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Kalyan Jewellers India Limited (KALYANKJIL.NS)

INR548.10 +18.35 (+3.46%)
IN NSE Consumer Cyclical Specialty Retail
Address TC-32/204/2 680002
Thrissur, KL, IN
CEO Sanjay Raghuraman
Website kalyanjewellers.net
IPO 2021-03-26
ISIN INE303R01014

Explore sections of this company profile

Also trades on Bombay Stock Exchange · KALYANKJIL.BO (INR) National Stock Exchange of India · KALYANKJIL.NS (INR)
Description

Kalyan Jewellers India Limited, together with its subsidiaries, engages in the manufacture and retail of various gold and precious stone studded jewelry products. It offers gold, diamond, silver, platinum, gemstone, and white and rose gold jewelries, including wedding, staple regional, aspirational, studded, and other jewelries. The company also provides chains, necklaces, bangles, bracelets, nose studs, choker, jewelry, and moti sets, daily wear, vaddanam, rings, earrings, pendants, anklets, pearls, studs, jhumka, lockets, harams, kadas, payals, and second studs. It offers its products under MUDHRA, NIMAH, ANOKHI, RANG, TEJASVI, ZIAH, LAYA, GLO, CANDERE, VEDHA, APOORVA, HERA, and MUHURAT brand names. In addition, the company operates showrooms in India and the Middle East, as well as My Kalyan Grassroots stores. Further, it sells its products through an online platform, candere.com. Kalyan Jewellers India Limited was founded in 1993 and is headquartered in Thrissur, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR548.10 +18.35 (+3.46%)
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Volume Profile
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Liquidity & share structure
Average Volume
8M
Beta
-0.04
Float Shares
366.16M
Free Float %
35.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-5.28% -17.20% -22.40% -18.02% -31.29% -29.39% -38.20% +221.63% +463.65% +355.72% +355.72%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
548.10
DCF (Levered) 3,577.63 +552.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 9 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.95
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Specialty Retail: +6.4%
    +43.3% ★ Q1'26: +69.6% (vs Q1'25)
  • ✓
    EPS growth Specialty Retail: +20.6%
    +88.3% ★ Q1'26: +117.0% (vs Q1'25)
  • ✗
    FCF margin FCF growth · Specialty Retail: +29.3%
    -2.7% Q1'26: +5.0% (vs Q1'25)
  • ✗
    EBIT margin Specialty Retail: +5.4%
    +5.8% ★ Q1'26: +6.1% (vs Q1'25)
  • ✗
    ROIC Specialty Retail: +6.5%
    +13.4% ★ Q1'26: +16.4% (vs Q1'25)
  • ✗
    Share dilution Specialty Retail: +0.1%
    +0.3% Q1'26: +0.6% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Specialty Retail: 0.14×
    2.46× Q1'26: 2.08× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.07) × ERP
WACC = 88% × Ke + 12% × Kd (7.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Current price: 548.10
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
9 Rev. Ana.
8 EPS Ana. 		Mar 2027
4 Rev. Ana.
8 EPS Ana. 		Mar 2028
8 Rev. Ana.
8 EPS Ana. 		Mar 2029
1 Rev. Ana.
3 EPS Ana. 		Mar 2030
1 Rev. Ana.
3 EPS Ana.
Revenue
85.43B
est: 85.73B (-0.3%)
107.81B
est: 108.09B (-0.3%)
140.25B
est: 140.65B (-0.3%)
184.73B
est: 197.08B (-6.3%)
249.46B
est: 248.23B (+0.5%)
338.27B
330.13B – 356.15B
+36.3% YoY
422.26B
403.78B – 434.27B
+24.8% YoY
501.88B
