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Radhika Jeweltech Limited (RADHIKAJWE)

₹68.46 +2.53% last close, 16 Oct

📊 NSE: RADHIKAJWE 🏢 Diamond Cutting / Jewellery 📢 Latest filing: 08 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Radhika Jeweltech's revenue was ₹153 Cr (+53.8% year on year, -21.1% on the previous quarter), and net profit ₹22.9 Cr (+25.5% year on year); the operating margin was 20.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹153	+53.8%	-21.1%
Operating profit	₹30.7	+21.2%	+176.7%
Net profit	₹22.9	+25.5%	+203.5%
EPS (₹)	1.94	+26.0%	+203.1%
Operating margin	20.1%	—	—

Full quarterly financials → Results calendar →

RADHIKAJWE exchange data

NSE end-of-day data for Fri, 16 Oct 2026

It closed at a price band (circuit) on 1 session in about the last 20.

₹68.46NSE close · +2.53%

Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Radhika Jeweltech Files FY26 Annual Report; Convenes AGM on September 30, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Sep 2026, 11:39 PM

Radhika Jeweltech Limited has submitted its 10th Annual Report for FY25-26 under Regulation 34(1) of SEBI LODR Regulations. The company announced its Annual General Meeting (AGM) will take place on September 30, 2026, to seek shareholder approval for key resolutions. These include the re-appointment of Whole-time Directors Hareshbhai Zinzuwadia and Darshit Zinzuwadia for 3-year terms starting August 1, 2027, at a monthly remuneration of Rs 10.00 lakh each. Operationally, the company highlighted the performance of its 10,000 sq ft flagship showroom at Kalawad Road alongside its 2,500 sq ft legacy showroom in Rajkot.

Submitted 10th Annual Report for FY25-26 with AGM scheduled for September 30, 2026
Proposed re-appointment of Whole-time Directors Hareshbhai and Darshit Zinzuwadia for 3 years (August 1, 2027 to July 31, 2030) at Rs 10.00 lakh per month each
Showroom footprint includes a 10,000 sq ft flagship store at Kalawad Road and a 2,500 sq ft legacy store at Palace Road
Regularization of Dipakkumar Natwarlal Dholakiya and Preetiben Bakulbhai Fichadia as Independent Directors

💡 Track voting results of the AGM on September 30, 2026, and monitor retail throughput from the expanded Kalawad Road showroom ahead of the festive season.

Radhika Jeweltech Clarifies No Undisclosed Material Information Behind Share Price Movement

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Sep 2026, 09:47 PM

Radhika Jeweltech Limited responded to exchange clarifications regarding significant price movement in its scrip on September 8, 2026. The company confirmed that all price-sensitive information and material events affecting operations have already been disclosed. It stated that there is no pending undisclosed information that would impact share price behavior. The response is a standard regulatory clarification confirming adherence to SEBI LODR regulations.

Clarification filed with BSE (540125) and NSE (RADHIKAJWE) on 08.09.2026
Digital signature recorded at 21:37:52 IST on 2026.09.08
Company confirmed zero undisclosed price-sensitive information pending

💡 Monitor upcoming quarterly financial filings and operational metrics rather than reacting to unverified price volatility.

Radhika Jeweltech Schedules 10th AGM for September 30, 2026; Proposes Re-appointment of Key Directors

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Sep 2026, 09:20 PM

Radhika Jeweltech Limited has issued a notice convening its 10th Annual General Meeting (AGM) on September 30, 2026, at 2:00 PM IST via Video Conferencing. Key agenda items include the adoption of audited financial statements for FY ended March 31, 2026, and the re-appointment of Managing Director Ashokkumar Mathurdas Zinzuwadia for a 3-year term from August 1, 2027 to July 31, 2030. Additional resolutions propose 3-year extensions for Whole Time Directors Hareshbhai and Darshit Zinzuwadia, as well as the regularisation of two Independent Directors. Advance queries from shareholders are accepted until 3:00 PM on September 21, 2026.

