Kalyan Jewellers India Ltd (KALYANKJIL) share price, results, shareholding

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	4,415	5,223	4,525	5,528	6,065	7,278	6,182	7,268	7,856	10,343	10,275	10,589
Expenses	4,101	4,853	4,229	5,159	5,738	6,848	5,782	6,760	7,359	9,593	9,539	9,956
Operating Profit	314	370	296	368	327	430	399	508	497	750	736	633
OPM %	7%	7%	7%	7%	5%	6%	6%	7%	6%	7%	7%	6%
Other Income	13	20	39	30	26	40	41	46	51	23	46	56
Interest	82	82	78	85	90	88	96	104	95	104	130	108
Depreciation	67	70	74	75	85	89	93	98	103	109	113	115
Profit before tax	178	239	184	237	178	294	251	353	350	560	539	465
Tax %	24%	24%	25%	25%	27%	26%	25%	25%	26%	26%	24%	25%
Net Profit	135	180	137	178	130	219	188	264	261	416	410	349
EPS in Rs	1.31	1.75	1.34	1.72	1.27	2.12	1.82	2.56	2.52	4.03	3.97	3.38

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	10,505	9,771	10,101	8,573	10,818	14,071	18,516	25,045	35,743	39,063
Expenses	9,732	9,151	9,302	7,949	9,965	12,906	17,180	23,461	33,181	36,448
Operating Profit	774	620	799	624	853	1,165	1,335	1,585	2,562	2,616
OPM %	7%	6%	8%	7%	8%	8%	7%	6%	7%	7%
Other Income	32	42	80	45	38	5	106	140	162	176
Interest	390	418	419	405	360	353	379	422	499	438
Depreciation	202	224	239	225	232	245	274	343	423	440
Profit before tax	214	21	221	39	299	572	789	960	1,802	1,914
Tax %	34%	123%	36%	115%	25%	24%	24%	26%	25%
Net Profit	141	-5	142	-6	224	432	596	714	1,350	1,435
EPS in Rs	1.70	-0.04	1.70	-0.06	2.18	4.20	5.80	6.93	13.08	13.90
Dividend Payout %	0%	0%	0%	0%	0%	12%	21%	22%	19%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	%	33%	36%	46%
Compounded Profit Growth	%	195%	45%	83%
Stock Price CAGR	%	51%	36%		25%
Return on Equity	%	17%	19%			25%

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	839	839	839	1,030	1,030	1,030	1,030	1,031	1,033
Reserves	1,012	1,046	1,203	1,796	2,107	2,605	3,159	3,772	5,276
Borrowings	4,196	3,907	3,759	3,378	4,029	4,295	4,495	4,959	6,117
Other Liabilities	2,503	2,268	2,417	2,661	1,779	2,783	4,134	5,363	8,291
Total Liabilities	8,551	8,060	8,219	8,865	8,945	10,713	12,818	15,126	20,717
Fixed Assets	1,879	2,152	2,167	1,899	1,921	1,903	2,299	2,846	3,312
CWIP	18	22	24	53	2	20	49	8	18
Investments	1	3	0	0	1	4	4	5	6
Other Assets	6,654	5,884	6,027	6,913	7,021	8,785	10,465	12,267	17,382
Total Assets	8,551	8,060	8,219	8,865	8,945	10,713	12,818	15,126	20,717

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	320	629	245	1,013	1,322	1,209	1,318
Cash from Investing Activity	34	-217	64	-384	-137	-177	-118
Cash from Financing Activity	-343	-208	-524	-638	-1,148	-840	-1,264
Net Cash Flow	11	204	-216	-8	37	193	-64
Free Cash Flow	212	581	154	827	1,061	790	939
CFO/OP	41%	110%	47%	98%	116%	91%	68%

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	6	5	8	5	4	6	6	6	9
Inventory Days	208	200	205	272	232	216	191	162	167
Days Payable	31	19	24	35	26	37	45	39	40
Cash Conversion Cycle	184	187	189	241	210	185	153	129	136
Working Capital Days	-11	-12	-5	10	30	30	25	23	30
ROCE %		7%	11%	7%	10%	13%	14%	15%	21%

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	60.55%	60.55%	60.63%	60.59%	62.90%	62.85%	62.85%	62.81%	62.77%	62.75%	62.86%	62.86%
FIIs	26.56%	26.21%	21.10%	21.19%	15.74%	16.37%	16.89%	16.83%	14.12%	14.11%	14.55%	10.82%
DIIs	4.86%	5.48%	11.00%	11.75%	13.74%	13.57%	11.97%	13.34%	14.56%	15.23%	14.13%	15.83%
Public	8.03%	7.75%	7.26%	6.46%	7.62%	7.21%	8.29%	7.03%	8.54%	7.90%	8.46%	10.49%
No. of Shareholders	3,55,696	3,71,648	3,70,812	4,03,405	5,53,774	5,70,984	7,86,781	6,87,905	7,15,743	6,73,739	6,93,848	7,69,762

Fundamentals

Market Cap₹ 58,748 Cr.

