Moksh Ornaments Ltd. (MOKSH) AI Stock Analysis

Moksh Ornaments Ltd.

(NSE:MOKSH)

Select Model

Rating:59Neutral

Price Target:INR 9.00▲(6.89% Upside)

Action:reiterated

Date:08/17/26

Driven by mixed financial performance with growth strengths offset by cash flow weaknesses, compounded by bearish technicals; positive valuation provides some uplift but not enough to counter risks.

Positive Factors

Revenue GrowthStrong recent revenue growth indicates expanding sales activity and continued demand for the company’s offerings. If this momentum persists, it can support operating scale, strengthen market presence, and provide a foundation for improved earnings over the next several quarters.

Negative Factors

Weak Cash ConversionPersistently weak operating cash conversion limits the quality of reported earnings and can increase reliance on working-capital movements or external funding. Even with FY2026 improvement, inconsistent cash generation may constrain reinvestment and reduce resilience 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): 118.11K
Price to Earnings (P/E): 7.8
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

Aggregating solid revenue growth and improved balance sheet strength with inconsistent cash flows; income score 72, balance sheet 82, cash flow 48, reflecting growth potential offset by liquidity risks.

Income Statement

72Positive

Balance Sheet

82Very Positive

Cash Flow

48Neutral

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 Price8.42

Price Trends

50DMA9.61Negative

100DMA10.47Negative

200DMA11.43Negative

Market Momentum

MACD-0.38Positive

RSI29.01Positive

STOCH22.34Neutral

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 8.42 is below the 20-day moving average (MA) of 8.83, below the 50-day MA of 9.61, and below the 200-day MA of 11.43, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 29.01 is Positive, neither overbought nor oversold. The STOCH value of 22.34 is Neutral, 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:RBZJEWEL	73Outperform	INR 6.96B	12.16	―	―	30.27%	54.08%
IN:RADHIKAJWE	62Neutral	INR 6.83B	8.63	―	―	16.75%	26.80%
IN:MOKSH	59Neutral	INR 726.84M	7.80	―	―	34.05%	-7.33%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:LYPSAGEMS	44Neutral	INR 114.99M	7.80	―	―	-2.92%	―
IN:KANANIIND	43Neutral	INR 310.65M	13.52	―	―	-16.83%	181.23%
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.	8.42	-5.83	-40.91%
IN:GOENKA	Goenka Diamond & Jewels Ltd.	0.84	-0.57	-40.43%
IN:KANANIIND	Kanani Industries Limited	1.57	-0.34	-17.80%
IN:LYPSAGEMS	Lypsa Gems & Jewellery Ltd.	3.90	-1.25	-24.27%
IN:RADHIKAJWE	Radhika Jeweltech Ltd	57.84	-29.39	-33.69%
IN:RBZJEWEL	RBZ Jewellers Limited	174.10	26.70	18.11%

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