WEBSITE BSE:531500 NSE: RAJESH EXPO. Inc. Year: 1995 Industry: Diamond & Jewellery
Last updated: 11:24
Rajesh Exports Ltd is engaged inside the commercial enterprise of gold and gold merchandise. The Company is engaged in gold refining and production of numerous types of gold merchandise. It is engaged in generating hand made jewellery, casting jewellery, machine chains, stamped jewellery, studded jewellery, tube jewellery, and electro-fashioned jewellery. The Company sells gold and diamond jewellery in retail through its branded retail jewellery chain shops under the brand name of SHUBH Jewellers. Its gold products manufacturing and R&D centers...Read More
Rajesh Exports Ltd is engaged inside the commercial enterprise of gold and gold merchandise. The Company is engaged in gold refining and production of numerous types of gold merchandise. It is engaged in generating hand made jewellery, casting jewellery, machine chains, stamped jewellery, studded jewellery, tube jewellery, and electro-fashioned jewellery. The Company sells gold and diamond jewellery in retail through its branded retail jewellery chain shops under the brand name of SHUBH Jewellers. Its gold products manufacturing and R&D centers are in Bangalore, Cochin, and Dubai, and the refining facility is at Balerna, Switzerland. It exports its merchandise to various international locations and sells its merchandise wholesale and retail. ...Read Less
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Market Cap ₹5417 Cr.
Stock P/E 57.1
P/B 0.3
Current Price ₹183.5
Book Value ₹ 561.6
Face Value 1
52W High ₹239
Dividend Yield 0%
52W Low ₹ 151
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 85689 | 38066 | 65477 | 91445 | 60355 | 66924 | 96630 | 199190 | 131542 | 175212 |
| Other Income | 12 | 14 | 12 | 206 | 21 | 22 | 21 | 54 | 9 | 12 |
| Total Income | 85701 | 38079 | 65489 | 91651 | 60377 | 66945 | 96652 | 199243 | 131551 | 175224 |
| Total Expenditure | 85354 | 38016 | 65465 | 91609 | 60318 | 66847 | 96564 | 199203 | 131500 | 175036 |
| Operating Profit | 346 | 64 | 24 | 41 | 58 | 98 | 88 | 40 | 52 | 188 |
| Interest | 0 | 0 | 0 | 43 | 30 | 32 | 33 | 37 | 38 | 39 |
| Depreciation | 31 | 11 | 11 | 11 | 11 | 11 | 12 | 11 | 12 | 13 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 315 | 53 | 13 | -13 | 17 | 54 | 43 | -8 | 2 | 137 |
| Provision for Tax | 6 | 8 | 0 | 18 | 6 | 9 | 8 | -10 | 11 | 33 |
| Profit After Tax | 309 | 45 | 12 | -30 | 12 | 46 | 36 | 2 | -10 | 104 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 309 | 45 | 12 | -30 | 12 | 46 | 36 | 2 | -10 | 104 |
| Adjusted Earnings Per Share | 10.5 | 1.5 | 0 | -1 | 0.4 | 1.5 | 1.2 | 0.1 | -0.3 | 3.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 50463 | 165179 | 242132 | 187686 | 175763 | 195600 | 258306 | 243128 | 339690 | 280676 | 423099 | 602574 |
| Other Income | 0 | 42 | 48 | 62 | 68 | 7 | 3 | 40 | 24 | 243 | 118 | 96 |
| Total Income | 50463 | 165220 | 242180 | 187748 | 175831 | 195607 | 258308 | 243168 | 339714 | 280920 | 423217 | 602670 |
| Total Expenditure | 49196 | 163452 | 240382 | 185802 | 173969 | 194051 | 257182 | 241949 | 338054 | 280348 | 422932 | 602303 |
| Operating Profit | 1267 | 1769 | 1798 | 1946 | 1862 | 1556 | 1127 | 1219 | 1660 | 572 | 285 | 368 |
