About
Rajesh Exports Limited, a gold refiner, engages in the manufacture, wholesale, and retail of gold and various gold products in India. It also owns retail showrooms under the SHUBH Jewellers brand. The company also exports its products. Rajesh Exports Limited was incorporated in 1989 and is headquartered in Bengaluru, India.
Key Metrics
as of Sep 2026Market Cap2,453 Cr
P/E14.50
Div Yield0.00 %
Book Value₹585.00
52w High₹239.00
52w Low₹72.60
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 240,336.00 | 236,864.00 | 235,098.00 | 175,212.00 | 131,542.00 | 199,190.00 | 96,630.00 | 66,924.00 | 60,356.00 | 91,445.00 | 65,477.00 | 38,066.00 | 85,689.00 |
| Expenses | 240,277.00 | 237,089.00 | 234,985.00 | 175,036.00 | 131,500.00 | 199,203.00 | 96,564.00 | 66,847.00 | 60,318.00 | 91,609.00 | 65,465.00 | 38,016.00 | 85,354.00 |
| Operating Profit | 59.00 | -225.00 | 114.00 | 176.00 | 42.00 | -14.00 | 67.00 | 77.00 | 37.00 | -164.00 | 12.00 | 50.00 | 334.00 |
| OPM % | 0.00 | -0.10 | 0.10 | 0.10 | 0.00 | 0.00 | 0.10 | 0.10 | 0.10 | -0.20 | 0.00 | 0.10 | 0.40 |
| Other Income | 12.00 | 241.00 | 11.00 | 12.00 | 9.00 | 54.00 | 21.00 | 22.00 | 21.00 | 206.00 | 12.00 | 14.00 | 12.00 |
| Depreciation | 15.00 | 14.00 | 13.00 | 13.00 | 12.00 | 11.00 | 12.00 | 12.00 | 11.00 | 11.00 | 11.00 | 11.00 | 31.00 |
| Interest | -1.00 | 41.00 | 46.00 | 39.00 | 38.00 | 37.00 | 33.00 | 32.00 | 30.00 | 43.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 55.00 | -40.00 | 65.00 | 137.00 | 2.00 | -8.00 | 43.00 | 54.00 | 17.00 | -13.00 | 13.00 | 53.00 | 315.00 |
| Tax % | 15.00 | 34.00 | -9.00 | 24.00 | 642.00 | -123.00 | 18.00 | 16.00 | 32.00 | 142.00 | 2.00 | 14.00 | 2.00 |
| Net Profit | 47.00 | -54.00 | 71.00 | 104.00 | -10.00 | 2.00 | 36.00 | 46.00 | 12.00 | -30.00 | 12.00 | 45.00 | 309.00 |
| EPS in Rs | 1.60 | -1.81 | 2.42 | 3.52 | -0.32 | 0.07 | 1.20 | 1.54 | 0.40 | -1.03 | 0.42 | 1.53 | 10.48 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 778,716.00 | 423,099.00 | 280,676.00 | 339,690.00 | 243,128.00 | 258,306.00 | 195,600.00 | 175,763.00 | 187,686.00 | 242,132.00 | 165,179.00 | 50,463.00 |
| Expenses | 778,609.00 | 422,932.00 | 280,348.00 | 338,054.00 | 241,949.00 | 257,182.00 | 194,051.00 | 173,967.00 | 185,802.00 | 240,382.00 | 163,452.00 | 49,196.00 |
| Operating Profit | 107.00 | 167.00 | 328.00 | 1,636.00 | 1,179.00 | 1,124.00 | 1,549.00 | 1,796.00 | 1,884.00 | 1,750.00 | 1,727.00 | 1,266.00 |
| OPM % | 0.00 | 0.00 | 0.10 | 0.50 | 0.50 | 0.40 | 0.80 | 1.00 | 1.00 | 0.70 | 1.10 | 2.50 |
| Other Income | 273.00 | 118.00 | 243.00 | 24.00 | 40.00 | 3.00 | 7.00 | 66.00 | 62.00 | 48.00 | 42.00 | 0.00 |
