’s financial disclosures have been limited, adding to market uncertainty.
Trading below all major moving averages and with a Mojo Grade of Strong Sell, the stock remains under pressure amid a mixed market backdrop where the Sensex continues to show resilience.
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