RADHIKAJWE
Radhika Jeweltech financials
- Market cap
- ₹981 Cr
- Sector
- Consumer Durables
Quarterly results
Q1 FY27: revenue up 54.5%, net profit up 27.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 131 | 206 | 157 | 99 | 133 +2% | 214 +4% | 193 +23% | 153 +55% |
| EBITDA | 19 | 32 | 20 | 25 | 26 +37% | 42 +31% | 11 −45% | 31 +24% |
| Net profit | 11 | 23 | 11 | 18 | 18 +64% | 31 +35% | 8 −27% | 23 +28% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −11.2% 1Y
1Y: ₹93.72 on 10 Sept 2025 → ₹83.21. High ₹95.3 (17 Sept 2025), low ₹50.54 (30 Mar 2026).
Financials, as filed
Revenue grew 26.9% a year over 3 years, FY23 to FY26. Operating margin widened to 16.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹313 Cr | ₹545 Cr | ₹588 Cr | ₹639 Cr |
| Operating profit | ₹41 Cr | ₹70 Cr | ₹90 Cr | ₹104 Cr |
| Operating margin | 13.1% | 12.8% | 15.3% | 16.3% |
| Interest | ₹0 Cr | ₹3 Cr | ₹4 Cr | ₹4 Cr |
| Depreciation | ₹2 Cr | ₹4 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹29 Cr | ₹50 Cr | ₹58 Cr | ₹75 Cr |
| Net margin | 9.4% | 9.2% | 9.9% | 11.7% |
| Cash from operations | ₹-24 Cr | ₹-26 Cr | ₹17 Cr | ₹-13 Cr |
| Free cash flow | ₹-26 Cr | ₹-26 Cr | ₹16 Cr | ₹-14 Cr |
| ROCE | 18.0% | 25.0% | 26.0% | 25.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr |
| Reserves | ₹140 Cr | ₹164 Cr | ₹192 Cr | ₹241 Cr | ₹299 Cr | ₹374 Cr |
| Borrowings | ₹24 Cr | ₹22 Cr | ₹34 Cr | ₹51 Cr | ₹43 Cr | ₹58 Cr |
| Other liabilities | ₹4 Cr | ₹1 Cr | ₹10 Cr | ₹5 Cr | ₹10 Cr | ₹24 Cr |
| Total liabilities | ₹191 Cr | ₹211 Cr | ₹259 Cr | ₹321 Cr | ₹376 Cr | ₹480 Cr |
| Fixed assets | ₹0 Cr | ₹2 Cr | ₹14 Cr | ₹12 Cr | ₹10 Cr | ₹9 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹191 Cr | ₹209 Cr | ₹245 Cr | ₹309 Cr | ₹366 Cr | ₹471 Cr |
| Total assets | ₹191 Cr | ₹211 Cr | ₹259 Cr | ₹321 Cr | ₹376 Cr | ₹480 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −6.05 pp while the public added +6.03 pp. The shareholder count shrank 10% to 69,622.
- Promoters
- 57.7%
- FIIs
- 0.0%
- DIIs
- 0.0%
- Public
- 42.3%
Since Jun 2025
- Promoters −6.05 pp
- Public +6.03 pp
- FIIs +0.03 pp
How it drifted, 12 quarters
Over this window the public went from 36.2% to 42.3% — +6.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 63.7%, FIIs 0.1%, Public 36.2%.Dec '23: Promoters 63.7%, FIIs 0.1%, Public 36.2%.Mar '24: Promoters 63.7%, FIIs 0.1%, Public 36.2%.Jun '24: Promoters 63.7%, FIIs 0.0%, Public 36.2%.Sep '24: Promoters 63.7%, Public 36.3%.Dec '24: Promoters 63.7%, FIIs 0.0%, Public 36.3%.Mar '25: Promoters 63.7%, FIIs 0.0%, Public 36.2%.Jun '25: Promoters 63.7%, Public 36.3%.Sep '25: Promoters 57.7%, Public 42.3%.Dec '25: Promoters 57.7%, Public 42.3%.Mar '26: Promoters 57.7%, FIIs 0.1%, Public 42.2%.Jun '26: Promoters 57.7%, FIIs 0.0%, DIIs 0.0%, Public 42.3%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Radhika Jeweltech Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ashokkumar Mathurdas Zinzuwadia | 22.33% | unchanged |
| Zinzuwadia Hareshbhai M | 19.45% | unchanged |
| Zinzuwadia Darshit A | 7.06% | unchanged |
| Jenil Hareshkumar Zinzuwadia | 7.06% | unchanged |
| Hetal Hareshbhai Zinzuwadia | 5.04% | unchanged |
| Kavitaben Ashokkumar Zinzuwadia | 5.04% | unchanged |
| Mohil Ashokkumar Zinzuwadia | 3.79% | unchanged |
| Trushil Hareshbhai Zinzuwadia | 2.02% | unchanged |
| Divyesh Hareshbhai Zinzuwadia | 2.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹83, this stock must grow earnings at 3% every year for 7 years. Our analysis caps realistic growth at ~36%. At that growth it is worth ₹444 — upside of 434%.
- Growth the price implies
- 3.4% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 36.7% a year
- net profit, FY23–FY26 · EPS 36.0%
- The gap
- -0.3 pp
- 434% downside if it only repeats history
Learn to analyse Radhika Jeweltech Limited
Guides on how to read this kind of business and the numbers that matter.