Rajesh Exports Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2025, 9:15 pm

Market Cap	5,729 Cr.
Current Price	194
High / Low	333/151
Stock P/E	150
Book Value	526
Dividend Yield	0.00 %
ROCE	3.23 %
ROE	2.24 %
Face Value	1.00
PEG Ratio	-3.25

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Rajesh Exports Ltd

Competitors of Rajesh Exports Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Thangamayil Jewellery Ltd	6,366 Cr.	2,048	2,567/1,125	55.1	166	0.49 %	20.3 %	28.0 %	10.0
Silgo Retail Ltd	83.8 Cr.	45.3	53.4/26.2	22.8	30.1	0.00 %	10.1 %	7.43 %	10.0
Shubhlaxmi Jewel Art Ltd	15.7 Cr.	17.8	88.4/17.8	12.8	25.7	0.00 %	9.34 %	6.21 %	10.0
Renaissance Global Ltd	1,391 Cr.	130	207/87.4	19.7	112	0.00 %	8.25 %	6.51 %	2.00
Rajesh Exports Ltd	5,729 Cr.	194	333/151	150	526	0.00 %	3.23 %	2.24 %	1.00
Industry Average	4,345.40 Cr	328.51		122.81	112.77	0.06%	7.23%	11.61%	6.75

All Competitor Stocks of Rajesh Exports Ltd

Quarterly Result

Metric	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	41,245	65,179	85,806	49,497	80,270	94,474	115,448	85,689	38,066	65,477	91,445	60,356	66,924
Expenses	40,916	64,862	85,666	49,192	79,852	94,025	115,046	85,354	38,016	65,420	91,609	60,318	66,847
Operating Profit	329	318	141	305	418	450	402	334	50	56	-164	37	77
OPM %	1%	0%	0%	1%	1%	0%	0%	0%	0%	0%	-0%	0%	0%
Other Income	1	0	38	1	1	1	21	12	14	12	204	21	22
Interest	0	0	0	0	0	0	19	0	0	45	43	30	32
Depreciation	33	13	23	23	24	27	26	31	11	11	11	11	12
Profit before tax	298	304	157	283	395	423	377	315	53	13	-14	17	54
Tax %	2%	1%	12%	4%	6%	0%	3%	2%	14%	2%	129%	32%	16%
Net Profit	291	300	139	272	373	422	366	309	45	12	-32	12	46
EPS in Rs	9.87	10.17	4.69	9.20	12.63	14.28	12.40	10.48	1.53	0.42	-1.07	0.40	1.54

Last Updated: February 28, 2025, 5:35 pm

Below is a detailed analysis of the quarterly data for Rajesh Exports Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Sales, as of Sep 2024, the value is ₹66,924.00 Cr.. The value appears strong and on an upward trend. It has increased from 60,356.00 Cr. (Jun 2024) to ₹66,924.00 Cr., marking an increase of 6,568.00 Cr..
For Expenses, as of Sep 2024, the value is ₹66,847.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 60,318.00 Cr. (Jun 2024) to ₹66,847.00 Cr., marking an increase of 6,529.00 Cr..
For Operating Profit, as of Sep 2024, the value is ₹77.00 Cr.. The value appears strong and on an upward trend. It has increased from 37.00 Cr. (Jun 2024) to ₹77.00 Cr., marking an increase of 40.00 Cr..
For OPM %, as of Sep 2024, the value is 0.00%. The value remains steady. There is no change compared to the previous period (Jun 2024) which recorded 0.00%.
For Other Income, as of Sep 2024, the value is ₹22.00 Cr.. The value appears strong and on an upward trend. It has increased from 21.00 Cr. (Jun 2024) to ₹22.00 Cr., marking an increase of 1.00 Cr..
For Interest, as of Sep 2024, the value is ₹32.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 30.00 Cr. (Jun 2024) to ₹32.00 Cr., marking an increase of 2.00 Cr..
For Depreciation, as of Sep 2024, the value is ₹12.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11.00 Cr. (Jun 2024) to ₹12.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Sep 2024, the value is ₹54.00 Cr.. The value appears strong and on an upward trend. It has increased from 17.00 Cr. (Jun 2024) to ₹54.00 Cr., marking an increase of 37.00 Cr..
For Tax %, as of Sep 2024, the value is 16.00%. The value appears to be improving (decreasing) as expected. It has decreased from 32.00% (Jun 2024) to 16.00%, marking a decrease of 16.00%.
For Net Profit, as of Sep 2024, the value is ₹46.00 Cr.. The value appears strong and on an upward trend. It has increased from 12.00 Cr. (Jun 2024) to ₹46.00 Cr., marking an increase of 34.00 Cr..
For EPS in Rs, as of Sep 2024, the value is 1.54. The value appears strong and on an upward trend. It has increased from 0.40 (Jun 2024) to 1.54, marking an increase of 1.14.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 7:04 pm

