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 76.4
  • Book Value 37.4
  • Dividend Yield 0.12 %
  • ROCE 12.7 %
  • ROE 13.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 29.6% 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 6.02% over past five years.
  • Company has a low return on equity of 7.65% 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,936 3,057 1,637 2,889 3,435 2,857 3,333 3,473 3,884 3,382 4,376 4,415 5,223
2,648 2,829 1,568 2,661 3,136 2,639 3,068 3,207 3,557 3,125 4,053 4,101 4,853
Operating Profit 288 228 69 228 299 218 264 266 327 257 323 314 370
OPM % 10% 7% 4% 8% 9% 8% 8% 8% 8% 8% 7% 7% 7%
7 12 5 5 17 11 8 8 7 -19 12 13 20
Interest 99 87 81 84 82 76 71 74 77 80 82 82 82
Depreciation 55 55 58 57 59 58 59 60 62 63 64 67 70
Profit before tax 142 98 -65 92 176 96 142 140 195 95 188 178 239
Tax % 18% 25% 21% 25% 23% 25% 24% 25% 24% 26% 24% 24% 24%
115 74 -51 69 135 72 108 106 148 70 144 135 180
EPS in Rs 1.37 0.72 -0.50 0.67 1.31 0.70 1.05 1.03 1.44 0.68 1.40 1.31 1.75
Raw PDF
Upcoming result date: 10 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
10,505 9,771 10,101 8,573 10,818 14,071 17,395
9,732 9,151 9,302 7,949 9,965 12,906 16,132
Operating Profit 774 620 799 624 853 1,165 1,263
OPM % 7% 6% 8% 7% 8% 8% 7%
32 42 80 45 38 5 26
Interest 390 418 419 405 360 353 326
Depreciation 202 224 239 225 232 245 264
Profit before tax 214 21 221 39 299 572 700
Tax % 34% 123% 36% 115% 25% 24%
141 -5 142 -6 224 432 529
EPS in Rs 1.70 -0.04 1.70 -0.06 2.18 4.20 5.14
Dividend Payout % 0% 0% 0% 0% 0% 12%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 12%
TTM: 28%
Compounded Profit Growth
10 Years: %
5 Years: 30%
3 Years: 48%
TTM: 27%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 84%
1 Year: 296%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 8%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 839 839 839 1,030 1,030 1,030 1,030
Reserves 1,012 1,046 1,203 1,796 2,107 2,605 2,823
Preference Capital 119 119 119 0 0 0
4,077 3,788 3,640 4,081 4,029 4,295 2,522
2,622 2,387 2,536 1,958 1,779 2,783 5,102
Total Liabilities 8,551 8,060 8,219 8,865 8,945 10,713 11,477
1,879 2,152 2,167 1,899 1,921 1,903 2,039
CWIP 18 22 24 53 2 20 32
Investments 1 3 0 0 1 4 4
6,654 5,884 6,027 6,913 7,021 8,785 9,400
Total Assets 8,551 8,060 8,219 8,865 8,945 10,713 11,477

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
320 629 264 1,013
34 -217 64 -384
-343 -208 -544 -638
Net Cash Flow 11 204 -216 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 6 5 8 5 4 6
Inventory Days 208 200 205 272 232 216
Days Payable 31 19 24 35 26 37
Cash Conversion Cycle 184 187 189 241 210 185
Working Capital Days 121 123 122 157 146 124
ROCE % 7% 11% 7% 9% 13%

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.

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