Kalyan Jewellers India (BSE:543278) - Share price, News & Analysis

543278 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	3/6
Past Performance	3/6
Financial Health	2/6
Dividends	0/6

543278 Stock Overview

Kalyan Jewellers India Limited designs, manufactures, and sells various gold, studded, and other jewelry products.

Rewards

Earnings are forecast to grow 33.71% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Kalyan Jewellers India Competitors

Titan

BSE:500114

₹1.9t

Patdiam Jewellery

BSE:539401

₹323.8m

Thangamayil Jewellery

NSEI:THANGAMAYL

₹14.9b

PC Jeweller

NSEI:PCJEWELLER

₹9.7b

Price History & Performance

Summary of all time highs, changes and price drops for Kalyan Jewellers India
Historical stock prices
Current Share Price	₹61.00
52 Week High	₹89.70
52 Week Low	₹55.20
Beta	0
1 Month Change	-3.63%
3 Month Change	-2.01%
1 Year Change	1.41%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-18.99%

Shareholder Returns

	543278	IN Luxury	IN Market
7D	-0.8%	2.6%	1.7%
1Y	1.4%	41.1%	10.5%

Return vs Industry: 543278 underperformed the Indian Luxury industry which returned 41.1% over the past year.

Return vs Market: 543278 underperformed the Indian Market which returned 10.5% over the past year.

Price Volatility

Is 543278's price volatile compared to industry and market?
543278 volatility
543278 Average Weekly Movement	5.3%
Luxury Industry Average Movement	7.9%
Market Average Movement	7.3%
10% most volatile stocks in IN Market	10.0%
10% least volatile stocks in IN Market	4.8%

Stable Share Price: 543278 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 543278's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	7,160	Sanjay Raghuraman	https://www.kalyanjewellers.net

Kalyan Jewellers India Limited designs, manufactures, and sells various gold, studded, and other jewelry products. The company offers gold, diamond, pearl, white gold, gemstone, and platinum jewelries for occasions, such as weddings, as well as for daily-wear purpose. It also provides chains, rings, necklaces, earrings, bracelets, and bangles.

Kalyan Jewellers India Fundamentals Summary

How do Kalyan Jewellers India's earnings and revenue compare to its market cap?
543278 fundamental statistics
Market Cap	₹62.83b
Earnings (TTM)	₹2.24b
Revenue (TTM)	₹108.18b

28.0x

P/E Ratio

0.6x

P/S Ratio

Is 543278 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
543278 income statement (TTM)
Revenue	₹108.18b
Cost of Revenue	₹91.26b
Gross Profit	₹16.92b
Other Expenses	₹14.67b
Earnings	₹2.24b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.18
Gross Margin	15.64%
Net Profit Margin	2.07%
Debt/Equity Ratio	107.2%

How did 543278 perform over the long term?

See historical performance and comparison

Valuation

Is Kalyan Jewellers India undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

28.02x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 543278 (₹61) is trading above our estimate of fair value (₹31.6)

Significantly Below Fair Value: 543278 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: 543278 is poor value based on its PE Ratio (28x) compared to the Indian Luxury industry average (12.8x).

PE vs Market: 543278 is poor value based on its PE Ratio (28x) compared to the Indian market (20.7x).

Price to Earnings Growth Ratio

PEG Ratio: 543278 is good value based on its PEG Ratio (0.8x)

Price to Book Ratio

PB vs Industry: 543278 is overvalued based on its PB Ratio (2x) compared to the IN Luxury industry average (1.3x).

Future Growth

How is Kalyan Jewellers India forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

33.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 543278's forecast earnings growth (33.7% per year) is above the savings rate (6.7%).

Earnings vs Market: 543278's earnings (33.7% per year) are forecast to grow faster than the Indian market (17.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 543278's revenue (11.1% per year) is forecast to grow slower than the Indian market (11.8% per year).

High Growth Revenue: 543278's revenue (11.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 543278's Return on Equity is forecast to be low in 3 years time (12.2%).

Past Performance

How has Kalyan Jewellers India performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

20.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 543278 has high quality earnings.

Growing Profit Margin: 543278 became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: 543278's earnings have grown significantly by 20.6% per year over the past 5 years.

Accelerating Growth: 543278 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 543278 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (103%).

Return on Equity

High ROE: 543278's Return on Equity (7.1%) is considered low.

Financial Health

How is Kalyan Jewellers India's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 543278's short term assets (₹68.4B) exceed its short term liabilities (₹51.8B).

Long Term Liabilities: 543278's short term assets (₹68.4B) exceed its long term liabilities (₹6.3B).

Debt to Equity History and Analysis

Debt Level: 543278's net debt to equity ratio (82.4%) is considered high.

Reducing Debt: Insufficient data to determine if 543278's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 543278's debt is not well covered by operating cash flow (7.3%).

Interest Coverage: 543278's interest payments on its debt are not well covered by EBIT (1.8x coverage).

Balance Sheet

Dividend

What is Kalyan Jewellers India current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 543278's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 543278's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 543278's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 543278's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 543278 has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average board tenure

CEO

Sanjay Raghuraman

1.83yrs

Tenure

Mr. Sanjay Raghuraman serves as Chief Executive Officer at Kalyan Jewellers India Limited since July 1, 2020. Mr. Raghuraman served as Chief Operating Officer at Kalyan Jewellers India Limited.

Board Members

Experienced Board: 543278's board of directors are considered experienced (5.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/19 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31