Kalyan Jewellers India Ltd

Kalyan Jewellers Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kalyan Jewellers India Ltd

₹ 495 -0.17%
03 Jul 9:09 a.m.
kalyanjewellers.net BSE: 543278 NSE: KALYANKJIL
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]

Website BSE NSE
  • Market Cap ₹ 51,005 Cr.
  • Current Price ₹ 495
  • High / Low ₹ 546 / 146
  • Stock P/E 85.5
  • Book Value ₹ 40.7
  • Dividend Yield 0.10 %
  • ROCE 13.4 %
  • ROE 15.2 %
  • Face Value ₹ 10.0
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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 12.2 times its book value
  • Company has a low return on equity of 12.4% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,057 1,637 2,889 3,435 2,857 3,333 3,473 3,884 3,382 4,376 4,415 5,223 4,535
2,829 1,568 2,661 3,136 2,639 3,068 3,207 3,557 3,125 4,053 4,101 4,853 4,229
Operating Profit 228 69 228 299 218 264 266 327 257 323 314 370 306
OPM % 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 29
Interest 87 81 84 82 76 71 74 77 80 82 82 82 78
Depreciation 55 58 57 59 58 59 60 62 63 64 67 70 74
Profit before tax 98 -65 92 176 96 142 140 195 95 188 178 239 184
Tax % 25% 21% 25% 23% 25% 24% 25% 24% 26% 24% 24% 24% 25%
74 -51 69 135 72 108 106 148 70 144 135 180 137
EPS in Rs 0.72 -0.50 0.67 1.31 0.70 1.05 1.03 1.44 0.68 1.40 1.31 1.75 1.34
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10,505 9,771 10,101 8,573 10,818 14,071 18,548
9,732 9,151 9,302 7,949 9,965 12,906 17,236
Operating Profit 774 620 799 624 853 1,165 1,313
OPM % 7% 6% 8% 7% 8% 8% 7%
32 42 80 45 38 5 74
Interest 390 418 419 405 360 353 323
Depreciation 202 224 239 225 232 245 274
Profit before tax 214 21 221 39 299 572 789
Tax % 34% 123% 36% 115% 25% 24% 24%
141 -5 142 -6 224 432 596
EPS in Rs 1.70 -0.04 1.70 -0.06 2.18 4.20 5.80
Dividend Payout % 0% 0% 0% 0% 0% 12% 21%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 29%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: 176%
3 Years: 367%
TTM: 31%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 85%
1 Year: 237%
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
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 3,159
Preference Capital 119 119 119 0 0 0
4,077 3,788 3,640 4,081 4,029 4,295 4,486
2,622 2,387 2,536 1,958 1,779 2,783 4,142
Total Liabilities 8,551 8,060 8,219 8,865 8,945 10,713 12,818
1,879 2,152 2,167 1,899 1,921 1,903 2,299
CWIP 18 22 24 53 2 20 48
Investments 1 3 0 0 1 4 4
6,654 5,884 6,027 6,913 7,021 8,785 10,465
Total Assets 8,551 8,060 8,219 8,865 8,945 10,713 12,818

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 1,323
34 -217 64 -384 -138
-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%

Shareholding Pattern

Numbers in percentages

3 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.

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