Rajesh Exports Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 1:14 pm

Market Cap	4,093 Cr.
Current Price	139
Intrinsic Value	₹47.69
High / Low	239/137
Stock P/E	24.4
Book Value	562
Dividend Yield	0.00 %
ROCE	1.47 %
ROE	0.61 %
Face Value	1.00
PEG Ratio	-0.81

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

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Rajesh Exports Ltd	4,093 Cr.	139	239/137	24.4	562	0.00 %	1.47 %	0.61 %	1.00
Renaissance Global Ltd	1,215 Cr.	113	148/102	13.2	135	0.00 %	7.39 %	6.02 %	2.00
PC Jeweller Ltd	7,504 Cr.	9.36	19.6/8.66	11.4	9.88	0.00 %	6.55 %	12.7 %	1.00
Silgo Retail Ltd	180 Cr.	73.3	85.0/33.0	32.3	35.3	0.00 %	10.5 %	7.96 %	10.0
Parshva Enterprises Ltd	166 Cr.	163	321/127	692	13.6	0.00 %	3.12 %	1.76 %	10.0
Industry Average	4,185.67 Cr	547.30		119.24	147.34	0.04%	6.50%	8.99%	6.75

All Competitor Stocks of Rajesh Exports Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	94,474	115,448	85,689	38,066	65,477	91,445	60,356	66,924	96,630	199,190	131,542	175,212	235,098
Expenses	94,025	115,046	85,354	38,016	65,465	91,609	60,318	66,847	96,564	199,203	131,500	175,036	234,985
Operating Profit	450	402	334	50	12	-164	37	77	67	-14	42	176	114
OPM %	0%	0%	0%	0%	0%	-0%	0%	0%	0%	-0%	0%	0%	0%
Other Income	1	21	12	14	12	206	21	22	21	54	9	12	11
Interest	0	19	0	0	0	43	30	32	33	37	38	39	46
Depreciation	27	26	31	11	11	11	11	12	12	11	12	13	13
Profit before tax	423	377	315	53	13	-13	17	54	43	-8	2	137	65
Tax %	0%	3%	2%	14%	2%	142%	32%	16%	18%	-123%	642%	24%	-9%
Net Profit	422	366	309	45	12	-30	12	46	36	2	-10	104	71
EPS in Rs	14.28	12.40	10.48	1.53	0.42	-1.03	0.40	1.54	1.20	0.07	-0.32	3.52	2.42

Last Updated: March 3, 2026, 3:12 pm

Below is a detailed analysis of the quarterly data for Rajesh Exports Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 235,098.00 Cr.. The value appears strong and on an upward trend. It has increased from 175,212.00 Cr. (Sep 2025) to 235,098.00 Cr., marking an increase of 59,886.00 Cr..
For Expenses, as of Dec 2025, the value is 234,985.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 175,036.00 Cr. (Sep 2025) to 234,985.00 Cr., marking an increase of 59,949.00 Cr..
For Operating Profit, as of Dec 2025, the value is 114.00 Cr.. The value appears to be declining and may need further review. It has decreased from 176.00 Cr. (Sep 2025) to 114.00 Cr., marking a decrease of 62.00 Cr..
For OPM %, as of Dec 2025, the value is 0.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 0.00%.
For Other Income, as of Dec 2025, the value is 11.00 Cr.. The value appears to be declining and may need further review. It has decreased from 12.00 Cr. (Sep 2025) to 11.00 Cr., marking a decrease of 1.00 Cr..
For Interest, as of Dec 2025, the value is 46.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 39.00 Cr. (Sep 2025) to 46.00 Cr., marking an increase of 7.00 Cr..
For Depreciation, as of Dec 2025, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 13.00 Cr..
For Profit before tax, as of Dec 2025, the value is 65.00 Cr.. The value appears to be declining and may need further review. It has decreased from 137.00 Cr. (Sep 2025) to 65.00 Cr., marking a decrease of 72.00 Cr..
For Tax %, as of Dec 2025, the value is -9.00%. The value appears to be improving (decreasing) as expected. It has decreased from 24.00% (Sep 2025) to -9.00%, marking a decrease of 33.00%.
For Net Profit, as of Dec 2025, the value is 71.00 Cr.. The value appears to be declining and may need further review. It has decreased from 104.00 Cr. (Sep 2025) to 71.00 Cr., marking a decrease of 33.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 2.42. The value appears to be declining and may need further review. It has decreased from 3.52 (Sep 2025) to 2.42, marking a decrease of 1.10.

