Stock Performance and Market Context
On 20 Jul 2026, Shri Venkatesh Refineries Ltd’s share price surged by 3.03% to touch an intraday high of Rs.396, setting a new 52-week and all-time peak. This advance outpaced the broader Sensex, which declined by 0.77% on the same day, and also outperformed the edible oil sector by 2.67%. The stock has recorded consecutive gains over the past two sessions, delivering a cumulative return of 5.04% during this period.
Over longer horizons, the stock’s performance has been remarkable. It has delivered a 1-month return of 63.47%, a 3-month gain of 54.75%, and an impressive 1-year appreciation of 72.17%. Year-to-date, the stock has risen by 35.97%, contrasting sharply with the Sensex’s decline of 9.00% over the same timeframe. The three-year performance stands out with a staggering 483.43% increase, dwarfing the Sensex’s 14.76% gain. These figures underscore the stock’s strong momentum and resilience within its sector and the broader market.
Technical Indicators and Trend Analysis
The technical outlook for Shri Venkatesh Refineries Ltd is firmly bullish. The stock is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling robust upward momentum. The overall technical trend shifted to bullish on 17 Jul 2026 at a price level of Rs.384.35, reinforcing the positive trajectory.
Key technical indicators support this trend. The Moving Average Convergence Divergence (MACD) is bullish on both weekly and monthly charts, while Bollinger Bands also indicate bullishness. The Relative Strength Index (RSI) shows a bearish signal on the weekly scale but no significant signal monthly, suggesting some short-term caution amid the broader positive trend. Other indicators such as the Know Sure Thing (KST) and Dow Theory predominantly reflect bullish sentiment.
Immediate support is established at Rs.185.75, the 52-week low, while the stock has surpassed previous resistance levels around Rs.317.79 (20-day moving average), Rs.266.90 (100-day moving average), and Rs.272.15 (200-day moving average). The new all-time high at Rs.396 now represents a far resistance level to monitor.
Valuation Metrics and Financial Overview
At the current price of Rs.396, Shri Venkatesh Refineries Ltd trades at a price-to-earnings (P/E) ratio of 57x on a trailing twelve months (TTM) basis, reflecting elevated valuation multiples. The price-to-book value (P/BV) stands at 6.54x, while enterprise value multiples include EV/EBITDA at 39.37x and EV/EBIT at 40.86x. The EV/Sales ratio is 1.98x, and EV/Capital Employed is 2.67x. The PEG ratio is 2.31x, indicating the price relative to earnings growth.
Dividend metrics show a modest yield of 0.26%, with the latest dividend declared at Rs.1 per share and an ex-dividend date of 23 Sep 2025. Dividend payout data is not available, but the company has maintained a low dividend yield consistent with its growth and reinvestment profile.
The stock’s 52-week range spans from Rs.185.75 to Rs.396.00, with the current price exactly at the peak, representing a 113.19% increase from the low point within the year.
Delivery Volumes and Market Activity
Recent trading volumes have shown significant expansion. The one-month delivery volume increased by 603.09%, while the one-day delivery volume on 17 Jul 2026 surged by 159.12% compared to the five-day average. On 17 Jul 2026, the volume stood at 35.5 thousand shares, well above the trailing one-month average of 27.92 thousand and the previous month’s average of 3.97 thousand. This heightened activity reflects increased market participation and liquidity in the stock.
Quality Assessment and Financial Health
Shri Venkatesh Refineries Ltd is classified as an average quality company based on its long-term financial performance. The company’s valuation parameters have risen substantially compared to historical levels. Management risk is assessed as average, while growth and capital structure are below average.
Key quality factors include a 5-year sales growth rate of -4.48% and a 5-year EBIT growth of -4.80%, indicating some contraction over the medium term. The average EBIT to interest coverage ratio is 3.68x, which is considered weak, and the average debt to EBITDA ratio is high at 5.25, signalling elevated leverage. Net debt to equity is also high at 2.32, reflecting significant financial gearing.
Other metrics include an average sales to capital employed ratio of 2.81x and a tax ratio of 26.07%. The company has no promoter share pledging and very low institutional holdings at 0.05%. Return on capital employed (ROCE) averages 13.33%, which is weak, while return on equity (ROE) is relatively strong at 18.32%. Dividend payout ratio is zero, consistent with the low dividend yield.
Summary of Market Grade and Outlook
MarketsMOJO has upgraded Shri Venkatesh Refineries Ltd’s mojo grade from Sell to Hold as of 6 Jul 2026, reflecting improved market sentiment and performance. The current mojo score stands at 58.0, indicating a moderate stance on the stock. The company remains categorised as a micro-cap within the edible oil sector.
The stock’s recent price action, technical strength, and volume expansion have culminated in this all-time high milestone, marking a significant achievement in its market journey. While valuation multiples are elevated and quality metrics suggest areas for improvement, the stock’s performance relative to the Sensex and sector peers has been notably strong over multiple timeframes.
