Kalyan Jewellers India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Excellent return on equity (ROE 24.8%)
- Efficient capital deployment (ROCE 21.2%)
Concerns
- High premium to book value (P/B 8.3x)
Today's Price Action
The stock closed at ₹510 with a flat change, matching its previous close and indicating a neutral intraday bias. Trading volume held steady at 39,69,640 shares, identical to the 20‑day average, which suggests that neither aggressive buying nor selling pressure is currently influencing the market.
Valuation Snapshot
P/E stands at 36.1 while the sector average is not disclosed, making a direct comparison unavailable and leaving the relative valuation open to interpretation. The return on equity of 24.8% reflects strong profitability relative to capital employed and signals efficient use of shareholders’ funds.
Key Levels to Watch
The current price sits roughly midway between the 52‑week low of ₹327 and the high of ₹649, providing a balanced reference range that can act as both short‑term support and resistance. Open‑interest data is not provided, so further support or resistance levels based on that metric cannot be quantified at this time.
Chart Pattern
On the daily chart, a bearish Marubozu and a bearish Engulfing appeared seven days ago, followed by a bullish inverted hammer eight days ago, indicating mixed candle formations within the recent ten‑day window and highlighting a period of indecision in price action.
Data Summary
Key metrics show a market price of ₹510, a P/E of 36.1, a P/B of 0, and an ROE of 24.8%, underscoring a capital‑light balance sheet with strong earnings yield. The 52‑week range spans ₹327 to ₹649, while volume aligns with its 20‑day average of 39,69,640 shares, confirming that trading activity remains consistent with recent historical patterns.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,338 | ₹3.8L Cr | 65.4 | 24.51 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,285 | ₹2.2L Cr | 45.4 | 10.24 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹— | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹11,400 | ₹68K Cr | 36.5 | 14.82 | 18.9 | 29.2 | 0.34 |
| HAVELLS Havells India Limited | ₹1,025 | ₹65K Cr | 38.1 | 6.57 | 19 | 24.9 | 0.02 |
| BERGEPAINT Berger Paints (I) Limited | ₹— | ₹54K Cr | 44.3 | — | 17.3 | 21.6 | 0.11 |
| VOLTAS Voltas Limited | ₹1,012 | ₹31K Cr | 67.3 | 5.24 | 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 September 30, 2026
Dividend - Rs 2.50 Per Share
Record: 11 Sept 2026
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 newsKalyan Jewellers Q1 results out, analysts update forecasts
*Kalyan Jewellers Q1 results out, analysts update forecasts*. The company reported **revenue of ₹1,247 crore** and **net profit of ₹117 crore** for Q1, surpassing estimates. Analysts have revised growth outlook citing strong same-store sales and expansion plans. New targets reflect improved margin guidance and increased store additions. 📊 *STOCKS:* $KALYANKJIL | 🏢 *SECTOR:* Retail | #HIGHIMPACT #Earnings
Jefferies sees 46% upside in Kalyan Jewellers
*Jefferies sees 46% upside in Kalyan Jewellers* following a **55% rise in 3 months**. The brokerage set a target price of **₹800 per share**, citing strong brand value and expansion potential. Kalyan Jewellers has outperformed the market amid robust demand in the luxury jewellery segment. 📊 *STOCKS:* $KALYANKJIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Jewellery
Kalyan Jewellers India announces general updates
*Kalyan Jewellers India announces general updates.* The company filed routine corporate updates with the NSE, disclosing no major financial or operational changes. Details remain unspecified in the brief filing. **No immediate impact on trading sentiment is expected**. 📊 *STOCKS:* $KALYANKJEW | 🏢 *SECTOR:* Retail | #LOWIMPACT #GeneralUpdates
Kalyan Jewellers announces general corporate updates
*Kalyan Jewellers announces general corporate updates.* The company filed routine disclosures with the NSE, indicating no major operational or financial changes. These updates are primarily administrative in nature. Investors await further clarity on future growth plans. 📊 *STOCKS:* $KALYANJEWELS | 🏢 *SECTOR:* Realty | #LOWIMPACT #corporate
Kalyan Jewellers stock jumps 2.5% on UBS 'buy' call
*Kalyan Jewellers stock jumps 2.5%, topping midcap gainers.* UBS reiterates 'Buy' rating, citing strong growth potential and improving margins. The brokerage sees significant upside from current levels, driven by robust rural demand and expanding store network. 📊 *STOCKS:* $KALYANKJIL | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BrokerUpgrade
Kalyan Jewellers to discuss strategy with analysts.
*Kalyan Jewellers to discuss strategy with analysts.* The company announced an upcoming analyst and institutional investor meet to share business updates. Such events typically provide clarity on guidance and operational performance. No major strategic shifts or financial announcements were disclosed. 📊 *STOCKS:* $KALYANKJEW | 🏢 *SECTOR:* Trading | #LOWIMPACT #AnalystMeet
Kalyan Jewellers India announces general updates
*Kalyan Jewellers India announces general updates.* No specific financial or operational details were provided in the filing. The update does not disclose material events affecting business operations or earnings. Routine corporate disclosure with limited trader relevance. 📊 *STOCKS:* KALYAN | 🏢 *SECTOR:* Corporate | #LOWIMPACT #Corporate
Kalyan Jewellers publishes mandatory newspaper notice
*Kalyan Jewellers publishes mandatory newspaper notice.* This is a routine corporate disclosure as per regulatory requirements. No financial or operational updates were provided. The filing does not indicate any immediate market-moving development. 📊 *STOCKS:* $KALYANKJIL | 🏢 *SECTOR:* Realty | #LOWIMPACT #corporate
Kalyan Jewellers publishes mandatory newspaper notice.
*Kalyan Jewellers publishes mandatory newspaper notice.* This is a routine corporate disclosure as per regulatory requirements. **No financial or operational impact** is expected from this filing. Such notices are typically for record-keeping or compliance purposes. 📊 *STOCKS:* $KALYANKJIL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Corporate
Kalyan Jewellers to hold shareholder meeting on Sept 19, 2026
*Kalyan Jewellers to hold shareholder meeting on Sept 19, 2026.* The meeting is scheduled for routine corporate matters. No **material announcements** or financial outcomes are indicated in the filing. It is a procedural event ahead of future decisions. 📊 *STOCKS:* $KALYANJEWELS | 🏢 *SECTOR:* Realty | #LOWIMPACT #ShareholderMeeting
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 | ₹33.2K Cr 41.4% | ₹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 | ₹2.6K Cr 61.6% | ₹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 | ₹162 Cr 15.7% | ₹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 | ₹499 Cr 18.2% | ₹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 DurablesConsumer Durables