Motisons Jewellers Ltd - Stock Valuation and Financial Performance

BSE: 544053 | NSE: MOTISONS | Diamond & Jewellery | Small Cap

Motisons Jewellers Share Price

28.38 0.57 2.05%
as on 04-Dec'24 15:32

DeciZen - make an informed investing decision on Motisons Jewellers

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Motisons Jewellers stock performance -

mw4me loader
P/E Ratio (SA):
71.49
Market Cap:
2,737.8 Cr.
52-wk low:
8.7
52-wk high:
33.4

Is Motisons Jewellers Ltd an attractive stock to invest in?

1. Is Motisons Jewellers Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Motisons Jewellers Ltd is a average quality company.

2. Is Motisons Jewellers Ltd undervalued or overvalued?

The key valuation ratios of Motisons Jewellers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Motisons Jewellers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Motisons Jewellers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Motisons Jewellers:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Motisons Jewellers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7.5%7.7%8.9%12%14%16.7%16.7%-
Value Creation
Index
-0.5-0.5-0.4-0.1-00.20.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 209223219213314366417438
Sales YoY Gr.-6.9%-1.8%-2.7%47.6%16.5%13.8%-
Adj EPS 00.10.10.20.20.30.30.4
YoY Gr.-25%0%200%53.3%47.8%-2.9%-
BVPS (₹) 1.41.41.41.61.82.13.33.5
Adj Net
Profit
2.93.53.29.714.722.232.438
Cash Flow from Ops. 0.24.611.417.16.13.8-52.6-
Debt/CF from Ops. 749.329.2128.425.143.1-2.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA13.3%25.1%13.8%
Adj EPS NA45.9%30.1%-2.9%
BVPSNA18.3%29%57.8%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
2.93.43.210.113.617.513.911.4
Op. Profit
Mgn %
8.58.510.814.612.313.415.215
Net Profit
Mgn %
1.41.61.44.54.76.17.88.8
Debt to
Equity
1.21.31.51.41.31.20.30
Working Cap
Days
0378402429315306333185
Cash Conv.
Cycle
0336356376286283308134

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.07%

Net Profit is growing at healthy rate in last 3 years 30.06%

Debt to equity has declined versus last 3 years average to 0.34

Sales growth is good in last 4 quarters at 15.21%

Return on Equity has declined versus last 3 years average to 11.40%

Latest Financials - Motisons Jewellers Ltd.

Standalone Consolidated
TTM EPS (₹) 0.4 -
TTM Sales (₹ Cr.) 438 -
BVPS (₹.) 3.5 -
Reserves (₹ Cr.) 246 -
P/BV 7.94 -
PE 71.49 -
From the Market
52 Week Low / High (₹) 8.71 / 33.40
All Time Low / High (₹) 8.71 / 33.40
Market Cap (₹ Cr.) 2,738
Equity (₹ Cr.) 98.5
Face Value (₹) 1
Industry PE 87.2

Management X-Ray of Motisons Jewellers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Motisons Jewellers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales208223219213314366417
Operating Expenses 191204195182276317353
Manufacturing Costs3322445
Material Costs180191186173263300334
Employee Cost 5665689
Other Costs 3522366
Operating Profit 18192431394963
Operating Profit Margin (%) 8.5%8.5%10.8%14.6%12.3%13.4%15.2%
Other Income 0000010
Interest 12131615161817
Depreciation 1133322
Exceptional Items 0000000
Profit Before Tax 55413203045
Tax 21135812
Profit After Tax 33310152232
PAT Margin (%) 1.4%1.6%1.4%4.5%4.7%6.1%7.7%
Adjusted EPS (₹)0.10.10.10.10.20.30.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 10010492101115137328
Share Capital 75756565656598
Reserves 252927365072230
Minority Interest0000000
Debt124132137140148161108
Long Term Debt11091916131
Short Term Debt123123127121132148108
Trade Payables23151914191817
Others Liabilities 462020222021
Total Liabilities 250257267275306336474

Fixed Assets

Gross Block18192222252122
Accumulated Depreciation45811131315
Net Fixed Assets141514121177
CWIP 1111000
Investments 0000000
Inventories225230232240284320413
Trade Receivables1162211
Cash Equivalents 54265333
Others Assets4612133420
Total Assets 250257267275306336474

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 05111764-53
PBT 55413203045
Adjustment 13141918192018
Changes in Working Capital -15-13-11-11-27-38-103
Tax Paid -3-1-1-3-5-8-12
Cash Flow From Investing Activity -1-20-112-3
Capex -1-20-1-12-2
Net Investments 0000000
Others 000010-1
Cash Flow From Financing Activity 2-4-13-13-7-885
Net Proceeds from Shares 000000159
Net Proceeds from Borrowing -19010-3-3-12
Interest Paid -12-13-16-15-16-18-17
Dividend Paid 0000000
Others 1504-71213-44
Net Cash Flow 1-1-24-1-330
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)3.293.83.4210.0513.6317.5613.85
ROCE (%)7.527.738.8912.0313.9916.6816.65
Asset Turnover Ratio0.840.890.840.791.091.141.03
PAT to CFO Conversion(x)01.673.671.70.40.18-1.66
Working Capital Days
Receivable Days1267221
Inventory Days390368381401302301321
Payable Days47373435232319

Motisons Jewellers Ltd Stock News

Motisons Jewellers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Motisons Jewellers on 04-Dec-2024 15:32 is ₹28.38.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2024 15:32 the market cap of Motisons Jewellers stood at ₹2,737.8.
The latest P/E ratio of Motisons Jewellers as of 04-Dec-2024 15:32 is 71.49.
The latest P/B ratio of Motisons Jewellers as of 04-Dec-2024 15:32 is 7.94.
The 52-week high of Motisons Jewellers is ₹33.40 and the 52-week low is ₹8.71.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Motisons Jewellers is ₹437.9 ( Cr.) .

