Is Rajesh Exports a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rajesh Exports Ltd is a average quality company .

Is Rajesh Exports undervalued or overvalued?

The key valuation ratios of Rajesh Exports Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Rajesh Exports share price return in the past 10 years?

Rajesh Exports Ltd share price has appreciated 3.6% annually (CAGR) over the past ten years.

Is Rajesh Exports a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rajesh Exports Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Rajesh Exports Ltd - Stock Valuation and Financial Performance

Name: Rajesh Exports
Brand: Rajesh Exports

BSE: 531500 | NSE: RAJESHEXPO | Diamond & Jewellery | Small Cap

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Rajesh Exports Share Price

₹232.80 -4.50 -1.90%
as on 21-Nov'24 16:59

10 Year X-Ray of Rajesh Exports:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	12.2%	11.4%	9.9%	8.4%	6.7%	7.9%	4.2%	2%	2%	2.9%	-
Value Creation Index ⓘ	-0.1	0.0	-0.3	-0.3	-0.5	-0.4	-0.7	-0.8	-0.9	-0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	37,919	38,586	44,948	33,660	42,671	46,899	2,060	6,237	5,762	5,401	4,826
Sales YoY Gr.	-	1.8%	16.5%	-25.1%	26.8%	9.9%	-95.6%	202.7%	-7.6%	-6.3%	-
Adj EPS ⓘ	8.9	16.1	15.6	14.9	15	13.7	3.4	0.8	1	0.6	-0.7
YoY Gr.	-	80.1%	-2.9%	-4.5%	0.5%	-9%	-75.5%	-76.7%	32.1%	-43.7%	-
BVPS (₹) ⓘ	96.2	111.1	126.7	140.6	154.5	167.2	169.6	169.3	169.9	170.5	171.7
Adj Net Profit ⓘ	264	475	462	441	443	403	98.8	23	30.4	17	-22
Cash Flow from Ops. ⓘ	3,788	722	1,596	-2,855	3,728	3,924	-10,147	100	41.9	133	-
Debt/CF from Ops. ⓘ	1	6.2	3.4	-3	1.6	0.2	-0.1	6.3	14.9	4.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-19.5%	-33.9%	37.9%	-6.3%
Adj EPS ⓘ	-26.2%	-47.8%	-44.3%	-43.7%
BVPSⓘ	6.6%	2%	0.2%	0.4%
Share Price	3.6%	-20%	-31.3%	-34.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	9.7	15.5	13.2	11.2	10.2	8.5	2	0.5	0.6	0.3	-0.4
Op. Profit Mgn % ⓘ	2	2	1.8	2.6	1.7	1.4	11.7	1.7	1.8	-0.2	-2
Net Profit Mgn % ⓘ	0.7	1.2	1	1.3	1	0.9	4.8	0.4	0.5	0.3	-0.5
Debt to Equity ⓘ	1.4	1.4	1.5	2.1	1.3	0.2	0.1	0.1	0.1	0.1	0
Working Cap Days ⓘ	38	52	54	66	41	33	932	363	373	309	133
Cash Conv. Cycle ⓘ	-38	-61	-64	-71	-52	-65	-1,021	75	86	100	70

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 37.88%

Return on Equity is Poor

Net Profit has been subdued in last 3 years -44.27%

Sales growth is not so good in last 4 quarters at -22.49%

Latest Financials - Rajesh Exports Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.7	1.3
TTM Sales (₹ Cr.)	4,826	2,84,201
BVPS (₹.) ⓘ	171.7	526.2
Reserves (₹ Cr.) ⓘ	5,039	15,507
P/BV ⓘ	1.38	0.45
PE ⓘ	0.00	183.04

From the Market
52 Week Low / High (₹)	232.50 / 402.00
All Time Low / High (₹)	1.70 / 1028.40
Market Cap (₹ Cr.)	7,007
Equity (₹ Cr.)	29.5
Face Value (₹)	1
Industry PE ⓘ	83.9

