Rajesh Exports Ltd.

•

rajeshindia.comBSE: 531500NSE: RAJESHEXPO

Market Cap₹ 2,358 Cr.

Current Price

High / Low₹ 238 / 73

Stock P/E87.8

Book Value₹ 173

Price to Book1.08

Dividend Yield0.00 %

ROCE2.8 %

ROE0.5 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.27x)
Working capital cycle has improved - days down from 159 to 117
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (199.7% of PBT)
Company has a low return on equity of 0.5% over last 3 years
Company has a low return on capital employed of 2.6%
Interest coverage is weak at 1.2x - earnings barely cover interest
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TITAN	4999.85	77.06	443879.76	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	612.45	44.08	63250.83	0.41	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	318.80	17.67	17843.55	0.00	—	—	—	—	43.11	—
4.	THANGAMAYL	5370.00	42.68	16691.05	0.34	85.09	86.15	2666.38	71.44	26.62	5.43
5.	BLUESTONE	868.90	235.71	13274.94	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	PCJEWELLER	13.53	17.03	13194.64	0.00	221.88	37.02	877.04	20.99	9.68	27.54
7.	SKYGOLD	819.45	37.88	12691.14	0.00	104.90	140.67	2012.79	77.93	27.61	7.79
8.	AUGMONT	893.65	24.45	8165.59	0.00	—	—	—	—	70.86	—
9.	SENCO	361.75	10.39	5929.12	0.48	1011.43	866.46	30560.27	1573.37	22.86	6.97
10.	GOLDIAM	338.65	24.18	5098.62	0.61	73.97	120.06	326.03	41.92	24.85	20.33
11.	TBZ	545.70	17.04	3641.49	0.46	33.92	50.76	840.97	34.78	23.29	8.60
12.	RAJESHEXPO	79.85	13.95	2357.65	0.00	471.92	5050.38	2403357.15	1727.07	1.47	0.02

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,466	1,602	1,006	1,327	731	1,762	2,619	1,915	1,427	3,365	1,956	2,441	1,318
	1,407	1,587	998	1,513	692	1,717	2,592	1,923	1,376	3,316	1,911	2,498	1,313
Operating Profit	58	15	8	-186	39	46	27	-8	50	49	45	-57	5
OPM %	3.98%	0.96%	0.76%	-14.04%	5.36%	2.58%	1.03%	-0.41%	3.51%	1.46%	2.31%	-2.33%	0.39%
	0	1	0	175	11	10	13	24	9	9	9	75	10
Interest	0	0	0	42	30	32	33	37	38	37	38	39	1
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	58	16	8	-54	20	23	7	-21	22	22	16	-21	15
Tax %	1.20%	10.16%	10.40%	-13.26%	30.02%	15.03%	6.25%	21.57%	17.95%	18.06%	18.02%	19.50%	17.13%
Net Profit	58	14	7	-61	14	20	7	-16	18	18	13	-17	12
	1.96	0.49	0.24	-2.05	0.46	0.57	0.22	-0.55	0.59	0.61	0.46	-0.58	0.42

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	38,586	44,948	33,660	42,671	46,899	2,060	6,236	5,762	5,401	7,027	9,080
	37,803	44,153	32,778	41,936	46,252	1,820	6,133	5,658	5,410	6,923	9,038
Operating Profit	783	795	883	735	648	240	103	104	-10	104	43
OPM %	2.03%	1.77%	2.62%	1.72%	1.38%	11.67%	1.66%	1.80%	-0.18%	1.48%	0.47%
	37	44	38	52	3	1	12	9	177	58	103
Interest	308	351	431	320	213	137	84	80	138	132	114
Depreciation	2	2	1	1	1	1	1	1	1	1	1
Profit before Tax	510	486	489	466	436	104	30	32	29	29	32
Tax %	6.82%	5.08%	9.67%	5.04%	7.48%	4.69%	25.23%	5.71%	35.91%	18.28%	16.65%
Net Profit	475	461	441	442	403	99	23	30	18	24	27
EPS	16.10	15.62	14.94	14.97	13.65	3.36	0.77	1.04	0.62	0.80	—
Dividend Payout %	6.21%	7.04%	6.69%	6.68%	7.32%	29.89%	130.33%	97.18%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -16%
5 Years:: -32%
3 Years:: 4%

