Current Price and Market Context
On 24 Nov 2025, Sprayking's stock price settled at Rs.1.81, representing its lowest level in the past 52 weeks and also an all-time low. This price point contrasts sharply with the stock's 52-week high of Rs.6.33, illustrating a substantial contraction in value over the year. The stock underperformed its sector by 0.93% on the day, while the broader market, as measured by the Sensex, showed gains of 0.16%, trading at 85,369.59 points.
Notably, the Sensex is approaching its own 52-week high, currently just 0.51% below the peak of 85,801.70. The index has experienced a three-week consecutive rise, accumulating a 2.59% gain during this period. Mega-cap stocks have been the primary drivers of this market strength, with the Sensex trading above its 50-day and 200-day moving averages, signalling a generally bullish trend.
Technical Indicators for Sprayking
Sprayking's share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests sustained downward momentum and a lack of short- to medium-term price support. The stock's day change was recorded at -1.06%, further emphasising the current weakness relative to the broader market and its sector peers.
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Performance Comparison and Historical Returns
Over the last twelve months, Sprayking's stock has recorded a return of -67.73%, a stark contrast to the Sensex's positive return of 7.90% and the BSE500 index's 6.66% gain over the same period. This divergence highlights the stock's significant underperformance relative to the broader market and its sector.
Despite the negative price movement, Sprayking's profits have shown a different trend. The company's profits have risen by 56.3% over the past year, indicating some operational improvements amid the challenging stock price environment. The PEG ratio stands at 0.1, reflecting the relationship between the company's price and earnings growth.
Financial Metrics and Valuation
Sprayking's long-term financial metrics reveal a compound annual growth rate (CAGR) of operating profits at -0.19% over the last five years, indicating a slight contraction in profitability during this period. The company’s ability to service debt is constrained, with a Debt to EBITDA ratio of 3.73 times, suggesting elevated leverage relative to earnings before interest, tax, depreciation, and amortisation.
Quarterly financial highlights include a highest PBDIT (Profit Before Depreciation, Interest and Tax) of Rs.5.63 crores and an operating profit to net sales ratio peaking at 28.64%. The highest Profit Before Tax less Other Income (PBT less OI) was Rs.4.04 crores. These figures reflect pockets of operational strength despite the overall price weakness.
Return on Capital Employed (ROCE) is reported at 9.1%, which is considered a very attractive valuation metric. The enterprise value to capital employed ratio stands at 1, indicating that the stock is trading at a discount compared to its peers' average historical valuations.
Shareholding and Market Position
The majority of Sprayking's shares are held by non-institutional investors, which may influence trading patterns and liquidity. The company operates within the Other Industrial Products sector, a segment that has seen mixed performance across its constituents.
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Summary of Key Factors Affecting Sprayking's Stock
Sprayking's stock has been influenced by several factors, including its subdued long-term growth in operating profits and a relatively high debt burden. The stock's trading below all major moving averages signals persistent downward pressure. Meanwhile, the broader market and sector indices have shown resilience and gains, underscoring the stock's relative weakness.
Despite the stock's price decline, the company has demonstrated some positive financial indicators, such as improved quarterly profits and attractive valuation metrics. These contrasting elements illustrate the complex dynamics at play in Sprayking's current market position.
Market Environment and Sector Overview
The broader market environment remains positive, with the Sensex trading near its 52-week high and supported by strong performances from mega-cap stocks. The Other Industrial Products sector, to which Sprayking belongs, has experienced mixed results, with some constituents outperforming while others face headwinds.
Sprayking's underperformance relative to both the Sensex and its sector peers highlights the challenges faced by the company in maintaining investor confidence and market valuation.
Conclusion
Sprayking Ltd's stock reaching a 52-week low of Rs.1.81 marks a significant milestone in its recent trading history. The stock's performance contrasts with the broader market's upward trajectory and reflects specific financial and valuation challenges. While the company shows some positive profit trends and attractive valuation ratios, the stock remains under pressure, trading below all key moving averages and lagging behind market benchmarks.
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