Moksh Ornaments Ltd

Moksh Ornaments Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Moksh Ornaments Ltd

₹ 18.6 0.76%
15 Jan 2:29 p.m.
Company website NSE: MOKSH
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

Website NSE
  • Market Cap ₹ 161 Cr.
  • Current Price ₹ 18.6
  • High / Low ₹ 25.8 / 11.8
  • Stock P/E 21.3
  • Book Value ₹ 7.17
  • Dividend Yield 0.00 %
  • ROCE 14.9 %
  • ROE 11.6 %
  • Face Value ₹ 2.00
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Pros

  • Company's median sales growth is 23.0% of last 10 years

Cons

  • Stock is trading at 2.62 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.36% over past five years.
  • Company has a low return on equity of 12.1% over last 3 years.

* 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
77.53 100.85 78.75 108.44 107.13 126.67 104.35 132.10 126.58 84.94 105.58 136.82 158.45
74.74 99.11 77.54 106.35 104.99 124.24 100.57 129.50 123.44 81.01 102.86 132.44 154.01
Operating Profit 2.79 1.74 1.21 2.09 2.14 2.43 3.78 2.60 3.14 3.93 2.72 4.38 4.44
OPM % 3.60% 1.73% 1.54% 1.93% 2.00% 1.92% 3.62% 1.97% 2.48% 4.63% 2.58% 3.20% 2.80%
0.34 0.13 0.08 0.09 0.10 0.08 0.10 0.14 0.43 0.19 0.79 0.13 0.14
Interest 0.31 0.21 0.18 0.40 0.41 0.48 0.89 0.66 1.11 2.09 1.40 1.48 1.32
Depreciation 0.04 0.04 0.04 0.02 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Profit before tax 2.78 1.62 1.07 1.76 1.79 1.99 2.95 2.04 2.42 1.99 2.07 2.99 3.22
Tax % 25.18% 30.25% 20.56% 25.00% 25.14% 25.13% 32.54% 25.00% 25.21% 25.13% 30.43% 25.08% 25.16%
2.08 1.12 0.84 1.32 1.34 1.49 1.99 1.53 1.81 1.48 1.43 2.24 2.41
EPS in Rs 0.24 0.13 0.10 0.15 0.16 0.17 0.23 0.18 0.21 0.17 0.17 0.26 0.28
Raw PDF

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 Mar 2024 TTM
77 81 111 143 240 310 381 344 337 324 447 449 486
76 79 109 140 233 301 372 338 328 317 436 437 470
Operating Profit 1 2 2 3 7 8 9 6 9 7 10 12 15
OPM % 1% 2% 2% 2% 3% 3% 2% 2% 3% 2% 2% 3% 3%
0 0 0 0 0 0 1 5 3 1 1 2 1
Interest 1 1 2 2 3 3 3 4 4 1 2 5 6
Depreciation 0 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 10
Tax % 40% 32% 33% 32% 32% 33% 28% 25% 27% 26% 28% 26%
0 0 0 0 3 4 5 5 6 5 6 6 8
EPS in Rs 0.08 0.32 0.12 0.04 0.75 0.45 0.55 0.62 0.65 0.59 0.71 0.72 0.88
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 10% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 3%
3 Years: 10%
TTM: -1%
Compounded Profit Growth
10 Years: 47%
5 Years: 5%
3 Years: 3%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: -22%
1 Year: 40%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 12%
Last Year: 12%

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 Mar 2024 Sep 2024
Equity Capital 0.50 0.50 2 5 5 11 11 11 11 11 11 11 11
Reserves 0 0 1 3 6 15 20 25 30 34 40 47 51
13 18 15 13 36 34 50 60 36 4 28 49 51
1 2 8 23 5 2 5 8 3 1 1 1 5
Total Liabilities 14 20 27 44 52 62 85 103 79 50 80 107 118
0 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 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
14 20 25 42 50 60 83 103 79 49 79 107 118
Total Assets 14 20 27 44 52 62 85 103 79 50 80 107 118

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 Mar 2024
2 3 -8 -8 3 19 -123 26 -21 -18
-2 0 -0 0 -0 -11 77 -0 0 0
-2 -0 10 9 16 7 -221 -32 24 22
Net Cash Flow -1 2 1 1 18 15 -267 -7 2 3

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 Mar 2024
Debtor Days 9 8 11 33 13 12 10 38 48 34 24 34
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 34
Working Capital Days 60 77 55 76 63 63 53 61 72 52 60 80
ROCE % 9% 13% 14% 22% 16% 14% 12% 13% 13% 17% 15%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13% 55.13%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.13% 0.10% 0.00% 0.00%
2.80% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
42.06% 44.87% 44.87% 44.87% 44.87% 44.87% 44.87% 44.87% 44.74% 44.76% 44.86% 44.87%
No. of Shareholders 23,49025,46425,81527,39826,49526,61233,46833,53239,49137,29637,67537,857

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • Jul 2020
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