Moksh Ornaments Ltd. (MOKSH) AI Stock Analysis

Moksh Ornaments Ltd.

(NSE:MOKSH)

Select Model

Rating:55.2Neutral

Price Target:INR 8.50▲(2.41% Upside)

Action:reiterated

Date:08/17/26

The overall score reflects a mixed fundamental profile: solid revenue growth and positive earnings are offset by thin profitability, moderate leverage, and weak, inconsistent cash flow, which together cap the stock’s quality. Technicals currently lean mildly bearish, with the price below key moving averages and momentum indicators in neutral territory, limiting near-term upside signals. While the P/E ratio suggests the shares are reasonably valued, the lack of a dividend and the company’s cash-generation risks keep the stock in the middle of the range rather than a high-conviction opportunity.

Positive Factors

Strong Revenue GrowthSustained revenue expansion indicates strengthening demand and continued business growth across multiple periods. A larger revenue base can improve operating leverage over time, support reinvestment, and provide a foundation for future earnings growth if the company preserves customer demand and improves margins.

Negative Factors

Weak Cash ConversionRepeated negative operating and free cash flow shows that accounting earnings have not consistently converted into cash. This can constrain internally funded growth, increase dependence on financing, and reduce resilience if working-capital needs or investment requirements remain elevated over the next several quarters.

Moksh Ornaments Ltd. (MOKSH) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 773.84M
Dividend Yield: ―
Average Volume (3M): 119.67K
Price to Earnings (P/E): 7.7
Beta (1Y): 1.20
Revenue Growth: 34.05%
EPS Growth: -7.33%
Country: India
Employees: 50
Sector: General
Sector Strength: 55
Industry: Luxury Goods

Moksh Ornaments Ltd. Business Overview & Revenue Model

Company Description

Moksh Ornaments Limited functions as a manufacturer and wholesale distributor of exquisite jewelry throughout India. The company's primary focus lies in providing an array of gold adornments, including bangles, various chain designs, and traditional...

How the Company Makes Money

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Moksh Ornaments Ltd. Financial Statement Overview

Summary

Revenue growth and positive net income support a mid-range score, but thin gross and operating margins, moderate leverage, and weak, inconsistent cash generation with negative free cash flow materially constrain overall financial strength.

Income Statement

58Neutral

Balance Sheet

64Positive

Cash Flow

42Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	7.96B	6.79B	5.80B	4.49B	4.47B	3.24B
Gross Profit	216.59M	220.48M	292.83M	147.17M	174.82M	144.37M
EBITDA	161.55M	151.54M	166.74M	139.46M	108.35M	72.38M
Net Income	105.38M	98.54M	84.28M	62.53M	61.35M	51.34M
Balance Sheet
Total Assets	0	1.85B	1.44B	1.07B	794.98M	495.98M
Cash, Cash Equivalents and Short-Term Investments	67.20M	67.20M	90.28M	86.62M	52.25M	27.27M
Total Debt	0	246.02M	324.76M	494.45M	277.50M	40.95M
Total Liabilities	-1.29B	556.94M	331.55M	499.52M	285.01M	47.35M
Stockholders Equity	1.29B	1.29B	1.11B	572.50M	509.97M	448.63M
Cash Flow
Free Cash Flow	0	-33.19M	-274.70M	-184.13M	-212.73M	255.57M
Operating Cash Flow	0	38.55M	-269.98M	-184.09M	-212.73M	259.63M
Investing Cash Flow	0	-71.74M	-4.72M	-44.00K	0	-4.06M
Financing Cash Flow	0	7.17M	271.21M	218.50M	237.71M	-322.92M

Moksh Ornaments Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price8.30

Price Trends

50DMA9.57Negative

100DMA10.43Negative

200DMA11.40Negative

Market Momentum

MACD-0.38Positive

RSI26.74Positive

STOCH19.28Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MOKSH, the sentiment is Negative. The current price of 8.30 is below the 20-day moving average (MA) of 8.79, below the 50-day MA of 9.57, and below the 200-day MA of 11.40, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 26.74 is Positive, neither overbought nor oversold. The STOCH value of 19.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MOKSH.

Moksh Ornaments Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MOKSH against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:RADHIKAJWE	62Neutral	INR 6.83B	9.04	―	―	16.75%	26.80%
IN:RBZJEWEL	59Neutral	INR 6.96B	12.05	―	―	30.27%	54.08%
IN:MOKSH	55Neutral	INR 726.84M	7.68	―	―	34.05%	-7.33%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:LYPSAGEMS	51Neutral	INR 114.99M	7.80	―	―	-2.92%	―
IN:KANANIIND	43Neutral	INR 310.65M	13.61	―	―	-3.19%	23.66%
IN:GOENKA	41Neutral	INR 266.28M	-25.39	―	―	113.71%	42.76%

* General Sector Average

Performance Comparison

IN:MOKSH and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MOKSH	Moksh Ornaments Ltd.	8.30	-6.00	-41.96%
IN:GOENKA	Goenka Diamond & Jewels Ltd.	0.84	-0.57	-40.43%
IN:KANANIIND	Kanani Industries Limited	1.69	-0.21	-11.05%
IN:LYPSAGEMS	Lypsa Gems & Jewellery Ltd.	4.00	-1.12	-21.88%
IN:RADHIKAJWE	Radhika Jeweltech Ltd	59.73	-30.15	-33.54%
IN:RBZJEWEL	RBZ Jewellers Limited	173.15	14.30	9.00%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

Moksh Ornaments Ltd. AI Stock Analysis