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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Moksh Ornaments Limited is an India-based company, which is primarily engaged in the business of manufacturing and exporting of Kolkata bangles. The Company is involved in carving designs of gold jewelry and specializes in various types of gold bangles, a brand that offers a…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, steadily growing business, trading cheap versus its own history — but flagged on governance.
Moksh Ornaments is scored on the consumer / fmcg framework. It keeps a thin 1.4% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.39×) — worth a closer look. Free cash flow is worth about -4.3% of its market value.
Over the last 3 years revenue compounded at 15%/yr and profit at 17%/yr. Book value itself has compounded 36%/yr — the hallmark of a genuine compounder. Return on equity is a weak 7.6%. In the latest quarter profit grew 68% versus the prior quarter.
At 7× earnings, the stock sits at the 2nd percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~-5%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: Only ₹-2.04 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 7.38 | — | — |
| P/B | 0.61 | 3.19 | better |
| EV/EBITDA | 5.08 | 2.67 | worse |
| ROE | 7.63 | 9.75 | worse |
| ROCE | 11.05 | 11.92 | worse |
| ROA | 5.7 | 15.69 | worse |
| Quick Ratio | 1.83 | 2.41 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Titan Company | 63.0 | 24.3 | 38.5% |
| Kalyan Jewellers | 42.5 | 9.7 | 21.4% |
| Lalithaa Jewellery MART L | 20.7 | 5.1 | 34.5% |
Revenue has grown every year across all 4 financial years shown. 15% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder.
Operating margins have been stable around 2% — no major structural shift.
ROE at 8% — modest; the capital isn't working hard.
Profit grew faster than EPS (17% vs 1%) — share dilution is eroding per-share value. 1% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.4× PAT — reported profit isn't translating into cash, raising earnings quality questions. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Wide quarterly swings (57% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 99% above earlier ones.
Profit jumped 68% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 40.1% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.