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: February 25, 2026, 1:46 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	29,197	50,463	165,179	242,132	187,686	175,763	195,600	258,306	243,128	339,690	280,676	423,099	741,042
Expenses	28,414	49,196	163,452	240,382	185,802	173,967	194,051	257,182	241,949	338,054	280,348	422,932	740,723
Operating Profit	783	1,266	1,727	1,750	1,884	1,796	1,549	1,124	1,179	1,636	328	167	318
OPM %	3%	3%	1%	1%	1%	1%	1%	0%	0%	0%	0%	0%	0%
Other Income	1	0	42	48	62	66	7	3	40	24	243	118	86
Interest	363	478	578	430	537	442	222	142	90	81	139	133	159
Depreciation	16	62	79	65	68	74	73	90	91	101	64	45	50
Profit before tax	404	726	1,112	1,303	1,342	1,346	1,261	894	1,038	1,478	368	107	196
Tax %	11%	10%	4%	5%	6%	4%	4%	5%	3%	3%	9%	11%
Net Profit	357	655	1,069	1,244	1,266	1,292	1,206	845	1,009	1,432	337	95	168
EPS in Rs	12.11	22.18	36.21	42.12	42.87	43.76	40.84	28.61	34.18	48.51	11.41	3.21	5.69
Dividend Payout %	8%	5%	3%	3%	2%	2%	2%	4%	3%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	83.47%	63.21%	16.37%	1.77%	2.05%	-6.66%	-29.93%	19.41%	41.92%	-76.47%	-71.81%
Change in YoY Net Profit Growth (%)	0.00%	-20.27%	-46.84%	-14.60%	0.29%	-8.71%	-23.28%	49.34%	22.51%	-118.39%	4.66%

Rajesh Exports Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	24%
5 Years:	17%
3 Years:	20%
TTM:	51%

Compounded Profit Growth
10 Years:	-18%
5 Years:	-40%
3 Years:	-55%
TTM:	-72%

Stock Price CAGR
10 Years:	-9%
5 Years:	-16%
3 Years:	-32%
1 Year:	-38%

Return on Equity
10 Years:	10%
5 Years:	6%
3 Years:	4%
Last Year:	1%

Last Updated: September 5, 2025, 12:55 pm

Balance Sheet

Last Updated: December 4, 2025, 1:52 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	30	30	30	30	30	30	30	30	30	30	30	30	30
Reserves	2,713	3,332	4,362	5,606	7,145	8,811	10,504	11,192	12,416	14,694	15,217	15,652	16,553
Borrowings	3,118	3,842	4,594	5,552	8,717	6,198	1,278	1,021	815	723	655	923	879
Other Liabilities	5,378	8,877	11,956	12,943	7,643	13,803	18,916	11,230	10,655	7,428	6,170	12,768	19,907
Total Liabilities	11,238	16,081	20,941	24,131	23,535	28,841	30,728	23,473	23,916	22,875	22,072	29,372	37,369
Fixed Assets	168	264	1,287	1,199	1,289	1,452	1,521	1,447	1,449	2,038	2,071	1,340	1,494
CWIP	0	0	62	88	5	2	1	12	6	38	9	10	21
Investments	13	60	841	919	1,020	1,088	1,142	1,041	1,113	1,241	1,292	10,750	11,205
Other Assets	11,056	15,756	18,752	21,925	21,221	26,300	28,064	20,973	21,348	19,557	18,700	17,273	24,648
Total Assets	11,238	16,081	20,941	24,131	23,535	28,841	30,728	23,473	23,916	22,875	22,072	29,372	37,369

