Rajesh Exports Limited (RAJESHEXPO) AI Stock Analysis

• Market Cap: ₹49.72B
• Dividend Yield: N/A
• Average Volume (3M): 38.59K
• Price to Earnings (P/E): 37.7
• Beta (1Y): 1.39
• Revenue Growth: 112.02%
• EPS Growth: 244.77%
• Country: IN
• Employees: 111
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 3.52
• Shares Outstanding: 295,259,980
• 10 Day Avg. Volume: 25,020
• 30 Day Avg. Volume: 38,586
• PEG Ratio: -0.84
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 0.01
• P/FCF Ratio: 0.74
• 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: 60 Neutral
• Price Target: ₹214.00 ▲(4.93% Upside)

Rajesh Exports Limited's overall stock score is primarily driven by its strong technical indicators, suggesting positive market momentum. However, the high P/E ratio and low profit margins temper the outlook, indicating potential overvaluation and profitability concerns.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust sales performance and market demand, enhancing the company's competitive position and potential for future expansion.

Balance Sheet Health

A low debt-to-equity ratio reflects conservative financial management, providing financial stability and flexibility for future investments or downturns.

Cash Generation

Improved cash generation capabilities enhance the company's ability to fund operations, invest in growth opportunities, and return value to shareholders.

Negative Factors

Profit Margins

Low profit margins indicate high costs relative to revenue, which can hinder long-term profitability and limit the company's ability to reinvest in growth.

Cash Flow Volatility

Volatile cash flows can create uncertainty in financial planning and may impact the company's ability to consistently meet obligations or invest in strategic initiatives.

Return on Equity

A low return on equity suggests inefficient use of shareholder funds, potentially limiting investor appeal and the company's ability to attract new capital.

Rajesh Exports Limited Business Overview & Revenue Model

Company Description

Rajesh Exports Limited, a gold refiner, manufactures, wholesales, and retails gold and diamond jewelry, and various gold products in India. It operates retail showrooms under the SHUBH Jewellers brand name. The company also exports its products. Rajesh Exports Limited was incorporated in 1989 and is headquartered in Bengaluru, India.

How the Company Makes Money

Rajesh Exports Limited generates revenue primarily through the sale of gold and diamond jewelry, which includes both wholesale and retail segments. The company processes rough diamonds and transforms them into polished diamonds, which are then used in their jewelry offerings. Key revenue streams include direct sales to retail outlets, partnerships with international jewelers, and participation in trade shows and exhibitions to showcase their products. Additionally, RAJESHEXPO benefits from strong relationships with suppliers and distributors, allowing them to secure favorable pricing on raw materials, which enhances their profit margins. The company's international presence also enables it to tap into various markets, further diversifying its income sources.

Rajesh Exports Limited Financial Statement Overview

Summary

Rajesh Exports Limited shows strong revenue growth and a solid balance sheet with low leverage, which are positive indicators. However, low profit margins and historical cash flow volatility highlight areas for improvement.

Income Statement

Rajesh Exports Limited has shown a significant revenue growth rate of 34.16% in the most recent year, indicating strong sales performance. However, the company struggles with low profitability margins, with a net profit margin of only 0.02% and a gross profit margin of 0.12%. This suggests high costs relative to revenue, which could be a concern for long-term profitability.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.06, indicating conservative leverage. The return on equity is modest at 0.60%, reflecting limited profitability on shareholder investments. The equity ratio stands at 53.38%, suggesting a strong equity base relative to total assets.

Cash Flow

Rajesh Exports Limited has demonstrated robust free cash flow growth, albeit from a negative base, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 0.58, showing moderate cash conversion efficiency. However, historical volatility in cash flows may pose risks to financial stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.94T	4.23T	2.81T	3.40T	2.43T	2.58T
Gross Profit	4.81B	5.05B	6.45B	20.62B	15.95B	15.31B
EBITDA	2.78B	2.85B	5.70B	16.60B	12.08B	11.26B
Net Income	734.79M	948.70M	3.36B	14.32B	10.09B	8.45B
Balance Sheet
Total Assets	0.00	293.72B	220.72B	228.75B	239.16B	234.73B
Cash, Cash Equivalents and Short-Term Investments	18.91B	23.97B	22.67B	20.90B	18.04B	20.48B
Total Debt	0.00	9.23B	6.55B	7.23B	8.15B	10.21B
Total Liabilities	-158.28B	135.44B	68.25B	81.51B	114.70B	122.51B
Stockholders Equity	158.28B	156.81B	152.47B	147.24B	124.46B	112.21B
Cash Flow
Free Cash Flow	0.00	77.38B	2.48B	-2.59B	-920.29M	-102.78B
Operating Cash Flow	0.00	77.38B	3.16B	4.63B	-43.81M	-102.52B
Investing Cash Flow	0.00	-85.61B	-1.18B	-8.49B	-1.58B	741.26M
Financing Cash Flow	0.00	1.88B	-2.08B	-1.86B	-3.26B	-4.29B

Rajesh Exports Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 203.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAJESHEXPO, the sentiment is Negative. The current price of 203.95 is above the 20-day moving average (MA) of 193.33, above the 50-day MA of 188.83, and above the 200-day MA of 190.93, indicating a bearish trend. The MACD of -5.43 indicates Positive momentum. The RSI at 34.64 is Neutral, neither overbought nor oversold. The STOCH value of 6.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RAJESHEXPO.

Rajesh Exports Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TBZ	66 Neutral	₹11.23B	12.03	―	1.38%	14.86%	48.09%
THANGAMAYL	66 Neutral	₹112.01B	59.42	―	0.37%	35.04%	80.12%
SENCO	66 Neutral	₹57.56B	22.95	―	0.31%	20.18%	16.17%
PCJEWELLER	62 Neutral	₹75.46B	10.41	―	―	190.41%	2939.51%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RAJESHEXPO	60 Neutral	₹49.72B	37.68	―	―	112.02%	244.77%
GOENKA	41 Neutral	₹266.28M	-16.34	―	―	―	―

Rajesh Exports Limited Corporate Events

Rajesh Exports Clears FY25 Accounts, Confirms Board Reappointments at 31st AGM

Rajesh Exports Limited announced that it successfully conducted its 31st Annual General Meeting on 30 December 2025 via video conferencing, in compliance with SEBI’s listing obligations and disclosure requirements. Shareholders approved the adoption of the consolidated and standalone financial statements for the year ended 31 March 2025, along with the directors’ and auditors’ reports, and endorsed the re-appointment of executive director Rajesh Mehta and independent director Asha Mehta, reinforcing continuity in the company’s leadership and governance. A scrutinizer was appointed to oversee the remote e-voting and e-voting at the meeting, with results to be published on the company’s website and shared with stock exchanges, underscoring Rajesh Exports’ adherence to regulatory norms and transparent shareholder processes.

Exchange Seeks Clarification From Rajesh Exports on Surge in Trading Volumes

Trading in Rajesh Exports Limited shares has seen a significant spike in volumes, prompting the stock exchange to seek clarification from the company. The bourse has requested updated, relevant information to safeguard investor interests and ensure an informed marketplace, and the market is currently awaiting the company’s response, leaving the cause of the unusual activity unclear for now.

Rajesh Exports Releases Q3 2025 Financial Results

Rajesh Exports Limited announced the approval of its unaudited financial results for the quarter ended September 30, 2025. The board of directors reviewed and approved these results, which were submitted to the Bombay Stock Exchange and the National Stock Exchange of India. The company also confirmed that the accompanying limited review report contains no modified opinion, indicating a clean review from the auditors.