| Interest | 478 | 578 | 430 | 537 | 442 | 222 | 142 | 90 | 81 | 139 | 133 | 147 |
| Depreciation | 62 | 79 | 65 | 68 | 74 | 73 | 90 | 91 | 101 | 64 | 45 | 48 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 726 | 1112 | 1303 | 1342 | 1346 | 1261 | 894 | 1038 | 1478 | 368 | 107 | 174 |
| Provision for Tax | 71 | 43 | 59 | 76 | 54 | 55 | 49 | 29 | 46 | 31 | 12 | 42 |
| Profit After Tax | 655 | 1069 | 1244 | 1266 | 1292 | 1206 | 845 | 1009 | 1432 | 337 | 95 | 132 |
| Adjustments | 4 | -4 | 1 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 659 | 1065 | 1244 | 1266 | 1292 | 1206 | 845 | 1009 | 1432 | 337 | 95 | 132 |
| Adjusted Earnings Per Share | 22.3 | 36.1 | 42.1 | 42.9 | 43.8 | 40.8 | 28.6 | 34.2 | 48.5 | 11.4 | 3.2 | 4.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 51% | 20% | 17% | 24% |
| Operating Profit CAGR | -50% | -38% | -29% | -14% |
| PAT CAGR | -72% | -55% | -40% | -18% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -21% | -36% | -18% | -12% |
| ROE Average | 1% | 4% | 6% | 14% |
| ROCE Average | 1% | 5% | 7% | 11% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 3362 | 4783 | 5884 | 7175 | 8840 | 10534 | 11221 | 12446 | 14724 | 15247 | 15681 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 147 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 7 | 509 | 475 | 332 | 220 | 107 | 92 | 81 | 112 | 120 | 109 |
| Total Current Liabilities | 12711 | 15648 | 17771 | 16029 | 19781 | 20087 | 12160 | 11389 | 8039 | 6705 | 13435 |
| Total Liabilities | 16080 | 20940 | 24131 | 23535 | 28841 | 30728 | 23473 | 23916 | 22875 | 22072 | 29372 |
| Fixed Assets | 264 | 1287 | 1199 | 1289 | 1452 | 1521 | 1447 | 1449 | 2038 | 2071 | 1340 |
| Other Non-Current Assets | 102 | 971 | 1058 | 1075 | 1149 | 1203 | 1110 | 1176 | 1339 | 1360 | 10794 |
| Total Current Assets | 15714 | 18683 | 21875 | 21171 | 26240 | 28003 | 20916 | 21290 | 19498 | 18641 | 17239 |
| Total Assets | 16080 | 20940 | 24131 | 23535 | 28841 | 30728 | 23473 | 23916 | 22875 | 22072 | 29372 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 7214 | 11406 | 12063 | 14840 | 14470 | 15063 | 12788 | 2053 | 1809 | 2090 | 2267 |
| Cash Flow from Operating Activities | 4185 | 2069 | 2474 | -2870 | 3482 | 2572 | -10252 | -4 | 463 | 140 | 7738 |
| Cash Flow from Investing Activities | -204 | -1944 | -81 | -154 | -301 | -194 | 74 | -158 | -849 | -116 | -8561 |
| Cash Flow from Financing Activities | 211 | 139 | 528 | 2596 | -2990 | -5172 | -429 | -326 | -186 | -33 | 188 |
| Net Cash Inflow / Outflow | 4192 | 264 | 2921 | -428 | 191 | -2793 | -10606 | -489 | -571 | -10 | -635 |
| Closing Cash & Cash Equivalent | 11406 | 12063 | 14840 | 14470 | 15063 | 12788 | 2053 | 1809 | 2096 | 2267 | 1891 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 22.32 | 36.07 | 42.14 | 42.87 | 43.76 | 40.84 | 28.63 | 34.19 | 48.51 | 11.42 | 3.21 |
| CEPS(Rs) | 24.29 | 38.88 | 44.31 | 45.18 | 46.28 | 43.3 | 31.68 | 37.26 | 51.92 | 13.59 | 4.75 |
| DPS(Rs) | 1 | 1 | 1.1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Book NAV/Share(Rs) | 113.85 | 162 | 199.29 | 242.99 | 299.4 | 356.77 | 380.05 | 421.52 | 498.67 | 516.39 | 531.11 |
| Core EBITDA Margin(%) | 2.51 | 1.05 | 0.72 | 1 | 1.02 | 0.79 | 0.44 | 0.48 | 0.48 | 0.12 | 0.04 |
| EBIT Margin(%) | 2.39 | 1.02 | 0.72 | 1 | 1.02 | 0.76 | 0.4 | 0.46 | 0.46 | 0.18 | 0.06 |
