---
title: "Manoj Jewellers Ltd (544400) — Share Price, Financials & Analysis"
symbol: "544400"
company: "Manoj Jewellers Ltd"
canonical: "https://tapetide.com/stocks/544400"
isin: "INE0MV001018"
nse_symbol: "MANOJJEWELLERSLTD"
bse_code: "544400"
sector: "Consumer Goods"
industry: "Jewellery & Watches"
market_cap_cr: 54.7
generated_at: "2026-09-13T18:58:51.551Z"
---

# Manoj Jewellers Ltd (544400)

Canonical page: https://tapetide.com/stocks/544400

## Company

- **NSE Symbol:** MANOJJEWELLERSLTD
- **BSE Code:** 544400
- **ISIN:** INE0MV001018
- **Sector:** Consumer Goods
- **Industry:** Jewellery & Watches
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-05-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** manojjewellerslimited.com

## About

Incorporated in 2007, Manoj Jewellers Limited is engaged in the retail business of various jewellery and ornaments made out of gold and diamonds studded with precious and semiprecious stones[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:49:28.224691Z.

- **Market Cap:** ₹54.7 Cr
- **Classification:** SME
- **P/E (reported):** 6.1
- **Book Value:** ₹31.62
- **Price to Book:** 0.96
- **Dividend Yield:** 0%
- **ROE:** 23.22%
- **ROCE:** 28.1%
- **Debt to Equity:** 0.44
- **Revenue (yearly):** ₹114.2 Cr
- **Net Income:** ₹9 Cr
- **EBITDA:** ₹13.7 Cr
- **52-Week High:** ₹45.79
- **52-Week Low:** ₹20.62
- **RSI (14):** 60.11

