Cash flow Rajesh Exports Limited

Stocks

RAJESHEXPO

INE343B01030

Apparel & Accessories

Market Closed - NSE India S.E. Other stock markets 12:05:09 12/06/2026 BST			5-day change	1st Jan Change
76.41 ^INR	-5.00%		-26.47%	-58.39%

06-05	An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unit	RE
06-05	Indian shares hold gains after RBI rate pause; rupee support measures in focus	RE

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Published financial data: RAJESH EXPORTS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	2,583B	2,431B	3,397B	2,807B	4,231B
Other Revenues, Total	14.76M	284M	150M	668M	591M
Total Revenues	2,583B	2,432B	3,397B	2,807B	4,232B
Cost of Goods Sold, Total	2,568B	2,415B	3,376B	2,800B	4,226B
Gross Profit	15.38B	16.32B	20.86B	7.19B	5.53B
Selling General & Admin Expenses, Total	4.1B	3.6B	4.32B	2.74B	2.21B
Provision for Bad Debts	23.58M	645M	32.62M	497M	1.05B
Depreciation & Amortization - (IS)	904M	909M	1.01B	644M	454M
Other Operating Expenses	-4.93M	-7.46M	-12.98M	-12.29M	-12.93M
Other Operating Expenses, Total	5.02B	5.15B	5.35B	3.87B	3.7B
Operating Income	10.36B	11.17B	15.51B	3.32B	1.82B
Interest Expense, Total	-1.41B	-830M	-802M	-1.39B	-1.32B
Interest And Investment Income	5.99M	111M	79.64M	1.74B	575M
Net Interest Expenses	-1.4B	-719M	-723M	354M	-749M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	-16.13M	-69.53M	-7.14M	-3.27M	-3.87M
EBT, Excl. Unusual Items	8.94B	10.38B	14.78B	3.67B	1.07B
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	8.94B	10.38B	14.78B	3.67B	1.07B
Income Tax Expense	490M	291M	462M	314M	120M
Earnings From Continuing Operations	8.45B	10.09B	14.32B	3.36B	949M
Net Income to Company	8.45B	10.09B	14.32B	3.36B	949M
Net Income - (IS)	8.45B	10.09B	14.32B	3.36B	949M
Preferred Dividend and Other Adjustments	-4.52M	-1.91M	-	-	-
Net Income to Common Incl Extra Items	8.45B	10.09B	14.32B	3.36B	949M
Net Income to Common Excl. Extra Items	8.45B	10.09B	14.32B	3.36B	949M
Per Share Items
Net EPS - Basic	28.63	34.19	48.51	11.36	3.21
Basic EPS - Continuing Operations	28.63	34.19	48.51	11.36	3.21
Basic Weighted Average Shares Outstanding	295M	295M	295M	295M	295M
Net EPS - Diluted	28.63	34.19	48.51	11.36	3.21
Diluted EPS - Continuing Operations	28.63	34.19	48.51	11.36	3.21
Diluted Weighted Average Shares Outstanding	295M	295M	295M	295M	295M
Normalized Basic EPS	18.92	21.98	31.3	7.77	2.26
Normalized Diluted EPS	18.92	21.98	31.3	7.77	2.26
Dividend Per Share	1	1	-	-	-
Payout Ratio	3.49	2.93	0.95	-	-
Supplemental Items
EBITDA	11.26B	12.08B	16.52B	3.96B	2.28B
EBITA	10.36B	11.17B	15.51B	3.32B	1.82B
EBIT	10.36B	11.17B	15.51B	3.32B	1.82B
EBITDAR	11.28B	12.11B	16.55B	3.97B	2.28B
Total Revenues (As Reported)	2,583B	2,432B	3,397B	2,809B	4,232B
Effective Tax Rate - (Ratio)	5.48	2.81	3.12	8.56	11.23
Total Current Taxes	670M	429M	226M	267M	257M
Total Deferred Taxes	-180M	-138M	236M	46.71M	-137M
Normalized Net Income	5.59B	6.49B	9.24B	2.29B	668M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	21.85M	27.58M	28.6M	6.85M	1.45M
