# Motisons Jewellers share price today (Motisons Jewellers Ltd, NSE: MOTISONS)

> Motisons Jewellers share price today: ₹14.48 at the NSE close on 3 November 2026, down 14.1% in a year. Motisons Jewellers (NSE: MOTISONS) is worth ₹1,649 crore, trades at a P/E of 24.7 and has closed between ₹11.06 and ₹18.30 over the past 52 weeks. > Motisons Jewellers Ltd's results are improving, while its P/E is near the low end of its own history over 2.8 years, higher than only 19% of past readings. MOTISONS · Diamond, Gems & Jewellery · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/motisons-jewellers-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹14.48 (−14.1% in a year)
- P/E: 24.7× (lower than 81% of the last 2.8 years)
- Revenue (Jun 2026): ₹107 Cr (+23.0% on a year ago)
- Profit (Jun 2026): ₹11.0 Cr (+37.5% on a year ago)
- Operating margin: 15.0% (flat on a year ago)
- ROCE: 18%, FY26
- ROIC: 12.6%, against a 12.0% cost of capital: +0.6 points

The main question: profits are rising, but only −34% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Motisons Jewellers share price today? Motisons Jewellers Ltd's share price was ₹14.48 at the close on 3 November 2026. It has been rising for 8 weeks. That is 6.7% 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 47% of the way up from that low. 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 +47% 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. ## What changed at Motisons Jewellers this quarter? ## What are Motisons Jewellers' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹107 crore | ₹87.0 crore | +23.0% |
| Profit | ₹11.0 crore | ₹8.00 crore | +37.5% |
| Earnings per share | ₹0.10 | ₹0.08 | +25.0% |
| Operating margin | 15.0% | 15.0% | 0.0 points |

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.)

## What is the Motisons Jewellers share price history? Motisons Jewellers closed at ₹14.48 on 3 November 2026, down 14.1% from ₹16.86 a year earlier (31 October 2025). Its highest weekly close since December 2023 was ₹32.25 on 8 November 2024. ### Motisons Jewellers share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹14.99 | −3.4% |
| 1 month ago · 1 Oct 2026 | ₹17.88 | −19.0% |
| 6 months ago · 30 Apr 2026 | ₹13.48 | +7.4% |
| 1 year ago · 31 Oct 2025 | ₹16.86 | −14.1% |
| Earliest and lowest weekly close in our records · 29 Dec 2023 | ₹9.82 | +47.5% |
| Highest weekly close since December 2023 · 8 Nov 2024 | ₹32.25 | −55.1% |
| 52-week high (weekly close) · 18 Sep 2026 | ₹18.30 | −20.9% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹11.06 | +30.9% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (157 weekly closes from 29 December 2023 to 3 November 2026.)

## What is the latest news on Motisons Jewellers? 3 Nov 2026: Motisons Jewellers closed at ₹14.48, down 3.4% on the week and down 19.0% 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.)

## What dividend does Motisons Jewellers pay? 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 4 November 2026.)

## What did Motisons Jewellers management say on the latest results call? 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.)

## What is the future of Motisons Jewellers? What is changing in the business? The changes showing up in Motisons Jewellers' own numbers are debt falling. It is too early to say whether they last. Debt falling too early to call

Borrowings fell from ₹72 crore in March 2025 to ₹55 crore in September 2025 and ₹39 crore in March 2026. Interest expense was lower than a year earlier in each goal quarter, providing an actual financial benefit, although the company also acknowledges increased share capital. Why it may last: Interest savings can continue while debt stays low, but inventory days of 525 and incomplete cash conversion leave future funding needs unresolved. What could be flattering it: Shareholder funding or existing cash may have financed debt repayment, while growing inventory creates another need for funding. Next check: September interest expense stays at or below ₹1 crore and reported borrowings stay at or below March 2026's ₹39 crore. Quarter by quarter, 4 quarters

July to September 2025

Borrowings fell from ₹72 crore in March to ₹55 crore in September. Quarterly interest expense fell from ₹2 crore a year earlier to ₹1 crore. ✓ fact

October to December 2025

Interest expense remained ₹1 crore, against ₹2 crore a year earlier. A December balance sheet is not supplied, so further debt repayment cannot be measured for this quarter. ✓ fact

January to March 2026

Borrowings fell further to ₹39 crore, but quarterly interest expense increased from December's ₹1 crore to ₹2 crore. It remained below March 2025's ₹3 crore, so the year-earlier interest-saving test still passes. Equity capital increased from ₹98 crore to ₹100 crore. ✓ fact

From our notes of the call for January to March 2026: The paid-up equity share captal of the Company increased accordingly. April to June 2026

Interest expense returned to ₹1 crore, against ₹2 crore a year earlier. A June balance sheet is not supplied, so lower interest confirms the benefit but cannot establish the latest debt balance. ✓ fact

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.)