Metric	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
Sales	31,226	29,197	50,463	165,179	242,132	187,686	175,763	195,600	258,306	243,128	339,690	280,676	284,201
Expenses	30,437	28,414	49,196	163,452	240,382	185,802	173,967	194,051	257,182	241,949	338,054	280,348	284,195
Operating Profit	789	783	1,266	1,727	1,750	1,884	1,796	1,549	1,124	1,179	1,636	328	6
OPM %	3%	3%	3%	1%	1%	1%	1%	1%	0%	0%	0%	0%	0%
Other Income	3	1	0	42	48	62	66	7	3	40	24	242	259
Interest	300	363	478	578	430	537	442	222	142	90	81	139	150
Depreciation	2	16	62	79	65	68	74	73	90	91	101	64	45
Profit before tax	490	404	726	1,112	1,303	1,342	1,346	1,261	894	1,038	1,478	367	71
Tax %	8%	11%	10%	4%	5%	6%	4%	4%	5%	3%	3%	9%
Net Profit	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	1.29
Dividend Payout %	7%	8%	5%	3%	3%	2%	2%	2%	4%	3%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-21.19%	83.47%	63.21%	16.37%	1.77%	2.05%	-6.66%	-29.93%	19.41%	41.92%	-76.54%
Change in YoY Net Profit Growth (%)	0.00%	104.67%	-20.27%	-46.84%	-14.60%	0.29%	-8.71%	-23.28%	49.34%	22.51%	-118.46%

Rajesh Exports Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	25%
5 Years:	10%
3 Years:	3%
TTM:	-15%

Compounded Profit Growth
10 Years:	-1%
5 Years:	-24%
3 Years:	-27%
TTM:	-97%

Stock Price CAGR
10 Years:	0%
5 Years:	-21%
3 Years:	-33%
1 Year:	-35%

Return on Equity
10 Years:	12%
5 Years:	8%
3 Years:	7%
Last Year:	2%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:54 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	30	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	15,507
Borrowings	2,729	3,118	3,842	4,594	5,552	8,717	6,198	1,278	1,021	815	723	655	736
Other Liabilities	8,697	5,378	8,877	11,956	12,943	7,643	13,803	18,916	11,230	10,655	7,428	6,170	6,881
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	23,154
Fixed Assets	69	168	264	1,287	1,199	1,289	1,452	1,521	1,447	1,449	2,038	2,071	2,142
CWIP	0	0	0	62	88	5	2	1	12	6	38	9	10
Investments	3	13	60	841	919	1,020	1,088	1,142	1,041	1,113	1,241	1,292	1,298
Other Assets	13,767	11,056	15,756	18,752	21,925	21,221	26,300	28,064	20,973	21,348	19,557	18,700	19,703
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	23,154

