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Radhika Jeweltech Ltd (RADHIKAJWE) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Radhika Jeweltech Ltd ₹59.52, price ₹68.96, upside -13.7%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Consumer Cyclical · IN · ISIN INE583V01021

RJ Thin data Oct 2, 2026

Radhika Jeweltech Ltd

RADHIKAJWE · BSE

Overvalued / MonitorQuality is not strong enough to offset the price risk.

!Fair value ₹59.52 · Overvalued (−13.7%)
!Quality 57/100
!Expensive Growth (revenue 5y +36.0 %/yr)
✓Solidly profitable · 11.5% net margin (TTM)
!Low debt · negative free cash flow
✓Ranks above peers (9/13)
✓Wide moat 72/100
!Evidence only low, so the estimate is less certain
!The models disagree: range ₹31.74 to ₹105.46
!Weak on valuation: 15 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹150.25 ₹2.78 Fair Value ₹59.52 Feb 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.

How to read this chart

60‑month range ₹2.78 – ₹150.25 · fair‑value band ₹31.74 – ₹105.46 · the ₹68.96 price screens above the ₹59.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.

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Company profile

Radhika Jeweltech Limited engages in the manufacture and retail of jewelry in India. It also operates retail outlets that sells gold, platinum, and diamond jewelries, as well as customized and polki jewelries. The company was founded in 1987 and is based in Rajkot, India.

Stock analysis

Radhika Jeweltech Ltd (RADHIKAJWE) currently trades at ₹68.96, while our model-based Fair Value estimate is ₹59.52, 13.7% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹179.38 per share, and 10 of the 17 models we run sit above the ₹68.96 price.

Bear case: the Asset-Based group reads lowest at ₹22.59, and 7 of the 17 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹31.74 (bear) to ₹105.46 (bull), the price of ₹68.96 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Radhika Jeweltech Ltd reported revenue of ₹6.4B in FY2026 versus ₹2.3B in FY2022, a compound +28.7%/yr. Reported net income was ₹748M in FY2026, compounding +28.9%/yr from FY2022.

Key figures

Market cap ₹8.1B (≈ $84.5M) · P/E ratio 10.2 · P/S ratio 1.20 · EPS (TTM) ₹6.74 · Dividend yield 0.3% · Net margin 11.7% · Return on equity 20.8% · Return on assets (EBIT) 19.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 27% below its 52-week high and 36% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −3% fair-value upside, at −14%, RADHIKAJWE screens richer than that median.

Fair Value models

Bear ₹31.74 Fair Value ₹59.52 Bull ₹105.46
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹3.42 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EPV ₹55.11 ₹61.77 ₹67.17 74
Owner Earnings ₹72.80 ₹143.36 ₹266.52 73
Residual Income ₹33.26 ₹45.60 ₹76.24 73
All 17 models by family
DCF Models
Owner Earnings ₹72.80 ₹143.36 ₹266.52 73
Earnings-Based
Graham-Dodd ₹43.10 ₹300.57 ₹421.80 63
Lynch FV ₹90.51 ₹129.30 ₹168.09 61
PEG = 1.0 ₹90.51 ₹129.30 ₹168.09 57
EPV ₹55.11 ₹61.77 ₹67.17 74
Dividend Discount
Gordon GGM ₹1.39 ₹2.33 ₹3.03 68
DDM Multi-Stage ₹1.39 ₹2.21 ₹2.51 67
Multiples
P/E Multiple ₹104.58 ₹139.44 ₹174.30 63
P/S Multiple ₹48.75 ₹65.00 ₹81.25 58
P/B Multiple ₹80.81 ₹107.75 ₹134.69 55
EV/EBIT ₹116.36 ₹155.28 ₹194.19 66
EV/EBITDA ₹78.85 ₹105.27 ₹131.68 67
EV/Revenue ₹45.12 ₹64.62 ₹84.12 53
Asset-Based
NCAV (Graham) ₹16.86 ₹22.59 ₹33.72 54
Economic Profit
Residual Income ₹33.26 ₹45.60 ₹76.24 73
ROIC Compounder ₹64.04 ₹84.44 ₹110.23 72
Growth Earnings
Growth-Adj P/E ₹125.57 ₹179.38 ₹233.20 67

