Rajesh Exports (RAJESHEXPO-BZ)₹51.34−0.79%Gems, Jewellery And Watches
In the Jun 2026 quarter (consolidated), Rajesh Exports reported sales of ₹2.40 L Cr, up 82.5% from Jun 2025, and net profit of ₹46.85 Cr. For the year to Mar 2026, sales were ₹7.80 L Cr and net profit ₹112 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| 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 | 38,070 | 65,470 | 91,528 | 60,436 | 66,965 | 96,643 | 1,99,336 | 1,31,689 | 1,75,309 | 2,35,131 | 2,37,164 | 2,40,380 |
| Expenses | 37,951 | 65,373 | 91,556 | 60,241 | 66,806 | 96,492 | 1,98,921 | 1,31,410 | 1,74,920 | 2,34,762 | 2,36,999 | 2,40,160 |
| Operating Profit | 50.07 | 12.01 | −164 | 37.06 | 77.06 | 67.05 | −14.02 | 42.07 | 176 | 114 | −225 | 59.06 |
| OPM % | 0.1% | 0.0% | −0.2% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.1% | 0.1% | −0.1% | 0.0% |
| Other Income | 14.02 | 12.01 | 206 | 21.01 | 22.01 | 21.02 | 54.09 | 9.01 | 12.01 | 11.01 | 241 | 12.01 |
| Interest | 0.00 | 0.00 | 42.90 | 29.91 | 31.94 | 32.91 | 36.90 | 37.90 | 38.87 | 45.89 | 40.89 | −0.99 |
| Depreciation | 10.96 | 10.97 | 10.97 | 10.97 | 11.97 | 11.97 | 10.97 | 11.96 | 12.97 | 12.96 | 13.97 | 14.97 |
| Profit before tax | 52.81 | 12.97 | −12.96 | 16.96 | 53.81 | 42.89 | −7.98 | 1.99 | 137 | 64.84 | −39.88 | 54.88 |
| Tax % | 14.0% | 2.0% | 142.0% | 32.0% | 16.0% | 18.0% | −123.0% | 642.0% | 24.0% | −9.0% | 34.0% | 15.0% |
| Net Profit | 44.85 | 11.95 | −29.90 | 11.96 | 45.86 | 35.88 | 1.99 | −9.96 | 104 | 70.74 | −53.81 | 46.85 |
| EPS (Rs) | 1.52 | 0.43 | −1.04 | 0.41 | 1.55 | 1.19 | 0.08 | −0.33 | 3.51 | 2.41 | −1.82 | 1.59 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,65,179 | 2,42,334 | 1,87,838 | 1,75,994 | 1,95,776 | 2,58,328 | 2,43,189 | 3,39,910 | 2,80,929 | 4,23,409 | 7,79,701 | 8,87,984 |
| Expenses | 1,63,334 | 2,40,237 | 1,85,766 | 1,73,925 | 1,93,852 | 2,56,966 | 2,41,526 | 3,37,528 | 2,80,186 | 4,22,333 | 7,78,315 | 8,86,841 |
| Operating Profit | 1,728 | 1,752 | 1,886 | 1,797 | 1,550 | 1,125 | 1,180 | 1,637 | 329 | 167 | 107 | 124 |
| OPM % | 1.1% | 0.7% | 1.0% | 1.0% | 0.8% | 0.4% | 0.5% | 0.5% | 0.1% | 0.0% | 0.0% | 0.0% |
| Other Income | 42.02 | 48.08 | 62.08 | 66.08 | 7.01 | 3.01 | 40.04 | 24.02 | 243 | 118 | 273 | 276 |
| Interest | 577 | 429 | 536 | 441 | 221 | 142 | 89.83 | 80.73 | 139 | 133 | 163 | 125 |
| Depreciation | 78.82 | 64.77 | 67.83 | 73.82 | 72.76 | 89.81 | 90.77 | 101 | 63.83 | 44.89 | 51.88 | 54.87 |
| Profit before tax | 1,109 | 1,299 | 1,338 | 1,342 | 1,258 | 891 | 1,035 | 1,474 | 367 | 107 | 164 | 217 |
| Tax % | 4.0% | 5.0% | 6.0% | 4.0% | 4.0% | 5.0% | 3.0% | 3.0% | 9.0% | 11.0% | 32.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | −2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 1,066 | 1,240 | 1,262 | 1,289 | 1,202 | 843 | 1,006 | 1,427 | 336 | 94.70 | 112 | 168 |
| EPS (Rs) | 36.20 | 42.09 | 42.89 | 43.77 | 40.85 | 28.62 | 34.21 | 48.52 | 11.42 | 3.22 | 3.82 | 5.69 |
| Dividend payout % | 3.0% | 3.0% | 2.0% | 2.0% | 2.0% | 4.0% | 3.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30.06 | 30.03 | 30.09 | 30.07 | 30.09 | 30.03 | 30.08 | 30.09 | 30.06 | 30.05 | 30.07 | 30.03 |
| Reserves | 3,335 | 4,364 | 5,623 | 7,160 | 8,837 | 10,513 | 11,221 | 12,451 | 14,719 | 15,246 | 15,682 | 17,246 |
