1. India Stocks

  2. •

    Consumer durables

  3. •

    Other consumer specialties
Moksh Ornaments Ltd.

Moksh Ornaments Ltd.

NNSE:MOKSH
8.76
INR
+0.02
(+0.23%)
1.24EPS
14.12P/E
1.07BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
12.63
13.24
18.12
23.38
39.21
73.27
62.29
56.25
55.08
53
72.84
73.77
79.89
Basic EPS, GAAP
0.01
0.02
0.03
0.02
0.51
0.93
0.78
0.87
0.93
0.84
1
1.03
1.24
Free Cash Flow per Basic Share
-1.96
-0.39
0.12
0.44
-1.43
-1.96
0.44
3.05
-0.61
4.18
-3.47
-3.02
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.09
- -
- -
- -
Book Value per Share
0.09
0.11
0.46
1.31
1.81
4.22
5.01
5.88
6.59
7.34
8.34
9.36
10.12
Tangible Book Value per Share
0.09
0.11
0.46
1.31
1.81
4.22
5.01
5.88
6.59
7.34
8.34
9.36
10.12
Basic Weighted Avg Shares
61
61
61
61
61
42
61
61
61
61
61
61
61
Sales/Revenue/Turnover
772
809
1,108
1,430
2,397
3,097
3,809
3,439
3,368
3,240
4,466
4,492
4,858
Operating Margin (%)
1.38
1.86
2.02
1.85
2.98
2.74
2.4
1.82
2.48
2.14
2.25
2.68
3.11
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
2
2
2
2
2
Net Income, GAAP
- -
1
2
2
31
39
48
53
57
51
61
63
76
Effective Tax Rate (%)
31.52
30.89
31.26
31
31.94
33.07
28.47
25.05
26.92
25.75
27.7
26.51
26.28
Profit Margin (%)
0.04
0.16
0.15
0.11
1.29
1.26
1.26
1.55
1.68
1.58
1.37
1.39
1.56
Working Capital
2
5
11
63
100
237
285
352
453
483
541
590
627
LT Debt
- -
- -
- -
- -
9
- -
- -
- -
50
36
29
16
- -
Total Equity
5
7
28
80
111
258
306
360
403
449
510
573
619
Return on Invested Capital (%)
- -
6.51
8.32
9.3
14.01
10.29
9.11
5.12
6.99
8.14
11.33
9.47
10.14
Return on Capital (%)
- -
6.54
8.74
9.53
13.59
10.27
9.75
9.14
9.62
9.28
12.1
10.92
11.13
Return on Common Equity (%)
- -
21.91
9.61
2.81
32.51
21.23
17
16.06
14.85
12.06
12.8
11.55
13.01

Capital Structure

INR

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
478
- -
513
LT Borrowings
16
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
61
61
61
Market Capitalization
915
809
1,074

Working Capital

INR

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
1,070
- -
1,175
Cash, Cash Equivalents & STI
87
- -
118
Accounts Receivable, Net
417
- -
379
Inventories
546
- -
659
Total Current Liabilities
480
- -
548
Payables & Accruals
- -
- -
- -
ST Debt
478
- -
513
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
76.56%
13.35%
12.26%
Free Cash Flow
-92.94%
-101.67%
-13.44%
Net Income, GAAP
203.59%
5.88%
1.93%
Sales/Revenue/Turnover
20.86%
4.57%
0.58%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,084
1,071
1,267
1,043
4,466
2024
1,321
1,266
849
1,056
4,492
2025
1,368
1,584
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.22
0.22
0.25
0.33
1
2024
0.25
0.3
0.25
0.23
1.03
2025
0.37
0.39
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Amrit Jawanmalji Shah
Full Time Employees
50
Sector
Consumer durables
Industry
Other consumer specialties
Address
Building No. SDF-IV Mumbai MA India 400096
IPO Date
Dec 26, 2017
Website
mokshornaments.com
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Business
Moksh Ornaments Limited, a Mumbai-based gold jewellery manufacturer and wholesaler founded in 2012, specializes in the production of bangles, chains, mangalsutras, and necklaces in 22-karat and 18-karat purity on a job-work basis from artisan units in Kolkata and Mumbai; its product portfolio encompasses diverse bangle collections including Bombay, Temple, Antique, Rasrawa, Dubai, Gajra, Plaster, Marwadi, Nakshi, and Vertical Mala designs, blending modern and traditional styles for B2B retail clients such as Nakshatra Jewelry, P.N. Gadgil Jewelers, Neelkanth Jewelers, and Ranka Jewelers primarily in Maharashtra and Madhya Pradesh, alongside exports to the UAE representing about 25% of FY24 revenue. Headquartered at 99 Mulji Jetha Building, Mumbai, the company procures gold bullion from banks, dealers, and increasingly imports from the UAE under a 1% tariff concession via Tariff Rate Quota to hedge forex risks, with all products hallmarked at BIS-recognized centers and designs sourced from third-party designers tailored to customer specifications. Promoted by Jawanmal M. Shah with over 30 years and Amrit J. Shah with 20+ years in the jewellery trade, Moksh Ornaments converted to public limited status in 2017 and listed on the NSE (MOKSH.NS); recent developments include a January 2025 reaffirmation and enhancement of bank facilities to Rs.55 crore at CARE BBB-; Stable from CARE Ratings amid moderate scale growth to Rs.450 crore total operating income in FY24, import diversification for cost efficiency, board reconstitutions following independent director resignations in September 2025, and sustained revenue expansion with Q4 FY25 net sales at Rs.167 crore up 58% year-over-year despite modest PBILDT margins around 3%.