Kalyan Jewellers India Ltd.

•

kalyanjewellers.netBSE: 543278NSE: KALYANKJIL

Market Cap₹ 62,032 Cr.

Current Price

High / Low₹ 649 / 327

Stock P/E46.0

Book Value₹ 62

Price to Book6.35

Dividend Yield0.42 %

ROCE28.4 %

ROE23.6 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has delivered good profit growth of 56.2% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 21.1%
Promoters have been increasing their shareholding - up 2.3pp over 2 years
Company has delivered good sales growth of 33.5% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.40x)
Latest quarter profit grew 25.3% YoY, showing strong momentum

CONS

Receivables are growing faster than sales - a possible quality concern
Stock is trading at 6.3x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY TOTAL MKT

S.No.	Name
1.	TITAN	5005.00	77.14	444336.97	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	600.65	43.23	62032.19	0.42	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	338.50	18.76	18946.18	0.00	2082.17	—	60312.32	—	43.11	6.18
4.	THANGAMAYL	5135.45	40.82	15962.02	0.35	85.09	86.15	2666.38	71.44	26.62	5.43
5.	BLUESTONE	890.30	241.52	13601.89	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	PCJEWELLER	13.70	17.25	13360.42	0.00	221.88	37.02	877.04	20.99	9.68	27.54
7.	SKYGOLD	827.45	38.25	12815.04	0.00	104.90	140.67	2012.79	77.93	27.61	7.79
8.	AUGMONT	886.85	24.27	8103.46	0.00	—	—	—	—	70.86	—
9.	SENCO	346.45	9.95	5678.35	0.51	101.14	-3.35	3056.03	67.34	22.86	6.97
10.	GOLDIAM	324.65	23.18	4887.84	0.64	73.97	120.06	326.03	41.92	24.85	20.33
11.	VAIBHAVGBL	212.80	12.53	3570.14	2.82	563.83	1398.27	9170.73	1026.99	18.41	10.55
12.	TBZ	522.35	16.31	3485.67	0.48	33.92	50.76	840.97	34.78	23.29	8.60

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	3,641	3,754	4,512	3,867	4,681	5,221	6,386	5,350	6,142	6,843	9,048	8,994	9,026
	3,372	3,487	4,195	3,613	4,373	4,964	6,016	5,007	5,708	6,411	8,394	8,390	8,666
Operating Profit	269	267	316	255	309	257	370	344	434	432	654	604	360
OPM %	7.39%	7.12%	7.01%	6.59%	6.59%	4.92%	5.80%	6.42%	7.07%	6.31%	7.23%	6.72%	3.99%
	14	14	23	34	31	34	41	42	52	57	33	52	72
Interest	61	63	60	58	60	63	58	69	72	65	69	83	63
Depreciation	48	51	53	55	56	61	61	68	70	72	77	77	77
Profit before Tax	174	168	226	176	224	167	292	249	344	352	541	495	432
Tax %	25.80%	25.36%	25.52%	25.51%	26.26%	28.02%	25.33%	25.68%	25.50%	25.45%	25.92%	26.18%	25.64%
Net Profit	129	126	168	131	165	120	218	185	256	262	401	366	321
	1.25	1.22	1.63	1.28	1.60	1.17	2.11	1.80	2.48	2.54	3.88	3.54	3.11

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	7,541	8,297	7,448	7,846	7,326	9,056	11,584	15,758	21,639	31,027	33,910
	7,047	7,764	7,106	7,192	6,686	8,346	10,627	14,640	20,329	28,881	31,860
Operating Profit	494	533	342	654	640	710	957	1,118	1,310	2,146	2,050
OPM %	6.55%	6.42%	4.59%	8.34%	8.74%	7.84%	8.26%	7.10%	6.05%	6.92%	6.05%
	51	22	58	98	53	42	9	101	149	194	214
Interest	329	253	245	331	331	282	258	269	280	312	280
Depreciation	78	82	91	186	174	181	183	206	246	296	304
Profit before Tax	139	220	64	235	187	290	525	744	932	1,732	1,820
Tax %	17.58%	37.33%	30.27%	33.56%	26.27%	26.11%	25.76%	25.54%	26.13%	25.82%	25.83%
Net Profit	114	138	45	156	138	214	390	554	689	1,285	1,350
EPS	1.36	1.64	0.54	1.63	1.44	2.08	3.78	5.38	6.68	12.44	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.21%	22.31%	22.47%	20.09%	—

