Shekhawati Industries Ltd Falls to 52-Week Low Amid Continued Downtrend

Stock Performance and Market Context

On 22 Jan 2026, Shekhawati Industries Ltd’s share price touched an intraday low of Rs.13.87, down 12.1% for the day and closing with a day change of -13.37%. This marks the sixth consecutive day of losses, during which the stock has declined by 23.69%. The stock’s volatility was notably high, with an intraday volatility of 9.94% based on the weighted average price. It underperformed its sector by 13.67% today, trading below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

In contrast, the broader market showed mixed signals. The Sensex opened higher at 82,459.66, gaining 0.67% at the open, though it was trading slightly lower at 82,169.57 at the time of reporting, down 0.32%. The Sensex remains 4.86% below its 52-week high of 86,159.02. Despite the recent three-week decline of 4.19% in the Sensex, mid-cap stocks led gains with the BSE Mid Cap index rising 0.94% today.

Shekhawati Industries Ltd’s 52-week high was Rs.31.59, highlighting the steep decline of over 56% from that peak. Over the past year, the stock has underperformed significantly, delivering a negative return of 54.10%, while the Sensex gained 7.54% over the same period.

Financial Performance and Fundamental Metrics

Shekhawati Industries Ltd’s recent financial results have been under pressure. The company reported a decline in net sales by 28.67% in the latest quarter, contributing to a series of negative results over the last five consecutive quarters. The net sales for the latest six months stood at Rs.5.14 crore, reflecting a sharp contraction of 84.50% compared to previous periods.

Profitability has also deteriorated, with the latest quarterly PAT (Profit After Tax) at a loss of Rs.0.51 crore, representing a fall of 133.8% relative to the average of the previous four quarters. The inventory turnover ratio for the half-year period is at a low 2.11 times, indicating slower movement of stock compared to industry norms.

The company’s debt servicing capacity remains constrained, with a Debt to EBITDA ratio of -1.00 times, signalling a weak ability to manage financial obligations. This has contributed to a downgrade in the company’s Mojo Grade from Sell to Strong Sell as of 20 Mar 2025, with a current Mojo Score of 15.0. The Market Cap Grade stands at 4, reflecting the company’s relatively modest market capitalisation within its sector.

Valuation and Shareholding

Despite the challenges, Shekhawati Industries Ltd exhibits a return on equity (ROE) of 33.7%, which is considered attractive. The stock trades at a price-to-book value of 3, indicating a valuation discount relative to its peers’ historical averages. However, the company’s profits have declined by 60.4% over the past year, aligning with the negative share price performance.

The majority shareholding remains with the promoters, who continue to hold a controlling stake in the company. This concentrated ownership structure is typical for firms in the Garments & Apparels sector but adds a layer of governance consideration for market participants.

Comparative Market Performance

Over the last year, Shekhawati Industries Ltd has lagged behind the broader market indices. While the BSE500 index generated returns of 7.06%, the stock delivered a negative return of 55.02%. This underperformance is consistent with the company’s declining profitability and subdued sales growth.

The stock’s current trading levels reflect a significant correction from its 52-week high of Rs.31.59, underscoring the market’s cautious stance towards the company’s near-term prospects. The stock’s placement below all major moving averages further highlights the prevailing bearish momentum.

Summary of Key Metrics

To summarise, Shekhawati Industries Ltd’s key financial and market indicators as of 22 Jan 2026 are:

• New 52-week low price: Rs.13.87


• Day’s low intraday fall: -12.1%


• Six-day consecutive decline: -23.69%


• Mojo Grade: Strong Sell (upgraded from Sell on 20 Mar 2025)


• Mojo Score: 15.0


• Market Cap Grade: 4


• Debt to EBITDA ratio: -1.00 times


• Net sales decline (latest quarter): -28.67%


• PAT decline (latest quarter): -133.8%


• Inventory turnover ratio (half-year): 2.11 times


• ROE: 33.7%


• Price to Book Value: 3

These figures illustrate the pressures faced by Shekhawati Industries Ltd in maintaining sales and profitability, which have been reflected in the stock’s recent price movements.

Market and Sector Overview

The Garments & Apparels sector has experienced mixed trends, with some companies showing resilience while others face headwinds from subdued demand and pricing pressures. Shekhawati Industries Ltd’s performance contrasts with the broader mid-cap segment, which has shown relative strength in recent sessions.

While the Sensex is currently trading below its 50-day moving average, the 50DMA remains above the 200DMA, indicating a longer-term positive trend for the benchmark index. However, the index has seen a three-week consecutive decline of 4.19%, reflecting some caution among investors.

Shekhawati Industries Ltd’s share price trajectory and fundamental metrics suggest that the stock remains under pressure relative to both the sector and the broader market indices.

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