---
title: "Moksh Ornaments Ltd (MOKSH) — Share Price, Financials & Analysis"
symbol: "MOKSH"
company: "Moksh Ornaments Ltd"
canonical: "https://tapetide.com/stocks/MOKSH"
isin: "INE514Y01020"
nse_symbol: "MOKSH"
sector: "Trading"
industry: "Trading"
market_cap_cr: 91.78
generated_at: "2026-09-13T20:08:02.581Z"
---

# Moksh Ornaments Ltd (MOKSH)

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

## Company

- **NSE Symbol:** MOKSH
- **ISIN:** INE514Y01020
- **Sector:** Trading
- **Industry:** Trading
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2021-05-21
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** mokshornaments.com

## About

Incorporated in 2012, Moksh Ornaments Ltd is in the business of Export and Trading in Gold Jewelry

## Latest Price

- **Price:** ₹10.31
- **Change:** +0.13 (+1.28%)
- **Open:** ₹10.23
- **Day High:** ₹10.7
- **Day Low:** ₹9.99
- **Previous Close:** ₹10.18
- **Volume:** 352186
- **As Of:** 2026-09-11T09:59:38+00:00

## Key Fundamentals

Observed at 2026-09-11T04:35:23.882520Z.

- **Market Cap:** ₹91.78 Cr
- **Classification:** Microcap
- **P/E (reported):** 8.6
- **P/E (TTM):** 8.66
- **EPS (TTM):** ₹1.19
- **Book Value:** ₹14.63
- **Price to Book:** 0.7
- **Dividend Yield:** 0.98%
- **ROE:** 7.61%
- **ROCE:** 14.96%
- **Debt to Equity:** 0.19
- **Revenue (yearly):** ₹678.95 Cr
- **Net Income:** ₹9.85 Cr
- **EBITDA:** ₹15.16 Cr
- **52-Week High:** ₹16.65
- **52-Week Low:** ₹8.11
- **RSI (14):** 45.45

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Falling
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 70.72 | 9% |
| growth | 82.41 | 9% |
| momentum | 31.26 | 12% |
| ownership | 52.23 | 24% |
| quality | 47.61 | 22% |
| valuation | 67.61 | 24% |

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

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.70 times its book value
- Company is expected to give good quarter

