BSE: 543278 | NSE: KALYANKJIL | Diamond & Jewellery | Mid Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Kalyan Jewellers India Ltd is a average quality company.
The key valuation ratios of Kalyan Jewellers India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kalyan Jewellers India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 10.9% | 8.2% | 12.2% | 12.2% | 7.3% | 11.9% | 10.1% | 10.2% | 13.4% | 16.3% | - |
| Value Creation Index ⓘ | 0.0 | -0.3 | 0.1 | 0.1 | -0.4 | 0.1 | -0.1 | -0.2 | 0.0 | 0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 7,289 | 7,956 | 7,541 | 8,297 | 7,448 | 7,846 | 7,326 | 9,056 | 11,584 | 15,783 | 18,302 |
| Sales YoY Gr. | - | 9.2% | -5.2% | 10% | -10.2% | 5.3% | -6.6% | 23.6% | 27.9% | 36.2% | - |
| Adj EPS ⓘ | 0.7 | 0.4 | 1.3 | 1.6 | 0.3 | 1.7 | 1.6 | 2.1 | 3.9 | 5.4 | 5.7 |
| YoY Gr. | - | -44.6% | 266.7% | 23.5% | -80.4% | 425% | -6.6% | 31.2% | 90.8% | 36.4% | - |
| BVPS (₹) ⓘ | 18.2 | 18.7 | 17.7 | 23.4 | 23.9 | 24.3 | 29.4 | 31.7 | 35.6 | 40.4 | 42.1 |
| Adj Net Profit ⓘ | 46.1 | 25.2 | 111 | 137 | 27.2 | 141 | 161 | 212 | 405 | 553 | 585 |
| Cash Flow from Ops. ⓘ | -81.3 | 691 | 44.6 | 991 | -26.3 | 156 | 516 | 123 | 715 | 986 | - |
| Debt/CF from Ops. ⓘ | -26.7 | 3.1 | 56.9 | 1.7 | -101.1 | 16.3 | 4.9 | 19.3 | 3.4 | 2.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9% | 16.2% | 29.2% | 36.2% | ||||
| Adj EPS ⓘ | 26.4% | 75.7% | 50.6% | 36.4% | ||||
| BVPSⓘ | 9.2% | 11% | 11.2% | 13.3% | ||||
| Share Price | - | - | 116.1% | 114.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.1 | 1.7 | 7.4 | 7.7 | 1.3 | 6.6 | 6.2 | 6.7 | 11.7 | 14.1 | 13.8 |
| Op. Profit Mgn % ⓘ | 3.3 | 2.7 | 6.6 | 6.4 | 4.7 | 8.5 | 9.2 | 7.8 | 8.3 | 7.2 | 6.3 |
| Net Profit Mgn % ⓘ | 0.6 | 0.3 | 1.5 | 1.7 | 0.4 | 1.8 | 2.2 | 2.3 | 3.5 | 3.5 | 3.2 |
| Debt to Equity ⓘ | 1.5 | 1.4 | 1.7 | 0.8 | 1.3 | 1.2 | 0.8 | 0.7 | 0.7 | 0.5 | 0 |
| Working Cap Days ⓘ | 178 | 167 | 184 | 188 | 219 | 201 | 231 | 207 | 191 | 174 | 80 |
| Cash Conv. Cycle ⓘ | 136 | 115 | 122 | 136 | 162 | 153 | 178 | 163 | 143 | 118 | 20 |
Return on Equity has increased versus last 3 years average to 13.70%
Sales growth is growing at healthy rate in last 3 years 29.16%
Net Profit is growing at healthy rate in last 3 years 50.58%
Debt to equity has declined versus last 3 years average to 0.52
Sales growth is good in last 4 quarters at 36.57%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.7 | 6.1 |
| TTM Sales (₹ Cr.) | 18,302 | 21,359 |
| BVPS (₹.) ⓘ | 42.1 | 42.3 |
| Reserves (₹ Cr.) ⓘ | 3,314 | 3,328 |
| P/BV ⓘ | 16.57 | 16.52 |
| PE ⓘ | 123.08 | 114.91 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 305.20 / 786.00 |
| All Time Low / High (₹) | 55.20 / 786.00 |
| Market Cap (₹ Cr.) | 71,999 |
| Equity (₹ Cr.) | 1,031.4 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 85.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 19.30 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,289 | 7,956 | 7,541 | 8,297 | 7,448 | 7,846 | 7,326 | 9,056 | 11,584 | 15,783 |
| Operating Expenses ⓘ | 7,049 | 7,742 | 7,047 | 7,764 | 7,106 | 7,192 | 6,686 | 8,346 | 10,627 | 14,649 |
