Consumer Durables
Valuation | |
|---|---|
| Market Cap | 61.29 kCr |
| Price/Earnings (Trailing) | 85.59 |
| Price/Sales (Trailing) | 2.43 |
| EV/EBITDA | 37.23 |
| Price/Free Cashflow | 78.39 |
| MarketCap/EBT | 63.88 |
| Enterprise Value | 61.87 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 25.19 kCr |
| Rev. Growth (Yr) | 36.3% |
| Earnings (TTM) | 714.17 Cr |
| Earnings Growth (Yr) | 36.4% |
Profitability | |
|---|---|
| Operating Margin | 4% |
| EBT Margin | 4% |
| Return on Equity | 14.87% |
| Return on Assets | 4.72% |
| Free Cashflow Yield | 1.28% |
Growth & Returns | |
|---|---|
| Price Change 1W | 0.60% |
| Price Change 1M | 9.9% |
| Price Change 6M | 29.5% |
| Price Change 1Y | 3.5% |
| 3Y Cumulative Return | 109.7% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -176.55 Cr |
| Cash Flow from Operations (TTM) | 1.21 kCr |
| Cash Flow from Financing (TTM) | -840.24 Cr |
| Cash & Equivalents | 370.33 Cr |
| Free Cash Flow (TTM) | 781.93 Cr |
| Free Cash Flow/Share (TTM) | 7.58 |
Balance Sheet | |
|---|---|
| Total Assets | 15.13 kCr |
| Total Liabilities | 10.32 kCr |
| Shareholder Equity | 4.8 kCr |
| Current Assets | 11.4 kCr |
| Current Liabilities | 8.81 kCr |
| Net PPE | 1.31 kCr |
| Inventory | 9.68 kCr |
| Goodwill | 5.06 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.06 |
| Debt/Equity | 0.2 |
| Interest Coverage | 1.67 |
| Interest/Cashflow Ops | 4.36 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.2 |
| Dividend Yield | 0.20% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.20% |
Risk & Volatility | |
|---|---|
| Max Drawdown | -6.9% |
| Drawdown Prob. (30d, 5Y) | 8.02% |
| Risk Level (5Y) | 30% |
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Insider Trading: There's significant insider buying recently.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Growth: Awesome revenue growth! Revenue grew 35.3% over last year and 132% in last three years on TTM basis.
Size: It is among the top 200 market size companies of india.
Past Returns: Outperforming stock! In past three years, the stock has provided 109.7% return compared to 14.6% by NIFTY 50.
Balance Sheet: Reasonably good balance sheet.
No major cons observed.
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Insider Trading: There's significant insider buying recently.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Growth: Awesome revenue growth! Revenue grew 35.3% over last year and 132% in last three years on TTM basis.
Size: It is among the top 200 market size companies of india.
Past Returns: Outperforming stock! In past three years, the stock has provided 109.7% return compared to 14.6% by NIFTY 50.
Balance Sheet: Reasonably good balance sheet.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.20% |
| Dividend/Share (TTM) | 1.2 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 6.94 |
Financial Health | |
|---|---|
| Current Ratio | 1.29 |
| Debt/Equity | 0.2 |
Technical Indicators | |
|---|---|
| RSI (14d) | 54.95 |
| RSI (5d) | 54.6 |
| RSI (21d) | 62.93 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Updated May 5, 2025
Today, Kalyan Jewellers' stock has returned -0.27%, indicating a slight decline.
The stock has fluctuated between a low of ₹511.6 and a high of ₹522.65 today.
Technical analysis indicates a pivot at ₹516.12 with nearby resistance and support levels.
Summary of Kalyan Jewellers India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
The management of Kalyan Jewellers India Limited provided a positive outlook during the Q4 FY2025 earnings call, highlighting significant achievements and future plans. For the quarter, consolidated revenue grew approximately 36%, while profit after tax (PAT) rose by around 41%. Standalone revenue growth was reported at 38% with a PAT of INR 714 crores for the full financial year, surpassing INR 25,000 crores in revenue.
Management outlined their operational targets, including the opening of 170 new showrooms"”90 under the Kalyan brand and 80 under the Candere brand"”in FY2026. They expect to reduce debt by INR 300 to 400 crores after a net reduction of INR 520 crores over the previous two years. A dividend of INR 150 crores was also proposed, with a payout exceeding 20% of FY2025's net profit.
