Rajesh Exports Ltd

Rajesh Exports Ltd (RAJESHEXPO) is a micro-cap Consumer Durables company valued at ₹1,740 crore operating in Gems, Jewellery And Watches on the NSE and BSE.

Recent price move

Rajesh Exports Ltd last traded at ₹223.97, modestly up 0.43% on the day.

Recent developments

On 2026-07-07, the National Financial Reporting Authority (NFRA) began a probe into Rajesh Exports over alleged financial misstatements and revenue recognition issues. On 2026-06-25, the Enforcement Directorate (ED) flagged FEMA violations, citing the absence of supporting records for the company's transactions. On 2026-06-24, the ED accused the company of FEMA violations and significant departures from trade norms, failing to produce critical documentation. On the same day, the ED also uncovered opaque trade set-offs and a 40% stock mismatch in the company's operations.

Financial performance

The company's revenue has surged 84.1% annually, but net profit has only grown 18.4% over the same period. The latest quarter saw a dramatic drop in revenue, falling 99.0% compared to the same quarter a year earlier, while net profit swung from a loss to a profit. Margins and returns remain at 0.0%, with return on capital employed at 1.8%.

Valuation multiples

The stock trades at 58.8 times earnings, 0.14 times book value. It yields 1.3%.

Things to watch

The company's net profit margin remains at 0.0%, showing no improvement. The latest quarter's revenue fell 99.0% compared to the same quarter a year earlier. The stock is 5.8% below its 52-week high, and the company has not paid dividends despite reporting profits.

Where it stands

Rajesh Exports Ltd has seen a sharp decline in recent quarterly revenue, while net profit swung from a loss to a profit. The company faces regulatory scrutiny and has not distributed dividends despite reported profits. The stock is trading below its 52-week high, and the company's financial metrics show no improvement in profitability or returns.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.