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Last Updated : Sep 24, 2015 07:05 PM IST | Source: CNBC-TV18

Did You Know: Rajesh Exports is India's largest trader of gold jewellery

Did you know about a company which boasts of being India's largest exporter and importer of gold jewellery but discloses very little to its investors.

Rajesh Exports is India's largest gold importer and exporter. It accounts for nearly 20 percent of India's total gold import and is India's largest gold jewellery exporter with 40 percent market share.

Its market cap is at Rs 14,700 crore. The stock has gained from Rs 160 per share to Rs 622 per share in the last one year and corrected.

The company imports raw gold, processes it and makes jewellery in India. However, majority of its sales comes from overseas market.

While total gold imported by India in FY15  was 900 tonne, Rajesh Exports imported 170 tonne against Titan's import of 25 tonne.

Valcambi Acquisition

The company acquired Valcambi, world's largest precious metals refinery, for USD 400 million which has cash of USD 190 million. Its gold refining and sale stands at 945 tonne per year while for silver it is at 325 tonne per year. Post the merger, sales could be as high as Rs 2.85 lakh crore.

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First Published on Sep 24, 2015 03:54 pm
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