Below is a detailed analysis of the balance sheet data for Rajesh Exports Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹30.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 30.00 Cr..
For Reserves, as of Sep 2024, the value is ₹15,507.00 Cr.. The value appears strong and on an upward trend. It has increased from 15,217.00 Cr. (Mar 2024) to ₹15,507.00 Cr., marking an increase of 290.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹736.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 655.00 Cr. (Mar 2024) to ₹736.00 Cr., marking an increase of 81.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹6,881.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6,170.00 Cr. (Mar 2024) to ₹6,881.00 Cr., marking an increase of 711.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹23,154.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 22,072.00 Cr. (Mar 2024) to ₹23,154.00 Cr., marking an increase of 1,082.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹2,142.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,071.00 Cr. (Mar 2024) to ₹2,142.00 Cr., marking an increase of 71.00 Cr..
For CWIP, as of Sep 2024, the value is ₹10.00 Cr.. The value appears strong and on an upward trend. It has increased from 9.00 Cr. (Mar 2024) to ₹10.00 Cr., marking an increase of 1.00 Cr..
For Investments, as of Sep 2024, the value is ₹1,298.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,292.00 Cr. (Mar 2024) to ₹1,298.00 Cr., marking an increase of 6.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹19,703.00 Cr.. The value appears strong and on an upward trend. It has increased from 18,700.00 Cr. (Mar 2024) to ₹19,703.00 Cr., marking an increase of 1,003.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹23,154.00 Cr.. The value appears strong and on an upward trend. It has increased from 22,072.00 Cr. (Mar 2024) to ₹23,154.00 Cr., marking an increase of 1,082.00 Cr..

Notably, the Reserves (₹15,507.00 Cr.) exceed the Borrowings (736.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	2,849	-2,502	4,185	2,069	2,474	-2,870	3,482	2,572	-10,252	-4	457	316
Cash from Investing Activity +	-1	-125	-204	-1,551	-224	-97	101	324	-54	86	10	69
Cash from Financing Activity +	-857	-4	211	138	528	2,596	-2,990	-5,172	-429	-326	-186	-208
Net Cash Flow	1,991	-2,632	4,192	657	2,777	-371	594	-2,276	-10,735	-244	281	177

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	787.00	780.00	-2.00	-3.00	-4.00	-7.00	-5.00	0.00	0.00	-814.00	-722.00	-327.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	54.05%	54.05%	54.05%	54.05%	54.05%	54.05%	54.05%	54.05%	54.55%	54.55%	54.55%	54.55%
FIIs	17.84%	17.72%	17.70%	17.62%	17.67%	17.60%	16.50%	15.38%	15.78%	15.08%	14.72%	14.81%
DIIs	11.45%	11.43%	11.39%	11.35%	11.27%	11.26%	11.16%	11.08%	11.07%	11.08%	11.12%	11.09%
Public	16.66%	16.80%	16.87%	16.97%	17.00%	17.08%	18.29%	19.49%	18.60%	19.28%	19.61%	19.54%
No. of Shareholders	36,406	42,341	45,107	46,725	40,131	40,742	73,775	1,52,938	2,09,623	2,13,557	2,11,547	2,11,937