| Manufacturing Costs | 39 | 28 | 121 | 86 | 71 | 78 | 59 | 74 | 98 | 115 |
| Material Costs | 6,365 | 6,997 | 6,152 | 6,928 | 6,221 | 6,455 | 6,084 | 7,669 | 9,774 | 13,491 |
| Employee Cost | 205 | 261 | 256 | 303 | 319 | 300 | 287 | 297 | 371 | 518 |
| Other Costs ⓘ | 440 | 457 | 518 | 448 | 495 | 359 | 255 | 306 | 384 | 525 |
| Operating Profit ⓘ | 240 | 213 | 494 | 533 | 342 | 654 | 640 | 710 | 957 | 1,133 |
| Operating Profit Margin (%) | 3.3% | 2.7% | 6.6% | 6.4% | 4.6% | 8.3% | 8.7% | 7.8% | 8.3% | 7.2% |
| Other Income ⓘ | 137 | 148 | 51 | 22 | 58 | 98 | 53 | 42 | 43 | 86 |
| Interest ⓘ | 259 | 295 | 329 | 253 | 245 | 331 | 331 | 282 | 258 | 269 |
| Depreciation ⓘ | 36 | 59 | 78 | 82 | 91 | 186 | 174 | 181 | 183 | 206 |
| Exceptional Items ⓘ | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33 | 0 |
| Profit Before Tax ⓘ | 87 | 7 | 139 | 220 | 64 | 235 | 187 | 290 | 525 | 744 |
| Tax ⓘ | 36 | -17 | 24 | 82 | 20 | 79 | 49 | 76 | 135 | 190 |
| Profit After Tax | 52 | 25 | 114 | 138 | 45 | 156 | 138 | 214 | 390 | 554 |
| PAT Margin (%) | 0.7% | 0.3% | 1.5% | 1.7% | 0.6% | 2.0% | 1.9% | 2.4% | 3.4% | 3.5% |
| Adjusted EPS (₹) | 0.7 | 0.4 | 1.4 | 1.6 | 0.5 | 1.9 | 1.3 | 2.1 | 3.8 | 5.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 13% | 22% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,484 | 1,516 | 1,481 | 2,080 | 2,125 | 2,157 | 3,025 | 3,264 | 3,667 | 4,156 |
| Share Capital ⓘ | 904 | 904 | 839 | 958 | 958 | 958 | 1,030 | 1,030 | 1,030 | 1,030 |
| Reserves ⓘ | 580 | 612 | 642 | 1,122 | 1,167 | 1,199 | 1,995 | 2,234 | 2,637 | 3,126 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2,148 | 2,138 | 2,430 | 1,539 | 2,582 | 2,508 | 2,389 | 2,367 | 2,415 | 2,151 |
| Long Term Debt | 71 | 169 | 262 | 165 | 80 | 38 | 16 | 0 | 0 | 0 |
| Short Term Debt | 2,076 | 1,969 | 2,168 | 1,375 | 2,503 | 2,471 | 2,373 | 2,367 | 2,415 | 2,151 |
| Trade Payables | 263 | 819 | 680 | 521 | 284 | 299 | 558 | 495 | 968 | 1,534 |
| Others Liabilities ⓘ | 759 | 858 | 918 | 2,503 | 1,052 | 1,735 | 2,048 | 1,888 | 2,524 | 3,670 |
| Total Liabilities ⓘ | 4,653 | 5,332 | 5,509 | 6,644 | 6,044 | 6,700 | 8,021 | 8,013 | 9,574 | 11,511 |
Fixed Assets | ||||||||||
| Gross Block | 607 | 815 | 946 | 1,157 | 1,266 | 1,895 | 1,910 | 1,872 | 1,879 | 2,402 |
| Accumulated Depreciation | 69 | 58 | 135 | 216 | 306 | 390 | 540 | 532 | 649 | 848 |
| Net Fixed Assetsⓘ | 538 | 757 | 810 | 941 | 960 | 1,506 | 1,370 | 1,340 | 1,230 | 1,554 |
| CWIP ⓘ | 202 | 14 | 0 | 16 | 22 | 24 | 53 | 2 | 20 | 49 |
| Investmentsⓘ | 22 | 252 | 252 | 260 | 267 | 273 | 755 | 768 | 768 | 773 |
| Inventories | 2,959 | 3,170 | 3,406 | 3,973 | 3,559 | 3,636 | 4,388 | 4,746 | 5,714 | 6,740 |
| Trade Receivables | 8 | 27 | 6 | 1 | 5 | 2 | 4 | 4 | 108 | 170 |
| Cash Equivalents | 332 | 486 | 526 | 689 | 468 | 465 | 900 | 462 | 619 | 652 |
| Others Assetsⓘ | 592 | 627 | 510 | 764 | 764 | 794 | 551 | 692 | 1,116 | 1,572 |
| Total Assets ⓘ | 4,653 | 5,332 | 5,509 | 6,644 | 6,044 | 6,700 | 8,021 | 8,013 | 9,574 | 11,511 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -81 | 691 | 50 | 991 | -26 | 156 | 516 | 123 | 715 | 986 |
