MOTISONS
Motisons Jewellers share price & financials
- Price
- ₹14.33
- Market cap
- ₹1.8k Cr
- Sector
- Consumer Durables
What Motisons Jewellers Limited does
Motisons Jewellers is engaged in the trade, manufacture and sale of gold, diamond and diamond-studded jewellery as well as silver articles, and describes itself as one of the prominent players in India's organised jewellery retail sector. It offers jewellery spanning wedding, party and daily-wear occasions, and regularly launches new designs and collections in response to evolving customer preferences. The company operates as a standalone entity, with no subsidiaries, joint ventures or associate companies.
Segments
- Jewellery
- Market position
- One of the prominent players in India's organised jewellery retail sector
- Product categories
- Gold jewellery, diamond and diamond-studded jewellery, and silver articles
- Occasion coverage
- Wedding, party and daily-wear jewellery collections
- Corporate structure
- Standalone entity with no subsidiaries, joint ventures or associate companies
Quarterly results
Q1 FY27: revenue up 23.0%, net profit up 37.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 109 | 145 | 119 | 87 | 90 −17% | 175 +21% | 137 +15% | 107 +23% |
| EBITDA | 17 | 23 | 18 | 13 | 31 +82% | 35 +52% | 8 −56% | 16 +23% |
| Net profit | 10 | 15 | 11 | 8 | 21 +110% | 26 +73% | 8 −27% | 11 +38% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −14.8% 1Y
1Y: ₹18.71 on 10 Sept 2025 → ₹15.95. High ₹19.56 (17 Sept 2025), low ₹10.83 (30 Mar 2026).
Financials, as filed
Revenue grew 8.3% a year over 2 years, FY24 to FY26. Operating margin widened to 17.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹417 Cr | ₹462 Cr | ₹489 Cr |
| Operating profit | ₹64 Cr | ₹69 Cr | ₹87 Cr |
| Operating margin | 15.3% | 14.9% | 17.8% |
| Interest | ₹17 Cr | ₹9 Cr | ₹6 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹32 Cr | ₹42 Cr | ₹63 Cr |
| Net margin | 7.7% | 9.1% | 12.9% |
| Cash from operations | ₹-52 Cr | ₹-23 Cr | ₹27 Cr |
| Free cash flow | ₹-54 Cr | ₹-23 Cr | ₹26 Cr |
| ROCE | 17.0% | 15.0% | 18.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹65 Cr | ₹65 Cr | ₹65 Cr | ₹98 Cr | ₹98 Cr | ₹100 Cr |
| Reserves | ₹36 Cr | ₹50 Cr | ₹72 Cr | ₹230 Cr | ₹344 Cr | ₹399 Cr |
| Borrowings | ₹151 Cr | ₹159 Cr | ₹168 Cr | ₹111 Cr | ₹55 Cr | ₹39 Cr |
| Other liabilities | ₹24 Cr | ₹32 Cr | ₹31 Cr | ₹36 Cr | ₹50 Cr | ₹35 Cr |
| Total liabilities | ₹275 Cr | ₹307 Cr | ₹337 Cr | ₹475 Cr | ₹548 Cr | ₹573 Cr |
| Fixed assets | ₹12 Cr | ₹11 Cr | ₹7 Cr | ₹7 Cr | ₹5 Cr | ₹5 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹262 Cr | ₹295 Cr | ₹329 Cr | ₹468 Cr | ₹542 Cr | ₹567 Cr |
| Total assets | ₹275 Cr | ₹307 Cr | ₹337 Cr | ₹475 Cr | ₹548 Cr | ₹573 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −8.88 pp while the public added +5.89 pp. The shareholder count grew 1% to 1,69,586.
- Promoters
- 57.1%
- FIIs
- 2.9%
- DIIs
- 0.7%
- Public
- 39.3%
Since Jun 2025
- Promoters −8.88 pp
- Public +5.89 pp
- FIIs +2.78 pp
How it drifted, 11 quarters
Over this window the public went from 26.1% to 39.3% — +13.2 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 66.0%, FIIs 7.5%, DIIs 0.5%, Public 26.1%.Mar '24: Promoters 66.0%, FIIs 3.9%, DIIs 0.4%, Public 29.8%.Jun '24: Promoters 66.0%, FIIs 0.1%, DIIs 0.4%, Public 33.6%.Sep '24: Promoters 66.0%, FIIs 0.6%, DIIs 0.4%, Public 33.0%.Dec '24: Promoters 66.0%, FIIs 0.4%, DIIs 0.5%, Public 33.1%.Mar '25: Promoters 66.0%, FIIs 0.2%, DIIs 0.5%, Public 33.3%.Jun '25: Promoters 66.0%, FIIs 0.1%, DIIs 0.5%, Public 33.4%.Sep '25: Promoters 66.0%, FIIs 0.1%, DIIs 0.5%, Public 33.4%.Dec '25: Promoters 65.7%, FIIs 0.7%, DIIs 0.5%, Public 33.0%.Mar '26: Promoters 64.9%, FIIs 2.0%, DIIs 0.5%, Public 32.6%.Jun '26: Promoters 57.1%, FIIs 2.9%, DIIs 0.7%, Public 39.3%.
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.
- L7 Hitech Private Limited newly disclosed 1.87% held
- L7 Securities Private Limited newly disclosed 1.46% held
- Nirmalkumar Pareek newly disclosed 1.06% held
The same filing shows 9 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 Motisons Jewellers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Motisons Global Private Limited | 16.07% | −2.18 pp |
| Sanjay Chhabra | 12.51% | −1.70 pp |
| Motisons Entertainment India Private Limited | 6.47% | −0.88 pp |
| Moti Lal Sandeep Chhabra (Huf) | 5.64% | −0.77 pp |
| Sandeep Chhabra | 5.59% | −0.75 pp |
| Namita Chhabra | 5.35% | −0.72 pp |
| Sandeep Chhabra Huf | 3.52% | −0.47 pp |
| L7 Hitech Private Limited | 1.87% | newly disclosed |
| Sanjay Chhabra Huf | 1.54% | −0.21 pp |
| L7 Securities Private Limited | 1.46% | newly disclosed |
| Umesh Parasmal Pagariya | 1.13% | −0.27 pp |
| Nirmalkumar Pareek | 1.06% | 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.
What the price assumes
AttractiveTo justify its price of ₹16, this stock must grow earnings at 16% every year for 7 years. Our analysis caps realistic growth at ~40%. At that growth it is worth ₹52 — upside of 226%.
- Growth the price implies
- 16.3% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 40.3% a year
- net profit, FY24–FY26
- The gap
- -0.2 pp
- 226% downside if it only repeats history
Learn to analyse Motisons Jewellers Limited
Guides on how to read this kind of business and the numbers that matter.