10th AGM scheduled for Wednesday, September 30, 2026 at 2:00 P.M. via video conferencing
Ashokkumar M. Zinzuwadia proposed for re-appointment as Managing Director for 3 years (August 1, 2027 to July 31, 2030)
Whole Time Directors Hareshbhai M. Zinzuwadia and Darshit A. Zinzuwadia also proposed for 3-year terms (August 1, 2027 to July 31, 2030)
Shareholder queries in advance accepted until 03:00 PM on September 21, 2026

💡 Track voting outcomes and resolutions approved post-AGM on September 30, 2026, along with any operational commentary shared during the meeting.

25.5% PAT Growth in Q1 FY27; Revenue jumps 53.8% YoY to ₹152.54 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 Aug 2026, 12:59 PM

Radhika Jeweltech reported a strong start to FY27, with revenue from operations surging 53.8% YoY to ₹152.54 Cr compared to ₹99.15 Cr in Q1 FY26. Net profit for the quarter grew by 25.5% YoY to ₹22.85 Cr, supported by a healthy Profit Before Tax (PBT) margin of 20.1%. While top-line growth was robust, total expenses also climbed significantly to ₹122.79 Cr, primarily driven by material costs. Earnings Per Share (EPS) improved to ₹1.94 from ₹1.54 in the year-ago period.

Revenue from operations increased 53.8% YoY to ₹152.54 Cr
Net Profit grew 25.5% YoY to ₹22.85 Cr from ₹18.21 Cr
Total expenses rose to ₹122.79 Cr, with cost of materials consumed at ₹102.94 Cr
Earnings Per Share (EPS) increased to ₹1.94 from ₹1.54 YoY
Profit Before Tax (PBT) stood at ₹30.65 Cr, up from ₹24.39 Cr YoY

💡 Investors should monitor the company's ability to maintain margins amidst gold price volatility and track the execution of its retail expansion strategy in the Gujarat region.

118 Million Shares Confirmed in Radhika Jeweltech's Q1 FY27 Share Capital Audit

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Jul 2026, 03:56 PM

Radhika Jeweltech Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter ended June 30, 2026. The report confirms that the company's total issued capital remains at 118,000,000 equity shares with a face value of ₹2 each. This audit, conducted by S. V. Nadiyapara & Co., verifies that the records held by depositories (NSDL/CDSL) and physical registers match the issued capital. This is a standard regulatory filing under SEBI (Depositories and Participants) Regulations, 2018.

Total issued capital confirmed at 118,000,000 equity shares
Face value of each equity share is ₹2/-
Audit report covers the period ending June 30, 2026
100% of the issued capital is reconciled with the stock exchanges (BSE and NSE)

💡 This is a routine administrative filing; investors should focus on upcoming quarterly financial results for fundamental performance.

Radhika Jeweltech Appoints Two Independent Directors with 34 Years of Industry Experience Each

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 23 Jul 2026, 09:36 AM

Radhika Jeweltech Limited has restructured its board by appointing Dholakiya Dipakkumar Natwarlal and Preetiben Bakulbhai Fichadia as Additional Non-Executive Independent Directors for five-year terms effective July 22, 2026. Both new appointees bring 34 years of experience in the gold and diamond jewelry sector. These appointments follow the cessation of Natwarlal Vachhraj Dholakia and Pravinaben Anantrai Geria as Independent Directors upon the completion of their respective tenures. The changes are subject to shareholder approval.

Appointment of 2 new Additional Non-Executive Independent Directors for a 5-year term.
Both new directors, Dholakiya Dipakkumar Natwarlal and Preetiben Bakulbhai Fichadia, have 34 years of industry experience.
Cessation of 2 outgoing Independent Directors due to completion of their tenures.
Board meeting concluded within 1 hour and 15 minutes (5:00 PM to 6:15 PM) on July 22, 2026.

💡 Investors should monitor the upcoming shareholder meeting for the formal ratification of these appointments and watch for any strategic shifts in the company's Gujarat-focused retail expansion.

Radhika Jeweltech Reports 0 Physical Shares Received for Demat in June 2026 Quarter

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Jul 2026, 01:41 PM

Radhika Jeweltech Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The report, issued by the Registrar and Share Transfer Agent, Satellite Corporate Services Pvt. Ltd., covers the quarter ended June 30, 2026. It confirms that no physical share certificates were received for dematerialization during this period. This is a standard administrative filing required for all listed entities to verify the status of security conversions.

