Motisons Jewellers share price today

Motisons Jewellers Ltd's share price was ₹14.95 at the close on 4 November 2026. It has been rising for 8 weeks. That is 3.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹11 and ₹18, and at that close it sat 54% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Motisons Jewellers Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running.

Over the last 2.8 years the share price moved +52% while the NIFTY 500 moved +13%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

For April to June 2026 (the quarter ended 30 June 2026), Motisons Jewellers reported revenue of ₹107 crore, up 23.0% from ₹87.0 crore a year earlier, and a profit of ₹11.0 crore, up 37.5% from ₹8.00 crore.

Motisons Jewellers results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Motisons Jewellers closed at ₹14.95 on 4 November 2026, down 8.7% from ₹16.37 a year earlier (7 November 2025). Its highest weekly close since December 2023 was ₹32.25 on 8 November 2024.

Motisons Jewellers share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

157 weekly closes from 29 December 2023 to 4 November 2026.

4 Nov 2026: Motisons Jewellers closed at ₹14.95, up 3.0% on the week and down 16.4% on the month. Our read, 10 Oct 2026: Motisons has rising reported earnings and lower borrowing costs, but inventory absorbs cash and new equity dilutes the earnings available to each share.

Earlier

• Results for April to June 2026: Revenue up 23.0% and profit up 37.5% on a year earlier.
• 8 Nov 2024: Share split: face value cut from ₹10 to ₹1 a share (ex-date).

Our read of the business

April to June 2026: Sales growth and lower interest support profit; margin matches the comparable quarter.

Our read after the April to June 2026 results, written 10 October 2026.

Motisons Jewellers has paid no dividend on the NSE since its first NSE close in our records (29 December 2023), the start of the period we checked.

No. Motisons Jewellers Ltd paid out 0% of its profit as dividends in each of its last 8 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

Motisons Jewellers' management made 0 promises we could check against what it later reported.

Our read after the April to June 2026 results, written 10 October 2026.

The changes showing up in Motisons Jewellers' own numbers are debt falling. It is too early to say whether they last.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026.

Finance costs rise as additional inventory requires borrowing.

Each change stops working if

• Lower borrowing costs: Finance costs rise as additional inventory requires borrowing.
• Latest-quarter operating recovery: Subsequent sales growth fails to preserve operating profit.

The main risks

• Inventory absorbs cash: The inventory model explains the cash gap but does not remove the capital-efficiency risk. ⚠ estimate
• Per-share dilution: Aggregate profit growth can overstate the gain available to each share. ⚠ estimate
• Non-operating profit contribution: The March quarter's reported profit cushions an operating setback with other income. ⚠ estimate
• Unverified operating runway: Historical expansion intentions lack dated delivery evidence. ⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026.

When Motisons Jewellers reports July to September 2026, these are the check that show whether the story is still on course. First: September interest expense stays at or below ₹1 crore and reported borrowings stay at or below March 2026's ₹39 crore.

Motisons Jewellers is on 3 of our India lists: Multibagger study list, Penny stocks and Gold & silver stocks.

Motisons Jewellers Ltd earned ₹11.0 Cr of net profit in the Jun 2026 quarter, +37.5% on the same quarter a year earlier. Full-year FY26 profit was ₹64.0 Cr. Over 7 years profit has grown 54.8% a year on average. That is 10.3% of the quarter's revenue. The same quarter a year earlier earned ₹8.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹64.0 Cr (+48.8% on the year before).

Why profit moved: revenue changed +23.0% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +48.4% and revenue +10.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Motisons Jewellers Ltd reported ₹107 Cr of revenue in the Jun 2026 quarter, +23.0% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 7 years it has grown 11.9% a year on average. The last full year, FY26, came in at ₹490 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹509 Cr.

FY26 revenue was ₹490 Cr, +6.1% on the year before.

Recent pace: the last four quarters grew +10.3% on average, against 11.9% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +10.7%, against +10.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +50.0%, against +41.4% a year (accelerating).

