Rajesh Exports Ltd
Fortune 500 2020
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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
Website: www.rajeshindia.com
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
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 139 | 81 | 90 | 142 | 222 | 442 | 537 | 430 | 578 | 478 | 363 | 300 | 369 | 167 | 95 | 142 |
| Cash & Bank Balance (INR Cr) | 2273 | 2096 | 1809 | 2053 | 12788 | 15063 | 14470 | 14840 | 12063 | 11406 | 7214 | 9846 | 7855 | 7815 | 6654 | 5537 |
| Total Debt (INR Cr) | 655 | 723 | 815 | 1021 | 1278 | 6198 | 8717 | 5552 | 4594 | 3842 | 3118 | 2729 | 3257 | 2534 | 2086 | 1933 |
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 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.04 | 0.05 | 0.07 | 0.09 | 0.12 | 0.70 | 1.21 | 0.99 | 1.05 | 1.14 | 1.14 | 1.13 | 1.64 | 1.59 | 1.82 | 2.12 |
| 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% |