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Quality Score breakdown

Overall quality 57/100

Of which business quality 54 · Market factors (momentum, volatility) 38

Profitability 73
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.0%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.5%
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−9.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.1%
Dividend (yield on the price)0.3%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 16%
2026 sits 51% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 7.3%/yr over ~5Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

RADHIKAJWE screens overvalued: fair value 14% below the price. Compare with Compagnie Financière Richemont SA →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Luxury Goods · 119 stocks

Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 57 · Above median
Fair Value upside −13.7% · Above median
Profitability
Return on equity (TTM) 20.8% · Above median
Return on assets 14.9% · Top 25%
Net margin (TTM) 11.5% · Top 25%
Operating margin (TTM) 19.8% · Top 25%
Growth and dividend
Revenue growth 53.9% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Balance sheet
Debt / equity 0.03× · Above median

Valuation Multiplesvs Luxury Goods median · lower = cheaper

P/E (TTM) 10.2× · Cheaper than median
P/B 2.04× · Pricier than median
P/S (TTM) 1.18× · Pricier than median
EV/EBITDA 7.5× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)15 · sector 15
FUTURE (revenue growth)100 · sector 47
PAST (return on equity)83 · sector 45
HEALTH (low debt)99 · sector 99
DIVIDEND (yield)6 · sector 55

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Luxury Goods stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Compagnie Financière Richemont SA CFR CHF 173.05 CHF 120.97 −30%
Christian Dior SE CDI €408.20 €552.53 +35%
Kering SA KER €223.35 €29.74 −87%
Tapestry, Inc TPR $113.88 $109.95 −3%
Chow Tai Fook Jewellery Group 1929 HK$10.97 HK$11.97 +9%
The Swatch Group UHRN CHF 35.70 CHF 21.74 −39%
Prada S.p.A 1913 HK$38.68 HK$62.43 +61%
Pandora A/S PNDORA kr 836.20 kr 1,424 +70%
Brunello Cucinelli S.p.A BC €80.80 €34.95 −57%
Kalyan Jewellers India Limited KALYANKJIL ₹573.00 ₹184.73 −68%

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Cite: Fair Value Calculator (2026). "Radhika Jeweltech Ltd Fair Value". https://www.fairvalue-calculator.com/stock/RADHIKAJWE

