Moksh Ornaments Ltd
₹ 17.6
-1.95%
18 Apr
- close price
About
Incorporated in 2012, Moksh Ornaments Ltd is in the business of Export and Trading in Gold Jewelry
Key Points
- Market Cap ₹ 94.4 Cr.
- Current Price ₹ 17.6
- High / Low ₹ 29.4 / 9.60
- Stock P/E 13.9
- Book Value ₹ 10.1
- Dividend Yield 0.00 %
- ROCE 16.7 %
- ROE 12.8 %
- Face Value ₹ 2.00
Pros
- Debtor days have improved from 35.4 to 23.7 days.
- Company's median sales growth is 23.0% of last 10 years
Cons
- The company has delivered a poor sales growth of 7.59% over past five years.
- Company has a low return on equity of 13.2% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -19.6%
* 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
77 | 81 | 111 | 143 | 240 | 310 | 381 | 344 | 337 | 324 | 447 | 448 | |
76 | 79 | 109 | 140 | 233 | 301 | 372 | 338 | 328 | 317 | 436 | 435 | |
Operating Profit | 1 | 2 | 2 | 3 | 7 | 8 | 9 | 6 | 9 | 7 | 10 | 13 |
OPM % | 1% | 2% | 2% | 2% | 3% | 3% | 2% | 2% | 3% | 2% | 2% | 3% |
0 | 0 | 0 | 0 | 0 | 0 | 1 | 5 | 3 | 1 | 1 | 1 | |
Interest | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 1 | 2 | 5 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 0 | 0 | 0 | 0 | 5 | 6 | 7 | 7 | 8 | 7 | 8 | 9 |
Tax % | 40% | 32% | 33% | 32% | 32% | 33% | 28% | 25% | 27% | 26% | 28% | |
0 | 0 | 0 | 0 | 3 | 4 | 5 | 5 | 6 | 5 | 6 | 7 | |
EPS in Rs | 0.12 | 0.52 | 0.18 | 0.06 | 1.20 | 0.73 | 0.89 | 1.00 | 1.05 | 0.96 | 1.14 | 1.28 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 8% |
3 Years: | 9% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 70% |
5 Years: | 9% |
3 Years: | 4% |
TTM: | 36% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 21% |
1 Year: | 76% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 13% |
Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0 | 0 | 2 | 5 | 5 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 0 | 0 | 1 | 3 | 6 | 15 | 20 | 25 | 30 | 34 | 40 | 44 |
13 | 18 | 15 | 13 | 36 | 34 | 50 | 60 | 36 | 4 | 28 | 52 | |
1 | 2 | 8 | 23 | 5 | 2 | 5 | 8 | 3 | 1 | 1 | 5 | |
Total Liabilities | 14 | 20 | 27 | 44 | 52 | 62 | 85 | 103 | 79 | 50 | 80 | 111 |
0 | 0 | 2 | 2 | 2 | 2 | 2 | 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 |
14 | 20 | 25 | 42 | 50 | 60 | 83 | 103 | 79 | 49 | 79 | 111 | |
Total Assets | 14 | 20 | 27 | 44 | 52 | 62 | 85 | 103 | 79 | 50 | 80 | 111 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
2 | 3 | -8 | -8 | 3 | 19 | -123 | 26 | -21 | |||
-2 | 0 | -0 | 0 | -0 | -11 | 77 | -0 | 0 | |||
-2 | -0 | 10 | 9 | 16 | 7 | -221 | -32 | 24 | |||
Net Cash Flow | -1 | 2 | 1 | 1 | 18 | 15 | -267 | -7 | 2 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 9 | 8 | 11 | 33 | 13 | 12 | 10 | 38 | 48 | 34 | 24 |
Inventory Days | 56 | 78 | 75 | 72 | 60 | 53 | 46 | 30 | |||
Days Payable | 3 | 7 | 25 | 55 | 3 | 0 | 3 | 4 | |||
Cash Conversion Cycle | 62 | 79 | 61 | 50 | 70 | 65 | 54 | 63 | 48 | 34 | 24 |
Working Capital Days | 60 | 77 | 55 | 76 | 63 | 63 | 53 | 61 | 72 | 52 | 60 |
ROCE % | 9% | 13% | 14% | 22% | 16% | 14% | 12% | 13% | 13% | 17% |
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