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Rajesh Exports

BSE:531500
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
531500
BSE
₹167B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Rajesh Exports Limited, a gold refiner, manufactures, wholesales, and retails gold and diamond jewellery, and various gold products in India. The last earnings update was 22 days ago. More info.


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531500 Share Price and Events
7 Day Returns
-0.5%
BSE:531500
0.3%
IN Luxury
1%
IN Market
1 Year Returns
-29.1%
BSE:531500
-8.7%
IN Luxury
-8.2%
IN Market
531500 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rajesh Exports (531500) -0.5% -1% -0.4% -29.1% -19.8% 610.7%
IN Luxury 0.3% -0.2% -2.3% -8.7% 55.9% 186.4%
IN Market 1% -2.2% -1.2% -8.2% 46.7% 78.8%
1 Year Return vs Industry and Market
  • 531500 underperformed the Luxury industry which returned -8.7% over the past year.
  • 531500 underperformed the Market in India which returned -8.2% over the past year.
Price Volatility
531500
Industry
5yr Volatility vs Market

Value

 Is Rajesh Exports undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rajesh Exports to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rajesh Exports.

BSE:531500 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:531500
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.573 (1 + (1- 35%) (51.68%))
0.766
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%)
13.51%

Discounted Cash Flow Calculation for BSE:531500 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rajesh Exports is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:531500 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 16,795.90 16,293.60 18,578.50 20,540.30 23,826.75
Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Est @ 16%, capped from 30.94%
Present Value
Discounted (@ 13.51%)
14,796.85 12,645.87 12,703.06 12,372.87 12,644.28
Present value of next 5 years cash flows ₹65,162.92
BSE:531500 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹23,826.75 × (1 + 7.55%) ÷ (13.51% – 7.55%)
₹429,960.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹429,960.86 ÷ (1 + 13.51%)5
₹228,169.88
BSE:531500 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹65,162.92 + ₹228,169.88
₹293,332.80
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹293,332.80 / 295.26
₹998.93
BSE:531500 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BSE:531500 represents 1.00549x of NSEI:RAJESHEXPO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00549x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 993.47 x 1.00549
₹998.93
Value per share (INR) From above. ₹998.93
Current discount Discount to share price of ₹567.85
= -1 x (₹567.85 - ₹998.93) / ₹998.93
43.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Rajesh Exports is available for.
Intrinsic value
43%
Share price is ₹567.85 vs Future cash flow value of ₹998.93
Current Discount Checks
For Rajesh Exports to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rajesh Exports's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rajesh Exports's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rajesh Exports's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rajesh Exports's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:531500 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹47.39
NSEI:RAJESHEXPO Share Price ** NSEI (2019-02-22) in INR ₹564.75
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.69x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rajesh Exports.

BSE:531500 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:RAJESHEXPO Share Price ÷ EPS (both in INR)

= 564.75 ÷ 47.39

11.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rajesh Exports is overvalued based on earnings compared to the IN Luxury industry average.
  • Rajesh Exports is good value based on earnings compared to the India market.
Price based on expected Growth
Does Rajesh Exports's expected growth come at a high price?
Raw Data
BSE:531500 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
13.8%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.99x
India Market PEG Ratio Median Figure of 607 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

BSE:531500 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.92x ÷ 13.8%

0.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rajesh Exports is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Rajesh Exports's assets?
Raw Data
BSE:531500 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹288.45
NSEI:RAJESHEXPO Share Price * NSEI (2019-02-22) in INR ₹564.75
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.05x
BSE:531500 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:RAJESHEXPO Share Price ÷ Book Value per Share (both in INR)

= 564.75 ÷ 288.45

1.96x

* Primary Listing of Rajesh Exports.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rajesh Exports is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Rajesh Exports's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Rajesh Exports has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Rajesh Exports expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rajesh Exports expected to grow at an attractive rate?
  • Rajesh Exports's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Rajesh Exports's earnings growth is positive but not above the India market average.
  • Rajesh Exports's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:531500 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:531500 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 13.8%
BSE:531500 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 8.3%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:531500 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:531500 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 2,421,239 21,519 21,128 1
2021-03-31 2,266,676 19,495 18,838 1
2020-03-31 2,054,786 17,142 15,769 2
2019-03-31 1,907,384 17,571 13,971 2
BSE:531500 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,851,623 13,993
2018-09-30 1,824,500 13,848
2018-06-30 1,812,041 13,681
2018-03-31 1,876,861 -28,696 12,658
2017-12-31 1,981,136 12,264
2017-09-30 2,212,950 12,590
2017-06-30 2,336,234 12,728
2017-03-31 2,421,320 24,738 12,436
2016-12-31 2,437,953 11,631
2016-09-30 2,291,282 11,316
2016-06-30 2,089,839 10,995
2016-03-31 1,651,787 20,699 10,690

