Rajesh Exports
- Market cap
- ₹ 1,497 Cr.
- P/E
- 8.9x
- P/B
- 0.09x
- 52-week range
- 49 – 237.88
- ROE
- 1%
- ROCE
- 2%
- Dividend yield
- 0%
- Debt / equity
- 0.06
- Sector
- Consumer Durables
- Industry
- Gems, Jewellery And Watches
- Listed on
- NSE, BSE
About
Rajesh Exports Limited is an India-based gold refiner and manufacturer of all kinds of gold products. The Company export its products to various countries around the world and it also sell its products in wholesale and retail in India and also through its own retail showrooms under the brand name of SHUBH Jewelers. It has capacity to refine more than 2400 tons of precious metals per annum. The Company has various manufacturing facilities in India and in other countries, including Bangalore, Cochin and Dubai. Its manufacturing facilities are capable of producing handmade jewelry, casting jewelry, machine chains, stanped jewelry, studded jewelry, tube jewelry and electro-formed jewelry. It exports gold jewelry and gold products from Switzerland, India, and Dubai. The Company supplies jewelry to about five thousand retail showrooms across India. Its SHUBH Jewelers has 80 jewelry showrooms across the state of Karnataka. The Company’s subsidiary is REL Singapore Pte Ltd.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Gems, Jewellery And Watches: 107 companies →Rajesh Exports against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)8.9 against a typical 21: cheaper than most peers (1st = cheapest).22nd of 106
- Sales growth+82.7% against a typical +34.8% from a year earlier.18th of 79
- Share price, 3 months−41.5% against a typical +3.6%.92nd of 92
- Size₹ 1,497.4 Cr. market value against a typical ₹ 145.6 Cr. (1st = largest).25th of 94
Latest announcements
Exchange filings and their impact on the company.
- SEBI imposed no fine or penalty, only asked Rajesh Exports to keep cooperating and ensure accurate disclosures.
Rajesh Exports said SEBI passed an order dated October 14, 2026 following its interim order of June 3, 2026. The order levies no fine or penalty on the company and notes its submissions, while directing it to continue cooperating with investigators and to make true, fair and complete financial disclosures. The company said it has done nothing wrong, will fully cooperate, and expects the matter to be cleared.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated D by Brickwork- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Brickwork | BWR D | No outlook | 26 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 26 Feb 2026 | Reaffirmed | BWR D | — | Brickwork | ₹ 1,100 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Rajesh ExportsAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 30 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 14 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 19 Sep 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 5 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 38,066 | 65,477 | 91,445 | 60,356 | 66,924 | 96,630 | 1,99,190 | 1,31,542 | 1,75,212 | 2,35,098 | 2,36,864 | 2,40,336 |
| Expenses | 38,016 | 65,465 | 91,609 | 60,318 | 66,847 | 96,564 | 1,99,203 | 1,31,500 | 1,75,036 | 2,34,985 | 2,37,089 | 2,40,277 |
| Operating Profit | 50 | 12 | −164 | 37 | 77 | 67 | −14 | 42 | 176 | 114 | −225 | 59 |
| OPM % | 0.1% | 0% | −0.2% | 0.1% | 0.1% | 0.1% | 0% | 0% | 0.1% | 0.1% | −0.1% | 0% |
| Other Income | 14 | 12 | 206 | 21 | 22 | 21 | 54 | 9 | 12 | 11 | 241 | 12 |
| Interest | 0 | 0 | 43 | 30 | 32 | 33 | 37 | 38 | 39 | 46 | 41 | −1 |
| Depreciation | 11 | 11 | 11 | 11 | 12 | 12 | 11 | 12 | 13 | 13 | 14 | 15 |
| Profit before tax | 53 | 13 | −13 | 17 | 54 | 43 | −8 | 2 | 137 | 65 | −40 | 55 |
| Tax % | 14% | 2% | 142% | 32% | 16% | 18% | −123% | 642% | 24% | −9% | 34% | 15% |
| Net Profit | 45 | 12 | −30 | 12 | 46 | 36 | 2 | −10 | 104 | 71 | −54 | 47 |
| EPS in Rs | 1.53 | 0.42 | −1.03 | 0.4 | 1.54 | 1.2 | 0.07 | −0.32 | 3.52 | 2.42 | −1.81 | 1.6 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 17%
- 5 Years
- 25%
- 3 Years
- 32%
- TTM
- 80%
- 10 Years
- −20%
- 5 Years
- −33%
- 3 Years
- −57%
- TTM
- 130%
- 10 Years
- −16%
- 5 Years
- −34%
- 3 Years
- −47%
- TTM
- —
- 10 Years
- 8%
- 5 Years
- 4%
- 3 Years
- 1%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Rajesh Exports | ₹ 50.75 | ₹ 1,497 Cr. | 8.9x | 0.1x | 1% | — |
| Titan Company | ₹ 4,299.00 | ₹ 3,81,659 Cr. | 79.9x | 26.3x | 37.1% | 5.8% |
| PC Jeweller | ₹ 18.07 | ₹ 17,547 Cr. | 11.7x | 1x | 10% | 21.3% |
| BlueStone Jewellery and Lifestyle Ltd | ₹ 731.05 | ₹ 11,126 Cr. | 570.5x | 5.1x | 1.1% | 0.5% |
| Ethos | ₹ 2,413.50 | ₹ 6,479 Cr. | 72.5x | 4.8x | 7.7% | 6% |
| Senco Gold | ₹ 308.90 | ₹ 5,063 Cr. | 10.4x | 2.4x | 25.6% | 6.8% |
Management
- Rajesh J. Mehta
- Founder, Executive Chairman of the Board
- B. Vijendra Rao
- Chief Financial Officer
- Vikash Kumar Khetan
- Compliance Officer, Company Secretary
- Suresh Kumar Sarojamma Linge Gowda
- Managing Director, Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.