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 60.74 | 9% |
| growth | 98.9 | 9% |
| momentum | 6.5 | 12% |
| ownership | 48.64 | 24% |
| quality | 71.14 | 22% |
| valuation | 59.48 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has delivered good profit growth of 157% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.1%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -144.57% | -80.47% | — |
| ebitda margin growth | -14.66% | -8.05% | -51.1% |
| net income growth | 87.5% | 143% | 157% |
| revenue growth | 91.61% | 103% | 75% |
| roce | -6.77% | 16.79% | 22.63% |
| roe | -29.19% | 29.56% | 60.8% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 25 | 35 | 69 | 45 |
| Expenses | 21 | 31 | 61 | 40 |
| Operating Profit | 4 | 4 | 8 | 5 |
| OPM % | 17 | 12 | 12 | 12 |
| Other Income | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 3 | 3 | 8 | 5 |
| Tax % | 28 | 22 | 25 | 27 |
| Net Profit | 2 | 2 | 6 | 3 |
| EPS in Rs | 1.88 | 2.08 | 3.14 | 1.87 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 12 | 7 | 7 | 14 | 43 | 60 | 114 |
| Expenses | 11 | 6 | 5 | 11 | 38 | 51 | 100 |
| Operating Profit | 1 | 1 | 2 | 2 | 6 | 8 | 14 |
| OPM % | 11 | 20 | 24 | 16 | 13 | 14 | 12 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 1 | 1 | 4 | 6 | 12 |
| Tax % | 33 | 0 | 29 | 37 | 29 | 25 | 26 |
| Net Profit | 0 | 0 | 0 | 1 | 3 | 5 | 9 |
| EPS in Rs | 0.24 | 0.24 | 1.09 | 0.48 | 2.66 | 3.97 | 5.01 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 2 | 6 | 6 | 6 | 9 |
| Reserves | 0 | 0 | 1 | 1 | 4 | 9 | 30 |
| Borrowings | 11 | 12 | 12 | 6 | 15 | 19 | 17 |
| Other Liabilities | 1 | 1 | 1 | 1 | 1 | 2 | 4 |
| Total Liabilities | 14 | 15 | 15 | 13 | 26 | 35 | 61 |
| Fixed Assets | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 14 | 15 | 15 | 13 | 26 | 35 | 60 |
| Total Assets | 14 | 15 | 15 | 13 | 26 | 35 | 61 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2 | 0 | 1 | 5 | -6 | -4 | -11 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing Activity | 2 | 0 | -1 | -4 | 9 | 1 | 13 |
| Net Cash Flow | 0 | 0 | 0 | 1 | 2 | -3 | 2 |
| Free Cash Flow | -3 | 0 | 1 | 5 | -6 | -5 | -11 |
| CFO/OP | -170 | 23 | 78 | 246 | -93 | -36 | -61 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 5 | 1 | 0 | 0 | 9 | 27 | 24 |
| Inventory Days | 500 | 1108 | 1192 | 405 | 210 | 217 | 185 |
| Days Payable | 26 | 55 | 7 | 15 | 0 | 1 | 2 |
| Cash Conversion Cycle | 479 | 1054 | 1185 | 389 | 218 | 243 | 207 |
| Working Capital Days | 314 | 609 | 535 | 271 | 159 | 158 | 144 |
| ROCE % | — | 8 | 11 | 15 | 30 | 28 | 30 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 94.99% | 65.28% | 65.28% |
| FIIs | 0% | 0% | 0% |
| DIIs | 0% | 0.07% | 0% |
| Government | 0% | 0% | 0% |
| Public | 0% | 26.29% | 32.87% |
| Others | 5.01% | 8.37% | 1.85% |
| No. of Shareholders | 11 | 462 | 470 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 4 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 27.48 | Buy |
| EMA (10) | 28.73 | Buy |
| SMA (20) | 29.62 | Buy |
| EMA (20) | 29.39 | Buy |
| SMA (50) | 31.61 | Sell |
| EMA (50) | 32.13 | Sell |
| SMA (100) | 37.56 | Sell |
| EMA (100) | 36.02 | Sell |
| SMA (200) | 42.98 | Sell |
| EMA (200) | 40.82 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.77 | Neutral |
| MACD (12,26,9) | -1.12 | Buy |
| Stochastic (14,3,3) | 82.59 | Sell |
| ADX (14) | 13.85 | Neutral |
| Williams %R (14) | -8.23 | Sell |
| ATR (14) | 2.19 | High Volatility |
| ROC (12) | 1.84 | Buy |
| Stoch RSI (14) | 91.9 | Sell |
| UO (7,14,28) | 63.43 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 May - Board meeting on 15 May 2026 to approve audited FY2026 financial results. | [Board Meeting Intimation for Approval Of Audited Financial Results For The Year Ended 31St March 2026. 8 May - Board meeting on 15 May 2026 to approve audited FY2026 financial results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8f7edfd0-3dc4-4239-ba46-36a07bd5342e.pdf) |
| 8 Apr - Certificate under Reg.74 (5) of SEBI (DP) regulation, 2018 for the quarter ended March 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Certificate under Reg.74 (5) of SEBI (DP) regulation, 2018 for the quarter ended March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/38b28e44-eef3-4b45-b643-f021948d740a.pdf) |
| 7 Feb - India Ratings upgraded Sarthak Industries’ bank loan facilities to IND BB+/Stable/IND A4+ on Feb 6, 2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 7 Feb - India Ratings upgraded Sarthak Industries’ bank loan facilities to IND BB+/Stable/IND A4+ on Feb 6, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1f100268-d558-41e0-bed2-f9d0b12664ae.pdf) |
| 30 Mar - Trading window closed Apr 1, 2026 until 48 hours after FY2026 results communication. | [Closure of Trading Window 30 Mar - Trading window closed Apr 1, 2026 until 48 hours after FY2026 results communication.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28d51b62-ef75-4dda-8a81-9835ce5f9ada.pdf) |
| 20 Jan - Newspaper Publication for Postal Ballot Notice dated 08-01-2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Jan - Newspaper Publication for Postal Ballot Notice dated 08-01-2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/45e38cf5-d086-4cdb-ad40-069d414cbeb9.pdf) |
