Motisons Jewellers Ltd (MOTISONS.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

+9.9%

₹16.37

vs ₹14.90 price

Levered DCF

-₹2.49

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 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	16.66×	40.57×	39.09×	45.04×	69.07×	105.71×	323.75×	192.57×
P/B	2.13×	4.44×	3.84×	7.42×	8.83×	10.1×	52.23×	7.43×
P/S	2.17×	3.96×	3.02×	2.79×	3.24×	4.79×	4.66×	3.45×
EV / EBITDA	12.47×	27.48×	21.09×	23.9×	30.29×	37.42×	49.55×	47.53×
Gross margin	19.6%	19.6%	16.1%	17.6%	15.6%	18.2%	15.0%	13.5%
Operating margin	17.4%	17.2%	14.9%	12.9%	11.4%	13.4%	9.4%	8.5%
Net margin	13.0%	9.3%	7.7%	6.1%	4.7%	4.5%	1.4%	1.6%
Current ratio	8.67×	5.77×	3.37×	1.84×	1.79×	1.81×	1.63×	1.67×
Debt / equity	0.08×	0.18×	0.34×	1.22×	1.38×	1.49×	7.77×	1.29×
Interest coverage	14.1×	10.28×	3.61×	2.66×	2.25×	1.85×	1.25×	1.51×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.8%	10.4%	9.8%	16.2%	12.8%	9.6%	16.2%	3.4%
Return on invested capital	11.7%	11.7%	10.1%	11.3%	9.5%	8.2%	6.9%	5.8%
Return on assets	11.1%	8.5%	6.8%	6.6%	4.8%	3.5%	1.2%	1.4%
Free cash flow yield	1.9%	-1.3%	-4.3%	0.3%	0.5%	1.6%	1.1%	0.4%
Earnings yield	6.0%	2.4%	2.6%	2.2%	1.4%	0.9%	0.3%	0.5%
Enterprise value	₹10.8B	₹19B	₹13.4B	₹11.9B	₹11.7B	₹11.6B	₹11.7B	₹9B
Net debt / EBITDA	0.27×	0.94×	1.24×	3.33×	3.96×	4.65×	6.33×	6.84×
Cash conversion cycle (days)	498	465	443	367	366	483	428	409