Rajesh Exports Ltd Share Price Target 2024, 2025 to 2030

Rajesh Exports Ltd is a leading Indian multinational corporation, primarily focused on gold and jewelry. Headquartered in Bangalore, Karnataka, the company was founded in 1989 and has since established itself as a global leader in gold refining, designing, and retailing. Rajesh Exports stands out as the only company in the world with a presence across the entire gold value chain, from refining to retail sales. This extensive involvement enables it to process around 35% of the world’s gold, making it a key player in the global gold market.

The company’s product range includes a vast assortment of gold jewelry and investment products, catering to both retail and wholesale customers. Known for its quality and innovation, Rajesh Exports continues to thrive in both domestic and international markets.

Latest News on Rajesh Exports Ltd

Despite a sharp nearly 70% decline in the stock value of Rajesh Exports over the past 14 months, the Life Insurance Corporation of India (LIC) has maintained its 10.8% stake in the company. This steadfastness by LIC highlights its long-term investment strategy, despite the challenges faced by Rajesh Exports. The company, a major player in the gold and jewelry industry, has seen its share prices drop significantly due to various market pressures. LIC’s sustained stake reflects a belief in the company’s potential recovery and growth, despite the recent downturn. LIC’s investment approach is often conservative and patient, focusing on potential long-term returns over short-term market fluctuations.

Shareholdings Patterns of Rajesh Exports

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters +	54.05%	54.55%	54.55%	54.55%	54.55%
FIIs +	15.38%	15.78%	15.08%	14.72%	14.81%
DIIs +	11.08%	11.07%	11.08%	11.12%	11.09%
Public +	19.49%	18.60%	19.28%	19.61%	19.55%
No. of Shareholders	1,52,938	2,09,623	2,13,557	2,11,547	2,11,937

• Promoters: The promoters’ stake remained consistent, increasing slightly from 54.05% in September 2023 to 54.55% by December 2023, maintaining this level through June and September 2024. This steady control by promoters indicates confidence in the company’s long-term growth.
• Foreign Institutional Investors (FIIs): FIIs held 15.38% in September 2023, rising to 15.78% in December 2023. However, this stake gradually decreased over the subsequent quarters, ending at 14.81% in September 2024. This reduction suggests a possible rebalancing of portfolios or reduced confidence among FIIs.
• Domestic Institutional Investors (DIIs): The DIIs’ shareholding remained remarkably stable throughout this period, fluctuating marginally around 11%. This consistency shows ongoing interest and belief in the company from domestic institutions.
• Public: The public’s stake fluctuated slightly, decreasing from 19.49% in September 2023 to 18.60% by December 2023, but then rising again to 19.61% in June 2024 before settling at 19.55% by September 2024. This indicates a dynamic interest from retail investors.
• Number of Shareholders: The number of shareholders increased significantly from 152,938 in September 2023 to 209,623 by December 2023, but then fluctuated marginally, ending at 211,937 by September 2024. This surge indicates growing investor interest in the stock, despite the slight dips in the following quarters.

How to purchase Rajesh Exports Limited shares?

Below are the trading platforms that you can use to purchase Rajesh Exports Limited shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Rajesh Exports Share Price Prediction 2024 – 2030

Rajesh Exports Share Price Target 2024

When	Maximum Price	Minimum Price
October 2024	318.05	276.57
November 2024	330.78	287.63
December 2024	334.08	290.51

In October 2024, Rajesh Exports Ltd is expected to see its stock price fluctuate, with the maximum price projected to reach ₹318.05 and the minimum at ₹276.57. Continuing into November 2024, the maximum price could rise to ₹330.78, with the minimum price at ₹287.63. By December 2024, Rajesh Exports Ltd’s stock is anticipated to reach a maximum of ₹334.08, while the minimum price might hover around ₹290.51, reflecting potential growth towards the end of the year.

Rajesh Exports Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	337.42	259.56
February 2025	340.83	262.18
March 2025	347.99	267.69
April 2025	344.55	265.03
May 2025	334.51	257.32
June 2025	349.56	268.89
July 2025	342.71	263.62
August 2025	353.31	271.78
September 2025	357.55	275.04
October 2025	366.84	282.19
November 2025	376.01	289.24
December 2025	392.94	302.26

Rajesh Exports Share Price Prediction 2026

When	Maximum Price	Minimum Price
January 2026	404.72	311.33
February 2026	394.61	303.54
March 2026	402.50	309.61
April 2026	410.71	315.93
May 2026	406.65	312.80
June 2026	416.81	320.62
July 2026	408.64	314.34
August 2026	421.28	324.06
September 2026	429.70	330.54
October 2026	440.87	339.13
November 2026	451.90	347.61
December 2026	463.19	356.30

Rajesh Exports Share Price Target 2027

When	Maximum Price	Minimum Price
January 2027	467.83	359.87
February 2027	479.82	369.09
March 2027	498.53	383.49
April 2027	488.76	375.97
May 2027	474.52	365.02
June 2027	495.88	381.44
July 2027	486.15	373.96
August 2027	501.19	385.53
September 2027	518.73	399.02
October 2027	532.22	409.40
November 2027	545.52	419.63
December 2027	559.16	430.12