Below is a detailed analysis of the balance sheet data for Rajesh Exports Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 30.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 30.00 Cr..
For Reserves, as of Sep 2025, the value is 16,553.00 Cr.. The value appears strong and on an upward trend. It has increased from 15,652.00 Cr. (Mar 2025) to 16,553.00 Cr., marking an increase of 901.00 Cr..
For Borrowings, as of Sep 2025, the value is 879.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 923.00 Cr. (Mar 2025) to 879.00 Cr., marking a decrease of 44.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 19,907.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12,768.00 Cr. (Mar 2025) to 19,907.00 Cr., marking an increase of 7,139.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 37,369.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 29,372.00 Cr. (Mar 2025) to 37,369.00 Cr., marking an increase of 7,997.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 1,494.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,340.00 Cr. (Mar 2025) to 1,494.00 Cr., marking an increase of 154.00 Cr..
For CWIP, as of Sep 2025, the value is 21.00 Cr.. The value appears strong and on an upward trend. It has increased from 10.00 Cr. (Mar 2025) to 21.00 Cr., marking an increase of 11.00 Cr..
For Investments, as of Sep 2025, the value is 11,205.00 Cr.. The value appears strong and on an upward trend. It has increased from 10,750.00 Cr. (Mar 2025) to 11,205.00 Cr., marking an increase of 455.00 Cr..
For Other Assets, as of Sep 2025, the value is 24,648.00 Cr.. The value appears strong and on an upward trend. It has increased from 17,273.00 Cr. (Mar 2025) to 24,648.00 Cr., marking an increase of 7,375.00 Cr..
For Total Assets, as of Sep 2025, the value is 37,369.00 Cr.. The value appears strong and on an upward trend. It has increased from 29,372.00 Cr. (Mar 2025) to 37,369.00 Cr., marking an increase of 7,997.00 Cr..

Notably, the Reserves (16,553.00 Cr.) exceed the Borrowings (879.00 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 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-2,502	4,185	2,069	2,474	-2,870	3,482	2,572	-10,252	-4	457	140	7,738
Cash from Investing Activity +	-125	-204	-1,551	-224	-97	101	324	-54	86	10	70	-8,301
Cash from Financing Activity +	-4	211	138	528	2,596	-2,990	-5,172	-429	-326	-186	-33	188
Net Cash Flow	-2,632	4,192	657	2,777	-371	594	-2,276	-10,735	-244	281	177	-376

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	780.00	-2.00	-3.00	-4.00	-7.00	-5.00	0.00	0.00	-814.00	-722.00	-327.00	-756.00

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 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	30	22	11	8	8	13	17	15	16	11	15	4
Inventory Days	7	4	2	2	3	8	9	11	12	7	5	8
Days Payable	68	65	24	18	14	28	35	16	16	8	8	11
Cash Conversion Cycle	-30	-39	-11	-9	-3	-7	-9	9	12	10	12	2
Working Capital Days	-59	-61	-20	-16	-18	-18	-9	9	12	10	13	2
ROCE %	14%	18%	20%	17%	14%	12%	11%	9%	9%	11%	3%	1%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	54.05%	54.05%	54.05%	54.05%	54.55%	54.55%	54.55%	54.55%	54.55%	54.55%	54.55%	54.55%
FIIs	17.67%	17.60%	16.50%	15.38%	15.78%	15.08%	14.72%	14.81%	14.70%	15.19%	14.94%	15.26%
DIIs	11.27%	11.26%	11.16%	11.08%	11.07%	11.08%	11.12%	11.09%	11.12%	10.98%	10.95%	10.96%
Public	17.00%	17.08%	18.29%	19.49%	18.60%	19.28%	19.61%	19.54%	19.63%	19.29%	19.56%	19.24%
No. of Shareholders	40,131	40,742	73,775	1,52,938	2,09,623	2,13,557	2,11,547	2,11,937	2,16,643	2,14,969	2,13,908	2,06,942

