Kalyan Jewellers India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 24.8%)
- ✓Efficient capital deployment (ROCE 20.5%)
Concerns
- ✗High premium to book value (P/B 9.7x)
- ✗Trading near 52-week high (₹618)
Today's Price Action
The stock trades at ₹578.5, unchanged on the day.成交量 stands at 2,88,08,947 shares, identical to the 20‑day average, indicating that trading activity is in line with the recent norm and that there is no immediate surge in participation.
Valuation Snapshot
The trailing P/E ratio sits at 43, markedly higher than the sector average of zero, which reflects the absence of a comparable peer‑group benchmark in the Consumer Durables space. A P/B of 0.0 and an ROE of 24.8 % suggest that the company generates strong returns on equity relative to its book capital.
Key Levels to Watch
The 52‑week range extends from a low of ₹327 to a high of ₹618, placing the current price roughly 65 % up from the annual trough and about 6 % below the peak. Open‑interest clusters observed around ₹560–₹580 have historically acted as minor support zones, while the 200‑day moving average near ₹540 could serve as an additional technical barrier.
Chart Pattern
On the daily chart, a Bearish Harami formed two sessions ago, followed by a Three White Soldiers pattern nine sessions ago. The Harami reflects a potential pause after a decline, whereas the Three White Soldiers indicates three consecutive bullish closes, together illustrating a recent swing from short‑term consolidation to a modest upward momentum.
Data Summary
Key metrics include a stable LTP of ₹578.5, a 20‑day average volume of 2,88,08,947 shares, and a robust ROE of 24.8 %. The stock’s valuation metrics—P/E of 43 and a P/B of 0.0—contrast with the sector’s lack of a comparable P/E baseline, while price sits near the upper half of its 52‑week range.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,709 | ₹4.1L Cr | 80 | 26.61 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,690 | ₹2.6L Cr | 58.1 | 12.06 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,529 -2.18% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹13,855 | ₹88K Cr | 60.9 | 18.02 | 37.4 | 42 | 0.34 |
| HAVELLS Havells India Limited | ₹1,209 | ₹75K Cr | 44.7 | 8.01 | 19 | 24.9 | 0.03 |
| BERGEPAINT Berger Paints (I) Limited | ₹496 -1.96% | ₹58K Cr | 49.3 | 8.37 | 17.8 | 22.2 | 0.11 |
| VOLTAS Voltas Limited | ₹1,309 | ₹44K Cr | 113 | 6.78 | 6.1 | 9.04 | 0.28 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
KALYANKJIL · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 60.55% | 60.63% | 60.59% | 62.90% | 62.85% | 62.85% |
| FII | 26.21% | 21.10% | 21.19% | 15.74% | 16.37% | 16.89% |
| DII | 5.48% | 11.00% | 11.75% | 13.74% | 13.57% | 11.97% |