| Borrowings | 3,842 | 4,591 | 5,566 | 8,732 | 6,216 | 1,278 | 1,023 | 817 | 724 | 656 | 924 | 1,016 |
| Other Liabilities | 8,920 | 12,013 | 13,005 | 7,680 | 13,869 | 19,007 | 11,284 | 10,706 | 7,464 | 6,200 | 12,829 | 22,717 |
| Total Liabilities | 16,126 | 20,998 | 24,224 | 23,601 | 28,951 | 30,827 | 23,558 | 24,004 | 22,936 | 22,131 | 29,465 | 41,009 |
| Fixed Assets | 264 | 1,287 | 1,199 | 1,290 | 1,451 | 1,521 | 1,448 | 1,450 | 2,038 | 2,073 | 1,340 | 1,381 |
| CWIP | 0.00 | 61.72 | 87.59 | 4.98 | 1.99 | 0.99 | 11.95 | 5.97 | 37.87 | 8.96 | 9.95 | 3.99 |
| Investments | 60.22 | 843 | 921 | 1,024 | 1,091 | 1,145 | 1,044 | 1,116 | 1,245 | 1,295 | 10,787 | 11,825 |
| Other Assets | 15,801 | 18,807 | 22,017 | 21,282 | 26,408 | 28,160 | 21,054 | 21,432 | 19,615 | 18,754 | 17,329 | 27,798 |
| Inventories | 569 | 996 | 1,166 | 1,726 | 3,947 | 4,784 | 7,421 | 7,686 | 6,062 | 4,211 | 9,647 | 17,788 |
| Trade receivables | 2,994 | 4,896 | 5,032 | 4,000 | 6,162 | 9,344 | 10,375 | 10,732 | 10,380 | 11,333 | 4,944 | 6,456 |
| Cash & equivalents | 11,389 | 12,048 | 14,802 | 14,455 | 15,038 | 12,768 | 2,050 | 1,806 | 2,092 | 2,268 | 1,887 | 2,609 |
| Total Assets | 16,126 | 20,998 | 24,224 | 23,601 | 28,951 | 30,827 | 23,558 | 24,004 | 22,936 | 22,131 | 29,465 | 41,009 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 4,193 | 2,074 | 2,482 | −2,875 | 3,492 | 2,578 | −10,272 | −4.01 | 458 | 140 | 7,753 | 373 |
| Cash from investing activity | −203 | −1,545 | −223 | −96.59 | 101 | 323 | −53.75 | 85.71 | 9.96 | 69.71 | −8,273 | −1,084 |
| Cash from financing activity | 210 | 138 | 527 | 2,587 | −2,981 | −5,152 | −428 | −325 | −186 | −32.88 | 187 | 195 |
| Net cash flow | 4,178 | 655 | 2,768 | −370 | 592 | −2,270 | −10,701 | −243 | 280 | 176 | −375 | −518 |
| Capex | 158 | 1,166 | 3.01 | 53.16 | 235 | 141 | 27.09 | 88.27 | 724 | 68.13 | 0.00 | 43.09 |
| Free cash flow | 4,009 | 902 | 2,461 | −2,911 | 3,233 | 2,423 | −10,241 | −91.70 | −264 | 71.73 | 8,750 | 328 |
| CFO / OP % | 324.1% | 125.0% | 146.1% | −147.0% | 197.1% | 170.1% | −907.9% | 2.0% | 30.0% | −8.0% | 4,638.1% | 163.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 22 | 11 | 8 | 8 | 13 | 17 | 15 | 16 | 11 | 15 | 4 | 3 |
| Inventory days | 3 | 1 | 1 | 2 | 7 | 8 | 10 | 11 | 6 | 4 | 7 | 7 |
| Days payable | 65 | 24 | 18 | 14 | 28 | 35 | 16 | 16 | 8 | 8 | 11 | 10 |
| Cash conversion cycle | −38 | −10 | −8 | −2 | −6 | −8 | 10 | 13 | 11 | 13 | 3 | 2 |
| Working capital days | −60 | −19 | −15 | −17 | −17 | −8 | 10 | 13 | 11 | 14 | 3 | 2 |
| ROCE % | 18.0% | 20.0% | 17.0% | 14.0% | 12.0% | 11.0% | 9.0% | 9.0% | 11.0% | 3.0% | 1.0% | 2.0% |
For the Jun 2026 quarter, Rajesh Exports reported sales of ₹2.40 L Cr, up 82.5% year on year and net profit of ₹46.85 Cr. The operating margin was 0.0%.
Rajesh Exports' sales for the year to Mar 2026 were ₹7.80 L Cr; over the last twelve months they were ₹8.88 L Cr.
Net profit for the year to Mar 2026 was ₹112 Cr, and ₹168 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5.69.
Rajesh Exports reported borrowings of ₹1,016 Cr at Mar 2026, against cash and equivalents of ₹2,609 Cr.
Cash from operations was ₹373 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹328 Cr.