About Motisons Jewellers Ltd

Motisons Jewellers was originally formed as partnership firm under the name and style of M/s MOTISONS JEWELLERS, pursuant to a deed of partnership dated October 16, 1997 as amended and restated from time to time. M/s Motisons Jewellers was thereafter converted into a public limited company in the name and style of Motisons Jewellers Limited on May 09, 2011 pursuant to the provisions of Companies Act, 1956 and was granted a certificate of incorporation dated May 09, 2011 issued by the Registrar of Companies, Jaipur, Rajasthan. 

It is a Jewellery retail player with a history of more than 2 decades in the jewellery industry having experienced entrepreneurs. Its jewellery business includes the sale of jewellery made of gold, diamond, kundan and sale of other jewellery products that include pearl, silver, platinum, precious, semi-precious stones and other metals. Its other offerings include gold and silver coins, utensils and other artifacts. It commenced its business through a partnership firm 'M/s Motisons Jewellers' in 1997 which was subsequently converted into public limited company in 2011 and currently have presence across multiple prominent locations in Jaipur, Rajasthan.

It primarily source finished jewellery from third party suppliers located across India. This includes all types of jewellery made of gold, diamond and other precious and semi-precious stones. Additionally, to cater to the increasing demand in the market, it also engage artisans on job work basis and have its own manufacturing facilities located in Jaipur, Rajasthan for diamond and gem stone studded jewellery. It outsources the work of making ornaments to various artisans with whom it have developed relationships. It offers a large variety of handcrafted jewellery, which are designed and manufactured by its in-house designers in close collaboration along with skilled local craftsman located across the country. To ensure optimum prices and mitigate the risk of suppliers' concentration, it procures raw materials from various suppliers across the country. This procurement process enables it to offer a wide range of products.

Its product profile includes traditional, contemporary and combination designs across jewellery lines, for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points. Its offerings include gold jewellery, diamond jewellery and other silverware from handmade Indian ethnic to the cutting-edge styles of the urban world. Its gold, diamond and other jewellery inventory in each showroom reflects customer preferences and designs. Its focus on design and innovation, its ability to recognize consumer preferences and market trends, the intricacy of its designs and the quality of its products are its key strengths.

Business area of the company

The company primarily sources finished jewellery from third party suppliers located across India. This includes all types of jewellery made of gold, diamond and other precious and semi-precious stones

Products of the company 

  • Gold jewellery
  • Diamond jewellery
  • Kundan polki jewellery
  • Silver jewellery
  • Other artifacts

Awards, accreditations or recognition

  • 2016: Certificate of Honour for ‘Store of the Year Chain Store-Less than 10 Stores’ at the Retail Jewellers Guild Awards by UBM.
  • 2016: Certificate of Honour for ‘First Prize in Student Category’ at the 9th Jewellery Design Awards Tradition Meets the Contemporary powered by Gemological Institute of America (GIA).
  • 2017: Certificate of Honour for the category of ‘Most Innovative Marketing Campaign Radio’ at the Retail Jewellers Guild Awards by UBM.
  • 2018: Certificate of Honour in the category of Store of the Year - Standalone Store More than 5000 sq. ft. at the Retail Jewellers Guild Awards by UBM.
  • 2018: Award for ‘Best Necklace Design under Rs 10 lakh’ powered by Gemological Institute of America (“GIA”).
  • 2018: Award for India’s Coolest Store in North Region - Large Format at India’s Coolest Store Awards organized by Indian Jeweller Magazine.
  • 2018:  Certificate of Honour for India’s Most Preferred Jewellers powered by UBM.
  • 2018: Award for Third Prize in Open to All Category at the 11th Jewellery Design Awards Gemstone powered by Jewellers Association Show (“JAS”).
  • 2019: Award for Retailer of the Year by The Jewellery World Awards (JWA) (formerly known as JNA) ‘Trusted Brand Award’ by Consumers World Certificate of Honour for the “Best Decoration of Shop/Showroom” at the Deepawali Mahotsav, 2019 from the Rajasthan Government
  • 2020: Award for ‘Best Polki Bangle/Bracelit of the Year’ from Jewellery Eminence Awards (JEA)
  • 2020: Award for ‘Best Diamond Necklace of the Year (Below Rs 8 lakh)’ from Jewellery Eminence Awards (JEA).

History and milestones

  • 2011: Incorporation of the Company as a public limited company.
  • 2011: Certificate for commencement of Business of the Company.
  • 2011: Established its flagship showroom at Tonk Road Jaipur, Rajasthan
  • 2014: Established its Johri Bazar Silver Showroom at 276, Johri Bazar, Jaipur, Rajasthan.
  • 2017: Commencement of operations at its production unit at D-100, Siwar Area, Bapu Nagar, Jaipur, Rajasthan.
  • 2019: Collaborated with ASAL by Abu Sandeep for exhibitions at Unit No. KG03, National Indian Building No. 1, Dr V.B. Gandhi Marg, Kalaghoda Fort, Mumbai.
  • 2020: Collaborated with Asal by Abu Sandeep for exhibition at Banjara Hills, Hyderabad.
  • 2021: Opened another showroom at F-33, Gautam Marg, Sector 6, Vaishali Nagar, Jaipur, Rajasthan.

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