COMPOUNDED PROFIT GROWTH

10 Years:: -21%
5 Years:: -43%
3 Years:: 2%

STOCK PRICE CAGR

10 Years:: -16%
5 Years:: -34%
3 Years:: -47%
1 Year:: -60%

RETURN ON EQUITY

10 Years:: 6%
5 Years:: 1%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	30	30	30	30	30	30	30	30	30	30
	3,251	3,712	4,121	4,533	4,907	4,976	4,970	4,987	5,005	5,029
	4,469	5,442	8,601	6,079	967	708	632	631	660	925
Trade Payables	11,275	11,976	7,102	10,475	12,385	3,549	3,905	2,891	1,386	1,464
	57	40	76	54	53	20	23	22	26	18
Total Liabilities	19,080	21,199	19,929	21,170	18,342	9,283	9,560	8,560	7,108	7,466
	67	66	65	64	63	62	60	59	59	58
Capital Work in Progress	1	1	2	0	0	0	0	0	0	0
	636	732	720	2,602	2,592	2,510	2,554	2,554	2,590	2,742
	399	532	1,051	625	580	340	393	378	384	522
	0	0	0	0	0	0	0	0	2,501	2,644
Cash & Bank	11,652	13,774	13,626	14,470	11,182	693	562	547	712	732
	6,325	6,094	4,466	3,408	3,924	5,679	5,991	5,022	862	768
Total Assets	19,080	21,199	19,929	21,170	18,342	9,283	9,560	8,560	7,108	7,466

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	809	1,685	-2,778	3,819	3,995	-10,140	111	50	131	-9
Cash from Investing	-469	-97	11	-12	-1,858	83	-41	1	-34	-151
Cash from Financing	292	622	2,696	-2,872	-5,354	-426	-189	-64	67	186
	544	2,122	-148	844	-3,288	-10,490	-130	-21	165	26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Mar 2026	Jun 2026
	54.55	54.55	54.55	54.55	54.55	54.55	54.55	54.55	54.55
	15.08	14.72	14.81	14.70	15.19	14.94	15.26	14.26	12.61
	11.08	11.12	11.09	11.12	10.98	10.95	10.96	10.80	10.83
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	19.29	19.61	19.55	19.63	19.29	19.56	19.23	20.40	22.02

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Clarification - Financial Results

2026-09-08 - The Exchange has sought clarification from Rajesh Exports Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-09-07

Change in Company Secretary/Compliance Officer

2026-09-07 - Rajesh Exports Limited has informed the Exchange about Change in Company Secretary/Compliance Officer

2026-08-31

Structural Digital Database

2026-08-31 - SDD Certificate for Quarter ended June 30, 2026

2026-08-14

Outcome of Board Meeting

2026-08-14 - Rajesh Exports Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-14

Outcome of Board Meeting

2026-08-14 - Rajesh Exports Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-27

News Verification

2026-07-27 - The Exchange has sought clarification from Rajesh Exports Limited with respect to recent news item captioned NFRA begins probe into Rajesh Exports over alleged financial misstatements. The response from the Company is attached.

2026-07-08

News Verification

2026-07-08 - The Exchange has sought clarification from Rajesh Exports Limited with respect to recent news item captioned NFRA begins probe into Rajesh Exports over alleged financial misstatements. The response from the Company is awaited.

2026-06-29

News Verification

2026-06-29 - The Exchange has sought clarification from Rajesh Exports Limited with respect to recent news item captioned ED searches Rajesh Exports in Bengaluru after SEBI order flags alleged financial misstatements: Sources. The response from the Company is attached.

2026-06-26

Rumour Verification - Regulation 30(11)

2026-06-26 - Rajesh Exports Limited has informed the Exchange about Rumour Verification - Regulation 30(11)

News

Recent coverage and analyst commentary for RAJESHEXPO

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Rajesh Exports Ltd.

