Skip to content

    Kalyan Jewellers India Limited

    One of India's largest jewellery companies, retailing gold and diamond jewellery via Kalyan and Candere.

    Consumer Durables
    Consumer Discretionary
    View KALYANKJIL earnings calls
    ₹383.5
    -0.85% from avg

    Overview

    Price

    ₹383.5

    Market Cap

    ₹58.4k Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    2

    Performance

    Explore KALYANKJIL

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital8391.0k1.0k1.0k1.0k1.0k1.0k1.0k
    Reserves1.2k2.0k2.2k2.6k3.1k3.7k4.3k5.1k
    Borrowings2.7k2.5k2.4k2.4k3.2k3.3k5.3k3.2k
    Other Liabilities2.0k2.3k2.1k3.1k3.5k4.6k6.4k7.7k
    Total Liabilities6.7k7.9k7.8k9.2k10.9k12.7k17.1k17.1k
    AssetsFixed Assets1.6k1.4k1.4k1.3k1.6k1.9k3.1k2.1k
    CWIP24532204961214
    Investments2737557687687738515852
    Other Assets4.8k5.7k5.6k7.1k8.5k9.9k14.0k14.0k
    Total Assets6.7k7.9k7.8k9.2k10.9k12.7k17.1k17.1k

    Valuation

    Assumptions

    Current — KALYANKJIL
    Price
    ₹384
    EPS (TTM)
    ₹12.45
    PE (TTM)
    30.8
    Profit growth
    44.3%
    ₹

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (69.9×) and current (30.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹384
    vs
    Fair value · 15% return
    ₹1,204
    214%Undervalued

    At 44.3% growth and a 31× exit, ₹384 only delivers your return if you pay ₹1,204. The price is currently baking in 17% growth.

    EPS grows 44.3%/yr for 5 years, then fades to 6% over 2, exits at 31×.

    YearGrowthEPS (₹)
    FY2744.3%17.97
    FY2844.3%25.92
    FY2944.3%37.41
    FY3044.3%53.98
    FY3144.3%77.89
    FY3225.1% ·fade97.48
    FY336.0% ·fade103.33

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Kalyan Jewellers India Limited

    Guides on how to read this kind of business and the numbers that matter.