| Public | 7.75% | 7.26% | 6.46% | 7.62% | 7.21% | 8.29% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Rs 1.50 Per Share
Record: 4 Sept 2025
Annual General Meeting/Dividend - Rs 1.20 Per Share
Annual General Meeting/Dividend - Rs 0.50 Per Share
Latest News
All news →Citi says Kalyan Jewellers stock may double
*Citi says Kalyan Jewellers stock may double* despite Q1 revenue missing estimates. The brokerage maintained a **Buy** rating with a target price of **₹140**, implying significant upside. Strong post-IPO performance and brand value support long-term growth. 📊 *STOCKS:* KALYANJEWELS | 🏢 *SECTOR:* Consumer Durables | #MEDIUMIMPACT #BrokerCall
Citi bullish on Kalyan Jewellers despite Q1 miss
*Citi remains bullish on Kalyan Jewellers despite Q1 revenue growth missing estimates.* The brokerage expects strong demand momentum and margin expansion to drive performance, raising its target price. Revenue grew **12% YoY** versus an estimated **18%**, but EBITDA margin improved to **14.5%**. 📊 *STOCKS:* KALYANKJEW | 🏢 *SECTOR:* Retail | #MEDIUMIMPACT #BrokerCall
Kalyan Jewellers announces general corporate updates
*Kalyan Jewellers announces general corporate updates.* The company filed routine updates with the NSE, though no specific financial or strategic details were disclosed. Such filings typically include administrative or compliance-related information. Traders should await further clarity on material developments. 📊 *STOCKS:* KALYANKJIL | 🏢 *SECTOR:* Retail | #Corporate #jewellery
Kalyan Jewellers gains investor interest on strong retail demand
*Kalyan Jewellers gains investor interest on strong retail demand.* Rising footfalls and festive season demand are boosting sales volumes. The stock has gained **18%** in the past month, outperforming sector peers. Investors are optimistic about its rural reach and brand value driving growth. 📊 *STOCKS:* KALYANKJIL | 🏢 *SECTOR:* Retail | #MEDIUMIMPACT #Jewellery
MSCI index reshuffle adds Adani Energy, Nalco, MCX
*MSCI index reshuffle adds Adani Energy, Nalco, MCX* — MSCI has included Adani Energy Solutions, NALCO, and MCX in its India index, effective next review. Exits include RVNL, Kalyan Jewellers, SBI Card, and Hyundai Motor. The move may trigger passive fund inflows into new entrants and outflows from removed stocks. Rebalancing could impact F&O liquidity ahead of expiry. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, KALYANKJIL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card dropped
*Adani Energy, Nalco, MCX added to MSCI index; RVNL, SBI Card dropped*. MSCI has included Adani Energy, NALCO, and MCX in its India index, effective post-rebalance. Meanwhile, RVNL, Kalyan Jewellers, Hyundai Motor, and SBICard were removed. The move may trigger passive fund inflows into the new entrants and outflows from excluded stocks. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
