SMT Engineering Ltd Hits New 52-Week High at Rs.238.35

Record-Breaking Price Movement

On 14 Jan 2026, SMT Engineering Ltd's stock price surged to Rs.238.35, setting a fresh 52-week high and surpassing all previous price levels. The stock opened at this peak price and maintained it throughout the trading session, reflecting strong demand and stability at this elevated level. This marks a substantial increase from its 52-week low of Rs.9.29, underscoring an extraordinary appreciation of over 2,465% in the past year.

Consistent Uptrend and Market Outperformance

The stock has demonstrated a robust upward trajectory, gaining for 16 consecutive trading days and delivering a cumulative return of 36.98% during this period. This sustained rally has outperformed its sector by 1.78% on the day of the new high, highlighting SMT Engineering’s relative strength within the Trading & Distributors industry. The stock currently trades above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical momentum.

Market Context and Sector Performance

While the broader Sensex index opened lower at 83,358.54 points, down 269.15 points (-0.32%), SMT Engineering Ltd’s stock defied the general market trend. The Sensex remains 3.1% below its own 52-week high of 86,159.02, with the index trading below its 50-day moving average but maintaining a positive 50DMA to 200DMA alignment. Small-cap stocks led the market gains, with the BSE Small Cap index rising by 0.18%, providing a favourable backdrop for SMT Engineering’s rally.

Financial Performance Driving the Rally

SMT Engineering Ltd’s impressive price appreciation is supported by strong fundamental growth. The company has reported a compound annual growth rate in net sales of 200.71%, accompanied by an operating profit growth rate of 103.44%. Net profit has surged by 170.21%, with the latest quarterly results declaring a PBDIT of Rs.9.63 crore and PBT (excluding other income) of Rs.8.53 crore, both at record highs.

The company has consistently delivered positive results for three consecutive quarters, reflecting operational resilience and expanding profitability. Additionally, the debtors turnover ratio for the half-year period stands at a high 2.77 times, indicating efficient receivables management.

Valuation and Market Standing

Despite the rapid price appreciation, SMT Engineering Ltd’s valuation metrics suggest a premium positioning. The stock holds a Mojo Score of 75.0 and a current Mojo Grade of Buy, recently revised from Strong Buy on 8 Dec 2025. The market capitalisation grade is rated 4, reflecting a mid-sized market cap with growth potential. The company’s PEG ratio is notably low at 0.2, indicating that earnings growth is outpacing price increases, which may appeal to valuation-conscious investors.

Shareholding and Capital Structure

The majority shareholding remains with the promoters, providing stability in ownership and strategic direction. However, the company’s return on capital employed (ROCE) averages a modest 2.40%, and return on equity (ROE) stands at 7.25%, suggesting room for improvement in capital efficiency. The EBIT to interest coverage ratio is 1.39, indicating a cautious stance on debt servicing capacity.

Comparative Market Returns

Over the past year, SMT Engineering Ltd has delivered an extraordinary return of 2,465.66%, vastly outperforming the Sensex’s 9.25% gain and the BSE500’s 9.13% return. This market-beating performance highlights the company’s exceptional growth trajectory within the Trading & Distributors sector and the broader market.

Technical Indicators and Momentum

The stock’s current trading above all major moving averages confirms a strong bullish momentum. The 5-day, 20-day, 50-day, 100-day, and 200-day moving averages all lie below the current price of Rs.238.35, signalling sustained buying interest and technical strength. The day’s price change of +1.99% further emphasises the positive sentiment surrounding the stock.

Summary of Key Metrics

To summarise, SMT Engineering Ltd’s new 52-week high is supported by:

• New all-time high price of Rs.238.35


• 16 consecutive days of gains with 36.98% returns in this period


• Annual net sales growth of 200.71% and operating profit growth of 103.44%


• Record quarterly PBDIT of Rs.9.63 crore and PBT (ex-OI) of Rs.8.53 crore


• Strong debtors turnover ratio of 2.77 times


• Mojo Score of 75.0 with a Buy grade


• Market capitalisation grade of 4


• Outstanding 1-year return of 2,465.66% versus Sensex’s 9.25%

These factors collectively illustrate the stock’s remarkable performance and the momentum that has propelled it to this new high.

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