Hello friends! In this discussion, we will explore the Rajesh Exports Ltd Share Price Target for the years 2023, 2024, 2025 and 2030. Our goal is to make an informed prediction of the future share price targets for Rajesh Exports Ltd company. This article will present a combination of technical and fundamental analysis of the Rajesh Exports Ltd shares to give you a better understanding.
About Rajesh Exports Ltd
Rajesh Exports Ltd was established in 1989. Rajesh Export Company is the only company in the world to do gold refinery to retail. Rajesh Exports Limited is the largest company globally in the processing and export of gold.
The company supplies its products to the wholesale market and showrooms all over India. The company deals in mining to retailing. The company manufactures gold jewellery & gold products and supplies them directly to more than 500 showrooms worldwide.
Apart from this, the company sells its product under the name of its own brand SHUBH Jewellery. In terms of gold jewellery, this brand is a famous brand in South India. The company has 83 showrooms of its own in Karnataka.
In 2015, the company bought Valcambi, the world’s largest gold refinery, for USD 400 million. Its headquarters is in Balerna, Switzerland.
The financial state of the company reveals a debt of Rs 700 crore, which the company’s management has successfully reduced from its previous high of Rs 6000 crore in recent years. Currently, the company holds a cash reserve of Rs 13500 crore.
The company’s sales have seen compounded sales growth of 11% in the last three years, but the company’s net profit is seen in minus. If the company management is able to increase its net profit margin in the coming time, then the company’s stock can see a good increase in the future.
What is the Rajesh Exports Share Holding Pattern?
If we talk about Rajesh Exports’ share holding pattern, then promoter holding in the company is 54% and public holding is 17%. The main promoters of the company are Rajesh Jasvantrai 30%, Prashant Jasvantrai 12.60%, and Mahesh Jasvantrai 8.15%. FIIS holding is 17.62% and DIIS holding is 11.35%.
Rajesh Exports Share Price Target 2023
The company is the only company in the world to do gold refinery to retail, the company works for 35% of the world’s gold refineries. The company currently has two gold refineries and three manufacturing plants.
If we talk about Rajesh Exports’ share price target 2023, then the company’s stock is currently seen near its 52 weeks high breakout of Rs 900, but for the last few years, it has been seen that the company’s stock comes back down after reaching this price.
But this year, the company’s sales have seen a good sales growth of 39% and experts believe that the company can perform well in the coming quarters. If this happens, then we can see a good breakout on this price in the company’s stock and Rajesh Exports share price target can be seen from Rs 970 to Rs 1020 in 2023.
Rajesh Exports Share Price Target 2025
The company gets 75% of its total revenue from exports. But the company also sells its products under the Shubh Jewellery brand. It is a trusted brand in the gold jewellery sector in South India, especially in Karnataka. The company currently has 83 showrooms where the company sells its products.
If we talk about Rajesh Exports Share Price Target 2025, then the company has experienced management and the company management is constantly reducing its debt along with increasing the sales of its product.
If in the coming time, the company management is able to improve its net profit along with the sales growth of its product, then the company’s stock can see a good increase. Rajesh Exports’ share price target is likely to reach Rs 1180 to Rs 1250 in 2025 given the company’s previous record CAGR of 8-10% amid market fluctuations.
Rajesh Exports Share Price Target 2027
The management of the company is constantly making good efforts to increase its business and due to this, the company’s sales are also increasing. As a result, the company management also obtained Valcambi, the biggest gold refinery in the world.
If we talk about Rajesh Exports share price target 2027, then the company management says that it is trying hard to increase its business by 20% in the next five years. If the company management succeeds in doing this, then in the future, along with the company’s sales, the company’s stock price target can also see a good jump.
Rajesh Exports Share Price Target 2030
If we talk about Rajesh Exports’ share price target long term, then the company is fundamentally a strong company and the company management seems to be continuously reducing its debt and the promoter holding of 54% in the company is also very good.
The company has been given the Swarna Ratna Award by the Jewellers Association Bangalore and the Star Exporter Award – Merchant Gold, FKCCI. In view of this, it can be assumed that the company is a trustworthy brand, but the company’s net profit margin being in minus can be a matter of concern. Rajesh Exports’ share price target can be seen from Rs 2200 to Rs 2500 in the long term.