RADHIKAJWEConsumer Discretionary

Radhika Jeweltech Limited

Gems, Jewellery And Watches · ISIN INE583V01021 · BSE 540125 · NSE BE · FV ₹2
Last price
₹61
-1.39%today
What this company does

Radhika Jeweltech Limited operates in Gems, Jewellery And Watches, part of the Consumer Discretionary sector. It booked ₹153 cr of revenue in its latest quarter (Q1 FY27) and kept 15.0% of sales as profit.

“Radhika Jeweltech Limited has grown to become one of largest and most respected jewellery companies in Gujarat. We committed to the principles of originality, innovation, design, quality, purity and craftsmanship across our business.”
In the report:
80out of 100
Equitytale Health Score
Fortress

Healthier than 80% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 69–428 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns90

How much profit it earns on the money it employs

Balance sheet79

How much it owes, and whether earnings cover the interest

Cash quality23

Whether reported profit actually arrives as cash

Growth & consistency89

Whether sales and profit have grown, and how steadily

Valuation100

What today's price implies, against our models or its peers · highest in its sector on what we could measure

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 54% vs last year
✓ Profit up 26% vs last year
✓ Promoters hold 58%
✓ No promoter shares pledged
✓ Strong 23% return on equity
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in RADHIKAJWE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹61▼ -1.39%
latest close · 2026-11-04
52-wk low ₹5574 sessions so far52-wk high ₹98
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio7.9Low
LowAverageHigh
P/B ratio0.90Below book
Below bookModerateHigh
EV / EBITDA3.3Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity23.0%Strong
WeakFairStrong ▸15%
Return on capital30.7%Strong
WeakFairStrong
Net margin15.0%Decent
ThinDecentStrong
EBITDA margin20.7%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.15Comfortable
LowModerateHigh ▸1
Interest cover62.7×Strong
RiskyOkayStrong ▸5×
Current ratio6.33Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹360 cr
Book value
₹67
EPS
₹1.94
latest quarter
Net debt
₹52 cr
owes more than its cash
Enterprise value
₹412 cr
EBITDA
₹126 cr
annualised
EBIT
₹125 cr
annualised
Operating margin
20.4%
Return on assets
19.0%
Earnings yield
12.72%
P/S
0.59
Sales / share
₹103.4
Tax rate
25.4%
Face value
₹2
Shares
5.9 cr
Working capital
₹395 cr
Current assets
₹469 cr
Current liabilities
₹74 cr
Delivery %
28.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks underpricedMedium confidence
Median of 2 models ₹127 vs market price ₹61 — price is 52% below it
Safety cushion+51.8%(target ≥ +20%)
Models span ₹99–₹154, midpoint ₹127
Model ₹127
Price ₹61
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹153 cr
Other Income₹90.2 L
Total Income₹153 cr
Cost of Materials₹103 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹10 cr
Employee Benefit Expense₹2 cr
Finance Costs₹49.7 L
Depreciation & Amortisation₹43.9 L
Other Expenses₹4 cr
Total Expenses₹123 cr
Profit before Tax₹31 cr
Tax Expense₹8 cr
Net Profit₹23 cr
Net margin on total income14.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹116 cr75.8%
Employee benefit expense₹2 cr1.3%
Finance costs₹49.7 L0.3%
Depreciation & amortisation₹43.9 L0.3%
Other expenses₹4 cr2.3%
Tax expense₹8 cr5.1%
Profit for the period₹23 cr14.9%
Total income ₹153 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue214 cr193 cr153 cr
Total income214 cr194 cr153 cr
Expenses173 cr183 cr123 cr
Profit before tax41 cr10 cr31 cr
Tax10 cr3 cr8 cr
Net profit (owners' share)31 cr8 cr23 cr
Net margin (owners' share, on revenue)14.3%3.9%15.0%
EPS (₹)2.600.641.94
YoY (latest quarter): total income +54.6% · net profit +25.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹480 cr
Shareholder equity
₹398 cr
parent shareholders
Total debt
₹58 cr
Cash
₹6 cr
Cash flow · H1 FY26
Operating
₹25 cr
Investing
₹-21 cr
Financing
₹-39.5 L
Peer comparison
Gems, Jewellery And Watches · by market value
CompanyPriceMarket capP/E
Titan Company Limited₹4,562₹4.05 L cr56.9
Kalyan Jewellers India Limited₹508₹52,484 cr37.6
Lalithaa Jewellery Mart Limited₹363₹18,149 cr21.8
PC Jeweller Limited₹15₹14,408 cr10.8
Thangamayil Jewellery Limited₹4,533₹14,088 cr41.4
SKY GOLD AND DIAMONDS LIMITED₹870₹13,478 cr26.3
BlueStone Jewellery and Lifestyle Limited₹672₹10,272 cr—
P N Gadgil Jewellers Limited₹576₹8,472 cr16.6
Ethos Limited₹2,654₹7,102 cr63.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
—
trailing 12 months
Dividend / share (TTM)
—
Last dividend
₹0.2
ex 23 Sep 2024
ActionDetailEx-date
Dividend₹0.2 / share23 Sep 2024
Stock splitStock Split From Rs.10/- to Rs.2/-26 May 2023
Dividend₹1 / share13 Sep 2022
Dividend₹1 / share11 Nov 2021
Dividend₹0.5 / share22 Jul 2019
Who owns it · 2026-09-30
No pledge
Promoter
57.7%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
42.3%
Promoter stake down 6.0% over the last 12 quarters.
Smart-money activity
Bulk / block deals
SoldHRTI PRIVATE LIMITED · NSE5.93 L @ ₹89.179 Sep 26
BoughtHRTI PRIVATE LIMITED · NSE5.05 L @ ₹88.459 Sep 26
SoldQE SECURITIES LLP · NSE11.29 L @ ₹91.87 Sep 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the company for the Financial Year ended 31st March, 2026, including audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors thereon;
Backed by 100% of shareholders other than promotersneeded 50%
4.97 L votes for, 816 against
2
To appoint a Director in place of Darshit A. Zinzuwadia (DIN: 07506087), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 99% of shareholders other than promotersneeded 50%
4.91 L votes for, 6,414 against
3
To approve the re-appointment of Ashokkumar Mathurdas Zinzuwadia as the Managing Director of the company
Promoters had a personal stake in this
Backed by 98% of shareholders other than promotersneeded 75%
4.85 L votes for, 12,414 against
4
To approve the re-appointment of Hareshbhai Mathurbhai Zinzuwadia as the Whole Time Director of the company
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
4.91 L votes for, 6,414 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 57.7% between them · as of 2026-09-30
ASHOKKUMAR MATHURDAS ZINZUWADIA22.33%
ZINZUWADIA HARESHBHAI M19.45%
ZINZUWADIA DARSHIT A7.06%
KAVITABEN ASHOKKUMAR ZINZUWADIA5.04%
MOHIL ASHOKKUMAR ZINZUWADIA3.79%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.