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Motisons Jewellers Ltd
(MOTISONS)
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Rating:72Outperform
Price Target:
₹20.00
▲(17.10% Upside)
Action:Reiterated
Date:09/18/26
The score is driven primarily by strong fundamentals—accelerating profitability and a significantly strengthened balance sheet—tempered by historically volatile cash flows. Technicals add support via a clear uptrend and positive momentum signals, while valuation is a modest headwind due to a higher P/E and no stated dividend yield.
Positive Factors
Steady Revenue Scaling
Sustained revenue expansion indicates growing consumer demand and broader commercial traction across the jewellery retail business. Continued top-line scaling can support operating leverage, strengthen brand presence, and provide a durable base for future earnings growth.
Negative Factors
Uneven Cash Conversion
Inconsistent cash generation means reported earnings have not reliably converted into cash, potentially reflecting working-capital swings. Although 2026 recovered, this volatility can constrain internally funded expansion and make liquidity planning less predictable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Scaling
Sustained revenue expansion indicates growing consumer demand and broader commercial traction across the jewellery retail business. Continued top-line scaling can support operating leverage, strengthen brand presence, and provide a durable base for future earnings growth.
Read all positive factors
Motisons Jewellers Ltd (MOTISONS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹20.17B
Dividend YieldN/A
Average Volume (3M)1.82M
Price to Earnings (P/E)26.2
Beta (1Y)1.81
Revenue Growth10.72%
EPS Growth47.65%
CountryIN
Employees179
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.67
Shares Outstanding1,137,506,600
10 Day Avg. Volume1,682,126
30 Day Avg. Volume1,821,068
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)2.13
Price to Sales (P/S)2.17
P/FCF Ratio52.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.10B | 4.90B | 4.63B | 4.17B | 3.66B | 3.14B |
| Gross Profit | 1.04B | 957.78M | 905.52M | 671.93M | 645.30M | 488.97M |
| EBITDA | 911.01M | 869.89M | 691.54M | 634.65M | 496.02M | 387.48M |
| Net Income | 667.25M | 637.08M | 431.71M | 322.31M | 221.96M | 147.47M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.73B | 5.08B | 4.75B | 3.37B | 3.07B |
| Cash, Cash Equivalents and Short-Term Investments | 157.28M | 157.28M | 71.27M | 327.23M | 26.89M | 54.94M |
| Total Debt | 0.00 | 389.05M | 723.94M | 1.11B | 1.68B | 1.59B |
| Total Liabilities | -4.99B | 735.76M | 946.46M | 1.47B | 1.99B | 1.91B |
| Stockholders Equity | 4.99B | 4.99B | 4.14B | 3.28B | 1.37B | 1.15B |
Cash Flow | ||||||
| Free Cash Flow | 282.10M | 202.92M | -230.07M | -542.54M | 30.85M | 53.18M |
| Operating Cash Flow | 286.80M | 221.44M | -226.12M | -525.73M | 38.45M | 61.11M |
| Investing Cash Flow | -4.33M | -18.46M | 5.97M | -28.13M | 17.59M | 6.95M |
| Financing Cash Flow | -200.64M | -116.19M | -36.11M | 853.56M | -84.08M | -73.98M |
Motisons Jewellers Ltd Technical Analysis
Positive
17.08
Price Trends
16.31
Positive
14.84
Positive
14.29
Positive
Market Momentum
0.43
Positive
53.65
Neutral
13.81
Positive
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 below the 20-day moving average (MA) of 17.53, above the 50-day MA of 16.31, and above the 200-day MA of 14.29, indicating a bullish trend. The MACD of 0.43 indicates Positive momentum. The RSI at 53.65 is Neutral, neither overbought nor oversold. The STOCH value of 13.81 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹20.17B | 26.22 | ― | ― | 10.72% | 47.65% | |
66 Neutral | ₹8.07B | 13.67 | ― | ― | 30.27% | 54.08% | |
64 Neutral | ₹128.10B | 14.04 | ― | 0.64% | 36.47% | -8.71% | |
63 Neutral | ₹8.17B | 10.11 | ― | 0.16% | 16.75% | 26.80% | |
61 Neutral | ₹52.70B | 9.67 | ― | 0.52% | 41.91% | 165.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹39.70B | 17.69 | ― | 0.44% | 29.14% | 189.45% |
* General Sector Average
IN:MOTISONS
Motisons Jewellers Ltd
17.58
-0.27
-1.51%
IN:PCJEWELLER
PC Jeweller Ltd.
13.91
1.01
7.83%
IN:RADHIKAJWE
Radhika Jeweltech Ltd
67.56
-21.85
-24.44%
IN:RBZJEWEL
RBZ Jewellers Limited
195.80
50.20
34.48%
IN:SENCO
Senco Gold Limited
337.05
12.78
3.94%
IN:TBZ
Tribhovandas Bhimji Zaveri Limited
567.80
384.06
209.03%
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.