Quarterly reporting period ended on June 30, 2026
Zero (0) physical share certificates were received for dematerialization during the quarter
Compliance confirmed under SEBI Regulation 74(5) by the Registrar
Filing submitted to exchanges on July 15, 2026

💡 This is a routine regulatory filing with no impact on business fundamentals. Investors should monitor the company's upcoming quarterly financial results for material performance updates.

Trading Window Closure from July 1, 2026, for Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jun 2026, 05:30 PM

Radhika Jeweltech Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are officially declared. This is a standard administrative procedure for listed companies to prevent insider trading during the sensitive period before earnings releases.

Trading window closure begins on July 1, 2026
Closure applies to the financial results for the quarter ended June 30, 2026
Window to reopen 48 hours after the declaration of financial results
Applicable to all Directors, Promoters, and designated persons

💡 Investors should monitor the exchange for the announcement of the board meeting date, which will determine when the Q1 FY27 financial results will be released.

Radhika Jeweltech Promoters Declare Nil Pledged Shares for FY 2025-26

🟢 POSITIVE ⭐ 6/10

REGULATORY 📅 19 Jun 2026, 03:38 PM

The promoters of Radhika Jeweltech Limited have filed their annual disclosure under Regulation 31(4) of SEBI (SAST) Regulations for the financial year ended March 31, 2026. Managing Director Ashokkumar M. Zinzuwadia, representing the promoter group, confirmed that no shares were encumbered or pledged during the fiscal year. This declaration ensures that 100% of the promoter holding remains free of any liens or financial obligations to third parties as of the year-end.

Promoters confirmed zero encumbrance of shares for the financial year ended March 31, 2026.
Compliance submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The declaration covers all direct and indirect encumbrances by the promoter group and Persons Acting in Concert (PAC).
Confirms that nil shares of the company are currently pledged by the promoters.

💡 Investors should take this as a sign of promoter stability and financial health, as the absence of pledged shares reduces the risk of forced selling during market volatility. No immediate action is required other than noting the continued high quality of promoter skin-in-the-game.

Radhika Jeweltech Reports Regulatory Non-Compliance; Pays ₹2.14 Lakh Fine

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 23 May 2026, 02:32 PM

Radhika Jeweltech Limited has submitted its Annual Secretarial Compliance Report, revealing a procedural lapse regarding the continuation of a Non-Executive Director over 75 years of age. The company failed to obtain prior shareholder approval via a special resolution, resulting in a non-compliance period from March 29, 2025, to June 28, 2025. As a result, the company paid a fine of ₹2,14,760 to the BSE and NSE. The company has since rectified the issue by obtaining the necessary approval and strengthening its internal compliance systems.

Non-compliance with SEBI LODR Regulation 17(1A) for director appointment over age 75
Total fine of ₹2,14,760 paid to stock exchanges for the violation period
Non-compliance occurred between March 29, 2025, and June 28, 2025
Subsequent shareholder approval obtained via Special Resolution to rectify the status
Confirmed compliance in other areas including Insider Trading and Related Party Transactions

💡 This is a minor procedural governance lapse that has already been rectified and does not impact business operations. Investors need not take any immediate action but should note the company's commitment to strengthening internal systems.

Radhika Jeweltech FY26 Net Profit Rises 24% to ₹74.79 Cr; Q4 Profit Declines

🔵 WATCH ⭐ 7/10

EARNINGS 📅 20 May 2026, 05:26 PM

Radhika Jeweltech reported a 24.4% year-on-year growth in annual net profit to ₹7,479.01 lakhs for FY26, supported by an 8.7% increase in revenue to ₹63,913.97 lakhs. However, the Q4 FY26 performance was weak, with net profit falling to ₹753.38 lakhs from ₹1,113.21 lakhs in the same quarter last year. The company is currently contesting tax and GST demands totaling ₹1,118.51 lakhs following a 2023 search operation, for which no provisions have been made in the books. Inventory levels have surged to ₹44,298.56 lakhs, representing a significant portion of the balance sheet.

