Moksh Ornaments share price & results
- Jun 2026
- Jun 2026
Mumbai-based manufacturer and exporter of gold jewellery, specialising in Kolkata-style gold bangles sold to wholesalers and retailers.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 268 | +77.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 1.9 | −0.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.1 | +28.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 8.78 | −1.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -0.47 | +4.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 34.05 | −12.1 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −41.3% 1Y
1Y: ₹14.25 on 24 Oct 2025 → ₹8.36. High ₹15.92 (18 Dec 2025), low ₹8.36 (23 Oct 2026).
- Previous close
- ₹8.36
- Market cap
- ₹82 Cr
- 52-week range
- ₹8.36 – ₹15.92
- One year
- −41.21%
- Price to earnings (TTM to Jun 2026)
- 7.80×
- Return on equity (TTM to Jun 2026)
- 8.78%
Overview
- Symbol
- NSE:MOKSH
- Sector
- Consumer Durables
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Moksh Ornaments Limited does
Based on the company's own presentations, annual report and earnings calls.
Moksh Ornaments Limited designs, crafts and manufactures gold jewellery, with a particular specialisation in gold bangles including the traditional Kolkata-style bangle. It sells to jewellery wholesalers and retailers across India and has expanded into international/export business. The company also built Digicat, a digital/electronic catalogue application that lets jewellery manufacturers, wholesalers and retailers showcase designs digitally to reach wider markets.
Segments
- Gold jewellery & bangle manufacturing
- Product specialisation
- Gold bangles, incl. Kolkata-style bangle
- Market reach
- Pan-India distribution plus international/export business
- Digital catalogue platform
- Digicat — electronic catalogue app for jewellery manufacturers, wholesalers and retailers
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +28% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 158 | 117 | 167 | 151 | 152 | 115 | 261 | 268 |
| Expenses | 154 | 113 | 167 | 147 | 147 | 111 | 259 | 263 |
| Operating profit | 4 | 4 | 1 | 4 | 4 | 4 | 2 | 5 |
| Operating margin | 2.8% | 3.8% | 0.5% | 2.8% | 2.9% | 3.9% | 0.8% | 1.9% |
| Other income | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 3 | 3 | 2 | 3 | 4 | 4 | 3 | 4 |
| Tax rate | 25.2% | 25.3% | 29.7% | 25.0% | 25.2% | 25.1% | 34.6% | 24.6% |
| Net profit | 2 | 2 | 1 | 2 | 3 | 3 | 2 | 3 |
| EPS (₹ per share) | 0.28 | 0.30 | 0.16 | 0.29 | 0.31 | 0.32 | 0.21 | 0.35 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 449 | 580 | 679 |
| Expenses | 437 | 566 | 664 |
| Operating profit | 12 | 14 | 15 |
| Other income | 2 | 3 | 2 |
| Interest | 5 | 5 | 3 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | 9 | 11 | 14 |
| Net profit | 6 | 8 | 10 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 11 | 11 | 11 | 17 | 18 | 18 |
| Reserves | 34 | 40 | 47 | 94 | 107 | 111 |
| Borrowings | 4 | 28 | 50 | 32 | 39 | 25 |
| Other liabilities | 1 | 1 | 0 | 1 | 7 | 31 |
| Total liabilities | 50 | 80 | 108 | 144 | 170 | 185 |
| Fixed assets | 0 | 0 | 0 | 0 | 1 | 7 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 49 | 79 | 108 | 143 | 169 | 177 |
| Total assets | 50 | 80 | 108 | 144 | 170 | 185 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -123 | 26 | -21 | -18 | -27 | 4 |
| Cash from investing | 77 | 0 | 0 | 0 | 0 | -7 |
| Cash from financing | -221 | -32 | 24 | 23 | 27 | 1 |
| Net cash flow | -267 | -7 | 2 | 4 | 0 | -3 |
| Free cash flow | -59 | 26 | -21 | -18 | -27 | -3 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 48 | 34 | 24 | 34 | 17 | 49 |
| Cash conversion cycle | 48 | 34 | 24 | 34 | 17 | 49 |
| Working capital days | 39 | 51 | 40 | 40 | 64 | 62 |
| Return on capital employed | 13.0% | 13.0% | 17.0% | 15.0% | 13.0% | 11.0% |
| Dividend payout | 0.0% | 10.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What the price assumes
AttractiveTo justify its price of ₹8, this stock must grow earnings at -2% every year for 7 years. Our analysis caps realistic growth at ~24%. At that growth it is worth ₹33 — upside of 300%.
- Growth the price implies
- -1.7% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 25.4% a year
- net profit, FY24–FY26 · EPS 24.4%
- The gap
- -0.3 pp
- 300% downside if it only repeats history
Ownership
Who owns it
Public hold 55.22% as of Jun 2026; institutions added 0.09 pts since Mar 2026.
- Promoters 40.09%
- Foreign institutions 4.65%
- Domestic institutions 0.05%
- Public 55.22%
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.38% held
- +0.56 pp 2.48% held
- +0.55 pp 1.89% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Moksh Ornaments Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 33.92% | unchanged | |
| 6.17% | unchanged | |
| FPI fund | 4.53% | unchanged |
| 2.48% | +0.56 pp | |
| 1.89% | +0.55 pp | |
| 1.38% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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