Management X-Ray of Rajesh Exports:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Rajesh Exports

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Price to Earnings

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Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Rajesh Exports

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	37,919	38,586	44,948	33,660	42,671	46,899	2,060	6,237	5,762	5,401
Operating Expenses ⓘ	37,170	37,803	44,153	32,778	41,936	46,252	1,820	6,133	5,658	5,410
Manufacturing Costs	1	1	1	2	2	1	1	0	0	1
Material Costs	37,144	37,757	44,106	32,731	41,895	46,236	1,812	6,065	5,652	5,357
Employee Cost	5	5	7	6	7	6	4	3	3	2
Other Costs ⓘ	19	39	39	39	31	8	3	65	2	50
Operating Profit ⓘ	749	783	795	883	735	648	240	103	104	-10
Operating Profit Margin (%)	2.0%	2.0%	1.8%	2.6%	1.7%	1.4%	11.7%	1.7%	1.8%	-0.2%
Other Income ⓘ	4	37	44	38	52	3	1	12	9	175
Interest ⓘ	419	308	351	431	320	213	137	84	80	138
Depreciation ⓘ	2	2	2	1	1	1	1	1	1	1
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	333	510	486	489	466	436	104	30	32	27
Tax ⓘ	69	35	25	47	23	33	5	8	2	10
Profit After Tax	264	475	461	441	442	403	99	23	30	17
PAT Margin (%)	0.7%	1.2%	1.0%	1.3%	1.0%	0.9%	4.8%	0.4%	0.5%	0.3%
Adjusted EPS (₹)	8.9	16.1	15.6	14.9	15.0	13.7	3.4	0.8	1.0	0.6
Dividend Payout Ratio (%)	11%	6%	7%	7%	7%	7%	30%	130%	97%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	2,840	3,280	3,742	4,150	4,563	4,936	5,006	4,999	5,016	5,035
Share Capital ⓘ	30	30	30	30	30	30	30	30	30	30
Reserves ⓘ	2,811	3,251	3,712	4,121	4,533	4,907	4,976	4,970	4,987	5,005
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	3,826	4,462	5,435	8,595	6,072	961	702	626	624	654
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	3,826	4,462	5,435	8,595	6,072	961	702	626	624	654
Trade Payables	8,725	11,275	11,976	7,102	10,475	12,385	3,549	3,905	2,891	1,386
Others Liabilities ⓘ	134	64	47	82	60	59	26	29	28	33
Total Liabilities ⓘ	15,527	19,080	21,199	19,929	21,170	18,342	9,283	9,560	8,560	7,108
Fixed Assets
Gross Block	92	92	93	93	90	90	90	88	88	88
Accumulated Depreciation	23	25	26	28	25	27	28	28	29	29
Net Fixed Assetsⓘ	69	67	66	65	64	63	62	60	59	59
CWIP ⓘ	0	1	1	2	0	0	0	0	0	0
Investmentsⓘ	168	636	732	720	2,602	2,592	2,510	2,554	2,554	2,590
Inventories	482	399	532	1,051	625	580	340	393	378	384
Trade Receivables	2,911	3,669	3,345	1,597	2,353	2,790	4,563	4,894	3,991	2,501
Cash Equivalents	11,108	11,652	13,774	13,626	14,470	11,182	693	562	547	712
Others Assetsⓘ	789	2,656	2,749	2,869	1,055	1,134	1,116	1,097	1,031	862
Total Assets ⓘ	15,527	19,080	21,199	19,929	21,170	18,342	9,283	9,560	8,560	7,108