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rajesh Exports's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Rajesh Exports's revenue is expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:531500 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Rajesh Exports Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:531500 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 71.56 71.56 71.56 1.00
2021-03-31 63.80 63.80 63.80 1.00
2020-03-31 53.41 54.92 51.90 2.00
2019-03-31 47.32 47.82 46.82 2.00
BSE:531500 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 47.39
2018-09-30 46.90
2018-06-30 46.34
2018-03-31 42.87
2017-12-31 41.53
2017-09-30 42.64
2017-06-30 43.11
2017-03-31 42.12
2016-12-31 39.40
2016-09-30 38.33
2016-06-30 37.24
2016-03-31 36.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Rajesh Exports is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rajesh Exports's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rajesh Exports has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Rajesh Exports performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rajesh Exports's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rajesh Exports has delivered over 20% year on year earnings growth in the past 5 years.
  • Rajesh Exports's 1-year earnings growth is less than its 5-year average (14.1% vs 23.5%)
  • Rajesh Exports's earnings growth has not exceeded the IN Luxury industry average in the past year (14.1% vs 14.1%).
Earnings and Revenue History
Rajesh Exports's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rajesh Exports Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:531500 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,851,623.37 13,992.51 4,463.42
2018-09-30 1,824,499.69 13,848.07 4,440.18
2018-06-30 1,812,040.51 13,680.86 1,474.73
2018-03-31 1,876,861.04 12,657.87 4,428.37
2017-12-31 1,981,136.29 12,263.72 3,498.42
2017-09-30 2,212,950.19 12,590.08 3,526.62
2017-06-30 2,336,234.38 12,728.49 1,539.07
2017-03-31 2,421,319.84 12,436.33 3,595.54
2016-12-31 2,437,953.26 11,631.01 4,261.89
2016-09-30 2,291,282.24 11,316.26 4,234.21
2016-06-30 2,089,838.77 10,994.70 1,436.83
2016-03-31 1,651,787.05 10,690.03 3,786.07
2015-12-31 1,284,490.27 10,252.29 1,044.71
2015-09-30 910,623.28 8,938.00 814.13
2015-06-30 577,021.05 7,737.50 402.04
2015-03-31 504,628.94 6,549.10 2,791.83
2014-12-31 435,273.70 5,065.61 703.81
2014-09-30 361,179.28 4,269.73 628.81
2014-06-30 315,990.75 3,698.11 258.71
2014-03-31 291,971.97 3,574.50 525.72
2013-12-31 285,053.70 4,106.71 222.12
2013-09-30 313,055.44 4,504.71 222.96
2013-06-30 316,104.50 4,624.61 215.02
2013-03-31 312,259.64 4,526.04 205.48
2012-12-31 281,808.35 4,376.52 384.80
2012-09-30 268,759.03 4,209.49 382.26
2012-06-30 258,974.56 4,155.74 382.95
2012-03-31 256,538.50 4,124.30 380.89

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Rajesh Exports has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rajesh Exports used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Rajesh Exports's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rajesh Exports's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rajesh Exports has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Rajesh Exports's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rajesh Exports's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rajesh Exports is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rajesh Exports's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rajesh Exports's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rajesh Exports Company Filings, last reported 1 month ago.

BSE:531500 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 85,197.93 86,173.25 179,599.95
2018-09-30 85,197.93 86,173.25 179,599.95
2018-06-30 71,746.46 89,613.69 144,695.50
2018-03-31 71,746.46 89,613.69 144,695.50
2017-12-31 65,161.32 93,432.99 115,270.72
2017-09-30 65,161.32 93,432.99 115,270.72
2017-06-30 58,863.92 59,020.18 148,401.99
2017-03-31 58,841.26 59,020.18 148,401.99
2016-12-31 53,878.14 45,139.47 124,324.85
2016-09-30 53,878.14 45,139.47 124,324.85
2016-06-30 46,655.49 48,198.20 118,652.95
2016-03-31 47,832.14 50,915.38 120,629.41
2015-12-31 43,719.45 35,907.81 105,870.53
2015-09-30 43,719.45 35,907.81 105,870.53
2015-06-30 34,198.80 36,775.92 121,872.38
2015-03-31 33,616.43 38,424.88 114,063.84
2014-12-31 30,206.00 31,457.28 75,120.20
2014-09-30 30,206.00 31,457.28 75,120.20
2014-06-30 27,446.31 31,058.74 93,921.04
2014-03-31 27,424.91 31,176.19 72,141.60
2013-12-31
2013-09-30
2013-06-30 24,145.67 27,286.13 98,457.63
2013-03-31 24,145.67 27,286.13 98,457.63
2012-12-31
2012-09-30
2012-06-30 19,886.15 32,566.66 78,548.32
2012-03-31 19,914.89 32,566.66 78,548.32
  • Rajesh Exports's level of debt (101.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (113.5% vs 101.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess Rajesh Exports's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rajesh Exports has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Rajesh Exports's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.18%
Current annual income from Rajesh Exports dividends. Estimated to be 0.18% next year.
If you bought ₹2,000 of Rajesh Exports shares you are expected to receive ₹4 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Rajesh Exports's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • Rajesh Exports's dividend is below the markets top 25% of dividend payers in India (2.04%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:531500 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:531500 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 1.00 1.00
2021-03-31 1.00 1.00
2020-03-31 1.00 1.00
2019-03-31 1.00 1.00
BSE:531500 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-10-01 1.000 0.173
2018-07-11 1.000 0.157
2018-05-30 1.000 0.168
2017-09-06 1.100 0.145
2017-05-26 1.100 0.159
2016-09-07 1.000 0.197
2016-05-30 1.000 0.220
2016-03-21 1.000 0.172
2015-09-30 1.000 0.148
2014-09-09 1.000 0.487
2013-10-01 1.000 0.960
2012-09-28 0.600 0.504
2011-08-16 3.220 2.475
2011-08-12 0.600 0.550
2010-09-23 1.000 0.912
2009-06-30 0.600 0.784
2009-06-01 0.600 1.253
2009-02-24 0.350 1.257

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rajesh Exports is not paying a notable dividend for India, therefore no need to check if the payments are stable.
  • Rajesh Exports is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Rajesh Exports's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Rajesh Exports's dividends as it is not paying a notable one for India.
Future Payout to shareholders
  • No need to calculate the sustainability of Rajesh Exports's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess Rajesh Exports's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rajesh Exports afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rajesh Exports has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Rajesh Exports's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rajesh Mehta
COMPENSATION ₹120,000
AGE 54
CEO Bio

Mr. Rajesh Jasvantrai Mehta serves as the Executive Chairman of Rajesh Exports Ltd. and has been its Director since February 1, 1995. Mr. Mehta serves as the Chief Executive Officer at Rajesh Exports Limited. Mr. Mehta is responsible for the overall functioning of the company, in addition to being specifically in-charge of finance and marketing functions. He has an experience of over twenty five years in the functioning and management of jewellery trade and has traveled extensively within India and abroad for establishing a strong network in the industry. He is a Member of the Export Trade Advisory Committee of the Bangalore Jewellers Association. He is also the President of the Karnataka Jewellery Exports Association.

CEO Compensation
  • Rajesh's compensation has been consistent with company performance over the past year.
  • Rajesh's remuneration is lower than average for companies of similar size in India.
Management Team

Rajesh Mehta

TITLE
Executive Chairman & CEO
COMPENSATION
₹120K
AGE
54

Prashant Mehta

TITLE
MD & Executive Director
COMPENSATION
₹120K
AGE
56

B. Rao

TITLE
Chief Financial Officer
COMPENSATION
₹424K
AGE
67
TENURE
4 yrs

Adya Ojh

TITLE
Compliance Officer & Company Secretary
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Rajesh Exports board of directors in years:

17.5
Average Tenure
56
Average Age
  • The average tenure for the Rajesh Exports board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rajesh Mehta