## What could change the Motisons Jewellers story? What are the risks? 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.)

## What to watch in Motisons Jewellers' next results? 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. | What to check | Why |
| --- | --- |
| September interest expense stays at or below ₹1 crore and reported borrowings stay at or below March 2026's ₹39 crore. | Debt falling |

## Which stock lists is Motisons Jewellers on? Motisons Jewellers is on 3 of our India lists: Multibagger study list, Penny stocks and Gold & silver stocks. - [Multibagger study list Study stage: early](https://www.sectoralpha.in/multibagger-stocks-india)
- [Penny stocks Earnings growth, 12 months (%): 43.48](https://www.sectoralpha.in/penny-stocks-india)
- [Gold & silver stocks Group on the list: Jewellery makers and shops](https://www.sectoralpha.in/gold-stocks-india)

## Is Motisons Jewellers profitable? 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. 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. ## How much revenue does Motisons Jewellers make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Motisons Jewellers keep? 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. 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. ## Is Motisons Jewellers' profit turning into cash? 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. 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. ## Where does Motisons Jewellers' cash go? 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. 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. ## What is Motisons Jewellers' P/E ratio, and how does it compare with its own history? Motisons Jewellers Ltd's P/E is 24.7×, near the low end of its own history: it has been lower only 19% 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. 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 −14.1%. 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. ## What growth does the Motisons Jewellers share price assume? 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 24.7×, lower than 81% of its own last 2.8 years. 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 3 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. ## Is the Motisons Jewellers business getting better or worse? 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. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Motisons Jewellers story, and has it been checked? 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. 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. 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. ## What is Motisons Jewellers management's track record? 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. Sources:

- [motisonsjewellers.com](https://motisonsjewellers.com/pages/annual-report)
- [sebi.gov.in](https://www.sebi.gov.in/enforcement/orders.html)
- [scanx.trade](https://scanx.trade/stock-market-news/companies/motisons-jewellers-adopts-fy26-financials-15th-agm/52152545)

(Checked 14 October 2026.)

