Recent Price Movement and Volatility
On the day the new low was recorded, Vijay Solvex opened with a gap up of 9.02%, reaching an intraday high of Rs.646.8, a gain of 14.84%. However, the stock reversed sharply to touch the low of Rs.456.1, representing a steep intraday decline of 19.02%. This resulted in a highly volatile trading session with an intraday volatility of 17.29%, calculated from the weighted average price. The stock closed with a day change of -4.54%, underperforming its sector by 6.32%.
The stock has been on a persistent downtrend, falling for six consecutive trading sessions and delivering a cumulative return of -25.1% during this period. This sustained decline has pushed the share price well below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a broad-based weakness in price momentum.
Comparative Market Context
While Vijay Solvex has struggled, broader market indices have shown resilience. The Nifty index closed at 25,727.55 on the same day, gaining 639.15 points or 2.55%. The index remains close to its 52-week high, just 2.51% shy of the peak level of 26,373.20. Mid-cap stocks led the market rally, with the Nifty Midcap 100 index rising 2.84%. Despite this positive market environment, Vijay Solvex’s share price has lagged significantly.
Over the past year, Vijay Solvex’s stock has delivered a negative return of -41.20%, in stark contrast to the Sensex’s positive gain of 8.49% over the same period. The stock’s 52-week high was Rs.1110, highlighting the extent of the decline from its peak.
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Financial Performance and Profitability Metrics
Vijay Solvex’s financial indicators reveal challenges in sustaining growth and profitability. The company’s operating profits have declined at a compound annual growth rate (CAGR) of -7.62% over the last five years, indicating a contraction in core earnings. The average return on equity (ROE) stands at 9.05%, reflecting modest profitability relative to shareholders’ funds.
In the nine months ending September 2025, the company reported a profit after tax (PAT) of Rs.9.95 crore, which represents a decline of 33.71% compared to the previous period. Non-operating income accounted for 37.07% of profit before tax (PBT) in the latest quarter, suggesting a significant contribution from sources outside the company’s primary business activities.
The debtor turnover ratio for the half-year period was recorded at 41.70 times, the lowest in recent periods, indicating slower collection cycles and potential liquidity pressures.
Valuation and Market Perception
Despite the subdued financial performance, Vijay Solvex’s valuation metrics present a contrasting picture. The stock trades at a price-to-book value of 0.5, which is considered very attractive and below the average valuation of its peers in the edible oil sector. The company’s price-to-earnings-to-growth (PEG) ratio is 0.1, reflecting low market expectations relative to its profit growth of 89.6% over the past year.
However, the company’s overall mojo score stands at 26.0, with a mojo grade of Strong Sell as of 1 Feb 2026, downgraded from Sell. The market capitalisation grade is 4, indicating a relatively small market cap segment. These ratings underscore the cautious stance reflected in the stock’s recent price action.
Shareholding and Sector Position
Promoters remain the majority shareholders of Vijay Solvex Ltd, maintaining significant control over the company’s strategic direction. The firm operates within the edible oil industry, a sector that has seen mixed performance amid fluctuating commodity prices and changing consumer demand patterns.
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Historical Underperformance and Market Trends
Vijay Solvex has consistently underperformed its benchmark indices over the last three years. The stock’s negative return of -41.20% in the past year contrasts sharply with the positive returns of broader indices such as the Sensex. Additionally, the stock has underperformed the BSE500 index in each of the last three annual periods, highlighting persistent relative weakness.
The stock’s 52-week high of Rs.1110, reached within the last year, emphasises the scale of the decline to the current low of Rs.456.1. This represents a drop of nearly 59%, underscoring the significant correction experienced by shareholders.
Technical Indicators and Market Sentiment
From a technical perspective, Vijay Solvex’s share price remains below all major moving averages, signalling a bearish trend. The recent six-day losing streak and high intraday volatility reflect unsettled market sentiment. Despite a brief gap-up opening on the day of the new low, the stock was unable to sustain gains, closing near its intraday lows.
In contrast, the broader market environment has been supportive, with all market capitalisation segments posting gains and mid-cap stocks leading the rally. This divergence highlights company-specific factors influencing Vijay Solvex’s share price movement.
Summary of Key Metrics
To summarise, Vijay Solvex Ltd’s stock performance and financial metrics as of early February 2026 are as follows:
- New 52-week low price: Rs.456.1
- One-year return: -41.20%
- Operating profit CAGR (5 years): -7.62%
- Average ROE: 9.05%
- PAT (9 months): Rs.9.95 crore, down 33.71%
- Non-operating income as % of PBT (quarterly): 37.07%
- Debtor turnover ratio (half-year): 41.70 times
- Price-to-book value: 0.5
- PEG ratio: 0.1
- Mojo score: 26.0 (Strong Sell)
- Market cap grade: 4
The combination of these factors has contributed to the stock’s recent decline and its positioning at a 52-week low.
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