Kalyan Jewellers Ltd’s fundamental analysis highlights key financial metrics, including a market capitalization of ₹56,561 crore, a PE ratio of 89.7, a debt-to-equity ratio of 1.07, and a return on equity (ROE) of 15.2%. These figures indicate the bank’s financial health and its ability to manage debt while delivering returns.
Content:
- Kalyan Jewellers India Limited Overview
- Kalyan Jewellers India Ltd Financial Results
- Kalyan Jewellers India Limited Financial Analysis
- Kalyan Jewellers India Ltd Company Metrics
- Kalyan Jewellers India Ltd Stock Performance
- Kalyan Jewellers India Ltd Peer Comparison
- Kalyan Jewellers India Limited Shareholding Pattern
- Kalyan Jewellers History
- How To Invest In Kalyan Jewellers India Ltd Share?
- Kalyan Jewellers India Limited Fundamental Analysis – FAQs
Kalyan Jewellers India Limited Overview
Kalyan Jewellers India Limited is a prominent jewellery retail company founded in 1993. It operates over 150 showrooms across India and the Middle East, offering a diverse range of traditional and contemporary jewellery. Known for transparency and customer education, it has a strong market presence.
The company has a market capitalization of ₹56,561 crore and is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Currently, the stock is trading 13.5% below its 52-week high and 171% above its 52-week low.
Kalyan Jewellers India Ltd Financial Results
Kalyan Jewellers India Ltd financial results for FY24 show sales of ₹18,548 crore and a net profit of ₹596.29 crore, up from ₹10,818 crore and ₹224.03 crore in FY22. The EPS increased to ₹5.8 from ₹2.18.
- Revenue Trend: Kalyan Jewellers India Ltd’s revenue grew from ₹10,818 crore in FY22 to ₹18,548 crore in FY24, reflecting a significant increase. FY23 revenue was ₹14,071 crore, indicating steady growth.
- Equity and Liabilities: Equity capital stood at ₹1,030 Crores in FY24, with reserves increasing to ₹3,137 Crores. Total liabilities increased to ₹10,928 Crores from ₹9,198 Crores in FY23, indicating a growing financial base.
- Profitability: Operating profit rose from ₹814.5 crore in FY22 to ₹1,313 crore in FY24. FY23 operating profit was ₹1,114 crore, showing consistent profitability improvement.
- Earnings Per Share (EPS): EPS increased from ₹2.18 in FY22 to ₹5.8 in FY24, demonstrating strong earnings growth. FY23 EPS was ₹4.2, marking a steady upward trend.
- Return on Net Worth (RoNW): The Return on Net Worth (RoNW) decreased slightly to 14.1% in FY24 from 15% in FY23, reflecting a robust return on shareholders’ equity and improved profitability over the period.
- Financial Position: The financial position appears strong with increased sales and net profit. FY24’s net profit of ₹596.29 crore and EBITDA of ₹1,386 crore highlight the company’s solid financial standing.
Kalyan Jewellers India Limited Financial Analysis
| FY24 | FY23 | FY22 | |
| Sales | 18,548 | 14,071 | 10,818 |
| Expenses | 17,236 | 12,957 | 10,003 |
| Operating Profit | 1,313 | 1,114 | 814.5 |
| OPM % | 7 | 8 | 8 |
| Other Income | 73.71 | 4.64 | 38.29 |
| EBITDA | 1,386 | 1,152 | 852.8 |
| Interest | 323.24 | 302.57 | 322.36 |
| Depreciation | 274.3 | 244.58 | 231.58 |
| Profit Before Tax | 788.83 | 571.52 | 298.86 |
| Tax % | 24.41 | 24.42 | 25.04 |
| Net Profit | 596.29 | 431.93 | 224.03 |
| EPS | 5.8 | 4.2 | 2.18 |
| Dividend Payout % | 20.69 | 11.9 | 0 |
All values in ₹ Crores.
Kalyan Jewellers India Ltd Company Metrics
Kalyan Jewellers has a market cap of ₹56,561 crore with a current price of ₹548. The stock trades at a PE ratio of 89.7, offering a dividend yield of 0.22% and an ROE of 15.2%.
- Market Cap: Kalyan Jewellers’ market capitalization stands at ₹56,561 crore, reflecting its substantial market presence. This valuation underscores its strong position in the jewellery retail sector.
- Book Value: The book value per share is ₹40.7, indicating the company’s net asset value per share.
- Face Value: The face value of the stock is ₹10.0, representing the nominal value of each share.
- Turnover: The asset turnover ratio is 1.58, showing how effectively the company uses its assets to generate sales.
- PE Ratio: The price-to-earnings (PE) ratio is 89.7, indicating high investor expectations for future earnings. A high PE ratio suggests that the stock is valued for its growth potential.
- Debt: The company has a debt level of ₹4,486 crore with a debt-to-equity ratio of 1.07, indicating a balanced approach to leveraging and financing its operations.
- ROE: Return on equity (ROE) is 15.2%, reflecting Kalyan Jewellers’ ability to generate profits from shareholders’ equity.
- EBITDA Margin: The EBITDA margin is 41.4%, highlighting the company’s strong profitability before interest, taxes, depreciation, and amortization. This margin reflects operational efficiency and cost management.
- Dividend Yield: The dividend yield is 0.22%, representing the return on investment through dividends relative to the stock price. This yield reflects the company’s modest but stable dividend payout.
