Rajesh Exports Ltd

Fortune 500 2020
+ 8 More
+ 8 More
OVERVIEW
FINANCIALS

About

Rajesh Exports Limited (REL) is a global leader in the gold industry, engaged in gold refining, manufacturing, exporting, and retailing. Established in 1989 and headquartered in Bengaluru, REL is the world’s largest processor of gold, refining approximately 35% of the world’s total gold production. The company operates across India, the UAE, and Switzerland, with a refining facility in Switzerland and manufacturing facilities in Bengaluru and Dubai. REL is the largest exporter of gold products from India and operates SHUBH Jewelers, a retail chain in Karnataka. The company offers a diverse product range, including handmade jewelry, casting jewelry, and gold bars through its Valcambi facility in Switzerland.

Incorporation Year: 1995
Headquarters: Bengaluru, Karnataka
Top Management: Founder - Rajesh Jasvantrai Mehta and Prashant Jasvantrai Mehta, Executive Chairman - Rajesh Mehta
Industry: Gems & Jewellery

Featured In Fortune India Ranking

Fortune 500 India
#7(2020)
#7(2019)
#8(2018)
#5(2017)
#7(2016)
#26(2015)
#51(2014)
#38(2013)
#39(2012)
#7(2020)#7(2019)#8(2018)#5(2017)#7(2016)#26(2015)#51(2014)#38(2013)#39(2012)
Ranking Trend Fortune 500 India

Financial Data 2024

Revenue
280,918
(INR Cr)
Net Operating Income
280,676
(INR Cr)
Assets
15,911
(INR Cr)
Profit
336
(INR Cr)
Net Worth
15,247
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
280918
-17.3%
339714
39.7%
243168
-5.9%
258308
32.1%
195607
11.3%
175831
-6.4%
187748
-22.5%
242180
46.6%
165220
227.4%
50463
72.8%
29198
-6.5%
31229
20.8%
25850
25.4%
20623
9.9%
18769
54.7%
12133
-
Net Operating Income
(INR Cr)
280676
-17.37%
339690
39.72%
243128
-5.88%
258306
32.06%
195600
11.29%
175763
-6.35%
187686
-22.49%
242132
46.59%
165179
227.33%
50463
72.83%
29197
-6.50%
31226
0.00%
25654
24.94%
20534
14.75%
17895
57.29%
11377
38.95%
Profit
(INR Cr)
336
-76.6%
1432
41.9%
1009
19.5%
845
-29.9%
1206
-6.7%
1292
2.1%
1266
1.8%
1244
16.3%
1069
63.2%
655
83.2%
357
-21.0%
453
9.7%
412
66.3%
248
28.2%
193
121.3%
87
-
Assets
(INR Cr)
15911
2.9%
15456
16.5%
13269
8.3%
12252
3.6%
11821
-22.1%
15173
-6.0%
16145
36.8%
11803
19.4%
9887
37.1%
7212
22.9%
5869
13.9%
5152
-2.0%
5257
27.1%
4137
28.1%
3231
13.5%
2847
-
Net Worth
(INR Cr)
15247
3.6%
14724
18.3%
12446
10.9%
11221
6.5%
10534
19.2%
8840
23.2%
7175
27.3%
5635
28.3%
4391
30.6%
3362
22.6%
2743
13.6%
2415
0.0%
1991
24.7%
1597
39.6%
1144
25.2%
914
15.8%
Employee Cost
(INR Cr)
183
-15.1%
215
22.3%
176
-4.6%
184
15.0%
160
5.3%
152
3.7%
147
-6.4%
157
38.9%
113
182.9%
40
90.9%
21
198.4%
7
-62.9%
19
58.1%
12
134.1%
5
19.4%
4
-
Interest Cost
(INR Cr)
139819014222244253743057847836330036916795142
Cash & Bank Balance
(INR Cr)
2273209618092053127881506314470148401206311406721498467855781566545537
Total Debt
(INR Cr)
6557238151021127861988717555245943842311827293257253420861933

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 0.1%0.4%0.4%0.3%0.6%0.7%0.7%0.5%0.7%1.3%1.2%1.5%1.6%1.2%1.0%0.7%
Profit As % Of Assets 2.1%9.3%7.6%6.9%10.2%8.5%7.8%10.5%10.8%9.1%6.1%8.8%7.8%6.0%6.0%3.1%
Profit As % Of Networth 2.2%9.7%8.1%7.5%11.5%14.6%17.6%22.1%24.4%19.5%13.0%18.7%20.7%15.5%16.9%9.6%
Interest Cost to EBITDA % 42.3%5.0%7.6%12.7%14.4%24.6%28.5%24.6%33.5%37.8%46.4%38.0%60.9%47.9%--
Debt to Equity Ratio 0.040.050.070.090.120.701.210.991.051.141.141.131.641.591.822.12
RONW 2.2%10.5%8.5%7.8%12.5%16.1%19.8%24.8%27.6%21.5%13.9%18.7%23.0%18.1%16.0%16.1%
ROCE 3.2%10.9%8.8%8.6%11.0%11.4%13.6%16.5%20.2%18.4%13.9%15.3%17.1%11.8%9.0%12.9%