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Moksh Ornaments Overview

Moksh Ornaments Ltd is an totally India-based company. The Company is a manufacturer and wholesaler of jeweller. The Company mostly sells gold Jewellers and its product profile includes bangles, chains and mangalsutra. The key customers include Nakshatra Jewellery, Chandukaka Saraf & Sons, P.N. Gadgil Jewellers Pvt. Ltd., Neelkanth Jewellers, and Ranka Jewellers.

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Moksh Ornaments Key Financials

Market Cap ₹129 Cr.

Stock P/E 15.3

P/B 1

Current Price ₹14.6

Book Value ₹ 14.1

Face Value 2

52W High ₹17.4

Dividend Yield 0%

52W Low ₹ 11.6

Moksh Ornaments Share Price

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Volume
Price

Moksh Ornaments Quarterly Price

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Moksh Ornaments Peer Comparison

Moksh Ornaments Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 132 127 85 106 137 158 117 167 151 152
Other Income 0 0 0 1 0 0 0 2 0 0
Total Income 132 127 85 106 137 159 117 170 151 152
Total Expenditure 129 123 81 103 132 154 113 167 147 147
Operating Profit 3 4 4 4 5 5 5 3 4 5
Interest 1 1 2 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 2 2 3 3 3 2 3 4
Provision for Tax 1 1 1 1 1 1 1 1 1 1
Profit After Tax 2 2 1 1 2 2 2 1 2 3
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 2 1 1 2 2 2 1 2 3
Adjusted Earnings Per Share 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.2 0.3 0.3

Moksh Ornaments Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 111 143 240 310 381 344 337 324 447 449 580 587
Other Income 0 0 0 0 1 5 3 1 1 2 3 2
Total Income 111 143 240 310 381 349 340 325 447 451 583 590
Total Expenditure 109 140 233 301 372 338 328 317 436 437 566 574
Operating Profit 2 3 7 9 10 11 12 8 11 14 17 17
Interest 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
Exceptional Income / Expenses 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 12
Provision for Tax 0 0 1 2 2 2 2 2 2 2 3 4
Profit After Tax 0 0 3 4 5 5 6 5 6 6 8 8
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 3 4 5 5 6 5 6 6 8 8
Adjusted Earnings Per Share 0 0 0 0.7 0.9 1 1.1 1 1.1 1.2 1 1.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 29% 21% 11% 18%
Operating Profit CAGR 21% 29% 9% 24%
PAT CAGR 33% 17% 10% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% 13% 25% NA%
ROE Average 10% 11% 12% 15%
ROCE Average 13% 15% 14% 14%

Moksh Ornaments Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 3 8 11 26 31 36 40 45 51 57 111
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 5 3 1 0 0 0 5 4 3 2 0
Other Non-Current Liabilities -0 -0 -0 -0 -0 -0 0 0 1 2 3
Total Current Liabilities 19 33 40 36 54 67 33 1 25 49 33
Total Liabilities 27 44 52 62 85 103 79 50 79 110 146
Fixed Assets 2 2 2 2 2 0 0 0 0 0 0
Other Non-Current Assets 0 1 0 0 0 1 0 0 0 2 2
Total Current Assets 25 41 50 60 83 103 79 49 79 108 143
Total Assets 27 44 52 62 85 103 79 50 79 110 146

Moksh Ornaments Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 2 4 5 23 0 9 3 5 9
Cash Flow from Operating Activities 1 -14 -8 -8 3 19 -123 26 -21 -18 -27
Cash Flow from Investing Activities -2 -0 -0 0 -0 -11 77 -0 0 -0 -0
Cash Flow from Financing Activities -0 15 10 9 16 7 -221 -32 24 23 27
Net Cash Inflow / Outflow -1 1 1 1 18 15 -267 -7 2 4 -0
Closing Cash & Cash Equivalent 0 1 4 5 23 38 -267 3 5 9 9