Shareholding Pattern Chart

No. of Shareholders

Rajesh Exports Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

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	65,091	2025-04-22 17:11:17	0%
Nippon India ETF Nifty Midcap 150	57,644	0.2	2.04	57,644	2025-04-22 17:11:17	0%
Nippon India Nifty Midcap 150 Index Fund	54,295	0.2	1.92	54,295	2025-04-22 17:11:17	0%
Mirae Asset Nifty Midcap 150 ETF	32,194	0.2	1.14	32,194	2025-04-22 17:11:17	0%
UTI Nifty 500 Value 50 Index Fund	23,686	0.97	0.84	23,686	2025-04-22 17:11:17	0%
Motilal Oswal S&P BSE Enhanced Value Index Fund	21,181	0.89	0.75	21,181	2025-04-22 17:11:17	0%
ICICI Prudential Nifty Midcap 150 Index Fund	14,123	0.2	0.5	14,123	2025-04-22 17:11:17	0%
ICICI Prudential Nifty Midcap 150 ETF	13,509	0.2	0.48	13,509	2025-04-22 17:11:17	0%
SBI Nifty Midcap 150 Index Fund	13,048	0.2	0.46	13,048	2025-04-22 17:11:17	0%
Aditya Birla Sun Life Nifty Midcap 150 Index Fund	7,735	0.2	0.27	7,735	2025-04-22 17:11:17	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	3.21	11.41	48.52	34.19	28.63
Diluted EPS (Rs.)	3.21	11.41	48.52	34.19	28.63
Cash EPS (Rs.)	4.75	13.55	51.92	37.26	31.68
Book Value[Excl.RevalReserv]/Share (Rs.)	531.11	516.39	498.67	421.52	380.05
Book Value[Incl.RevalReserv]/Share (Rs.)	531.11	516.39	498.67	421.52	380.05
Revenue From Operations / Share (Rs.)	14329.72	9506.07	11504.76	8234.37	8748.41
PBDIT / Share (Rs.)	9.65	19.32	56.22	41.29	38.16
PBIT / Share (Rs.)	8.12	17.13	52.81	38.21	35.09
PBT / Share (Rs.)	3.62	12.43	50.07	35.17	30.27
Net Profit / Share (Rs.)	3.21	11.36	48.51	34.18	28.61
NP After MI And SOA / Share (Rs.)	3.21	11.36	48.51	34.18	28.61
PBDIT Margin (%)	0.06	0.20	0.48	0.50	0.43
PBIT Margin (%)	0.05	0.18	0.45	0.46	0.40
PBT Margin (%)	0.02	0.13	0.43	0.42	0.34
Net Profit Margin (%)	0.02	0.11	0.42	0.41	0.32
NP After MI And SOA Margin (%)	0.02	0.11	0.42	0.41	0.32
Return on Networth / Equity (%)	0.60	2.20	9.72	8.10	7.52
Return on Capital Employeed (%)	1.50	3.29	10.51	9.00	9.15
Return On Assets (%)	0.32	1.52	6.26	4.21	3.59
Total Debt / Equity (X)	0.05	0.04	0.04	0.06	0.09
Asset Turnover Ratio (%)	16.45	12.49	14.52	0.37	0.10
Current Ratio (X)	1.28	2.78	2.43	1.87	1.72
Quick Ratio (X)	0.56	2.15	1.67	1.20	1.11
Inventory Turnover Ratio (X)	61.18	54.62	49.22	1.55	0.70
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.94	2.92	3.49
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.88	2.68	3.15
Earning Retention Ratio (%)	0.00	0.00	99.06	97.08	96.51
Cash Earning Retention Ratio (%)	0.00	0.00	99.12	97.32	96.85
Interest Coverage Ratio (X)	2.15	4.10	20.51	13.55	7.91
Interest Coverage Ratio (Post Tax) (X)	1.71	3.41	18.69	12.22	6.93
Enterprise Value (Cr.)	4663.56	6150.07	16615.66	19395.05	13096.20
EV / Net Operating Revenue (X)	0.01	0.02	0.04	0.07	0.05
EV / EBITDA (X)	16.36	10.78	10.01	15.91	11.62
MarketCap / Net Operating Revenue (X)	0.01	0.02	0.05	0.08	0.05
Retention Ratios (%)	0.00	0.00	99.05	97.07	96.50
Price / BV (X)	0.34	0.50	1.22	1.64	1.26
Price / Net Operating Revenue (X)	0.01	0.02	0.05	0.08	0.05
EarningsYield	0.01	0.04	0.07	0.04	0.05

