Kalyan Jewellers IND Ltd
NSE: KALYANKJIL · Gems, Jewellery And Watches · sector
₹504.80NSE close 2026-10-26
Key numbers
Market cap₹52,133 cr
Price₹504.80
52w high / low₹649 / ₹327
P/E36.3xSector median 16.4x
P/B8.3xSector median 1.9x
Book value₹61.1
Dividend yield0.30%Sector median 0.46%
ROE25.8%Sector median 14.7%
ROCE34.4%Sector median 15.0%
OPM6.6%Sector median 6.6%
Debt / equity0.08xSector median 0.26x
EV/EBITDA20.1xSector median 15.4x
Interest cover5.4x
Current ratio1.30x
Sales growth 3y+36.4%Sector median +25.6%
Profit growth 3y+46.1%Sector median +26.1%
PEG0.79x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹861 cr vs borrowings ₹524 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹1,655 cr → ₹524 cr).
- Operating profit covered interest 5.4x in the last 12 months.
- 24.85% of the promoters' shares are pledged (15.6% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 15% of net profit in the last 12 months.
- Dividend paid in 3 of the last 5 financial years.
- Price ₹504.80 on 2026-10-26: -22.2% from the 52-week high, +54.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹777.80 · low ₹346.10
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,065 | 7,287 | 6,182 | 7,268 | 7,856 | 10,343 | 10,275 | 10,589 |
| EBITDA | 327 | 439 | 399 | 508 | 497 | 709 | 736 | 633 |
| OPM % | 5.4% | 6.0% | 6.5% | 7.0% | 6.3% | 6.9% | 7.2% | 6.0% |
| Other income | 26 | 31 | 41 | 46 | 51 | 64 | 46 | 56 |
| Net profit | 131 | 219 | 188 | 264 | 261 | 416 | 410 | 349 |
| EPS (₹) | 1.27 | 2.12 | 1.82 | 2.56 | 2.52 | 4.03 | 3.97 | 3.38 |
| Revenue YoY | +29.5% | +41.9% | +66.2% | +45.7% | ||||
| Profit YoY | +99.5% | +90.2% | +118.3% | +32.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 10,818 | 14,071 | 18,548 | 25,045 | 35,743 | 39,063 |
| EBITDA | 814 | 1,081 | 1,313 | 1,517 | 2,450 | 2,574 |
| Net profit | 224 | 433 | 597 | 715 | 1,350 | 1,435 |
| EPS (₹) | 2.18 | 4.20 | 5.80 | 6.93 | 13.08 | 13.90 |
| Revenue growth | +30.1% | +31.8% | +35.0% | +42.7% | +45.8% | |
| Profit growth | +93.2% | +37.9% | +19.7% | +88.9% | +79.1% | |
| Dividend / share (₹) | – | – | 0.50 | 1.20 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +36.4% | +33.0% | +45.7% |
| Net profit | +46.1% | – | +79.1% |
| EPS | +46.0% | – | – |
| Share price | – | -11.1% (2y) | +13.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,635 | 4,189 | 4,804 | 6,309 |
| Borrowings | – | 1,655 | 1,064 | 950 | 524 |
| Cash & equivalents | – | 982 | 975 | 1,031 | 861 |
| Total assets | – | 10,713 | 12,818 | 15,126 | 20,717 |
| Fixed assets | – | 874 | 1,090 | 1,306 | 1,498 |
| Capital work in progress | – | 20 | 48 | 8 | 18 |
| Investments | – | 4 | 4 | 5 | 6 |
| Receivables | – | 244 | 328 | 400 | 867 |
| Inventory | – | 7,014 | 8,298 | 9,681 | 14,175 |
| Payables | – | 1,193 | 1,944 | 2,350 | 3,360 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 245 | 1,013 | 1,323 | 1,209 | 1,318 |
| Cash from investing | 64 | -384 | -138 | -177 | -118 |
| Cash from financing | -524 | -638 | -1,148 | -840 | -1,264 |
| Capex | 91 | 187 | 371 | 465 | 406 |
| Free cash flow | 154 | 826 | 951 | 745 | 911 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 11.9% | 14.3% | 14.9% | 21.4% |