| PBT ⓘ | 87 | 7 | 139 | 220 | 64 | 235 | 187 | 290 | 525 | 744 |
| Adjustment ⓘ | 145 | 247 | 336 | 246 | 229 | 415 | 482 | 401 | 409 | 395 |
| Changes in Working Capital ⓘ | -195 | 454 | -411 | 565 | -281 | -487 | -97 | -416 | -92 | 70 |
| Tax Paid ⓘ | -119 | -23 | -14 | -40 | -39 | -7 | -56 | -152 | -127 | -224 |
| Cash Flow From Investing Activity ⓘ | -613 | -467 | -115 | -320 | 143 | 4 | -310 | 144 | -362 | -116 |
| Capex | -431 | -161 | -114 | -221 | -118 | -76 | -47 | -75 | -160 | -237 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -182 | -307 | -1 | -99 | 261 | 80 | -263 | 219 | -202 | 120 |
| Cash Flow From Financing Activityⓘ | 637 | -209 | 70 | -619 | -142 | -126 | -23 | -488 | -376 | -833 |
| Net Proceeds from Shares ⓘ | 675 | 0 | 0 | 500 | 0 | 0 | 756 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 92 | -155 | -18 | 0 |
| Interest Paid ⓘ | -258 | -260 | 0 | -224 | -222 | -295 | -238 | -186 | -170 | -153 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -51 |
| Others ⓘ | 220 | 51 | 70 | -895 | 81 | 169 | -633 | -148 | -187 | -629 |
| Net Cash Flow ⓘ | -57 | 15 | 5 | 52 | -25 | 34 | 183 | -221 | -23 | 36 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.07 | 1.89 | 8.19 | 7.99 | 2.27 | 7.73 | 5.46 | 6.81 | 11.25 | 14.17 |
| ROCE (%) | 10.87 | 8.23 | 12.15 | 12.21 | 7.27 | 11.93 | 10.09 | 10.2 | 13.35 | 16.33 |
| Asset Turnover Ratio | 1.67 | 1.6 | 1.39 | 1.37 | 1.17 | 1.23 | 1 | 1.13 | 1.32 | 1.5 |
| PAT to CFO Conversion(x) | -1.56 | 27.64 | 0.44 | 7.18 | -0.58 | 1 | 3.74 | 0.57 | 1.83 | 1.78 | Working Capital Days |
| Receivable Days | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 3 |
| Inventory Days | 153 | 140 | 159 | 162 | 185 | 167 | 200 | 184 | 165 | 144 |
| Payable Days | 19 | 28 | 44 | 32 | 24 | 17 | 26 | 25 | 27 | 34 |
Kalyan Jewellers India is one of the largest jewellery companies in India. It started its jewellery business in 1993 with a single showroom in Thrissur, Kerala. It has since expanded to become a pan-India jewellery company. The company endeavour to cater to its customers’ unique preferences, which often vary significantly by geography and micro market, through its local market expertise and region-specific marketing strategy and advertising campaigns. The company’s grassroots ‘My Kalyan’ customer outreach and service centre network is another key element of its hyperlocal strategy which enables it to be a neighbourhood jeweller and is focused on marketing and customer engagement across urban, semi-urban and rural areas in India. The company is led by a management team with extensive experience in the jewellery and retail industries and with a proven track record of performance.
Business area of the company
The company design, manufacture and sell a wide range of gold, studded and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings, which is its highest-selling product category, to daily-wear jewellery.
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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