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	3,788	722	1,596	-2,855	3,728	3,924	-10,147	100	42	133
PBT ⓘ	333	510	486	488	466	436	104	30	32	27
Adjustment ⓘ	421	310	353	432	321	214	138	84	49	-35
Changes in Working Capital ⓘ	3119	-11	846	-3699	3033	3346	-10382	-3	-31	-46
Tax Paid ⓘ	-84	-87	-89	-77	-91	-71	-6	-11	-8	187
Cash Flow From Investing Activity ⓘ	-51	-469	-97	11	-12	-1,858	83	-41	1	-35
Capex	0	-1	-1	-1	1	0	0	0	0	0
Net Investments	-51	-468	-95	12	-14	-1,859	82	-42	0	-36
Others ⓘ	0	0	0	0	0	1	0	1	1	1
Cash Flow From Financing Activityⓘ	283	292	622	2,696	-2,872	-5,354	-426	-189	-64	66
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-419	-308	-351	-431	-320	-213	-137	-84	-80	-138
Dividend Paid ⓘ	-30	-30	0	-32	-30	-30	-30	-30	-14	0
Others ⓘ	731	629	973	3,160	-2,522	-5,111	-259	-76	29	204
Net Cash Flow ⓘ	4,020	544	2,122	-148	844	-3,288	-10,490	-130	-21	165

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	9.68	15.53	13.14	11.18	10.15	8.49	1.99	0.45	0.61	0.34
ROCE (%)	12.15	11.35	9.9	8.39	6.72	7.85	4.15	2.02	2	2.91
Asset Turnover Ratio	2.85	2.23	2.23	1.64	2.08	2.37	0.15	0.66	0.64	0.69
PAT to CFO Conversion(x)	14.35	1.52	3.46	-6.47	8.43	9.74	-102.49	4.35	1.4	7.82
Working Capital Days
Receivable Days	26	31	28	27	17	20	651	277	281	219
Inventory Days	5	4	4	9	7	5	81	21	24	26
Payable Days	68	97	96	106	77	90	1,605	224	219	146

Rajesh Exports Ltd Stock News

Rajesh Exports Ltd FAQs

What is the share price of Rajesh Exports?

Company share prices are keep on changing according to the market conditions. The closing price of Rajesh Exports on 21-Nov-2024 16:59 is ₹232.8.

What is the market cap of Rajesh Exports?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Rajesh Exports stood at ₹7,006.5.

What is the P/E ratio of Rajesh Exports?

The latest P/E ratio of Rajesh Exports as of 21-Nov-2024 16:59 is 0.00.

What is the P/B ratio of Rajesh Exports?

The latest P/B ratio of Rajesh Exports as of 21-Nov-2024 16:59 is 1.38.

What is the 52-week high and low of Rajesh Exports?

The 52-week high of Rajesh Exports is ₹402.0 and the 52-week low is ₹232.5.

What is the TTM revenue of Rajesh Exports?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rajesh Exports is ₹4,826 ( Cr.) .

About Rajesh Exports Ltd

Rajesh Exports (REL) was incorporated in 1989. The company is a global leader in the Gold business. The company’s headquartered is in Bangalore, India with operations spread across the world. The only company in the world with presence across the entire value chain of Gold from refining to retailing. The company is among the largest processor of gold in the world. It is also one of the largest exporter of gold products from India. The company is among the lowest cost gold jewellery producer in the world. The company has world's finest gold products manufacturing and R&D facilities at various places, main facility being at Bangalore, India and the main refining facility being at Balerna, Switzerland. The company has extensive marketing network covering entire India and the major gold markets of the world. The company has one of the world's largest active jewellery design database. REL has developed several innovative technologies and processes in the manufacture of Jewellery. REL is a professionally managed company committed to the highest standards of corporate governance. The securities of REL are listed and traded in India on the NSE and BSE. REL securities are widely held, with some of the world's top institutions being the shareholders.

Business area of the company

The company is the largest Manufacturer of gold products in the world. The Company is also the largest refiner of gold in the world. The company exports its products to various countries around the world and also supplies its products in wholesale market and jewellery showrooms across India. It is the only Company with a presence across the value chain of gold from mining till its own retail brand. Rajesh Exports has set up many retail jewellery showrooms under the brand name of SHUBH Jewellers. SHUBH Jewellers is one of the most trusted household jewellery brand name in South India and is known for quality, designs and value for money prices of it products.

Subsidiaries of the company

REL Singapore Pte. Ltd.