## How much does Motisons Jewellers earn on its capital? 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). 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. ## Does Motisons Jewellers have too much debt? 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. 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. ## What is the Motisons Jewellers shareholding pattern? 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. 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. ## How far is Motisons Jewellers from balance-sheet trouble? 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. ## How does Motisons Jewellers rank in its industry? 47.9 out of 100, rank 16 of 28 in Diamond, Gems & Jewellery, with 96% of the evidence available. Motisons Jewellers Ltd scores 47.9 out of 100 against the 28 companies it is compared with in Diamond, Gems & Jewellery, ranking 16. 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 + 14.2 + 9.7 + 7.6 = 47.9. 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. ## Which companies is Motisons Jewellers compared with? Motisons Jewellers ranks 16 of 28 Diamond, Gems & Jewellery companies on the 4-Factor Sector Score, with 47.9 out of 100. 1. [D.P. Abhushan Ltd](https://www.sectoralpha.in/stocks/dp-abhushan-ltd) DPABHUSHAN · leader · Most evidence points up · 96% evidence 72.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 30.8% · Profit 94.3% · Operating margin change 1 points · 88% evidence Capital efficiency 18.9/25 · ROCE 39.6% · Operating margin 11% · 100% evidence Valuation 12.1/20 · P/E 18.5× · PEG 0.74 · 100% evidence Relative strength 17.3/20 · Lead over its industry 14.3% · Lead over NIFTY 500 53.2% · 1 year 37.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.5 + 18.9 + 12.1 + 17.3 = 72.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Sky Gold & Diamonds Ltd](https://www.sectoralpha.in/stocks/sky-gold-diamonds-ltd) SKYGOLD · leader · Most evidence points up · 100% evidence 71.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.1/35 · Revenue 73.1% · Profit 100% · Operating margin change 1 points · 100% evidence Capital efficiency 18.8/25 · ROCE 26.9% · Operating margin 8% · 100% evidence Valuation 6.9/20 · P/E 34.1× · PEG 1.71 · 100% evidence Relative strength 16.3/20 · Lead over its industry 36.4% · Lead over NIFTY 500 76.3% · 1 year 147.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.1 + 18.8 + 6.9 + 16.3 = 71.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [PNGS Reva Diamond Jewellery Limited](https://www.sectoralpha.in/stocks/pngs-reva-diamond-jewellery-limited) PNGSREVA · breaking out · Most evidence points up · 63% evidence 70.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 39.2/43.75 · Revenue 100% · Profit 100% · Operating margin change 5 points · 100% evidence Capital efficiency 19.0/31.25 · ROCE 22% · Operating margin 24% · 100% evidence Valuation 12.2/25 · P/E 20.8× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 39.2 + 19 + 12.2 = 70.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 4. [Shanti Gold International Ltd](https://www.sectoralpha.in/stocks/shanti-gold-international-ltd) SHANTIGOLD · breaking out · Most evidence points up · 71% evidence 67.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 100% · Profit 100% · Operating margin change -3 points · 83% evidence Capital efficiency 18.5/25 · ROCE 33.9% · Operating margin 10% · 76% evidence Valuation 10.9/20 · P/E 12.2× · PEG n/a · 15% evidence Relative strength 15.3/20 · Lead over its industry 1.1% · Lead over NIFTY 500 35% · 1 year 24% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.1 + 18.5 + 10.9 + 15.3 = 67.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [Tribhovandas Bhimji Zaveri Ltd](https://www.sectoralpha.in/stocks/tribhovandas-bhimji-zaveri-ltd) TBZ · leader · Most evidence points up · 100% evidence 67.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 24.1% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 15.2/25 · ROCE 21.9% · Operating margin 7% · 100% evidence Valuation 10.9/20 · P/E 20.6× · PEG 0.72 · 100% evidence Relative strength 19.5/20 · Lead over its industry 100.6% · Lead over NIFTY 500 148.9% · 1 year 237.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.6 + 15.2 + 10.9 + 19.5 = 67.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Khazanchi Jewellers Ltd](https://www.sectoralpha.in/stocks/khazanchi-jewellers-ltd) KHAZANCHI · breaking out · Most evidence points up · 71% evidence 66.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 24.4% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.3/25 · ROCE 34.8% · Operating margin 7% · 100% evidence Valuation 13.4/20 · P/E 17.5× · PEG n/a · 50% evidence Relative strength 10.6/20 · Lead over its industry n/a · Lead over NIFTY 500 6.8% · 1 year 7.3% · 25% evidence · 5 of 5 weeks ahead Exact sum: 26.5 + 16.3 + 13.4 + 10.6 = 66.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [PC Jeweller Ltd](https://www.sectoralpha.in/stocks/pc-jeweller-ltd) PCJEWELLER · breaking out · Evidence leans up · 100% evidence 62.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 29.3% · Profit 45.7% · Operating margin change 7 points · 100% evidence Capital efficiency 10.3/25 · ROCE 9.6% · Operating margin 29% · 100% evidence Valuation 13.2/20 · P/E 16.9× · PEG 0.32 · 100% evidence Relative strength 18.2/20 · Lead over its industry 14.7% · Lead over NIFTY 500 54.2% · 1 year 33.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.9 + 10.3 + 13.2 + 18.2 = 62.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [RBZ Jewellers Ltd](https://www.sectoralpha.in/stocks/rbz-jewellers-ltd) RBZJEWEL · breaking out · Evidence leans up · 96% evidence 61.