NSEI:MOKSH

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Executive Summary

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


Snowflake Analysis

Proven track record with mediocre balance sheet.


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

10.0%

MOKSH

-0.3%

IN Luxury

1.3%

IN Market


1 Year Return

21.6%

MOKSH

-21.9%

IN Luxury

-10.7%

IN Market

Return vs Industry: MOKSH exceeded the Indian Luxury industry which returned -24.1% over the past year.

Return vs Market: MOKSH exceeded the Indian Market which returned -11.3% over the past year.


Shareholder returns

MOKSHIndustryMarket
7 Day10.0%-0.3%1.3%
30 Day10.0%0.7%7.0%
90 Day-5.7%12.4%29.4%
1 Year21.6%21.6%-21.2%-21.9%-9.0%-10.7%
3 Yearn/a-1.9%-4.2%0.08%-5.2%
5 Yearn/a31.0%23.7%23.3%12.0%

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?

4.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MOKSH (₹24.1) is trading above our estimate of fair value (₹11.67)

Significantly Below Fair Value: MOKSH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MOKSH is good value based on its PE Ratio (4.9x) compared to the Luxury industry average (9.9x).

PE vs Market: MOKSH is good value based on its PE Ratio (4.9x) compared to the Indian market (12.2x).


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 (0.7x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Moksh Ornaments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.8%

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?

32.2%

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 (1.3%).


Past Earnings Growth Analysis

Earnings Trend: MOKSH's earnings have grown significantly by 32.2% per year over the past 5 years.

Accelerating Growth: MOKSH's earnings growth over the past year (10.9%) is below its 5-year average (32.2% per year).

Earnings vs Industry: MOKSH earnings growth over the past year (10.9%) exceeded the Luxury industry 6.9%.


Return on Equity

High ROE: MOKSH's Return on Equity (14.8%) is considered low.


Next Steps

Financial Health

How is Moksh Ornaments's financial position?


Financial Position Analysis

Short Term Liabilities: MOKSH's short term assets (₹1.0B) exceed its short term liabilities (₹674.4M).

Long Term Liabilities: MOKSH's short term assets (₹1.0B) exceed its long term liabilities (₹100.0).


Debt to Equity History and Analysis

Debt Level: MOKSH's debt to equity ratio (166.5%) is considered high.

Reducing Debt: MOKSH's debt to equity ratio has reduced from 541% to 166.5% over the past 5 years.

Debt Coverage: MOKSH's debt is not well covered by operating cash flow (3.4%).

Interest Coverage: MOKSH's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Moksh Ornaments's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MOKSH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MOKSH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Amrit Shah (48yo)

2.83yrs

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 ($USD31.78K) is below average for companies of similar size in the Indian market ($USD49.02K).

Compensation vs Earnings: Amrit's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Amrit Shah
Chairman & MD2.83yrs₹2.40m28.89% 74.7m
Jawanmal Shah
Whole-Time Director8yrs₹2.40m28.89% 74.7m
Purvesh Shah
Chief Financial Officer2.92yrsno data1.31% 3.4m
Charmy Variya
Company Secretary & Compliance Officer2.92yrsno datano data

2.9yrs

Average Tenure

39yo

Average Age

Experienced Management: MOKSH's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Amrit Shah
Chairman & MD2.83yrs₹2.40m28.89% 74.7m
Jawanmal Shah
Whole-Time Director8yrs₹2.40m28.89% 74.7m
Nirali Shah
Independent Director1.92yrs₹25.00kno data
Sangeeta Shah
Non-Executive & Independent Director8yrsno data7.22% 18.7m
Sanjay Suthar
Independent Director2yrs₹25.00kno data

5.0yrs

Average Tenure

46yo

Average Age

Experienced Board: MOKSH's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹258.641m
  • 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 Analysis2020/07/03 12:52
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.