Shree Ganesh Elastoplast Ltd Falls to 52-Week Low of Rs.13.23

Stock Price Movement and Market Context

On 26 Feb 2026, Shree Ganesh Elastoplast Ltd’s share price closed at Rs.13.23, down 4.96% on the day, underperforming its sector by 3.94%. This new low contrasts starkly with its 52-week high of Rs.27.19, representing a decline of over 51% from the peak price recorded within the last year. The stock’s trading activity has been erratic, with no trades recorded on three of the last twenty trading days, indicating subdued market interest and liquidity concerns.

Technical indicators further highlight the bearish trend, as the stock is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling sustained downward momentum. This contrasts with the broader market, where the Sensex, despite a volatile session, remains relatively resilient, trading at 82,248.61 points, just 4.75% below its 52-week high of 86,159.02. The Sensex’s 50-day moving average remains above its 200-day average, suggesting a more stable medium-term outlook for the benchmark index compared to Shree Ganesh Elastoplast Ltd.

Financial Performance and Fundamental Assessment

Over the past year, Shree Ganesh Elastoplast Ltd has delivered a negative return of 37.77%, significantly lagging behind the Sensex’s positive 10.25% gain over the same period. This underperformance is consistent with the company’s deteriorating financial metrics. The firm reported flat results for the quarter ended December 2025, failing to generate meaningful growth or improvement in profitability.

The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) have been negative, reflecting ongoing difficulties in generating operational cash flow. This has contributed to a weak long-term fundamental strength rating, with the company’s ability to service debt assessed as poor. The average EBIT to interest ratio stands at a low 0.05, indicating that earnings are insufficient to cover interest expenses comfortably, raising concerns about financial sustainability.

Valuation and Risk Profile

Shree Ganesh Elastoplast Ltd’s stock is currently trading at valuations considered risky relative to its historical averages. The company’s profits have declined by 173% over the past year, exacerbating concerns about its earnings quality and growth prospects. This has led to a downgrade in its Mojo Grade from Sell to Strong Sell as of 1 Feb 2025, with a current Mojo Score of 12.0, reflecting heightened caution among market analysts.

The stock’s market capitalisation grade is rated at 4, indicating a relatively small market cap compared to peers, which may contribute to higher volatility and lower liquidity. Majority shareholding remains with non-institutional investors, which can sometimes result in less stable shareholding patterns and influence on corporate governance.

Comparative Performance and Sectoral Positioning

Shree Ganesh Elastoplast Ltd operates within the Trading & Distributors sector, which has seen mixed performance in recent months. The company’s stock has consistently underperformed not only the Sensex but also the BSE500 index over the last three annual periods. This persistent lag highlights structural challenges in the company’s business model and market positioning.

While the broader market has shown resilience, Shree Ganesh Elastoplast Ltd’s share price trajectory suggests that it has not benefited from sectoral tailwinds. The stock’s failure to maintain levels above key moving averages and its decline to a new 52-week low underscore the difficulties it faces in regaining investor confidence and market footing.

Shareholding and Market Liquidity

The majority of the company’s shares are held by non-institutional investors, which may contribute to less predictable trading patterns and lower institutional support. The stock’s erratic trading behaviour, with multiple non-trading days in recent weeks, further reflects subdued liquidity and market interest. This can amplify price volatility and complicate price discovery for the stock.

Summary of Key Metrics

To summarise, Shree Ganesh Elastoplast Ltd’s current stock price of Rs.13.23 represents a significant decline from its 52-week high of Rs.27.19, reflecting a 51.3% drop. The stock’s one-year return of -37.77% contrasts with the Sensex’s positive 10.25% gain, underscoring its relative underperformance. The company’s Mojo Grade of Strong Sell and a low EBIT to interest ratio of 0.05 highlight ongoing financial stress. Negative EBITDA and flat quarterly results further compound concerns about earnings quality and growth potential.

Trading below all major moving averages and experiencing erratic liquidity, the stock remains under pressure in a market environment where the broader indices show more stability. The predominance of non-institutional shareholders and a small market capitalisation grade add to the stock’s risk profile.

Market Environment and Broader Indices

On the day of the stock’s new low, the Sensex opened positively, gaining 142.71 points initially, but reversed to close marginally lower by 0.03%, down 170.17 points at 82,248.61. Despite this minor dip, the benchmark index remains close to its 52-week high, supported by a 50-day moving average that remains above the 200-day average, signalling a generally positive medium-term trend for the broader market. This divergence between the benchmark and Shree Ganesh Elastoplast Ltd’s stock performance highlights the company-specific challenges impacting its share price.

Conclusion

Shree Ganesh Elastoplast Ltd’s fall to a 52-week low of Rs.13.23 reflects a combination of weak financial metrics, persistent underperformance relative to benchmarks, and subdued market interest. The stock’s current valuation and technical indicators suggest continued caution in the near term. While the broader market maintains relative strength, the company’s specific challenges have resulted in a marked decline in shareholder value over the past year.

Only Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Start Today