Kalyan Jewellers India Limited

BSE:543278 Stock Report

Market Cap: ₹812.7b

Kalyan Jewellers India Valuation

Is 543278 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 543278 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 543278 (₹778.55) is trading above our estimate of fair value (₹91.56)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 543278?

Key metric: As 543278 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 543278. This is calculated by dividing 543278's market cap by their current earnings.
What is 543278's PE Ratio?
PE Ratio128x
Earnings₹6.27b
Market Cap₹812.67b

Price to Earnings Ratio vs Peers

How does 543278's PE Ratio compare to its peers?

The above table shows the PE ratio for 543278 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average74.9x
PAGEIND Page Industries
86.1x16.1%₹537.0b
KPRMILL K.P.R. Mill
43.2x15.3%₹347.0b
MANYAVAR Vedant Fashions
75.8x17.3%₹306.9b
500114 Titan
94.3x25.7%₹3.0t
543278 Kalyan Jewellers India
128x34.2%₹812.7b

Price-To-Earnings vs Peers: 543278 is expensive based on its Price-To-Earnings Ratio (128x) compared to the peer average (74.9x).

Price to Earnings Ratio vs Industry

How does 543278's PE Ratio compare vs other companies in the IN Luxury Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BOMDYEING Bombay Dyeing and Manufacturing
1.1xn/aUS$471.86m
503804 Shri Dinesh Mills
4.8xn/aUS$25.85m
INDIANCARD Indian Card Clothing
2.5xn/aUS$21.85m
521034 Soma Textiles & Industries
1.7xn/aUS$17.70m
543278 128.0xIndustry Avg. 29.9xNo. of Companies30PE020406080100+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 543278 is expensive based on its Price-To-Earnings Ratio (128x) compared to the Indian Luxury industry average (29.9x).

Price to Earnings Ratio vs Fair Ratio

What is 543278's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

543278 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio128x
Fair PE Ratio71.3x

Price-To-Earnings vs Fair Ratio: 543278 is expensive based on its Price-To-Earnings Ratio (128x) compared to the estimated Fair Price-To-Earnings Ratio (71.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 543278 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹778.55
₹747.38
-4.0%
8.1%₹810.00₹624.00n/a8
Dec ’25₹724.25
₹747.38
+3.2%
8.1%₹810.00₹624.00n/a8
Nov ’25₹670.65
₹735.86
+9.7%
11.6%₹850.00₹600.00n/a7
Oct ’25₹750.05
₹701.57
-6.5%
10.6%₹810.00₹600.00n/a7
Sep ’25₹615.20
₹625.14
+1.6%
3.8%₹652.00₹600.00n/a7
Aug ’25₹565.05
₹538.00
-4.8%
10.6%₹600.00₹450.00n/a7
Jul ’25₹497.80
₹483.29
-2.9%
5.5%₹525.00₹450.00n/a7
Jun ’25₹390.00
₹476.33
+22.1%
4.7%₹500.00₹450.00n/a6
May ’25₹414.00
₹462.83
+11.8%
9.1%₹502.00₹400.00n/a6
Apr ’25₹425.70
₹418.83
-1.6%
6.8%₹480.00₹398.00n/a6
Mar ’25₹399.30
₹414.00
+3.7%
7.5%₹480.00₹386.00n/a6
Feb ’25₹333.55
₹414.00
+24.1%
7.5%₹480.00₹386.00n/a6
Jan ’25₹361.65
₹375.83
+3.9%
8.4%₹440.00₹350.00₹774.406
Dec ’24₹334.75
₹372.50
+11.3%
8.3%₹440.00₹350.00₹724.256
Nov ’24₹296.85
₹255.67
-13.9%
15.3%₹300.00₹204.00₹670.656
Oct ’24₹227.60
₹218.17
-4.1%
3.6%₹230.00₹204.00₹750.056
Sep ’24₹245.75
₹218.17
-11.2%
3.6%₹230.00₹204.00₹615.206
Aug ’24₹172.65
₹188.17
+9.0%
8.5%₹210.00₹165.00₹565.056
Jul ’24₹147.00
₹160.83
+9.4%
6.6%₹175.00₹145.00₹497.806
Jun ’24₹108.60
₹160.83
+48.1%
6.6%₹175.00₹145.00₹390.006
May ’24₹102.65
₹156.83
+52.8%
6.2%₹175.00₹145.00₹414.006
Apr ’24₹105.35
₹156.50
+48.6%
6.3%₹175.00₹146.00₹425.706
Mar ’24₹115.40
₹156.50
+35.6%
6.3%₹175.00₹146.00₹399.306
Feb ’24₹112.40
₹146.17
+30.0%
2.8%₹150.00₹138.00₹333.556
Jan ’24₹126.45
₹142.67
+12.8%
6.2%₹150.00₹125.00₹361.656

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 13:17
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Kalyan Jewellers India Limited is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAsian Markets Securities Private Limited
Anand ShahAxis Capital Limited
Shirish PardeshiCentrum Broking Limited