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Rajesh Exports Limited
(RAJESHEXPO)
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Rating:55Neutral
Price Target:
₹65.00
▼(-26.90% Downside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by mixed financial performance: strong top-line growth is offset by sharply weaker profitability, thin margins, and volatile cash flows. Technicals remain a headwind with the stock below key longer-term moving averages and a negative MACD, while valuation is only moderately supportive due to a mid-range P/E and no dividend yield data.
Positive Factors
Strong Revenue Growth
Strong recent revenue growth indicates continued ability to scale gold and jewellery sales across the company’s markets. If maintained, this expanding top line can support greater operating scale, strengthen channel relevance, and provide a broader base for rebuilding profitability.
Negative Factors
Extremely Thin and Weaker Margins
Thin and declining margins leave limited room to absorb higher operating costs, pricing pressure, or changes in product mix. They also indicate that substantial revenue growth may generate only modest incremental profit, making durable earnings improvement dependent on better efficiency and mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong recent revenue growth indicates continued ability to scale gold and jewellery sales across the company’s markets. If maintained, this expanding top line can support greater operating scale, strengthen channel relevance, and provide a broader base for rebuilding profitability.
Read all positive factors
Rajesh Exports Limited (RAJESHEXPO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.69B
Dividend Yield0.28%
Average Volume (3M)22.71K
Price to Earnings (P/E)11.3
Beta (1Y)1.94
Revenue Growth79.55%
EPS Growth130.31%
CountryIN
Employees107
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)5.73
Shares Outstanding295,259,980
10 Day Avg. Volume30,045
30 Day Avg. Volume22,709
Financial Highlights & Ratios
PEG Ratio1.13
Price to Book (P/B)0.14
Price to Sales (P/S)0.00305
P/FCF Ratio5.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)47.97
Revenue Forecast (FY)₹4.00T
Rajesh Exports Limited Business Overview & Revenue Model
Company Description
Rajesh Exports Limited serves as a leading gold refiner that produces, distributes wholesale, and directly sells (retail) a diverse range of gold and diamond jewelry, as well as various other gold-based items, within India. The company manages its...
How the Company Makes Money
Rajesh Exports primarily makes money from the precious metals and jewellery value chain. Key revenue streams include: (1) Sale of gold and gold jewellery: The company generates revenue by selling refined gold, jewellery, and gold products (such as...
Rajesh Exports Limited Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
43
Neutral
| Breakdown | TTM | Mar 2026 | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.88T | 7.79T | 4.23T | 2.81T | 3.40T | 2.43T |
| Gross Profit | 5.71B | 4.12B | 5.05B | 6.45B | 20.62B | 15.95B |
| EBITDA | 3.87B | 3.80B | 2.85B | 5.70B | 16.60B | 12.08B |
| Net Income | 1.69B | 1.12B | 948.70M | 3.36B | 14.32B | 10.09B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 408.93B | 293.72B | 220.72B | 228.75B | 239.16B |
| Cash, Cash Equivalents and Short-Term Investments | 26.15B | 26.15B | 23.97B | 22.67B | 20.90B | 18.04B |
| Total Debt | 0.00 | 10.16B | 9.23B | 6.55B | 7.23B | 8.15B |
| Total Liabilities | -174.17B | 234.76B | 135.44B | 68.25B | 81.51B | 114.70B |
| Stockholders Equity | 174.17B | 172.69B | 156.81B | 152.47B | 147.24B | 124.46B |
Cash Flow | ||||||
| Free Cash Flow | 7.09B | 4.32B | 77.38B | 2.48B | -2.59B | -920.29M |
| Operating Cash Flow | 8.75B | 4.75B | 77.38B | 3.16B | 4.63B | -43.81M |
| Investing Cash Flow | -6.21B | -10.88B | -85.61B | -1.18B | -8.49B | -1.58B |
| Financing Cash Flow | -1.00B | 925.54M | 1.88B | -2.08B | -1.86B | -3.26B |
Rajesh Exports Limited Technical Analysis
Negative
88.92
Price Trends
79.20
Negative
88.98
Negative
118.64
Negative
Market Momentum
-4.25
Positive
27.03
Positive
12.36
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAJESHEXPO, the sentiment is Negative. The current price of 88.92 is above the 20-day moving average (MA) of 74.14, above the 50-day MA of 79.20, and below the 200-day MA of 118.64, indicating a bearish trend. The MACD of -4.25 indicates Positive momentum. The RSI at 27.03 is Positive, neither overbought nor oversold. The STOCH value of 12.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RAJESHEXPO.
Rajesh Exports Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹48.79B | 18.58 | ― | 0.90% | 27.01% | 55.10% | |
67 Neutral | ₹34.01B | 11.97 | ― | 3.68% | 10.41% | 73.41% | |
66 Neutral | ₹588.67B | 39.79 | ― | 0.45% | 45.75% | 78.91% | |
64 Neutral | ₹128.97B | 13.33 | ― | 0.64% | 36.47% | -8.71% | |
60 Neutral | ₹4.16T | 70.55 | ― | 0.33% | 45.05% | 55.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹18.69B | 11.29 | ― | 0.28% | 79.55% | 130.31% |
* General Sector Average
IN:RAJESHEXPO
Rajesh Exports Limited
65.37
-118.28
-64.41%
IN:GOLDIAM
Goldiam International Limited
313.55
29.02
10.20%
IN:KALYANKJIL
Kalyan Jewellers India Ltd.
553.20
89.94
19.41%
IN:PCJEWELLER
PC Jeweller Ltd.
13.20
0.54
4.27%
IN:TITAN
Titan Company Limited
4,590.00
1,195.49
35.22%
IN:VAIBHAVGBL
Vaibhav Global Ltd.
204.50
-17.05
-7.70%
Rajesh Exports Limited Corporate Events
Rajesh Exports Confirms Full SDD Compliance for June Quarter
Aug 31, 2026
Rajesh Exports Limited has reported on its compliance with Structured Digital Database requirements for the quarter ended June 30, 2026, under India’s Prohibition of Insider Trading Regulations. The chairman, Rajesh Mehta, certified that the...
Rajesh Exports Files Unaudited Q1 FY27 Consolidated Results After Limited Review
Aug 14, 2026
Rajesh Exports Limited’s board has approved the unaudited consolidated financial results for the quarter ended June 30, 2026, following a meeting held on August 14, 2026. The filing to the Bombay Stock Exchange and National Stock Exchange un...
Rajesh Exports Posts Q1 FY27 Unaudited Results Amid Heightened Regulatory Scrutiny
Aug 14, 2026
Rajesh Exports Limited has approved its unaudited standalone financial results for the quarter ended June 30, 2026, at a board meeting held on August 14, 2026. The results have been prepared in accordance with Indian Accounting Standard 34 and sub...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.