COMPOUNDED SALES GROWTH

10 Years:: 15%
5 Years:: 33%
3 Years:: 39%

COMPOUNDED PROFIT GROWTH

10 Years:: 49%
5 Years:: 56%
3 Years:: 49%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 56%
3 Years:: 38%
1 Year:: 19%

RETURN ON EQUITY

10 Years:: 10%
5 Years:: 14%
3 Years:: 18%
Last Year:: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	839	839	839	839	1,030	1,030	1,030	1,030	1,031	1,033
	642	1,122	1,167	1,199	1,995	2,234	2,637	3,126	3,737	5,081
	2,430	2,938	2,664	3,201	3,151	2,933	3,047	3,115	3,152	3,060
Trade Payables	680	521	284	299	558	495	968	1,534	1,869	3,020
	918	1,224	1,090	1,255	1,286	1,321	1,892	2,706	3,505	5,998
Total Liabilities	5,509	6,644	6,044	6,793	8,021	8,013	9,574	11,511	13,295	18,192
	810	941	960	1,506	1,370	1,340	1,230	1,554	1,853	2,082
Capital Work in Progress	0	16	17	24	53	1	19	48	6	14
	252	260	267	273	755	768	768	773	851	852
	3,406	3,973	3,559	3,636	4,388	4,746	5,714	6,740	7,568	10,687
	0	0	0	0	0	0	0	170	331	725
Cash & Bank	526	689	468	465	900	462	619	652	636	511
	516	765	774	890	556	697	1,224	1,572	2,049	3,321
Total Assets	5,509	6,644	6,044	6,793	8,021	8,013	9,574	11,511	13,295	18,192

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	64	1,031	13	163	572	275	842	986	973	1,587
Cash from Investing	-115	-320	143	4	-310	144	-362	-116	-293	-481
Cash from Financing	70	-619	-142	-126	-23	-488	-376	-833	-513	-1,170
	5	52	-25	34	183	-221	-23	36	167	-65

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	60.59	62.90	62.85	62.85	62.82	62.78	62.76	62.87	62.86
	21.20	15.74	16.37	16.89	16.83	14.12	14.11	14.55	10.82
	11.75	13.74	13.57	11.97	13.34	14.56	15.23	14.13	15.83
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	6.46	7.62	7.21	8.30	7.02	8.54	7.91	8.46	10.49

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - Kalyan Jewellers India Limited has informed the Exchange about Schedule of meet

2026-09-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - Kalyan Jewellers India Limited has informed the Exchange about Schedule of meet

2026-08-21

General Updates

2026-08-21 - Kalyan Jewellers India Limited has informed the Exchange about General Updates

2026-08-21

Copy of Newspaper Publication

2026-08-21 - Kalyan Jewellers India Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-20

Copy of Newspaper Publication

2026-08-20 - Kalyan Jewellers India Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-20

Shareholders meeting

2026-08-20 - Kalyan Jewellers India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 19, 2026

2026-08-17

Record Date

2026-08-17 - Kalyan Jewellers India Limited has informed the Exchange that Record date for the purpose of Dividend is 12-Sep-2026.

2026-08-17

Updates

2026-08-17 - Kalyan Jewellers India Limited has informed the Exchange regarding 'Intimation of 18th Annual General Meeting'.

2026-08-13

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Kalyan Jewellers India Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for KALYANKJIL

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Kalyan Jewellers India Ltd.

