Rajesh Exports Ltd
Incorporated in 1989, Rajesh Exports Ltd is a manufacturer of Gold and Gold Products[1]
- Market Cap ₹ 8,374 Cr.
- Current Price ₹ 284
- High / Low ₹ 515 / 259
- Stock P/E 220
- Book Value ₹ 516
- Dividend Yield 0.00 %
- ROCE 3.23 %
- ROE 2.24 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Stock is trading at 0.55 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.81% over past five years.
- Company has a low return on equity of 6.87% over last 3 years.
- Earnings include an other income of Rs.251 Cr.
- Dividend payout has been low at 1.66% of profits over last 3 years
- Company's cost of borrowing seems high
* 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.
Peer comparison
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
31,226 | 29,197 | 50,463 | 165,179 | 242,132 | 187,686 | 175,763 | 195,600 | 258,306 | 243,128 | 339,690 | 280,676 | 255,343 | |
30,437 | 28,414 | 49,196 | 163,452 | 240,382 | 185,802 | 173,967 | 194,051 | 257,182 | 241,949 | 338,054 | 280,348 | 255,364 | |
Operating Profit | 789 | 783 | 1,266 | 1,727 | 1,750 | 1,884 | 1,796 | 1,549 | 1,124 | 1,179 | 1,636 | 328 | -20 |
OPM % | 3% | 3% | 3% | 1% | 1% | 1% | 1% | 1% | 0% | 0% | 0% | 0% | -0% |
3 | 1 | 0 | 42 | 48 | 62 | 66 | 7 | 3 | 40 | 24 | 242 | 251 | |
Interest | 300 | 363 | 478 | 578 | 430 | 537 | 442 | 222 | 142 | 90 | 81 | 139 | 117 |
Depreciation | 2 | 16 | 62 | 79 | 65 | 68 | 74 | 73 | 90 | 91 | 101 | 64 | 44 |
Profit before tax | 490 | 404 | 726 | 1,112 | 1,303 | 1,342 | 1,346 | 1,261 | 894 | 1,038 | 1,478 | 367 | 69 |
Tax % | 8% | 11% | 10% | 4% | 5% | 6% | 4% | 4% | 5% | 3% | 3% | 9% | |
453 | 357 | 655 | 1,069 | 1,244 | 1,266 | 1,292 | 1,206 | 845 | 1,009 | 1,432 | 336 | 38 | |
EPS in Rs | 15.33 | 12.11 | 22.18 | 36.21 | 42.12 | 42.87 | 43.76 | 40.84 | 28.61 | 34.18 | 48.51 | 11.36 | 1.28 |
Dividend Payout % | 7% | 8% | 5% | 3% | 3% | 2% | 2% | 2% | 4% | 3% | 2% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 25% |
5 Years: | 10% |
3 Years: | 3% |
TTM: | -32% |
Compounded Profit Growth | |
---|---|
10 Years: | -1% |
5 Years: | -24% |
3 Years: | -27% |
TTM: | -97% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | -16% |
3 Years: | -21% |
1 Year: | -44% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
Reserves | 2,385 | 2,713 | 3,332 | 4,362 | 5,606 | 7,145 | 8,811 | 10,504 | 11,192 | 12,416 | 14,694 | 15,217 |
2,729 | 3,118 | 3,842 | 4,594 | 5,552 | 8,717 | 6,198 | 1,278 | 1,021 | 815 | 723 | 655 | |
8,697 | 5,378 | 8,877 | 11,956 | 12,943 | 7,643 | 13,803 | 18,916 | 11,230 | 10,655 | 7,428 | 6,170 | |
Total Liabilities | 13,840 | 11,238 | 16,081 | 20,941 | 24,131 | 23,535 | 28,841 | 30,728 | 23,473 | 23,916 | 22,875 | 22,072 |
69 | 168 | 264 | 1,287 | 1,199 | 1,289 | 1,452 | 1,521 | 1,447 | 1,449 | 2,038 | 2,071 | |
CWIP | 0 | 0 | 0 | 62 | 88 | 5 | 2 | 1 | 12 | 6 | 38 | 9 |
Investments | 3 | 13 | 60 | 841 | 919 | 1,020 | 1,088 | 1,142 | 1,041 | 1,113 | 1,241 | 1,292 |
13,767 | 11,056 | 15,756 | 18,752 | 21,925 | 21,221 | 26,300 | 28,064 | 20,973 | 21,348 | 19,557 | 18,700 | |
Total Assets | 13,840 | 11,238 | 16,081 | 20,941 | 24,131 | 23,535 | 28,841 | 30,728 | 23,473 | 23,916 | 22,875 | 22,072 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,849 | -2,502 | 4,185 | 2,069 | 2,474 | -2,870 | 3,482 | 2,572 | -10,252 | -4 | 463 | ||
-1 | -125 | -204 | -1,551 | -224 | -97 | 101 | 324 | -54 | 86 | 10 | ||
-857 | -4 | 211 | 138 | 528 | 2,596 | -2,990 | -5,172 | -429 | -326 | -186 | ||
Net Cash Flow | 1,991 | -2,632 | 4,192 | 657 | 2,777 | -371 | 594 | -2,276 | -10,735 | -244 | 288 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 30 | 22 | 11 | 8 | 8 | 13 | 17 | 15 | 16 | 11 | 15 |
Inventory Days | 9 | 7 | 4 | 2 | 2 | 3 | 8 | 9 | 11 | 12 | 7 | 5 |
Days Payable | 97 | 68 | 65 | 24 | 18 | 14 | 28 | 35 | 16 | 16 | 8 | 8 |
Cash Conversion Cycle | -60 | -30 | -39 | -11 | -9 | -3 | -7 | -9 | 9 | 12 | 10 | 12 |
Working Capital Days | -56 | -20 | -33 | -10 | -8 | -1 | -5 | -7 | 11 | 13 | 11 | 13 |
ROCE % | 14% | 18% | 20% | 17% | 14% | 12% | 11% | 9% | 9% | 11% | 3% |
Documents
Announcements
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2018
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Financial Year 2017
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Financial Year 2015
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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