MarketFriction

Motisons Jewellers Ltd

NSE MOTISONS · BSE 544053 · Gems, Jewellery And Watches
₹17.88 -0.67%
NSE close2026-10-01
52 week range10.62 - 19.78
Market cap₹2,003 Cr.
P/E29.9
Price band 20% Delivery 17.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales90123117891091451198790175137107
Expenses77103997892122100746013912991
Operating Profit13201811172318133135816
OPM %15%16%15%12%16%16%16%15%34%20%6%15%
Other Income-101000000050
Interest552222321121
Depreciation001001000100
Profit before tax7151681521151129341115
Tax %25%26%31%25%32%26%26%26%26%24%27%26%
Net Profit51111610151182126811
EPS in Rs0.080.110.110.060.110.160.110.080.220.260.080.10
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales223219213314366417462490510
Expenses204195182276317353393403419
Operating Profit192431394963698791
OPM %8%11%15%12%13%15%15%18%18%
Other Income000010166
Interest131615161817966
Depreciation133322222
Profit before tax5413203045598589
Tax %28%25%26%26%26%28%27%25%
Net Profit3310152232436467
EPS in Rs0.050.050.150.230.340.330.440.640.66
Dividend Payout %0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%18%10%11%
Compounded Profit Growth%46%42%49%
Stock Price CAGR%%%0%
Return on Equity%14%13%14%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital65656565659898100
Reserves2927365072230315399
Borrowings1431481511591681117239
Other Liabilities1928243231362235
Total Liabilities256268275307337475508573
Fixed Assets151412117765
CWIP11100000
Investments00000000
Other Assets240252262295329468503567
Total Assets256268275307337475508573
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity111764-52-2227
Cash from Investing Activity-0-112-31-2
Cash from Financing Activity-13-13-7-885-5-17
Net Cash Flow-24-1-330-269
Free Cash Flow111656-54-2226
CFO/OP54%66%29%23%-74%-3%50%
Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days211421111
Inventory Days440457506394389450471525
Days Payable29372927211958
Cash Conversion Cycle413431481370369433467518
Working Capital Days149156189144146258321361
ROCE %9%12%14%16%17%15%18%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters66.00%66.00%66.00%66.00%66.00%66.00%66.00%66.00%65.73%64.86%57.12%
FIIs7.47%3.89%0.07%0.57%0.37%0.16%0.11%0.09%0.74%2.03%2.89%
DIIs0.46%0.36%0.36%0.40%0.48%0.49%0.50%0.50%0.50%0.49%0.74%
Public26.08%29.75%33.58%33.03%33.15%33.34%33.36%33.41%33.03%32.62%39.25%
No. of Shareholders62,84772,44667,40182,4601,53,0711,63,0221,67,1881,68,0061,64,8821,63,6691,69,586

Fundamentals

Market Cap₹ 2,003 Cr.
Current Price₹ 17.6
Stock P/E29.9
Book Value₹ 4.98
ROCE17.8 %
ROE14.0 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)49%
Standalone figures.
Valuation
Market capRs 2,033 Cr
Enterprise valueRs 2,111 Cr
P/E (TTM)30.47x
Price to book6.19x
Price to sales3.99x
EV / EBITDA21.86x
EV / EBIT22.29x
EV / sales4.14x
Earnings yield3.28%
P/E, 3-year average4.89x
P/B, 3-year average0.48x
P/E, 5-year average4.89x
P/B, 5-year average0.48x
Profitability
Operating margin (excl. other income)15.20%
Operating margin (incl. other income)15.23%
EBITDA margin18.94%
Pre-tax margin17.48%
Net profit margin13.09%
Net margin, latest quarter10.30%
ROE13.85%
ROCE16.57%
ROA7.94%
ROE, 3-year average15.01%
ROCE, 3-year average15.56%
ROA, 3-year average6.64%
ROE, 5-year average11.70%
ROCE, 5-year average13.38%
ROA, 5-year average4.94%
ROIC (approx.)16.85%
Tax rate27.65%
Other income / net worth0.04%
Growth
Sales growth (latest year)13.80%
Profit growth (latest year)45.18%
Sales CAGR, 3 years25.07%
Sales CAGR, 5 years13.33%
Profit CAGR, 3 years49.38%
Profit CAGR, 5 years55.99%
Sales growth QoQ-21.92%
Profit growth QoQ33.13%
Sales growth YoY (latest quarter)23.30%
Profit growth YoY (latest quarter)37.61%
Per share
EPS (TTM)Rs 0.59
EPS (latest year)Rs 3.27
EPS (latest quarter)Rs 0.10
EPS, 3-year averageRs 2.99
EPS, 5-year averageRs 2.19
Book value per shareRs 2.89
Sales per shareRs 4.48
Cash flow per shareRs -0.46
Free cash flow per shareRs 0.23
Efficiency
Asset turnover0.88x
Fixed asset turnover56.86x
Inventory turnover0.83x
Inventory days442 days
Debtor days1 days
Debtors turnover289.41x
Creditor days8 days
Cash conversion cycle518 days
Working capital days361 days
Leverage
Total debtRs 111 Cr
Cash and bankRs 33 Cr
Net debtRs 79 Cr
Debt to equity0.34x
Net debt / EBITDA0.81x
Interest coverage16.92x
Current ratio (filing 2026-03-31)8.67x
Quick ratio (filing 2026-03-31)0.31x
Trade payables (filing 2026-03-31)Rs 8 Cr
Owners' fund to total sources69.08%
Debt to assets23.42%
Cash flow
Cash from Operating Activity (latest year)Rs -52 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs 85 Cr
Net Cash Flow (latest year)Rs 30 Cr
Free cash flow (latest year)Rs 26 Cr
FCFE (approx.: FCF + change in debt)Rs -31 Cr
Cash from ops / profit, 5 years-0.21x
Statement figures
Net sales (TTM)Rs 510 Cr
Net sales (latest year)Rs 417 Cr
Sales (latest quarter)Rs 107 Cr
Operating profit excl. other income (latest year)Rs 63 Cr
Operating profit (latest quarter)Rs 16 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 97 Cr
PBDT (TTM)Rs 91 Cr
Profit before tax (TTM)Rs 89 Cr
Tax (latest year)Rs 12 Cr
Net profit (TTM)Rs 67 Cr
Net profit (latest year)Rs 32 Cr
Net profit (latest quarter)Rs 11 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 341 Cr
Total expenditure (latest year)Rs 353 Cr
Total income (latest year)Rs 417 Cr
Share capitalRs 98 Cr
ReservesRs 230 Cr
Shareholders' fundsRs 328 Cr
Total assetsRs 475 Cr
Net blockRs 7 Cr
ReceivablesRs 1 Cr
InventoryRs 413 Cr
Other liabilitiesRs 36 Cr
Shares outstanding (crore)113.69
Ownership
Promoter holding57.12% (-8.88 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 30.5 is at the 26th percentile of its own 2.9-year range (median 46.6, low 18.5, high 239.3).
P/B 6.19 is at the 9th percentile (median 16.27).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMOTISONSNifty 50Difference
1 week-4.8%-2.8% -2.1 pts
1 month+12.7%-6.8% +19.5 pts
3 months+26.2%-7.6% +33.8 pts
6 months+65.1%+0.4% +64.7 pts
1 year-4.2%-9.9% +5.7 pts
2 years-42.8%-13.6% -29.3 pts

