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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Moksh Ornaments Ltd

About the Company - Moksh Ornaments Ltd

Moksh Ornaments Ltd. is a Public Limited Listed company incorporated on 19/07/2012 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L36996MH2012PLC233562 and registration number is 233562. Currently Company is involved in the business activities of Wholesale of precious metals and jewellery. Company’s Total Operating Revenue is Rs. 324.03 Cr. and Equity Capital is Rs. 10.73 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Diamond Cutting/Precious Metals/JewelleryB-405/1, B-405/2, 4th floor, 99 Mulji Jetha Bldg, Mumbai Maharashtra 400002cs@mokshornaments.com
http://www.mokshornaments.com
Management
NamePosition Held
Mr. Amrit Jawanmal ShahManaging Director
Mr. Jawanmal M ShahWhole Time Director
Mrs. Sangeeta Amrit ShahNon Exe.Non Ind.Director
Mr. Hardik Pravinbhai MakwanaIndependent Director
Ms. Nirali Haresh ShahIndependent Director
Mr. MitwaNayan ShahIndependent Director

Moksh Ornaments Ltd. Share Price Update

Share PriceValue
Today₹20.50
Previous Day₹21.70

Basic Stock Data of Moksh Ornaments Ltd

Market Cap 114 Cr.
Current Price 21.3
High / Low22.8/8.55
Stock P/E16.8
Book Value 10.1
Dividend Yield0.00 %
ROCE16.7 %
ROE12.8 %
Face Value 2.00

Data Source: screener.in

Competitors of Moksh Ornaments Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Renaissance Global Ltd 1,303 Cr. 136146/80.018.0 1120.00 %9.02 %9.06 % 2.00
Titan Company Ltd 3,27,766 Cr. 3,6923,887/2,32095.0 1400.27 %25.1 %30.8 % 1.00
PC Jeweller Ltd 2,516 Cr. 54.065.5/23.3 69.80.00 %5.33 %5.36 % 10.0
Zodiac JRD MKJ LTD 47.2 Cr. 91.292.6/28.089.1 1360.00 %1.13 %0.99 % 10.0
Thangamayil Jewellery Ltd 3,653 Cr. 1,3311,550/47229.0 1630.45 %16.8 %22.4 % 10.0
Industry Average11.24 Cr57.0446.22124.160.14%11.48%13.72%6.6

Moksh Ornaments Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales82.73128.18124.8166.8877.53100.8578.75108.44107.13126.67104.35132.10126.58
Expenses80.18126.04124.0565.6174.7499.1177.54106.35104.99124.24100.57129.50123.44
Operating Profit2.552.140.761.272.791.741.212.092.142.433.782.603.14
OPM %3.08%1.67%0.61%1.90%3.60%1.73%1.54%1.93%2.00%1.92%3.62%1.97%2.48%
Other Income1.781.411.030.440.340.130.080.090.100.080.100.140.43
Interest1.020.980.810.220.310.210.180.400.410.480.890.661.11
Depreciation0.040.040.040.030.040.040.040.020.040.040.040.040.04
Profit before tax3.272.530.941.462.781.621.071.761.791.992.952.042.42
Tax %25.08%25.30%34.04%25.34%25.18%30.25%20.56%25.00%25.14%25.13%32.54%25.00%25.21%
Net Profit2.451.890.621.092.081.120.841.321.341.491.991.531.81
EPS in Rs0.460.350.120.200.390.210.160.250.250.280.370.290.34

Moksh Ornaments Ltd Quarterly Chart

Moksh Ornaments Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7781111143240310381344337324447490
Expenses7679109140233301372338328317436478
Operating Profit12237896971012
OPM %1%2%2%2%3%3%2%2%3%2%2%2%
Other Income000000153111
Interest112233344123
Depreciation000000000000
Profit before tax000056778789
Tax %40%32%33%32%32%33%28%25%27%26%28%
Net Profit000034556567
EPS in Rs0.120.520.180.061.200.730.891.001.050.961.141.28
Dividend Payout %0%0%0%0%0%0%0%0%0%10%0%

Moksh Ornaments Ltd Profit & Loss Yearly Chart

Moksh Ornaments Ltd Growth

Compounded Sales Growth
10 Years:19%
5 Years:8%
3 Years:9%
TTM:24%
Compounded Profit Growth
10 Years:70%
5 Years:9%
3 Years:4%
TTM:48%
Stock Price CAGR
10 Years:%
5 Years:41%
3 Years:43%
1 Year:98%
Return on Equity
10 Years:15%
5 Years:14%
3 Years:13%
Last Year:13%