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 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 25, the value is 3.21. This value is below the healthy minimum of 5. It has decreased from 11.41 (Mar 24) to 3.21, marking a decrease of 8.20.
For Diluted EPS (Rs.), as of Mar 25, the value is 3.21. This value is below the healthy minimum of 5. It has decreased from 11.41 (Mar 24) to 3.21, marking a decrease of 8.20.
For Cash EPS (Rs.), as of Mar 25, the value is 4.75. This value is within the healthy range. It has decreased from 13.55 (Mar 24) to 4.75, marking a decrease of 8.80.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 531.11. It has increased from 516.39 (Mar 24) to 531.11, marking an increase of 14.72.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 531.11. It has increased from 516.39 (Mar 24) to 531.11, marking an increase of 14.72.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 14,329.72. It has increased from 9,506.07 (Mar 24) to 14,329.72, marking an increase of 4,823.65.
For PBDIT / Share (Rs.), as of Mar 25, the value is 9.65. This value is within the healthy range. It has decreased from 19.32 (Mar 24) to 9.65, marking a decrease of 9.67.
For PBIT / Share (Rs.), as of Mar 25, the value is 8.12. This value is within the healthy range. It has decreased from 17.13 (Mar 24) to 8.12, marking a decrease of 9.01.
For PBT / Share (Rs.), as of Mar 25, the value is 3.62. This value is within the healthy range. It has decreased from 12.43 (Mar 24) to 3.62, marking a decrease of 8.81.
For Net Profit / Share (Rs.), as of Mar 25, the value is 3.21. This value is within the healthy range. It has decreased from 11.36 (Mar 24) to 3.21, marking a decrease of 8.15.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 3.21. This value is within the healthy range. It has decreased from 11.36 (Mar 24) to 3.21, marking a decrease of 8.15.
For PBDIT Margin (%), as of Mar 25, the value is 0.06. This value is below the healthy minimum of 10. It has decreased from 0.20 (Mar 24) to 0.06, marking a decrease of 0.14.
For PBIT Margin (%), as of Mar 25, the value is 0.05. This value is below the healthy minimum of 10. It has decreased from 0.18 (Mar 24) to 0.05, marking a decrease of 0.13.
For PBT Margin (%), as of Mar 25, the value is 0.02. This value is below the healthy minimum of 10. It has decreased from 0.13 (Mar 24) to 0.02, marking a decrease of 0.11.
For Net Profit Margin (%), as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.11 (Mar 24) to 0.02, marking a decrease of 0.09.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 0.02. This value is below the healthy minimum of 8. It has decreased from 0.11 (Mar 24) to 0.02, marking a decrease of 0.09.
For Return on Networth / Equity (%), as of Mar 25, the value is 0.60. This value is below the healthy minimum of 15. It has decreased from 2.20 (Mar 24) to 0.60, marking a decrease of 1.60.
For Return on Capital Employeed (%), as of Mar 25, the value is 1.50. This value is below the healthy minimum of 10. It has decreased from 3.29 (Mar 24) to 1.50, marking a decrease of 1.79.
For Return On Assets (%), as of Mar 25, the value is 0.32. This value is below the healthy minimum of 5. It has decreased from 1.52 (Mar 24) to 0.32, marking a decrease of 1.20.
For Total Debt / Equity (X), as of Mar 25, the value is 0.05. This value is within the healthy range. It has increased from 0.04 (Mar 24) to 0.05, marking an increase of 0.01.
For Asset Turnover Ratio (%), as of Mar 25, the value is 16.45. It has increased from 12.49 (Mar 24) to 16.45, marking an increase of 3.96.
For Current Ratio (X), as of Mar 25, the value is 1.28. This value is below the healthy minimum of 1.5. It has decreased from 2.78 (Mar 24) to 1.28, marking a decrease of 1.50.
For Quick Ratio (X), as of Mar 25, the value is 0.56. This value is below the healthy minimum of 1. It has decreased from 2.15 (Mar 24) to 0.56, marking a decrease of 1.59.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 61.18. This value exceeds the healthy maximum of 8. It has increased from 54.62 (Mar 24) to 61.18, marking an increase of 6.56.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 24) which recorded 0.00.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 24) which recorded 0.00.
For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 24) which recorded 0.00.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 24) which recorded 0.00.
For Interest Coverage Ratio (X), as of Mar 25, the value is 2.15. This value is below the healthy minimum of 3. It has decreased from 4.10 (Mar 24) to 2.15, marking a decrease of 1.95.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.71. This value is below the healthy minimum of 3. It has decreased from 3.41 (Mar 24) to 1.71, marking a decrease of 1.70.
For Enterprise Value (Cr.), as of Mar 25, the value is 4,663.56. It has decreased from 6,150.07 (Mar 24) to 4,663.56, marking a decrease of 1,486.51.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.01. This value is below the healthy minimum of 1. It has decreased from 0.02 (Mar 24) to 0.01, marking a decrease of 0.01.
For EV / EBITDA (X), as of Mar 25, the value is 16.36. This value exceeds the healthy maximum of 15. It has increased from 10.78 (Mar 24) to 16.36, marking an increase of 5.58.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.01. This value is below the healthy minimum of 1. It has decreased from 0.02 (Mar 24) to 0.01, marking a decrease of 0.01.
For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 24) which recorded 0.00.
For Price / BV (X), as of Mar 25, the value is 0.34. This value is below the healthy minimum of 1. It has decreased from 0.50 (Mar 24) to 0.34, marking a decrease of 0.16.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.01. This value is below the healthy minimum of 1. It has decreased from 0.02 (Mar 24) to 0.01, marking a decrease of 0.01.
For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.04 (Mar 24) to 0.01, 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 March 4, 2026 is: ₹68.26

