Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 107 | 176 | 154 | 94 | 131 | 206 | 157 | 99 | 133 | 214 | 193 | 153 |
| Expenses | 94 | 154 | 137 | 75 | 112 | 174 | 137 | 74 | 107 | 172 | 182 | 122 |
| Operating Profit | 13 | 22 | 16 | 19 | 19 | 32 | 20 | 25 | 26 | 42 | 11 | 31 |
| OPM % | 12% | 12% | 11% | 20% | 15% | 15% | 12% | 26% | 19% | 20% | 6% | 20% |
| Other Income | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 12 | 21 | 15 | 18 | 18 | 30 | 18 | 24 | 25 | 41 | 10 | 31 |
| Tax % | 28% | 25% | 26% | 25% | 41% | 25% | 40% | 25% | 26% | 25% | 27% | 25% |
| Net Profit | 9 | 16 | 11 | 13 | 11 | 23 | 11 | 18 | 18 | 31 | 8 | 23 |
| EPS in Rs | 0.73 | 1.33 | 0.97 | 1.11 | 0.90 | 1.93 | 0.94 | 1.54 | 1.56 | 2.60 | 0.64 | 1.94 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 136 | 157 | 240 | 173 | 172 | 137 | 233 | 313 | 544 | 588 | 639 | 693 |
| Expenses | 125 | 146 | 218 | 156 | 158 | 114 | 198 | 272 | 474 | 499 | 535 | 583 |
| Operating Profit | 11 | 11 | 22 | 17 | 14 | 23 | 35 | 41 | 70 | 89 | 104 | 109 |
| OPM % | 8% | 7% | 9% | 10% | 8% | 17% | 15% | 13% | 13% | 15% | 16% | 16% |
| Other Income | 1 | 5 | 3 | 3 | 3 | 7 | 2 | 2 | 2 | 0 | 1 | 2 |
| Interest | 9 | 5 | 4 | 5 | 3 | 0 | 1 | 1 | 2 | 3 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 3 | 11 | 20 | 15 | 14 | 30 | 36 | 40 | 67 | 84 | 101 | 107 |
| Tax % | 0% | 12% | 41% | 45% | 8% | 24% | 26% | 26% | 26% | 29% | 26% | |
| Net Profit | 3 | 9 | 12 | 8 | 13 | 23 | 27 | 30 | 50 | 60 | 75 | 79 |
| EPS in Rs | 0.78 | 1.00 | 0.71 | 1.09 | 1.92 | 2.29 | 2.52 | 4.20 | 5.09 | 6.34 | 6.74 | |
| Dividend Payout % | 0% | 0% | 0% | 14% | 0% | 0% | 0% | 8% | 5% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 17% | 36% | 27% | 17% | ||
| Compounded Profit Growth | 38% | 27% | 36% | 27% | ||
| Stock Price CAGR | 17% | 44% | 23% | -23% | ||
| Return on Equity | 16% | 19% | 21% | 21% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 101 | 100 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 0 | 0 | 83 | 95 | 103 | 114 | 140 | 164 | 192 | 241 | 299 | 374 |
| Borrowings | 2 | 9 | 62 | 60 | 49 | 24 | 24 | 22 | 34 | 51 | 43 | 58 |
| Other Liabilities | 2 | 2 | 8 | 7 | 6 | 6 | 4 | 1 | 10 | 5 | 10 | 24 |
| Total Liabilities | 104 | 112 | 176 | 186 | 182 | 168 | 191 | 211 | 259 | 321 | 376 | 480 |
| Fixed Assets | 2 | 1 | 1 | 1 | 1 | 1 | 0 | 2 | 14 | 12 | 10 | 9 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 10 | 20 | 20 | 20 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 103 | 111 | 165 | 165 | 161 | 147 | 191 | 209 | 245 | 309 | 366 | 471 |
| Total Assets | 104 | 112 | 176 | 186 | 182 | 168 | 191 | 211 | 259 | 321 | 376 | 480 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -24 | 16 | -71 | 4 | -11 | 0 | 6 | -4 | -24 | -26 | 17 | -13 |
| Cash from Investing Activity | 2 | 0 | -6 | -7 | 3 | 3 | 27 | 0 | -2 | -2 | -2 | -2 |
| Cash from Financing Activity | 27 | -5 | 154 | -6 | -15 | -29 | -0 | -5 | -2 | 16 | -12 | 15 |
| Net Cash Flow | 5 | 11 | 77 | -10 | -23 | -26 | 33 | -9 | -28 | -11 | 3 | 0 |
| Free Cash Flow | -25 | 17 | -71 | 4 | -11 | 0 | 6 | -6 | -26 | -26 | 16 | -14 |
| CFO/OP | -257% | 153% | -643% | 60% | -18% | 47% | 53% | 19% | -34% | -18% | 44% | 10% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 |