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 30.3% · Profit 54% · Operating margin change -2.3 points · 88% evidence Capital efficiency 14.6/25 · ROCE 22% · Operating margin 14.8% · 100% evidence Valuation 16.4/20 · P/E 12.2× · PEG 0.23 · 100% evidence Relative strength 12.0/20 · Lead over its industry -8.2% · Lead over NIFTY 500 24.1% · 1 year 16.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.7 + 14.6 + 16.4 + 12 = 61.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Titan Company Ltd](https://www.sectoralpha.in/stocks/titan-company-ltd) TITAN · losing its lead · Evidence leans up · 96% evidence 56.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/35 · Revenue 45% · Profit 55.1% · Operating margin change 3 points · 88% evidence Capital efficiency 14.1/25 · ROCE 20.5% · Operating margin 14% · 100% evidence Valuation 9.8/20 · P/E 67.5× · PEG 1.43 · 100% evidence Relative strength 6.9/20 · Lead over its industry -21.5% · Lead over NIFTY 500 7.2% · 1 year 18.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 26 + 14.1 + 9.8 + 6.9 = 56.8 · What this means: Earnings are strong; relative strength in its sector is -21.5% and the one-year return is 18.8%. 10. [Thangamayil Jewellery Ltd](https://www.sectoralpha.in/stocks/thangamayil-jewellery-ltd) THANGAMAYL · quiet · Evidence leans up · 96% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 83.2% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 14.7/25 · ROCE 25.5% · Operating margin 5% · 100% evidence Valuation 9.5/20 · P/E 35.3× · PEG 0.78 · 100% evidence Relative strength 6.4/20 · Lead over its industry -20.4% · Lead over NIFTY 500 7% · 1 year 105.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 25.8 + 14.7 + 9.5 + 6.4 = 56.4 · What this means: Earnings are strong; relative strength in its sector is -20.4% and the one-year return is 105.3%. 11. [Senco Gold Ltd](https://www.sectoralpha.in/stocks/senco-gold-ltd) SENCO · quiet · Evidence leans up · 96% evidence 53.0 out of 100 Growth Capital Valuation Relative
12. [Shringar House of Mangalsutra Ltd](https://www.sectoralpha.in/stocks/shringar-house-of-mangalsutra-ltd) SHRINGARMS · breaking out · Evidence leans up · 73% evidence 52.1 out of 100 Growth Capital Valuation Relative
13. [P N Gadgil Jewellers Ltd](https://www.sectoralpha.in/stocks/p-n-gadgil-jewellers-ltd) PNGJL · quiet · Evidence leans up · 93% evidence 52.0 out of 100 Growth Capital Valuation Relative
14. [Kalyan Jewellers India Ltd](https://www.sectoralpha.in/stocks/kalyan-jewellers-india-ltd) KALYANKJIL · losing its lead · Evidence leans down · 96% evidence 49.8 out of 100 Growth Capital Valuation Relative
15. [PNGS Gargi Fashion Jewellery Ltd](https://www.sectoralpha.in/stocks/pngs-gargi-fashion-jewellery-ltd) basing · Evidence leans down · 72% evidence 48.0 out of 100 Growth Capital Valuation Relative
16. Motisons Jewellers Ltd this page MOTISONS · breaking out · Evidence leans down · 96% evidence 47.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 10.7% · Profit 50% · Operating margin change 0 points · 88% evidence Capital efficiency 14.2/25 · ROCE 17.8% · Operating margin 15% · 100% evidence Valuation 9.7/20 · P/E 24.7× · PEG 1.64 · 100% evidence Relative strength 7.6/20 · Lead over its industry -24% · Lead over NIFTY 500 3.5% · 1 year -13.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.4 + 14.2 + 9.7 + 7.6 = 47.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 17. [Bluestone Jewellery & Lifestyle Ltd](https://www.sectoralpha.in/stocks/bluestone-jewellery-lifestyle-ltd) BLUESTONE · losing its lead · Too little evidence to rank firmly · 59% evidence 46.9 out of 100 Growth Capital Valuation Relative
18. [Manoj Vaibhav Gems N Jewellers Ltd](https://www.sectoralpha.in/stocks/manoj-vaibhav-gems-n-jewellers-ltd) MVGJL · losing its lead · Evidence leans down · 96% evidence 45.8 out of 100 Growth Capital Valuation Relative
19. [Radhika Jeweltech Ltd](https://www.sectoralpha.in/stocks/radhika-jeweltech-ltd) RADHIKAJWE · quiet · Evidence leans down · 96% evidence 45.6 out of 100 Growth Capital Valuation Relative
20. [Vaibhav Global Ltd](https://www.sectoralpha.in/stocks/vaibhav-global-ltd) VAIBHAVGBL · quiet · Evidence leans down · 100% evidence 43.7 out of 100 Growth Capital Valuation Relative
21. [SJ Corporation Ltd](https://www.sectoralpha.in/stocks/sj-corporation-ltd) breaking out · Too little evidence to rank firmly · 57% evidence 42.4 out of 100 Growth Capital Valuation Relative
22. [Rajesh Exports Ltd](https://www.sectoralpha.in/stocks/rajesh-exports-ltd) RAJESHEXPO · quiet · Evidence leans down · 88% evidence 36.7 out of 100 Growth Capital Valuation Relative
23. [Asian Star Company Ltd](https://www.sectoralpha.in/stocks/asian-star-company-ltd) ASTAR · turning · Most evidence points down · 78% evidence 28.4 out of 100 Growth Capital Valuation Relative
24. [Utssav CZ Gold Jewels Ltd](https://www.sectoralpha.in/stocks/utssav-cz-gold-jewels-ltd) UTSSAV · leader · Too little evidence to rank firmly · 47% evidence 63.6 out of 100 Growth Capital Valuation Relative
25. Uday Jewellery Industries Ltd Too little evidence to rank firmly · 47% evidence 62.1 out of 100 Growth Capital Valuation Relative
26. [Advit Jewels Ltd](https://www.sectoralpha.in/stocks/advit-jewels-ltd) RAMBHAJO · turning · Too little evidence to rank firmly · 45% evidence 58.9 out of 100 Growth Capital Valuation Relative
27. [Grover Jewells Ltd](https://www.sectoralpha.in/stocks/grover-jewells-ltd) GJL · Too little evidence to rank firmly · 34% evidence 52.9 out of 100 Growth Capital Valuation Relative
28. [Golkunda Diamonds & Jewellery Ltd](https://www.sectoralpha.in/stocks/golkunda-diamonds-jewellery-ltd) Too little evidence to rank firmly · 43% evidence 45.8 out of 100 Growth Capital Valuation Relative