Motisons Jewellers Ltd's operating margin was 15.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 8 years it has been between 8.0% and 18.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Sales and operating profit increased against the year-earlier quarter, while the operating margin remained unchanged. This is a volume-and-financing-cost improvement rather than evidence of a new margin regime. Competitor responses and gold-price effects remain unquantified.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.6 percentage points on the year while gross margin changed +0.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years Motisons Jewellers Ltd's operations used more cash than they brought in, so cash conversion was −34%, a gap worth watching. In FY26 it brought in ₹27.0 Cr of operating cash against ₹64.0 Cr of profit. After ₹1.0 Cr of spending on assets, ₹26.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −34% of profit came in as cash: the cash cycle got 37 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 37 days longer. The next section looks at where the cash is stuck.

Motisons Jewellers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 518 days in FY26, up from 481 days in FY21. It spent ₹4.0 Cr on assets over the last 3 years. Customers take 1 days to pay, and stock sits for 525 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹490 Cr, each day of that cycle ties up about ₹1.3 Cr, so roughly ₹695 Cr is tied up in the business at any time.

FY26: customers took 1 days to pay and stock sat for 525 days, about 17.3 months of sales sitting as stock, for a full cycle of 518 days, longer than FY21's 481.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 525 days. Customers pay about 1 days after that. Suppliers are paid at 8 days. Together that makes the 518-day cycle.

Spending on assets: ₹4.0 Cr over the last 3 years, against ₹6.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Motisons Jewellers Ltd's P/E is 25.5×, near the low end of its own history: it has been lower only 24% of the time. Its usual P/E (the middle reading) is 41.1×, over 2.8 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹0.66.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +45.5% while the price moved −8.7%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Worked out from its price on 11 October 2026, Motisons Jewellers Ltd's share price assumed profit growth of about 18.9% a year. Over the past 7 years its profit actually grew 54.8% a year. Today its P/E is 25.5×, lower than 76% of its own last 2.8 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Motisons Jewellers Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 20.2%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Motisons Jewellers Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: MID EXPANSION. Still open: The thesis would break if the next audited annual results showed rising inventory days and operating cash flow falling back below zero despite deployment of the new working-capital equity.

NOT YET CHECKED

Our read, 10 October 2026. Motisons has rising reported earnings and lower borrowing costs, but inventory absorbs cash and new equity dilutes the earnings available to each share.

From the numbers. The operating engine places the business in mid-expansion despite returns being near the upper end of the available annual range. A null authoritative segment input is resolved using the current weekly snapshot. The…

From the price. Price stage 2, week 8, below its 200-day line, relative strength falling.

From the research. Motisons has rising reported earnings and lower borrowing costs, but inventory absorbs cash and new equity dilutes the earnings available to each share.

Where they disagree. The operating engine places the business in mid-expansion despite returns being near the upper end of the available annual range. A null authoritative segment input is resolved using the current weekly snapshot.

What is proven. Motisons has rising reported earnings and lower borrowing costs, but inventory absorbs cash and new equity dilutes the earnings available to each share.

What is not proven yet. The thesis would break if the next audited annual results showed rising inventory days and operating cash flow falling back below zero despite deployment of the new working-capital equity.

What would change our mind. The thesis would break if the next audited annual results showed rising inventory days and operating cash flow falling back below zero despite deployment of the new working-capital equity.

The test written in advance. The thesis would break if the next audited annual results showed rising inventory days and operating cash flow falling back below zero despite deployment of the new working-capital equity. Measured by: the thesis as written as stated by the next result.

The test written in advance. Inventory absorbs cash. Measured by: Inventory absorbs cash Inventory days rise beyond the latest annual level while operating cash flow becomes negative. by the next result.