Annual Revenue from Operations grew 8.7% YoY to ₹639.14 crore in FY26.
Full-year Net Profit increased by 24.4% to ₹74.79 crore, with EPS rising to ₹6.34 from ₹5.09.
Q4 FY26 Net Profit dropped significantly to ₹7.53 crore compared to ₹30.63 crore in the preceding quarter (Q3).
Contingent liabilities of ₹11.18 crore exist due to disputed Income Tax and GST demands currently under appeal.
Inventory levels increased by 31% YoY to ₹442.98 crore, accounting for nearly 96% of total assets.

💡 Investors should exercise caution due to the sharp sequential decline in Q4 margins and the pending tax litigation of ₹11.18 crore. Monitor the company's ability to manage its high inventory levels and the outcome of the appellate proceedings regarding tax demands.

Radhika Jeweltech Reports SEBI PIT Compliance and SDD Maintenance for Q4 FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 21 Apr 2026, 09:09 PM

Radhika Jeweltech Limited has submitted its compliance certificate under SEBI (Prohibition of Insider Trading) Regulations for the quarter ended March 31, 2026. The company confirmed the operation of a Structured Digital Database (SDD) to track Unpublished Price Sensitive Information (UPSI). During the quarter, the company recorded 1 UPSI event in its internal database. The filing confirms that the database is non-tamperable and maintains an audit trail for eight years.

Confirmed compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ended March 31, 2026.
The company successfully captured 1 UPSI event in its Structured Digital Database during the quarter.
Maintained a non-tamperable internal database with an audit trail capability of 8 years.
Reported zero non-compliance issues regarding the Structured Digital Database for the period.

💡 No action is required as this is a standard regulatory disclosure. It demonstrates the company's commitment to internal controls and SEBI compliance.

Radhika Jeweltech Submits SEBI Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Apr 2026, 08:13 PM

Radhika Jeweltech Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The report, issued by Satellite Corporate Services Pvt. Ltd., covers the quarter ended March 31, 2026. It confirms that no physical share certificates were received for dematerialization during this period. This is a standard administrative filing required by all listed companies to ensure the integrity of electronic shareholding records.

Compliance certificate submitted for the quarter ended March 31, 2026
Issued in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Registrar and Share Transfer Agent (RTA) confirmed zero physical certificates were received for dematerialization
Confirms that all securities comprised in certificates are listed on BSE and NSE

💡 No action is required from investors as this is a routine regulatory filing. Investors should monitor the company for upcoming full-year financial results.

Radhika Jeweltech Independent Directors Review Board Performance and Governance

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 31 Mar 2026, 07:33 PM

Radhika Jeweltech Limited held a separate meeting of its Independent Directors on March 31, 2026, as required by the Companies Act, 2013 and SEBI LODR Regulations. The meeting focused on evaluating the performance of the Board as a whole, the Chairperson, and individual Non-Independent Directors. Additionally, the directors assessed the quality and timeliness of information flow between the company's management and the Board. This is a routine annual governance exercise intended to ensure effective oversight and transparency.

Meeting conducted on March 31, 2026, in compliance with Section 149(7) of the Companies Act, 2013.
Independent Directors reviewed the performance of the Chairperson and Non-Independent Directors.
Assessed the effectiveness and timeliness of information flow from management to the Board.
The meeting was held at the registered office and lasted for 45 minutes (6:30 PM to 7:15 PM).

💡 This is a routine regulatory disclosure with no direct impact on financial performance. Investors should consider this as a positive sign of adherence to corporate governance standards.

Radhika Jeweltech to Close Trading Window from April 1, 2026, for Q4 and Annual Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Mar 2026, 01:30 PM

Radhika Jeweltech Limited has announced the closure of its trading window effective from April 1, 2026, in compliance with SEBI Prohibition of Insider Trading Regulations. This closure is ahead of the declaration of the company's audited financial results for the quarter and year ending March 31, 2026. The restriction applies to all directors, promoters, and designated persons to prevent insider trading. The window will remain closed until 48 hours after the financial results are officially announced to the exchanges.

Trading window closure starts on April 1, 2026.
Closure is for the audited financial results of the quarter and year ended March 31, 2026.
Applies to all Directors, Promoters, and designated persons of Radhika Jeweltech.
Trading window will reopen 48 hours after the declaration of the financial results.