Imputed Operating Lease Interest Expense	21.4M	19.96M	23.87M	11.02M	1.94M
Imputed Operating Lease Depreciation	449K	7.62M	4.72M	-4.17M	-495K
Maintenance & Repair Expenses, Total	147M	147M	183M	133M	119M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	11.17B	7.4B	10.16B	15.97B	11.49B
Short Term Investments	9.32B	10.64B	10.74B	6.7B	7.42B
Total Cash And Short Term Investments	20.48B	18.04B	20.9B	22.67B	18.91B
Accounts Receivable, Total	103B	107B	104B	113B	49.33B
Other Receivables	142M	162M	110M	141M	-
Notes Receivable	4.82B	4.8B	3.79B	3.69B	2.83B
Total Receivables	108B	112B	107B	117B	52.15B
Inventory	74.07B	76.69B	60.49B	42.05B	96.26B
Other Current Assets, Total	6.15B	6.12B	6.13B	4.81B	5.06B
Total Current Assets	209B	213B	195B	186B	172B
Gross Property Plant And Equipment	16.3B	16.84B	24.02B	24.65B	12.06B
Accumulated Depreciation	-9B	-10.03B	-11.72B	-12.48B	-7.52B
Net Property Plant And Equipment	7.3B	6.8B	12.31B	12.17B	4.54B
Long-term Investments	10.41B	11.13B	12.41B	12.92B	107B
Other Intangibles, Total	7.29B	7.75B	8.46B	8.63B	8.95B
Loans Receivable Long-Term	572M	576M	595M	593M	346M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	-	-1K	-	-	-4K
Total Assets	235B	239B	229B	221B	294B
Liabilities
Accounts Payable, Total	110B	104B	71.57B	59.2B	124B
Accrued Expenses, Total	-	455K	-	-	-
Short-term Borrowings	10.21B	8.15B	7.23B	6.55B	9.23B
Current Income Taxes Payable	653M	893M	697M	657M	45.72M
Other Current Liabilities	560M	641M	889M	642M	894M
Total Current Liabilities	122B	114B	80.39B	67.05B	134B
Long-Term Debt	-	-	-	-	-
Unearned Revenue Non Current	28.66M	25.56M	25.56M	25.56M	5.86M
Pension & Other Post Retirement Benefits	5.98M	5.59M	4.48M	3.24M	2.52M
Deferred Tax Liability Non Current	824M	718M	1.03B	1.11B	1.01B
Other Non Current Liabilities	57.22M	59.55M	62.24M	62.14M	62.45M
Total Liabilities	123B	115B	81.51B	68.25B	135B
Common Stock, Total	295M	295M	295M	295M	295M
Additional Paid In Capital	6.45B	6.45B	6.45B	6.45B	6.45B
Retained Earnings	94.49B	104B	118B	122B	122B
Comprehensive Income and Other	10.98B	13.43B	22.02B	23.88B	28.23B
Total Common Equity	112B	124B	147B	152B	157B
Minority Interest	-	-	-	-	1.47B
Total Equity	112B	124B	147B	152B	158B
Total Liabilities And Equity	235B	239B	229B	221B	294B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	295M	295M	295M	295M	295M
ECS Total Common Shares Outstanding	295M	295M	295M	295M	295M
Book Value / Share	380.05	421.52	498.67	516.39	531.11
Tangible Book Value	105B	117B	139B	144B	148B
Tangible Book Value Per Share	355.37	395.27	470.01	487.16	500.79
Total Debt	10.21B	8.15B	7.23B	6.55B	9.23B
Net Debt	-10.27B	-9.9B	-13.67B	-16.12B	-9.67B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.98M	5.59M	4.48M	3.24M	3.88M
Debt Equivalent Oper. Leases	175M	221M	229M	54.8M	11.58M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	1.47B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	7.73B	7B	4.31B	3.46B	6.68B
Inventories - Work In Process, Total	45.22B	46.68B	38.93B	26.25B	64.3B
Inventories - Finished Goods, Total	21.12B	23.01B	17.24B	12.34B	25.28B
Inventories - Others	-	-	-	-	-