Awards

2019

Export Excellence Awards - 2019, Star Exporter Award-Merchant Gold, from FKCCI

2017

SWARNA RATNA AWARD by Jewellers Association, Bangalore STAR EXPORT AWARD

2016

EXPORT EXCELLENCE AWARD 2015-2016 by FIEO (Federation of Indian Export Organisations) for ‘best & brightest’ entrepreneurs and INDUSTRY ACHIEVEMENT AWARD 2016

2014

Rajesh Exports awarded the Swarna Ratna Award by The Jewellers Association.

2013

Rajesh Exports awarded the Special Recognition Certificate in Export Excellence Awards by Federation of Karnataka Chambers of Commerce & Industry.
Rajesh Exports awarded for the Highest Jewellery Exports From Kerala by Kerala Gem and Jewellery Show.
Rajesh Exports awarded the Swarna Ratna Award by The Jewellers Association.

2012

Rajesh Mehta was conferred the Jain Bhushan Award, by Jain Social Groups International Federation.
Rajesh Exports awarded for Export Excellence by The Jewellers Association.

2011

Rajesh Exports awarded Special Recognition Certificate by Federation of Karnataka Chambers of Commerce and Industry.

2010

Rajesh Exports awarded the Star Exporter Award (Manufacturer Category) from Federation of Karnataka Chambers of Commerce & Industry.
Prashant Mehta was conferred the Rotary Business Trend Setter, by Rotary Bangalore Peenya.
Rajesh Exports awarded the Excellence Award by State Bank of India.
Rajesh Exports awarded for Excellence in Exports by The Jewellers Association.

2009

Rajesh Exports awarded the State Export Excellence Award by Government of Karnataka.
Rajesh Exports awarded for Best Manufacturer Exporter by Federation of Karnataka Chambers of Commerce and Industry.
Rajesh Exports awarded for best SEZ in India by Export Promotion Council for EOUs and SEZ's.

2008

Rajesh Exports awarded the Star Exporter Award (Manufacturer Category) by Federation of Karnataka Chambers of Commerce & Industry.
Rajesh Exports awarded the State Export Excellence Award by Government of Karnataka.
Rajesh Mehta was conferred the Jeweller of the Year by Expoworld and The Jewellers Association.
Rajesh Exports awarded 1st Place in The Export Excellence Awards by The Jewellers Association.
Rajesh Exports awarded for best EOU in India by Export Promotion Council for EOUs and SEZ's.

2007

Rajesh Exports awarded the Star Exporter Award (Manufacturer Category) by Federation of Karnataka Chambers of Commerce & Industry.
Rajesh Exports awarded 1st Place in The Export Excellence Awards by The Jewellers Association.
Rajesh Mehta was conferred the Jeweller of the Year by The Jewellers Association.
Rajesh Exports awarded the State Export Excellence Award by Government of Karnataka.
Rajesh Exports awarded for Overall Excellence in Plain Gold Jewellery by The Gem and Jewellery Export Promotion Council.

2006

Rajesh Exports awarded the Export Execellence Award by Federation of Karnataka Chambers of Commerce and Industry.
Rajesh Exports ranked 1st in Dun & Bradstreet's India's Top 500 Companies 2006 (Gems and Jewellery Segment).
Rajesh Exports awarded Niryat Shree Bronze Trophy by Federation of Indian Export Organisations (Gems & Jewellery).
Rajesh Exports awarded Niryat Shree Silver Trophy by Federation of Indian Export Organisations (Highest Foreign Exchange Earner).
Rajesh Exports awarded for Overall Excellence in Plain Gold Jewellery by The Gem and Jewellery Export Promotion Council.
Rajesh Exports awarded for Overall Excellence in Plain Precious Metal Jewellery by The Gem and Jewellery Export Promotion Council.
Rajesh Exports awarded the State Export Excellence Award by Government of Karnataka.

