Rajesh Exports Limited

NSE: RAJESHEXPO · Gems, Jewellery And Watches

52W Range₹73 ₹238

Snapshot

Unlock Rajesh Exports Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Rajesh Exports Limited is a prominent gold refiner and manufacturer of gold and diamond jewellery. The company operates across the entire value chain, including refining, manufacturing, wholesaling, and retailing through its SHUBH Jewellers brand.

Business Model

The company generates revenue through the refining of gold and the sale of jewellery products in both domestic and international markets. It leverages a vertically integrated model to manage costs and maintain supply chain control.

  • Incorporation Year:1989

Growth Outlook

Growth is driven by the expansion of the SHUBH Jewellers retail footprint and the company's established presence in global gold export markets.

Key Risks

  • Gold Price Volatility. Fluctuations in global gold prices can significantly impact the company's inventory valuation and profit margins.
  • Regulatory and Import Duty Risks. Changes in government policies regarding gold import duties and trade regulations can adversely affect operational costs and export competitiveness.
  • Foreign Exchange Risk. As a significant exporter, the company is exposed to currency fluctuations that may impact its financial performance.
  • Competitive Intensity. The gems and jewellery sector in India is highly fragmented and competitive, posing challenges to maintaining market share and pricing power.

Price

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Key Metrics

P/E

10.8x

Q4 FY26 · consolidated

10.8 vs 70.8x5Y avg

EV/EBITDA

5.6x

Q4 FY26 · consolidated

5.6 vs 33.0x5Y avg

NET PROFIT MARGIN

22291.7%

Q4 FY26 · consolidated

-13208.3 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

-0.05xYoY

Peers · Gems, Jewellery And Watches

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Rajesh Exports LimitedRAJESHEXPO
2,51810.775.570.1%1192800.0%2037200.0%-58.0%
Vaibhav Global LimitedVAIBHAVGBL
3,32415.769.989.2%10.8%18.7%18.8%+4.1%
Goldiam Intl.GOLDIAM
3,24223.3520.8625.1%24.9%20.5%27.0%+3.2%
KDDL LimitedKDDL
2,67136.918.9258.9%16.9%17.2%15.4%+16.7%
D. P. Abhushan LimitedDPABHUSHAN
2,29414.2710.6322.8%7.6%45.9%62.0%-15.2%
Shringar HouseSHRINGARMS
1,77216.6211.797.3%17.0%23.3%

As of Q4 FY26

Financials