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Midcap 150 Index Fund	65,091	0.2	2.3	57,644	2025-04-02	12.92%
Nippon India ETF Nifty Midcap 150	57,644	0.2	2.04	57,644	2025-04-02	0%
Nippon India Nifty Midcap 150 Index Fund	54,295	0.2	1.92	57,644	2025-04-02	-5.81%
Mirae Asset Nifty Midcap 150 ETF	32,194	0.2	1.14	57,644	2025-04-02	-44.15%
UTI Nifty 500 Value 50 Index Fund	23,686	0.97	0.84	57,644	2025-04-02	-58.91%
Motilal Oswal S&P BSE Enhanced Value Index Fund	21,181	0.89	0.75	57,644	2025-04-02	-63.26%
ICICI Prudential Nifty Midcap 150 Index Fund	14,123	0.2	0.5	57,644	2025-04-02	-75.5%
ICICI Prudential Nifty Midcap 150 ETF	13,509	0.2	0.48	57,644	2025-04-02	-76.56%
SBI Nifty Midcap 150 Index Fund	13,048	0.2	0.46	57,644	2025-04-02	-77.36%
Aditya Birla Sun Life Nifty Midcap 150 Index Fund	7,735	0.2	0.27	57,644	2025-04-02	-86.58%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	11.41	48.52	34.19	28.63	40.84
Diluted EPS (Rs.)	11.41	48.52	34.19	28.63	40.84
Cash EPS (Rs.)	13.55	51.92	37.26	31.68	43.30
Book Value[Excl.RevalReserv]/Share (Rs.)	516.39	498.67	421.52	380.05	356.77
Book Value[Incl.RevalReserv]/Share (Rs.)	516.39	498.67	421.52	380.05	356.77
Revenue From Operations / Share (Rs.)	9506.07	11504.76	8234.37	8748.41	6624.68
PBDIT / Share (Rs.)	19.32	56.22	41.29	38.16	52.71
PBIT / Share (Rs.)	17.13	52.81	38.21	35.09	50.25
PBT / Share (Rs.)	12.43	50.07	35.17	30.27	42.72
Net Profit / Share (Rs.)	11.36	48.51	34.18	28.61	40.84
NP After MI And SOA / Share (Rs.)	11.36	48.51	34.18	28.61	40.84
PBDIT Margin (%)	0.20	0.48	0.50	0.43	0.79
PBIT Margin (%)	0.18	0.45	0.46	0.40	0.75
PBT Margin (%)	0.13	0.43	0.42	0.34	0.64
Net Profit Margin (%)	0.11	0.42	0.41	0.32	0.61
NP After MI And SOA Margin (%)	0.11	0.42	0.41	0.32	0.61
Return on Networth / Equity (%)	2.20	9.72	8.10	7.52	11.44
Return on Capital Employeed (%)	3.29	10.51	9.00	9.15	13.94
Return On Assets (%)	1.52	6.26	4.21	3.59	3.92
Total Debt / Equity (X)	0.04	0.04	0.06	0.09	0.12
Asset Turnover Ratio (%)	12.49	14.52	0.37	0.10	1.99
Current Ratio (X)	2.78	2.43	1.87	1.72	1.39
Quick Ratio (X)	2.15	1.67	1.20	1.11	1.16
Inventory Turnover Ratio (X)	54.62	49.22	1.55	0.70	20.47
Dividend Payout Ratio (NP) (%)	0.00	0.94	2.92	3.49	2.44
Dividend Payout Ratio (CP) (%)	0.00	0.88	2.68	3.15	2.30
Earning Retention Ratio (%)	0.00	99.06	97.08	96.51	97.56
Cash Earning Retention Ratio (%)	0.00	99.12	97.32	96.85	97.70
Interest Coverage Ratio (X)	4.10	20.51	13.55	7.91	7.00
Interest Coverage Ratio (Post Tax) (X)	3.41	18.69	12.22	6.93	6.42
Enterprise Value (Cr.)	6150.07	16615.66	19395.05	13096.20	4498.04
EV / Net Operating Revenue (X)	0.02	0.04	0.07	0.05	0.02
EV / EBITDA (X)	10.78	10.01	15.91	11.62	2.89
MarketCap / Net Operating Revenue (X)	0.02	0.05	0.08	0.05	0.08
Retention Ratios (%)	0.00	99.05	97.07	96.50	97.55
Price / BV (X)	0.50	1.22	1.64	1.26	1.52
Price / Net Operating Revenue (X)	0.02	0.05	0.08	0.05	0.08
EarningsYield	0.04	0.07	0.04	0.05	0.07

