Kalyan Jewellers India Ltd
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]
- Market Cap ₹ 48,194 Cr.
- Current Price ₹ 467
- High / Low ₹ 795 / 336
- Stock P/E 72.6
- Book Value ₹ 42.3
- Dividend Yield 0.26 %
- ROCE 14.0 %
- ROE 15.2 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 176% CAGR over last 5 years
- Company's working capital requirements have reduced from 122 days to 96.0 days
Cons
- Stock is trading at 11.1 times its book value
- Company has a low return on equity of 12.4% 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.
Peer comparison
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Part of BSE 400 MidSmallCap Index BSE Allcap Nifty Alpha 50 BSE Consumer Durables Nifty 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|
10,505 | 9,771 | 10,101 | 8,573 | 10,818 | 14,071 | 18,548 | 23,423 | |
9,732 | 9,151 | 9,302 | 7,949 | 9,965 | 12,906 | 17,180 | 21,974 | |
Operating Profit | 774 | 620 | 799 | 624 | 853 | 1,165 | 1,368 | 1,448 |
OPM % | 7% | 6% | 8% | 7% | 8% | 8% | 7% | 6% |
32 | 42 | 80 | 45 | 38 | 5 | 74 | 108 | |
Interest | 390 | 418 | 419 | 405 | 360 | 353 | 379 | 341 |
Depreciation | 202 | 224 | 239 | 225 | 232 | 245 | 274 | 323 |
Profit before tax | 214 | 21 | 221 | 39 | 299 | 572 | 789 | 893 |
Tax % | 34% | 123% | 36% | 115% | 25% | 24% | 24% | |
141 | -5 | 142 | -6 | 224 | 432 | 596 | 664 | |
EPS in Rs | 1.70 | -0.04 | 1.70 | -0.06 | 2.18 | 4.20 | 5.80 | 6.45 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 12% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 29% |
TTM: | 35% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 176% |
3 Years: | 367% |
TTM: | 21% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 97% |
1 Year: | 9% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 12% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 839 | 839 | 839 | 1,030 | 1,030 | 1,030 | 1,030 | 1,031 |
Reserves | 1,012 | 1,046 | 1,203 | 1,796 | 2,107 | 2,605 | 3,159 | 3,328 |
4,196 | 3,907 | 3,759 | 4,081 | 4,029 | 4,295 | 4,486 | 4,550 | |
2,503 | 2,268 | 2,417 | 1,958 | 1,779 | 2,783 | 4,142 | 4,850 | |
Total Liabilities | 8,551 | 8,060 | 8,219 | 8,865 | 8,945 | 10,713 | 12,818 | 13,759 |
1,879 | 2,152 | 2,167 | 1,899 | 1,921 | 1,903 | 2,299 | 2,491 | |
CWIP | 18 | 22 | 24 | 53 | 2 | 20 | 49 | 9 |
Investments | 1 | 3 | 0 | 0 | 1 | 4 | 4 | 5 |
6,654 | 5,884 | 6,027 | 6,913 | 7,021 | 8,785 | 10,465 | 11,254 | |
Total Assets | 8,551 | 8,060 | 8,219 | 8,865 | 8,945 | 10,713 | 12,818 | 13,759 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
320 | 629 | 264 | 1,013 | 1,322 | |||
34 | -217 | 64 | -384 | -137 | |||
-343 | -208 | -544 | -638 | -1,148 | |||
Net Cash Flow | 11 | 204 | -216 | -8 | 37 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 6 | 5 | 8 | 5 | 4 | 6 | 6 |
Inventory Days | 208 | 200 | 205 | 272 | 232 | 216 | 191 |
Days Payable | 31 | 19 | 24 | 35 | 26 | 37 | 45 |
Cash Conversion Cycle | 184 | 187 | 189 | 241 | 210 | 185 | 153 |
Working Capital Days | 121 | 123 | 122 | 157 | 146 | 124 | 96 |
ROCE % | 7% | 11% | 7% | 9% | 13% | 14% |
Documents
Announcements
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General Announcements
25 Mar - Appointment of Mr. T K Seetharam and Mr. T K Ramesh as directors.
- Closure of Trading Window 24 Mar
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
21 Mar - Postal ballot resolutions passed with requisite majority.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
21 Mar - Results of Postal Ballot for shareholder resolutions.
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Announcement Under Regulation 30 SEBI (LODR) - Updates
19 Mar - SES assigns ESG Score of 65 for FY 2023-24.
Annual reports
Concalls
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Feb 2025Transcript PPT
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Jan 2025TranscriptPPTREC
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Nov 2024Transcript PPT
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May 2024Transcript PPT
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Nov 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
Market Position
The company is among India’s top 5 gold jewellery retailers, accounting for about 6% of the total organised market share. [1]