SPL Industries Ltd Stock Hits 52-Week Low Amid Continued Downtrend

Stock Price Movement and Market Context

On 23 Jan 2026, SPL Industries Ltd recorded a new 52-week low price of Rs.26.6, continuing a six-day losing streak that has resulted in a cumulative decline of 15.56% over this period. The stock’s day change was negative by 0.93%, underperforming the Garments & Apparels sector by 0.95%. This decline contrasts with the broader market, where the Sensex opened flat and traded marginally lower at 82,275.36, down 0.04% from the previous close. Notably, the Sensex remains 4.72% below its 52-week high of 86,159.02, while mid-cap stocks showed modest gains, with the BSE Mid Cap index rising by 0.13%.

SPL Industries is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish trend. This technical positioning underscores the stock’s current weakness relative to its historical price levels.

Financial Performance and Growth Trends

The company’s financial metrics reveal a challenging environment. Over the past five years, SPL Industries has experienced a negative compound annual growth rate (CAGR) in net sales of -6.15%, while operating profit has deteriorated sharply by -185.81%. The latest quarterly results, declared in September 2025, were notably weak, with net sales plunging by 62.09% to Rs.14.97 crores. Profit before tax excluding other income (PBT less OI) fell drastically by 703.77% to a loss of Rs.3.20 crores, and the net profit after tax (PAT) declined by 105.0% to a loss of Rs.0.20 crores.

The company has reported negative results for four consecutive quarters, reflecting sustained pressure on its earnings and operational scale. This trend has contributed to the stock’s classification as a Strong Sell by MarketsMOJO, with a Mojo Score of 15.0 and a recent downgrade from Sell to Strong Sell on 15 Dec 2025. The Market Cap Grade stands at 4, indicating a relatively modest market capitalisation compared to peers.

Valuation and Risk Profile

The stock’s valuation metrics indicate elevated risk levels. SPL Industries has generated a negative return of -51.64% over the past year, significantly underperforming the Sensex, which posted a positive return of 7.54% during the same period. Profitability has also declined sharply, with profits falling by 68.8% year-on-year. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) remain negative, adding to concerns about its financial stability.

Over the last three years, SPL Industries has consistently underperformed the BSE500 benchmark, reflecting persistent challenges in maintaining competitive performance. Despite these headwinds, the company maintains a low average debt-to-equity ratio of zero, indicating limited leverage and a conservative capital structure.

Institutional Shareholding Trends

Institutional investors have marginally increased their stake in SPL Industries by 1.14% over the previous quarter, now collectively holding 1.59% of the company’s shares. This modest rise in institutional participation suggests some level of continued interest from investors with greater analytical resources, despite the stock’s recent performance.

Comparative Performance and Sectoral Context

Within the Garments & Apparels sector, SPL Industries’ performance has lagged behind peers and sector averages. The stock’s 52-week high was Rs.64.45, indicating a substantial decline of nearly 59% from that peak to the current 52-week low. This contrasts with the broader market’s relative resilience, as the Sensex remains close to its own 52-week high and mid-cap stocks have shown modest gains.

The company’s subdued sales growth and profitability metrics over the medium to long term have contributed to its current market valuation and rating. The downgrade to a Strong Sell reflects these ongoing challenges and the stock’s relative risk profile compared to sector and market benchmarks.

Summary of Key Metrics

- New 52-week low price: Rs.26.6 (23 Jan 2026)
- Six consecutive days of decline, cumulative loss of 15.56%
- One-year return: -51.64%
- Five-year net sales CAGR: -6.15%
- Five-year operating profit decline: -185.81%
- Latest quarterly net sales: Rs.14.97 crores, down 62.09%
- Quarterly PBT less OI: Rs.-3.20 crores, down 703.77%
- Quarterly PAT: Rs.-0.20 crores, down 105.0%
- Mojo Score: 15.0 (Strong Sell)
- Market Cap Grade: 4
- Institutional holding: 1.59%, increased by 1.14% last quarter
- Debt to Equity ratio: 0 (average)

The data highlights the stock’s current position within the market and its financial trajectory, providing a comprehensive view of the factors influencing its recent price movements.

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