460.58B – 528.72B
+18.9% YoY
617.00B
617.00B – 617.00B
+22.9% YoY
825.71B
789.56B – 849.19B
+33.8% YoY
EBITDA
6.26B
est: 6.40B (-2.3%)
8.34B
est: 8.07B (+3.3%)
11.03B
est: 10.50B (+5.0%)
13.70B
est: 14.42B (-5.0%)
16.45B
est: 18.16B (-9.4%)
24.75B
24.15B – 26.05B
+36.3% YoY
30.89B
29.54B – 31.77B
+24.8% YoY
36.71B
33.69B – 38.68B
+18.9% YoY
45.14B
45.14B – 45.14B
+22.9% YoY
60.40B
57.76B – 62.12B
+33.8% YoY
EBIT
4.01B
est: 4.80B (-16.4%)
6.02B
est: 6.05B (-0.4%)
8.58B
est: 7.87B (+9.1%)
10.96B
est: 11.29B (-2.9%)
13.02B
est: 14.22B (-8.4%)
19.38B
18.91B – 20.40B
+36.3% YoY
24.19B
23.13B – 24.88B
+24.8% YoY
28.75B
26.38B – 30.29B
+18.9% YoY
35.35B
35.35B – 35.35B
+22.9% YoY
47.30B
45.23B – 48.65B
+33.8% YoY
Net Income
-63.04M
est: -103.18M (+38.9%)
2.24B
est: 3.61B (-37.8%)
4.33B
est: 5.30B (-18.3%)
5.97B
est: 6.31B (-5.4%)
7.15B
est: 8.01B (-10.8%)
12.68B
12.02B – 13.34B
+58.3% YoY
16.43B
14.72B – 18.11B
+29.6% YoY
19.78B
18.25B – 22.38B
+20.4% YoY
23.82B
22.47B – 24.70B
+20.5% YoY
20.28B
19.13B – 21.03B
-14.9% YoY
SGA
5.16B
est: 3.02B (+70.8%)
6.20B
est: 3.81B (+62.7%)
7.68B
est: 4.96B (+54.9%)
10.08B
est: 9.98B (+1.0%)
12.65B
est: 12.57B (+0.7%)
17.13B
16.71B – 18.03B
+36.3% YoY
21.38B
20.44B – 21.99B
+24.8% YoY
25.41B
23.32B – 26.77B
+18.9% YoY
31.24B
31.24B – 31.24B
+22.9% YoY
41.80B
39.97B – 42.99B
+33.8% YoY
EPS
-0.07
est: -0.10 (+25.7%)
2.18
est: 3.49 (-37.6%)
4.20
est: 5.16 (-18.6%)
5.80
est: 6.13 (-5.4%)
6.93
est: 7.86 (-11.9%)
12.31
11.61 – 12.89
+56.6% YoY
15.71
14.22 – 17.50
+27.6% YoY
19.49
17.63 – 21.63
+24.0% YoY
23.02
21.71 – 23.87
+18.1% YoY
19.60
18.48 – 20.32
-14.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
15.42B
OE per share TTM
14.94
Owner's Yield
3.52%
Maintenance CapEx ratio
4.25%
Maint CapEx / Avg PPE
13.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 19 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF DRFE.TO 0.04% 94.4K 0.65%
2 Schwab Emerging Markets Equity ETF SCHE 0.02% 2.40M 0.06%
3 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.01% 788.4K 0.17%
4 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.01% 788.4K 0.17%
5 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 385.6K 0.26%
6 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.01% 170.9K 0.48%
7 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.01% 68.3K 0.40%
8 Vanguard All-World ex-US Shares Index ETF VEU.AX 0.00% 150.2K 0.04%
9 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 30.6K 0.22%
10 Vanguard ESG Global All Cap UCITS ETF (USD) Distributing V3AL.L 0.00% 20.0K 0.24%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.65M
Shares Outstanding
1.03B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Seetharam Trikkur Kalyanaraman Whole-Time Director 113M male
Seetharama Iyer Thrikur Kalyanaraman Founder, MD & Executive Director 113M male
Ramesh Trikkur Kalyanaraman Whole-Time Director 113M male
Sanjay Mehrottra Head of Strategy & Corporate Affairs — male
Sanjay Raghuraman Chief Executive Officer — male
Abraham George Head of Treasury & Investor Relations — male
V. Swaminathan Chief Financial Officer — male
Arun Sankar Head of Technology — male
Jishnu Retnavilasam Gopinathan Nair Company Secretary & Compliance Officer — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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