Current Price₹ 569

Stock P/E40.2

Book Value₹ 61.1

ROCE21.2 %

ROE24.8 %

Dividend Yield0.44 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)46%

Compounded Profit Growth (TTM)83%

Consolidated figures.

Valuation

Market capRs 54,511 Cr

Enterprise valueRs 58,440 Cr

P/E (TTM)37.99x

Price to book11.35x

Price to sales1.40x

EV / EBITDA20.93x

EV / EBIT24.85x

EV / sales1.50x

Price to cash flow45.07x

Earnings yield2.63%

Dividend yield0.28%

P/E, 3-year average55.42x

P/B, 3-year average7.85x

P/E, 5-year average48.31x

P/B, 5-year average5.59x

Profitability

Operating margin (excl. other income)6.33%

Operating margin (incl. other income)6.89%

EBITDA margin7.15%

Pre-tax margin4.90%

Net profit margin3.67%

Net margin, latest quarter3.29%

ROE15.90%

ROCE14.98%

ROA5.12%

ROE, 3-year average14.65%

ROCE, 3-year average13.76%

ROA, 3-year average4.87%

ROE, 5-year average10.24%

ROCE, 5-year average11.71%

ROA, 5-year average3.41%

ROIC (approx.)20.04%

Tax rate25.58%

Other income / net worth2.92%

Growth

Sales growth (latest year)35.27%

Profit growth (latest year)19.66%

Sales CAGR, 3 years32.29%

Sales CAGR, 5 years19.91%

Profit CAGR, 3 years47.18%

Profit CAGR, 5 years37.97%

Sales growth QoQ3.06%

Profit growth QoQ-14.85%

Sales growth YoY (latest quarter)45.68%

Profit growth YoY (latest quarter)32.03%

Per share

EPS (TTM)Rs 13.91

EPS (latest year)Rs 6.93

EPS (latest quarter)Rs 3.38

EPS, 3-year averageRs 5.64

EPS, 5-year averageRs 3.81

Book value per shareRs 46.57

Sales per shareRs 378.73

Cash flow per shareRs 11.73

Free cash flow per shareRs 9.10

Dividend per share (latest year)Rs 1.50

Dividend per share, 3-year averageRs 1.07

Dividend per share, 5-year averageRs 1.07

Dividends

Dividend payout21.65%

Dividend payout, 3-year average18.08%

Dividend payout, 5-year average18.08%

Efficiency

Asset turnover1.66x

Fixed asset turnover8.80x

Inventory turnover2.26x

Inventory days161 days

Debtor days6 days

Debtors turnover62.63x

Creditor days40 days

Cash conversion cycle136 days

Working capital days30 days

Leverage

Total debtRs 4,959 Cr

Cash and bankRs 1,031 Cr

Net debtRs 3,928 Cr

Debt to equity1.03x

Net debt / EBITDA1.41x

Interest coverage5.37x

Current ratio (filing 2026-03-31)1.30x

Quick ratio (filing 2026-03-31)0.17x

Trade payables (filing 2026-03-31)Rs 3,360 Cr

Owners' fund to total sources31.76%

Debt to assets32.79%

Cash flow

Cash from Operating Activity (latest year)Rs 1,209 Cr

Cash from Investing Activity (latest year)Rs -177 Cr

Cash from Financing Activity (latest year)Rs -840 Cr

Net Cash Flow (latest year)Rs 193 Cr

Free cash flow (latest year)Rs 939 Cr

FCFE (approx.: FCF + change in debt)Rs 1,403 Cr

Cash from ops / profit, 5 years1.54x

Sales to cash flow20.71x

Statement figures

Net sales (TTM)Rs 39,063 Cr

Net sales (latest year)Rs 25,045 Cr

Sales (latest quarter)Rs 10,589 Cr

Operating profit excl. other income (latest year)Rs 1,585 Cr

Operating profit (latest quarter)Rs 633 Cr

Other income (TTM)Rs 176 Cr

EBITDA (TTM)Rs 2,792 Cr

PBDT (TTM)Rs 2,354 Cr

Profit before tax (TTM)Rs 1,914 Cr

Tax (latest year)Rs 245 Cr

Net profit (TTM)Rs 1,435 Cr

Net profit (latest year)Rs 715 Cr

Net profit (latest quarter)Rs 349 Cr

Depreciation (TTM)Rs 440 Cr

Depreciation (latest quarter)Rs 115 Cr

Interest (TTM)Rs 438 Cr

Cost of goods sold (latest year)Rs 21,902 Cr

