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Motisons Jewellers Ltd (IN:MOTISONS)
:MOTISONS
India Market
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Motisons Jewellers Ltd (MOTISONS) AI Stock Analysis

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IN:MOTISONS

Motisons Jewellers Ltd

(MOTISONS)

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Outperform 71 (OpenAI - Gpt-5.6Sol)
Rating:71Outperform
Price Target:
₹18.00
▲(5.39% Upside)
Action:Upgraded
Date:06/17/26
The score is primarily supported by strong financial performance (revenue and profitability expansion and a much stronger balance sheet), but it is held back by historically volatile cash flows. Technicals are constructive but look overbought, and valuation appears moderate-to-premium with no dividend yield support.
Positive Factors
Steady Revenue Growth
Sustained revenue expansion indicates growing demand and improving retail reach across the company’s jewellery offering. Continued top-line growth can support operating leverage, strengthen brand presence, and provide a durable foundation for earnings growth over the next several quarters.
Negative Factors
Uneven Cash Conversion
Cash generation has not consistently tracked reported earnings, with two years of negative operating and free cash flow before the latest rebound. This creates durability risk because working-capital swings could continue to limit internally generated funds for expansion or other capital needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained revenue expansion indicates growing demand and improving retail reach across the company’s jewellery offering. Continued top-line growth can support operating leverage, strengthen brand presence, and provide a durable foundation for earnings growth over the next several quarters.
Read all positive factors

Motisons Jewellers Ltd (MOTISONS) vs. iShares MSCI India ETF (INDA)

Motisons Jewellers Ltd Business Overview & Revenue Model

Company Description
Motisons Jewellers Ltd. is an Indian company engaged in both the crafting and retailing of a diverse selection of ornaments. Their extensive range encompasses items such as bangles, necklaces, earrings, pendants, bracelets, rings, nose pins, chain...
How the Company Makes Money
Motisons Jewellers Ltd primarily makes money by selling jewellery and related products to consumers through its retail channels. Revenue is generated from (1) sale of precious jewellery (commonly including gold and diamond jewellery and other jewe...

Motisons Jewellers Ltd Financial Statement Overview

Summary
Strong fundamentals driven by steady multi-year revenue growth and meaningful margin expansion, plus a sharply improved balance sheet with much lower leverage by 2026. The main offset is inconsistent cash conversion, with negative operating/free cash flow in 2024–2025 and only a rebound to positive in 2026, raising durability concerns.
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
55
Neutral
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue5.10B4.90B4.63B4.17B3.66B3.14B
Gross Profit1.04B957.78M905.52M671.93M645.30M488.97M
EBITDA911.19M869.89M691.54M634.65M496.02M387.48M
Net Income667.25M637.08M431.71M322.31M221.96M147.47M
Balance Sheet
Total Assets0.005.73B5.08B4.75B3.37B3.07B
Cash, Cash Equivalents and Short-Term Investments157.28M157.28M71.27M327.23M26.89M54.94M
Total Debt0.00389.05M723.94M1.11B1.68B1.59B
Total Liabilities-4.99B735.76M946.46M1.47B1.99B1.91B
Stockholders Equity4.99B4.99B4.14B3.28B1.37B1.15B
Cash Flow
Free Cash Flow282.10M202.92M-230.07M-542.54M30.85M53.18M
Operating Cash Flow286.80M221.44M-226.12M-525.73M38.45M61.11M
Investing Cash Flow-4.33M-18.46M5.97M-28.13M17.59M6.95M
Financing Cash Flow-200.64M-116.19M-36.11M853.56M-84.08M-73.98M

Motisons Jewellers Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price17.08
Price Trends
50DMA
14.94
Positive
100DMA
13.98
Positive
200DMA
14.18
Positive
Market Momentum
MACD
0.42
Positive
RSI
61.89
Neutral
STOCH
44.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MOTISONS, the sentiment is Positive. The current price of 17.08 is above the 20-day moving average (MA) of 16.05, above the 50-day MA of 14.94, and above the 200-day MA of 14.18, indicating a bullish trend. The MACD of 0.42 indicates Positive momentum. The RSI at 61.89 is Neutral, neither overbought nor oversold. The STOCH value of 44.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MOTISONS.

Motisons Jewellers Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
₹19.14B24.0710.72%47.65%
66
Neutral
₹7.63B12.7730.27%54.08%
64
Neutral
₹135.36B13.660.64%36.47%-8.71%
63
Neutral
₹11.10B13.050.16%16.75%26.83%
61
Neutral
₹59.78B10.380.27%41.91%165.71%
57
Neutral
₹34.68B17.340.46%29.14%189.45%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:MOTISONS
Motisons Jewellers Ltd
16.18
-2.81
-14.80%
IN:PCJEWELLER
PC Jeweller Ltd.
13.53
0.18
1.35%
IN:RADHIKAJWE
Radhika Jeweltech Ltd
88.14
-5.25
-5.62%
IN:RBZJEWEL
RBZ Jewellers Limited
182.90
46.10
33.70%
IN:SENCO
Senco Gold Limited
361.75
-23.51
-6.10%
IN:TBZ
Tribhovandas Bhimji Zaveri Limited
545.70
358.19
191.02%

Motisons Jewellers Ltd Corporate Events

Motisons Jewellers Publishes AGM and E-Voting Notice for Shareholders
Sep 5, 2026
Motisons Jewellers Ltd has notified the stock exchanges that it has published newspaper advertisements in the Financial Express and Business Remedies regarding the notice convening its 15th Annual General Meeting and the related e-voting informati...
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: Jun 17, 2026