Focusing on the Candere platform, management aims to enhance its omnichannel strategy. They have set a target for Candere to reach profitability at the PAT level within FY2026. 73 Candere showrooms are currently operational, with plans for 80 more through a mix of franchisee and company-owned formats.
In response to market dynamics, management noted robust consumer demand, particularly around wedding purchases, and a high conversion rate to studded jewelry driven by gold price fluctuations. They anticipate continued momentum in consumer demand amid ongoing volatility in gold prices.
Overall, management's strategies and proactive measures are geared toward strong revenue growth and market expansion, setting an optimistic tone for the upcoming financial year.
Understand Kalyan Jewellers India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Kalyanaraman T S | 22.28% |
| Seetharam T K | 18.03% |
| T K Ramesh | 18.03% |
| Motilal Oswal Midcap Fund | 7.51% |
| KJG Consulting Private Limited | 2.35% |
| Government Of Singapore | 2.15% |
| Franklin India Smaller Companies Fund | 1.34% |
Detailed comparison of Kalyan Jewellers India against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| TITAN | Titan Co. | 3.07 LCr | 60.94 kCr | -5.20% | +1.70% | 92.05 | 5.04 | - | - |
| PCJEWELLER | PC JEWELLER | 9.57 kCr | 2.37 kCr |
Comprehensive comparison against sector averages
KALYANKJIL metrics compared to Consumer
| Category | KALYANKJIL | Consumer |
|---|---|---|
| PE | 85.59 | 76.51 |
| PS | 2.43 | 0.96 |
| Growth | 35.3 % | 21.7 % |
Kalyan Jewellers India is a prominent company in the Gems, Jewellery, and Watches sector, primarily engaged in the manufacture and retail of a diverse array of jewelry products.
With a stock ticker of KALYANKJIL, the company boasts a significant market capitalization of Rs. 53,449.2 Crores. Kalyan Jewellers India Limited's product offerings include gold, diamond, silver, platinum, and gemstone jewelry. Their extensive collection features various styles such as wedding, regional, aspirational, and studded jewelry.
The company provides a wide range of items, including:
Kalyan Jewellers markets its products under several brand names, including MUDHRA, NIMAH, ANOKHI, RANG, TEJASVI, ZIAH, LAYA, GLO, CANDERE, VEDHA, APOORVA, HERA, and MUHURAT.
The company operates showrooms throughout India and the Middle East, and it also runs My Kalyan Grassroots stores. Additionally, Kalyan Jewellers offers online shopping through its platform, candere.com. Founded in 1908 and headquartered in Thrissur, India, the company has demonstrated strong financial performance, with a trailing 12-month revenue of Rs. 23,531 Crores.
Kalyan Jewellers is committed to providing returns to its investors, distributing dividends with a yield of 0.25% per year. Over the last 12 months, it issued a Rs. 1.2 dividend per share. However, the company has diluted shareholder holdings by 0.1% in the past three years. Notably, it has experienced substantial revenue growth of 112.8% in the same period.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
KALYANKJIL vs Consumer (2022 - 2025)
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Kalyan Jewellers has appreciated by 24.18% over the past year, reflecting strong long-term performance.
Credit Rating • 17 Jul 2025 Credit Rating |
Analyst / Investor Meet • 14 Jul 2025 Q1 - Earnings Call |
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 • 07 Jul 2025 Certificate under SEBI (Depositories and Participants) Regulations, 2018 |
Press Release / Media Release • 07 Jul 2025 Q1 Update |
Credit Rating • 25 Jun 2025 Credit Rating |
Analyst / Investor Meet • 13 Jun 2025 Announcement under Regulation 30 (LODR) - Investor Meet |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
1. Question: "Given the material gold inflation which you have seen, what's the consumer telling you in terms of consumer behavior?"
Answer: "With the recent 40% increase in gold prices, consumers tend to pause and reassess before purchasing. While demand remains strong, especially during events like Akshaya Tritiya, we've noted shifts in inventory preferences towards various gold carat compositions like 18-carat. We continuously adapt our inventory based on these evolving consumer preferences."
