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Manoj Jewellers Ltd (544400)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544400 NSE: Retailing | Small Cap | Manoj Jewellers Share Price

₹40.20 -1.05 (-2.55%)

As on 04-Jun'26 16:59

Manoj Jewellers Ltd (544400)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544400 NSE: Retailing | Small Cap | Manoj Jewellers Share Price

₹40.20 -1.05 (-2.55%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹36 Cr.
Current Price
₹40.2
52-Week Low / High
₹37 / 60
TTM EPS
₹10
TTM Sales
₹114 Cr.
Book Value per Share
₹34.2
P/E Ratio
4.00
Industry PE
70.6
Price to Book (P/B)
1.18
Price to Sales (P/S)
0.32
EV/EBITDA
3.99
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
39.17%
Outperforms industry median
Return on Capital Employed (ROCE)
28.01%
Outperforms industry median
Return on Assets (ROA)
15.56%
Operating Profit Margin
14%
Net Profit Margin
7.99%
Gross Profit Margin
11%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
37.53%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
46.33%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
46.91%
Asset Quality
Promoter Holding
65.28%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹22 Cr.
Equity
₹9 Cr.
Face Value
₹10
All Time Low / High
₹37.00 / 59.52

Manoj Jewellers stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Manoj Jewellers Ltd a good quality company?
Manoj Jewellers Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Manoj Jewellers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Manoj Jewellers Ltd vs industry peers?
Manoj Jewellers Ltd revenue CAGR is 37.75%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Manoj Jewellers Ltd?
Promoters hold 65.28% of the Manoj Jewellers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Manoj Jewellers Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -1.91% based on the current price.
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10 Year X-Ray : Login to view analysis.

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.
Manoj 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 ⓘ

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ8.4%8.5%10.6%14.6%30.4%28%-
Value Creation
Index ⓘ		-0.4-0.4-0.20.01.21.0-

Growth Parameters ⓘ
Sales ⓘ1276.813.643.459.6114
Sales YoY Gr.--42%-3.2%101.9%218.1%37.5%-
Adj EPS ⓘ0.20.10.815.4810
YoY Gr.--23.5%538.5%25.3%421.2%46.9%-
BVPS (₹) ⓘ4.54.65.51116.424.334.2
Adj Net
Profit ⓘ		0.10.10.40.63.24.89
Cash Flow from Ops. ⓘ-0.8-0.10.64.9-5.9-4.4-
Debt/CF from Ops. ⓘ-13.6-154.321.51.2-2.6-4.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNA37.8%106.7%37.5%
Adj EPS ⓘNA115.8%112.5%46.9%
BVPSⓘNA40.2%64.5%48.3%
Share Price - - - -9.8%

Key Financial Parameters ⓘ

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		3.8316.413.839.639.234.3
Op. Profit
Mgn % ⓘ		11.419.424.514.913.214NAN
Net Profit
Mgn % ⓘ		0.70.95.64.67.587.9
Debt to
Equity ⓘ		5.55.74.80.91.61.3-
Working Cap
Days ⓘ		07327883491421730
Cash Conv.
Cycle ⓘ		06777383291371690

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales12.026.976.7513.6343.3559.62
Operating Expenses ⓘ + 10.655.615.1011.6037.6351.25
Manufacturing Costs0.170.020.080.180.520.56
Material Costs9.404.684.3810.1535.9949.19
Employee Cost 0.390.350.270.330.450.48
Other Costs ⓘ 0.690.560.370.930.671.01
Operating Profit ⓘ 1.371.351.652.045.728.37
Operating Profit Margin (%) 11.4%19.4%24.5%14.9%13.2%14.0%
Other Income ⓘ + 000.010.010.030.02
Exceptional Items ⓘ 000000
Interest ⓘ 11.091.021.061.101.86
Depreciation ⓘ 0.250.190.130.090.060.21
Profit Before Tax ⓘ 0.110.080.510.894.596.32
Tax ⓘ 0.030.020.130.261.351.56
Profit After Tax 0.080.060.380.623.244.76
PAT Margin (%) 0.7%0.9%5.6%4.6%7.5%8.0%
Adjusted EPS (₹)0.20.10.81.05.48.0
Dividend Payout Ratio (%)0%0%0%0%0%0%

Valuation of Manoj Jewellers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2.062.122.506.569.8014.53
Share Capital ⓘ 1.671.671.675.995.995.99
Reserves ⓘ 0.390.450.830.573.818.55
Debt +10.3110.2910.125.2014.4217.65
Long Term Debt8.408.578.224.5713.3812.46
Short Term Debt1.911.711.890.631.035.18
Minority Interest000000
Trade Payables0.650.720.160.420.010.10
Others Liabilities ⓘ 1.212.032.300.701.892.85
Total Liabilities ⓘ 14.2315.1615.0812.8926.1135.13