Moksh Ornaments Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital0025511111111111111
Reserves0013615202530344044
Borrowings13181513363450603642852
Other Liabilities1282352583115
Total Liabilities14202744526285103795080111
Fixed Assets002222200000
CWIP000000000000
Investments000000000000
Other Assets14202542506083103794979111
Total Assets14202744526285103795080111

Moksh Ornaments Ltd Reserves and Borrowings Chart

Moksh Ornaments Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 23-8-8319-12326-21
Cash from Investing Activity -20-00-0-1177-00
Cash from Financing Activity -2-0109167-221-3224
Net Cash Flow-12111815-267-72

Moksh Ornaments Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days98113313121038483424
Inventory Days5678757260534630
Days Payable3725553034
Cash Conversion Cycle6279615070655463483424
Working Capital Days6077557663635361725260
ROCE %9%13%14%22%16%14%12%13%13%17%

Moksh Ornaments Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Moksh Ornaments Ltd ROCE Trend

Moksh Ornaments Ltd EPS Trend

Moksh Ornaments Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.0010.0010.0010.00
Basic EPS (Rs.)1.140.963.954.984.47
Diluted EPS (Rs.)1.140.963.954.984.47
Cash EPS (Rs.)1.170.983.975.004.49
Book Value[Excl.RevalReserv]/Share (Rs.)9.508.3637.4633.5128.53
Book Value[Incl.RevalReserv]/Share (Rs.)9.508.3637.4633.5128.53
Dividend / Share (Rs.)0.000.020.000.000.00
Revenue From Operations / Share (Rs.)83.2360.38313.79320.49354.89
PBDIT / Share (Rs.)2.021.498.9210.139.12
PBIT / Share (Rs.)1.991.468.8910.119.09
PBT / Share (Rs.)1.581.295.386.656.25
Net Profit / Share (Rs.)1.140.953.954.984.47
PBDIT Margin (%)2.422.462.843.162.56
PBIT Margin (%)2.392.412.833.152.56
PBT Margin (%)1.892.131.712.071.76
Net Profit Margin (%)1.371.581.251.551.25
Return on Networth / Equity (%)12.0211.4410.5314.8615.67
Return on Capital Employeed (%)19.6015.9923.7430.1731.87
Return On Assets (%)7.7110.335.495.175.66
Long Term Debt / Equity (X)0.050.000.000.000.00
Total Debt / Equity (X)0.540.000.881.661.62
Asset Turnover Ratio (%)6.925.113.733.665.19
Current Ratio (X)3.1666.112.081.521.53
Quick Ratio (X)1.4245.611.441.120.66
Inventory Turnover Ratio (X)0.0015.540.000.000.00
Dividend Payout Ratio (NP) (%)0.0010.440.000.000.00
Dividend Payout Ratio (CP) (%)0.0010.120.000.000.00
Earning Retention Ratio (%)0.0089.560.000.000.00
Cash Earning Retention Ratio (%)0.0089.880.000.000.00
Interest Coverage Ratio (X)4.938.802.552.933.22
Interest Coverage Ratio (Post Tax) (X)3.796.662.132.442.58
Enterprise Value (Cr.)70.0976.3079.4750.5053.47
EV / Net Operating Revenue (X)0.150.230.230.140.14
EV / EBITDA (X)6.479.558.304.645.46
MarketCap / Net Operating Revenue (X)0.100.240.150.080.07
Retention Ratios (%)0.0089.550.000.000.00
Price / BV (X)0.931.761.330.780.87
Price / Net Operating Revenue (X)0.100.240.150.080.07
EarningsYield0.120.060.070.180.17

Moksh Ornaments Ltd Profitability Ratios (%)

Moksh Ornaments Ltd Liquidity Ratios

Moksh Ornaments Ltd Liquidity Ratios (%)

Moksh Ornaments Ltd Interest Coverage Ratios (%)

Moksh Ornaments Ltd Valuation Ratios

Fair Value of Moksh Ornaments Ltd Stock

Fair Value: ₹22.15

The stock is undervalued by 4.01% compared to the current price ₹21.3

*Investments are subject to market risks

Strength and Weakness of Moksh Ornaments Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (273.75 cr) and profit (4.75 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 6.34 and average Dividend Yield of 2.67%.
  2. The stock has a low average ROCE of 13.00%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 62.91, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 55.45, which may not be favorable.
  5. The company has higher borrowings (29.92) compared to reserves (18.17), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Moksh Ornaments Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE