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 ₹ 50,050 Cr.
- Current Price ₹ 485
- High / Low ₹ 795 / 336
- Stock P/E 75.4
- Book Value ₹ 42.3
- Dividend Yield 0.25 %
- 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 11.5 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 250 LargeMidCap Index Nifty Alpha 50 BSE 400 MidSmallCap Index Nifty LargeMidcap 250 Nifty200 Momentum 30
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: | 102% |
1 Year: | 26% |
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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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Feb - Submission of Newspaper Publication - Notice of Postal Ballot
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 18 Feb
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Feb - Of Schedule of Analyst/Institutional Investor Meeting under Regulation 30 of SEBI(LODR) Regulations, 2015 for February 22, 2025
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Amended Policy Attached
11 Feb - Amended Code of Practices for Fair Disclosure of UPSI.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Feb - Schedule of Analyst/Institutional Investor Meeting on February 12, 2025.
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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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 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]