MSCI index reshuffle adds Adani Energy, Nalco, MCX
*MSCI index reshuffle adds Adani Energy, Nalco, MCX.* MSCI has added Adani Energy Solutions, NALCO, and MCX to its India index, effective August 2023. Exits include RVNL, Kalyan Jewellers, SBI Card, and Hyundai. The move may trigger **$150M+** in passive fund flows due to index rebalancing. Rejigs often impact FPI holdings and short-term trading patterns. 📊 *STOCKS:* ADANIENSOL, NALCO, MCX, RVNL, KALYANKJIL, SBICARD | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
MCX, Indian Bank added to MSCI index; RVNL, Kalyan Jewellers removed
*MCX, Indian Bank added to MSCI index; RVNL, Kalyan Jewellers removed.* MSCI has included MCX and Indian Bank in its India index effective August 1, boosting their visibility to global passive funds. RVNL and Kalyan Jewellers were excluded, potentially triggering outflows. Index rebalances may influence **FII portfolio allocations** and **near-term demand-supply dynamics** for these stocks. 📊 *STOCKS:* MCX, INDBANK, RVNL, KALYANKJIL | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
MSCI rejig adds Adani Energy, Nalco, MCX; drops RVNL, SBI Card
*MSCI rejig adds Adani Energy, Nalco, MCX; drops RVNL, SBI Card.* Foreign index inclusion may boost **liquidity** and **FII inflows** for added stocks. Excluded stocks like **RVNL** and **SBICARD** may see outflows. Impact depends on fund replication of MSCI index. 📊 *STOCKS:* ADANIENERGY | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #MSCI
MSCI rejig adds Federal Bank, MCX, NALCO; RVNL, Kalyan Jewellers exit
*MSCI rejig adds Federal Bank, MCX, NALCO; RVNL, Kalyan Jewellers exit* — MSCI will include Federal Bank, MCX, and NALCO in its India index from May 2026, boosting their foreign inflows. RVNL and Kalyan Jewellers will exit, potentially leading to fund outflows. Index rebalancing may trigger portfolio adjustments by global ETFs and passive funds. 📊 *STOCKS:* FEDERALBNK, MCX, NALCO, RVNL, KALYANKJIL | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹10.3K Cr ▲31.7% | ₹7.9K Cr ▲8.1% | ₹7.3K Cr ▲17.6% | ₹6.2K Cr ▼15.1% | ₹7.3K Cr ▲20.0% | ₹6.1K Cr ▲9.7% | ₹5.5K Cr ▲22.2% | ₹4.5K Cr |
| Op. Profit | ₹750 Cr ▲50.9% | ₹497 Cr ▼2.2% | ₹508 Cr ▲27.3% | ₹399 Cr ▼7.2% | ₹430 Cr ▲31.5% | ₹327 Cr ▼11.1% | ₹368 Cr ▲24.3% | ₹296 Cr |
| OPM | 7.0% ▲16.7% | 6.0% ▼14.3% | 7.0% ▲16.7% | 6.0% ▲0.0% | 6.0% ▲20.0% | 5.0% ▼28.6% | 7.0% ▲0.0% | 7.0% |
| Net Profit | ₹416 Cr ▲59.4% | ₹261 Cr ▼1.1% | ₹264 Cr ▲40.4% | ₹188 Cr ▼14.2% | ₹219 Cr ▲68.5% | ₹130 Cr ▼27.0% | ₹178 Cr ▲29.9% | ₹137 Cr |
| EPS (₹) | 4.03 ▲59.9% | 2.52 ▼1.6% | 2.56 ▲40.7% | 1.82 ▼14.2% | 2.12 ▲66.9% | 1.27 ▼26.2% | 1.72 ▲28.4% | 1.34 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹35.7K Cr ▲42.7% | ₹25.0K Cr ▲35.3% | ₹18.5K Cr ▲31.6% | ₹14.1K Cr ▲30.1% | ₹10.8K Cr ▲26.2% | ₹8.6K Cr ▼15.1% | ₹10.1K Cr ▲3.4% | ₹9.8K Cr ▼7.0% | ₹10.5K Cr |
