NSEI:MOKSH

Stock Analysis Report

Executive Summary

Moksh Ornaments Limited engages in the manufacture and wholesale of jewelry in India.

Rewards

Trading at 56.5% below its fair value

Earnings grew by 2.4% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Does not have a meaningful market cap (₹284M)

Shareholders have been diluted in the past year



Snowflake Analysis

Good value with proven track record.


Similar Companies

Thangamayil Jewellery

NSEI:THANGAMAYL

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

MOKSHIndustryMarket
7 Day4.0%3.0%0.2%
30 Day0%4.4%2.1%
90 Day13.0%1.2%5.7%
1 Year22.1%22.1%12.7%11.9%9.2%7.2%
3 Yearn/a57.4%55.4%33.1%26.2%
5 Yearn/a98.1%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

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

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

companyn/amarketbottom25%0.6%markettop25%2.3%industryaverage0.6%forecastin3Yearsn/a

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

Buy₹972,44806 Aug 19
Purvesh Shah
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares45,000
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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MOKSHNSEI (National Stock Exchange of India)YesEquity SharesININRJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/20 13:10
End of Day Share Price2020/01/17 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.