| Pre Tax Margin(%) | 1.44 | 0.67 | 0.54 | 0.71 | 0.77 | 0.64 | 0.35 | 0.43 | 0.44 | 0.13 | 0.03 |
| PAT Margin (%) | 1.3 | 0.65 | 0.51 | 0.67 | 0.74 | 0.62 | 0.33 | 0.42 | 0.42 | 0.12 | 0.02 |
| Cash Profit Margin (%) | 1.42 | 0.7 | 0.54 | 0.71 | 0.78 | 0.65 | 0.36 | 0.45 | 0.45 | 0.14 | 0.03 |
| ROA(%) | 4.79 | 5.78 | 5.52 | 5.31 | 4.93 | 4.05 | 3.12 | 4.26 | 6.12 | 1.5 | 0.37 |
| ROE(%) | 21.46 | 26.25 | 23.32 | 19.39 | 16.14 | 12.45 | 7.77 | 8.53 | 10.54 | 2.25 | 0.61 |
| ROCE(%) | 18.44 | 20.38 | 16.65 | 13.75 | 11.56 | 11.05 | 8.62 | 8.85 | 10.86 | 3.24 | 1.47 |
| Receivable days | 19.55 | 8.71 | 7.47 | 8.76 | 10.53 | 14.43 | 13.9 | 15.81 | 11.32 | 14.08 | 7 |
| Inventory Days | 4.12 | 1.72 | 1.62 | 2.81 | 5.88 | 8.13 | 8.61 | 11.32 | 7.37 | 6.67 | 5.97 |
| Payable days | 52.06 | 21.93 | 17.49 | 19.01 | 21.71 | 30.32 | 21.11 | 16.2 | 9.5 | 8.52 | 7.92 |
| PER(x) | 8.79 | 17.21 | 14.38 | 17.13 | 15.22 | 13.28 | 16.72 | 20.2 | 12.56 | 23.05 | 57.79 |
| Price/Book(x) | 1.72 | 3.83 | 3.04 | 3.02 | 2.23 | 1.52 | 1.26 | 1.64 | 1.22 | 0.51 | 0.35 |
| Dividend Yield(%) | 0.51 | 0.16 | 0.18 | 0.14 | 0.15 | 0.18 | 0.21 | 0.14 | 0.16 | 0 | 0 |
| EV/Net Sales(x) | -0.04 | 0.07 | 0.04 | 0.08 | 0.06 | 0.02 | 0.05 | 0.08 | 0.05 | 0.02 | 0.01 |
| EV/Core EBITDA(x) | -1.4 | 6.14 | 4.78 | 8.18 | 5.8 | 2.89 | 11.62 | 15.91 | 10.01 | 10.76 | 15.85 |
| Net Sales Growth(%) | 72.83 | 227.33 | 46.59 | -22.49 | -6.35 | 11.29 | 32.06 | -5.88 | 39.72 | -17.37 | 50.74 |
| EBIT Growth(%) | 56.98 | 40.31 | 2.57 | 8.38 | -4.85 | -16.99 | -30.16 | 8.89 | 38.21 | -67.48 | -52.75 |
| PAT Growth(%) | 83.22 | 63.23 | 16.34 | 1.79 | 2.07 | -6.68 | -29.94 | 19.45 | 41.92 | -76.48 | -71.83 |
| EPS Growth(%) | 84.39 | 61.57 | 16.83 | 1.74 | 2.08 | -6.67 | -29.91 | 19.42 | 41.9 | -76.47 | -71.84 |
| Debt/Equity(x) | 1.14 | 0.96 | 0.94 | 1.22 | 0.7 | 0.12 | 0.09 | 0.07 | 0.05 | 0.04 | 0.06 |
| Current Ratio(x) | 1.24 | 1.19 | 1.23 | 1.32 | 1.33 | 1.39 | 1.72 | 1.87 | 2.43 | 2.78 | 1.28 |
| Quick Ratio(x) | 1.19 | 1.13 | 1.17 | 1.21 | 1.13 | 1.16 | 1.11 | 1.2 | 1.67 | 2.15 | 0.57 |
| Interest Cover(x) | 2.52 | 2.93 | 4.03 | 3.5 | 4.05 | 6.67 | 7.28 | 12.54 | 19.26 | 3.65 | 1.8 |
| Total Debt/Mcap(x) | 0.66 | 0.25 | 0.31 | 0.4 | 0.32 | 0.08 | 0.07 | 0.04 | 0.04 | 0.08 | 0.17 |
| # | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.05 | 54.05 | 54.05 | 54.05 | 54.55 | 54.55 | 54.55 | 54.55 | 54.55 | 54.55 |
| FII | 17.67 | 17.6 | 16.5 | 15.38 | 15.77 | 15.08 | 14.72 | 14.81 | 14.7 | 15.18 |
| DII | 11.27 | 11.26 | 11.16 | 11.08 | 11.08 | 11.08 | 11.12 | 11.09 | 11.12 | 10.98 |
| Public | 17.02 | 17.09 | 18.3 | 19.49 | 18.6 | 19.29 | 19.61 | 19.55 | 19.63 | 19.29 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 15.96 | 15.96 | 15.96 | 15.96 | 16.11 | 16.11 | 16.11 | 16.11 | 16.11 | 16.11 |
| FII | 5.22 | 5.2 | 4.87 | 4.54 | 4.66 | 4.45 | 4.35 | 4.37 | 4.34 | 4.48 |
| DII | 3.33 | 3.33 | 3.29 | 3.27 | 3.27 | 3.27 | 3.28 | 3.28 | 3.28 | 3.24 |
| Public | 5.02 | 5.05 | 5.4 | 5.75 | 5.49 | 5.69 | 5.79 | 5.77 | 5.8 | 5.7 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 29.53 | 29.53 | 29.53 | 29.53 | 29.53 | 29.53 | 29.53 | 29.53 | 29.53 | 29.53 |
* The pros and cons are machine generated.
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