Total expenditure (latest year)Rs 23,461 Cr

Total income (latest year)Rs 25,185 Cr

Share capitalRs 1,031 Cr

ReservesRs 3,772 Cr

Shareholders' fundsRs 4,804 Cr

Total assetsRs 15,126 Cr

Net blockRs 2,846 Cr

Capital work in progressRs 8 Cr

InvestmentsRs 5 Cr

ReceivablesRs 400 Cr

InventoryRs 9,681 Cr

Other liabilitiesRs 5,363 Cr

Shares outstanding (crore)103.14

Ownership

Promoter holding62.86% (+0.05 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/E 38.0 is at the 9th percentile of its own 4.4-year range (median 65.6, low 27.1, high 196.8).

P/B 11.35 is at the 59th percentile (median 8.90).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	KALYANKJIL	Nifty 50	Difference
1 week	-7.9%	-2.8%	-5.1 pts
1 month	-7.8%	-6.8%	-1.0 pts
3 months	+38.3%	-7.6%	+46.0 pts
6 months	+40.6%	+0.4%	+40.2 pts
1 year	+14.3%	-9.9%	+24.2 pts
2 years	-31.2%	-13.6%	-17.7 pts
3 years	+132.3%	+14.2%	+118.1 pts
5 years	+619.0%	+27.9%	+591.2 pts

115 mutual fund schemes hold about ₹8,821 Cr. Over three months 70 bought more and 31 sold (share counts, price move removed).

Fund	Weight	Est. Cr	3m shares
Motilal Oswal Midcap Fund	8.13%	3,486	-7%
Motilal Oswal Flexi Cap Fund	8.49%	1,202	-7%
Sundaram Mid Cap Fund	2.61%	388	+5%
Franklin India Mid Cap Fund	2.90%	379	+38%
Sundaram Mid Cap Fund	2.61%	378	+5%
Kotak Arbitrage Fund(M	0.38%	288	+5%
Franklin India Small Cap Fund	1.82%	268	-2%
Sundaram Large and Mid Cap Fund	3.51%	253	-10%
SBI Arbitrage Fund	0.52%	246	-1%
Franklin India Flexi Cap Fund	0.94%	183	-36%
Motilal Oswal Multi Cap Fund	3.85%	180	-35%
Aditya Birla SL Arbitrage Fund	0.53%	144	-7%
Tata Arbitrage Fund	0.49%	122	-23%
HDFC Arbitrage Fund(M	0.37%	95	-26%
ICICI Pru Arbitrage Fund	0.23%	79	+154%
Franklin India ELSS Tax Saver Fund	1.14%	71	-21%
Motilal Oswal Active Momentum Fund	6.03%	70	+100%
Sundaram Multi Cap Fund	2.24%	69	+7%
Motilal Oswal Consumption Fund	5.50%	65	-20%
Motilal Oswal Business Cycle Fund	4.17%	64	-68%
HSBC Focused Fund	3.26%	60	+5%
Sundaram Business Cycle Fund	3.39%	59	+35%
Nippon India Arbitrage Fund	0.27%	46	-28%
HSBC Consumption Fund	2.52%	46	+5%
Nippon India Arbitrage Fund(M	0.27%	45	-28%

Red flags

F-score 7 of 8

No red flags in the latest statements and filings.

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures

Date	Who	Role	Side	Shares	Value	How
2026-02-13	TS Kalyanaraman	Director	buy	233,000	Rs 10.06 Cr	Market Purchase
2026-02-12	TS Kalyanaraman	Director	buy	231,500	Rs 9.96 Cr	Market Purchase
2026-02-11	TS Kalyanaraman	Director	buy	230,000	Rs 9.95 Cr	Market Purchase
2026-02-10	TS Kalyanaraman	Director	buy	219,760	Rs 9.48 Cr	Market Purchase
2025-03-04	T K Ramesh	Promoters	other	3,300,000	Rs 151.44 Cr	Pledge Creation
2025-03-04	T K Seetharam	Promoters	other	3,300,000	Rs 151.44 Cr	Pledge Creation
2025-03-03	T K Seetharam	Promoters	other	3,300,000	Rs 145.40 Cr	Revokation of Pledge
2025-03-03	T K Ramesh	Promoters	other	3,300,000	Rs 145.40 Cr	Revokation of Pledge
2025-02-03	T K Seetharam	Director	other	6,097,561	Rs 307.20 Cr	Pledge Creation
2025-02-03	T K Seetharam	Director	other	6,097,561	Rs 307.20 Cr	Revokation of Pledge
2025-01-17	T K Seetharam	Promoters	other	19,088,119	Rs 957.27 Cr	Pledge Creation
2025-01-17	T K Ramesh	Promoters	other	17,029,582	Rs 854.03 Cr	Pledge Creation

Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026

Sales ₹10,589 Cr +45.7% vs Jun 2025. Net profit ₹349 Cr +32.2%.

