Rajesh Exports Limited (IN:RAJESHEXPO)
:RAJESHEXPO
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Rajesh Exports Limited
(RAJESHEXPO)
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Rating:52Neutral
Price Target:
₹111.00
▼(-45.57% Downside)
Action:ReiteratedDate:03/21/26
The score is anchored by a solid balance sheet and strong recent revenue growth, but is held back by extremely low profit margins and cash-flow volatility. Technicals are a major drag due to a strong downtrend across moving averages and negative momentum, while valuation appears broadly neutral based on the P/E and lack of dividend data.
Positive Factors
Revenue Growth
Sustained high top-line growth indicates strong demand and market reach across the gold value chain. Over 2-6 months this supports scale benefits, better absorption of fixed costs and provides cash runway for reinvestment into capacity, product mix or geographic expansion.
Negative Factors
Extremely Low Profit Margins
Margins are effectively negligible, meaning the company captures almost no profit per unit of revenue despite strong sales. Structurally weak margins constrain retained earnings, limit reinvestment capacity and leave the business exposed to small cost or price shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high top-line growth indicates strong demand and market reach across the gold value chain. Over 2-6 months this supports scale benefits, better absorption of fixed costs and provides cash runway for reinvestment into capacity, product mix or geographic expansion.
Read all positive factors
Rajesh Exports Limited (RAJESHEXPO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹32.32B
Dividend YieldN/A
Average Volume (3M)38.59K
Price to Earnings (P/E)19.0
Beta (1Y)1.84
Revenue Growth112.02%
EPS Growth244.77%
CountryIN
Employees111
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)2.42
Shares Outstanding295,259,980
10 Day Avg. Volume25,020
30 Day Avg. Volume38,586
Financial Highlights & Ratios
PEG Ratio-0.84
Price to Book (P/B)0.37
Price to Sales (P/S)0.01
P/FCF Ratio0.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)47.97
Revenue Forecast (FY)₹4.00T
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. R...
How the Company Makes Money
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Rajesh Exports Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
70
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.03T | 4.23T | 2.81T | 3.40T | 2.43T | 2.58T |
| Gross Profit | 5.99B | 5.05B | 6.45B | 20.62B | 15.95B | 15.31B |
| EBITDA | 3.68B | 2.85B | 5.70B | 16.60B | 12.08B | 11.26B |
| Net Income | 1.32B | 948.70M | 3.36B | 14.32B | 10.09B | 8.45B |
Balance Sheet | ||||||
| Total Assets | 373.69B | 293.72B | 220.72B | 228.75B | 239.16B | 234.73B |
| Cash, Cash Equivalents and Short-Term Investments | 28.64B | 23.97B | 22.67B | 20.90B | 18.04B | 20.48B |
| Total Debt | 8.79B | 9.23B | 6.55B | 7.23B | 8.15B | 10.21B |
| Total Liabilities | 206.39B | 135.44B | 68.25B | 81.51B | 114.70B | 122.51B |
| Stockholders Equity | 165.83B | 156.81B | 152.47B | 147.24B | 124.46B | 112.21B |
Cash Flow | ||||||
| Free Cash Flow | 7.09B | 77.38B | 2.48B | -2.59B | -920.29M | -102.78B |
| Operating Cash Flow | 8.75B | 77.38B | 3.16B | 4.63B | -43.81M | -102.52B |
| Investing Cash Flow | -6.21B | -85.61B | -1.18B | -8.49B | -1.58B | 741.26M |
| Financing Cash Flow | -1.00B | 1.88B | -2.08B | -1.86B | -3.26B | -4.29B |
Rajesh Exports Limited Technical Analysis
Neutral
203.95
Price Trends
133.91
Negative
160.01
Negative
174.44
Negative
Market Momentum
-9.41
Negative
50.84
Neutral
97.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAJESHEXPO, the sentiment is Neutral. The current price of 203.95 is above the 20-day moving average (MA) of 97.30, above the 50-day MA of 133.91, and above the 200-day MA of 174.44, indicating a neutral trend. The MACD of -9.41 indicates Negative momentum. The RSI at 50.84 is Neutral, neither overbought nor oversold. The STOCH value of 97.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:RAJESHEXPO.
Rajesh Exports Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹52.98B | 4.93 | ― | 0.31% | 20.18% | 16.17% | |
66 Neutral | ₹9.45B | 3.41 | ― | 1.38% | 14.86% | 48.09% | |
66 Neutral | ₹128.63B | 23.90 | ― | 0.37% | 35.04% | 80.12% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ₹72.45B | 9.16 | ― | ― | 190.41% | 2939.51% | |
52 Neutral | ₹32.32B | 18.97 | ― | ― | 112.02% | 244.77% | |
41 Neutral | ₹266.28M | -23.75 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
IN:RAJESHEXPO
Rajesh Exports Limited
109.46
-82.19
-42.89%
IN:GOENKA
Goenka Diamond & Jewels Ltd.
0.84
-0.11
-11.58%
IN:PCJEWELLER
PC Jeweller Ltd.
9.16
-4.68
-33.82%
IN:SENCO
Senco Gold Limited
323.40
-8.66
-2.61%
IN:TBZ
Tribhovandas Bhimji Zaveri Limited
141.60
-53.04
-27.25%
IN:THANGAMAYL
Thangamayil Jewellery Ltd.
4,138.35
2,100.81
103.11%
Rajesh Exports Limited Corporate Events
Rajesh Exports Files Share Capital Reconciliation for June 2025 Quarter
Jan 22, 2026
Rajesh Exports Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter ended June 30, 2025 to the National Stock Exchange of India and the Bombay Stock Exchange in compliance with Regulation 76 of the SEBI (Depositor...
Rajesh Exports Files Share Capital Reconciliation Report for September 2025 Quarter
Jan 22, 2026
Rajesh Exports Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter ended 30 September 2025 to the National Stock Exchange of India and the Bombay Stock Exchange, in compliance with Regulation 76 of the SEBI (Depo...
Rajesh Exports Submits Pending Shareholding Patterns to NSE and BSE
Jan 14, 2026
Rajesh Exports Limited has notified the National Stock Exchange of India that it has submitted its previously pending shareholding pattern disclosures for the quarters ended June 2025 and September 2025 to both NSE and BSE. The clarification respo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.