Moksh Ornaments Ltd

Moksh Ornaments Ltd

₹ 14.9 -0.40%
10 Jun - close price
About

Incorporated in 2012, Moksh Ornaments Ltd is in the business of Export and Trading in Gold Jewelry

Key Points

Business Overview:[1]
Company manufactures & wholesales gold jewelries viz. bangles, chains and Mangal sutras. Designing and manufacturing of Jewelries is outsourced on a job-work basis to various artisans in Kolkata and Mumbai. Company's products are majorly sold to various retail outlet brands across India, viz. Nakshatra Jewelry, P.N. Gadgil Jewelers, Neelkanth Jewelers, Ranka Jewelers, etc. and are also exported to UAE. Primary raw material viz. gold is procured from various banks, bullion dealers and others in domestic market

  • Market Cap 125 Cr.
  • Current Price 14.9
  • High / Low 23.0 / 12.0
  • Stock P/E 14.8
  • Book Value 13.2
  • Dividend Yield 0.00 %
  • ROCE 13.2 %
  • ROE 10.0 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 1.13 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 24.8 to 16.9 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -18.3%
  • Promoter holding is low: 36.9%
  • Company has a low return on equity of 11.2% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
78.75 108.44 107.13 126.67 104.35 132.10 126.58 84.94 105.58 136.82 158.45 117.30 167.33
77.54 106.35 104.99 124.24 100.57 129.50 123.44 81.01 102.86 132.44 154.01 112.81 166.57
Operating Profit 1.21 2.09 2.14 2.43 3.78 2.60 3.14 3.93 2.72 4.38 4.44 4.49 0.76
OPM % 1.54% 1.93% 2.00% 1.92% 3.62% 1.97% 2.48% 4.63% 2.58% 3.20% 2.80% 3.83% 0.45%
0.08 0.09 0.10 0.08 0.10 0.14 0.43 0.19 0.79 0.13 0.14 0.14 2.20
Interest 0.18 0.40 0.41 0.48 0.89 0.66 1.11 2.09 1.40 1.48 1.32 1.26 1.07
Depreciation 0.04 0.02 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.04
Profit before tax 1.07 1.76 1.79 1.99 2.95 2.04 2.42 1.99 2.07 2.99 3.22 3.32 1.85
Tax % 20.56% 25.00% 25.14% 25.13% 32.54% 25.00% 25.21% 25.13% 30.43% 25.08% 25.16% 25.30% 29.73%
0.84 1.32 1.34 1.49 1.99 1.53 1.81 1.48 1.43 2.24 2.41 2.48 1.30
EPS in Rs 0.10 0.15 0.16 0.17 0.23 0.18 0.21 0.17 0.17 0.26 0.28 0.30 0.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
81 111 143 240 310 381 344 337 324 447 449 580
79 109 140 233 301 372 338 328 317 436 437 566
Operating Profit 2 2 3 7 8 9 6 9 7 10 12 14
OPM % 2% 2% 2% 3% 3% 2% 2% 3% 2% 2% 3% 2%
0 0 0 0 0 1 5 3 1 1 2 3
Interest 1 2 2 3 3 3 4 4 1 2 5 5
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 0 0 5 6 7 7 8 7 8 9 11
Tax % 32% 33% 32% 32% 33% 28% 25% 27% 26% 28% 26% 26%
0 0 0 3 4 5 5 6 5 6 6 8
EPS in Rs 0.32 0.12 0.04 0.75 0.45 0.55 0.62 0.65 0.59 0.71 0.72 1.01
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 10% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 11%
3 Years: 21%
TTM: 29%
Compounded Profit Growth
10 Years: 48%
5 Years: 9%
3 Years: 18%
TTM: 35%
Stock Price CAGR
10 Years: %
5 Years: 30%
3 Years: 3%
1 Year: 21%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 11%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.50 2 5 5 11 11 11 11 11 11 11 17
Reserves 0 1 3 6 15 20 25 30 34 40 47 94
18 15 13 36 34 50 60 36 4 28 49 32
2 8 23 5 2 5 8 3 1 1 1 1
Total Liabilities 20 27 44 52 62 85 103 79 50 80 107 144
0 2 2 2 2 2 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
20 25 42 50 60 83 103 79 49 79 107 143
Total Assets 20 27 44 52 62 85 103 79 50 80 107 144

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2 3 -8 -8 3 19 -123 26 -21 -18 -27
-2 0 -0 0 -0 -11 77 -0 0 0 -0
-2 -0 10 9 16 7 -221 -32 24 22 27
Net Cash Flow -1 2 1 1 18 15 -267 -7 2 3 -0

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 8 11 33 13 12 10 38 48 34 24 34 17
Inventory Days 78 75 72 60 53 46 30 69
Days Payable 7 25 55 3 0 3 4 0
Cash Conversion Cycle 79 61 50 70 65 54 63 48 34 24 34 86
Working Capital Days 77 55 76 63 63 53 61 72 52 60 80 84
ROCE % 9% 13% 14% 22% 16% 14% 12% 13% 13% 17% 15% 13%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 36.87%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.13% 0.10% 0.00% 0.00% 6.82%
44.87% 44.87% 44.87% 44.87% 44.87% 44.87% 44.87% 44.74% 44.76% 44.86% 44.87% 56.31%
No. of Shareholders 25,46425,81527,39826,49526,61233,46833,53239,49137,29637,67537,85740,149

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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