After reviewing the key financial ratios for Rajesh Exports Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 11.41. This value is within the healthy range. It has decreased from 48.52 (Mar 23) to 11.41, marking a decrease of 37.11.
For Diluted EPS (Rs.), as of Mar 24, the value is 11.41. This value is within the healthy range. It has decreased from 48.52 (Mar 23) to 11.41, marking a decrease of 37.11.
For Cash EPS (Rs.), as of Mar 24, the value is 13.55. This value is within the healthy range. It has decreased from 51.92 (Mar 23) to 13.55, marking a decrease of 38.37.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 516.39. It has increased from 498.67 (Mar 23) to 516.39, marking an increase of 17.72.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 516.39. It has increased from 498.67 (Mar 23) to 516.39, marking an increase of 17.72.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 9,506.07. It has decreased from 11,504.76 (Mar 23) to 9,506.07, marking a decrease of 1,998.69.
For PBDIT / Share (Rs.), as of Mar 24, the value is 19.32. This value is within the healthy range. It has decreased from 56.22 (Mar 23) to 19.32, marking a decrease of 36.90.
For PBIT / Share (Rs.), as of Mar 24, the value is 17.13. This value is within the healthy range. It has decreased from 52.81 (Mar 23) to 17.13, marking a decrease of 35.68.
For PBT / Share (Rs.), as of Mar 24, the value is 12.43. This value is within the healthy range. It has decreased from 50.07 (Mar 23) to 12.43, marking a decrease of 37.64.
For Net Profit / Share (Rs.), as of Mar 24, the value is 11.36. This value is within the healthy range. It has decreased from 48.51 (Mar 23) to 11.36, marking a decrease of 37.15.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 11.36. This value is within the healthy range. It has decreased from 48.51 (Mar 23) to 11.36, marking a decrease of 37.15.
For PBDIT Margin (%), as of Mar 24, the value is 0.20. This value is below the healthy minimum of 10. It has decreased from 0.48 (Mar 23) to 0.20, marking a decrease of 0.28.
For PBIT Margin (%), as of Mar 24, the value is 0.18. This value is below the healthy minimum of 10. It has decreased from 0.45 (Mar 23) to 0.18, marking a decrease of 0.27.
For PBT Margin (%), as of Mar 24, the value is 0.13. This value is below the healthy minimum of 10. It has decreased from 0.43 (Mar 23) to 0.13, marking a decrease of 0.30.
For Net Profit Margin (%), as of Mar 24, the value is 0.11. This value is below the healthy minimum of 5. It has decreased from 0.42 (Mar 23) to 0.11, marking a decrease of 0.31.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 0.11. This value is below the healthy minimum of 8. It has decreased from 0.42 (Mar 23) to 0.11, marking a decrease of 0.31.
For Return on Networth / Equity (%), as of Mar 24, the value is 2.20. This value is below the healthy minimum of 15. It has decreased from 9.72 (Mar 23) to 2.20, marking a decrease of 7.52.
For Return on Capital Employeed (%), as of Mar 24, the value is 3.29. This value is below the healthy minimum of 10. It has decreased from 10.51 (Mar 23) to 3.29, marking a decrease of 7.22.
For Return On Assets (%), as of Mar 24, the value is 1.52. This value is below the healthy minimum of 5. It has decreased from 6.26 (Mar 23) to 1.52, marking a decrease of 4.74.
For Total Debt / Equity (X), as of Mar 24, the value is 0.04. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 12.49. It has decreased from 14.52 (Mar 23) to 12.49, marking a decrease of 2.03.
For Current Ratio (X), as of Mar 24, the value is 2.78. This value is within the healthy range. It has increased from 2.43 (Mar 23) to 2.78, marking an increase of 0.35.
For Quick Ratio (X), as of Mar 24, the value is 2.15. This value exceeds the healthy maximum of 2. It has increased from 1.67 (Mar 23) to 2.15, marking an increase of 0.48.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 54.62. This value exceeds the healthy maximum of 8. It has increased from 49.22 (Mar 23) to 54.62, marking an increase of 5.40.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 0.94 (Mar 23) to 0.00, marking a decrease of 0.94.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 0.88 (Mar 23) to 0.00, marking a decrease of 0.88.
For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 99.06 (Mar 23) to 0.00, marking a decrease of 99.06.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 99.12 (Mar 23) to 0.00, marking a decrease of 99.12.
For Interest Coverage Ratio (X), as of Mar 24, the value is 4.10. This value is within the healthy range. It has decreased from 20.51 (Mar 23) to 4.10, marking a decrease of 16.41.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.41. This value is within the healthy range. It has decreased from 18.69 (Mar 23) to 3.41, marking a decrease of 15.28.
For Enterprise Value (Cr.), as of Mar 24, the value is 6,150.07. It has decreased from 16,615.66 (Mar 23) to 6,150.07, marking a decrease of 10,465.59.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.02. This value is below the healthy minimum of 1. It has decreased from 0.04 (Mar 23) to 0.02, marking a decrease of 0.02.
For EV / EBITDA (X), as of Mar 24, the value is 10.78. This value is within the healthy range. It has increased from 10.01 (Mar 23) to 10.78, marking an increase of 0.77.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.02. This value is below the healthy minimum of 1. It has decreased from 0.05 (Mar 23) to 0.02, marking a decrease of 0.03.
For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 99.05 (Mar 23) to 0.00, marking a decrease of 99.05.
For Price / BV (X), as of Mar 24, the value is 0.50. This value is below the healthy minimum of 1. It has decreased from 1.22 (Mar 23) to 0.50, marking a decrease of 0.72.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.02. This value is below the healthy minimum of 1. It has decreased from 0.05 (Mar 23) to 0.02, marking a decrease of 0.03.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.07 (Mar 23) to 0.04, marking a decrease of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Rajesh Exports Ltd as of April 4, 2025 is: 1,442.17

