Stock Price Movement and Market Context
On 26 Feb 2026, Manoj Vaibhav Gems N Jewellers Ltd opened with a gap down of -3.78%, touching an intraday low of Rs 150.25, which also represents its all-time low. Despite this, the stock managed a modest recovery, outperforming its sector by 1.39% and reversing a two-day consecutive decline. However, it remains trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum.
In contrast, the Sensex opened higher at 82,418.78, gaining 142.71 points (0.17%) and trading near 82,367.52 at the time of reporting, just 4.6% shy of its 52-week high of 86,159.02. The broader market’s relative strength highlights the stock’s divergence from general market trends, with mega-cap stocks leading gains while Manoj Vaibhav Gems N Jewellers Ltd continues to lag.
Long-Term Performance and Valuation Metrics
The stock’s 1-year performance stands at -26.15%, significantly underperforming the Sensex’s 10.41% gain over the same period. Its 52-week high was Rs 280.80, indicating a steep decline of approximately 46.5% from that peak. Over the last five years, the company’s net sales have grown at a compounded annual rate of 12.76%, while operating profit has increased at 15.70% annually. These growth rates, while positive, have not translated into sustained shareholder returns.
Manoj Vaibhav Gems N Jewellers Ltd currently holds a Mojo Score of 46.0 and a Mojo Grade of Sell, downgraded from Hold on 16 Feb 2026. The company’s market cap grade is 4, reflecting its mid-tier size within the sector. Despite a very attractive return on capital employed (ROCE) of 14.4% and an enterprise value to capital employed ratio of 1, the stock trades at a discount compared to its peers’ historical valuations.
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Shareholding and Market Sentiment
Domestic mutual funds hold no stake in Manoj Vaibhav Gems N Jewellers Ltd, a notable factor given their capacity for detailed research and due diligence. This absence of institutional interest may reflect cautious sentiment regarding the company’s valuation or business prospects at current price levels. The stock’s underperformance relative to the BSE500 index over the last three years, one year, and three months further underscores its challenges in delivering competitive returns.
Recent Financial Highlights
Despite the stock’s price weakness, the company reported positive financial results for the six months ending December 2025. Net sales rose by 26.39% to Rs 1,440.62 crores, while the operating profit to interest ratio reached a high of 6.62 times. Profit before tax excluding other income stood at Rs 43.63 crores, marking the highest level in recent quarters. These figures indicate operational improvements and a degree of financial resilience.
Moreover, the company’s profits have increased by 21.7% over the past year, resulting in a price-to-earnings-to-growth (PEG) ratio of 0.3, which suggests the stock is trading at a valuation that is low relative to its earnings growth. However, this has not yet translated into positive price momentum.
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Sector and Peer Comparison
Within the Gems, Jewellery And Watches sector, Manoj Vaibhav Gems N Jewellers Ltd’s performance has been subdued relative to peers. The stock’s current valuation discount contrasts with the sector’s average historical multiples, reflecting market caution. The company’s modest growth rates and recent downgrades in Mojo Grade highlight the challenges it faces in regaining investor confidence.
While the broader market, led by mega-cap stocks, has shown resilience and modest gains, Manoj Vaibhav Gems N Jewellers Ltd’s share price trajectory remains under pressure. The stock’s inability to sustain levels above key moving averages further emphasises the prevailing bearish sentiment.
Summary of Key Metrics
To summarise, the stock’s key data points as of 26 Feb 2026 are:
- New 52-week low and all-time low: Rs 150.25
- 1-year return: -26.15%
- Mojo Score: 46.0 (Sell grade, downgraded from Hold on 16 Feb 2026)
- Net sales growth (5 years CAGR): 12.76%
- Operating profit growth (5 years CAGR): 15.70%
- ROCE: 14.4%
- Operating profit to interest ratio (latest quarter): 6.62 times
- Profit before tax excluding other income (latest quarter): Rs 43.63 crores
- PEG ratio: 0.3
These figures illustrate a company with some underlying financial strengths but facing significant market valuation pressures and a challenging share price environment.
Conclusion
Manoj Vaibhav Gems N Jewellers Ltd’s fall to Rs 150.25 marks a notable milestone in its recent share price journey, reflecting a combination of subdued long-term growth, limited institutional interest, and relative underperformance against broader market indices and sector peers. While recent financial results show some positive trends, the stock remains below critical technical levels and continues to trade at a discount to historical valuations. The downgrade to a Sell grade by MarketsMOJO on 16 Feb 2026 further underscores the cautious stance on the stock’s near-term outlook.
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