Frequently asked questions

Is Radhika Jeweltech Ltd (RADHIKAJWE) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹59.52 versus a price of ₹68.96, about −14% upside (overvalued).
What is the fair value of RADHIKAJWE?
Our model-based fair value for Radhika Jeweltech Ltd is ₹59.52 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹68.96.
What is the quality score of RADHIKAJWE?
Radhika Jeweltech Ltd has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Radhika Jeweltech Ltd (RADHIKAJWE)?
Our model-based price target is the fair value of ₹59.52 (as of Oct 2, 2026) from 17 valuation models. Cautious scenario ₹31.74, optimistic scenario ₹105.46. It is a calculation from audited fundamentals, not an analyst target.
What is the Radhika Jeweltech Ltd stock forecast for 2026?
Our models put fair value at ₹59.52, about −14% upside versus a price of ₹68.96 (overvalued). Cautious scenario ₹31.74, optimistic scenario ₹105.46. The calculation is refreshed regularly with new filings.
What is the revenue of Radhika Jeweltech Ltd (RADHIKAJWE)?
Radhika Jeweltech Ltd reported trailing-twelve-month revenue of about ₹6.9B (latest available figure, as of Oct 2, 2026).
Does Radhika Jeweltech Ltd pay a dividend?
Radhika Jeweltech Ltd currently shows a dividend yield of about 0.29% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Radhika Jeweltech Ltd (RADHIKAJWE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Radhika Jeweltech Ltd it is ₹59.52 per share (as of Oct 2, 2026), against a price of ₹68.96. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Radhika Jeweltech Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, RADHIKAJWE trades above its calculated fair value: price ₹68.96, fair value ₹59.52, a gap of about −14% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RADHIKAJWE?
No. The price is what the market pays today (₹68.96); the fair value is what the company's own numbers justify (₹59.52). For Radhika Jeweltech Ltd the two are ₹9.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Radhika Jeweltech Ltd worth?
The market values Radhika Jeweltech Ltd at about ₹8.1B (market capitalisation, as of Oct 2, 2026). Per share that is ₹68.96; our models calculate a fair value of ₹59.52 per share.
What do the bullish and bearish scenarios say about RADHIKAJWE?
Our models span a range for Radhika Jeweltech Ltd: cautious scenario ₹31.74, base ₹59.52, optimistic ₹105.46 per share (as of Oct 2, 2026, price ₹68.96). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RADHIKAJWE?
Radhika Jeweltech Ltd trades at a price-to-earnings ratio of 10.2 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹59.52 is built from several models across several years. Other multiples: P/B 2.0, P/S 1.2, EV/EBITDA 7.5.
How solid is the balance sheet of Radhika Jeweltech Ltd (RADHIKAJWE)?
Balance-sheet figures for Radhika Jeweltech Ltd (as of Oct 2, 2026): return on equity 20.8%, debt of 0.03 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is RADHIKAJWE from its 52-week high?
Radhika Jeweltech Ltd trades at ₹68.96, about 27% below its 52-week high of ₹94.03 and 36% above the low of ₹50.70 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹59.52 is for.
Which stocks are comparable to Radhika Jeweltech Ltd?
From the same area (Consumer Cyclical) we also value Compagnie Financière Richemont SA, Christian Dior SE, Kering SA, Tapestry, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Radhika Jeweltech Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price ₹68.96, calculated fair value ₹59.52 (−14%), Quality Score 57/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RADHIKAJWE calculated?
We run Radhika Jeweltech Ltd through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹59.52, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Radhika Jeweltech Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Radhika Jeweltech Ltd (RADHIKAJWE)?
The closing price on Oct 1, 2026 was ₹68.96. Our model-based fair value is ₹59.52, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Radhika Jeweltech Ltd right now?
The model range is unusually wide (₹31.74 to ₹105.46). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Radhika Jeweltech Ltd

How large is the market capitalisation of Radhika Jeweltech Ltd (RADHIKAJWE)?
The market capitalisation of Radhika Jeweltech Ltd is ₹8.1B (≈ $84.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Radhika Jeweltech Ltd (RADHIKAJWE)?
The price-to-sales ratio of Radhika Jeweltech Ltd is 1.20 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Radhika Jeweltech Ltd (RADHIKAJWE)?
Earnings per share at Radhika Jeweltech Ltd are ₹6.74 (price ÷ EPS = P/E 10.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Radhika Jeweltech Ltd (RADHIKAJWE)?
The dividend yield of Radhika Jeweltech Ltd is 0.3% (payout 2.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Radhika Jeweltech Ltd (RADHIKAJWE)?
The net margin of Radhika Jeweltech Ltd is 11.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Radhika Jeweltech Ltd (RADHIKAJWE)?
The return on equity (ROE) of Radhika Jeweltech Ltd is 20.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Radhika Jeweltech Ltd (RADHIKAJWE)?
On an EBIT basis the return on assets of Radhika Jeweltech Ltd is 19.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Radhika Jeweltech Ltd (RADHIKAJWE)?
The operating margin of Radhika Jeweltech Ltd is 19.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Radhika Jeweltech Ltd (RADHIKAJWE)?
Revenue at Radhika Jeweltech Ltd is growing +53.9% versus a year earlier (3y avg +26.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Radhika Jeweltech Ltd (RADHIKAJWE)?
Earnings per share at Radhika Jeweltech Ltd are growing +25.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Radhika Jeweltech Ltd (RADHIKAJWE) generate?
The free cash flow of Radhika Jeweltech Ltd is −₹139M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Radhika Jeweltech Ltd (RADHIKAJWE) carry?
The net debt of Radhika Jeweltech Ltd is ₹443M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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