| Interest | 163.00 | 133.00 | 139.00 | 81.00 | 90.00 | 142.00 | 222.00 | 442.00 | 537.00 | 430.00 | 578.00 | 478.00 |
| Depreciation | 52.00 | 45.00 | 64.00 | 101.00 | 91.00 | 90.00 | 73.00 | 74.00 | 68.00 | 65.00 | 79.00 | 62.00 |
| Profit before tax | 164.00 | 107.00 | 368.00 | 1,478.00 | 1,038.00 | 894.00 | 1,261.00 | 1,346.00 | 1,342.00 | 1,303.00 | 1,112.00 | 726.00 |
| Tax % | 32.00 | 11.00 | 9.00 | 3.00 | 3.00 | 5.00 | 4.00 | 4.00 | 6.00 | 5.00 | 4.00 | 10.00 |
| Net Profit | 112.00 | 95.00 | 337.00 | 1,432.00 | 1,009.00 | 845.00 | 1,206.00 | 1,292.00 | 1,266.00 | 1,244.00 | 1,069.00 | 655.00 |
| EPS in Rs | 3.81 | 3.21 | 11.41 | 48.51 | 34.18 | 28.61 | 40.84 | 43.76 | 42.87 | 42.12 | 36.21 | 22.18 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 4.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 5.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Reserves | 17,239.00 | 15,652.00 | 15,217.00 | 14,694.00 | 12,416.00 | 11,192.00 | 10,504.00 | 8,811.00 | 7,145.00 | 5,606.00 | 4,362.00 | 3,332.00 |
| Borrowings | 1,016.00 | 923.00 | 655.00 | 723.00 | 815.00 | 1,021.00 | 1,278.00 | 6,198.00 | 8,717.00 | 5,552.00 | 4,594.00 | 3,842.00 |
| Other Liabilities | 22,608.00 | 12,768.00 | 6,170.00 | 7,428.00 | 10,655.00 | 11,230.00 | 18,916.00 | 13,803.00 | 7,643.00 | 12,943.00 | 11,956.00 | 8,877.00 |
| Total Liabilities | 40,893.00 | 29,372.00 | 22,072.00 | 22,875.00 | 23,916.00 | 23,473.00 | 30,728.00 | 28,841.00 | 23,535.00 | 24,131.00 | 20,941.00 | 16,081.00 |
| Fixed Assets | 1,382.00 | 1,340.00 | 2,071.00 | 2,038.00 | 1,449.00 | 1,447.00 | 1,521.00 | 1,452.00 | 1,289.00 | 1,199.00 | 1,287.00 | 264.00 |
| CWIP | 4.00 | 10.00 | 9.00 | 38.00 | 6.00 | 12.00 | 1.00 | 2.00 | 5.00 | 88.00 | 62.00 | 0.00 |
| Investments | 11,797.00 | 10,750.00 | 1,292.00 | 1,241.00 | 1,113.00 | 1,041.00 | 1,142.00 | 1,088.00 | 1,020.00 | 919.00 | 841.00 | 60.00 |
| Other Assets | 27,710.00 | 17,273.00 | 18,700.00 | 19,557.00 | 21,348.00 | 20,973.00 | 28,064.00 | 26,300.00 | 21,221.00 | 21,925.00 | 18,752.00 | 15,756.00 |
| Total Assets | 40,893.00 | 29,372.00 | 22,072.00 | 22,875.00 | 23,916.00 | 23,473.00 | 30,728.00 | 28,841.00 | 23,535.00 | 24,131.00 | 20,941.00 | 16,081.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 372.00 | 7,738.00 | 140.00 | 457.00 | -4.00 | -10,252.00 | 2,572.00 | 3,482.00 | -2,870.00 | 2,474.00 | 2,069.00 | 4,185.00 |
| Cash from Investing Activity | -1,088.00 | -8,301.00 | 70.00 | 10.00 | 86.00 | -54.00 | 324.00 | 101.00 | -97.00 | -224.00 | -1,551.00 | -204.00 |
| Cash from Financing Activity | 196.00 | 188.00 | -33.00 | -186.00 | -326.00 | -429.00 | -5,172.00 | -2,990.00 | 2,596.00 | 528.00 | 138.00 | 211.00 |
| Net Cash Flow | -520.00 | -376.00 | 177.00 | 281.00 | -244.00 | -10,735.00 | -2,276.00 | 594.00 | -371.00 | 2,777.00 | 657.00 | 4,192.00 |