| Inventory Days | 269 | 249 | 215 | 158 | 278 | 303 | 480 | 318 | 321 | 245 | 272 | 339 |
| Days Payable | 0 | 0 | 18 | 1 | 1 | 4 | 5 | 0 | 12 | 2 | 5 | 11 |
| Cash Conversion Cycle | 270 | 249 | 198 | 157 | 277 | 299 | 476 | 318 | 310 | 243 | 268 | 328 |
| Working Capital Days | 231 | 214 | 184 | 136 | 232 | 261 | 283 | 218 | 225 | 174 | 196 | 222 |
| ROCE % | 11% | 8% | 12% | 10% | 8% | 17% | 19% | 18% | 25% | 26% | 25% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 63.73% | 63.73% | 63.73% | 63.73% | 63.73% | 63.73% | 63.73% | 63.73% | 57.68% | 57.68% | 57.68% | 57.68% |
| FIIs | 0.06% | 0.08% | 0.08% | 0.04% | 0.00% | 0.02% | 0.03% | 0.00% | 0.00% | 0.00% | 0.14% | 0.03% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
| Public | 36.21% | 36.19% | 36.18% | 36.23% | 36.27% | 36.25% | 36.23% | 36.26% | 42.32% | 42.33% | 42.19% | 42.29% |
| No. of Shareholders | 15,722 | 26,275 | 42,652 | 43,140 | 64,954 | 77,431 | 78,426 | 77,544 | 77,551 | 74,162 | 71,429 | 69,622 |
Fundamentals
Market Cap₹ 821 Cr.
Current Price₹ 68.7
Stock P/E10.3
Book Value₹ 33.7
ROCE25.0 %
ROE20.7 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)27%
Standalone figures.
Valuation
Market capRs 814 Cr
Enterprise valueRs 866 Cr
P/E (TTM)10.25x
Price to book2.05x
Price to sales1.18x
EV / EBITDA7.81x
EV / EBIT7.94x
EV / sales1.25x
Earnings yield9.76%
P/E, 3-year average12.95x
P/B, 3-year average2.42x
P/E, 5-year average8.85x
P/B, 5-year average1.60x
Profitability
Operating margin (excl. other income)16.25%
Operating margin (incl. other income)16.40%
EBITDA margin16.03%
Pre-tax margin15.42%
Net profit margin11.47%
Net margin, latest quarter14.98%
ROE20.76%
ROCE25.07%
ROA17.47%
ROE, 3-year average20.62%
ROCE, 3-year average25.14%
ROA, 3-year average17.27%
ROE, 5-year average18.39%
ROCE, 5-year average22.37%
ROA, 5-year average15.58%
ROIC (approx.)18.03%
Tax rate25.62%
Other income / net worth0.24%
Growth
Sales growth (latest year)8.74%
Profit growth (latest year)24.40%
Sales CAGR, 3 years26.90%
Sales CAGR, 5 years35.99%
Profit CAGR, 3 years36.06%
Profit CAGR, 5 years27.02%
Sales growth QoQ-21.11%
Profit growth QoQ203.45%
Sales growth YoY (latest quarter)53.85%
Profit growth YoY (latest quarter)25.48%
Per share
EPS (TTM)Rs 6.73
EPS (latest year)Rs 6.34
EPS (latest quarter)Rs 1.94
EPS, 3-year averageRs 5.21
EPS, 5-year averageRs 7.94
Book value per shareRs 33.72
Sales per shareRs 58.69
Cash flow per shareRs -1.08
Free cash flow per shareRs -1.19
Dividend per share, 3-year averageRs 0.20
Dividend per share, 5-year averageRs 0.60
Dividends
Dividend payout, 3-year average4.76%
Dividend payout, 5-year average6.36%
Efficiency
Asset turnover1.33x
Fixed asset turnover69.17x
Inventory turnover1.10x
Inventory days333 days
Debtor days1 days
Debtors turnover437.77x
Creditor days11 days
Cash conversion cycle328 days
Working capital days222 days
Leverage
Total debtRs 58 Cr
Cash and bankRs 6 Cr
Net debtRs 52 Cr
Debt to equity0.15x
Net debt / EBITDA0.47x
Interest coverage46.26x
Current ratio (filing 2026-03-31)6.33x
Quick ratio (filing 2026-03-31)0.13x
Trade payables (filing 2026-03-31)Rs 15 Cr
Owners' fund to total sources82.86%
