Seya Industries Hits All-Time Low Amid Ongoing Financial Struggles and High Debt Concerns

Seya Industries, a microcap player in the chemicals sector, has experienced significant volatility, particularly as it recently touched an all-time low. The stock's performance today reflects a decline of 6.96%, underperforming the Sensex, which gained 0.42%. Over the past week, Seya Industries has dropped by 10.80%, and its one-month performance shows a staggering decrease of 30.97%.
The company's financial health appears concerning, with a high debt-to-EBITDA ratio of 103.03 times, indicating a low ability to service its debt. Additionally, Seya Industries reported a net profit after tax of Rs -1.47 crore for the latest quarter, marking a significant decline of 117% compared to the previous four-quarter average. The company's net sales for the first nine months also fell by 21.01%, further highlighting its struggles.

Technical indicators suggest a bearish trend, with the stock trading below its moving averages across various time frames. Over the past three years, Seya Industries has consistently underperformed against the benchmark, reflecting ongoing challenges in its operational performance and profitability.