Arshiya Faces Financial Struggles Amid Broader Market Downturn and High Debt Levels

Arshiya, a microcap player in the logistics industry, has experienced significant volatility today, hitting a new 52-week low of Rs. 2.54. This decline comes amid a broader market downturn, with the Sensex falling sharply by over 730 points. Arshiya's performance today underperformed its sector by nearly 5%, highlighting ongoing challenges for the company.
The stock has shown erratic trading patterns, with no activity on four out of the last 20 trading days. Currently, Arshiya is trading below its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past year, the stock has plummeted by 61.28%, contrasting sharply with the Sensex's modest gain of 2.89%.

Financially, Arshiya faces significant hurdles, including a high debt-to-equity ratio averaging 2.98 times and a decline in net sales at an annual rate of 12.52% over the last five years. The company's return on capital employed (ROCE) stands at a concerning -6.79%, reflecting its ongoing struggles. With no financial results declared in the last six months, Arshiya's long-term outlook appears uncertain.