Shiva Texyarn Hits 52-Week Low Amidst Mixed Financial Performance and Market Volatility

Shiva Texyarn, a microcap player in the Garments & Apparels industry, has experienced significant activity today, hitting a new 52-week low of Rs. 169.25. This decline comes after a four-day streak of losses, although the stock has shown some resilience by gaining 5.05% intraday, reaching a high of Rs. 179.05. Notably, it has outperformed its sector by 4.68% today, despite high volatility, with an intraday fluctuation of 5%.
In terms of financial performance, Shiva Texyarn has reported a 28.13% growth in net sales over the last six months, amounting to Rs. 167.76 crore, while profit after tax (PAT) has surged by 32.97% to Rs. 8.63 crore. However, the company faces challenges with a low return on capital employed (ROCE) of 5.56% and a high debt-to-EBITDA ratio of 7.46 times, indicating difficulties in servicing its debt.

Over the past year, the stock has underperformed the BSE500 index, generating a return of -1.62%, contrasting with the Sensex's performance of 1.59%. Despite these challenges, the company has declared positive results for the last four consecutive quarters, suggesting some operational stability amidst broader market fluctuations.