Moksh Ornaments Limited (MOKSH.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-506.9%

-₹34.18

vs ₹8.40 price

Levered DCF

-₹26.20

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	15.41×	13.34×	13.43×	7.81×	13.44×	8.31×	4.61×	4.38×
P/B	1.18×	0.65×	1.47×	0.82×	1.54×	1.17×	0.69×	0.68×
P/S	0.22×	0.12×	0.19×	0.09×	0.21×	0.14×	0.07×	0.05×
EV / EBITDA	11.2×	5.74×	9.44×	6.14×	9.96×	7.06×	4.33×	4.87×
Gross margin	3.2%	5.0%	3.3%	3.9%	4.5%	4.8%	2.6%	2.8%
Operating margin	2.2%	2.4%	2.7%	2.3%	3.8%	2.6%	1.8%	2.4%
Net margin	1.5%	1.5%	1.4%	1.4%	1.6%	1.7%	1.6%	1.3%
Current ratio	3.24×	4.39×	2.23×	3.16×	71.16×	2.35×	1.52×	1.53×
Debt / equity	0.19×	0.29×	0.86×	0.54×	0.09×	0.88×	1.66×	1.62×
Interest coverage	4.34×	2.71×	2.31×	4.66×	13.57×	2.32×	1.69×	3.01×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.8%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	10.4%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.6%	7.6%	10.9%	12.0%	11.4%	14.1%	14.9%	15.7%
Return on invested capital	7.0%	7.2%	8.4%	9.3%	18.5%	8.3%	4.9%	8.2%
Return on assets	5.3%	5.9%	5.8%	7.7%	10.4%	7.2%	5.2%	5.7%
Free cash flow yield	-2.2%	-38.0%	-21.9%	-50.8%	36.9%	-61.5%	10.2%	12.9%
Earnings yield	6.5%	11.7%	7.4%	14.6%	7.4%	12.1%	21.6%	22.9%
Enterprise value	₹1.7B	₹957.3M	₹1.3B	₹665.5M	₹721.1M	₹822.8M	₹470.7M	₹475.6M
Net debt / EBITDA	1.18×	1.41×	3.42×	2.27×	0.4×	3.04×	2.05×	2.72×
Cash conversion cycle (days)	75	86	80	61	52	75	63	53