Moksh Ornaments Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 0 0 0.73 0.89 1 1.05 0.96 1.14 1.17 1.01
CEPS(Rs) 0.15 0.05 0.81 0.73 0.9 1 1.09 0.99 1.17 1.2 1.03
DPS(Rs) 0 0 0 0 0 0 0 0.1 0 0 0
Book NAV/Share(Rs) 0 0 0 4.8 5.7 6.7 7.5 8.36 9.5 10.67 13.23
Core EBITDA Margin(%) 2.05 1.87 2.99 2.75 2.41 1.79 2.53 2.19 2.29 2.71 2.37
EBIT Margin(%) 2.1 1.88 3.06 2.84 2.56 3.15 3.41 2.41 2.39 3.07 2.87
Pre Tax Margin(%) 0.22 0.15 1.9 1.89 1.76 2.07 2.3 2.13 1.9 1.89 1.96
PAT Margin (%) 0.15 0.11 1.29 1.26 1.26 1.55 1.68 1.58 1.37 1.39 1.45
Cash Profit Margin (%) 0.19 0.13 1.3 1.27 1.27 1.56 1.73 1.64 1.41 1.43 1.48
ROA(%) 0.72 0.43 6.43 6.84 6.53 5.69 6.21 7.98 9.51 6.61 6.58
ROE(%) 9.62 2.81 32.61 21.29 17.03 16.08 14.86 12.06 12.8 11.55 10.03
ROCE(%) 12.58 10.3 18.23 16.5 13.95 12.33 13.39 12.57 16.8 14.82 13.3
Receivable days 8.14 20.58 16.38 10.83 9.71 24.3 43.31 42.24 24.31 28.73 21.47
Inventory Days 63.05 61.94 49.21 47.84 43.05 39.1 27.52 21.84 24.05 39.91 49.92
Payable days 14.21 19.09 7.51 0 2.61 3.66 2.33 0.09 0.05 0.04 0.05
PER(x) 0 0 0 7.58 4.91 4.62 8.28 13.49 6.83 12.84 13.25
Price/Book(x) 0 0 0 1.15 0.77 0.69 1.16 1.54 0.82 1.4 1.01
Dividend Yield(%) 0 0 0 0 0 0 0 0.68 0 0 0
EV/Net Sales(x) 0.16 0.21 0.16 0.2 0.14 0.15 0.24 0.25 0.16 0.29 0.23
EV/Core EBITDA(x) 7.35 10.88 5.05 7.16 5.47 4.65 6.82 10.01 6.47 9.48 7.99
Net Sales Growth(%) 36.89 29.01 67.69 29.19 22.98 -9.69 -2.09 -3.78 37.83 0.58 29.1
EBIT Growth(%) 55.26 15.09 173.73 19.74 10.87 11.21 5.92 -31.9 36.57 28.99 20.79
PAT Growth(%) 28.2 -9.58 1939.37 26.37 22.51 11.44 5.87 -9.32 19.5 1.93 34.78
EPS Growth(%) 0 0 0 -8.74 22.51 11.44 5.86 -9.31 19.49 1.93 -13.64
Debt/Equity(x) 5.5 3.22 3.26 1.32 1.62 1.67 0.88 0.08 0.54 0.88 0.29
Current Ratio(x) 1.32 1.25 1.25 1.65 1.53 1.52 2.35 71.15 3.16 2.21 4.39
Quick Ratio(x) 0.17 0.44 0.31 0.46 0.67 1.12 1.65 49.06 1.42 1.09 1.21
Interest Cover(x) 1.12 1.09 2.63 2.99 3.21 2.92 3.07 8.62 4.86 2.61 3.16
Total Debt/Mcap(x) 0 0 0 1 1.85 2.12 0.67 0.05 0.58 0.55 0.29

Moksh Ornaments Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 55.13 55.13 55.13 55.13 55.13 55.13 55.13 36.87 36.87 40.09
FII 0 0 0 0.13 0.1 0 0 6.82 6.16 4.53
DII 0 0 0 0 0 0 0 0 0 0
Public 44.87 44.87 44.87 44.74 44.76 44.86 44.87 56.31 56.97 55.38
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Moksh Ornaments News

Moksh Ornaments Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 40.09%.
  • Company has a low return on equity of 11% over the last 3 years.
  • Debtor days have increased from 0.04 to 0.05days.
  • The company has delivered a poor profit growth of 9% over past five years.
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