Kalyan Jewellers India Ltd

Kalyan Jewellers India Ltd

₹ 706 -0.74%
22 Nov - 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 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 72,851 Cr.
  • Current Price 706
  • High / Low 786 / 304
  • Stock P/E 125
  • Book Value 42.1
  • Dividend Yield 0.17 %
  • ROCE 16.3 %
  • ROE 14.1 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 65.3% CAGR over last 5 years
  • Company's working capital requirements have reduced from 110 days to 82.5 days

Cons

  • Stock is trading at 16.8 times its book value
  • Company has a low return on equity of 11.2% 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,503 2,880 2,399 2,719 2,841 3,219 2,805 3,641 3,754 4,512 3,876 4,687 5,227
2,302 2,627 2,211 2,501 2,619 2,943 2,588 3,372 3,487 4,195 3,613 4,372 4,964
Operating Profit 201 253 188 218 222 276 217 269 267 316 263 315 263
OPM % 8% 9% 8% 8% 8% 9% 8% 7% 7% 7% 7% 7% 5%
6 18 14 9 10 10 -20 14 14 23 26 25 28
Interest 70 66 61 56 58 59 62 61 63 60 58 60 63
Depreciation 46 45 45 44 46 46 47 48 51 53 55 56 61
Profit before tax 91 159 96 128 129 180 89 174 168 226 176 224 167
Tax % 25% 26% 27% 25% 26% 26% 26% 26% 25% 26% 26% 26% 28%
68 118 70 95 95 133 66 129 126 168 131 165 120
EPS in Rs 0.66 1.15 0.68 0.93 0.92 1.29 0.64 1.25 1.22 1.63 1.28 1.60 1.17
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 TTM
7,956 7,541 8,297 7,448 7,846 7,326 9,056 11,584 15,783 18,302
7,738 7,063 7,764 7,106 7,192 6,686 8,346 10,627 14,640 17,144
Operating Profit 218 479 533 342 654 640 710 957 1,143 1,158
OPM % 3% 6% 6% 5% 8% 9% 8% 8% 7% 6%
143 51 22 58 98 53 42 9 76 101
Interest 295 314 253 245 331 331 282 258 269 240
Depreciation 59 78 82 91 186 174 181 183 206 225
Profit before tax 7 139 220 64 235 187 290 525 744 793
Tax % -240% 18% 37% 30% 34% 26% 26% 26% 26%
25 114 138 45 156 138 214 390 554 585
EPS in Rs 0.35 1.36 1.64 0.54 1.86 1.34 2.08 3.78 5.38 5.68
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 13% 22%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 29%
TTM: 36%
Compounded Profit Growth
10 Years: %
5 Years: 65%
3 Years: 59%
TTM: 23%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 115%
1 Year: 115%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 11%
Last Year: 14%

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 Sep 2024
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 3,314
2,365 2,537 1,767 2,783 2,671 2,547 2,385 2,415 2,151 1,949
1,659 1,497 2,918 1,255 1,998 2,340 2,107 3,116 4,610 5,289
Total Liabilities 5,339 5,515 6,644 6,044 6,707 7,912 7,756 9,198 10,928 11,583
812 873 1,003 1,022 1,568 1,431 1,401 1,291 1,615 1,725
CWIP 14 0 16 22 24 53 2 20 49 8
Investments 252 252 260 267 273 755 768 768 773 843
4,261 4,391 5,365 4,733 4,842 5,674 5,585 7,119 8,491 9,007
Total Assets 5,339 5,515 6,644 6,044 6,707 7,912 7,756 9,198 10,928 11,583

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
156 516 123 715 986
4 -310 144 -362 -116
-126 -23 -488 -376 -833
Net Cash Flow 34 183 -221 -23 36

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
Debtor Days 1 0 0 0 0 0 0 3 4
Inventory Days 165 202 209 209 206 263 226 213 182
Days Payable 43 40 27 17 17 33 24 36 42
Cash Conversion Cycle 124 162 182 192 189 230 202 181 145
Working Capital Days 87 107 132 140 136 143 133 114 82
ROCE % 12% 12% 7% 12% 10% 10% 14% 16%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.54% 60.54% 60.54% 60.54% 60.54% 60.55% 60.55% 60.55% 60.55% 60.63% 60.59% 62.90%
3.26% 3.05% 2.77% 2.75% 28.72% 29.65% 27.09% 26.56% 26.21% 21.10% 21.19% 15.74%
2.07% 1.74% 1.96% 2.58% 2.89% 2.63% 5.17% 4.86% 5.48% 11.00% 11.75% 13.74%
34.13% 34.67% 34.73% 34.14% 7.84% 7.17% 7.20% 8.03% 7.75% 7.26% 6.46% 7.62%
No. of Shareholders 2,67,6232,71,5832,61,9522,16,0732,11,2152,24,4012,53,1523,55,6963,71,6483,70,8124,03,4055,53,774

* 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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