Kalyan Jewellers India Ltd

Kalyan Jewellers India Ltd

₹ 513 -0.19%
18 Jun 12:57 p.m.
About

Kalyan Jewellers India Ltd. designs manufacture and sells a range of gold, studded and other jewellery products across various price points. It is one of the largest jewellery retailers in India based on revenue as of FY20. The co. was founded by the current Chairman, MD and Promoter, Mr T.S. Kalyanaraman [1]

Key Points

Market Position
The company is among India’s top 5 gold jewellery retailers, accounting for about 6% of the total organised market share. [1]

  • Market Cap 52,978 Cr.
  • Current Price 513
  • High / Low 795 / 399
  • Stock P/E 77.0
  • Book Value 46.3
  • Dividend Yield 0.23 %
  • ROCE 17.7 %
  • ROE 15.4 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.3%
  • Company's working capital requirements have reduced from 80.0 days to 43.4 days

Cons

  • Stock is trading at 11.1 times its book value
  • Company has a low return on equity of 14.0% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,399 2,719 2,841 3,219 2,805 3,641 3,754 4,512 3,867 4,687 5,227 6,386 5,350
2,211 2,501 2,619 2,943 2,588 3,372 3,487 4,195 3,613 4,372 4,964 6,016 5,007
Operating Profit 188 218 222 276 217 269 267 316 255 315 263 370 344
OPM % 8% 8% 8% 9% 8% 7% 7% 7% 7% 7% 5% 6% 6%
14 9 10 10 -20 14 14 23 34 25 28 41 42
Interest 61 56 58 59 62 61 63 60 58 60 63 58 69
Depreciation 45 44 46 46 47 48 51 53 55 56 61 61 68
Profit before tax 96 128 129 180 89 174 168 226 176 224 167 292 249
Tax % 27% 25% 26% 26% 26% 26% 25% 26% 26% 26% 28% 25% 26%
70 95 95 133 66 129 126 168 131 165 120 218 185
EPS in Rs 0.68 0.93 0.92 1.29 0.64 1.25 1.22 1.63 1.28 1.60 1.17 2.11 1.80
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
7,956 7,541 8,297 7,448 7,846 7,326 9,056 11,584 15,783 21,639
7,738 7,063 7,764 7,106 7,192 6,686 8,346 10,627 14,640 20,359
Operating Profit 218 479 533 342 654 640 710 957 1,143 1,280
OPM % 3% 6% 6% 5% 8% 9% 8% 8% 7% 6%
143 51 22 58 98 53 42 9 76 149
Interest 295 314 253 245 331 331 282 258 269 250
Depreciation 59 78 82 91 186 174 181 183 206 246
Profit before tax 7 139 220 64 235 187 290 525 744 932
Tax % -240% 18% 37% 30% 34% 26% 26% 26% 26% 26%
25 114 138 45 156 138 214 390 554 689
EPS in Rs 0.35 1.36 1.64 0.54 1.86 1.34 2.08 3.78 5.38 6.68
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 13% 22% 22%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 34%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 48%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 108%
1 Year: 21%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 14%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 704 839 839 839 839 1,030 1,030 1,030 1,030 1,031
Reserves 612 642 1,120 1,167 1,199 1,995 2,234 2,637 3,137 3,746
2,365 2,537 1,767 2,783 2,671 2,547 2,385 2,415 2,151 2,283
1,659 1,497 2,918 1,255 1,998 2,340 2,107 3,116 4,610 5,649
Total Liabilities 5,339 5,515 6,644 6,044 6,707 7,912 7,756 9,198 10,928 12,709
812 873 1,003 1,022 1,568 1,431 1,401 1,291 1,615 1,914
CWIP 14 0 16 22 24 53 2 20 49 6
Investments 252 252 260 267 273 755 768 768 773 851
4,261 4,391 5,365 4,733 4,842 5,674 5,585 7,119 8,491 9,938
Total Assets 5,339 5,515 6,644 6,044 6,707 7,912 7,756 9,198 10,928 12,709

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
156 516 123 715 986 973
4 -310 144 -362 -116 -293
-126 -23 -488 -376 -833 -513
Net Cash Flow 34 183 -221 -23 36 167

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 1 0 0 0 0 0 0 3 4 6
Inventory Days 165 202 209 209 206 263 226 213 182 146
Days Payable 43 40 27 17 17 33 24 36 42 56
Cash Conversion Cycle 124 162 182 192 189 230 202 181 145 96
Working Capital Days 87 107 132 140 136 143 133 114 82 43
ROCE % 12% 12% 7% 12% 10% 10% 14% 16% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
60.54% 60.54% 60.54% 60.55% 60.55% 60.55% 60.55% 60.63% 60.59% 62.90% 62.85% 62.85%
2.77% 2.75% 28.72% 29.65% 27.09% 26.56% 26.21% 21.10% 21.19% 15.74% 16.37% 16.89%
1.96% 2.58% 2.89% 2.63% 5.17% 4.86% 5.48% 11.00% 11.75% 13.74% 13.57% 11.97%
34.73% 34.14% 7.84% 7.17% 7.20% 8.03% 7.75% 7.26% 6.46% 7.62% 7.21% 8.29%
No. of Shareholders 2,61,9522,16,0732,11,2152,24,4012,53,1523,55,6963,71,6483,70,8124,03,4055,53,7745,70,9847,86,781

* 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.

Documents

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