Financials Rajesh Exports Limited Bombay S.E.

Equities

Market Closed - Bombay S.E. Other stock markets 11:00:54 14/06/2024 BST			5-day change	1st Jan Change
291 ^INR	+1.24%		+4.12%	-20.64%

05-01	Rajesh Exports Limited Announces Cessation of Vijayalakshmi as Independent Director	CI
02-14	Rajesh Exports Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	196,628	161,699	141,370	204,054	180,138	85,891	-	-
Enterprise Value (EV) ¹	107,978	40,087	141,370	194,100	166,478	61,696	84,195	76,643
P/E ratio	15.2 x	13.4 x	16.7 x	20.2 x	12.6 x	23.1 x	9.9 x	6.75 x
Yield	0.15%	0.18%	0.21%	0.14%	0.16%	0.34%	0.34%	0.34%
Capitalization / Revenue	0.11 x	0.08 x	0.05 x	0.08 x	0.05 x	0.03 x	0.03 x	0.02 x
EV / Revenue	0.06 x	0.02 x	0.05 x	0.08 x	0.05 x	0.02 x	0.03 x	0.02 x
EV / EBITDA	5,799,676 x	-	-	-	-	-	-	-
EV / FCF	3.32 x	1.65 x	-1.38 x	-211 x	32.2 x	24.9 x	16.9 x	9.78 x
FCF Yield	30.1%	60.7%	-72.7%	-0.47%	3.11%	4.02%	5.92%	10.2%
Price to Book	2.74 x	1.53 x	1.26 x	1.64 x	1.22 x	0.51 x	0.56 x	0.52 x
Nbr of stocks (in thousands)	295,260	295,260	295,260	295,260	295,260	295,260	-	-
Reference price ²	666.0	547.6	478.8	691.1	610.1	290.9	290.9	290.9
Announcement Date	29/05/19	30/06/20	30/06/21	30/05/22	30/05/23	30/05/24	-	-

¹INR in Million²INR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,757,631	1,956,002	2,583,131	2,431,279	3,396,895	2,806,764	3,303,599	3,792,532
EBITDA	18,618	-	-	-	-	-	-	-
EBIT ¹	17,875	12,613	8,940	10,385	14,785	2,639	9,486	13,924
Operating Margin	1.02%	0.64%	0.35%	0.43%	0.44%	0.09%	0.29%	0.37%
Earnings before Tax (EBT) ¹	13,458	12,613	8,940	10,385	14,785	3,669	9,486	13,924
Net income ¹	12,924	12,059	8,455	10,086	14,323	3,355	8,674	12,732
Net margin	0.74%	0.62%	0.33%	0.41%	0.42%	0.12%	0.26%	0.34%
EPS ²	43.77	40.84	28.65	34.16	48.52	11.41	29.38	43.12
Free Cash Flow ¹	32,484	24,318	-102,783	-920.3	5,174	2,482	4,988	7,839
FCF margin	1.85%	1.24%	-3.98%	-0.04%	0.15%	0.09%	0.15%	0.21%
FCF Conversion (EBITDA)	174.48%	-	-	-	-	-	-	-
FCF Conversion (Net income)	251.35%	201.66%	-	-	36.13%	73.97%	57.51%	61.57%
Dividend per Share ²	1.000	1.000	1.000	1.000	1.000	1.000	1.000	1.000
Announcement Date	29/05/19	30/06/20	30/06/21	30/05/22	30/05/23	30/05/24	-	-

¹INR in Million²INR

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	88,650	121,612	-	9,954	13,660	16,120	1,697	9,249
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	32,484	24,318	-102,783	-920	5,174	2,482	4,988	7,839
ROE (net income / shareholders' equity)	15.8%	12.4%	7.77%	8.52%	10.5%	2.24%	5.4%	7.3%
ROA (Net income/ Total Assets)	4.83%	4.05%	3.12%	4.26%	6.12%	1.49%	5.4%	6.9%
Assets ¹	267,355	297,846	271,007	236,942	233,952	224,734	160,626	184,520
Book Value Per Share ²	243.0	357.0	380.0	421.0	499.0	518.0	516.0	558.0
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	2,340	1,406	268	876	7,219	679	1,336	1,534
Capex / Sales	0.13%	0.07%	0.01%	0.04%	0.21%	0.02%	0.04%	0.04%
Announcement Date	29/05/19	30/06/20	30/06/21	30/05/22	30/05/23	30/05/24	-	-

¹INR in Million²INR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

290.9 INR

Average target price

600 INR

Spread / Average Target

+106.26%

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