Land - (BS)	359M	367M	396M	405M	420M
Buildings, Total	5.35B	5.55B	7.27B	7.6B	4.42B
Machinery, Total	10.28B	10.65B	15.77B	16.36B	6.92B
Full Time Employees	181	135	141	111	112
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	8.45B	10.09B	14.32B	3.36B	949M
Depreciation & Amortization - CF	904M	909M	1.01B	644M	454M
Depreciation & Amortization, Total	904M	909M	1.01B	644M	454M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Other Operating Activities, Total	1.42B	894M	959M	3.37B	738M
Change In Accounts Receivable	-10.11B	-3.57B	4.58B	-9.99B	62.97B
Change In Inventories	-26.33B	-2.62B	16.2B	18.44B	-54.21B
Change In Accounts Payable	-	-	-	-	65.76B
Change in Other Net Operating Assets	-76.85B	-5.75B	-32.44B	-12.65B	718M
Cash from Operations	-103B	-43.81M	4.63B	3.16B	77.38B
Capital Expenditure	-268M	-876M	-7.22B	-679M	-
Sale of Property, Plant, and Equipment	-	-	-	-	10.49B
Investment in Marketable and Equity Securities, Total	1B	-716M	-1.28B	-511M	-96.11B
Other Investing Activities, Total	4.93M	7.46M	12.98M	12.29M	13.23M
Cash from Investing	741M	-1.58B	-8.49B	-1.18B	-85.61B
Short Term Debt Issued, Total	-	9.4M	768M	91.44M	2.68B
Total Debt Issued	-	9.4M	768M	91.44M	2.68B
Short Term Debt Repaid, Total	-2.57B	-2.07B	-1.68B	-782M	-
Total Debt Repaid	-2.57B	-2.07B	-1.68B	-782M	-
Common Dividends Paid	-295M	-295M	-136M	-	-
Common & Preferred Stock Dividends Paid	-295M	-295M	-136M	-	-
Other Financing Activities, Total	-1.42B	-900M	-810M	-1.39B	-801M
Cash from Financing	-4.29B	-3.26B	-1.86B	-2.08B	1.88B
Foreign Exchange Rate Adjustments	-1.28B	2.45B	8.59B	1.86B	2.59B
Miscellaneous Cash Flow Adjustments	-	-	-	-1K	2K
Net Change in Cash	-107B	-2.44B	2.88B	1.77B	-3.76B
Supplemental Items
Cash Interest Paid	1.41B	830M	802M	1.39B	1.32B
Cash Income Tax Paid (Refund)	490M	291M	299M	-1.66B	142M
Levered Free Cash Flow	-107B	-5.33B	-8.83B	-1.14B	75.64B
Unlevered Free Cash Flow	-106B	-4.81B	-8.32B	-276M	76.47B
Change In Net Working Capital	113B	11.82B	11.81B	2.32B	-74.88B
Net Debt Issued / Repaid	-2.57B	-2.06B	-913M	-690M	2.68B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.39	2.95	4.14	0.92	0.44
Return on Total Capital	5.38	5.48	6.76	1.32	0.7
Return On Equity %	7.77	8.53	10.54	2.24	0.61
Return on Common Equity	7.77	8.53	10.54	2.24	0.61
Margin Analysis
Gross Profit Margin %	0.6	0.67	0.61	0.26	0.13
SG&A Margin	0.16	0.15	0.13	0.1	0.05
EBITDA Margin %	0.44	0.5	0.49	0.14	0.05
EBITA Margin %	0.4	0.46	0.46	0.12	0.04
EBIT Margin %	0.4	0.46	0.46	0.12	0.04
Income From Continuing Operations Margin %	0.33	0.42	0.42	0.12	0.02
Net Income Margin %	0.33	0.42	0.42	0.12	0.02
Net Avail. For Common Margin %	0.33	0.42	0.42	0.12	0.02
Normalized Net Income Margin	0.22	0.27	0.27	0.08	0.02
Levered Free Cash Flow Margin	-4.14	-0.22	-0.26	-0.04	1.79
Unlevered Free Cash Flow Margin	-4.11	-0.2	-0.24	-0.01	1.81
Asset Turnover
Asset Turnover	9.53	10.26	14.52	12.49	16.45
Fixed Assets Turnover	339.03	344.86	355.55	229.42	506.45
Receivables Turnover (Average Receivables)	26.27	23.09	32.25	25.92	52.11
