āagman

Not investment advice. Data and computed figures, for information only.

Kalyan Jewellers India Ltd

NSE: KALYANKJILF&O
₹558.00
−₹0.85 (−0.15%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹57,214 Cr
CMP
₹558.00
52-wk High / Low
₹649 / 327
P/E
39.1
P/B
9.1
Book Value
₹61.1
Div Yield
0.45%
ROCE
21.0%
ROE
24.8%
Face Value
₹10
D/E
0.97

Price+17.5% over 1Y

āagman read

Computed by āagman
Derived from 9 years and 14 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹134
√(22.5 × EPS × book value per share)
ROIC
12.9%
vs 12.3% sector median
Cash flow to profit
0.98
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−101
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
20.4%
ROE × earnings retention ratio
ROE stability
4.6
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −3.73DII +1.70
Latest quarter vs the previous one
Cash-accrual divergence
0.2%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
+Promoter holding rose by 2.3pp over the last year
Watch-outs
−Annualised volatility of 46.7% is in the high band (≥45%)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,3764,4155,2234,5255,5286,0657,2786,1827,2687,85610,34310,27510,589
Expenses4,0534,1014,8534,2295,1595,7386,8485,7826,7607,3599,5939,5399,956
Operating Profit323314370296368327430399508497750736633
OPM %7.4%7.1%7.1%6.5%6.7%5.4%5.9%6.5%7.0%6.3%7.3%7.2%6.0%
Other Income12132039302640414651234656
Interest828282788590889610495104130108
Depreciation646770747585899398103109113115
Profit before tax188178239184237178294251353350560539465
Net Profit144135180137178130219188264261416410349
EPS (₹)1.401.311.751.341.721.272.121.822.562.524.033.973.38

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 9 years + TTM
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales10,5059,77110,1018,57310,81814,07118,51625,04535,74339,063
Expenses9,7329,1519,3027,9499,96512,90617,18023,46133,18136,448
Operating Profit7746207996248531,1651,3351,5852,5622,616
OPM %7.4%6.3%7.9%7.3%7.9%8.3%7.2%6.3%7.2%6.7%
Other Income32428045385106140162176
Interest390418419405360353379422499438
Depreciation202224239225232245274343423440
Profit before tax21421221392995727899601,8021,914
Net Profit141−5142−62244325967141,3501,435
EPS (₹)1.70−0.041.70−0.062.184.205.806.9313.0813.90

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital8398398391,0301,0301,0301,0301,0311,033—
Reserves1,0121,0461,2031,7962,1072,6053,1593,7725,276—
Borrowings4,1963,9073,7593,3784,0294,2954,4954,9596,117—
Other Liabilities2,5032,2682,4172,6611,7792,7834,1345,3638,291—
Total Liabilities8,5518,0608,2198,8658,94510,71312,81815,12620,717—
Fixed Assets1,8792,1522,1671,8991,9211,9032,2992,8463,312—
CWIP1822245322049818—
Investments130014456—
Other Assets6,6545,8846,0276,9137,0218,78510,46512,26717,382—
Total Assets8,5518,0608,2198,8658,94510,71312,81815,12620,717—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity——3206292451,0131,3221,2091,318
Cash from Investing Activity——34−21764−384−137−177−118
Cash from Financing Activity——−343−208−524−638−1,148−840−1,264
Net Cash Flow——11204−216−837193−64

Ratios

As of 31 Mar 2026
9 periods
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—7.011.07.010.013.014.015.021.0
ROE %————————24.8
EPS (₹)1.70−0.041.70−0.062.184.205.806.9313.08
Book Value (₹)————————61.1
Face Value (₹)————————10
P/E————————39.1
Div Yield %————————0.45
NPM %1.3−0.11.4−0.12.13.13.22.83.8
OPM %7.06.08.07.08.08.07.06.07.0
D/E2.272.071.841.201.281.181.071.030.97
P/B————————9.1

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+33.0%
3 years+36.0%
TTM+46.0%
Compounded profit growth
5 years+195.0%
3 years+45.0%
TTM+83.0%
Stock price CAGR
5 years+48.0%
3 years+26.0%
Last year+14.0%
Return on equity
5 years17.0%
3 years19.0%
Last year25.0%

Shareholding pattern

As of 31 Mar 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters60.53%60.53%60.54%60.55%60.63%62.85%62.86%62.86%
FIIs4.80%4.80%3.05%29.65%21.10%16.89%14.55%10.82%
DIIs1.67%1.67%1.74%2.63%11.00%11.97%14.13%15.83%
Government————————
Public33.00%33.00%34.67%7.17%7.26%8.29%8.46%10.49%
No. of shareholders2,76,6202,76,6202,71,5832,24,4013,70,8127,86,7816,93,8487,69,762
Change since Jun 2023 (pp)
Promoters +2.33FIIs +6.02DIIs +14.16Public −22.51

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Quarterly Update - Q2 FY 2026-27Disclosure Under Regulation 30 Of SEBI (LODR) Regulation, 2015- Sale Of Land.Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Credit Rating
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Rs 2.50 Per Share—
4 Sep 2025DIVIDENDDividend - Rs 1.50 Per Share—
9 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 1.20 Per Share—
4 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 0.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman