Khazanchi Jewellers Ltd

Khazanchi Jewellers Ltd

₹ 668 1.43%
23 Jul 10:11 a.m.
About

Incorporated in 1996, Khazanchi Jewellers
Ltd is in the business of buying and selling
of Gold ornaments, Gold bullion and Silver bullion[1]

Key Points

Business Overview:[1]
KJL is a legacy jewellery brand founded in 1971, headquartered in Chennai. The company offers an extensive portfolio across gold, diamond, precious stone jewellery, designer collections, and bullion products (coins & bars), catering to wedding, festive, fusion, and everyday wear segments

  • Market Cap 1,653 Cr.
  • Current Price 668
  • High / Low 800 / 577
  • Stock P/E 18.5
  • Book Value 129
  • Dividend Yield 0.08 %
  • ROCE 34.8 %
  • ROE 32.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 102% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.1%

Cons

  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Jun 2023 Dec 2023 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
187 208 381 375 394 622 404 549 589 508
181 197 368 360 377 602 383 516 554 471
Operating Profit 6 10 13 15 16 19 21 32 35 37
OPM % 3% 5% 4% 4% 4% 3% 5% 6% 6% 7%
0 0 0 0 0 0 0 0 0 1
Interest 1 1 1 1 1 1 1 1 1 3
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit before tax 5 9 12 15 15 18 20 32 34 35
Tax % 46% 37% 26% 26% 19% 32% 25% 25% 26% 27%
3 6 9 11 12 13 15 24 25 26
EPS in Rs 1.55 2.34 3.72 4.36 5.00 5.07 6.12 9.52 10.15 10.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
361 382 257 481 821 1,772 2,049
353 374 249 465 780 1,708 1,924
Operating Profit 8 8 8 16 41 64 125
OPM % 2% 2% 3% 3% 5% 4% 6%
1 1 1 1 1 1 2
Interest 6 5 4 6 5 4 6
Depreciation 0 0 0 0 0 0 1
Profit before tax 3 4 4 10 37 61 121
Tax % 24% 24% 23% 26% 26% 26% 26%
2 3 3 8 27 45 89
EPS in Rs 11.04 18.17 36.13
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 40%
3 Years: 62%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 102%
3 Years: 130%
TTM: 99%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 9%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 27%
Last Year: 32%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 10 10 10 10 25 25 25
Reserves 13 16 19 26 163 207 295
78 75 84 85 55 65 110
3 13 12 24 12 10 36
Total Liabilities 104 113 124 145 254 306 466
13 9 13 13 13 13 25
CWIP 0 0 0 0 2 6 0
Investments 0 0 0 0 3 0 0
91 104 112 132 236 287 440
Total Assets 104 113 124 145 254 306 466

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
6 5 -1 6 -83 1 -36
-4 4 -4 -1 -6 -5 -2
-4 -8 5 -6 90 5 38
Net Cash Flow -2 1 0 -1 1 2 1
Free Cash Flow 2 9 -5 6 -86 -3 -42
CFO/OP 87% 71% -2% 54% -180% 20% -8%

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 1 1 5 2 10 4 4
Inventory Days 90 101 158 101 95 55 78
Days Payable 3 12 16 18 1 1 5
Cash Conversion Cycle 88 89 146 85 104 58 76
Working Capital Days 88 58 96 56 83 43 52
ROCE % 8% 8% 14% 23% 24% 35%

Insights

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Mar 2000 Mar 2010 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
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Revenue from Outside Tamil Nadu
%
Ornaments Share of Revenue
%
Total Sales Volume
kg
B2B (Wholesale) Revenue Share
%
Number of Product Categories
categories
Total Retail Showroom Area
sq ft
Number of B2B Clients
clients

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
73.68% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51% 74.51%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02%
1.54% 1.49% 1.44% 1.51% 1.60% 1.59% 1.76% 1.76% 1.74% 0.13%
24.79% 24.01% 24.06% 23.98% 23.89% 23.89% 23.71% 23.73% 23.74% 25.34%
No. of Shareholders 8268129081,1261,1471,2491,1651,2911,1161,158

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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