Stock Price Movement and Market Context
On the trading day, Shree Ganesh Elastoplast Ltd’s share price fell by 4.95%, underperforming its sector by 6.3%. This decline extends a two-day losing streak during which the stock has depreciated by 6.62%. The current price of Rs.13.26 stands well below the stock’s 52-week high of Rs.33.19, reflecting a substantial erosion of value over the past year.
The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling persistent downward momentum. This technical positioning indicates a lack of short- and long-term price support levels, which may be contributing to the ongoing price weakness.
In contrast, the broader market has shown resilience. The Sensex opened higher at 84,177.51 points, gaining 597.11 points (0.71%) and was trading at 84,065.75 points (0.58%) during the session. The index is currently 2.49% below its 52-week high of 86,159.02 and has recorded a three-week consecutive rise, gaining 3.1% over this period. Mega-cap stocks have been leading this market strength, highlighting a divergence between large-cap and micro-cap performance.
Financial Performance and Fundamental Assessment
Shree Ganesh Elastoplast Ltd’s financial metrics reveal ongoing challenges. The company has reported operating losses, which have contributed to a weak long-term fundamental profile. Its ability to service debt remains constrained, with an average EBIT to interest coverage ratio of just 0.20, indicating limited earnings relative to interest obligations.
Profitability has deteriorated sharply, with profits falling by 261.7% over the past year. This negative EBITDA position places the stock in a risky category when compared to its historical valuation averages. The company’s flat financial results reported in September 2025 further underscore the subdued earnings environment.
Over the last 12 months, the stock has generated a negative return of 58.09%, significantly underperforming the Sensex, which posted a positive return of 7.97% over the same period. Additionally, the stock has lagged behind the BSE500 index across multiple time frames, including the last three years, one year, and three months, reflecting persistent underperformance relative to broader market benchmarks.
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Shareholding and Market Capitalisation
The majority of Shree Ganesh Elastoplast Ltd’s shares are held by non-institutional investors, which may influence liquidity and trading dynamics. The company’s market capitalisation grade is rated at 4, reflecting its micro-cap status within the Trading & Distributors sector.
The stock’s Mojo Score currently stands at 12.0, with a Mojo Grade of Strong Sell as of 1 February 2025, an upgrade from the previous Sell rating. This grading reflects the company’s deteriorated financial health and elevated risk profile.
Sector and Industry Comparison
Within the Trading & Distributors sector, Shree Ganesh Elastoplast Ltd’s performance has been notably weaker than peers. The sector itself has experienced mixed results, but the company’s stock has underperformed sector averages by a significant margin, particularly in recent sessions.
The stock’s underperformance relative to the Sensex and sector benchmarks highlights the challenges faced by the company in maintaining competitive positioning and financial stability.
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Summary of Key Metrics
To summarise, Shree Ganesh Elastoplast Ltd’s stock has reached a new 52-week low of Rs.13.26, reflecting a 58.09% decline over the past year. The company’s financial indicators, including a poor EBIT to interest ratio and negative EBITDA, highlight ongoing difficulties in generating sustainable earnings. The stock’s technical indicators remain weak, trading below all major moving averages, while the broader market and sector indices have shown relative strength.
These factors collectively illustrate the current challenges faced by the company in both market valuation and financial performance.
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