Radhika Jeweltech Ltd (RADHIKAJWE) AI Stock Analysis

• Market Cap: ₹6.83B
• Dividend Yield: 0.26%
• Average Volume (3M): 43.02K
• Price to Earnings (P/E): 7.2
• Beta (1Y): 1.12
• Revenue Growth: 7.24%
• EPS Growth: 38.75%
• Country: IN
• Employees: 130
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Luxury Goods
• EPS (TTM): 2.60
• Shares Outstanding: 118,000,000
• 10 Day Avg. Volume: 24,799
• 30 Day Avg. Volume: 43,017
• PEG Ratio: 0.76
• Price to Book (P/B): 3.02
• Price to Sales (P/S): 1.66
• P/FCF Ratio: 59.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ₹63.00 ▼(-13.89% Downside)
• Action: Upgraded Date: 01/08/26
• Date: Action: Upgraded 01/08/26

The score is driven primarily by strong financial performance (profitability and growth with improving cash generation), partially offset by mixed technical signals (negative MACD and price below longer-term moving averages). Valuation appears reasonable on P/E, but the dividend yield offers limited support.

Positive Factors

Improving Profitability

Margin expansion and rising net income, supported by solid EBIT/EBITDA margins, indicate the company is converting sales into sustainable profits. This operational leverage improves resilience to cost shocks and supports durable cash generation and reinvestment over the medium term.

Balance Sheet Strength

A strong equity base and overall healthy debt metrics provide financial flexibility for growth investments or to weather demand variability. Attractive ROE driven by net income suggests capital is being deployed effectively, underpinning longer-term stability.

Improved Cash Generation

Transitioning to positive free cash flow signals stronger operational cash conversion, reducing reliance on external financing. Sustained positive FCF enables capex funding, potential deleveraging and supports shareholder returns, improving balance sheet durability over time.

Negative Factors

Rising Debt Levels

Growing total debt, if unchecked, raises leverage and interest burden risks, limiting strategic flexibility. In a luxury goods context where demand can be cyclical, higher leverage can amplify downturn impacts and increase refinancing and coverage pressure over the medium term.

Cash Flow Volatility

Historical swings in operating cash relative to net income indicate uneven cash generation. Even with 2025 improvement, such volatility weakens predictability for dividends, capex or debt repayment and raises execution risk if market conditions or margins deteriorate.

Revenue-Dependence for Profitability

The company's profitability gains appear closely tied to revenue growth; if top-line momentum slows due to competition or soft demand, margins and net income could reverse. Dependence on continued sales expansion increases sensitivity to macro and sector cycles.

Radhika Jeweltech Ltd Business Overview & Revenue Model

Company Description

Radhika Jeweltech Limited engages in the retail sale of jewelry in India. It operates a retail outlet that sells gold, silver, platinum, and diamond jewelries and ornaments. The company was founded in 1987 and is based in Rajkot, India.

How the Company Makes Money

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Radhika Jeweltech Ltd Financial Statement Overview

Summary

Strong revenue and profit growth with improving gross and net margins, supported by solid EBIT/EBITDA margins. Balance sheet remains healthy with a good equity base, but rising debt and historically volatile cash flow (despite improved positive free cash flow in 2025) temper the score.

Income Statement

Radhika Jeweltech Ltd shows a strong growth trajectory with a significant increase in total revenue from 2024 to 2025. The gross profit margin and net profit margin have improved, indicating enhanced profitability. The company has maintained a solid EBIT and EBITDA margin, reflecting operational efficiency. However, the reliance on revenue growth for profitability poses a potential risk if the growth rate slows down.

Balance Sheet

The balance sheet displays a robust equity position with a healthy debt-to-equity ratio, suggesting prudent financial management. The return on equity remains attractive, driven by the company's strong net income. However, the increase in total debt over the years could become a concern if not managed carefully, especially in a high-leverage industry like luxury goods.

Cash Flow

The cash flow analysis reveals a positive shift in free cash flow from negative to positive in 2025, indicating improved cash generation capabilities. The operating cash flow to net income ratio shows a recovery, though past fluctuations highlight potential volatility. Consistent positive free cash flow would enhance the company's liquidity position further.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.93B	5.88B	5.44B	3.13B	2.33B	1.37B
Gross Profit	1.15B	1.12B	905.70M	570.44M	408.61M	353.52M
EBITDA	962.73M	897.29M	716.63M	426.68M	369.37M	338.91M
Net Income	626.49M	601.18M	495.27M	296.91M	270.60M	226.19M
Balance Sheet
Total Assets	0.00	3.76B	3.21B	2.59B	2.11B	1.98B
Cash, Cash Equivalents and Short-Term Investments	54.89M	54.89M	25.58M	139.84M	422.68M	512.47M
Total Debt	0.00	428.40M	508.60M	337.96M	221.51M	242.99M
Total Liabilities	-3.23B	531.84M	561.10M	437.12M	230.65M	280.32M
Stockholders Equity	3.23B	3.23B	2.65B	2.15B	1.88B	1.64B
Cash Flow
Free Cash Flow	0.00	164.38M	-260.32M	-259.47M	-57.26M	66.48M
Operating Cash Flow	0.00	165.66M	-258.49M	-239.51M	-40.97M	66.82M
Investing Cash Flow	0.00	-17.17M	-19.60M	-20.89M	942.00K	265.79M
Financing Cash Flow	0.00	-119.18M	164.27M	-22.20M	-50.51M	-2.00M

Radhika Jeweltech Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 73.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RADHIKAJWE, the sentiment is Negative. The current price of 73.16 is above the 20-day moving average (MA) of 61.81, above the 50-day MA of 67.62, and below the 200-day MA of 82.42, indicating a bearish trend. The MACD of -3.08 indicates Positive momentum. The RSI at 36.14 is Neutral, neither overbought nor oversold. The STOCH value of 31.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RADHIKAJWE.

Radhika Jeweltech Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RADHIKAJWE	72 Outperform	₹6.83B	7.18	―	0.26%	7.24%	38.75%
TBZ	66 Neutral	₹8.60B	3.41	―	1.38%	14.86%	48.09%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
RGL	61 Neutral	₹10.10B	10.52	―	―	12.34%	-6.61%
KANANIIND	50 Neutral	₹267.12M	21.13	―	―	―	―
LYPSAGEMS	46 Neutral	₹137.10M	3.21	―	―	―	―
GOENKA	41 Neutral	₹266.28M	-23.75	―	―	―	―

Radhika Jeweltech Ltd Corporate Events

Radhika Jeweltech Shuts Trading Window Ahead of Q3 FY26 Results

Radhika Jeweltech Limited has announced that its trading window for dealing in the company’s securities will be closed for directors, promoters, designated persons and specified connected persons from 1 January 2026 until 48 hours after the declaration of its unaudited financial results for the quarter ended 31 December 2025. The move, made in line with SEBI’s Prohibition of Insider Trading Regulations and related stock exchange clarifications, underscores the company’s compliance posture and is intended to prevent insider trading risks around the upcoming quarterly financial disclosure, thereby reinforcing governance safeguards for investors and other market participants.