| Expenses | ₹33.3K Cr ▲41.7% | ₹23.5K Cr ▲36.6% | ₹17.2K Cr ▲33.1% | ₹12.9K Cr ▲29.5% | ₹10.0K Cr ▲25.4% | ₹7.9K Cr ▼14.5% | ₹9.3K Cr ▲1.7% | ₹9.2K Cr ▼6.0% | ₹9.7K Cr |
| Op. Profit | ₹2.5K Cr ▲57.2% | ₹1.6K Cr ▲18.7% | ₹1.3K Cr ▲14.6% | ₹1.2K Cr ▲36.6% | ₹853 Cr ▲36.7% | ₹624 Cr ▼21.9% | ₹799 Cr ▲28.9% | ₹620 Cr ▼19.9% | ₹774 Cr |
| OPM | 7.0% ▲16.7% | 6.0% ▼14.3% | 7.0% ▼12.5% | 8.0% ▲0.0% | 8.0% ▲14.3% | 7.0% ▼12.5% | 8.0% ▲33.3% | 6.0% ▼14.3% | 7.0% |
| Other Income | ₹167 Cr ▲19.3% | ₹140 Cr ▲32.1% | ₹106 Cr ▲2020.0% | ₹5 Cr ▼86.8% | ₹38 Cr ▼15.6% | ₹45 Cr ▼43.8% | ₹80 Cr ▲90.5% | ₹42 Cr ▲31.3% | ₹32 Cr |
| Interest | ₹433 Cr ▲2.6% | ₹422 Cr ▲11.3% | ₹379 Cr ▲7.4% | ₹353 Cr ▼1.9% | ₹360 Cr ▼11.1% | ₹405 Cr ▼3.3% | ₹419 Cr ▲0.2% | ₹418 Cr ▲7.2% | ₹390 Cr |
| Depreciation | ₹423 Cr ▲23.3% | ₹343 Cr ▲25.2% | ₹274 Cr ▲11.8% | ₹245 Cr ▲5.6% | ₹232 Cr ▲3.1% | ₹225 Cr ▼5.9% | ₹239 Cr ▲6.7% | ₹224 Cr ▲10.9% | ₹202 Cr |
| PBT | ₹1.8K Cr ▲87.7% | ₹960 Cr ▲21.7% | ₹789 Cr ▲37.9% | ₹572 Cr ▲91.3% | ₹299 Cr ▲666.7% | ₹39 Cr ▼82.4% | ₹221 Cr ▲952.4% | ₹21 Cr ▼90.2% | ₹214 Cr |
| Tax % | 25.0% ▼3.8% | 26.0% ▲8.3% | 24.0% ▲0.0% | 24.0% ▼4.0% | 25.0% ▼78.3% | 115.0% ▲219.4% | 36.0% ▼70.7% | 123.0% ▲261.8% | 34.0% |
| Net Profit | ₹1.4K Cr ▲89.1% | ₹714 Cr ▲19.8% | ₹596 Cr ▲38.0% | ₹432 Cr ▲92.9% | ₹224 Cr ▲3833.3% | ₹-6 Cr ▼104.2% | ₹142 Cr ▲2940.0% | ₹-5 Cr ▼103.5% | ₹141 Cr |
| EPS (₹) | 13.08 ▲88.7% | 6.93 ▲19.5% | 5.8 ▲38.1% | 4.2 ▲92.7% | 2.18 ▲3733.3% | -0.06 ▼103.5% | 1.7 ▲4350.0% | -0.04 ▼102.4% | 1.7 |
| Div Payout | 19.0% ▼13.6% | 22.0% ▲4.8% | 21.0% ▲75.0% | 12.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹1.0K Cr ▲0.0% | ₹1.0K Cr ▲0.2% | ₹1.0K Cr ▲0.1% | ₹1.0K Cr ▲0.0% | ₹1.0K Cr ▲0.0% | ₹1.0K Cr ▲0.0% | ₹1.0K Cr ▲22.8% | ₹839 Cr ▲0.0% | ₹839 Cr ▲0.0% | ₹839 Cr |
| Reserves | ₹5.3K Cr ▲22.4% | ₹4.3K Cr ▲14.2% | ₹3.8K Cr ▲19.4% | ₹3.2K Cr ▲21.3% | ₹2.6K Cr ▲23.6% | ₹2.1K Cr ▲17.3% | ₹1.8K Cr ▲49.3% | ₹1.2K Cr ▲15.0% | ₹1.0K Cr ▲3.4% | ₹1.0K Cr |
| Borrowings | ₹6.1K Cr ▲14.7% | ₹5.3K Cr ▲7.6% | ₹5.0K Cr ▲10.3% | ₹4.5K Cr ▲4.7% | ₹4.3K Cr ▲6.6% | ₹4.0K Cr ▲19.3% | ₹3.4K Cr ▼10.1% | ₹3.8K Cr ▼3.8% | ₹3.9K Cr ▼6.9% | ₹4.2K Cr |
| Other Liabilities | ₹8.3K Cr ▲29.2% | ₹6.4K Cr ▲19.6% | ₹5.4K Cr ▲29.7% | ₹4.1K Cr ▲48.5% | ₹2.8K Cr ▲56.4% | ₹1.8K Cr ▼33.1% | ₹2.7K Cr ▲10.1% | ₹2.4K Cr ▲6.6% | ₹2.3K Cr ▼9.4% | ₹2.5K Cr |
| Total Liabilities | ₹20.7K Cr ▲21.2% | ₹17.1K Cr ▲13.0% | ₹15.1K Cr ▲18.0% | ₹12.8K Cr ▲19.6% | ₹10.7K Cr ▲19.8% | ₹8.9K Cr ▲0.9% | ₹8.9K Cr ▲7.9% | ₹8.2K Cr ▲2.0% | ₹8.1K Cr ▼5.7% | ₹8.6K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹3.3K Cr ▲8.3% | ₹3.1K Cr ▲7.5% | ₹2.8K Cr ▲23.8% | ₹2.3K Cr ▲20.8% | ₹1.9K Cr ▼0.9% | ₹1.9K Cr ▲1.2% | ₹1.9K Cr ▼12.4% | ₹2.2K Cr ▲0.7% | ₹2.2K Cr ▲14.5% | ₹1.9K Cr |
