Moksh Ornaments Ltd
₹ 14.1
-2.69%
06 May
9:49 a.m.
About
Incorporated in 2012, Moksh Ornaments Ltd is in the business of Export and Trading in Gold Jewelry
Key Points
- Market Cap ₹ 125 Cr.
- Current Price ₹ 14.1
- High / Low ₹ 16.6 / 8.11
- Stock P/E 13.4
- Book Value ₹ 14.1
- Dividend Yield 0.00 %
- ROCE 13.3 %
- ROE 10.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Stock is trading at 1.03 times its book value
- Debtor days have improved from 24.8 to 16.7 days.
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 | 585 | |
| 79 | 109 | 140 | 233 | 301 | 372 | 338 | 328 | 317 | 436 | 437 | 566 | 571 | |
| 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 | 4 |
| 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 | 13 |
| 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 | 1.08 |
| 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: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 9% |
| 3 Years: | 18% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 16% |
| 1 Year: | 9% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 2 | 5 | 5 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 17 | 18 |
| Reserves | 0 | 1 | 3 | 6 | 15 | 20 | 25 | 30 | 34 | 40 | 47 | 94 | 107 |
| 18 | 15 | 13 | 36 | 34 | 50 | 60 | 36 | 4 | 28 | 50 | 32 | 39 | |
| 2 | 8 | 23 | 5 | 2 | 5 | 8 | 3 | 1 | 1 | 0 | 1 | 7 | |
| Total Liabilities | 20 | 27 | 44 | 52 | 62 | 85 | 103 | 79 | 50 | 80 | 108 | 144 | 170 |
| 0 | 2 | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| CWIP | 0 | 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 | 0 |
| 20 | 25 | 42 | 50 | 60 | 83 | 103 | 79 | 49 | 79 | 108 | 143 | 169 | |
| Total Assets | 20 | 27 | 44 | 52 | 62 | 85 | 103 | 79 | 50 | 80 | 108 | 144 | 170 |
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 | |
| Free Cash Flow | 1 | 3 | -9 | -8 | 3 | 20 | -59 | 26 | -21 | -18 | -27 | |
| CFO/OP | 108% | 104% | -98% | -75% | 50% | 325% | -1,442% | 366% | -186% | -108% | -156% |
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% |
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 |
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| Gold Jewellery Sales Volume Kg |
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| Silver (Finished Goods) Sales Volume Kg |
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Documents
Announcements
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Outcome of Board Meeting
29 April 2026 - Board approved borrowing powers up to 3,500 crore and charge creation up to 2,500 crore, subject to shareholders.
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Disclosure under SEBI Takeover Regulations
21 April 2026 - Moksh Ornaments Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
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Disclosure under SEBI Takeover Regulations
16 April 2026 - Mr. AMRIT SHAH has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …
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Updates
14 April 2026 - Moksh Ornaments says it is not a Large Corporate under SEBI circular.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 April 2026 - Regulation 74(5) certificate submitted for quarter ended March 31, 2026; no dematerialization requests received.
Annual reports
Concalls
-
Jul 2020TranscriptAI SummaryPPT
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