ESI

What is the technical trend for Eastern Silk Industries Ltd.?

As of March 7, 2024, Eastern Silk Industries Ltd. shows a mildly bullish trend based on daily moving averages, but mixed signals from weekly MACD and bearish indicators from Bollinger Bands and KST suggest caution is warranted.

As of 7 March 2024, the technical trend for Eastern Silk Industries Ltd. has changed from mildly bearish to mildly bullish. The daily moving averages indicate a mildly bullish stance, while the weekly MACD remains mildly bearish, suggesting mixed signals across different time frames. The monthly MACD is mildly bullish, providing some support for the bullish outlook. However, the Bollinger Bands and KST on both weekly and monthly time frames are bearish, which may limit the strength of the current bullish trend. Overall, the current technical stance is mildly bullish, but caution is advised due to conflicting indicators.

When is the next results date for ESI?

The next results date for ESI is 14 November 2025.

The next results date for ESI is scheduled for 14 November 2025.

How has been the historical performance of ESI?

ESI has experienced a significant decline in net sales and operating income from Mar'21 to Mar'25, with operating profits turning negative. However, it achieved a profit before tax of 0.53 Cr and profit after tax of 3.96 Cr in Mar'25, indicating a potential recovery in profitability despite previous losses.

Answer:<BR>The historical performance of ESI shows a significant decline in net sales over the years, dropping from 90.67 Cr in Mar'21 to 21.58 Cr in Mar'25. Total operating income followed a similar trend, decreasing from 103.18 Cr in Mar'20 to 21.58 Cr in Mar'25. The company faced increasing raw material costs, which rose from 9.81 Cr in Mar'20 to 9.73 Cr in Mar'25, while employee costs surged from 7.07 Cr in Mar'19 to 14.11 Cr in Mar'25. Operating profit (PBDIT) turned negative, reaching -1.32 Cr in Mar'25 compared to a positive 6.93 Cr in Mar'21. Profit before tax also fluctuated, with a notable recovery to 0.53 Cr in Mar'25 from a loss of -14.43 Cr in Mar'23. Profit after tax showed a turnaround, achieving 3.96 Cr in Mar'25 after losses in the previous years. The earnings per share (EPS) improved to 0.5 in Mar'25 from -1.56 in Mar'24. The operating profit margin and gross profit margin both reflected negative values in recent years, but the PAT margin improved to 18.35% in Mar'25, indicating a recovery in profitability.<BR><BR>Breakdown:<BR>ESI's financial trajectory reveals a concerning decline in net sales, which fell from 90.67 Cr in Mar'21 to just 21.58 Cr in Mar'25, with total operating income mirroring this decline. The company's raw material and employee costs increased, contributing to negative operating profits, which reached -1.32 Cr in Mar'25. However, the company managed to achieve a profit before tax of 0.53 Cr in Mar'25, a significant improvement from the previous years' losses. Profit after tax also turned positive, reaching 3.96 Cr in Mar'25, alongside a notable recovery in earnings per share to 0.5. Despite the challenges reflected in operating and gross profit margins, the PAT margin showed a positive trend, indicating a potential recovery in profitability for ESI.

Should I buy, sell or hold Eastern Silk Industries Ltd?

Why is Eastern Silk Industries Ltd falling/rising?

As of 23-Mar, Eastern Silk Industries Ltd's stock price is declining, currently at 73.01, down 5.0%. The stock has underperformed the benchmark Sensex and is trading below its moving averages, indicating a consistent downward trend and limited investor participation.

As of 23-Mar, Eastern Silk Industries Ltd's stock price is falling, currently at 73.01, which reflects a decrease of 3.84 or 5.0%. This decline is evident in the stock's performance over the past week, where it has underperformed the benchmark Sensex, showing a drop of 5.00% compared to the Sensex's decline of 3.72%. <BR><BR>Additionally, the stock has been trading lower than its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a consistent downward trend. The erratic trading pattern, where the stock did not trade on 5 out of the last 20 days, further suggests instability and lack of investor confidence. <BR><BR>Despite a significant increase in the stock's price over the longer term, with a remarkable 163.10% rise over the past month and an astounding 2993.64% increase over three years, the current performance reflects a short-term decline. The delivery volume has shown no increase against the 5-day average, indicating limited investor participation, which may contribute to the stock's falling price. Overall, these factors collectively explain the current downward movement in Eastern Silk Industries Ltd's stock price.

Why is Eastern Silk Industries Ltd falling/rising?

As of 24-Mar, Eastern Silk Industries Ltd's stock price is 73.01, unchanged from the previous session, but it has declined 5.00% over the past week despite a 163.10% increase over the past month. Current operational challenges and financial weaknesses, including high debt and low profitability, are impacting its recent performance.

As of 24-Mar, Eastern Silk Industries Ltd's stock price is currently at 73.01, with no change from the previous trading session. The stock has shown a significant decline of 5.00% over the past week, while the benchmark Sensex has decreased by 2.63%. However, over the past month, the stock has experienced a remarkable increase of 163.10%, contrasting sharply with the Sensex's decline of 9.92%. Year-to-date, the stock maintains the same growth rate of 163.10%, while the Sensex has fallen by 13.09%.<BR><BR>Despite these impressive gains over the longer term, there are several concerning factors contributing to the stock's current performance. The stock has underperformed its sector by 97.66% today, indicating a significant struggle relative to its peers. Additionally, the stock has not traded on 5 out of the last 20 days, reflecting erratic trading behavior. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.<BR><BR>The company's financial health raises further concerns, as it is facing operating losses and has a high Debt to EBITDA ratio of -1.00 times, indicating a low ability to service its debt. The average Return on Equity is only 1.14%, which signifies low profitability per unit of shareholders' funds. Furthermore, the cash and cash equivalents are at their lowest, recorded at Rs 7.06 crore, which adds to the risk associated with the stock. <BR><BR>Overall, while Eastern Silk Industries Ltd has shown remarkable growth in the past months, the current operational challenges and financial weaknesses are likely contributing to the stock's recent performance issues.

Why is Eastern Silk Industries Ltd falling/rising?

As of 25-Mar, the stock price of Eastern Silk Industries Ltd is at 73.01, unchanged from the previous session. Despite a significant 163.10% increase over the past month, the stock is currently underperforming its sector and trading below key moving averages, indicating a bearish trend.

As of 25-Mar, the stock price of Eastern Silk Industries Ltd is currently at 73.01, showing no change from the previous trading session. The stock has experienced a significant decline of 5.00% over the past week, while the benchmark Sensex has only decreased by 1.87% during the same period. This underperformance is indicative of a negative trend for the stock.<BR><BR>In the context of longer-term performance, Eastern Silk Industries Ltd has seen a remarkable increase of 163.10% over the past month, contrasting sharply with the Sensex's decline of 8.51%. However, despite this impressive monthly gain, the stock's performance today is noted to have underperformed its sector by a substantial 97.66%. Additionally, the stock has not traded on 5 out of the last 20 days, suggesting erratic trading behavior.<BR><BR>Moreover, Eastern Silk Industries Ltd is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically indicates a bearish sentiment among investors. Although there has been a slight increase in delivery volume, it remains low, with a delivery volume of 1 on 16 March, unchanged against the 5-day average.<BR><BR>Overall, the combination of recent underperformance relative to the sector, erratic trading patterns, and trading below key moving averages contributes to the perception that Eastern Silk Industries Ltd is currently in a downward trend.

Which are the latest news on ESI?