Red flags

F-score 4 of 7
explainWeak cash conversion Cash from operations was -61% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 18% of total assets in 2026
lookAuditor change Auditor change 2026-09-01: Motisons Jewellers Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹107 Cr +23.0% vs Jun 2025. Net profit ₹11 Cr +37.5%.
Against our estimate for Jun 2026: sales +4.3%, profit -10.8% in line. Our estimate for Sep 2026: sales Rs 107 Cr, profit Rs 13 Cr (how).

Activity

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Ex-dateActionFactor
2024-11-08Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share0.1000
2024-09-20Annual General Meeting
DateTypeWhat it says
2026-09-29Shareholder meetingMotisons Jewellers Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 28, 2026
2026-09-29Shareholder meetingVoting results of Annual General Meeting held on September 28, 2026
2026-09-28General UpdatesGeneral Updates
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-17Board meeting outcomeOutcome of Board Meeting held on September 17, 2026.
2026-09-04UpdatesIntimation for closure of Register of Members and Share Transfer Books of the Company for the purpose of 15th Annual General Meeting.
2026-09-04UpdatesIn compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, the Company has sent a letter providing a web-link including the exact path wh...
2026-09-04Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-09-01Change in ManagementChange in Management
2026-09-01Director changeChange in Director(s) of the company.
2026-09-01Change in AuditorsChange in Auditors of the company.
2026-09-01Board meeting outcomeOutcome of Board Meeting
2026-08-12Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-08-12Monitoring Agency ReportMonitoring Agency Report for the Quarter ended June 30th, 2026.
2026-08-12Board meeting outcomeMotisons Jewellers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-04General UpdatesGeneral Updates
2026-06-12Disclosure under SEBI TakeovMotisons Jewellers Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Su...
2026-06-11Board meeting outcomeDisclosure of the details of allotment in the Issue (as defined hereinafter) by Motisons Jewellers Limited (the Company ) in accordance with the Secu...
2026-06-11Board meeting outcomeOutcome of Meeting of Board of Directors held on June 11, 2026.
2026-06-09Board meeting outcomeOutcome of Board Meeting held on Jun 09, 2026.
2026-06-05Disclosure under SEBI TakeovSanjay Chhabra has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-05-22Board meeting outcomeMotisons Jewellers Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-13Statement of deviation(s) orStatement of deviation(s) or variation(s) under Reg. 32
2026-05-13Monitoring Agency ReportMonitoring Agency Report for the Quarter ended March 31st, 2026
2026-04-27Shareholder meetingVoting results of Postal Ballot
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Motisons Jewellers Ltd?

Motisons Jewellers Ltd (MOTISONS) has a market capitalisation of Rs 2,003 Cr. at the 2026-10-01 close.

What is the P/E ratio of Motisons Jewellers Ltd?

Motisons Jewellers Ltd trades at a P/E of 29.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Motisons Jewellers Ltd's latest quarterly results?

In the Jun 2026 quarter, Motisons Jewellers Ltd sales was Rs 107 Cr (+23.0% vs Jun 2025) and net profit was Rs 11 Cr.

What is the 52-week high and low of Motisons Jewellers Ltd?

The 52-week high is Rs 19.78 and the 52-week low is Rs 10.62.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03