| Free Cash Flow | 329.00 | 8,787.00 | 72.00 | -265.00 | -92.00 | -10,278.00 | 2,432.00 | 3,248.00 | -2,923.00 | 2,471.00 | 906.00 | 4,028.00 |
| CFO/OP % | 163.00 | 4,638.00 | -8.00 | 30.00 | 2.00 | -908.00 | 170.00 | 197.00 | -147.00 | 146.00 | 125.00 | 324.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 3.00 | 4.00 | 15.00 | 11.00 | 16.00 | 15.00 | 17.00 | 13.00 | 8.00 | 8.00 | 11.00 | 22.00 |
| Inventory Days | 8.00 | 8.00 | 5.00 | 7.00 | 12.00 | 11.00 | 9.00 | 8.00 | 3.00 | 2.00 | 2.00 | 4.00 |
| Days Payable | 10.00 | 11.00 | 8.00 | 8.00 | 16.00 | 16.00 | 35.00 | 28.00 | 14.00 | 18.00 | 24.00 | 65.00 |
| Cash Conversion Cycle | 1.00 | 2.00 | 12.00 | 10.00 | 12.00 | 9.00 | -9.00 | -7.00 | -3.00 | -9.00 | -11.00 | -39.00 |
| Working Capital Days | 1.00 | 2.00 | 13.00 | 10.00 | 12.00 | 9.00 | -9.00 | -18.00 | -18.00 | -16.00 | -20.00 | -61.00 |
| ROCE % | 2.00 | 1.00 | 3.00 | 11.00 | 9.00 | 9.00 | 11.00 | 12.00 | 14.00 | 17.00 | 20.00 | 18.00 |
Corporate Actions
26 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 23 Sep 2024 | — | — | — | Annual General Meeting |
| Dividend | 22 Dec 2023 | — | — | 1.00 | |
| Dividend | 22 Sep 2022 | — | — | 1.00 | |
| Dividend | 15 Dec 2021 | — | — | 1.00 | |
| Dividend | 23 Dec 2020 | — | — | 1.00 | |
| Dividend | 20 Sep 2019 | — | — | 1.00 | |
| Dividend | 19 Sep 2018 | — | — | 1.00 | |
| Dividend | 21 Sep 2017 | — | — | 1.10 | |
| Dividend | 22 Sep 2016 | — | — | 0.10 | |
| Dividend | 29 Mar 2016 | 30 Mar 2016 | — | 0.90 | |
| Dividend | 23 Sep 2015 | — | — | 1.00 | |
| Dividend | 24 Sep 2014 | — | — | 1.00 | |
| Dividend | 24 Sep 2013 | — | — | 1.00 | |
| Dividend | 26 Sep 2012 | — | — | 0.60 | |
| Dividend | 21 Sep 2011 | — | — | 0.60 | |
| Dividend | 15 Sep 2010 | — | — | 1.00 | |
| Dividend | 23 Sep 2009 | — | — | 0.60 | |
| Other | 23 Sep 2009 | — | — | — | Dividend-Re.0.60 Pr Share |
| Dividend | 10 Sep 2008 | — | — | 0.35 | |
| Bonus | 29 Jan 2008 | 05 Feb 2008 | 2:1 | — | |
| Other | 29 Jan 2008 | 05 Feb 2008 | — | — | Fv Spl-Rs2 To Re1/Bon-2:1 |
| Dividend | 14 Sep 2007 | — | — | 2.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=2.0 |
| Dividend | 14 Sep 2007 | — | — | 1.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=2.0 |
| Dividend | 08 Sep 2006 | — | — | 1.00 | |
| Dividend | 05 Aug 2005 | — | — | 0.65 | |
| Dividend | 08 Aug 2001 | — | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update26 Feb from brickwork
-
Rating update31 Jan 2025 from brickwork
-
Rating update24 Nov 2023 from brickwork
-
Rating update25 Nov 2022 from brickwork
-
Rating update24 Nov 2021 from brickwork
-
Rating update20 May 2021 from brickwork