TITLE
Executive Chairman & CEO
COMPENSATION
₹120K
AGE
54

Prashant Mehta

TITLE
MD & Executive Director
COMPENSATION
₹120K
AGE
56
TENURE
24 yrs

Y. Venu Reddy

TITLE
Non-Executive & Independent Director
AGE
48
TENURE
17.5 yrs

Gopichandrohra Prasad

TITLE
Non-Executive & Independent Director
AGE
58
TENURE
17.5 yrs

Vijaya Lakshmi

TITLE
Non-Executive & Independent Director
AGE
69
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
05. May 18 Buy Rajesh Mehta Individual 04. May 18 04. May 18 36,000 ₹669.19 ₹24,090,778
04. May 18 Buy Rajesh Mehta Individual 03. May 18 03. May 18 9,789 ₹674.36 ₹6,601,310
21. Apr 18 Buy Rajesh Mehta Individual 20. Apr 18 20. Apr 18 6,500 ₹693.22 ₹4,505,930
17. Apr 18 Buy Rajesh Mehta Individual 16. Apr 18 16. Apr 18 1,616 ₹692.81 ₹1,119,581
14. Apr 18 Buy Rajesh Mehta Individual 13. Apr 18 13. Apr 18 3,500 ₹693.86 ₹2,428,510
25. Apr 18 Buy Rajesh Mehta Individual 24. Apr 18 24. Apr 18 21,000 ₹687.75 ₹14,442,750
11. Apr 18 Buy Rajesh Mehta Individual 10. Apr 18 10. Apr 18 8,000 ₹693.25 ₹5,546,000
06. Apr 18 Buy Rajesh Mehta Individual 05. Apr 18 05. Apr 18 1,500 ₹701.00 ₹1,051,500
05. Apr 18 Buy Rajesh Mehta Individual 04. Apr 18 04. Apr 18 5,000 ₹715.73 ₹3,578,650
04. Apr 18 Buy Rajesh Mehta Individual 03. Apr 18 03. Apr 18 15,556 ₹733.54 ₹11,411,008
03. Apr 18 Buy Rajesh Mehta Individual 02. Apr 18 02. Apr 18 249 ₹736.19 ₹183,311
29. Mar 18 Buy Rajesh Mehta Individual 28. Mar 18 28. Mar 18 1,512 ₹722.23 ₹1,092,012
26. Mar 18 Buy Rajesh Mehta Individual 22. Mar 18 22. Mar 18 34,440 ₹728.96 ₹25,105,494
28. Mar 18 Buy Rajesh Mehta Individual 27. Mar 18 27. Mar 18 20,256 ₹721.50 ₹14,614,663
27. Mar 18 Buy Rajesh Mehta Individual 26. Mar 18 26. Mar 18 53,871 ₹715.21 ₹38,529,324
26. Mar 18 Buy Rajesh Mehta Individual 23. Mar 18 23. Mar 18 26,862 ₹718.02 ₹19,287,331
X
Management checks
We assess Rajesh Exports's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rajesh Exports has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Rajesh Exports Limited (BOM:531500) Undervalued After Accounting For Its Future Growth?

Growth expectations for Rajesh Exports Limited (BOM:531500) are high, but many investors are starting to ask whether its last close at ₹598.25 can still be rationalized by the future potential. … See our latest analysis for Rajesh Exports? … Investors in Rajesh Exports have been patiently waiting for the uptick in earnings.

Simply Wall St -

Company Info

Map
Description

Rajesh Exports Limited, a gold refiner, manufactures, wholesales, and retails gold and diamond jewellery, and various gold products in India. The company operates a network of 80 retail jewelry showrooms under the brand name of SHUBH Jewellers; and distributes its products to the jewelry showrooms. It also exports its products to approximately 60 countries worldwide. The company was incorporated in 1989 and is based in Bengaluru, India.

Details
Name: Rajesh Exports Limited
531500
Exchange: BSE
Founded: 1989
₹166,748,061,845
295,259,959
Website: http://www.rajeshindia.com
Address: Rajesh Exports Limited
# 1, Brunton Road,
Opposite Old Passport Office,
Bengaluru,
Karnataka, 560001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI RAJESHEXPO Equity Shares National Stock Exchange of India IN INR 09. Feb 2000
BSE 531500 Equity Shares Mumbai Stock Exchange IN INR 09. Feb 2000
Number of employees
Current staff
Staff numbers
0
Rajesh Exports employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 12:43
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/08
Last earnings filing: 2019/02/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.