



Consumer Durables | Mid Cap
Kalyan Jewellers India Ltd presents a mixed but generally positive financial picture, marked by aggressive growth and strong profitability. The company's key strengths lie in its exceptionally low debt levels, making it financially very stable and less risky from a long-term perspective. It is also highly profitable, effectively turning sales into income. Growth in revenue is impressive, fueled by significant investment in expansion. However, the company faces challenges with its short-term cash flow. Its ability to pay immediate bills relies heavily on selling its large and slow-moving inventory of high-value jewelry. While sales and operational profits are growing, historical data indicates that this has not always translated into consistent growth in net income for shareholders. The future outlook points to continued expansion, with a business model that prioritizes growth and profitability over short-term liquidity.
Kalyan Jewellers India Ltd presents a mixed but generally positive financial picture, marked by aggressive growth and strong profitability. The company's key strengths lie in its exceptionally low debt levels, making it financially very stable and less risky from a long-term perspective. It is also highly profitable, effectively turning sales into income. Growth in revenue is impressive, fueled by significant investment in expansion. However, the company faces challenges with its short-term cash flow. Its ability to pay immediate bills relies heavily on selling its large and slow-moving inventory of high-value jewelry. While sales and operational profits are growing, historical data indicates that this has not always translated into consistent growth in net income for shareholders. The future outlook points to continued expansion, with a business model that prioritizes growth and profitability over short-term liquidity.
Overall Valuation Score
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P/E RATIO (TTM)
48.52
Industry Median
19.90
Mid Cap Median
46.14
P/E RATIO
46.14
P/B RATIO
9.88
Industry Median
2.00
Mid Cap Median
9.88
P/S RATIO
1.81
Industry Median
1.24
Mid Cap Median
1.81
Others
PEG RATIO
0.00
EV/EBITDA RATIO
24.75
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹603.55 as on Aug 22, 2026.
The company is in a phase of robust expansion, as evidenced by excellent growth in sales and operating profits. It is also aggressively growing its asset base to support this expansion. However, a look at the historical weighted data shows this strong top-line performance has not consistently led to growth in net income or earnings per share. This discrepancy suggests that past profitability has been volatile, or high expenses have impacted the final profit available to shareholders.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 26.19 | 30.07 | 31.59 | 35.26 | 42.72 |
| Operating Profit Growth Rate | 36.7 | 36.58 | 14.59 | 18.73 | 57.16 |
| Earnings Per Share (EPS) Growth | -3733.33 | 92.66 | 38.1 | 19.48 | 88.74 |
| Asset Growth Rate | 0.9 | 19.77 | 19.65 | 18.01 | 36.96 |
| Net Income Growth Rate | -3833.33 | 92.86 | 37.96 | 19.8 | 89.08 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Kalyan Jewellers India Ltd | 6.41 | 46.14 | Neutral | 2491.00 | 12.44 | 1350.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
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Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
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Bullish
Strong Bullish
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Volume Score
Strong Bearish
Bearish
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Bullish
Strong Bullish
Neutral
Concall Report⬤11th May 26
Q4 FY26 Earnings Conference Call
BULLISH SENTIMENT
No Stock News Available at This Moment.
Kalyan Jewellers India Ltd is a leading Indian jewellery retailer, engaged in the design, manufacturing, and sale of a diverse range of gold, diamond, and precious stone jewellery. Operating across India and the Middle East, the company is recognized for its extensive retail network, trusted brand value, and customer-centric business model in the highly competitive consumer durables sector.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Kalyan Jewellers India Ltd's P/E ratio (TTM) is 48.52, compared to the industry median of 19.90 and large cap median of 46.14.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Kalyan Jewellers India Ltd's P/B ratio is 9.88, compared to the industry median of 2.00 and large cap median of 9.88.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Kalyan Jewellers India Ltd's P/S ratio is 1.81, compared to the industry median of 1.24 and large cap median of 1.81.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Kalyan Jewellers India Ltd's PEG ratio is 1.62.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Kalyan Jewellers India Ltd's EV/EBITDA ratio is 24.75.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Kalyan Jewellers India Ltd's ROE is 21.40%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Kalyan Jewellers India Ltd's ROA is 12.02%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Kalyan Jewellers India Ltd's ROCE is 21%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Kalyan Jewellers India Ltd's operating margin is 6.97%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Kalyan Jewellers India Ltd's net margin is 3.78%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Kalyan Jewellers India Ltd's current ratio is 1.40.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Kalyan Jewellers India Ltd's debt-to-equity ratio is 0.32.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Kalyan Jewellers India Ltd's interest coverage ratio is 5.16.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Kalyan Jewellers India Ltd's DPS is ₹2.49.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Kalyan Jewellers India Ltd's EPS is 88.74.
