Stock Price Movement and Market Context
On 2 Feb 2026, Tirupati Sarjan Ltd’s share price slipped to Rs.7.99, the lowest level recorded in the past year. This decline comes after two consecutive days of losses, during which the stock has fallen by 7.37%. The day’s performance saw the stock underperform its realty sector peers by 1.07%, continuing a trend of relative weakness. Notably, the share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained bearish sentiment.
In contrast, the broader market showed resilience on the same day. The Sensex, after opening 167.26 points lower, rebounded sharply by 683.13 points to close at 81,238.81, a gain of 0.64%. Despite this recovery, the Sensex remains below its 50-day moving average, though the 50DMA itself is positioned above the 200DMA, indicating a mixed technical outlook. Mega-cap stocks led the market rally, highlighting a divergence between large-cap strength and mid-to-small cap struggles such as Tirupati Sarjan.
Long-Term Performance and Relative Comparison
Over the past year, Tirupati Sarjan Ltd has delivered a negative return of 48.24%, a stark contrast to the Sensex’s positive 4.82% gain during the same period. The stock’s 52-week high was Rs.17.84, underscoring the magnitude of the decline. Furthermore, the company has underperformed the BSE500 index over the last three years, one year, and three months, reflecting persistent challenges in maintaining competitive performance within the realty sector.
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Financial Metrics and Fundamental Assessment
Tirupati Sarjan Ltd’s financial profile continues to reflect subdued fundamentals. The company’s long-term Return on Capital Employed (ROCE) stands at 7.89%, which is considered weak relative to industry standards. Over the past five years, net sales have grown at an annualised rate of 14.47%, while operating profit has expanded marginally at 1.30%, indicating limited margin improvement.
Debt servicing capacity remains a concern, with a high Debt to EBITDA ratio of 4.31 times, suggesting elevated leverage and potential strain on cash flows. The company’s recent quarterly results for September 2025 further highlight challenges, with net sales declining by 22.92% to Rs.37.83 crores. Profit before tax excluding other income (PBT less OI) reached a low of Rs.1.06 crore, while earnings per share (EPS) dropped to Rs.0.31, the lowest in recent quarters.
Valuation and Market Perception
Despite the subdued financial performance, Tirupati Sarjan Ltd’s valuation metrics indicate a relatively attractive entry point. The company’s ROCE of 7.5 corresponds with a low enterprise value to capital employed ratio of 0.5, suggesting the stock is trading at a discount compared to its peers’ historical averages. The price-to-earnings-to-growth (PEG) ratio stands at 0.8, reflecting modest profit growth of 7.6% over the past year despite the share price decline.
Majority shareholding remains with non-institutional investors, which may influence liquidity and trading dynamics. The stock’s Mojo Score is 17.0, with a Mojo Grade of Strong Sell as of 30 Jul 2025, an upgrade from the previous Sell rating, underscoring the cautious stance adopted by rating agencies based on fundamental and technical factors.
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Summary of Key Concerns
The stock’s fall to Rs.7.99 represents a culmination of several factors: sustained underperformance relative to the Sensex and sector indices, weak profitability metrics, high leverage, and declining quarterly sales and earnings. The technical indicators reinforce the bearish trend, with the share price trading below all major moving averages. While valuation metrics suggest the stock is priced attractively on a relative basis, the fundamental challenges have weighed heavily on market sentiment.
In the context of a broader market rally led by mega-cap stocks, Tirupati Sarjan Ltd’s micro-cap status and sector-specific pressures have contributed to its subdued performance. The company’s financial results and leverage ratios highlight areas of concern that have influenced its current market valuation and rating status.
Market Outlook and Positioning
Although the stock has experienced a significant decline over the past year, it remains a subject of interest for valuation-focused investors given its discount to peers and modest profit growth. The company’s position within the realty sector, combined with its financial metrics, continues to be closely monitored by market participants and rating agencies alike.
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