Debt to assets12.11%
Cash flow
Cash from Operating Activity (latest year)Rs -13 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs 15 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -14 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years-0.21x
Statement figures
Net sales (TTM)Rs 693 Cr
Net sales (latest year)Rs 639 Cr
Sales (latest quarter)Rs 153 Cr
Operating profit excl. other income (latest year)Rs 104 Cr
Operating profit (latest quarter)Rs 31 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 111 Cr
PBDT (TTM)Rs 109 Cr
Profit before tax (TTM)Rs 107 Cr
Tax (latest year)Rs 26 Cr
Net profit (TTM)Rs 79 Cr
Net profit (latest year)Rs 75 Cr
Net profit (latest quarter)Rs 23 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 504 Cr
Total expenditure (latest year)Rs 535 Cr
Total income (latest year)Rs 640 Cr
Share capitalRs 24 Cr
ReservesRs 374 Cr
Shareholders' fundsRs 398 Cr
Total assetsRs 480 Cr
Net blockRs 9 Cr
ReceivablesRs 1 Cr
InventoryRs 460 Cr
Other liabilitiesRs 24 Cr
Shares outstanding (crore)11.80
Ownership
Promoter holding57.68% (-6.05 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 10.2 is at the 50th percentile of its own 9.4-year range
(median 10.0, low 2.4, high 35.7).
P/B 2.05 is at the 60th percentile (median 1.86).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | RADHIKAJWE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.3% | -2.8% | +0.4 pts |
| 1 month | -3.0% | -6.8% | +3.8 pts |
| 3 months | +22.2% | -7.6% | +29.8 pts |
| 6 months | +36.5% | +0.4% | +36.1 pts |
| 1 year | -25.1% | -9.9% | -15.2 pts |
| 2 years | -46.1% | -13.6% | -32.6 pts |
| 3 years | +85.9% | +14.2% | +71.8 pts |
| 5 years | +527.7% | +27.9% | +499.8 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -12% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 18% of total assets in 2026 |
| look | On NSE surveillance On NSE surveillance: ESM |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹153 Cr +54.5% vs Jun 2025.
Net profit ₹23 Cr +27.8%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Titan Company Ltd | 415,040 | 71.1 | 20.5 % |
| Kalyan Jewellers India Ltd | 58,748 | 40.2 | 21.2 % |
| Lalithaa Jewellery Mart Ltd | 20,989 | 22.0 | 38.0 % |
| Thangamayil Jewellery Ltd | 16,177 | 41.2 | 25.5 % |
| PC Jeweller Ltd | 12,976 | 16.7 | 9.60 % |
| Sky Gold & Diamonds Ltd | 12,713 | 38.0 | 27.0 % |
| Bluestone Jewellery & Lifestyle Ltd | 12,315 | 219 | 6.78 % |
| P N Gadgil Jewellers Ltd | 8,612 | 19.2 | 21.0 % |
| Timex Group India Ltd | 7,360 | 82.5 | 82.8 % |
| Ethos Ltd | 6,662 | 63.1 | 10.4 % |
| Senco Gold Ltd | 5,363 | 9.40 | 21.2 % |
| Goldiam International Ltd | 4,861 | 23.0 | 25.8 % |
| KDDL Ltd | 4,836 | 49.3 | 11.7 % |
| Tribhovandas Bhimji Zaveri Ltd | 4,184 | 19.6 | 21.9 % |
| D.P. Abhushan Ltd | 3,796 | 15.8 | 39.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-23 | Annual General Meeting/Dividend - Rs 0.20 Per Share | |
| 2023-09-21 | Annual General Meeting | |
| 2023-05-26 | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share | 0.2000 |
| 2022-09-13 | Interim Dividend - Re 1 Per Share | |
| 2022-09-13 | Annual General Meeting |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1