Shekhawati Industries Stock Plummets to 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 challenging year, with the company's performance showing a stark contrast to the broader market, as it has underperformed with a 1-year return of -55.11%, while the Sensex has gained 9.20% over the same period.
Despite today's performance, where Shekhawati Industries outperformed its sector by 2.3%, the stock continues to trade below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The company has faced difficulties, reporting negative results for the last four consecutive quarters, with net sales declining by 82.55% in the latest six months.

Additionally, Shekhawati Industries has a high Debt to EBITDA ratio of -1.00 times, reflecting low capacity to service its debt. With a return on equity (ROE) of 33.7 and a price-to-book value of 3.7, the stock is trading at a discount compared to its peers, but the overall financial health remains a concern.