Kalyan Jewellers India Ltd Stock Performance
Over the past 5 years, the return on investment is not specified. However, returns have been 107% over 3 years and 143% over 1 year, indicating strong recent performance.
| Period | Return on Investment (%) |
| 3 Years | 107% |
| 1 Year | 143% |
Examples:
1. If A invested ₹1,00,000 over 1 year, the return was ₹2,43,000.
2. For a ₹1,00,000 investment over 3 years, A received ₹2,07,000.
Kalyan Jewellers India Ltd Peer Comparison
Kalyan Jewellers, with a market cap of ₹56,561 crore, shows impressive returns of 143.49% over 1 year and 35.1% over 3 months. Competitors include Titan Company, Rajesh Exports, Senco Gold, Vaibhav Global, Thangamayil Jewellery, and PC Jeweller.
| S.No. | Name | CMP Rs. | Mar Cap Rs.Cr. | PEG | 3mth return % | 1Yr return % |
| 1 | Titan Company | 3559.65 | 316061.73 | 4.52 | 3.14 | 15.76 |
| 2 | Kalyan Jewellers | 548.15 | 56560.91 | 0.51 | 35.1 | 143.49 |
| 3 | Rajesh Exports | 294.25 | 8686.55 | -9.65 | -2.81 | -43.55 |
| 4 | Senco Gold | 1090.2 | 8466.68 | 1.94 | 22.52 | 163.59 |
| 5 | Vaibhav Global | 330.1 | 5479.58 | -16.33 | -15.28 | -9.38 |
| 6 | Thangamayil Jew. | 1878 | 5149.73 | 1.31 | 48.7 | 50.12 |
| 7 | PC Jeweller | 103.54 | 4816.35 | 0.4 | 109.17 | 275.83 |
Kalyan Jewellers India Limited Shareholding Pattern
The shareholding Pattern of Kalyan Jewellers shows data of three consecutive quarters. As of June 2024, promoters hold 60.59% of shares, with Foreign Institutional Investors (FII) at 21.19% and Domestic Institutional Investors (DII) at 11.75%. Retail and others hold 6.46%, reflecting a stable and diversified ownership structure.
| Jun 2024 | Mar 2024 | Dec 2023 | |
| Promoters | 60.59 | 60.63 | 60.55 |
| FII | 21.19 | 21.1 | 26.21 |
| DII | 11.75 | 11 | 5.48 |
| Retail & others | 6.46 | 7.26 | 7.75 |
All values in %
Kalyan Jewellers History
Kalyan Jewellers, rooted in a legacy dating back to 1908, began as a family business in pre-independent India. Initially focused on nation-building, it ventured into jewellery retailing in 1993 in Thrissur, Kerala.
Over the decades, Kalyan Jewellers expanded significantly, establishing over 150 showrooms across India and the GCC by March 2022. Their deep understanding of local tastes allowed them to offer a diverse range of traditional and contemporary jewellery designs.
Kalyan Jewellers emphasizes transparency and customer education, launching numerous campaigns on jewellery purity and pricing. These initiatives have contributed to the industry becoming more consumer-friendly and transparent.
Guided by ethical business practices, Kalyan Jewellers’ leadership continues to expand its global presence. Plans include new markets in the USA, Singapore, Malaysia, and Sri Lanka, driven by the trust they’ve built.
The brand is known for its innovative approach, introducing multi-storey showrooms, massive marketing campaigns, and customer loyalty programs. Their mission remains focused on delighting customers with quality, value, and an unmatched shopping experience.
How To Invest In Kalyan Jewellers India Ltd Share?
Investing in Kalyan Jewellers shares is a straightforward process:
- Open a Demat Account: Start by opening a Demat and trading account with a reliable brokerage firm like Alice Blue.
- Complete KYC: Submit necessary documents for KYC verification.
- Fund Your Account: Deposit funds into your trading account.
- Buy Shares: Search for Kalyan Jewellers shares and place your buy order.
Kalyan Jewellers India Limited Fundamental Analysis – FAQs
Kalyan Jewellers Ltd has a market capitalization of ₹56,561 crore, a PE ratio of 89.7, a debt-to-equity ratio of 1.07, and an ROE of 15.2%, reflecting its financial health and effective debt management with strong returns.
The market capitalization of Kalyan Jewellers Ltd is ₹56,561 crore. This figure represents the total value of the company’s outstanding shares in the stock market, calculated by multiplying the current share price by the total number of shares outstanding.
Kalyan Jewellers Limited is a leading Indian jewellery retail company, established in 1993. It offers a wide range of traditional and contemporary jewellery designs, with over 150 showrooms across India and the Middle East.
Kalyan Jewellers is owned by the Kalyanaraman family. T.S. Kalyanaraman, the Chairman and Managing Director, and his brothers Rajesh and Ramesh Kalyanaraman, who serve as Executive Directors, lead the company’s operations and strategic direction.
The main shareholders of Kalyan Jewellers India Ltd include the Kalyanaraman family, which holds a significant portion of shares. Additionally, institutional investors and public shareholders have stakes in the company, reflecting a diverse ownership structure.
Kalyan Jewellers operates in the retail jewellery industry. It specializes in offering a wide range of traditional and contemporary jewellery designs, including gold, diamonds, and precious stones, through its extensive network of showrooms.
Investors can buy Kalyan Jewellers shares through stock exchanges by opening a trading account with Alice Blue or via online trading platforms, participating in market transactions during trading hours.
Determining if Kalyan Jewellers is overvalued or undervalued requires analyzing its current market price compared to its intrinsic value, considering factors like PE ratio, growth prospects, and industry comparisons. With a PE ratio of 89.7, Kalyan Jewellers might be fairly valued, reflecting market expectations and moderate growth potential.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