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](https://www.sectoralpha.in/sectors/diamond-gems-jewellery), all 28 compared on one page. ## Which companies are close to Motisons Jewellers in size? 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

1. [Shanti Gold International Ltd](https://www.sectoralpha.in/stocks/shanti-gold-international-ltd) ₹2,266 crore
2. [PNGS Reva Diamond Jewellery Limited](https://www.sectoralpha.in/stocks/pngs-reva-diamond-jewellery-limited) ₹1,975 crore
3. [Khazanchi Jewellers Ltd](https://www.sectoralpha.in/stocks/khazanchi-jewellers-ltd) ₹1,786 crore
4. Motisons Jewellers Ltd ₹1,651 crore
5. [Advit Jewels Ltd](https://www.sectoralpha.in/stocks/advit-jewels-ltd) ₹1,596 crore
6. [Asian Star Company Ltd](https://www.sectoralpha.in/stocks/asian-star-company-ltd) ₹1,042 crore
7. [SJ Corporation Ltd](https://www.sectoralpha.in/stocks/sj-corporation-ltd) ₹845 crore

[All 27 Diamond, Gems & Jewellery companies, largest first](https://www.sectoralpha.in/sectors/diamond-gems-jewellery#all-companies)

### Companies close in size in other industries

1. [Omaxe Ltd](https://www.sectoralpha.in/stocks/omaxe-ltd) ₹1,656 crore · Realty - Construction & Contracting
2. [Venus Remedies Ltd](https://www.sectoralpha.in/stocks/venus-remedies-ltd) ₹1,656 crore · Pharmaceuticals - I V Fluids
3. Motisons Jewellers Ltd ₹1,651 crore
4. [Team Lease Services Ltd](https://www.sectoralpha.in/stocks/team-lease-services-ltd) ₹1,651 crore · Services - Others
5. [Brightcom Group Ltd](https://www.sectoralpha.in/stocks/brightcom-group-ltd) ₹1,649 crore · IT Enabled Services/Business Process Outsourcing

## What else do people ask about Motisons Jewellers? ### What were Motisons Jewellers's latest quarterly results? Motisons Jewellers Ltd reported revenue of ₹107 Cr and net profit of ₹11.0 Cr for the Jun 2026 quarter. Revenue rose 23.0% and profit rose 37.5% compared with a year earlier. Earnings per share were ₹0.10. The operating margin was 15.0%, 0.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Motisons Jewellers's market cap? Motisons Jewellers Ltd's market capitalisation is ₹1,649 Cr at a share price of ₹14.48. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Motisons Jewellers performing? Motisons Jewellers Ltd's share price has been rising for 8 weeks. In its latest quarter, revenue rose 23.0% and profit rose 37.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Motisons Jewellers's share price go up? This page does not forecast Motisons Jewellers Ltd's share price. What it shows instead: the share price is ₹14.48, and it has been rising for 8 weeks. Its P/E of 24.7× is higher than 19% of its own last 3 years (as of 3 November 2026). ### Where is Motisons Jewellers in its business cycle? Motisons Jewellers Ltd's FY26 operating margin was 18.0%, against a 8-year range of 8.0% to 18.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 15.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Motisons Jewellers story? The main question: profits are rising, but only −34% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Motisons Jewellers a stock worth studying right now? What the numbers show: Motisons Jewellers Ltd's results are improving, while its P/E is near the low end of its own history over 2.8 years, higher than only 19% of past readings. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Motisons Jewellers share price forecast for 2026? The changes showing up in Motisons Jewellers' own numbers are debt falling. It is too early to say whether they last. What would change the story: Finance costs rise as additional inventory requires borrowing. ### Where does this page get Motisons Jewellers' management information? From Motisons Jewellers' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Multibagger study list: https://www.sectoralpha.in/multibagger-stocks-india
- Penny stocks: https://www.sectoralpha.in/penny-stocks-india
- Gold & silver stocks: https://www.sectoralpha.in/gold-stocks-india

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