Kalyan Jewellers India Ltd - Stock Valuation and Financial Performance

BSE: 543278 | NSE: KALYANKJIL | Diamond & Jewellery | Mid Cap

Kalyan Jewell.India Share Price

505 3.60 0.72%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Kalyan Jewell.India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Kalyan Jewellers India stock performance -

mw4me loader
P/E Ratio (SA):
93.90
Market Cap:
52,025.4 Cr.
52-wk low:
162.8
52-wk high:
546.2

Is Kalyan Jewellers India Ltd an attractive stock to invest in?

1. Is Kalyan Jewellers India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kalyan Jewellers India Ltd is a average quality company.

2. Is Kalyan Jewellers India Ltd undervalued or overvalued?

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.

3. Is Kalyan Jewellers India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Kalyan Jewellers India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Kalyan Jewell.India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kalyan Jewellers India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.7%7.1%6.3%8.9%8.1%4.7%7.9%7.7%7.3%10%-
Value Creation
Index
0.2-0.4-0.4-0.2-0.3-0.6-0.3-0.3-0.5-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7,3437,2897,9567,5418,2977,4487,8467,3269,05611,58415,783
Sales YoY Gr.--0.7%9.2%-5.2%10%-10.2%5.3%-6.6%23.6%27.9%-
Adj EPS 2.50.70.41.31.60.31.71.62.13.95.4
YoY Gr.--73.6%-44.6%266.7%23.5%-80.4%425%-6.6%31.2%90.8%-
BVPS (₹) 10.818.218.717.723.423.924.329.431.735.640.4
Adj Net
Profit
17446.125.211113727.2141161212405554
Cash Flow from Ops. -30.9-81.369144.6991-26.3156516123715-
Debt/CF from Ops. -63.2-26.73.156.91.7-101.116.34.919.33.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.2%6.9%13.9%27.9%
Adj EPS 5.3%19.3%32.8%90.8%
BVPS14.2%8.8%13.6%12.4%
Share Price - - 87.6% 190.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
25.84.11.77.47.71.36.66.26.711.714.2
Op. Profit
Mgn %
7.33.32.76.66.44.78.59.27.88.37.1
Net Profit
Mgn %
2.40.60.31.51.70.41.82.22.33.53.5
Debt to
Equity
2.61.51.41.70.81.31.20.80.70.70
Working Cap
Days
15917816718418821920123120719186
Cash Conv.
Cycle
11913611512213616215317816314322

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.20%

Sales growth is growing at healthy rate in last 3 years 13.87%

Net Profit is growing at healthy rate in last 3 years 32.75%

Debt to equity has declined versus last 3 years average to 0.66

Sales growth is good in last 4 quarters at 36.10%

No data to display

Latest Financials - Kalyan Jewellers India Ltd.

Standalone Consolidated
TTM EPS (₹) 5.4 5.8
TTM Sales (₹ Cr.) 15,783 18,548
BVPS (₹.) 40.4 40.7
Reserves (₹ Cr.) 3,137 3,159
P/BV 12.48 12.42
PE 93.90 87.09
From the Market
52 Week Low / High (₹) 162.75 / 546.15
All Time Low / High (₹) 55.20 / 546.15
Market Cap (₹ Cr.) 52,025
Equity (₹ Cr.) 1,030.6
Face Value (₹) 10
Industry PE 76.7

Management X-Ray of Kalyan Jewell.India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Kalyan Jewell.India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7,3437,2897,9567,5418,2977,4487,8467,3269,05611,584
Operating Expenses 6,8097,0497,7427,0477,7647,1067,1926,6868,34610,627
Manufacturing Costs433928121867178597498
Material Costs6,2626,3656,9976,1526,9286,2216,4556,0847,6699,774
Employee Cost 143205261256303319300287297371
Other Costs 360440457518448495359255306384
Operating Profit 534240213494533342654640710957
Operating Profit Margin (%) 7.3%3.3%2.7%6.6%6.4%4.6%8.3%8.7%7.8%8.3%
Other Income 1113714851225898534243
Interest 219259295329253245331331282258
Depreciation 343659788291186174181183
Exceptional Items 050000000-33
Profit Before Tax 29387713922064235187290525
Tax 12136-17248220794976135
Profit After Tax 172522511413845156138214390
PAT Margin (%) 2.3%0.7%0.3%1.5%1.7%0.6%2.0%1.9%2.4%3.4%
Adjusted EPS (₹)2.40.70.41.41.60.51.91.32.13.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%13%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7591,4841,5161,4812,0802,1252,1573,0253,2643,667
Share Capital 709049048399589589581,0301,0301,030
Reserves 6895806126421,1221,1671,1991,9952,2342,637
Minority Interest0000000000
Debt1,9532,1482,1382,4301,5392,5822,5082,3892,3672,415
Long Term Debt07116926216580381600
Short Term Debt1,9532,0761,9692,1681,3752,5032,4712,3732,3672,415
Trade Payables410263819680521284299558495968
Others Liabilities 9687598589182,5031,0521,7352,0481,8882,524
Total Liabilities 4,0904,6535,3325,5096,6446,0446,7008,0218,0139,574

