1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Luxury Goods
Rajesh Exports Limited

Rajesh Exports Limited

RAJESHEXPO.NS
Rajesh Exports LimitedIN flagNational Stock Exchange of India
93.67
INR
+0.28
- -
27.66BMarket Cap
Rajesh Exports Limited
RAJESHEXPO.NS
(National Stock Exchange of India)

Recent

price

93.67

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
695.52
868.96
1,057.64
989.17
1,709.04
5,594.35
8,200.64
6,356.23
5,952.83
6,624.68
8,748.41
8,234.37
11,504.76
9,506.07
14,315.89
- -
26,298.3
Revenue per Share
8.4
13.97
15.33
12.11
22.18
36.21
42.12
42.87
43.76
40.84
28.61
34.18
48.51
11.41
3.21
- -
3.8
Basic EPS, GAAP
22.96
-10.02
96.46
-88.69
136.41
30.68
83.69
-98.99
110.02
82.36
-348.11
-3.12
-8.76
2.44
261.81
- -
- -
Free Cash Flow per Basic Share
0.77
0.6
1
1
1.2
1.2
- -
1.1
1
1
1
1
0.46
- -
- -
- -
- -
Dividend per Share
2.09
8.35
20.41
29.26
47.95
80.54
120.41
162.17
204.94
244.78
272.41
305.59
353.65
365.06
367.92
- -
1
Book Value per Share
54.09
67.46
81.78
92.91
113.85
140.06
178.44
221.35
277
332.1
355.37
395.27
470.01
487.16
505.28
- -
558.65
Tangible Book Value per Share
295
295
295
295
295
295
295
295
295
295
295
295
295
295
296
- -
296
Basic Weighted Avg Shares
205,338
256,539
312,260
291,972
504,629
1,651,787
2,421,320
1,876,861
1,757,631
1,956,002
2,583,056
2,431,279
3,396,895
2,806,764
4,230,993
7,787,160
7,787,160
Sales/Revenue/Turnover
1.69
2.36
2.52
3.21
2.76
1.13
0.75
1.04
1.07
0.83
0.43
0.49
0.47
0.11
0.03
0.01
0.01
Operating Margin (%)
20
21
21
164
622
790
646
680
743
726
904
909
1,006
644
454
524
524
Depreciation Expense
2,480
4,124
4,526
3,575
6,549
10,690
12,436
12,659
12,921
12,058
8,449
10,092
14,323
3,368
949
1,125
1,125
Net Income, GAAP
7.74
4.5
7.56
11.46
9.8
3.88
4.55
5.66
3.98
4.39
5.48
2.81
3.12
8.53
11.23
31.55
31.55
Effective Tax Rate (%)
1.21
1.61
1.45
1.22
1.3
0.65
0.51
0.67
0.74
0.62
0.33
0.42
0.42
0.12
0.02
0.01
0.01
Profit Margin (%)
15,262
19,246
23,486
25,265
30,029
30,347
41,031
51,400
64,562
79,136
87,562
99,011
114,585
119,353
38,034
43,279
43,279
Working Capital
25,304
- -
- -
- -
- -
4,975
3,498
2,442
1,255
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
15,968
19,915
24,146
27,425
33,616
47,832
58,841
71,746
88,400
105,339
112,214
124,457
147,236
152,469
158,284
174,167
174,167
Total Equity
6.47
9.73
14
15.08
19.22
21.02
16
13.18
11.55
11.57
8.78
9.1
10.65
1.86
0.66
0.21
0.21
Return on Invested Capital (%)
11.1
17.36
21.13
17.94
23.14
25.01
18.5
14.85
13.05
13.46
11.13
11.53
14.38
4.1
1.82
3.41
3.41
Return on Capital (%)
562.29
267.65
106.6
48.76
57.47
56.35
41.92
30.34
23.84
18.16
11.07
11.83
14.72
3.17
0.88
2.06
2.06
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
8,790
- -
10,159
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
295
- -
295
Market Capitalization
52,935
53,578
23,801

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
245,820
- -
276,423
Cash, Cash Equivalents & STI
28,638
- -
29,444
Accounts Receivable, Net
63,971
- -
64,422
Inventories
150,285
- -
177,465
Total Current Liabilities
204,868
- -
233,145
Payables & Accruals
- -
- -
- -
ST Debt
8,790
- -
10,159
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.04%
9.32%
10.03%
Free Cash Flow
969.79%
2,100.47%
-95.2%
Net Income, GAAP
-8.48%
-13.67%
18.58%
Sales/Revenue/Turnover
21.24%
30.25%
84.05%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
856,886
380,659
654,769
914,450
2,806,764
2025
603,555
669,237
966,305
1,991,897
4,230,993
2026
1,315,418
1,752,118
2,350,983
2,368,642
7,787,160

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10.48
1.53
0.42
- -
11.41
2025
0.4
1.54
1.2
0.07
3.21
2026
-0.32
3.52
2.42
-1.81
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Goldiam International Limited (GOLDIAM.BO)
Rajesh Exports Limited (RAJESHEXPO.BO)
JS Beauty Land Network Technology Inc. (JSBL)
EDP Corporation (7794.T)
Fujian Ideal Jewellery Industrial Co., Ltd. (002740.SZ)
Primo Global Holdings Co., Ltd. (367A.T)
Business
Rajesh Exports Limited (RAJESHEXPO.NS) is one of the world's largest manufacturers and exporters of gold and diamond jewelry products, along with refined gold and silver. The company produces a wide range of finished gold jewelry items including necklaces, bangles, earrings, rings, and bracelets under brands such as Shubh Jewellers and its private labels; diamond jewelry featuring natural and lab-grown diamonds; gold bars, coins, and biscuits in various purities; silver products like coins and artifacts; and custom jewelry design and manufacturing services for wholesalers and retailers. It also offers gold refining services processing raw gold into high-purity forms, gemstone cutting and polishing, and wholesale distribution through its global network. Operations span manufacturing facilities in India, Dubai, and Hong Kong, with sales to markets across the Middle East, United States, Europe, Asia, and Africa. Founded in 1989 and headquartered in Bangalore, India, the company maintains subsidiaries including Rajesh Exports Special Economic Zone Limited and operates the world's largest gold refining facility. In recent developments within the last two years, Rajesh Exports expanded its lab-grown diamond production capacity through new facility investments, formed strategic partnerships with international jewelry retailers for exclusive supply agreements, and completed a major acquisition of a diamond processing unit in Surat to enhance vertical integration; additionally, it announced a significant funding round via qualified institutional placement to support global expansion amid rising demand for sustainable jewelry.