Moksh Ornaments Ltd

Moksh Ornaments Ltd

₹ 12.0 0.08%
26 May - 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 105 Cr.
  • Current Price 12.0
  • High / Low 16.6 / 8.11
  • Stock P/E 10.7
  • Book Value 14.6
  • Dividend Yield 0.00 %
  • ROCE 11.4 %
  • ROE 8.21 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 0.82 times its book value
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.50% over last 3 years.
  • Debtor days have increased from 33.1 to 48.7 days.
  • 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
104.35 132.10 126.58 84.94 105.58 136.82 158.45 117.30 167.33 150.66 151.70 115.20 261.38
100.57 129.50 123.44 81.01 102.86 132.44 154.01 112.81 166.57 146.50 147.25 110.76 259.26
Operating Profit 3.78 2.60 3.14 3.93 2.72 4.38 4.44 4.49 0.76 4.16 4.45 4.44 2.12
OPM % 3.62% 1.97% 2.48% 4.63% 2.58% 3.20% 2.80% 3.83% 0.45% 2.76% 2.93% 3.85% 0.81%
0.10 0.14 0.43 0.19 0.79 0.13 0.14 0.14 2.20 0.15 0.11 0.08 1.65
Interest 0.89 0.66 1.11 2.09 1.40 1.48 1.32 1.26 1.07 1.03 0.83 0.70 0.90
Depreciation 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.04 0.04 0.04 0.04 0.04
Profit before tax 2.95 2.04 2.42 1.99 2.07 2.99 3.22 3.32 1.85 3.24 3.69 3.78 2.83
Tax % 32.54% 25.00% 25.21% 25.13% 30.43% 25.08% 25.16% 25.30% 29.73% 25.00% 25.20% 25.13% 34.63%
1.99 1.53 1.81 1.48 1.43 2.24 2.41 2.48 1.30 2.42 2.76 2.83 1.85
EPS in Rs 0.23 0.18 0.21 0.17 0.17 0.26 0.28 0.30 0.16 0.29 0.31 0.32 0.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
111 143 240 310 381 344 337 324 447 449 580 679
109 140 233 301 372 338 328 317 436 437 566 664
Operating Profit 2 3 7 8 9 6 9 7 10 12 14 15
OPM % 2% 2% 3% 3% 2% 2% 3% 2% 2% 3% 2% 2%
0 0 0 0 1 5 3 1 1 2 3 2
Interest 2 2 3 3 3 4 4 1 2 5 5 3
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 0 0 5 6 7 7 8 7 8 9 11 14
Tax % 33% 32% 32% 33% 28% 25% 27% 26% 28% 26% 26% 27%
0 0 3 4 5 5 6 5 6 6 8 10
EPS in Rs 0.12 0.04 0.75 0.45 0.55 0.62 0.65 0.59 0.71 0.72 1.01 1.12
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 10% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 15%
3 Years: 15%
TTM: 17%
Compounded Profit Growth
10 Years: 51%
5 Years: 12%
3 Years: 17%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: 10%
1 Year: -17%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 10%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 2 5 5 11 11 11 11 11 11 11 17 18
Reserves 1 3 6 15 20 25 30 34 40 47 94 111
15 13 36 34 50 60 36 4 28 50 32 25
8 23 5 2 5 8 3 1 1 0 1 31
Total Liabilities 27 44 52 62 85 103 79 50 80 108 144 185
2 2 2 2 2 0 0 0 0 0 0 7
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
25 42 50 60 83 103 79 49 79 108 143 177
Total Assets 27 44 52 62 85 103 79 50 80 108 144 185

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2 3 -8 -8 3 19 -123 26 -21 -18 -27 4
-2 0 -0 0 -0 -11 77 -0 0 0 -0 -7
-2 -0 10 9 16 7 -221 -32 24 23 27 1
Net Cash Flow -1 2 1 1 18 15 -267 -7 2 4 -0 -3
Free Cash Flow 1 3 -9 -8 3 20 -59 26 -21 -18 -27 -3
CFO/OP 108% 104% -98% -75% 50% 325% -1,442% 366% -186% -108% -156% 48%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 11 33 13 12 10 38 48 34 24 34 17 49
Inventory Days 75 72 60 53 46 30 43
Days Payable 25 55 3 0 3 4 16
Cash Conversion Cycle 61 50 70 65 54 63 48 34 24 34 17 75
Working Capital Days 20 18 9 23 5 -2 39 51 40 40 64 62
ROCE % 13% 14% 22% 16% 14% 12% 13% 13% 17% 15% 13% 11%

Insights

In beta
Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Permanent Employees
Numbers

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Export Value (Foreign Exchange Earnings)
INR Crores
Gold Jewellery Sales Volume
Kg
Silver (Finished Goods) Sales Volume
Kg

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 36.87% 36.87% 40.09% 40.09% 40.09%
0.00% 0.00% 0.00% 0.13% 0.10% 0.00% 0.00% 6.82% 6.16% 4.53% 4.53% 4.53%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.08%
44.87% 44.87% 44.87% 44.74% 44.76% 44.86% 44.87% 56.31% 56.97% 55.38% 55.30% 55.30%
No. of Shareholders 26,61233,46833,53239,49137,29637,67537,85740,14939,51338,81037,07935,925

* 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.

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