Fixed Assets

Gross Block3876078159461,1571,2661,8951,9101,8721,879
Accumulated Depreciation696958135216306390540532647
Net Fixed Assets3185387578109419601,5061,3701,3401,232
CWIP 520214016222453220
Investments 1222252252260267273755768768
Inventories3,1562,9593,1703,4063,9733,5593,6364,3884,7465,714
Trade Receivables33827615244108
Cash Equivalents 195332486526689468465900462619
Others Assets3715926275107647647945516921,114
Total Assets 4,0904,6535,3325,5096,6446,0446,7008,0218,0139,574

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -31-8169150991-26156516123715
PBT 29387713922064235187290525
Adjustment 248145247336246229415482401409
Changes in Working Capital -460-195454-411565-281-487-97-416-92
Tax Paid -111-119-23-14-40-39-7-56-152-127
Cash Flow From Investing Activity -213-613-467-115-3201434-310144-362
Capex -148-431-161-114-221-118-76-47-75-160
Net Investments 0000000000
Others -65-182-307-1-9926180-263219-202
Cash Flow From Financing Activity 263637-20970-619-142-126-23-488-376
Net Proceeds from Shares 0675005000075600
Net Proceeds from Borrowing 000000092-155-18
Interest Paid -211-258-2600-224-222-295-238-186-170
Dividend Paid 0000000000
Others 4742205170-89581169-633-148-187
Net Cash Flow 19-5715552-2534183-221-23
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)25.545.071.898.197.992.277.735.466.8111.25
ROCE (%)21.3910.878.2312.1512.217.2711.9310.0910.213.35
Asset Turnover Ratio2.031.671.61.391.371.171.2311.131.32
PAT to CFO Conversion(x)-0.18-1.5627.640.447.18-0.5813.740.571.83
Working Capital Days
Receivable Days1111000002
Inventory Days145153140159162185167200184165
Payable Days28192844322417262527

Kalyan Jewellers India Ltd Stock News

Kalyan Jewellers India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kalyan Jewell.India on 12-Jul-2024 16:01 is ₹505.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of Kalyan Jewell.India stood at ₹52,025.4.
The latest P/E ratio of Kalyan Jewell.India as of 12-Jul-2024 16:01 is 93.90.
The latest P/B ratio of Kalyan Jewell.India as of 12-Jul-2024 16:01 is 12.48.
The 52-week high of Kalyan Jewell.India is ₹546.1 and the 52-week low is ₹162.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kalyan Jewell.India is ₹15,783 ( Cr.) .

About Kalyan Jewellers India Ltd

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

  • 1993: Opened its first showroom under the brand ‘Kalyan Jewellers’ in Thrissur, Kerala.
  • 2004: Opened its first showroom outside Kerala, in Coimbatore, Tamil Nadu.
  • 2010: Launched ‘My Kalyan’ customer outreach initiative.
  • 2010: Entered Telangana and Karnataka markets.
  • 2012: Opened its first showroom outside South India in Ahmedabad, Gujarat.
  • 2013: Entered West India (Maharashtra) and Middle East markets.
  • 2014: Highdell, belonging to the Warburg Pincus group, a global private equity firm, first invested in  the company.
  • 2014: Entered North India (Delhi) market.
  • 2015: Entered Chennai, Tamil Nadu and East India (Orissa) markets. 2016: Entered West Bengal and Rajasthan markets.
  • 2016: Launched the Kalyan Matrimony (formerly known as Sanskriti Matrimony) website.
  • 2017: Highdell, belonging to the Warburg Pincus group, a global private equity firm, made an  incremental investment in the company.
  • 2017: Purchased a stake in Enovate Lifestyles Private Limited and its online platform at www.candere.com.
  • 2018: Entered North Eastern (Assam), Chhattisgarh and Jharkhand markets.
  • 2019: Entered Bihar market.
  • 2020: As of December 31, 2020, 107 showrooms in India and 30 showrooms in the Middle East.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.