Shekhawati Industries Hits New 52-Week Low at Rs. 18.87

Shekhawati Industries, a microcap player in the Garments & Apparels sector, has reached a new 52-week low of Rs. 18.87 today, marking a significant downturn for the stock. This decline comes after a period of consecutive falls, although the stock has shown some resilience by outperforming its sector by 2.3% today.
Over the past year, Shekhawati Industries has faced considerable challenges, with a staggering 55.11% drop in its stock price, contrasting sharply with the Sensex's positive performance of 9.23%. The company's financial metrics reveal a troubling trend, with net sales declining by 82.55% over the latest six months and a negative growth rate of 64.87% in profit after tax for the past nine months.

Additionally, Shekhawati Industries is trading below its moving averages across various time frames, indicating a persistent downward trend. The company's ability to service its debt is also a concern, highlighted by a high Debt to EBITDA ratio. Despite these challenges, the stock's return on equity stands at 33.7, suggesting some underlying valuation appeal compared to its peers.