Kalyan Jewellers India Ltd

Kalyan Jewellers India Ltd

₹ 409 1.59%
19 Apr - close price
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 Share as of FY20
Overall Jewellery Market: 2%
Organized Jewellery Market: 6% [1] [2]

  • Market Cap 42,083 Cr.
  • Current Price 409
  • High / Low 450 / 101
  • Stock P/E 82.6
  • Book Value 37.4
  • Dividend Yield 0.12 %
  • ROCE 13.9 %
  • ROE 11.9 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 24.6% CAGR over last 5 years

Cons

  • Stock is trading at 10.9 times its book value
  • The company has delivered a poor sales growth of 6.90% over past five years.
  • Company has a low return on equity of 8.37% 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2,497 2,615 1,274 2,503 2,880 2,399 2,719 2,841 3,219 2,805 3,641 3,754 4,512
2,250 2,421 1,224 2,302 2,627 2,211 2,501 2,619 2,943 2,588 3,372 3,487 4,195
Operating Profit 247 194 50 201 253 188 218 222 276 217 269 267 316
OPM % 10% 7% 4% 8% 9% 8% 8% 8% 9% 8% 7% 7% 7%
4 11 5 6 18 14 9 10 10 -20 14 14 23
Interest 83 73 66 70 66 61 56 58 59 62 61 63 60
Depreciation 44 42 45 46 45 45 44 46 46 47 48 51 53
Profit before tax 124 90 -56 91 159 96 128 129 180 89 174 168 226
Tax % 25% 26% 25% 25% 26% 27% 25% 26% 26% 26% 26% 25% 26%
94 66 -43 68 118 70 95 95 133 66 129 126 168
EPS in Rs 1.12 0.65 -0.41 0.66 1.15 0.68 0.93 0.92 1.29 0.64 1.25 1.22 1.63
Raw PDF
Upcoming result date: 10 May 2024

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 TTM
7,956 7,541 8,297 7,448 7,846 7,326 9,056 11,584 14,712
7,738 7,063 7,764 7,106 7,192 6,686 8,346 10,627 13,642
Operating Profit 218 479 533 342 654 640 710 957 1,070
OPM % 3% 6% 6% 5% 8% 9% 8% 8% 7%
143 51 22 58 98 53 42 9 31
Interest 295 314 253 245 331 331 282 258 245
Depreciation 59 78 82 91 186 174 181 183 199
Profit before tax 7 139 220 64 235 187 290 525 657
Tax % -240% 18% 37% 30% 34% 26% 26% 26%
25 114 138 45 156 138 214 390 489
EPS in Rs 0.35 1.36 1.64 0.54 1.86 1.34 2.08 3.78 4.74
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 13%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: 14%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 38%
TTM: 29%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 83%
1 Year: 296%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 8%
Last Year: 12%

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 Sep 2023
Equity Capital 704 839 839 839 839 1,030 1,030 1,030 1,030
Reserves 612 642 1,120 1,167 1,199 1,995 2,234 2,637 2,822
Preference Capital 200 0 119 119 119 0 0 0
2,165 2,537 1,648 2,664 2,552 2,547 2,385 2,415 2,074
1,859 1,497 3,037 1,374 2,117 2,340 2,107 3,116 3,939
Total Liabilities 5,339 5,515 6,644 6,044 6,707 7,912 7,756 9,198 9,865
812 873 1,003 1,022 1,568 1,431 1,401 1,291 1,441
CWIP 14 0 16 22 24 53 2 20 32
Investments 252 252 260 267 273 755 768 768 768
4,261 4,391 5,365 4,733 4,842 5,674 5,585 7,119 7,624
Total Assets 5,339 5,515 6,644 6,044 6,707 7,912 7,756 9,198 9,865

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
156 516 123 715
4 -310 144 -362
-126 -23 -488 -376
Net Cash Flow 34 183 -221 -23

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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

Shareholding Pattern

Numbers in percentages

26 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.53% 60.54% 60.54% 60.54% 60.54% 60.54% 60.54% 60.55% 60.55% 60.55% 60.55% 60.63%
4.04% 2.87% 3.26% 3.05% 2.77% 2.75% 28.72% 29.65% 27.09% 26.56% 26.21% 21.10%
1.62% 1.89% 2.07% 1.74% 1.96% 2.58% 2.89% 2.63% 5.17% 4.86% 5.48% 11.00%
33.81% 34.70% 34.13% 34.67% 34.73% 34.14% 7.84% 7.17% 7.20% 8.03% 7.75% 7.26%
No. of Shareholders 2,89,6712,87,5852,67,6232,71,5832,61,9522,16,0732,11,2152,24,4012,53,1523,55,6963,71,6483,70,812

* 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