Moksh Ornaments Ltd
₹ 15.2
2.22%
14 Nov
- close price
About
Incorporated in 2012, Moksh Ornaments Ltd is in the business of Export and Trading in Gold Jewelry
Key Points
- Market Cap ₹ 134 Cr.
- Current Price ₹ 15.2
- High / Low ₹ 23.0 / 12.0
- Stock P/E 15.6
- Book Value ₹ 13.2
- Dividend Yield 0.00 %
- ROCE 13.3 %
- ROE 10.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Stock is trading at 1.15 times its book value
- Company is expected to give good quarter
- Debtor days have improved from 24.8 to 16.7 days.
- Promoter holding has increased by 3.22% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.2% over last 3 years.
- Promoter holding has decreased over last 3 years: -15.0%
* 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
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 81 | 111 | 143 | 240 | 310 | 381 | 344 | 337 | 324 | 447 | 449 | 580 | 594 | |
| 79 | 109 | 140 | 233 | 301 | 372 | 338 | 328 | 317 | 436 | 437 | 566 | 580 | |
| Operating Profit | 2 | 2 | 3 | 7 | 8 | 9 | 6 | 9 | 7 | 10 | 12 | 14 | 14 |
| OPM % | 2% | 2% | 2% | 3% | 3% | 2% | 2% | 3% | 2% | 2% | 3% | 2% | 2% |
| 0 | 0 | 0 | 0 | 0 | 1 | 5 | 3 | 1 | 1 | 2 | 3 | 3 | |
| Interest | 1 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 1 | 2 | 5 | 5 | 5 |
| Depreciation | 0 | 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 | 12 |
| 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 | 9 | |
| 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 | 1.03 |
| 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: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 9% |
| 3 Years: | 18% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 10% |
| 1 Year: | -1% |
| 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 | 50 | 32 | |
| 2 | 8 | 23 | 5 | 2 | 5 | 8 | 3 | 1 | 1 | 0 | 1 | |
| Total Liabilities | 20 | 27 | 44 | 52 | 62 | 85 | 103 | 79 | 50 | 80 | 108 | 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 | 108 | 143 | |
| Total Assets | 20 | 27 | 44 | 52 | 62 | 85 | 103 | 79 | 50 | 80 | 108 | 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 | 23 | 27 | ||
| Net Cash Flow | -1 | 2 | 1 | 1 | 18 | 15 | -267 | -7 | 2 | 4 | -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 | |||||
| Days Payable | 7 | 25 | 55 | 3 | 0 | 3 | 4 | |||||
| Cash Conversion Cycle | 79 | 61 | 50 | 70 | 65 | 54 | 63 | 48 | 34 | 24 | 34 | 17 |
| Working Capital Days | 17 | 20 | 18 | 9 | 23 | 5 | -2 | 39 | 51 | 40 | 40 | 64 |
| ROCE % | 9% | 13% | 14% | 22% | 16% | 14% | 12% | 13% | 13% | 17% | 15% | 13% |
Documents
Announcements
-
Copy of Newspaper Publication
14 November 2025 - Board approved unaudited standalone results for quarter/half ended 30 Sep 2025; published 14 Nov 2025.
-
Outcome of Board Meeting
13 November 2025 - Board approved Q2/H1 results to Sept 30, 2025; allotted 45,00,000 shares and 45,00,000 warrants at Rs15.
-
Outcome of Board Meeting
13 November 2025 - Board approved Q2/H1 Sep 30, 2025 unaudited results; allotted 4,500,000 shares and 4,500,000 warrants at ₹15.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
10 October 2025 - RTA certifies Reg.74(5) not applicable; all shares dematerialised; no requests during quarter ended 30 Sep 2025.
-
Shareholders meeting
1 October 2025 - AGM on 30-Sep-2025; four resolutions passed; director reappointment; unanimous voting 31,152,062 votes.
Annual reports
Concalls
-
Jul 2020TranscriptNotesPPT
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