Fixed Assets

Net Fixed Assets ⓘ +0.620.440.310.220.160.62
Gross Block1.221.231.241.241.241.91
Accumulated Depreciation0.610.790.921.011.081.29
CWIP ⓘ 00000.310
Investments ⓘ 0.0500000
Inventories12.8714.1814.2711.2620.7029.31
Trade Receivables0.1700014.36
Cash Equivalents 0.160.170.191.183.500.22
Others Assets ⓘ 0.350.380.310.230.440.62
Total Assets ⓘ 14.2315.1615.0812.8926.1135.13

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -0.83-0.080.564.86-5.90-4.42
PBT ⓘ 0.110.080.510.894.596.32
Adjustment ⓘ 0.360.320.311.161.162.05
Changes in Working Capital ⓘ -1.23-0.45-0.123.16-10.9-11.38
Tax Paid ⓘ -0.07-0.04-0.14-0.35-0.74-1.42
Cash Flow From Investing Activity ⓘ + -0.120.0500.03-0.39-0.34
Capex -0.12-0-0.010-0.31-0.36
Net Investments 00.050000
Others ⓘ 000.010.03-0.090.02
Cash Flow From Financing Activity ⓘ + 0.900.03-0.54-3.908.611.49
Net Proceeds from Shares ⓘ 0003.5000
Net Proceeds from Borrowing ⓘ 1.010.17-0.35-1.648.81-0.92
Interest Paid ⓘ -0.11-0.14-0.19-1.06-1.10-1.85
Dividend Paid ⓘ 000000
Others ⓘ 000-4.700.904.26
Net Cash Flow ⓘ -0.0500.020.992.32-3.28

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.82.9516.413.7739.6339.17
ROCE (%)8.358.4810.6114.5730.428.01
Asset Turnover Ratio0.840.470.450.972.221.95
PAT to CFO Conversion(x)-10.38-1.331.477.84-1.82-0.93
Working Capital Days
Receivable Days5.200008.4016.40
Inventory Days391708.80768.90341.80134.60153.10
Payable Days25.3053.5036.7010.502.200.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Manoj Jewellers Ltd FAQs

The current trading price of Manoj Jewellers on 04-Jun-2026 16:59 is ₹40.20.

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 03-Jun-2026 the market cap of Manoj Jewellers stood at ₹36.12 Cr

The latest P/E ratio of Manoj Jewellers as of 03-Jun-2026 is 4.00.

The latest P/B ratio of Manoj Jewellers as of 03-Jun-2026 is 1.18.

The 52-week high of Manoj Jewellers is ₹59.52 and the 52-week low is ₹37.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manoj Jewellers is ₹114 ( Cr.) .

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

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

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

About Manoj Jewellers Ltd

Manoj Jewellers Limited was originally incorporated under the name ‘Manoj Jewellers Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated September 21, 2007, issued by the Assistant Registrar of Companies, Chennai, Tamil Nadu, Andaman and Nicobar Islands. Subsequently, the status of the Company was changed to public limited and the name of the Company was changed to ‘Manoj Jewellers Limited’ vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on June 13, 2022. The fresh certificate of incorporation consequent to conversion was issued on July 14, 2022, by Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Centralised Processing Centre.

Manoj Jewellers is engaged in the retail and wholesale business of jewellery and ornaments made from gold and diamonds, embellished with precious and semiprecious stones. The company’s extensive portfolio includes a wide range of items such as rings, earrings, armlets, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, and other wedding jewellery pieces. The company’s diverse collection caters to various tastes and occasions, offering customers a selection of exquisite pieces to choose from. It aims to provide high-quality and beautifully crafted jewellery to meet the needs and preferences of its clientele.

The company's dedication is to maintain high-quality products through strict quality control procedures, timely delivery, and competitive pricing. The company also emphasizes on offering a variety of regular designs and ensuring on-time delivery to its valued customers. Additionally, it goes to extra mile by getting its jewellery hallmarked by a BIS recognized Assaying and Hallmarking Centre. BIS hallmark serves as a mark of conformity widely accepted by consumers, providing them with added confidence in the purity of the company's gold jewellery. Overall, these practices demonstrate the company's commitment to quality, customer satisfaction, and transparency in their operations.

Business area of the company

The company is engaged in the retail business of various jewelleries and ornaments made out of gold and diamonds studded with precious and semiprecious stones.

Products of the company

  • Temple jewellery
  • Gold coin
  • Diamond ring
  • Diamond necklace studded with precious & semi-precious stones
  • Gold bangles
  • Traditional kumar patta
  • Gold hair line for women’s
  • Earrings
  • Gold bracelet studded with diamonds and emerald
  • Women’s gold chain
  • Gold pendant
  • Men’s gold chain

History and milestones

  • September, 2007: Incorporation of the company as private limited company. 
  • September, 2007: Opening of its first showroom at Sowcarpet, Chennai. 
  • July, 2022: Conversion of the company from private limited company to public limited company. 
  • July, 2024: Opening of its second Showroom at Kilpauk, Chennai.

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