Sunday, April 15, 2012

STOCK WATCH: RAJESH EXPORTS LIMITED






Rajesh Exports Limited (REL) came public in 1995 at Rs 40 premium. Five thousand rupees invested in REL (for 100 shares), in the IPO year is now worth Rs 4.11lacs at current market price of Rs137 (FV Rs 1). This is apart from the liberal dividends received by the share holders over the years.

The company since then has issued 2:1 bonus once and split the stock in the ratio of 10:1. One hundred share allotted in 1995 has now become 3000 shares and it is worth Rs 4.11lacs.

Rajesh Exports Limited (REL) headquartered in Bangalore, India manufactures gold & diamond jewellery. REL, a star trading house, exports its products world wide and distributes them within India to the wholesale jewellery market. REL also retails its products through its own network of retail jewellery showrooms Shubh Jewellers spread across India.

The company claims they are the world's largest manufacturer of Gold Jewellery.

For FY 11 the company reported total revenue of Rs 20845cr and net profit of Rs 248cr, on Rs 29.53 equity. Promoters hold around 55% in the equity.

The market cap of the company is Rs 4000cr plus.

The company operates in ever sunrise industry – Gold and Diamonds.

Rajesh Mehta, chairman of the company is the 57th richest man of India, according to Forbes Magazine, for 2011.

Investors can accumulate this stock around Rs 125 level.

3 comments:

  1. Sir, any comments on Shree ashtavinayak cine vision ltd.? I have 10000 shares @ 4.7 per share

    ReplyDelete
  2. Will let you know in couple of days.

    ReplyDelete