Rajesh Exports

₹278.4 -2.7 | 0.9%

WEBSITE BSE:531500 NSE : RAJESH EXPO. 18 Oct, 10:56

Market Cap ₹8220 Cr.

Stock P/E 217.0

P/B 0.5

Current Price ₹278.4

Book Value ₹ 516.8

Face Value 1

52W High ₹465.8

Dividend Yield 0%

52W Low ₹ 259.3

Edit Ratio

Rajesh Exports Research see more...

Overview Inc. Year: 1995Industry: Diamond & Jewellery

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.

Rajesh Exports Share Price

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Peer Comparison

Rajesh Exports Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Net Sales	85806	49497	80270	94474	115448	85689	38066	65477	91445	60355
Other Income	38	1	1	1	21	12	14	12	204	21
Total Income	85845	49498	80271	94475	115469	85701	38079	65489	91649	60377
Total Expenditure	85666	49192	79852	94025	115046	85354	38016	65465	91609	60318
Operating Profit	179	306	419	451	423	346	64	24	40	58
Interest	0	0	0	0	19	0	0	0	43	30
Depreciation	23	23	24	27	26	31	11	11	11	11
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	157	283	395	423	377	315	53	13	-14	17
Provision for Tax	18	12	22	2	11	6	8	0	18	6
Profit After Tax	139	272	373	422	366	309	45	12	-32	12
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	139	272	373	422	366	309	45	12	-32	12
Adjusted Earnings Per Share	4.7	9.2	12.6	14.3	12.4	10.5	1.5	0.4	-1.1	0.4

Rajesh Exports Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	29197	50463	165179	242132	187686	175763	195600	258306	243128	339690	280676	255343
Other Income	1	0	42	48	62	68	7	3	40	24	242	251
Total Income	29198	50463	165220	242180	187748	175831	195607	258308	243168	339714	280918	255594
Total Expenditure	28414	49196	163452	240382	185802	173969	194051	257182	241949	338054	280348	255408
Operating Profit	784	1267	1769	1798	1946	1862	1556	1127	1219	1660	570	186
Interest	363	478	578	430	537	442	222	142	90	81	139	73
Depreciation	16	62	79	65	68	74	73	90	91	101	64	44
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	404	726	1112	1303	1342	1346	1261	894	1038	1478	367	69
Provision for Tax	46	71	43	59	76	54	55	49	29	46	31	32
Profit After Tax	357	655	1069	1244	1266	1292	1206	845	1009	1432	336	37
Adjustments	0	4	-4	1	-0	-0	0	0	0	0	0	0
Profit After Adjustments	357	659	1065	1244	1266	1292	1206	845	1009	1432	336	37
Adjusted Earnings Per Share	12.1	22.3	36.1	42.1	42.9	43.8	40.8	28.6	34.2	48.5	11.4	1.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-17%	3%	10%	25%
Operating Profit CAGR	-66%	-20%	-21%	-3%
PAT CAGR	-77%	-26%	-24%	-1%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-38%	-24%	-16%	8%
ROE Average	2%	7%	8%	15%
ROCE Average	3%	8%	9%	12%

Rajesh Exports Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	2742	3362	4783	5884	7175	8840	10534	11221	12446	14724	15247
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	8	7	509	475	332	220	107	92	81	112	120
Total Current Liabilities	8487	12711	15648	17771	16029	19781	20087	12160	11389	8039	6705
Total Liabilities	11237	16080	20940	24131	23535	28841	30728	23473	23916	22875	22072
Fixed Assets	168	264	1287	1199	1289	1452	1521	1447	1449	2038	2071
Other Non-Current Assets	55	102	971	1058	1075	1149	1203	1110	1176	1339	1360
Total Current Assets	11014	15714	18683	21875	21171	26240	28003	20916	21290	19498	18641
Total Assets	11237	16080	20940	24131	23535	28841	30728	23473	23916	22875	22072

Rajesh Exports Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	9846	7214	11406	12063	14840	14470	15063	12788	2053	1809	2090
Cash Flow from Operating Activities	-2502	4185	2069	2474	-2870	3482	2572	-10252	-4	463	316
Cash Flow from Investing Activities	-125	-204	-1944	-81	-154	-301	-194	74	-158	-849	-118
Cash Flow from Financing Activities	-4	211	139	528	2596	-2990	-5172	-429	-326	-186	-208
Net Cash Inflow / Outflow	-2632	4192	264	2921	-428	191	-2793	-10606	-489	-571	-10
Closing Cash & Cash Equivalent	7214	11406	12063	14840	14470	15063	12788	2053	1809	2096	2267