2. Question: "So, have we changed our way of hedging recently, and what's the outlook?"
Answer: "Gold loan interest rates increased by 2%-2.5% but have begun to stabilize, currently at around 5%-5.5%. We're waiting for this to normalize; our gold loans are expected to increase while non-GML will reduce, which aligns with our strategy to streamline our financials."
3. Question: "What are your expectations for growth in FY26, and how many stores do you plan to open?"
Answer: "In FY26, we project significant growth fueled by the opening of 170 new showrooms, including 90 under Kalyan and approximately 80 under Candere. We anticipate that revenue growth will remain robust, bolstered by our strong SSGs and previously opened stores contributing to overall performance."
4. Question: "Can you share an update on the marginals from studded products?"
Answer: "We incentivize staff and run promotions to improve our studded ratios, which increase our margins. Our non-south revenues greatly contribute to this, as they generally have better studded mix ratios. Continued focus on these initiatives is key for driving studded product sales."
5. Question: "Is the interest rate on the gold metal loan significantly higher now?"
Answer: "Yes, gold metal loan interest rates have risen to around 5%-5.5%, up from 3%-3.5%. This increase is notable and reflects broader market shifts as we adapt our financial strategy accordingly."
6. Question: "Regarding Candere, what unit economics can you expect from mature stores?"
Answer: "For mature Candere stores, we target margins in the range of 30%-35% with a stock churn rate around 2%. Our expansion strategy focuses on metro and Tier 1 and Tier 2 locations to support this growth trajectory."
| Karthik Ramani | 1.2% |
| Radhika Thrikur Kalyanaraman | 0.71% |
| Thrikkur Seetharama Iyer Anantharaman | 0.02% |
| T B Seetharamji | 0.02% |
| Geethalakshmi T S | 0.02% |
| Trikkoor Seetharama Iyer Balaraman | 0.02% |
| Dhanya Manoj | 0.02% |
| Hariharan Divya | 0.02% |
| T A Sreeram | 0.02% |
| Pooja Krishnan | 0.02% |
| T A Sethuraman | 0.02% |
| Sreevidya Arun | 0.01% |
| R Sidharth | 0.01% |
Distribution across major stakeholders
Distribution across major institutional holders
| +17.50% |
| -82.20% |
| 12.45 |
| 4.03 |
| - |
| - |
| TMB | Tamilnad Mercantile Bank | 7.21 kCr | 6.24 kCr | +3.00% | -0.40% | 6.1 | 1.15 | - | - |
| RAJESHEXPO | Rajesh Exports | 6.01 kCr | 3.16 LCr | -0.80% | -38.30% | 48.96 | 0.02 | - | - |
| THANGAMAYL | Thangamayil Jewellery | 5.7 kCr | 4.92 kCr | -2.80% | +3.10% | 43.67 | 1.16 | - | - |
| SENCO | Senco Gold | 5.57 kCr | 6.44 kCr | -2.00% | -27.40% | 37.87 | 0.86 | - | - |
| TBZ | Tribhovandas Bhimji Zaveri | 1.26 kCr | 2.62 kCr | +1.70% | +26.10% | 18.47 | 0.48 | - | - |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
| -15% |
| 5,972 |
| 7,025 |
| 5,914 |
| 5,320 |
| 4,380 |
| 5,005 |
| Profit Before exceptional items and Tax | -14.7% | 251 | 294 | 178 | 237 | 184 | 239 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -14.7% | 251 | 294 | 178 | 237 | 184 | 239 |
| Current tax | -16.5% | 72 | 86 | 52 | 90 | 45 | 60 |
| Deferred tax | 20% | -8.95 | -11.43 | -4.71 | -29.57 | 0.85 | -1.64 |
| Total tax | -16.2% | 63 | 75 | 48 | 60 | 46 | 58 |
