RADHIKAJWE

Radhika Jeweltech Limited

Gold, platinum and diamond jewellery manufacturer and trader

Consumer Discretionary›Consumer Durables›Consumer Durables›Gems, Jewellery And Watches

radhikajeweltech.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹68.46
Market cap
808 Cr
Stock P/E
10.2
P/B
2.03
Dividend yield
0.3%
ROE (FY26)
18.8%
ROCE (FY26)
22.6%
Operating margin (FY26)
16.0%
Debt / equity (FY26)
0.15
OCF / EBITDA (FY26)
-12.3%
OCF / EBITDA (3Y)
-8.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Radhika Jeweltech manufactures and trades gold and diamond jewellery from Rajkot, Gujarat, and this is its only business segment.

Company snapshot

29thBy market cap

Ranked among 39 companies in Gems, Jewellery And Watches.

What we see

Positives
  • ✓Debt-to-equity of 0.15x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales107 Cr176 Cr154 Cr94 Cr131 Cr206 Cr157 Cr99 Cr133 Cr214 Cr193 Cr153 Cr
Operating expenses (approx.)94 Cr154 Cr137 Cr75 Cr112 Cr174 Cr137 Cr74 Cr107 Cr172 Cr182 Cr122 Cr
EBITDA13 Cr22 Cr16 Cr19 Cr19 Cr32 Cr20 Cr25 Cr26 Cr42 Cr11 Cr31 Cr
OPM %12.1%12.2%10.5%20.0%14.7%15.4%12.5%25.5%19.3%19.6%5.7%20.1%
Other income0.06 Cr0.86 Cr0.57 Cr0.14 Cr0.14 Cr0.03 Cr0.20 Cr0.09 Cr0.39 Cr0.28 Cr0.19 Cr0.90 Cr
Interest0.61 Cr0.79 Cr0.70 Cr0.84 Cr1 Cr0.78 Cr0.72 Cr0.57 Cr0.75 Cr0.56 Cr0.55 Cr0.50 Cr
Depreciation0.56 Cr0.56 Cr0.57 Cr0.48 Cr0.48 Cr0.49 Cr0.49 Cr0.44 Cr0.45 Cr0.50 Cr0.45 Cr0.44 Cr
Profit before tax12 Cr21 Cr15 Cr18 Cr18 Cr30 Cr19 Cr24 Cr25 Cr41 Cr10 Cr31 Cr
Tax %27.5%25.5%25.9%25.3%40.7%25.3%39.8%25.4%26.0%25.2%26.7%25.4%
Net profit9 Cr16 Cr11 Cr13 Cr11 Cr23 Cr11 Cr18 Cr18 Cr31 Cr8 Cr23 Cr
EPS (₹)₹0.73₹1.33₹0.97₹1.11₹0.90₹1.93₹0.94₹1.54₹1.56₹2.60₹0.64₹1.94