| CWIP | ₹18 Cr ▲50.0% | ₹12 Cr ▲50.0% | ₹8 Cr ▼83.7% | ₹49 Cr ▲145.0% | ₹20 Cr ▲900.0% | ₹2 Cr ▼96.2% | ₹53 Cr ▲120.8% | ₹24 Cr ▲9.1% | ₹22 Cr ▲22.2% | ₹18 Cr |
| Investments | ₹6 Cr ▲20.0% | ₹5 Cr ▲0.0% | ₹5 Cr ▲25.0% | ₹4 Cr ▲0.0% | ₹4 Cr ▲300.0% | ₹1 Cr | ₹0 Cr | ₹0 Cr ▼100.0% | ₹3 Cr ▲200.0% | ₹1 Cr |
| Other Assets | ₹17.4K Cr ▲24.0% | ₹14.0K Cr ▲14.2% | ₹12.3K Cr ▲17.2% | ₹10.5K Cr ▲19.1% | ₹8.8K Cr ▲25.1% | ₹7.0K Cr ▲1.6% | ₹6.9K Cr ▲14.7% | ₹6.0K Cr ▲2.4% | ₹5.9K Cr ▼11.6% | ₹6.7K Cr |
| Total Assets | ₹20.7K Cr ▲21.2% | ₹17.1K Cr ▲13.0% | ₹15.1K Cr ▲18.0% | ₹12.8K Cr ▲19.6% | ₹10.7K Cr ▲19.8% | ₹8.9K Cr ▲0.9% | ₹8.9K Cr ▲7.9% | ₹8.2K Cr ▲2.0% | ₹8.1K Cr ▼5.7% | ₹8.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹1.3K Cr ▲9.0% | ₹1.2K Cr ▼8.5% | ₹1.3K Cr ▲30.5% | ₹1.0K Cr ▲313.5% | ₹245 Cr ▼61.0% | ₹629 Cr ▲96.6% | ₹320 Cr | — | — |
| Investing CF | ₹-118 Cr ▲33.3% | ₹-177 Cr ▼29.2% | ₹-137 Cr ▲64.3% | ₹-384 Cr ▼700.0% | ₹64 Cr ▲129.5% | ₹-217 Cr ▼738.2% | ₹34 Cr | — | — |
| Financing CF | ₹-1.3K Cr ▼50.5% | ₹-840 Cr ▲26.8% | ₹-1.1K Cr ▼79.9% | ₹-638 Cr ▼21.8% | ₹-524 Cr ▼151.9% | ₹-208 Cr ▲39.4% | ₹-343 Cr | — | — |
| Net Cash Flow | ₹-64 Cr ▼133.2% | ₹193 Cr ▲421.6% | ₹37 Cr ▲562.5% | ₹-8 Cr ▲96.3% | ₹-216 Cr ▼205.9% | ₹204 Cr ▲1754.5% | ₹11 Cr | — | — |
| Free Cash Flow | ₹939 Cr ▲18.9% | ₹790 Cr ▼25.5% | ₹1.1K Cr ▲28.3% | ₹827 Cr ▲437.0% | ₹154 Cr ▼73.5% | ₹581 Cr ▲174.1% | ₹212 Cr | — | — |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9d ▲50.0% | 6d ▲0.0% | 6d ▲0.0% | 6d ▲50.0% | 4d ▼20.0% | 5d ▼37.5% | 8d ▲60.0% | 5d ▼16.7% | 6d |
| Inventory Days | 167d ▲3.1% | 162d ▼15.2% | 191d ▼11.6% | 216d ▼6.9% | 232d ▼14.7% | 272d ▲32.7% | 205d ▲2.5% | 200d ▼3.8% | 208d |
| Days Payable | 40d ▲2.6% | 39d ▼13.3% | 45d ▲21.6% | 37d ▲42.3% | 26d ▼25.7% | 35d ▲45.8% | 24d ▲26.3% | 19d ▼38.7% | 31d |
| Cash Conv. Cycle | 136d ▲5.4% | 129d ▼15.7% | 153d ▼17.3% | 185d ▼11.9% | 210d ▼12.9% | 241d ▲27.5% | 189d ▲1.1% | 187d ▲1.6% | 184d |
| Working Capital Days | 30d ▲30.4% | 23d ▼8.0% | 25d ▼16.7% | 30d ▲0.0% | 30d ▲200.0% | 10d ▲300.0% | -5d ▲58.3% | -12d ▼9.1% | -11d |
| ROCE | 21.0% ▲40.0% | 15.0% ▲7.1% | 14.0% ▲7.7% | 13.0% ▲30.0% | 10.0% ▲42.9% | 7.0% ▼36.4% | 11.0% ▲57.1% | 7.0% | — |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Kalyan Jewellers India Limited
Kalyan Jewellers India Ltd. designs manufacture and sells a range of gold, studded and other jewellery products across various price points. It is one of the largest jewellery retailers in India based on revenue as of FY20. The co. was founded by the current Chairman, MD and Promoter, Mr T.S. Kalyanaraman [1]
Consumer Durables · Consumer Durables