Moksh Ornaments
: MOKSH · Gems, Jewellery And Watches
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Moksh Ornaments's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Moksh Ornaments Ltd is engaged in the manufacturing and wholesale trading of gold jewellery, including bangles, chains, and Mangal sutras. The company operates an asset-light model by outsourcing production to artisans in Kolkata and Mumbai while supplying major retail brands across India and exporting to the UAE.
Business Model
The company generates revenue through the wholesale distribution of gold jewellery to retail chains and international exports. It procures raw gold from domestic banks and bullion dealers, managing the supply chain while outsourcing the labour-intensive manufacturing process.
Growth Outlook
Growth is driven by the expansion of wholesale partnerships with established domestic retail brands and the scaling of export operations to the UAE market.
Key Risks
- Gold Price Volatility. Fluctuations in the price of gold can significantly impact profit margins and inventory valuation.
- Dependency on Outsourced Labour. Relying on third-party artisans for manufacturing poses risks related to quality control and production timelines.
- Regulatory and Compliance Risk. The jewellery sector is subject to stringent government regulations regarding gold imports and hallmarking standards.
- Concentration Risk. Heavy reliance on a limited number of large retail clients for wholesale revenue may impact financial stability if these relationships deteriorate.
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Key Metrics
P/E
16.0x
Q4 FY26 · standalone
EV/EBITDA
6.5x
Q4 FY26 · standalone
NET PROFIT MARGIN
0.7%
Q4 FY26 · standalone
DEBT TO EQUITY
0.2x
Q4 FY26 · standalone
Peers · Gems, Jewellery And Watches
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Moksh OrnamentsMOKSH | ₹94 Cr | 15.06 | 6.92 | — | 2.5% | 8.5% | 14.6% | -21.3% |
Maxgrow IndiaMAXGROW | ₹632 Cr | — | — | — | 2.0% | — | — | +1200.7% |
RBZ Jewellers LimitedRBZJEWEL | ₹585 Cr | 10.30 | 7.45 | 30.3% | 14.3% | 20.8% | 30.5% | +6.5% |
PNGS Gargi Fashion Jewellery LimitedGARGI | ₹576 Cr | — | — | — | 27.0% | — | — | -37.2% |
Uday Jewellery Industries LimitedUDAYJEW | ₹464 Cr | 17.78 | 13.64 | 128.5% | 7.0% | 25.1% | 33.4% | -18.8% |
Manbro Industries LimitedMANBRO | ₹346 Cr | 35.93 | 345.70 | — | 270.3% | 2.3% | 2.3% | -89.7% |
As of Q4 FY26
Financials
Moksh Ornaments
: MOKSH · Gems, Jewellery And Watches
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Moksh Ornaments's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Moksh Ornaments Ltd is engaged in the manufacturing and wholesale trading of gold jewellery, including bangles, chains, and Mangal sutras. The company operates an asset-light model by outsourcing production to artisans in Kolkata and Mumbai while supplying major retail brands across India and exporting to the UAE.
Business Model
The company generates revenue through the wholesale distribution of gold jewellery to retail chains and international exports. It procures raw gold from domestic banks and bullion dealers, managing the supply chain while outsourcing the labour-intensive manufacturing process.
Growth Outlook
Growth is driven by the expansion of wholesale partnerships with established domestic retail brands and the scaling of export operations to the UAE market.
Key Risks
- Gold Price Volatility. Fluctuations in the price of gold can significantly impact profit margins and inventory valuation.
- Dependency on Outsourced Labour. Relying on third-party artisans for manufacturing poses risks related to quality control and production timelines.
- Regulatory and Compliance Risk. The jewellery sector is subject to stringent government regulations regarding gold imports and hallmarking standards.
- Concentration Risk. Heavy reliance on a limited number of large retail clients for wholesale revenue may impact financial stability if these relationships deteriorate.
Start your research today
Unlock AI insights, financials, peers and live data on Moksh Ornaments and 5,000+ companies — free.
Key Metrics
P/E
16.0x
Q4 FY26 · standalone
EV/EBITDA
6.5x
Q4 FY26 · standalone
NET PROFIT MARGIN
0.7%
Q4 FY26 · standalone
DEBT TO EQUITY
0.2x
Q4 FY26 · standalone
Peers · Gems, Jewellery And Watches
As of Q4 FY26