Rajesh Exports Limited
NSE: RAJESHEXPO · Gems, Jewellery And Watches
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.
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Key Metrics
P/E
16.8×
Q4 FY26 · consolidated
EV/EBITDA
3.4x
Q4 FY26 · consolidated
DEBT TO EQUITY
0.1x
Q4 FY26 · consolidated
Peers · Gems, Jewellery And Watches
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Rajesh Exports LimitedRAJESHEXPO | ₹2,023 Cr | 16.8× | 3.44 | — | 0.0% | 0.7% | 1.9% | -65.1% |
Shanti Gold International LimitedSHANTIGOLD | ₹2,211 Cr | 10.7× | 8.96 | — | 11.0% | 31.1% | 42.3% | +44.1% |
Motisons Jewellers LimitedMOTISONS | ₹2,149 Cr | 26.7× | 22.41 | 10.7% | 19.0% | 14.6% | 20.4% | -2.5% |
Shringar House of Mangalsutra LimitedSHRINGARMS | ₹2,027 Cr | 16.8× | 12.65 | — | 7.0% | 17.9% | 24.5% | +20.6% |
Deepa Jewellers LimitedDEEPA | ₹1,888 Cr | — | — | — | 8.0% | — | — | — |
Renaissance Global LimitedRGL | ₹1,830 Cr | 16.0× | 10.62 | 41.4% | 7.0% | 7.5% | 10.8% | +35.6% |
As of Q4 FY26
Financials
Rajesh Exports Limited
NSE: RAJESHEXPO · Gems, Jewellery And Watches
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.
Start your research today
Unlock AI insights, financials, peers and live data on Rajesh Exports Limited and 5,000+ companies — free.
Key Metrics
P/E
16.8x
Q4 FY26 · consolidated
EV/EBITDA
3.4x
Q4 FY26 · consolidated
DEBT TO EQUITY
0.1x
Q4 FY26 · consolidated
Peers · Gems, Jewellery And Watches
As of Q4 FY26