CMP: 129

Rajesh Exports Limited exports gold and gold jewelry. The company also has a manufacturing facility that manufactures gold. The company's product range includes, bracelets, earrings, hasli sets, necklaces, chains, kaan chains, micro hasli, bangles, rings, pendants, and patta sets.

Rajesh Exports is a decent bet in mid-cap space. Its currently trading at a P/E of little over 10. It runs at a debt of 2530 Crores with 7815 Crores cash equivalents in hand. Revenues have risen from 6893 Crores to 20,845 Crores in the last 5 years. Profits have risen from 101 Crores to 248 Crores in the last 5 years. NPM has marginally declined towards 1% over the last 5 years. FY 2012 has been good so far with growth of over 50% in bottom line on better margins. Buy and hold for long term gains.