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 March 4, 2026, Rajesh Exports Ltd is Overvalued by 50.89% compared to the current share price ₹139.00

Intrinsic Value of Rajesh Exports Ltd as of March 4, 2026 is: ₹47.69

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 March 4, 2026, Rajesh Exports Ltd is Overvalued by 65.69% compared to the current share price ₹139.00

Last 5 Year EPS CAGR: -30.13%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -12.92, which is a positive sign. The stock has a low average Cash Conversion Cycle of -5.25, which is a positive sign. The company has higher reserves (9,861.31 cr) compared to borrowings (2,947.31 cr), indicating strong financial stability. The company has shown consistent growth in sales (255.92 cr) and profit (207.85 cr) over the years.	The stock has a low average ROCE of 11.58%, 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: 0.02%
  - 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: 1.5% (Industry Average ROCE: 6.5%)
  - 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%: 0.6% (Industry Average ROE: 8.99%)
  - 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): 1.71
  - 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: 0.56
  - 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: 24.4 (Industry average Stock P/E: 119.24)
  - 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: 0.05
  - 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. 7027.07 Cr. and Equity Capital is Rs. 29.53 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Gems, Jewellery & Precious Metals	No. 4, Batavia Chambers, Bengaluru Karnataka 560001	Contact not found

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. Tapan Mondal	Non Exe.Non Ind.Director

FAQ

What is the intrinsic value of Rajesh Exports Ltd?

Rajesh Exports Ltd's intrinsic value (as of 04 March 2026) is ₹47.69 which is 65.69% lower the current market price of ₹139.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹4,093 Cr. market cap, FY2025-2026 high/low of ₹239/137, reserves of ₹16,553 Cr, and liabilities of ₹37,369 Cr.

What is the Market Cap of Rajesh Exports Ltd?

The Market Cap of Rajesh Exports Ltd is 4,093 Cr..

What is the current Stock Price of Rajesh Exports Ltd as on 04 March 2026?

The current stock price of Rajesh Exports Ltd as on 04 March 2026 is ₹139.

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 ₹239/137.

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

The Stock P/E of Rajesh Exports Ltd is 24.4.

What is the Book Value of Rajesh Exports Ltd?

The Book Value of Rajesh Exports Ltd is 562.

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 1.47 %.

What is the ROE of Rajesh Exports Ltd?

The ROE of Rajesh Exports Ltd is 0.61 %.

What is the Face Value of Rajesh Exports Ltd?

The Face Value of Rajesh Exports Ltd is 1.00.