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.50% over last 3 years.
- Debtor days have increased from 33.1 to 48.7 days.
- Promoter holding has decreased over last 3 years: -15.0%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -45.03% | -25.53% | 78.29% |
| ebitda margin growth | 60.53% | -22.57% | -27.83% | -9.35% |
| net income growth | 63.16% | 17.26% | 17% | 12% |
| revenue growth | 2.17% | 16.46% | 15% | 15% |
| roce | — | -35.71% | -23.71% | 19.8% |
| roe | — | -30.31% | 10.19% | -45.87% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 126.58 | 84.94 | 105.58 | 136.82 | 158.45 | 117.3 | 167.33 | 150.66 | 151.7 | 115.2 | 261.38 | 267.63 |
| Expenses | 123.44 | 81.01 | 102.86 | 132.44 | 154.01 | 112.81 | 166.57 | 146.5 | 147.25 | 110.76 | 259.26 | 262.58 |
| Operating Profit | 3.14 | 3.93 | 2.72 | 4.38 | 4.44 | 4.49 | 0.76 | 4.16 | 4.45 | 4.44 | 2.12 | 5.05 |
| OPM % | 2.48 | 4.63 | 2.58 | 3.2 | 2.8 | 3.83 | 0.45 | 2.76 | 2.93 | 3.85 | 0.81 | 1.89 |
| Other Income | 0.43 | 0.19 | 0.79 | 0.13 | 0.14 | 0.14 | 2.2 | 0.15 | 0.11 | 0.08 | 1.65 | 1.03 |
| Interest | 1.11 | 2.09 | 1.4 | 1.48 | 1.32 | 1.26 | 1.07 | 1.03 | 0.83 | 0.7 | 0.9 | 1.29 |
| Depreciation | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.68 |
| Profit before tax | 2.42 | 1.99 | 2.07 | 2.99 | 3.22 | 3.32 | 1.85 | 3.24 | 3.69 | 3.78 | 2.83 | 4.11 |
| Tax % | 25.21 | 25.13 | 30.43 | 25.08 | 25.16 | 25.3 | 29.73 | 25 | 25.2 | 25.13 | 34.63 | 24.57 |
| Net Profit | 1.81 | 1.48 | 1.43 | 2.24 | 2.41 | 2.48 | 1.3 | 2.42 | 2.76 | 2.83 | 1.85 | 3.1 |
| EPS in Rs | 0.21 | 0.17 | 0.17 | 0.26 | 0.28 | 0.3 | 0.16 | 0.29 | 0.31 | 0.32 | 0.21 | 0.35 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 310 | 381 | 344 | 337 | 324 | 447 | 449 | 580 | 679 | 796 |
| Expenses | 301 | 372 | 338 | 328 | 317 | 436 | 437 | 566 | 664 | 780 |
| Operating Profit | 8 | 9 | 6 | 9 | 7 | 10 | 12 | 14 | 15 | 16 |
| OPM % | 2.7 | 2.4 | 1.8 | 2.5 | 2.2 | 2.3 | 2.7 | 2.4 | 2.2 | 2 |
| Other Income | 0 | 1 | 5 | 3 | 1 | 1 | 2 | 3 | 2 | 3 |
| Interest | 3 | 3 | 4 | 4 | 1 | 2 | 5 | 5 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 6 | 7 | 7 | 8 | 7 | 8 | 9 | 11 | 14 | 14 |
| Tax % | 33 | 28 | 25 | 27 | 26 | 28 | 26 | 26 | 27 | — |
| Net Profit | 4 | 5 | 5 | 6 | 5 | 6 | 6 | 8 | 10 | 11 |
| EPS in Rs | 0.45 | 0.55 | 0.62 | 0.65 | 0.59 | 0.71 | 0.72 | 1.01 | 1.12 | 1.19 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 17 | 18 |
| Reserves | 6 | 15 | 20 | 25 | 30 | 34 | 40 | 47 | 94 | 111 |
| Borrowings | 36 | 34 | 50 | 60 | 36 | 4 | 28 | 50 | 32 | 25 |
| Other Liabilities | 5 | 2 | 5 | 8 | 3 | 1 | 1 | 0 | 1 | 31 |
| Total Liabilities | 52 | 62 | 85 | 103 | 79 | 50 | 80 | 108 | 144 | 185 |
| Fixed Assets | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 7 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 50 | 60 | 83 | 103 | 79 | 49 | 79 | 108 | 143 | 177 |
| Total Assets | 52 | 62 | 85 | 103 | 79 | 50 | 80 | 108 | 144 | 185 |

### Cash Flow

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

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -8 | -8 | 3 | 19 | -123 | 26 | -21 | -18 | -27 | 4 |
| Cash from Investing Activity | 0 | 0 | 0 | -11 | 77 | 0 | 0 | 0 | 0 | -7 |
| Cash from Financing Activity | 10 | 9 | 16 | 7 | -221 | -32 | 24 | 23 | 27 | 1 |
| Net Cash Flow | 1 | 1 | 18 | 15 | -267 | -7 | 2 | 4 | 0 | -3 |
| Free Cash Flow | -9 | -8 | 3 | 20 | -59 | 26 | -21 | -18 | -27 | -3 |
| CFO/OP | -98 | -75 | 50 | 325 | -1442 | 366 | -186 | -108 | -156 | 48 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 13 | 12 | 10 | 38 | 48 | 34 | 24 | 34 | 17 | 49 |
| Inventory Days | 60 | 53 | 46 | 30 | — | — | — | — | — | 43 |
| Days Payable | 3 | 0 | 3 | 4 | — | — | — | — | — | 16 |
| Cash Conversion Cycle | 70 | 65 | 54 | 63 | 48 | 34 | 24 | 34 | 17 | 75 |
| Working Capital Days | 9 | 23 | 5 | -2 | 39 | 51 | 40 | 40 | 64 | 62 |
| ROCE % | 22 | 16 | 14 | 12 | 13 | 13 | 17 | 15 | 13 | 11 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.13% | 55.13% | 55.13% | 55.13% | 55.13% | 55.13% | 36.87% | 36.87% | 40.09% | 40.09% | 40.09% | 40.09% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 6.82% | 6.16% | 4.53% | 4.53% | 4.53% | 4.65% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.08% | 0.08% | 0.05% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 41.82% | 42.36% | 41.59% | 41.76% | 40.87% | 41.37% | 49.06% | 48.49% | 44.39% | 46.87% | 48.01% | 47.93% |
| Others | 3.05% | 2.51% | 3.28% | 3.11% | 3.99% | 3.5% | 7.25% | 8.48% | 10.99% | 8.44% | 7.29% | 7.28% |
| No. of Shareholders | 33468 | 27398 | 39491 | 37296 | 37675 | 37857 | 40149 | 39513 | 38810 | 37079 | 35925 | 35104 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 3 / 7 / 9