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales157 Cr240 Cr173 Cr172 Cr137 Cr233 Cr313 Cr544 Cr588 Cr639 CrSign in free for the trailing twelve months
Operating expenses (approx.)146 Cr218 Cr156 Cr158 Cr111 Cr198 Cr272 Cr474 Cr499 Cr535 CrSign in free for the trailing twelve months
EBITDA11 Cr21 Cr17 Cr14 Cr27 Cr35 Cr41 Cr70 Cr89 Cr104 CrSign in free for the trailing twelve months
OPM %6.9%9.0%9.6%8.0%19.6%15.1%13.1%12.9%15.2%16.3%Sign in free for the trailing twelve months
Other income5 Cr3 Cr3 Cr3 Cr7 Cr2 Cr2 Cr2 Cr0.50 Cr0.94 CrSign in free for the trailing twelve months
Interest5 Cr4 Cr4 Cr3 Cr0.32 Cr0.54 Cr0.98 Cr2 Cr3 Cr2 CrSign in free for the trailing twelve months
Depreciation0.26 Cr0.39 Cr0.27 Cr0.19 Cr0.11 Cr0.28 Cr2 Cr2 Cr2 Cr2 CrSign in free for the trailing twelve months
Profit before tax11 Cr20 Cr15 Cr14 Cr33 Cr36 Cr40 Cr67 Cr84 Cr101 CrSign in free for the trailing twelve months
Tax %12.2%41.4%44.9%7.9%23.7%25.6%25.9%26.0%28.7%25.6%Sign in free for the trailing twelve months
Net profit9 Cr12 Cr8 Cr13 Cr26 Cr27 Cr30 Cr50 Cr60 Cr75 CrSign in free for the trailing twelve months
EPS (₹)₹3.92₹4.98₹3.56₹5.43₹10.81₹11.47₹12.58₹4.20₹5.09₹6.40Sign in free for the trailing twelve months
Dividend payout %————0.0%8.7%7.9%0.0%3.9%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital24 Cr24 Cr2 Cr2 Cr2 Cr24 Cr24 Cr24 Cr24 Cr24 Cr
Reserves83 Cr95 Cr103 Cr114 Cr140 Cr164 Cr192 Cr241 Cr299 Cr374 Cr
Borrowings62 Cr60 Cr———22 Cr34 Cr51 Cr43 Cr58 Cr
Other liabilities8 Cr7 Cr76 Cr51 Cr55 Cr0.91 Cr10 Cr5 Cr10 Cr24 Cr
Total liabilities176 Cr186 Cr182 Cr168 Cr198 Cr211 Cr259 Cr321 Cr376 Cr480 Cr
Fixed assets (net)1 Cr1 Cr0.80 Cr0.58 Cr0.39 Cr2 Cr14 Cr12 Cr10 Cr9 Cr
CWIP—————0 Cr0 Cr—0 Cr0.03 Cr
Investments10 Cr20 Cr20 Cr20 Cr0.18 Cr0.07 Cr0 Cr0 Cr0 Cr0 Cr
Inventories84 Cr90 Cr110 Cr119 Cr134 Cr162 Cr225 Cr304 Cr355 Cr460 Cr
Trade receivables0.14 Cr0.22 Cr0.25 Cr0.24 Cr0.26 Cr0.14 Cr0.60 Cr0.73 Cr0.64 Cr1 Cr
Cash & bank77 Cr68 Cr45 Cr0.24 Cr51 Cr42 Cr14 Cr0 Cr5 Cr6 Cr
Other assets4 Cr7 Cr6 Cr27 Cr11 Cr6 Cr6 Cr4 Cr5 Cr4 Cr
Total assets176 Cr186 Cr182 Cr168 Cr198 Cr211 Cr259 Cr321 Cr376 Cr480 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-71 Cr4 Cr-11 Cr0.41 Cr7 Cr-4 Cr-24 Cr-26 Cr17 Cr-13 Cr
Cash from investing-6 Cr-7 Cr3 Cr3 Cr27 Cr0.09 Cr-2 Cr-2 Cr-2 Cr-2 Cr
Cash from financing154 Cr-6 Cr-15 Cr-29 Cr-0.52 Cr-5 Cr-2 Cr16 Cr-12 Cr15 Cr
Net cash flow77 Cr-10 Cr-23 Cr-26 Cr33 Cr-9 Cr-28 Cr-11 Cr3 Cr0.16 Cr
Free cash flow (OCF − Capex)-71 Cr4 Cr-11 Cr0.39 Cr7 Cr-6 Cr-24 Cr-26 Cr16 Cr-14 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.1%13.6%18.6%14.1%23.7%17.6%16.5%22.0%24.0%22.6%
ROE %8.7%9.9%8.0%11.0%17.9%14.4%13.8%18.7%18.6%18.8%
Debtor days0011101001
Inventory days195137232253356289280221256283
Days payable161———0102410
Cash conversion cycle179136232254356289271219252274
OCF / EBITDA %-655.4%17.8%-65.6%3.0%24.8%-11.6%-58.7%-36.9%18.6%-12.3%
OCF / EBITDA % (3 years)——-159.5%-12.8%-6.6%3.9%-20.7%-36.9%-16.6%-8.4%
Debt / equity0.580.510.00390.00170.00150.120.160.190.130.15
Current ratio19.4921.9727.5625.8720.188.877.296.708.306.33
Net debt / EBITDA-1.44-0.35-2.71-0.02-1.90-0.570.490.730.420.51