Stock Performance and Market Context
On 10 Aug 2026, Shri Venkatesh Refineries Ltd recorded an intraday high of Rs.531, marking its highest price ever. The stock opened with a notable gap up of 4.97% and closed with a day gain of 1.59%, outperforming the Sensex, which declined by 0.22% on the same day. This price movement also outpaced the edible oil sector by 1.57%, underscoring the stock’s relative strength within its industry.
The stock has demonstrated remarkable consistency, registering gains for 11 consecutive trading sessions. Over this period, it has delivered a cumulative return of 37.3%, a performance that significantly surpasses the broader market indices. The upward trend is further supported by the stock trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a robust bullish momentum.
Long-Term Returns and Comparative Analysis
Examining the stock’s performance over various time horizons reveals a compelling growth trajectory. Over the past three months, Shri Venkatesh Refineries Ltd surged by 130.29%, while the Sensex rose by a modest 1.30%. The one-year return stands at an impressive 114.13%, contrasting with the Sensex’s decline of 1.91% during the same period. Year-to-date, the stock has appreciated by 76.45%, whereas the Sensex has fallen by 8.09%.
Over a longer timeframe, the stock’s three-year return is extraordinary at 715.71%, dwarfing the Sensex’s 19.24% gain. However, data for five- and ten-year returns are not available, indicating either a recent listing or lack of historical pricing data for those periods. These figures highlight the stock’s exceptional growth relative to the broader market and its sector peers.
Valuation Metrics and Financial Ratios
As of 10 Aug 2026, the stock was trading at Rs.513.90, slightly below its intraday high. The valuation multiples reflect a premium pricing consistent with its growth profile. The price-to-earnings (P/E) ratio stands at 74x on a trailing twelve months (TTM) basis, indicating high investor expectations for earnings growth. The price-to-book value (P/BV) ratio is 8.58x, while the enterprise value to EBITDA (EV/EBITDA) ratio is 48.43x, both suggesting elevated valuation levels.
Other valuation multiples include an EV/EBIT ratio of 50.26x and an EV/sales ratio of 2.44x. The PEG ratio, which adjusts the P/E for growth, is 3.03x, signalling that the stock is priced with a premium relative to its earnings growth rate. Dividend yield remains modest at 0.20%, with the latest dividend declared at Rs.1 per share and an ex-dividend date of 23 Sep 2025.
Technical Analysis and Market Indicators
The overall technical trend for Shri Venkatesh Refineries Ltd is bullish, with the trend having shifted decisively on 17 Jul 2026 at a price level of Rs.384.35. Key technical indicators reinforce this positive outlook: the Moving Average Convergence Divergence (MACD) is bullish on both weekly and monthly charts, Bollinger Bands signal bullish momentum, and the Dow Theory confirms an upward trend.
However, the Relative Strength Index (RSI) shows bearish signals on weekly and monthly timeframes, suggesting some caution regarding short-term overbought conditions. The KST indicator is bullish weekly but mildly bearish monthly, indicating mixed momentum signals over different periods.
Support and resistance levels are well defined, with immediate support at the 52-week low of Rs.185.75 and immediate resistance near the 20-day moving average at Rs.412.04. The major resistance levels at the 100-day and 200-day moving averages stand at Rs.291.45 and Rs.285.48 respectively, all of which have been surpassed as the stock reached its new high.
Delivery Volumes and Trading Activity
Recent delivery volumes indicate increased investor participation. The one-day delivery volume on 6 Aug 2026 was 12.88 thousand shares, representing 100% of the traded volume, with a 61.13% increase compared to the five-day average. The trailing one-month average delivery volume was 23.74 thousand shares, slightly higher than the previous month’s 23.04 thousand shares, reflecting steady trading interest.
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 significantly compared to historical levels. Key quality factors reveal a 5-year sales growth decline of 4.48% and a 5-year EBIT growth decline of 4.80%, indicating some challenges in growth metrics.
Financial leverage is relatively high, with an average debt to EBITDA ratio of 5.25 and net debt to equity ratio of 2.32. The average EBIT to interest coverage ratio is 3.68x, suggesting moderate ability to service debt. Return on capital employed (ROCE) is weak at 13.33%, while return on equity (ROE) is comparatively stronger at 18.32%. The company maintains a tax ratio of 26.07% and has no promoter share pledging, which is a positive governance indicator.
Mojo Score and Market Rating
According to MarketsMOJO, Shri Venkatesh Refineries Ltd holds a Mojo Score of 58.0, with a current Mojo Grade of ‘Hold’. This represents an upgrade from the previous ‘Sell’ rating as of 6 Jul 2026. The company is categorised as a micro-cap stock within the edible oil sector. This rating reflects a balanced view of the company’s valuation, quality, and market performance.
Summary of Key Metrics
The stock’s 52-week range spans from Rs.185.75 to Rs.531.00, with the current price just 3.22% below the all-time high. The stock’s consistent gains over recent months and years, combined with its strong technical indicators and upgraded market rating, underscore the significance of this milestone.
While valuation multiples remain elevated, reflecting high growth expectations, the company’s financial quality and leverage metrics suggest areas for cautious monitoring. Nonetheless, the achievement of an all-time high price marks a noteworthy chapter in Shri Venkatesh Refineries Ltd’s market journey.