Rajesh Exports Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	570.35	438.73
February 2028	584.97	449.98
March 2028	607.78	467.53
April 2028	595.87	458.36
May 2028	578.51	445.01
June 2028	604.54	465.03
July 2028	592.69	455.92
August 2028	611.02	470.02
September 2028	632.41	486.47
October 2028	648.85	499.11
November 2028	665.07	511.59
December 2028	681.70	524.38

Rajesh Exports Share Price Target 2029

When	Maximum Price	Minimum Price
January 2029	695.33	534.87
February 2029	713.16	548.58
March 2029	740.97	569.98
April 2029	726.44	558.80
May 2029	705.29	542.53
June 2029	737.02	566.94
July 2029	722.57	555.82
August 2029	744.92	573.02
September 2029	770.99	593.07
October 2029	791.04	608.49
November 2029	810.81	623.70
December 2029	831.08	639.30

Rajesh Exports Share Price Prediction 2030

When	Maximum Price	Minimum Price
January 2030	847.71	652.08
February 2030	869.44	668.80
March 2030	903.35	694.88
April 2030	885.64	681.26
May 2030	859.84	661.42
June 2030	898.53	691.18
July 2030	880.92	677.63
August 2030	908.16	698.59
September 2030	939.95	723.04
October 2030	964.39	741.84
November 2030	988.50	760.38
December 2030	1,013.21	779.39

As we move into January 2030, Rajesh Exports Ltd is expected to see its prices range between a maximum of ₹847.71 and a minimum of ₹652.08. Throughout the year, prices may climb further, with February projected to reach ₹869.44, and by mid-year, June could see a peak of ₹898.53 and a low of ₹691.18. As we approach October, prices are anticipated to rise to ₹964.39, and finally, by December 2030, Rajesh Exports Ltd is likely to close the year with a maximum of ₹1,013.21 and a minimum of ₹779.39, marking consistent growth over the year.

Financial Condition of Rajesh Exports Ltd: Last 5 years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales +	195,600	258,306	243,128	339,690	280,676	255,343
Expenses +	194,051	257,182	241,949	338,054	280,348	255,364
Operating Profit	1,549	1,124	1,179	1,636	328	-20
OPM %	1%	0%	0%	0%	0%	0%
Other Income +	7	3	40	24	242	251
Interest	222	142	90	81	139	117
Depreciation	73	90	91	101	64	44
Profit before tax	1,261	894	1,038	1,478	367	69
Tax %	4%	5%	3%	3%	9%
Net Profit +	1,206	845	1,009	1,432	336	38
EPS in Rs	40.84	28.61	34.18	48.51	11.36	1.28
Dividend Payout %	2%	4%	3%	2%	0%

The financial performance of Rajesh Exports Ltd over the years from March 2020 to March 2024, as well as the trailing twelve months (TTM), reveals both growth and challenges.

1. Sales and Expenses:
   • The company’s sales grew significantly from ₹195,600 crore in March 2020 to a peak of ₹339,690 crore in March 2023, before falling to ₹280,676 crore in March 2024. However, for the TTM, sales dropped further to ₹255,343 crore.
   • Expenses closely followed the sales trend, reaching a peak of ₹338,054 crore in March 2023 but decreasing to ₹255,364 crore for the TTM. This indicates that Rajesh Exports Ltd managed expenses efficiently relative to sales, though fluctuations remain.
2. Operating Profit and Margins:
   • The company’s operating profit showed limited strength, peaking at ₹1,636 crore in March 2023. However, by March 2024, operating profit had drastically fallen to ₹328 crore, and in the TTM, it showed a loss of ₹20 crore.
   • The Operating Profit Margin (OPM) consistently hovered around 1% or less, with 0% in recent years, indicating thin profit margins despite the high sales volume.
3. Other Income and Interest:
   • Other income gradually increased, reaching ₹242 crore in March 2024 and ₹251 crore in TTM. However, interest expenses also fluctuated, growing from ₹81 crore in March 2023 to ₹139 crore in March 2024 and slightly reducing to ₹117 crore for the TTM.
4. Profit Before Tax and Net Profit:
   • Despite the volatility in operating profit, Profit Before Tax (PBT) remained positive, peaking at ₹1,478 crore in March 2023 but falling to ₹69 crore in the TTM. This decline is concerning, as it reflects the challenges the company faced in maintaining profitability.
   • Similarly, Net Profit followed the same trend, dropping significantly from ₹1,432 crore in March 2023 to just ₹38 crore in the TTM. This steep decline highlights a struggle for profitability in recent months.
5. EPS and Dividend:
   • Earnings Per Share (EPS), which stood at ₹48.51 in March 2023, dropped sharply to ₹11.36 in March 2024 and even further to ₹1.28 in the TTM. This highlights the significant reduction in earnings available to shareholders.
   • Dividend payout ratios remained minimal, with a peak of only 4% in March 2021, indicating that Rajesh Exports Ltd retained most profits for reinvestment rather than distributing dividends to shareholders.

What Is the Current Share Price of Rajesh Exports Ltd?

As of 14th October 2024, the current share price of Rajesh Exports Ltd is ₹294.