(Source line: "Ratios as of 22 Aug 2026, based on last traded price of ₹603.55. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1993
Headquarters: Thrissur, Kerala
Core Offerings: Gold Jewellery, Diamond Jewellery, Precious Stone Jewellery, Platinum Jewellery, Silver Jewellery
Stock Listing: NSE (KALYANKJIL), BSE (543278)
Promoter: T.S. Kalyanaraman and Family / Kalyan Group
The Kalyan Group's business lineage began in 1908 with textile trading. In 1993, T.S. Kalyanaraman established the first Kalyan Jewellers store in Thrissur, Kerala, diversifying into jewellery retail. The company expanded rapidly across South India in the early 2000s, followed by pan-India presence and international expansion into the Middle East by the 2010s. In 2021, Kalyan Jewellers India Ltd successfully completed its Initial Public Offering (IPO), listing on NSE and BSE, solidifying its position as one of India's largest and most prominent jewellery retailers.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| India Operations | 87.7% | Higher contribution to overall EBITDA |
| Middle East Operations | 12.3% | Lower contribution to overall EBITDA |
India Operations: Focuses on the design, manufacturing, and retail of a wide range of gold, diamond, and precious stone jewellery through an extensive network of showrooms across major regions in India. This segment includes company-owned and franchised stores, catering to diverse customer preferences and regional traditions.
Middle East Operations: Caters to the significant Indian expatriate population and local residents in key markets such as UAE, Qatar, and Kuwait, offering similar product lines with a localized appeal and competitive pricing.
T.S. Kalyanaraman (Chairman & Managing Director): A visionary entrepreneur who founded Kalyan Jewellers, transforming it into a leading national and international brand. He continues to steer the company's strategic direction and growth.
Kalyan Jewellers LLC
Kalyan Jewellers FZ LLC
Kalyan Jewellers Global DMCC
Kalyan Jewellers International LLC
No major recent corporate actions on record.
The Kalyan Jewellers India Ltd share price today is ₹603.55 on NSE (KALYANKJIL), as of 22 Aug 2026.
As of 22 Aug 2026, Kalyan Jewellers India Ltd share price is ₹603.55, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, Kalyan Jewellers India Ltd's market cap is ₹64,652.28 crore (Large Cap).
Kalyan Jewellers India Ltd's current P/E ratio is 48.52, compared to the TEXTILES APPARELS & ACCESSORIES sector average of 38.50.
Kalyan Jewellers India Ltd's current P/B ratio is 9.88.
Kalyan Jewellers India Ltd's current dividend yield is 0.41%. Last dividend of ₹0.50 per share was declared on 02-Jul-2024.
Kalyan Jewellers India Ltd's EPS (TTM) is ₹88.74.
Kalyan Jewellers India Ltd is a leading Indian jewellery retailer, engaged in the design, manufacturing, and sale of a diverse range of gold, diamond, and precious stone jewellery. Operating across India and the Middle East, the company is recognized for its extensive retail network, trusted brand value, and customer-centric business model in the highly competitive consumer durables sector.
Kalyan Jewellers India Ltd is promoted by T.S. Kalyanaraman and Family / Kalyan Group, holding 62.87% as of 22 Aug 2026.
Kalyan Jewellers India Ltd is listed on NSE (KALYANKJIL) and BSE (543278). Its next quarterly results are expected on August 2024.