Rajesh Exports Ltd. is an Indian multinational gold retailer engaged in refining, designing, and selling gold and jewellery. It is claimed to be the world’s only company involved at every stage of the gold’s value chain, from refining to retailing. The company was founded in 1989, with its headquarters in Bangalore. Rajesh Exports Ltd. posted a total income of Rs 49,498.14 crore in the June 2022 quarter. It was down 42.34% from the previous quarter that ended in March 2022. On 30 August 2022, the company’s market capitalisation stood at Rs 17,393 crore.
The company is listed on the Bombay Stock Exchange with the code 531500, and on the National Stock Exchange with the code RAJESHEXPO.
Rajesh Exports Ltd. is one of the world’s largest processors of gold. As per its website, in 2022, it processed 35% of the world’s gold production. It is also India’s largest exporter of gold products and the world’s lowest-cost producer of gold jewellery. In 2019, the company won the Export Excellence Award from FKCCI.
On 30 June 2022, the company’s shareholding pattern reflected a 17.7% foreign institutional investor stake, 11.39% domestic institutional investor stake, 54.05% promoter stake, and 16.86% public stake. Mr Rajesh Jasvantrai Mehta is the leading promoter with a 29.97% share, followed by Mr Prashant Jasvantrai Mehta with a 12.59% share. In the June 2022 quarter, mutual fund holdings increased from 0.03% to 0.05%, while FII holdings decreased from 17.72% to 17.70%.
The company’s leadership team comprises Mr Rajesh Mehta, Mr Prashanth Mehta, Mr Prashant Harjivandas Sagar, Mr Joseph T D, Mr Vijendra Rao, Ms Asha Mehta, and Ms Vijaya Lakshmi. The auditors are P V Ramana Reddy & Co. The company’s total outstanding shares on 30 June 2022 were 29.53 crores.
On 30 August 2022, Rajesh Exports Ltd.’s share price closed at Rs 590.85 on BSE. It closed at Rs 589.10 on NSE. The 52-week high for Rajesh Exports Ltd.’s share price was Rs 994.70, and the 52-week low for the company’s share price was Rs 518.50. Rajesh Exports Ltd.’s share gave its investors a one-year return of 1.22%.
The company’s peers include Titan Company Ltd., Kalyan Jewellers India Ltd., Vaibhav Global Ltd., and PC Jeweller Ltd.
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose
Rajesh Exports share price as on 24 Apr 2024 is Rs. 295.65. Over the past 6 months, the Rajesh Exports share price has decreased by 32.34% and in the last one year, it has decreased by 46.37%. The 52-week low for Rajesh Exports share price was Rs. 261 and 52-week high was Rs. 669.3.
Invest
FAQ’s on Rajesh Exports Ltd Shares
