Stock Price Movement and Market Context
On 24 Feb 2026, Manoj Vaibhav Gems N Jewellers Ltd’s share price touched an intraday low of Rs.156.6, representing a 2.00% decline on the day. This drop outpaced the Sensex’s fall of 1.33% and also underperformed its sector by 1.83%. The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish trend.
Performance metrics over various time horizons further illustrate the stock’s challenges. Over the past one year, the stock has declined by 27.18%, starkly contrasting with the Sensex’s 10.39% gain. The three-month return stands at -21.11%, while the one-month and one-week performances are -6.34% and -7.88% respectively, both significantly lagging the Sensex and BSE500 benchmarks. Year-to-date, the stock has fallen 13.38%, compared to the Sensex’s 3.56% decline.
Longer-term returns also highlight the stock’s stagnation. Over three, five, and ten years, Manoj Vaibhav Gems N Jewellers Ltd has delivered no appreciable gains, remaining flat at 0.00%, while the Sensex has surged by 38.22%, 61.85%, and 255.97% respectively during these periods.
Financial Performance and Valuation Metrics
Despite the share price weakness, the company’s recent financial results show some positive indicators. Net sales for the latest six months reached Rs.1,440.62 crores, reflecting a robust growth rate of 26.39%. Operating profit to interest ratio for the quarter is at a high of 6.62 times, and profit before tax excluding other income (PBT less OI) stands at Rs.43.63 crores, the highest recorded.
The company’s return on capital employed (ROCE) is reported at 14.4%, which is considered very attractive within its sector. Additionally, the enterprise value to capital employed ratio is approximately 1, indicating a valuation discount relative to peers’ historical averages. The price-to-earnings-to-growth (PEG) ratio is notably low at 0.3, reflecting profit growth of 21.7% over the past year despite the stock’s negative return.
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Rating and Market Perception
Manoj Vaibhav Gems N Jewellers Ltd currently holds a Mojo Score of 46.0 with a Mojo Grade of Sell, downgraded from Hold on 16 Feb 2026. The company’s market capitalisation grade is rated 4, reflecting its mid-tier size within the sector. The downgrade reflects concerns over the company’s long-term growth prospects and relative performance.
One notable aspect is the absence of domestic mutual fund holdings in the company, with funds holding 0% of the stock. Given that domestic mutual funds typically conduct thorough research and maintain stakes in companies with favourable outlooks, their lack of participation may indicate reservations about the company’s valuation or business fundamentals.
Over the last five years, net sales have grown at an annualised rate of 12.76%, while operating profit has increased at 15.70% annually. These growth rates, while positive, have not translated into commensurate shareholder returns, as evidenced by the stock’s underperformance relative to the BSE500 index over one, three, and twelve-month periods.
Sector and Peer Comparison
The Gems, Jewellery and Watches sector has experienced mixed performance in recent months, with Manoj Vaibhav Gems N Jewellers Ltd underperforming its peers. The stock’s valuation metrics suggest it is trading at a discount compared to sector averages, yet this has not been sufficient to attract significant buying interest or reverse the downward price trend.
Trading below all major moving averages indicates a lack of upward momentum, and the stock’s relative weakness compared to the Sensex and sector benchmarks highlights ongoing challenges in regaining investor confidence.
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Summary of Key Metrics
Price: Rs.156.6 (All-time low)
Day Change: -2.00%
1 Year Return: -27.18%
3 Month Return: -21.11%
Net Sales Growth (5 years CAGR): 12.76%
Operating Profit Growth (5 years CAGR): 15.70%
ROCE: 14.4%
PEG Ratio: 0.3
Mojo Grade: Sell (Downgraded from Hold on 16 Feb 2026)
Domestic Mutual Fund Holding: 0%
Conclusion
Manoj Vaibhav Gems N Jewellers Ltd’s recent fall to an all-time low price of Rs.156.6 reflects a continuation of its subdued market performance and valuation pressures. Despite some encouraging financial metrics such as strong net sales growth and attractive ROCE, the stock has struggled to generate positive returns for shareholders over multiple time frames. The downgrade to a Sell rating and absence of domestic mutual fund participation further underscore the cautious stance prevailing in the market towards this company.
Trading below all major moving averages and underperforming both sector and benchmark indices, the stock remains in a challenging position within the Gems, Jewellery and Watches sector.
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