Rajesh Exports Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	12.11	22.32	36.07	42.14	42.87	43.76	40.84	28.63	34.19	48.51	11.36
CEPS(Rs)	12.66	24.29	38.88	44.31	45.18	46.28	43.3	31.68	37.26	51.92	13.55
DPS(Rs)	1	1	1	1.1	1	1	1	1	1	1	0
Book NAV/Share(Rs)	92.88	113.85	162	199.29	242.99	299.4	356.77	380.05	421.52	498.67	516.39
Core EBITDA Margin(%)	2.68	2.51	1.05	0.72	1	1.02	0.79	0.44	0.48	0.48	0.12
EBIT Margin(%)	2.63	2.39	1.02	0.72	1	1.02	0.76	0.4	0.46	0.46	0.18
Pre Tax Margin(%)	1.38	1.44	0.67	0.54	0.71	0.77	0.64	0.35	0.43	0.44	0.13
PAT Margin (%)	1.22	1.3	0.65	0.51	0.67	0.74	0.62	0.33	0.42	0.42	0.12
Cash Profit Margin (%)	1.28	1.42	0.7	0.54	0.71	0.78	0.65	0.36	0.45	0.45	0.14
ROA(%)	2.85	4.79	5.78	5.52	5.31	4.93	4.05	3.12	4.26	6.12	1.49
ROE(%)	13.86	21.46	26.25	23.32	19.39	16.14	12.45	7.77	8.53	10.54	2.24
ROCE(%)	13.95	18.44	20.38	16.65	13.75	11.56	11.05	8.62	8.85	10.86	3.23
Receivable days	29.65	19.55	8.71	7.47	8.76	10.53	14.43	13.9	15.81	11.32	14.08
Inventory Days	8.42	4.12	1.72	1.62	2.81	5.88	8.13	8.61	11.32	7.37	6.67
Payable days	85.94	52.06	21.93	17.49	19.01	21.71	30.32	21.11	16.2	9.5	8.52
PER(x)	7.37	8.79	17.21	14.38	17.13	15.22	13.28	16.72	20.2	12.56	23.15
Price/Book(x)	0.96	1.72	3.83	3.04	3.02	2.22	1.52	1.26	1.64	1.22	0.51
Dividend Yield(%)	1.12	0.51	0.16	0.18	0.14	0.15	0.18	0.21	0.14	0.16	0
EV/Net Sales(x)	-0.05	-0.04	0.07	0.04	0.08	0.06	0.02	0.05	0.08	0.05	0.02
EV/Core EBITDA(x)	-1.86	-1.4	6.14	4.78	8.18	5.8	2.89	11.62	15.91	10.01	10.78
Net Sales Growth(%)	-6.5	72.83	227.33	46.59	-22.49	-6.35	11.29	32.06	-5.88	39.72	-17.37
EBIT Growth(%)	-2.78	56.98	40.31	2.57	8.38	-4.85	-16.99	-30.16	8.89	38.21	-67.56
PAT Growth(%)	-21.02	83.22	63.23	16.34	1.79	2.07	-6.68	-29.94	19.45	41.92	-76.57
EPS Growth(%)	-21.02	84.39	61.57	16.83	1.74	2.08	-6.68	-29.91	19.42	41.9	-76.57
Debt/Equity(x)	1.14	1.14	0.96	0.94	1.22	0.7	0.12	0.09	0.07	0.05	0.04
Current Ratio(x)	1.3	1.24	1.19	1.23	1.32	1.33	1.39	1.72	1.87	2.43	2.78
Quick Ratio(x)	1.23	1.19	1.13	1.17	1.21	1.13	1.16	1.11	1.2	1.67	2.15
Interest Cover(x)	2.11	2.52	2.93	4.03	3.5	4.05	6.67	7.28	12.54	19.26	3.64
Total Debt/Mcap(x)	1.18	0.66	0.25	0.31	0.4	0.32	0.08	0.07	0.04	0.04	0.08

Rajesh Exports Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	54.05	54.05	54.05	54.05	54.05	54.05	54.55	54.55	54.55	54.55
FII	17.7	17.62	17.67	17.6	16.5	15.38	15.77	15.08	14.72	14.81
DII	11.39	11.36	11.27	11.26	11.16	11.08	11.08	11.08	11.12	11.09
Public	16.87	16.97	17.02	17.09	18.3	19.49	18.6	19.29	19.61	19.55
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	15.96	15.96	15.96	15.96	15.96	15.96	16.11	16.11	16.11	16.11
FII	5.22	5.2	5.22	5.2	4.87	4.54	4.66	4.45	4.35	4.37
DII	3.36	3.35	3.33	3.33	3.29	3.27	3.27	3.27	3.28	3.28
Public	4.98	5.01	5.02	5.05	5.4	5.75	5.49	5.69	5.79	5.77
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

Pros

Stock is trading at 0.5 times its book value
Debtor days have improved from 9.5 to 8.52days.
Company is almost debt free.

Cons

Company has a low return on equity of 7% over the last 3 years.
The company has delivered a poor profit growth of -23% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Rajesh Exports

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Rajesh Exports Research see more...

Overview Inc. Year: 1995Industry: Diamond & Jewellery

Rajesh Exports Share Price

Alert Data

Quarterly Price

Peer Comparison

Rajesh Exports Quarterly Results

Rajesh Exports Profit & Loss

Growth Rates

Rajesh Exports Balance Sheet

Rajesh Exports Cash Flow

Rajesh Exports Ratios

Rajesh Exports Shareholding Pattern

Rajesh Exports News

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