| Total profit (loss) for period | -14.2% | 188 | 219 | 130 | 178 | 137 | 180 |
| Other comp. income net of taxes | 13693.1% | 41 | 1.29 | 5.86 | -1.86 | -4.05 | 15 |
| Total Comprehensive Income | 4.1% | 229 | 220 | 136 | 176 | 133 | 195 |
| Earnings Per Share, Basic | -26.8% | 1.82 | 2.12 | 1.27 | 1.73 | 1.34 | 1.753 |
| Earnings Per Share, Diluted | -26.8% | 1.82 | 2.12 | 1.27 | 1.72 | 1.34 | 1.753 |
| 316 |
| Depreciation and Amortization | 19.5% | 246 | 206 | 183 | 181 | 174 |
| Other expenses | 27.7% | 839 | 657 | 506 | 398 | 330 |
| Total Expenses | 38% | 20,855 | 15,115 | 11,068 | 8,809 | 7,191 |
| Profit Before exceptional items and Tax | 25.3% | 932 | 744 | 558 | 290 | 187 |
| Exceptional items before tax | - | 0 | 0 | -33.25 | 0 | 0 |
| Total profit before tax | 25.3% | 932 | 744 | 525 | 290 | 187 |
| Current tax | 49.7% | 290 | 194 | 153 | 81 | 76 |
| Deferred tax | -945.8% | -46.48 | -3.54 | -17.41 | -5.61 | -26.65 |
| Total tax | 28.6% | 244 | 190 | 135 | 76 | 49 |
| Total profit (loss) for period | 24.4% | 689 | 554 | 390 | 214 | 138 |
| Other comp. income net of taxes | 261.5% | 24 | -13.24 | 13 | 23 | -21.69 |
| Total Comprehensive Income | 31.9% | 713 | 541 | 403 | 237 | 117 |
| Earnings Per Share, Basic | 29.7% | 6.68 | 5.38 | 3.784 | 2.08 | 1.63 |
| Earnings Per Share, Diluted | 29.7% | 6.68 | 5.38 | 3.784 | 2.08 | 1.44 |
| 0% |
| 61 |
| 61 |
| 61 |
| 61 |
| 61 |
| 61 |
| Non-current investments | 1% | 851 | 843 | 773 | 768 | 768 | 770 |
| Loans, non-current | 124.7% | 338 | 151 | 131 | 148 | 167 | 153 |
| Total non-current financial assets | 22.5% | 1,793 | 1,464 | 1,883 | 1,187 | 1,086 | 992 |
| Total non-current assets | 15.6% | 3,920 | 3,392 | 3,069 | 2,782 | 2,503 | 2,526 |
| Total assets | 9.7% | 12,709 | 11,583 | 10,928 | 9,865 | 9,198 | 8,384 |
| Total non-current financial liabilities | 18.7% | 1,243 | 1,047 | 937 | 789 | 632 | 572 |
| Provisions, non-current | -2.6% | 38 | 39 | 34 | 29 | 29 | 28 |
| Total non-current liabilities | 19% | 1,292 | 1,086 | 971 | 818 | 660 | 600 |
| Borrowings, current | 18.1% | 881 | 746 | 889 | 1,167 | 1,324 | 1,159 |
| Total current financial liabilities | 12.2% | 3,960 | 3,531 | 3,852 | 3,559 | 3,489 | 3,168 |
| Provisions, current | 78.9% | 35 | 20 | 18 | 12 | 12 | 16 |
| Current tax liabilities | - | 46 | 0 | 0 | 17 | 21 | 15 |
| Total current liabilities | 7.9% | 6,640 | 6,152 | 5,790 | 5,196 | 4,871 | 4,353 |
| Total liabilities | 9.6% | 7,932 | 7,238 | 6,761 | 6,013 | 5,531 | 4,953 |
| Equity share capital | 0% | 1,031 | 1,031 | 1,030 | 1,030 | 1,030 | 1,030 |
| Total equity | 9.9% | 4,777 | 4,346 | 4,167 | 3,852 | 3,667 | 3,431 |
| Total equity and liabilities | 9.7% | 12,709 | 11,583 | 10,928 | 9,865 | 9,198 | 8,384 |
| Interest received |
| -27.9% |
| Other inflows (outflows) of cash | 553.5% |
| Net Cashflows From Investing Activities | -150.6% |
| Proceeds from issuing shares | - |
| Repayments of borrowings | -96.3% |
| Payments of lease liabilities | 33.7% |
| Dividends paid | 146% |
| Interest paid | -15.8% |
| Net Cashflows from Financing Activities | 38.3% |
| Net change in cash and cash eq. | 374.3% |
| Cash equivalents beginning of period | - |
Analyst / Investor Meet • 01 Jun 2025 analyst meeting |