Inventory Turnover (Average Inventory)	42.16	32.04	49.22	54.62	61.11
Short Term Liquidity
Current Ratio	1.72	1.87	2.43	2.78	1.28
Quick Ratio	1.02	1.1	1.55	2.03	0.51
Operating Cash Flow to Current Liabilities	-0.84	-0	0.06	0.05	0.58
Days Sales Outstanding (Average Receivables)	13.9	15.81	11.32	14.12	7
Days Outstanding Inventory (Average Inventory)	8.66	11.39	7.41	6.7	5.97
Average Days Payable Outstanding	20.9	16.18	9.55	8.6	7.82
Cash Conversion Cycle (Average Days)	1.66	11.02	9.18	12.22	5.16
Long Term Solvency
Total Debt/Equity	9.1	6.55	4.91	4.3	5.83
Total Debt / Total Capital	8.34	6.14	4.68	4.12	5.51
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	52.19	47.96	35.63	30.92	46.11
EBIT / Interest Expense	7.36	13.46	19.34	2.39	1.38
EBITDA / Interest Expense	8	14.55	20.59	2.86	1.72
(EBITDA - Capex) / Interest Expense	7.81	13.5	11.59	2.37	1.72
Total Debt / EBITDA	0.91	0.67	0.44	1.65	4.06
Net Debt / EBITDA	-0.91	-0.82	-0.83	-4.07	-4.25
Total Debt / (EBITDA - Capex)	0.93	0.73	0.78	1.99	4.06
Net Debt / (EBITDA - Capex)	-0.93	-0.88	-1.47	-4.91	-4.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	32.06	-5.87	39.71	-17.36	50.73
Gross Profit, 1 Yr. Growth %	-25.35	6.14	27.84	-65.53	-23.16
EBITDA, 1 Yr. Growth %	-27.57	7.28	36.75	-76.01	-42.59
EBITA, 1 Yr. Growth %	-30.12	7.88	38.87	-78.61	-45.12
EBIT, 1 Yr. Growth %	-30.12	7.88	38.87	-78.61	-45.12
Earnings From Cont. Operations, 1 Yr. Growth %	-29.94	19.45	41.92	-76.57	-71.83
Net Income, 1 Yr. Growth %	-29.94	19.45	41.92	-76.57	-71.83
Normalized Net Income, 1 Yr. Growth %	-29.13	16.16	42.39	-75.18	-70.98
Diluted EPS Before Extra, 1 Yr. Growth %	-29.9	19.41	41.92	-76.57	-71.86
Accounts Receivable, 1 Yr. Growth %	11.04	3.47	-3.29	9.15	-56.36
Inventory, 1 Yr. Growth %	55.15	3.53	-21.13	-30.48	128.92
Net Property, Plant and Equip., 1 Yr. Growth %	-8.07	-6.78	80.87	-1.1	-62.68
Total Assets, 1 Yr. Growth %	-23.61	1.89	-4.35	-3.51	33.08
Tangible Book Value, 1 Yr. Growth %	7.01	11.23	18.91	3.65	2.8
Common Equity, 1 Yr. Growth %	6.53	10.91	18.3	3.55	2.85
Cash From Operations, 1 Yr. Growth %	-498.52	-99.96	-10.67K	-31.78	5.43K
Capital Expenditures, 1 Yr. Growth %	-80.95	227.32	723.63	-90.6	-
Levered Free Cash Flow, 1 Yr. Growth %	-659.02	-95.02	65.6	-87.05	-6.72K
Unlevered Free Cash Flow, 1 Yr. Growth %	-619.02	-95.47	73.04	-96.68	-27.78K
Dividend Per Share, 1 Yr. Growth %	0	0	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.22	11.49	14.68	7.45	11.61
Gross Profit, 2 Yr. CAGR %	-18.47	-10.98	16.49	-33.62	-48.54
EBITDA, 2 Yr. CAGR %	-21.14	-11.85	21.12	-42.72	-62.89
EBITA, 2 Yr. CAGR %	-22.77	-13.17	22.4	-45.5	-65.74
EBIT, 2 Yr. CAGR %	-22.77	-13.17	22.4	-45.5	-65.74
Earnings From Cont. Operations, 2 Yr. CAGR %	-19.14	-8.52	30.2	-42.34	-74.26
Net Income, 2 Yr. CAGR %	-19.14	-8.52	30.2	-42.34	-74.26
Normalized Net Income, 2 Yr. CAGR %	-18.5	-9.27	28.61	-40.55	-73.11
Diluted EPS Before Extra, 2 Yr. CAGR %	-19.12	-8.51	30.17	-42.34	-74.28
Accounts Receivable, 2 Yr. CAGR %	29.74	7.19	0.04	2.74	-30.99
Inventory, 2 Yr. CAGR %	37.17	26.74	-9.64	-25.95	26.15
