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๐Ÿ’Ž Radhika Jeweltech Q4 Results: โ‚น84 Cr Profit, โ‚น610 Cr Revenue โ€” But Why Is This Gem Trading at Just โ‚น92?

๐Ÿ“Œ At a glance:

Radhika Jeweltech Ltd reported a PAT of โ‚น84.31 Cr in FY25 with revenues clocking โ‚น610.10 Cr โ€” a solid 11% YoY growth. EPS for the year? A sparkly โ‚น5.09 per share. But the marketโ€™s not impressed. From past glory to current underpricing, is this Gujarat-based jeweller a hidden multibagger โ€” or a sparkle fading fast?


๐Ÿ’ About the Company

  • Business: Manufacturing and retailing of gold, platinum, and diamond jewellery
  • Headquarters: Rajkot, Gujarat
  • Market Position: Dominant in Saurashtra region with deep B2C roots
  • Listing: NSE & BSE (Symbol: RADHIKAJWE)
  • No. of stores: One flagship mega store; future expansion on the radar post IPO

This isnโ€™t a pan-India chain like Titan or Kalyan. Itโ€™s Rajkot royalty thatโ€™s trying to go national.


๐Ÿง‘๐Ÿ’ผ Key Managerial Personnel (KMP)

NameDesignation
Ashokkumar M. ZinzuwadiaManaging Director
CS Sandip NadiyaparaSecretarial Auditor
Panchal S K & AssociatesStatutory Auditors

โœ… Audit Status: Unmodified opinion โ€” auditors didnโ€™t find any diamonds hidden in inventory or under Ashapura temple carpets.


๐Ÿ“Š Financials (FY25 vs FY24)

MetricFY25 (โ‚น Cr)FY24 (โ‚น Cr)Change
Revenue from Operationsโ‚น610.11โ‚น544.06๐Ÿ”ผ +12.1%
Other Incomeโ‚น0.50โ‚น1.56๐Ÿ”ฝ -67.9%
Total Incomeโ‚น610.68โ‚น545.63๐Ÿ”ผ +11.9%
Total Expensesโ‚น503.97โ‚น478.70๐Ÿ”ผ +5.3%
EBITDA (Est.)โ‚น106.71โ‚น66.93๐Ÿ”ผ +59.4%
Net Profit (PAT)โ‚น84.31โ‚น61.01๐Ÿ”ผ +38.2%
EPSโ‚น5.09โ‚น4.20๐Ÿ”ผ +21.2%

๐Ÿ’ฐ Profit grew faster than revenue = good margins. The EPS jump shows operational discipline is paying off.


๐Ÿ’ธ Forward-Looking Fair Value (FV)

Letโ€™s apply a little EduMath:

  • EPS: โ‚น5.09
  • Jewellery sector average P/E: ~25x
  • FV Estimate: โ‚น5.09 ร— 25 = โ‚น127.25

๐Ÿ“‰ CMP: โ‚น92
โœ… Discount to FV:

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