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 10.21 | Buy |
| EMA (10) | 10.23 | Buy |
| SMA (20) | 10.31 | Sell |
| EMA (20) | 10.32 | Sell |
| SMA (50) | 10.7 | Sell |
| EMA (50) | 10.69 | Sell |
| SMA (100) | 11.49 | Sell |
| EMA (100) | 11.21 | Sell |
| SMA (200) | 12.28 | Sell |
| EMA (200) | 11.95 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.12 | Neutral |
| MACD (12,26,9) | -0.15 | Buy |
| Stochastic (14,3,3) | 32.79 | Neutral |
| ADX (14) | 17.31 | Neutral |
| Williams %R (14) | -64.67 | Neutral |
| ATR (14) | 0.55 | High Volatility |
| ROC (12) | -0.96 | Sell |
| Stoch RSI (14) | 76.72 | Neutral |
| UO (7,14,28) | 35.94 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MOKSH_09092026164525_Newspaperadv090926F.pdf) |
| 2026-09-08 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/MOKSH_08092026170314_Notice2025-26withcoverletter.pdf) |
| 2026-09-07 | [Updates](https://nsearchives.nseindia.com/corporate/MOKSH_07092026132352_Book_Closure.pdf) |
| 2026-08-17 | [Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MOKSH_17082026143823_mokshnewspaperadvjune.pdf) |
| 2026-08-14 | [Updates](https://nsearchives.nseindia.com/corporate/MOKSH_14082026152150_Resultjune26.pdf) |
| 2026-08-14 | [Statement of deviation(s) or variation(s) under Reg. 32](https://nsearchives.nseindia.com/corporate/MOKSH_14082026152534_devvari.pdf) |
| 2026-07-11 | [Certificate under SEBI (Depositories and Participants) Regulations, 2018](https://nsearchives.nseindia.com/corporate/MOKSH_11072026143229_74_5_Final.pdf) |
| 2026-06-29 | [Trading Window](https://nsearchives.nseindia.com/corporate/MOKSH_29062026171940_mokshclosertradingwindow.pdf) |
| 2026-06-26 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/MOKSH_26062026162725_ScrutiniserReportFinal.pdf) |
| 2026-06-26 | [Shareholders meeting](https://nsearchives.nseindia.com/corporate/MOKSH_26062026162243_proceedingEOGM.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MOKSH_07092026132144_OUTCOME070926.pdf) |
| 2026-08-14 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MOKSH_14082026151613_Resultjune26.pdf) |
| 2026-06-03 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MOKSH_03062026155418_Outcome_of_Board_Meeting__Moksh.pdf) |
| 2026-05-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MOKSH_11052026182635_NSE_Outcome_Moksh.pdf) |
| 2026-05-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MOKSH_11052026183712_NSE_Outcome_Moksh.pdf) |
| 2026-05-11 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MOKSH_11052026181644_NSE_Outcome_Moksh.pdf) |
| 2026-04-29 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MOKSH_29042026165426_Outcome_.pdf) |
| 2026-02-18 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MOKSH_18022026144901_OUTCOMEocr.pdf) |
| 2026-02-09 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MOKSH_09022026174529_FinancialresultmokshOCRdecfinal.pdf) |
| 2026-02-09 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MOKSH_09022026174002_FinancialresultmokshOCRdecfinal.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/AR_31880_MOKSH_2025_2026_A_4460932_08092026170605.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/AR_28914_MOKSH_2024_2025_A_2812467_08092025171608.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/AR_25831_MOKSH_2023_2024_0509202417319.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/AR_23166_MOKSH_2022_2023_31082023210517_08312023220003.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21702_MOKSH_2021_2022_08092022153400_09082022160001.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_19469_MOKSH_2020_2021_06092021145541_09062021150013.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jul 2020 | [Concall - Jul 2020](https://archives.nseindia.com/corporate/MOKSH_17072020112252_Moksh_IP_30_06_2020.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 2026-09-13T20:08:02.581Z.