Moksh Ornaments Ltd. (IN:MOKSH)
:MOKSH
Want to see IN:MOKSH full AI Analyst Report?
Top Page
Moksh Ornaments Ltd.
(MOKSH)
Select Model
Select Model
Rating:66Neutral
Price Target:
₹14.00
▼(-2.10% Downside)
Action:ReiteratedDate:04/28/26
The score is driven mainly by solid financial fundamentals (growth and improving operating margins, supported by a stable balance sheet), offset by persistent negative operating cash flow. Technicals are mixed with modest momentum but a weaker longer-term trend, while valuation looks relatively reasonable based on the P/E.
Positive Factors
Revenue Growth
Sustained year-over-year revenue growth signals expanding sales scale and market traction in the gems & jewellery business. Over 2–6 months this durable top-line expansion supports operating leverage, improves bargaining power with suppliers, and creates capacity to reinvest in product or distribution.
Negative Factors
Negative Operating Cash Flow
Persistent negative operating cash flows show earnings are not converting into internal liquidity, forcing reliance on financing activities. Over 2–6 months this undermines ability to self-fund working capital or capex, raises refinancing risk, and constrains margin improvement from translating into stronger balance-sheet liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained year-over-year revenue growth signals expanding sales scale and market traction in the gems & jewellery business. Over 2–6 months this durable top-line expansion supports operating leverage, improves bargaining power with suppliers, and creates capacity to reinvest in product or distribution.
Read all positive factors
Moksh Ornaments Ltd. (MOKSH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.13B
Dividend YieldN/A
Average Volume (3M)623.14K
Price to Earnings (P/E)11.0
Beta (1Y)0.97
Revenue Growth12.88%
EPS Growth-26.07%
CountryIN
Employees13
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.32
Shares Outstanding86,322,716
10 Day Avg. Volume217,453
30 Day Avg. Volume623,139
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)0.65
Price to Sales (P/S)0.12
P/FCF Ratio-2.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Moksh Ornaments Ltd. Business Overview & Revenue Model
Company Description
Moksh Ornaments Ltd. (MOKSH) is a leading player in the jewelry manufacturing and retail sector, specializing in high-quality gold and diamond ornaments. The company operates in both wholesale and retail markets, offering a diverse range of produc...
How the Company Makes Money
The company makes money primarily by selling jewellery products. Its revenue model is driven by (1) proceeds from the manufacture and sale of jewellery (earning a spread between production cost—metal, stones, labour, overheads—and realized selling...
Moksh Ornaments Ltd. Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.80B | 4.49B | 4.47B | 3.24B | 3.37B |
| Gross Profit | 292.83M | 147.17M | 174.82M | 144.37M | 117.50M |
| EBITDA | 166.74M | 139.46M | 108.35M | 79.86M | 116.48M |
| Net Income | 84.28M | 62.53M | 61.35M | 51.34M | 56.61M |
Balance Sheet | |||||
| Total Assets | 1.44B | 1.07B | 794.98M | 495.98M | 771.34M |
| Cash, Cash Equivalents and Short-Term Investments | 90.28M | 86.62M | 52.25M | 27.27M | 94.62M |
| Total Debt | 324.76M | 494.45M | 277.50M | 40.95M | 355.37M |
| Total Liabilities | 331.55M | 499.52M | 285.01M | 47.35M | 369.30M |
| Stockholders Equity | 1.11B | 572.50M | 509.97M | 448.63M | 402.04M |
Cash Flow | |||||
| Free Cash Flow | -274.70M | -184.13M | -212.73M | 255.57M | -288.31M |
| Operating Cash Flow | -269.98M | -184.09M | -212.73M | 259.63M | -286.78M |
| Investing Cash Flow | -4.72M | -44.00K | 0.00 | -4.06M | 765.76M |
| Financing Cash Flow | 271.21M | 218.50M | 237.71M | -322.92M | -2.17B |
Moksh Ornaments Ltd. Technical Analysis
Neutral
14.30
Price Trends
11.73
Positive
13.13
Negative
13.70
Negative
Market Momentum
-0.11
Negative
60.75
Neutral
88.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MOKSH, the sentiment is Neutral. The current price of 14.3 is above the 20-day moving average (MA) of 10.31, above the 50-day MA of 11.73, and above the 200-day MA of 13.70, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 60.75 is Neutral, neither overbought nor oversold. The STOCH value of 88.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MOKSH.
Moksh Ornaments Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹1.13B | 10.96 | ― | ― | 12.88% | -26.07% | |
66 Neutral | ₹9.69B | 3.41 | ― | 1.38% | 11.74% | 101.60% | |
66 Neutral | ₹123.84B | 23.90 | ― | 0.37% | 56.15% | 89.57% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
49 Neutral | ₹155.97M | 3.21 | ― | ― | 48.34% | 57.43% | |
41 Neutral | ₹266.28M | -23.75 | ― | ― | 89.66% | 59.29% |
* Consumer Cyclical Sector Average
IN:MOKSH
Moksh Ornaments Ltd.
13.06
-0.75
-5.43%
IN:GITANJALI
Gitanjali Gems Ltd
―
―
―
IN:GOENKA
Goenka Diamond & Jewels Ltd.
0.84
-0.03
-3.45%
IN:LYPSAGEMS
Lypsa Gems & Jewellery Ltd.
5.29
-1.16
-17.98%
IN:TBZ
Tribhovandas Bhimji Zaveri Limited
145.20
-44.05
-23.28%
IN:THANGAMAYL
Thangamayil Jewellery Ltd.
3,984.45
1,994.79
100.26%
Moksh Ornaments Ltd. Corporate Events
Moksh Ornaments Confirms No Deviation in Use of IPO Proceeds
Feb 9, 2026
Moksh Ornaments Ltd. has notified the stock exchange that there has been no deviation or variation in the use of proceeds raised from its initial public offering. The company stated that the funds have been deployed in line with the stated objecti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.