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Free 5nance Account

Name

TITAN

4999.85

77.06

443879.76

0.30

1777.00

62.88

21356.00

44.16

21.90

13.54

KALYANKJIL

612.45

44.08

63250.83

0.41

348.67

32.03

10588.93

45.68

24.86

5.97

LALITHAA

318.80

17.67

17843.55

0.00

—

43.11

—

THANGAMAYL

5370.00

42.68

16691.05

0.34

85.09

86.15

2666.38

71.44

26.62

5.43

BLUESTONE

868.90

235.71

13274.94

0.00

59.61

271.56

7368.46

1395.59

9.24

14.50

PCJEWELLER

13.53

17.03

13194.64

0.00

221.88

37.02

877.04

20.99

9.68

27.54

SKYGOLD

819.45

37.88

12691.14

0.00

104.90

140.67

2012.79

77.93

27.61

7.79

AUGMONT

893.65

24.45

8165.59

0.00

—

70.86

—

SENCO

361.75

10.39

5929.12

0.48

1011.43

866.46

30560.27

1573.37

22.86

6.97

GOLDIAM

338.65

24.18

5098.62

0.61

73.97

120.06

326.03

41.92

24.85

20.33

TBZ

545.70

17.04

3641.49

0.46

33.92

50.76

840.97

34.78

23.29

8.60

RAJESHEXPO

79.85

13.95

2357.65

0.00

471.92

5050.38

2403357.15

1727.07

1.47

0.02

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,466

1,602

1,006

1,327

731

1,762

2,619

1,915

1,427

3,365

1,956

2,441

1,318

1,407

1,587

998

1,513

692

1,717

2,592

1,923

1,376

3,316

1,911

2,498

1,313

Operating Profit

-186

-8

-57

OPM %

3.98%

0.96%

0.76%

-14.04%

5.36%

2.58%

1.03%

-0.41%

3.51%

1.46%

2.31%

-2.33%

0.39%

175

Interest

Depreciation

Profit before Tax

-54

-21

Tax %

1.20%

10.16%

10.40%

-13.26%

30.02%

15.03%

6.25%

21.57%

17.95%

18.06%

18.02%

19.50%

17.13%

Net Profit

-61

-16

-17

1.96

0.49

0.24

-2.05

0.46

0.57

0.22

-0.55

0.59

0.61

0.46

-0.58

0.42

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

38,586

44,948

33,660

42,671

46,899

2,060

6,236

5,762

5,401

7,027

9,080

37,803

44,153

32,778

41,936

46,252

1,820

6,133

5,658

5,410

6,923

9,038

Operating Profit

783

795

883

735

648

240

103

104

-10

104

OPM %

2.03%

1.77%

2.62%

1.72%

1.38%

11.67%

1.66%

1.80%

-0.18%

1.48%

0.47%

177

103

Interest

308

351

431

320

213

137

138

132

114

Depreciation

Profit before Tax

510

486

489

466

436

104

Tax %

6.82%

5.08%

9.67%

5.04%

7.48%

4.69%

25.23%

5.71%

35.91%

18.28%

16.65%

Net Profit

475

461

441

442

403

EPS

16.10

15.62

14.94

14.97

13.65

3.36

0.77

1.04

0.62

0.80

—

Dividend Payout %

6.21%

7.04%

6.69%

6.68%

7.32%

29.89%

130.33%

97.18%

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

3,251

3,712

4,121

4,533

4,907

4,976

4,970

4,987

5,005

5,029

4,469

5,442

8,601

6,079

967

708

632

631

660

925

Trade Payables

11,275

11,976

7,102

10,475

12,385

3,549

3,905

2,891

1,386

1,464

Total Liabilities

19,080

21,199

19,929

21,170

18,342

9,283

9,560

8,560

7,108

7,466

Capital Work in Progress

636

732

720

2,602

2,592

2,510

2,554

2,590

2,742

399

532

1,051

625

580

340

393

378

384

522

2,501

2,644

Cash & Bank

11,652

13,774

13,626

14,470

11,182

693

562

547

712

732

6,325

6,094

4,466

3,408

3,924

5,679

5,991

5,022

862

768

Total Assets

19,080

21,199

19,929

21,170

18,342

9,283

9,560

8,560

7,108

7,466

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

809

1,685

-2,778

3,819

3,995

-10,140

111

131

-9

Cash from Investing

-469

-97

-12

-1,858

-41

-34

-151

Cash from Financing

292

622

2,696

-2,872

-5,354

-426

-189

-64

186

544

2,122

-148

844

-3,288

-10,490

-130

-21

165

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Mar 2026

Jun 2026

54.55

15.08

14.72

14.81

14.70

15.19

14.94

15.26

14.26

12.61

11.08

11.12

11.09

11.12

10.98

10.95

10.96

10.80

10.83

Government

0.00

19.29

19.61

19.55

19.63

19.29

19.56

19.23

20.40

22.02

Rajesh Exports Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Rajesh Exports Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI