Rajesh Exports Ltd

Rajesh Exports Ltd

₹ 301 -0.12%
28 May - close price
About

Incorporated in 1989, Rajesh Exports Ltd is a manufacturer of Gold and Gold Products[1]

Key Points

Business Overview:[1][2]
Company is a gold refiner, manufacturer and exporter of Gold products. It is the only company in the world with presence across the entire value chain of Gold from refining to retailing, processing 35% of gold produced in the world. Company's manufacturing and R&D facilities are at Bangalore and the main refining facility is at Balerna, Switzerland. It has a design portfolio of 29000 active jewelry designs, selling them in wholesale and retail channels

  • Market Cap 8,898 Cr.
  • Current Price 301
  • High / Low 669 / 259
  • Stock P/E
  • Book Value 172
  • Dividend Yield 0.00 %
  • ROCE 2.00 %
  • ROE 0.61 %
  • Face Value 1.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -29.7% over past five years.
  • Company has a low return on equity of 1.02% over last 3 years.
  • Company has high debtors of 253 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
442.62 1,133.68 1,472.36 1,527.13 1,576.22 1,660.80 1,298.07 1,331.43 1,634.18 1,497.87 1,465.66 1,602.08 1,006.12
408.65 1,097.88 1,432.26 1,476.27 1,521.35 1,787.18 1,267.36 1,290.85 1,574.27 1,605.42 1,407.29 1,586.76 998.45
Operating Profit 33.97 35.80 40.10 50.86 54.87 -126.38 30.71 40.58 59.91 -107.55 58.37 15.32 7.67
OPM % 7.67% 3.16% 2.72% 3.33% 3.48% -7.61% 2.37% 3.05% 3.67% -7.18% 3.98% 0.96% 0.76%
0.47 0.27 0.16 1.22 0.00 10.51 0.77 0.45 0.45 7.59 0.23 0.89 0.29
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.28 0.15 0.24 0.24 0.24 0.19 0.24 0.21 0.21 0.03 0.17 0.17 0.17
Profit before tax 34.16 35.92 40.02 51.84 54.63 -116.06 31.24 40.82 60.15 -99.99 58.43 16.04 7.79
Tax % 0.00% 12.05% 0.00% 0.00% 0.00% -7.23% 0.00% 0.00% 0.00% -1.84% 1.20% 10.16% 10.40%
34.16 31.59 40.02 51.84 54.63 -124.45 31.24 40.82 60.15 -101.83 57.73 14.41 6.98
EPS in Rs 1.16 1.07 1.36 1.76 1.85 -4.21 1.06 1.38 2.04 -3.45 1.96 0.49 0.24
Raw PDF
Upcoming result date: 30 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
25,654 31,226 23,537 37,919 38,586 44,948 33,660 42,671 46,899 2,060 6,236 5,762 5,572
25,047 30,437 22,920 37,170 37,803 44,153 32,778 41,934 46,252 1,820 6,133 5,658 5,598
Operating Profit 607 789 618 749 783 795 883 737 648 240 104 104 -26
OPM % 2% 3% 3% 2% 2% 2% 3% 2% 1% 12% 2% 2% -0%
196 3 1 4 37 44 38 50 3 1 11 9 9
Interest 369 300 343 419 308 351 431 320 213 137 84 80 0
Depreciation 2 2 2 2 2 2 1 1 1 1 1 1 1
Profit before tax 432 490 273 333 510 486 489 466 436 104 30 32 -18
Tax % 4% 8% 17% 21% 7% 5% 10% 5% 7% 5% 25% 6%
412 453 227 264 475 461 441 442 403 99 23 30 -23
EPS in Rs 13.97 15.33 7.69 8.94 16.10 15.62 14.94 14.97 13.66 3.35 0.77 1.03 -0.76
Dividend Payout % 4% 7% 13% 11% 6% 7% 7% 7% 7% 30% 130% 0%
Compounded Sales Growth
10 Years: -16%
5 Years: -30%
3 Years: -50%
TTM: -6%
Compounded Profit Growth
10 Years: -24%
5 Years: -41%
3 Years: -58%
TTM: -393%
Stock Price CAGR
10 Years: 10%
5 Years: -15%
3 Years: -17%
1 Year: -46%
Return on Equity
10 Years: 7%
5 Years: 4%
3 Years: 1%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 30 30 30 30 30 30 30 30 30 30 30 30 30
Reserves 1,962 2,385 2,583 2,811 3,251 3,712 4,121 4,533 4,907 4,976 4,970 4,987 5,059
3,257 2,729 3,089 3,826 4,462 5,435 8,595 6,072 961 702 626 624 626
6,725 8,697 5,359 8,860 11,339 12,023 7,185 10,535 12,444 3,576 3,934 2,920 2,994
Total Liabilities 11,973 13,840 11,060 15,527 19,081 21,199 19,929 21,170 18,342 9,283 9,560 8,560 8,708
71 69 70 69 67 66 65 64 63 62 60 59 59
CWIP 0 0 0 0 1 1 2 0 0 0 0 0 0
Investments 3 3 117 168 636 732 720 2,602 2,592 2,510 2,554 2,554 2,554
11,898 13,767 10,873 15,290 18,377 20,400 19,143 18,503 15,686 6,711 6,946 5,947 6,095
Total Assets 11,973 13,840 11,060 15,527 19,081 21,199 19,929 21,170 18,342 9,283 9,560 8,560 8,708

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-294 2,849 -2,629 3,788 722 1,596 -2,855 3,728 3,924 -10,147 100 79
-2 -1 -116 -51 -469 -97 11 -12 -1,858 83 -41 1
335 -857 -12 283 292 622 2,696 -2,872 -5,354 -426 -189 -95
Net Cash Flow 40 1,991 -2,758 4,020 544 2,122 -148 844 -3,288 -10,490 -130 -15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 37 27 38 28 35 27 17 20 22 808 286 253
Inventory Days 9 9 8 5 4 4 12 5 5 68 24 24
Days Payable 91 97 83 86 109 99 79 91 98 715 235 187
Cash Conversion Cycle -45 -60 -37 -53 -70 -68 -50 -66 -71 162 75 90
Working Capital Days -38 -56 -25 -45 -62 -59 -39 -56 -62 426 141 155
ROCE % 17% 15% 11% 12% 11% 10% 8% 7% 8% 4% 2% 2%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.05% 54.05% 54.05% 54.05% 54.05% 54.05% 54.05% 54.05% 54.05% 54.05% 54.55% 54.55%
16.99% 16.80% 17.84% 17.72% 17.70% 17.62% 17.67% 17.60% 16.50% 15.38% 15.78% 15.08%
9.64% 10.47% 11.45% 11.43% 11.39% 11.35% 11.27% 11.26% 11.16% 11.08% 11.07% 11.08%
19.32% 18.68% 16.66% 16.80% 16.87% 16.97% 17.00% 17.08% 18.29% 19.49% 18.60% 19.28%
No. of Shareholders 41,90042,23636,40642,34145,10746,72540,13140,74273,7751,52,9382,09,6232,13,557

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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