2005

SWARNA RATNA AWARD by Jewellers Association, Bangalore
Rajesh Exports awarded 1st Place in The Export Appreciation Awards by The Jewellers Association.
Rajesh Exports awarded Niryat Shree Gold Trophy by Federation of Indian Export Organisations (Gems & Jewellery).
Rajesh Exports awarded for Overall Excellence in Plain Gold Jewellery by The Gem and Jewellery Export Promotion Council.

2004

Rajesh Exports awarded the Certificate of Merit for standing first in Plain Precious Metal Jewellery Exports by The Gem and jewellery Export Promotion Council.
Rajesh Exports awarded 1st Place in The Export Excellence Awards by The Jewellers Association.
Rajesh Exports awarded State Award for Excellence in Exports by Government of Karnataka.

2003

Rajesh Exports awarded 1st Place in The Export Excellence Awards by The Jewellers Association.

2002

Rajesh Exports awarded for Outstanding Export Performance of Plain Gold Jewellery by The Gem and Jewellery Export Promotion Council.
Rajesh Exports awarded for Export Excellence by The Jewellers Association.

2001

Rajesh Exports awarded the Certificate of Merit for standing third in Plain Gold Jewellery Exports by The Gem and jewellery Export Promotion Council.
Rajesh Exports awarded for Export Excellence by The Jewellers Association.

1999

Rajesh Exports awarded for Outstanding Export Performance of Studded Gold Jewellery by The Gem and Jewellery Export Promotion Council.

1998

Rajesh Exports awarded for Outstanding Export Performance of Plain Gold Jewellery by The Gem and Jewellery Export Promotion Council.

1997

Rajesh Exports awarded for Outstanding Export Performance of Plain Gold Jewellery by The Gem and Jewellery Export Promotion Council.

1996

Rajesh Exports awarded State Award for Excellence in Exports by Government of Karnataka.
Rajesh Exports awarded for Outstanding Export Performance of Studded Gold Jewellery by The Gem and Jewellery Export Promotion Council.
Rajesh Exports awarded for Excellence in Exports by Canara Bank
Rajesh Exports awarded for Outstanding Export Performance of Plain Gold Jewellery by The Gem and Jewellery Export Promotion Council.

1995

Rajesh Exports awarded for Outstanding Export Performance of Studded Gold Jewellery by The Gem and Jewellery Export Promotion Council.
Rajesh Exports awarded the Export Excellence award for Highest Exports by The Jewellers Association.
Rajesh Exports awarded for Excellence in Exports by Canara Bank
Rajesh Exports awarded the State Export Excellence Award by Government of Karnataka.

Milestones

1988: Brothers Rajesh Mehta and Prashanth Mehta joined family retail business.
1990: Established the first organized gold jewellery manufacturing facility in India.
1991: Established India's first R&D facility in the jewellery sector.
1994: Emerged as the largest exporter and wholesaler of gold jewellery in India.
1995: Initial Public Offer (IPO) of securities to fund expansion of manufacturing facility.
1995: IPO overwhelmingly subscribed and REL securities listed and traded on the BSE and NSE.
1996: Successfully implemented the expansion plan.
1999: Plans to set up world's largest manufacturing facility.
2002: Completed the construction of the World's Largest manufacturing facility.
2003: Begins commercial production in the World’s largest manufacturing facility.
2006: Sales of over $1 Billion.
2010: Sales of over $4 Billion.
2012: Launched the retail Gold Revolution in the state of Karnataka through SHUBH Jewellers.
2012: Established branded retail chain stores under the name of ‘SHUBH Jewellers’.
2013: Established India’s largest Gold refinery in the state of Uttaranchal, thereby becoming the only player across the value chain of gold in the World.
2014: Launched 80 SHUBH Jewellers showrooms in the state of Karnataka.
2015: Acquired the world's largest gold refinery, Valcambi.
2015: Sales of over $8 Billion.
2016: Sales of over $24 Billion.
2016: Launched 81 Jewellery Showroom in the state of Karnataka
2019: Launched 82nd Jewellery Showroom in the state of Karnataka