Micro-cap gold ornament manufacturing stock is in focus after the company received an order worth ₹120 Crore for the supply of 22-carat gold Ornaments.
Share Price Movement
With a market capitalization of ₹125 Crore, the stock of Moksh Ornaments Limited opened at ₹13.55 same price as yesterday’s close, and after opening, it made an intraday high of ₹15.83 up 16.84 % and later closed with a gain of 9.59%.
Order Update
The company has bagged a new ₹120 Cr worth of order from Lalithaa Jewellery Mart which is one of the largest south-based jewelry chains. For the supply of new gold ornaments of 22 Carats. The order has to be executed in the next three to four months.
Financial Highlights
The company reported a 25.17 % YoY increase in revenue from ₹126.57 Cr in Q2FY24 to ₹158.44 Cr in Q2FY25. On a QoQ basis, the company reported an increase of 15.80 % in revenue from ₹136.82 Cr in the previous quarter.
Their Net profit saw an upside with a 33.33% YoY increase from ₹1.80 Cr to ₹2.40 Cr for the same period. On a QoQ basis, the company reported an increase of 7.62 % in revenue from ₹2.23 Cr in the previous quarter.
Updates From the Management
The company has chalked a clear strategy to innovate its products in line with changing market trends. Currently, they specialize in gold chains and bangles. But are now expanding their product range from 12-15 products to include rose-gold chain bangles and new lighter-carat products to meet the demand from next-generation customers. Going forward, they will focus more on 18-carat products due to the sharp rise in gold prices in the recent past.
The company has already established a strong marketing network in the domestic market and is currently working with major retail chains. It is also now looking to add new customers in the international market and strengthen its footprints in the global market.
About the Company
Moksh Ornaments Limited, established in 2012 and headquartered in Mumbai, is a jewelry company specializing in the design, manufacture, and wholesale distribution of gold jewelry. The company primarily focuses on gold bangles, malas (traditional necklaces), and other lightweight jewelry, blending traditional craftsmanship with contemporary trends. Catering mainly to wholesalers and retailers across India.
Written By Abhishek Das
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