| ROCE % | – | 16.5% | 21.2% | 22.9% | 32.7% |
| Debtor days | – | 6 | 6 | 6 | 9 |
| Inventory days | – | 216 | 191 | 162 | 167 |
| Payable days | – | 37 | 45 | 39 | 40 |
| Cash conversion cycle (days) | – | 185 | 152 | 129 | 136 |
| Working capital days | – | 52 | 44 | 38 | 38 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 62.85% |
| FIIs | 13.83% |
| DIIs | 14.41% |
| of which Mutual funds | 13.60% |
| of which Insurance | 0.06% |
| Government | 0.00% |
| Public (non-institutions) | 8.91% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 62.85% | 62.85% | 62.82% | 62.78% | 62.76% | 62.87% | 62.86% | 62.85% |
| Promoter group | % |
|---|---|
| Kalyanaraman T S | 22.37% |
| Seetharam T K | 18.02% |
| T K Ramesh | 18.02% |
| Kjg Consulting Private Limited | 2.35% |
| Karthik Ramani | 1.20% |
| Radhika Thrikur Kalyanaraman | 0.71% |
| T A Sethuraman | 0.02% |
| Dhanya Manoj | 0.02% |
| Hariharan Divya | 0.02% |
| T B Seetharamji | 0.02% |
| Trikkoor Seetharama Iyer Balaraman | 0.02% |
| Geethalakshmi T S | 0.02% |
| Pooja Krishnan | 0.02% |
| T A Sreeram | 0.01% |
| Thrikkur Seetharama Iyer Anantharaman | 0.01% |
| Public holders above 1% | % |
|---|---|
| Motilal Oswal Midcap Fund | 8.49% |
| Bofa Securities Europe Sa - Odi | 1.68% |
| Franklin India Mid Cap Fund | 1.45% |
| Sundaram Mutual Fund A/C Sundaram Mid Cap Fund | 1.26% |
| New World Fund Inc | 1.03% |
| Smallcap World Fund, Inc | 1.00% |
6,75,400 shareholders. Pledged: 24.85% of promoter shares.
Peers in Gems, Jewellery And Watches
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TITAN | ₹3,83,796 cr | 66.9x | 24.4x | 42.2% | 33.3% | 10.1% | +29.2% | 0.25% |
| KALYANKJIL | ₹52,133 cr | 36.3x | 8.3x | 25.8% | 34.4% | 6.6% | +36.4% | 0.30% |
| LALITHAA | ₹17,374 cr | – | – | – | – | – | – | – |
| PCJEWELLER | ₹16,193 cr | 16.0x | 1.7x | 10.8% | 10.3% | 24.5% | +10.7% | – |
| SKYGOLD | ₹14,535 cr | 43.3x | 12.1x | 35.6% | 26.4% | 7.2% | +76.0% | – |
| THANGAMAYL | ₹14,404 cr | 36.8x | 10.2x | 31.1% | 26.3% | 6.4% | +39.2% | 0.27% |
| BLUESTONE | ₹11,583 cr | 110.7x | 6.3x | 6.0% | 11.9% | 17.0% | – | – |
| PNGJL | ₹7,558 cr | 17.0x | 3.9x | 25.4% | 19.9% | 5.8% | – | – |
| ETHOSLTD | ₹6,486 cr | 62.2x | 4.4x | 8.4% | 12.0% | 12.8% | +26.9% | – |
| TIMEX | ₹6,364 cr | 75.0x | 57.2x | 87.9% | 86.1% | 14.4% | +27.7% | 0.37% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-09-04 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-08-09 | Dividend | Annual General Meeting/Dividend - Rs 1.20 Per Share |
| 2023-08-04 | Dividend | Annual General Meeting/Dividend - Rs 0.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing*: Manufacturing and sale of jewellery metals, bullion gold, ornaments, silver, diamonds, coins, metals, precious stones etc
| Sector | Consumer Discretionary |
| Industry | Gems, Jewellery And Watches |
| Sub-industry | Gems, Jewellery And Watches |
| Symbol | KALYANKJIL |
| BSE code | 543278 |
| ISIN | INE303R01014 |
| Face value | ₹10.0 |
| Incorporated | 2009-01-29 |
| Website | http://www.kalyanjewellers.net |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.