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.06	-7.43	29.85	33.74	-39.25
Total Assets, 2 Yr. CAGR %	-9.79	-11.78	-1.28	-3.93	13.32
Tangible Book Value, 2 Yr. CAGR %	13.27	9.1	15	11.02	3.22
Common Equity, 2 Yr. CAGR %	12.67	8.7	14.55	10.68	3.2
Cash From Operations, 2 Yr. CAGR %	71.57	-95.87	-78.74	749.37	308.68
Capital Expenditures, 2 Yr. CAGR %	-66.17	-21.04	419.22	-12.01	-
Levered Free Cash Flow, 2 Yr. CAGR %	108.88	-47.22	-71.28	-53.69	192.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	97.48	-51.49	-71.99	-76.03	203.1
Dividend Per Share, 2 Yr. CAGR %	0	0	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.23	11.42	20.2	2.82	20.28
Gross Profit, 3 Yr. CAGR %	-12.9	-10.98	0.43	-22.38	-30.3
EBITDA, 3 Yr. CAGR %	-15.77	-12.62	2.05	-29.4	-42.68
EBITA, 3 Yr. CAGR %	-17.08	-13.67	1.54	-31.57	-45.37
EBIT, 3 Yr. CAGR %	-17.08	-13.67	1.54	-31.57	-45.37
Earnings From Cont. Operations, 3 Yr. CAGR %	-12.61	-7.91	5.9	-26.5	-54.53
Net Income, 3 Yr. CAGR %	-12.61	-7.91	5.9	-26.5	-54.53
Normalized Net Income, 3 Yr. CAGR %	-12.66	-8.28	5.44	-25.68	-53.14
Diluted EPS Before Extra, 3 Yr. CAGR %	-12.59	-7.9	5.9	-26.51	-54.55
Accounts Receivable, 3 Yr. CAGR %	37.37	20.32	3.58	2.99	-22.77
Inventory, 3 Yr. CAGR %	62.64	24.89	8.21	-17.2	7.87
Net Property, Plant and Equip., 3 Yr. CAGR %	3.63	-4.97	15.73	18.58	-12.6
Total Assets, 3 Yr. CAGR %	-0.09	-6.05	-9.37	-2.03	7.09
Tangible Book Value, 3 Yr. CAGR %	17.09	12.58	12.27	11.09	8.21
Common Equity, 3 Yr. CAGR %	16.08	12.08	11.81	10.76	8.01
Cash From Operations, 3 Yr. CAGR %	52.87	-89.21	-43.53	-68.64	1.11K
Capital Expenditures, 3 Yr. CAGR %	-20.59	-27.92	72.52	36.33	-
Levered Free Cash Flow, 3 Yr. CAGR %	42.09	-39.87	-22.74	-77.98	142.12
Unlevered Free Cash Flow, 3 Yr. CAGR %	45.76	-43.87	-25.88	-86.24	151.44
Dividend Per Share, 3 Yr. CAGR %	0	0	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.35	0.08	12.6	9.82	16.69
Gross Profit, 5 Yr. CAGR %	-6.1	-5.01	-2.16	-20.84	-23.14
EBITDA, 5 Yr. CAGR %	-8.2	-7.15	-2.6	-26.2	-31.91
EBITA, 5 Yr. CAGR %	-8.87	-7.9	-3.11	-28.18	-34.25
EBIT, 5 Yr. CAGR %	-8.87	-7.9	-3.11	-28.18	-34.25
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.6	-4.09	2.5	-23.64	-39.86
Net Income, 5 Yr. CAGR %	-4.6	-4.09	2.5	-23.64	-39.86
Normalized Net Income, 5 Yr. CAGR %	-4.28	-4.44	1.96	-22.89	-38.96
Diluted EPS Before Extra, 5 Yr. CAGR %	-4.59	-4.09	2.5	-23.64	-39.87
Accounts Receivable, 5 Yr. CAGR %	16.18	16.36	21	12.95	-11.95
Inventory, 5 Yr. CAGR %	49.48	45.83	28.57	1.33	15.06
Net Property, Plant and Equip., 5 Yr. CAGR %	0.81	0.27	13.42	8.95	-10.57
Total Assets, 5 Yr. CAGR %	2.31	-0.18	-0.57	-5.21	-0.9
Tangible Book Value, 5 Yr. CAGR %	20.47	17.24	16.25	11.95	8.56
Common Equity, 5 Yr. CAGR %	18.59	16.16	15.46	11.52	8.28
Cash From Operations, 5 Yr. CAGR %	37.71	-71.84	-30.56	-38.12	24.64
Capital Expenditures, 5 Yr. CAGR %	-52.97	100.32	68.3	-21.93	-
Levered Free Cash Flow, 5 Yr. CAGR %	83.01	-20.28	-25.04	-45.84	31.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	125.65	-23.75	-24.64	-60.07	30.2
Dividend Per Share, 5 Yr. CAGR %	0	-1.89	-	-	-