💡 This is a routine regulatory announcement with no direct impact on the stock's valuation. Investors should monitor the upcoming Q4 and annual results for actual performance metrics.

View All RADHIKAJWE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single reportable segment: manufacturing and trading of gold, diamond, and platinum jewelry. Total revenue from operations grew 8.08% YoY, reaching INR 58,778.71 Lakhs in FY 2024-25 compared to INR 54,406.49 Lakhs in FY 2023-24.

Geographic Revenue Split

Primarily concentrated in Gujarat, India, with major operations and corporate offices located in Rajkot. Specific percentage split by region is not disclosed in available documents.

Profitability Margins

Net Profit After Tax (PAT) margin improved from 9.10% in FY 2023-24 to 10.22% in FY 2024-25, representing a 1.12% margin expansion. Profit After Tax (PAT) grew by 21.34% YoY to INR 6,010.68 Lakhs.

EBITDA Margin

Core profitability as reflected by Profit Before Tax (PBT) for FY 2024-25 was INR 8,431.41 Lakhs. Operating profit before working capital changes for the half-year ended September 30, 2025, was INR 4,928.99 Lakhs.

Capital Expenditure

Historical capital expenditure for FY 2024-25 included the purchase of property, plant, and equipment (PPE) amounting to INR 136.70 Lakhs. Total PPE as of March 31, 2025, was valued at INR 928.95 Lakhs.

Credit Rating & Borrowing

Total borrowings as of March 31, 2025, stood at INR 6,762.36 Lakhs, comprising INR 3,402.93 Lakhs in non-current borrowings and INR 3,359.43 Lakhs in current borrowings. Specific credit ratings and interest rate percentages were not disclosed.

⚙️ Operational Drivers

Raw Materials

Primary raw materials include gold, diamonds, platinum, rose gold, polki, and various gemstones. Purchases of stock-in-trade for the half-year ended September 30, 2025, amounted to INR 17,652.05 Lakhs.

Capacity Expansion

The company is pursuing retail expansion and the launch of new collections to capitalize on market dynamics, though specific MTPA or unit capacity metrics are not disclosed.

Raw Material Costs

Raw material costs are heavily influenced by global gold price volatility. The company manages this through inventory hedging mechanisms and dynamic pricing strategies to protect margins.

Manufacturing Efficiency

Efficiency is driven through process automation, SOP reviews, and regular internal audits to ensure operational stability and compliance.

📈 Strategic Growth

Expected Growth Rate

8.08%

Growth Strategy

Growth will be achieved through retail expansion, the launch of themed jewelry collections catering to diverse age groups, strengthening omni-channel presence, and optimizing inventory management to enhance capital efficiency.

Products & Services

Manufacturing and trading of gold, diamond, rose gold, polki, platinum jewelry, and vibrant gemstones.

Brand Portfolio

Radhika Jeweltech

New Products/Services

Continuous introduction of diverse collections conceptualized around various themes and customer preferences to maintain a strong novelty factor.

Market Expansion

Retail expansion is a key focus, particularly within the Gujarat region and through omni-channel platforms.

Market Share & Ranking

Positioned as one of the largest and most respected jewelry companies in Gujarat.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward organized retail, increased demand for diverse materials like platinum and rose gold, and stricter regulatory compliance regarding hallmarking and AML/KYC norms.

Competitive Landscape

Operates in a competitive market with both organized and unorganized players, focusing on design innovation and customer trust to differentiate.

Competitive Moat

Durable advantages include a strong brand legacy in Gujarat, a reputation for craftsmanship and purity, and robust internal control systems that ensure financial integrity and operational efficiency.

Macro Economic Sensitivity

Highly sensitive to the Indian economy's growth and global jewelry market dynamics, which influence consumer spending on luxury goods.

Consumer Behavior

Evolving consumer landscape with a preference for branded jewelry, themed collections, and omni-channel shopping experiences.

Geopolitical Risks

Global economic indicators and commodity market volatility impact procurement decisions and inventory valuation.

⚖️ Regulatory & Governance

Industry Regulations

Subject to hallmarking regulations, Goods and Services Tax (GST) rates, import duties, and Anti-Money Laundering (AML) and Know Your Customer (KYC) norms.