Radhika Jeweltech Ltd
The Emerging Companies 2025
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OVERVIEW
FINANCIALS
About
Radhika Jeweltech Ltd is a Gujarat-based jewellery company founded in 1987 by father-son duo Mathurbhai Zinzuwadia and Ashok Zinzuwadia. It is currently led by Chairman Ashok Zinzuwadia. Radhika Jeweltech currently designs and retails gold and diamond jewellery, offering pieces like necklaces, rings, earrings, pendants and bracelets. Their brand Radhika Jewellers offers both traditional and contemporary pieces, offering design work like kundan and meenakari. Radhika Jewellers became a Public Limited company on 22 July 2016, listed on the BSE and NSE as Radhika Jeweltech Ltd.
Incorporation Year: 2016
Headquarters: Gujarat
Top Management: Ashok Zinzuwadia - Chairman & Managing Director
Industry: Gems & Jewellery
Website: www.radhikajeweltech.com
Featured In Fortune India Ranking
The Emerging Companies
#80(2025)
#80(2025)
Financial Data 2024
Revenue
619
(INR Cr)
Net Operating Income
544
(INR Cr)
Assets
316
(INR Cr)
Profit
50
(INR Cr)
Net Worth
265
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 619 63.82% | 378 47.10% | 257 62.65% | 158 -14.17% | 184 -6.45% | 197 -20.97% | 249 49.79% | 166 24.66% | 133 -38.97% | 218 - |
| Net Operating Income (INR Cr) | 544 73.97% | 313 34.35% | 233 69.39% | 137 -20.03% | 172 -0.70% | 173 -27.78% | 240 52.75% | 157 15.18% | 136 2.54% | 133 - |
| Profit (INR Cr) | 50 66.82% | 30 9.72% | 27 19.63% | 23 76.58% | 13 52.32% | 8 -28.43% | 12 27.03% | 9 210.40% | 3 14.62% | 3 - |
| Assets (INR Cr) | 316 26.72% | 249 18.53% | 210 12.02% | 188 15.84% | 162 -7.91% | 176 -1.29% | 178 6.08% | 168 52.81% | 110 6.78% | 103 - |
| Net Worth (INR Cr) | 265 23.00% | 215 14.52% | 188 15.13% | 163 18.36% | 138 8.99% | 127 7.11% | 118 11.04% | 106 5.99% | 100 -1.01% | 101 0.00% |
| Employee Cost (INR Cr) | 3 56.08% | 2 78.30% | 1 -7.02% | 1 -1.72% | 1 3.57% | 1 9.80% | 1 21.43% | 1 -83.82% | 5 -33.20% | 8 - |
| Interest Cost (INR Cr) | 2 | 0 | 0 | 0 | 2 | 4 | 4 | 4 | 9 | 6 |
| Cash & Bank Balance (INR Cr) | 2 | 13 | 42 | 51 | 18 | 44 | 67 | 77 | 28 | 17 |
| Total Debt (INR Cr) | 50 | 33 | 22 | 24 | 23 | 49 | 60 | 61 | 9 | 1 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 8.01% | 7.86% | 10.54% | 14.33% | 6.97% | 4.28% | 4.72% | 5.57% | 2.24% | 1.19% |
| Profit As % Of Assets | 15.69% | 11.91% | 12.87% | 12.05% | 7.91% | 4.78% | 6.59% | 5.51% | 2.71% | 2.53% |
| Profit As % Of Networth | 18.70% | 13.79% | 14.39% | 13.85% | 9.28% | 6.64% | 9.94% | 8.69% | 2.97% | 2.56% |
| Interest Cost to EBITDA % | 3.55% | 2.40% | 1.53% | 1.38% | 18.34% | 27.19% | 19.85% | 44.31% | 80.07% | 67.84% |
| Debt to Equity Ratio | 0.18 | 0.14 | 0.13 | 0.16 | 0.28 | 0.45 | 0.54 | 0.34 | 0.05 | 0.01 |
| RONW | 20.63% | 14.72% | 15.40% | 15.01% | 7.93% | 5.54% | 9.01% | 5.24% | 2.95% | 2.56% |
| ROCE | 24.58% | 17.87% | 18.55% | 17.11% | 8.23% | 9.54% | 12.44% | 7.89% | 11.40% | 9.71% |