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Free 5nance Account

Name

TITAN

5005.00

77.14

444336.97

0.30

1777.00

62.88

21356.00

44.16

21.90

13.54

KALYANKJIL

600.65

43.23

62032.19

0.42

348.67

32.03

10588.93

45.68

24.86

5.97

LALITHAA

338.50

18.76

18946.18

0.00

2082.17

—

60312.32

—

43.11

6.18

THANGAMAYL

5135.45

40.82

15962.02

0.35

85.09

86.15

2666.38

71.44

26.62

5.43

BLUESTONE

890.30

241.52

13601.89

0.00

59.61

271.56

7368.46

1395.59

9.24

14.50

PCJEWELLER

13.70

17.25

13360.42

0.00

221.88

37.02

877.04

20.99

9.68

27.54

SKYGOLD

827.45

38.25

12815.04

0.00

104.90

140.67

2012.79

77.93

27.61

7.79

AUGMONT

886.85

24.27

8103.46

0.00

—

70.86

—

SENCO

346.45

9.95

5678.35

0.51

101.14

-3.35

3056.03

67.34

22.86

6.97

GOLDIAM

324.65

23.18

4887.84

0.64

73.97

120.06

326.03

41.92

24.85

20.33

VAIBHAVGBL

212.80

12.53

3570.14

2.82

563.83

1398.27

9170.73

1026.99

18.41

10.55

TBZ

522.35

16.31

3485.67

0.48

33.92

50.76

840.97

34.78

23.29

8.60

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

3,641

3,754

4,512

3,867

4,681

5,221

6,386

5,350

6,142

6,843

9,048

8,994

9,026

3,372

3,487

4,195

3,613

4,373

4,964

6,016

5,007

5,708

6,411

8,394

8,390

8,666

Operating Profit

269

267

316

255

309

257

370

344

434

432

654

604

360

OPM %

7.39%

7.12%

7.01%

6.59%

4.92%

5.80%

6.42%

7.07%

6.31%

7.23%

6.72%

3.99%

Interest

Depreciation

Profit before Tax

174

168

226

176

224

167

292

249

344

352

541

495

432

Tax %

25.80%

25.36%

25.52%

25.51%

26.26%

28.02%

25.33%

25.68%

25.50%

25.45%

25.92%

26.18%

25.64%

Net Profit

129

126

168

131

165

120

218

185

256

262

401

366

321

1.25

1.22

1.63

1.28

1.60

1.17

2.11

1.80

2.48

2.54

3.88

3.54

3.11

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

7,541

8,297

7,448

7,846

7,326

9,056

11,584

15,758

21,639

31,027

33,910

7,047

7,764

7,106

7,192

6,686

8,346

10,627

14,640

20,329

28,881

31,860

Operating Profit

494

533

342

654

640

710

957

1,118

1,310

2,146

2,050

OPM %

6.55%

6.42%

4.59%

8.34%

8.74%

7.84%

8.26%

7.10%

6.05%

6.92%

6.05%

101

149

194

214

Interest

329

253

245

331

282

258

269

280

312

280

Depreciation

186

174

181

183

206

246

296

304

Profit before Tax

139

220

235

187

290

525

744

932

1,732

1,820

Tax %

17.58%

37.33%

30.27%

33.56%

26.27%

26.11%

25.76%

25.54%

26.13%

25.82%

25.83%

Net Profit

114

138

156

138

214

390

554

689

1,285

1,350

EPS

1.36

1.64

0.54

1.63

1.44

2.08

3.78

5.38

6.68

12.44

—

Dividend Payout %

0.00%

13.21%

22.31%

22.47%

20.09%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

839

1,030

1,031

1,033

642

1,122

1,167

1,199

1,995

2,234

2,637

3,126

3,737

5,081

2,430

2,938

2,664

3,201

3,151

2,933

3,047

3,115

3,152

3,060

Trade Payables

680

521

284

299

558

495

968

1,534

1,869

3,020

918

1,224

1,090

1,255

1,286

1,321

1,892

2,706

3,505

5,998

Total Liabilities

5,509

6,644

6,044

6,793

8,021

8,013

9,574

11,511

13,295

18,192

810

941

960

1,506

1,370

1,340

1,230

1,554

1,853

2,082

Capital Work in Progress

252

260

267

273

755

768

773

851

852

3,406

3,973

3,559

3,636

4,388

4,746

5,714

6,740

7,568

10,687

170

331

725

Cash & Bank

526

689

468

465

900

462

619

652

636

511

516

765

774

890

556

697

1,224

1,572

2,049

3,321

Total Assets

5,509

6,644

6,044

6,793

8,021

8,013

9,574

11,511

13,295

18,192

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,031

163

572

275

842

986

973

1,587

Cash from Investing

-115

-320

143

-310

144

-362

-116

-293

-481

Cash from Financing

-619

-142

-126

-23

-488

-376

-833

-513

-1,170

-25

183

-221

-23

167

-65

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

60.59

62.90

62.85

62.82

62.78

62.76

62.87

62.86

21.20

15.74

16.37

16.89

16.83

14.12

14.11

14.55

10.82

11.75

13.74

13.57

11.97

13.34

14.56

15.23

14.13

15.83

Government

0.00

6.46

7.62

7.21

8.30

7.02

8.54

7.91

8.46

10.49

Kalyan Jewellers India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Kalyan Jewellers India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI