Moksh Ornaments
Market Cap
₹279.0m
Last Updated
2020/01/20 13:10 UTC
Data Sources
Company Financials
Executive Summary
Moksh Ornaments Limited engages in the manufacture and wholesale of jewelry in India.
Rewards
Risk Analysis
Snowflake Analysis
Good value with proven track record.
Similar Companies
Share Price & News
How has Moksh Ornaments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MOKSH has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.0%
MOKSH
3.0%
IN Luxury
0.2%
IN Market
1 Year Return
22.1%
MOKSH
11.9%
IN Luxury
7.2%
IN Market
Return vs Industry: MOKSH exceeded the Indian Luxury industry which returned 8.4% over the past year.
Return vs Market: MOKSH exceeded the Indian Market which returned 6.7% over the past year.
Shareholder returns
| MOKSH | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | 3.0% | 0.2% |
| 30 Day | 0% | 4.4% | 2.1% |
| 90 Day | 13.0% | 1.2% | 5.7% |
| 1 Year | 22.1%22.1% | 12.7%11.9% | 9.2%7.2% |
| 3 Year | n/a | 57.4%55.4% | 33.1%26.2% |
| 5 Year | n/a | 98.1%94.6% | 35.6%23.5% |
Price Volatility Vs. Market
How volatile is Moksh Ornaments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Moksh Ornaments (NSE:MOKSH) A Risky Investment?4 weeks ago | Simply Wall St
Does Moksh Ornaments Limited's (NSE:MOKSH) P/E Ratio Signal A Buying Opportunity?1 month ago | Simply Wall St
Have Insiders Been Buying Moksh Ornaments Limited (NSE:MOKSH) Shares?Valuation
Is Moksh Ornaments undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MOKSH (₹26) is trading below our estimate of fair value (₹59.83)
Significantly Below Fair Value: MOKSH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MOKSH is good value based on its PE Ratio (5.7x) compared to the Luxury industry average (11.2x).
PE vs Market: MOKSH is good value based on its PE Ratio (5.7x) compared to the Indian market (13.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MOKSH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MOKSH is overvalued based on its PB Ratio (0.8x) compared to the IN Luxury industry average (0.6x).
Next Steps
Future Growth
How is Moksh Ornaments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.2%
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Moksh Ornaments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Moksh Ornaments is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Moksh Ornaments competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Moksh Ornaments performed over the past 5 years?
36.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MOKSH has high quality earnings.
Growing Profit Margin: MOKSH's current net profit margins (1.5%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: MOKSH's earnings have grown significantly by 36.2% per year over the past 5 years.
Accelerating Growth: MOKSH's earnings growth over the past year (2.4%) is below its 5-year average (36.2% per year).
Earnings vs Industry: MOKSH earnings growth over the past year (2.4%) exceeded the Luxury industry 1.2%.
Return on Equity
High ROE: MOKSH's Return on Equity (14.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Moksh Ornaments's financial position?
Financial Position Analysis
Short Term Liabilities: MOKSH's short term assets (₹695.5M) exceed its short term liabilities (₹382.5M).
Long Term Liabilities: MOKSH has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MOKSH's debt to equity ratio (102.4%) is considered high.
Reducing Debt: MOKSH's debt to equity ratio has reduced from 943.6% to 102.4% over the past 5 years.
Debt Coverage: MOKSH's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: MOKSH's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Inventory Level: MOKSH has a high level of physical assets or inventory.
Debt Coverage by Assets: MOKSH's debt is covered by short term assets (assets are 2x debt).
Next Steps
Dividend
What is Moksh Ornaments's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MOKSH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MOKSH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MOKSH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MOKSH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MOKSH's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
Next Steps
Management
What is the CEO of Moksh Ornaments's salary, the management and board of directors tenure and is there insider trading?
2.4yrs
Average management tenure
CEO
Amrit Shah (47yo)
2.3yrs
Tenure
₹2,400,000
Compensation
Mr. Amrit Jawanmal Shah is the Promoter and has been Managing Director of Moksh Ornaments Limited since September 28, 2017 and serves as its Chairman. Mr. Shah holds a degree in Bachelors of Commerce fro ...
CEO Compensation Analysis
Compensation vs Market: Amrit's total compensation ($USD33.87K) is below average for companies of similar size in the Indian market ($USD50.75K).
Compensation vs Earnings: Amrit's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.4yrs
Average Tenure
38yo
Average Age
Experienced Management: MOKSH's management team is considered experienced (2.4 years average tenure).
Board Age and Tenure
4.5yrs
Average Tenure
45yo
Average Age
Experienced Board: MOKSH's board of directors are considered experienced (4.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Financial Officer Chief Financial Officer |
| Shares | 45,000 |
| Max Price | ₹21.61 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.6%.
Management Team
Amrit Shah (47yo)
Chairman & MD
- Tenure: 2.3yrs
- Compensation: ₹2.40m
Jawanmal Shah (76yo)
Whole-Time Director
- Tenure: 7.5yrs
- Compensation: ₹2.40m
Purvesh Shah (22yo)
Chief Financial Officer
- Tenure: 2.4yrs
Charmy Variya (29yo)
Company Secretary & Compliance Officer
- Tenure: 2.4yrs
Board Members
Nirali Shah (27yo)
Independent Director
- Tenure: 1.4yrs
- Compensation: ₹25.00k
Amrit Shah (47yo)
Chairman & MD
- Tenure: 2.3yrs
- Compensation: ₹2.40m
Jawanmal Shah (76yo)
Whole-Time Director
- Tenure: 7.5yrs
- Compensation: ₹2.40m
Sangeeta Shah (45yo)
Non-Executive & Independent Director
- Tenure: 7.5yrs
Sanjay Suthar (25yo)
Independent Director
- Tenure: 1.5yrs
- Compensation: ₹25.00k
Company Information
Moksh Ornaments Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Moksh Ornaments Limited
- Ticker: MOKSH
- Exchange: NSEI
- Founded: 2012
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: ₹279.032m
- Shares outstanding: 10.73m
- Website: https://www.mokshornaments.com
Number of Employees
Location
- Moksh Ornaments Limited
- 99, Mulji Jetha Building
- B-405/1, B-405/2, 4th floor
- Mumbai
- Maharashtra
- 400002
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MOKSH | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Jan 2018 |
Biography
Moksh Ornaments Limited engages in the manufacture and wholesale of jewelry in India. It primarily sells gold jewelry, including bangles, chains, and mangalsutra. The company was incorporated in 2012 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/20 13:10 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.