| 19 Jan - Reg.74(5) certificate: no physical equity share certificates received for demat for quarter ended 31-Dec-2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 19 Jan - Reg.74(5) certificate: no physical equity share certificates received for demat for quarter ended 31-Dec-2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f5f65c8-79ec-4b45-9092-d8e4d2278761.pdf) |
| 14 Feb - Of Newspaper Publication of Special window for Transfer and Dematerialization of Physical Securities. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Feb - Of Newspaper Publication of Special window for Transfer and Dematerialization of Physical Securities.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c90f179-45ef-409c-934b-34b34537e189.pdf) |
| 13 Jan - 08 Jan 2026: Board approved two independent director reappointments, authorised capital increase, new AOA, postal ballot and scrutinizer. | [Revised Board Meeting Outcome Dated 08.01.2026 13 Jan - 08 Jan 2026: Board approved two independent director reappointments, authorised capital increase, new AOA, postal ballot and scrutinizer.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4c2da256-e363-4440-ba72-58f639a9508b.pdf) |
| 13 Feb - Unaudited Q3 revenue Rs.4,344.17 lakh; Q3 PAT Rs.42.36 lakh; 9M revenue Rs.18,556.85 lakh. | [Financial Results For The Quarter And Nine Month Ended December 31, 2025. 13 Feb - Unaudited Q3 revenue Rs.4,344.17 lakh; Q3 PAT Rs.42.36 lakh; 9M revenue Rs.18,556.85 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8d95567c-8ad5-4096-b17c-c89a17175f35.pdf) |
| 13 Feb - Unaudited Q3 and 9M results to Dec 31, 2025: Q3 net profit Rs 42.36 lakh; revenue Rs 4,344.17 lakh. | [Board Meeting Outcome for For Meeting Of Board Held On Friday, February 13, 2026. 13 Feb - Unaudited Q3 and 9M results to Dec 31, 2025: Q3 net profit Rs 42.36 lakh; revenue Rs 4,344.17 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dce7ba79-8ab7-4f86-95c8-5403fe8dc53e.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=807f6bf5-29e7-4ddc-82b4-3be809282b65.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4adb7962-38b0-465e-b1ed-326870bb5470.pdf) |
| 2026-08-21 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c9f05b52-6f2b-4acc-bfab-1b4e9e325251.pdf) |
| 2026-08-21 | [Notice Of Shareholder Meeting On 19Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c8e3bce-764e-467a-9ed1-f1b65b0e19ce.pdf) |
| 2026-08-21 | [Notice Of Shareholder Meeting On 12Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b19c19c0-4e23-4649-8c55-6a33b10b6d7c.pdf) |
| 2026-08-20 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4fe039f5-3a92-4cfa-aec4-7e78567dfced.pdf) |
| 2026-08-17 | [Board Meeting Outcome for Outcome Of Board Meeting Of Company Under Regulation 30 Of SEBI (LODR) Regulations 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8261060-1a24-493b-89c3-13d1532c333d.pdf) |
| 2026-08-17 | [Record Date For The Purpose Of Determining The Equity Shareholders Entitled To Receive The Rights Entitlement In The Rights Issue.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4481c03-0896-4662-9329-252653d1b20a.pdf) |
| 2026-08-13 | [Announcement Under Regulation 30 - Clarification Of Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1b3bcd6f-ca77-4e92-9897-e0093571ce9f.pdf) |
| 2026-07-14 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=31af1702-73ad-4a94-b067-39c8d1abd3f1.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-18 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c267befd-5f93-40bc-b202-6876d268f9dd.pdf) |
| 2025-12-01 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=426e6665-0ebe-4d11-9c0c-0807c9b219f2.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-15 | [Result - Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15a6830b-eae8-46cf-a31e-32911b8feed6.pdf) |
| 2025-11-07 | [Results For The Half Year Ended As On 30Th September 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55e2457c-d9ed-43d0-9a5b-b2e29667fd25.pdf) |
| 2025-06-02 | [Board Meeting Outcome for For Approval Of Financial Result As On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=250f5b66-ea3b-4774-8701-719427e237da.pdf) |
| 2025-06-02 | [Financial Result - 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=96c5a449-6984-4a3e-ae90-a5258577d986.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c267befd-5f93-40bc-b202-6876d268f9dd.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c267befd-5f93-40bc-b202-6876d268f9dd.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/426e6665-0ebe-4d11-9c0c-0807c9b219f2.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2aa89ef7-5247-4cb0-bb96-310f0254362f.pdf) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3dfa52e6-d65d-46ed-9067-a0ed2d2f19ee.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c7b57a1-7310-451d-9a8b-0601cbcba0b7.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0ade187-8c27-4d4c-90d7-67c61c168da5.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531930/74318531930.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/531930/69674531930.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/531930/66331531930.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/531930/5319300319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/531930/5319300318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/531930/5319300317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:51.551Z.