The test written in advance. Per-share dilution. Measured by: Per-share dilution Aggregate profit grows while earnings per share remains below its comparable level. by the next result.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

What the surface reading misses. The surface reading is: Higher net profit suggests an improving earnings trajectory. The research reads it further: Sales and operating profit increased while OPM remained unchanged; lower interest also contributed. This is not a newly demonstrated margin expansion.

What the surface reading misses. The surface reading is: Revenue growth could imply an improving business. The research reads it further: The operating-margin decline overwhelmed sales growth. Lower interest and non-operating income cushioned rather than caused the operating result.

Sources: our stock research file (10 October 2026) · quarterly results through Jun 2026. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

Working-capital use is documented, but showroom intentions lack a dated delivery test [guidance pairs.G4]. The full downturn record is thin; inventory efficiency remains unresolved, so the grade is mixed rather than a verdict against integrity.

Checked 14 October 2026.

Motisons Jewellers Ltd earned a ROCE of 18% in FY26. That is up from a low of 9% in FY20. Its return on capital used (ROIC) is 0.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 13.1% net margin and 0.86× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 13.1% net margin × 0.86× asset turnover × 1.15× leverage (assets divided by equity) ≈ 13.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 12.6% − 12.0% = +0.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

Motisons Jewellers Ltd has total debt of ₹39.0 Cr against shareholder equity of ₹499 Cr as of Jun 2026, so its debt is 0.08× its equity, which is very little. Year by year, that ratio went from 1.26 in FY23 to 0.09 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Why this happened. Borrowings and annual interest expense have declined together. This benefit is already partly delivered and should not be counted again as a separate expansion catalyst. Further benefit requires additional borrowing-cost reductions; the evidence does not establish a large remaining contribution.

Promoters cut their stake in Motisons Jewellers Ltd by 8.9 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 57.1% of the company. Foreign institutions moved +1.6 points over the same period, to 2.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −8.9 points over 8 quarters, to 57.1%; Foreign institutions: +1.6 points over 8 quarters, to 2.1%; Domestic institutions: +0.2 points over 8 quarters, to 0.6%.

Why the owners changed: promoters drove it (−8.9 points), with the other side taken by foreign institutions (+1.6 points). They reduced their stake.

For Motisons Jewellers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

48.0 out of 100, rank 15 of 28 in Diamond, Gems & Jewellery, with 96% of the evidence available.

Motisons Jewellers Ltd scores 48.0 out of 100 against the 28 companies it is compared with in Diamond, Gems & Jewellery, ranking 15. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 16.4 + 14.3 + 9.7 + 7.6 = 48. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Motisons Jewellers ranks 15 of 28 Diamond, Gems & Jewellery companies on the 4-Factor Sector Score, with 48.0 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Diamond, Gems & Jewellery, all 28 compared on one page.

Motisons Jewellers is the 18th largest of 27 Diamond, Gems & Jewellery companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Shanti Gold International, PNGS Reva Diamond Jewellery and Khazanchi Jewellers. Just below it: Advit Jewels, Asian Star Company and SJ Corporation.

Diamond, Gems & Jewellery companies close in size

15. Shanti Gold International Ltd ₹2,266 crore
16. PNGS Reva Diamond Jewellery Limited ₹1,975 crore
17. Khazanchi Jewellers Ltd ₹1,786 crore
18. Motisons Jewellers Ltd ₹1,651 crore
19. Advit Jewels Ltd ₹1,596 crore
20. Asian Star Company Ltd ₹1,042 crore
21. SJ Corporation Ltd ₹845 crore

All 27 Diamond, Gems & Jewellery companies, largest first

Companies close in size in other industries

1323. Omaxe Ltd ₹1,656 crore · Realty - Construction & Contracting
1324. Venus Remedies Ltd ₹1,656 crore · Pharmaceuticals - I V Fluids
1325. Motisons Jewellers Ltd ₹1,651 crore
1326. Team Lease Services Ltd ₹1,651 crore · Services - Others
1327. Brightcom Group Ltd ₹1,649 crore · IT Enabled Services/Business Process Outsourcing

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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