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Tuesday, May 3, 2011

This weeks value pick

 
 
 
 

Rajesh Exports Ltd is the world's largest and the

lowest-cost manufacturer of global jewelry, coins

and other gold products.

The company has retail presence with 25 stores

spread across the country under the brand name

of "SHUBH Jewellers." The company plans to

open 300 retail stores in India over the next three

years, and has lined up a capex of Rs 3000-4000

crore

.

The company is in advanced talks with

Australian and South African firms to acquire

gold refineries and mines, and is likely to close

some deals over the next 3-4 months.

Last calendar year, the company took advantage

of the crash in real-estate prices, to acquire

prime properties and augment its land bank

over Rs1400cr.

The company will launch the "Gold Revolution"

across the country within the next twelve

months. With this, REL heralds the dawn of a

new era of transparency in gold purity, price

and weight to bring in ultimate transparency in

the gold jewellery trade.

Net sales and Net profit of the Company are

expected to grow at a CAGR of 36.35% & 51.94

% over FY09 to FY12E.

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