Activity

Compare

Company	Mcap (Cr)	P/E	ROCE
Titan Company Ltd	415,040	71.1	20.5 %
Lalithaa Jewellery Mart Ltd	20,989	22.0	38.0 %
Thangamayil Jewellery Ltd	16,177	41.2	25.5 %
PC Jeweller Ltd	12,976	16.7	9.60 %
Sky Gold & Diamonds Ltd	12,713	38.0	27.0 %
Bluestone Jewellery & Lifestyle Ltd	12,315	219	6.78 %
P N Gadgil Jewellers Ltd	8,612	19.2	21.0 %
Timex Group India Ltd	7,360	82.5	82.8 %
Ethos Ltd	6,662	63.1	10.4 %
Senco Gold Ltd	5,363	9.40	21.2 %
Goldiam International Ltd	4,861	23.0	25.8 %
KDDL Ltd	4,836	49.3	11.7 %
Tribhovandas Bhimji Zaveri Ltd	4,184	19.6	21.9 %
D.P. Abhushan Ltd	3,796	15.8	39.6 %
Vaibhav Global Ltd	3,393	11.9	16.4 %

No bulk or block deals on record.

Ex-date	Action	Factor
2026-09-11	Dividend - Rs 2.50 Per Share
2025-09-04	Dividend - Rs 1.50 Per Share
2024-08-09	Annual General Meeting/Dividend - Rs 1.20 Per Share
2023-08-04	Annual General Meeting/Dividend - Rs 0.50 Per Share

Date	Type	What it says
2026-09-30	General Updates	General Updates
2026-09-23	Concall / analyst meet	Schedule of meet
2026-09-22	Credit Rating	Credit Rating
2026-09-19	Shareholder meeting	Voting results.
2026-09-19	General Updates	General Updates
2026-09-19	Shareholder meeting	Proceedings of Annual General Meeting held on September 19, 2026
2026-09-08	Concall / analyst meet	Schedule of meet
2026-09-07	Concall / analyst meet	Schedule of meet
2026-08-21	General Updates	General Updates
2026-08-20	Shareholder meeting	Notice of Annual General Meeting to be held on September 19, 2026
2026-08-17	Record Date	Record date for the purpose of Dividend is 12-Sep-2026.
2026-08-17	Updates	Intimation of 18th Annual General Meeting.
2026-08-13	Concall / analyst meet	Schedule of meet
2026-08-08	Concall / analyst meet	Transcript
2026-08-04	Concall / analyst meet	Link of Recording
2026-08-04	Investor Presentation	Investor Presentation
2026-08-04	Board meeting outcome	Kalyan Jewellers India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-01	ESOP	Allotment of 10765 Shares.
2026-07-27	Concall / analyst meet	Schedule of meet
2026-07-07	General Updates	General Updates
2026-06-26	General Updates	General Updates
2026-05-30	Concall / analyst meet	Schedule of meet
2026-05-11	Concall / analyst meet	Transcript
2026-05-08	Concall / analyst meet	Link of Recording
2026-05-08	Investor Presentation	Investor Presentation

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

Put / call open interest0.72

Max pain (expiry 2026-10-27)560

Largest call open interest at600

Largest put open interest at500

Implied volatility, at the money44.2%

Underlying at snapshot528.50

Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.

Trade date	Shares sold short
2026-09-30	600
2026-09-29	4,050

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

High low price variation greater than 75perc in previous 3 months

Quick answers

What is the market cap of Kalyan Jewellers India Ltd?

Kalyan Jewellers India Ltd (KALYANKJIL) has a market capitalisation of Rs 58,748 Cr. at the 2026-10-01 close.

What is the P/E ratio of Kalyan Jewellers India Ltd?

Kalyan Jewellers India Ltd trades at a P/E of 40.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Kalyan Jewellers India Ltd's latest quarterly results?

In the Jun 2026 quarter, Kalyan Jewellers India Ltd sales was Rs 10,589 Cr (+45.7% vs Jun 2025) and net profit was Rs 349 Cr.

What is the 52-week high and low of Kalyan Jewellers India Ltd?

The 52-week high is Rs 648.95 and the 52-week low is Rs 327.05.