Ahmedabad-based retail jewellery company selling gold, diamond and silver ornaments and coins under the 'KK Jewels' brand through exclusive showrooms.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 98.0 | +25.6% YoY | Quarterly, as filed | Quarter to Sept 2025 | Revenue from operations as filed. |
| Operating margin | 14.0 | +1.0 pts YoY | Operating profit / revenue | Quarter to Sept 2025 | For the quarter; a change is in percentage points. |
| Net profit | 7.0 | +133.3% YoY | Quarterly, as filed | Quarter to Sept 2025 | Profit after tax as filed. |
| Return on equity | +7.3 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -16.16 | −5.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | −2.4 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
7 targets tracked, none judged yet · 7 open · verdicts reflect calls analysed to Q4 FY25.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross Debt | Reduce debt within two or three years from accruals once maximum stores are opened | Q4 FY25 | Management deferred immediate debt reduction, setting a 2-3 year horizon. | New |
7 of Kabra Jewels Limited's 7 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 6 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹95 on 24 Oct 2025 → ₹130. High ₹157.6 (14 Oct 2026), low ₹81.15 (4 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Kabra Jewels (KK Jewels) is a retail jewellery business in Ahmedabad offering gold, diamond and silver ornaments, plus gold and silver coins, utensils and handcrafted artifacts, marketed under the 'KK Jewels' brand. It sources standard, fast-moving designs via direct procurement from vendors while bridal, designer and customized pieces are handcrafted by a network of outsourced local artisans (karigars) under in-house designs. Products are sold through specialized, format-specific showrooms (bridal, diamond, silver, gold) run on leased premises.
Segments
Guidance
7 targets tracked, none judged yet · 7 open · verdicts reflect calls analysed to Q4 FY25.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Gross Debt | Reduce debt within two or three years from accruals once maximum stores are opened | Q4 FY25 | Management deferred immediate debt reduction, setting a 2-3 year horizon. | New |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 7 tracked commitments, with each call’s wording and source.
Call summaries
KKJEWELS Q4 FY25
Kabra Jewels Limited reported broad-based growth in FY25, driven by strategic expansion including a new showroom and efficient IPO fund deployment. However, net profit margins marginally declined due to disproportionate gold price increases and slow sales in April-May. The company is aggressively pursuing marketing and exploring B2B and export markets, targeting a 20-25% revenue CAGR while managing existing debt.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2022 to Mar 2026).
Financials
Net profit, year on year: +133% (quarter to sept 2025 against sept 2024).
| Line item | Sept 2024 | Mar 2025 | Sept 2025 |
|---|---|---|---|
| Sales | 78 | 133 | 98 |
| Expenses | 68 | 116 | 84 |
| Operating profit | 10 | 17 | 14 |
| Operating margin | 13.0% | 13.0% | 14.0% |
| Other income | 0 | 0 | 0 |
| Interest | 5 | 5 | 5 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 4 | 11 | 9 |
| Tax rate | 30.0% | 21.0% | 24.0% |
| Net profit | 3 | 9 | 7 |
| EPS (₹ per share) | 3.93 | 8.14 | 6.26 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 10 | 10 | 10 |
| Reserves | 17 | 21 | 31 | 70 | 76 | 95 |
| Borrowings | 47 | 70 | 90 | 95 | 123 | 155 |
| Other liabilities | 9 | 22 | 20 | 14 | 36 | 28 |
| Total liabilities | 74 | 113 | 141 | 189 | 245 | 288 |
| Fixed assets | 9 | 11 | 12 | 13 | 14 | 14 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 65 | 102 | 128 | 176 | 231 | 274 |
| Total assets | 74 | 113 | 141 | 189 | 245 | 288 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Cash from operations | 2 | -12 | -8 | -19 | -41 |
| Cash from investing | -7 | -3 | -3 | -3 | -2 |
| Cash from financing | 5 | 15 | 12 | 33 | 49 |
| Net cash flow | 0 | 0 | 1 | 11 | 5 |
| Free cash flow | -5 | -15 | -10 | -21 | -44 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor days | 4 | 9 | 14 | 4 | 5 |
| Inventory days | 207 | 340 | 328 | 323 | 432 |
| Days payable | 24 | 66 | 29 | 16 | 26 |
| Cash conversion cycle | 187 | 284 | 313 | 311 | 411 |
| Working capital days | 132 | 191 | 149 | 146 | 225 |
| Return on capital employed | — | 15.0% | 19.0% | 17.0% | 20.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Promoters hold 62.75% as of Mar 2026; institutions cut 0.18 pts since Sept 2025.
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Named in the Mar 2026 filing
Every holder of Kabra Jewels Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 38.34% | unchanged | |
| 13.73% | unchanged | |
| 6.10% | unchanged | |
| 6.10% | unchanged | |
| 4.54% | unchanged | |
| 1.53% | unchanged | |
| 1.19% | newly disclosed | |
| 0.03% | unchanged | |
| — | off the list | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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