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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.
Motisons Jewellers Limited is an India-based jewelry retailer. The Company is engaged in the sales of jewelry made of gold, diamonds, kundan and the sale of other jewelry products, which include pearl, silver, platinum, precious, semi-precious stones, and other metals. It…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, fairly priced — but flagged on governance.
MOTISONS JEWELLERS LTD is scored on the consumer / fmcg framework. It keeps a healthy 12.8% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.43×) — worth a closer look. Free cash flow is worth about 1.6% of its market value.
Over the last 3 years revenue compounded at 11%/yr and profit at 42%/yr. Book value itself has compounded 54%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 12.8%. In the latest quarter profit grew 33% versus the prior quarter.
At 22× earnings, the stock sits at the 57th percentile of its own 2.9-year range — the middle of where it has historically traded. Today's price implies ~12%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹-0.27 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 | 24.61 | 98.84 | better |
| P/B | 2.69 | 3.28 | better |
| EV/EBITDA | 18.05 | — | — |
| ROE | 12.77 | 9.74 | better |
| ROCE | 16.68 | 11.66 | better |
| ROA | 11.65 | 15.54 | worse |
| Quick Ratio | 0.31 | — | — |
| 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. 11% CAGR over 3 years — steady double-digit compounder.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (42% vs 11%) — margin expansion is at work. The latest year saw a +48% swing — check if it's a one-off or structural.
Operating margin has expanded from 8% to 17% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 13% — a respectable return on shareholder capital. Low variance across years — a predictable business that earns steadily on its equity base.
Profit grew faster than EPS (42% vs -43%) — share dilution is eroding per-share value. -43% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 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. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 25% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (48% spread) — likely seasonality, lumpy orders, or project-based revenue.
Profit jumped 33% QoQ — check if this is operating leverage or a one-off item. Quarterly margins are compressing (24% → 10%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 2.9y median.
Promoter holding at 57.1% — majority control intact. Promoters reduced 7.7pp over 4 quarters — watch whether this is planned divestment or pledge invocations.
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.