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 4, 2025, Rajesh Exports Ltd is Undervalued by 643.39% compared to the current share price 194.00

Intrinsic Value of Rajesh Exports Ltd as of April 4, 2025 is: 775.94

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 4, 2025, Rajesh Exports Ltd is Undervalued by 299.97% compared to the current share price 194.00

Last 5 Year EPS CAGR: -46.20%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -7.67, which is a positive sign. The stock has a low average Cash Conversion Cycle of -10.42, which is a positive sign. The company has higher reserves (8,760.31 cr) compared to borrowings (3,075.23 cr), indicating strong financial stability. The company has shown consistent growth in sales (190.62 cr) and profit (227.62 cr) over the years.	The stock has a low average ROCE of 11.50%, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Rajesh Exports Ltd:
1. Net Profit Margin: 0.11%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 3.29% (Industry Average ROCE: 7.23%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 2.2% (Industry Average ROE: 11.61%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.41
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.15
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 150 (Industry average Stock P/E: 122.81)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.04
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Rajesh Exports Ltd. is a Public Limited Listed company incorporated on 01/02/1995 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L36911KA1995PLC017077 and registration number is 017077. Currently Company is involved in the business activities of Manufacture of jewellery, bijouterie and related articles. Company's Total Operating Revenue is Rs. 5400.61 Cr. and Equity Capital is Rs. 29.53 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Gems, Jewellery & Precious Metals	No. 4, Batavia Chambers, Bengaluru Karnataka 560001	compsect@rajeshindia.com http://www.rajeshindia.com

Management
Name	Position Held
Mr. Rajesh Mehta	Executive Chairman
Mr. Suresh Kumar	Managing Director
Mr. Prashant Sagar	Independent Director
Ms. B S Vasumathi	Independent Director
Ms. Asha Mehta	Independent Director
Mr. T D Joseph	Non Exe.Non Ind.Director

FAQ

What is the intrinsic value of Rajesh Exports Ltd?

Rajesh Exports Ltd's intrinsic value (as of 04 April 2025) is ₹1442.17 — 643.39% higher the current market price of ₹194.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 5,729 Cr. market cap, FY2025-2026 high/low of ₹333/151, reserves of 15,507 Cr, and liabilities of 23,154 Cr.

What is the Market Cap of Rajesh Exports Ltd?

The Market Cap of Rajesh Exports Ltd is 5,729 Cr..

What is the current Stock Price of Rajesh Exports Ltd as on 04 April 2025?

The current stock price of Rajesh Exports Ltd as on 04 April 2025 is 194.

What is the High / Low of Rajesh Exports Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Rajesh Exports Ltd stocks is ₹333/151.

What is the Stock P/E of Rajesh Exports Ltd?

The Stock P/E of Rajesh Exports Ltd is 150.

What is the Book Value of Rajesh Exports Ltd?

The Book Value of Rajesh Exports Ltd is 526.

What is the Dividend Yield of Rajesh Exports Ltd?

The Dividend Yield of Rajesh Exports Ltd is 0.00 %.

What is the ROCE of Rajesh Exports Ltd?

The ROCE of Rajesh Exports Ltd is 3.23 %.

What is the ROE of Rajesh Exports Ltd?

The ROE of Rajesh Exports Ltd is 2.24 %.

What is the Face Value of Rajesh Exports Ltd?

The Face Value of Rajesh Exports Ltd is 1.00.