Kalyan Jewellers India Limited

NSEI:KALYANKJIL Stock Report

Market Cap: ₹734.0b

Kalyan Jewellers India Valuation

Is KALYANKJIL 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 KALYANKJIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KALYANKJIL (₹711.75) is trading above our estimate of fair value (₹91.17)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for KALYANKJIL. This is calculated by dividing KALYANKJIL's market cap by their current earnings.
What is KALYANKJIL's PE Ratio?
PE Ratio117.1x
Earnings₹6.27b
Market Cap₹733.98b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KALYANKJIL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average72.2x
PAGEIND Page Industries
79.8x16.1%₹495.8b
MANYAVAR Vedant Fashions
82.5x16.9%₹332.5b
KPRMILL K.P.R. Mill
39.5x15.8%₹318.6b
500114 Titan
86.9x25.7%₹2.9t
KALYANKJIL Kalyan Jewellers India
117.1x34.2%₹723.3b

Price-To-Earnings vs Peers: KALYANKJIL is expensive based on its Price-To-Earnings Ratio (117.1x) compared to the peer average (72.2x).

Price to Earnings Ratio vs Industry

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

13 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BOMDYEING Bombay Dyeing and Manufacturing
1.2xn/aUS$505.61m
503804 Shri Dinesh Mills
4.7xn/aUS$26.49m
INDIANCARD Indian Card Clothing
2.1xn/aUS$18.58m
521034 Soma Textiles & Industries
1.6xn/aUS$18.06m
KALYANKJIL 117.1xIndustry Avg. 28.0xNo. of Companies32PE020406080100+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KALYANKJIL is expensive based on its Price-To-Earnings Ratio (117.1x) compared to the Indian Luxury industry average (28x).

Price to Earnings Ratio vs Fair Ratio

What is KALYANKJIL'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.

KALYANKJIL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio117.1x
Fair PE Ratio70.6x

Price-To-Earnings vs Fair Ratio: KALYANKJIL is expensive based on its Price-To-Earnings Ratio (117.1x) compared to the estimated Fair Price-To-Earnings Ratio (70.4x).

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 KALYANKJIL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹711.75
₹747.38
+5.0%
8.1%₹810.00₹624.00n/a8
Nov ’25₹670.80
₹735.86
+9.7%
11.6%₹850.00₹600.00n/a7
Oct ’25₹750.15
₹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₹564.70
₹538.00
-4.7%
10.6%₹600.00₹450.00n/a7
Jul ’25₹497.50
₹483.29
-2.9%
5.5%₹525.00₹450.00n/a7
Jun ’25₹388.45
₹476.33
+22.6%
4.7%₹500.00₹450.00n/a6
May ’25₹414.10
₹462.83
+11.8%
9.1%₹502.00₹400.00n/a6
Apr ’25₹425.90
₹418.83
-1.7%
6.8%₹480.00₹398.00n/a6
Mar ’25₹399.45
₹414.00
+3.6%
7.5%₹480.00₹386.00n/a6
Feb ’25₹334.05
₹414.00
+23.9%
7.5%₹480.00₹386.00n/a6
Jan ’25₹362.30
₹375.83
+3.7%
8.4%₹440.00₹350.00n/a6
Dec ’24₹334.85
₹372.50
+11.2%
8.3%₹440.00₹350.00n/a6
Nov ’24₹297.35
₹255.67
-14.0%
15.3%₹300.00₹204.00₹670.806
Oct ’24₹227.55
₹218.17
-4.1%
3.6%₹230.00₹204.00₹750.156
Sep ’24₹245.50
₹218.17
-11.1%
3.6%₹230.00₹204.00₹615.206
Aug ’24₹172.55
₹188.17
+9.1%
8.5%₹210.00₹165.00₹564.706
Jul ’24₹147.05
₹160.83
+9.4%
6.6%₹175.00₹145.00₹497.506
Jun ’24₹108.70
₹160.83
+48.0%
6.6%₹175.00₹145.00₹388.456
May ’24₹102.70
₹156.83
+52.7%
6.2%₹175.00₹145.00₹414.106
Apr ’24₹105.35
₹156.50
+48.6%
6.3%₹175.00₹146.00₹425.906
Mar ’24₹115.40
₹156.50
+35.6%
6.3%₹175.00₹146.00₹399.456
Feb ’24₹112.40
₹146.17
+30.0%
2.8%₹150.00₹138.00₹334.056
Jan ’24₹126.55
₹142.67
+12.7%
6.2%₹150.00₹125.00₹362.306
Dec ’23₹106.05
₹137.83
+30.0%
6.3%₹150.00₹125.00₹334.856
Nov ’23₹102.00
₹125.00
+22.5%
7.2%₹140.00₹115.00₹297.356

Analyst Forecast: Target price is less than 20% higher than the current share price.

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