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Kalyan Jewellers India (KALYANKJIL) had a P/E of 42.6× on 6 Nov 2026, above the industry P/E of 19.6×. It earns ROCE of 27% and ROE of 24%, and sales and net profit grew 36% and 46% a year over 3 years. Its dividend yield is 0.4%, and debt is 0.97× equity. It is a mid-cap company with a market cap of ₹61,010 Cr, ranked 2nd of 82 Luxury Goods companies by market cap; the shares rose 7.2% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹558.50
Day high
₹598.30
Day low
₹552.30
Prev. close
₹560.00
Volume
2.5 Cr

Health check

3 fair · 3 to check
  • ReturnsBehind

    +7.2% over a year, better than 2 of 7 peers.

  • Price tagPricier

    P/E 42.6 vs industry 19.6.

  • GrowthSteady

    Sales +36.4%, profit +46.1% a year over 3 years.

  • ProfitabilityAverage

    ROCE 26.7% vs peer median 35.1%.

  • Balance sheetFair

    Debt 0.97× equity, interest covered 5.9×, Piotroski 7 of 9.

  • Red flags1 to check

    P/E of 42.6 against an industry P/E of 19.6.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Luxury Goods

81 listed peers. Screen the industry

Mid cap

₹61,010 Cr, #2 of 82 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹39,063 Cr · profit ₹1,435 Cr
Market cap
₹61,010 Cr
Mid cap
P/E
42.6
Industry 19.6
Price to book
9.66
Peers 6.37
Dividend yield
0.42%
ROE
24.3%
Peers 29.3%
ROCE
26.7%
Peers 35.1%
Debt to equity
0.97
Debt ₹6,117 Cr
EPS (TTM)
₹13.87
Face value ₹10
OPM (TTM)
6.7%
Net margin 3.7%
Sales growth
+45.7%
Latest quarter vs a year ago
Profit growth
+32.0%
Latest quarter vs a year ago
Price to sales
1.56
EV/EBITDA 27.9

Strengths and risks

Strengths

  • Return on equity of 24.3%.
  • Return on capital employed of 26.7%.
  • Quarterly profit up 32.0% on a year ago.
  • Quarterly sales up 45.7% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 42.6 against an industry P/E of 19.6.

Derived automatically from reported figures. Not a recommendation.

About Kalyan Jewellers India

Kalyan Jewellers India Limited, together with its subsidiaries, engages in the manufacture and retail of various gold and precious stone studded jewelry products in India, the Middle East, the United states of America, and United Kingdom, and internationally. It offers gold, diamond, silver, platinum, gemstone, and white and rose gold jewelry, including wedding, staple regional, aspirational, studded, and other jewelries. The company also provides chains,…

Headquarters
Thrissur
Employees
14,668
Sector
Consumer Cyclical
ISIN
INE303R01014
Website
kalyanjewellers.net

Price range

52 weeks

₹327.05₹648.95

Today

₹552.30₹598.30
Avg volume (3M)
74 L
1-year return
plus 7.2%
From 52-week high
minus 9.0%

Analyst consensus

10 analysts
Strong buyMean target ₹768.20 plus 30.0%

Target range, with today’s price

Low ₹600.00High ₹900.00

Today’s price ₹590.75 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Luxury Goods

Compare with peersScreen the whole industry
Company
TITANTitan Company5,000.00plus 3.42%4,43,65663.124.3038.4%37.1%11.6%29.2%16.0%0.30%plus 26.8%
KALYANKJILKalyan Jewellers India590.75plus 5.49%61,01042.69.6626.7%24.3%6.7%36.4%46.1%0.42%plus 7.2%
LALITHAALalithaa Jewellery Mart373.50plus 0.50%20,90521.96.3746.1%41.6%5.7%23.4%61.8%0.00%plus 50.3%
PCJEWELLERPC Jeweller15.77plus 1.35%15,46717.11.6510.3%10.8%24.6%10.7%–0.00%plus 29.0%
SKYGOLDSKY GOLD AND DIAMONDS951.95plus 0.31%14,74337.310.4935.9%33.0%7.5%76.0%145.4%0.00%plus 164.3%
THANGAMAYLThangamayil Jewellery4,148.20minus 4.32%12,89332.98.5734.2%29.3%6.5%39.2%64.0%0.43%plus 42.6%
BLUESTONEBlueStone Jewellery and Lifestyle710.85minus 2.09%10,867102.65.927.7%5.8%17.0%46.8%–0.00%plus 2.0%
PNGJLP N Gadgil Jewellers589.60minus 1.88%8,67916.62.87–21.4%6.5%33.6%76.7%0.00%minus 9.7%
Median of 7 peers–0.31%14,74332.96.3735.1%29.3%7.5%33.6%64.0%0.00%29.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
7,2687,85610,34310,27510,589
6,7607,3599,5939,5399,956
508497750736633
7.0%6.3%7.3%7.2%6.0%
46.351.464.246.255.7
10494.9104130108
97.7103109113115
––−41.5––
353350560539465
25.2%25.6%25.7%24.0%25.0%
264261416410349
2.562.524.033.953.37

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+36.4%
Profit CAGR 3Y
+46.1%
EPS CAGR 3Y
+45.9%
ROE
24.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
14,02518,47324,94635,616
–+31.7%+35.0%+42.8%
12,88717,14323,36233,019
1,1381,3291,5832,597
8.1%7.2%6.3%7.3%
−19.63.913.912.6
287307343371
245274343423
−15.937.147.6−13.6
5727899601,802
24.4%24.4%25.6%25.1%
4335977151,350
–+37.9%+19.7%+88.9%
4.205.806.9313.05

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,0301,0301,0311,033
2,6053,1593,7725,276
4,2954,4954,9596,117
2,7834,1345,3638,291
10,71312,81815,12620,717
1,8522,2782,8543,318
2048.576.474.4
4.44.45.35.5
141178370307
8,69610,30911,82017,012
10,71312,81815,12620,717

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,0131,3221,2091,318
−384−137−177−118
−638−1,148−840−1,264
−8.136.8193−63.7
−187−371−465−406
826950745911
–−51.5−124−152

Shareholding pattern

Source: NSE filings
62.9%
promoters
  • Promoters62.85%
  • Public37.15%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202662.85%37.15%minus 0.01
30 Jun 202662.86%37.14%minus 0.01
31 Mar 202662.87%37.13%plus 0.11
31 Dec 202562.76%37.24%minus 0.02
30 Sep 202562.78%37.22%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you