Kalyan Jewelers India (NSE: KALYANKJIL) Share: Today, in this post we’ll discuss about Kalyan Jewelers latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
During the last trading we saw a rise in the Kalyan Jewelers share. Shares of Kalyan Jewelers India (KJIL) rose 3 percent to a new high of Rs 427.85 on the BSE in intraday trade on the last trading day.
This rise in the company’s shares has come from the expectation of an increase in income in the future.
The stock surpassed its previous high of Rs. 419, which was reached on March 2.
KJIL’s market price has surged more than four times or 305 percent from the Rs 105.65 level amid strong financial performance in the last 10 months.
In comparison, the S&P BSE Sensex rose 17.4 percent during the same period.
What Are The Details?
The company’s shares moved into positive territory after India Ratings & Research upgraded the jeweler’s long and short debt ratings to ‘IND A+’.
Kalyan Jewelers has seen an increase in demand in the new stores. Management plans to sell non-core assets and convert some company-owned showrooms into franchises.
Let us tell you that in both FY23 and 9MFY24, consolidated revenues grew by 30 percent year-on-year.
Kalyan’s share of consolidated revenue in the south fell to 51 percent in FY23, and 44 percent in 9MFY24. This shows the company’s expansion into non-south states. The rating agency stated.
According to the note, Kalyan appointed celebrities as brand representatives to increase market share.
The IPO Came In 2021
Let us tell you that the shares of Kalyan Jewelers was listed on March 26, 2021, at ₹75.3 per share compared to the price band of ₹87.
Despite a challenging year, the stock returned 85% in CY22. This momentum continued through CY23, as it climbed 180% during this period.
As per the current price of the stock, it has gained 425% from its listing price and 355% from the IPO price.
About Kalyan Jewellers India Ltd
Kalyan Jewellers India Limited, a jewelry retailer based in India, offers gold, diamonds, pearls, white gold, and gemstone jewelry, as well as platinum, silver, and platinum-plated jewelry.
The company’s products include rings, chains, necklaces and earrings, bracelets, and bangles in gold, white gold, platinum, and silver.
My Kalyan offers a variety of services, including jewelry advance schemes, insurance for gold, wedding planning, booking purchases in advance to avoid price increases, gift vouchers, and gold purchasing tips.
Around 150 retail outlets are located in India and the Middle East.
Fundamental Analysis of Kalyan Jewellers India Ltd
| Market Cap | ₹ 44,066 Cr. |
| Current Price | ₹ 428 |
| 52-wk High | ₹ 439 |
| 52-wk Low | ₹101 |
| Stock P/E | 80.1 |
| Book Value | ₹ 37.4 |
| Dividend | 0.12 % |
| ROCE | 12.7 % |
| ROE | 13.5 % |
| Face Value | ₹ 10.0 |
| P/B Value | 11.4 |
| OPM | 7.26 % |
| EPS | ₹ 5.14 |
| Debt | ₹ 2,522 Cr. |
| Debt to Equity | 0.65 |
Kalyan Jewellers India Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹430 | ₹455 |
| 2025 | ₹460 | ₹478 |
| 2026 | ₹500 | ₹568 |
| 2027 | ₹570 | ₹621 |
| 2028 | ₹622 | ₹635 |
| 2029 | ₹640 | ₹655 |
| 2030 | ₹660 | ₹670 |
Kalyan Jewellers India Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 60.54% |
| Mar 2023 | 60.55% |
| June 2023 | 60.55% |
| Sept 2023 | 60.55% |
| Dec 2023 | 60.55% |
| FII Holding | |
| Dec 2022 | 28.72% |
| Mar 2023 | 29.65% |
| June 2023 | 27.09% |
| Sept 2023 | 26.56% |
| Dec 2023 | 26.21% |
| DII Holding | |
| Dec 2022 | 2.89% |
| Mar 2023 | 2.63% |
| June 2023 | 5.17% |
| Sept 2023 | 4.86% |
| Dec 2023 | 5.48% |
| Public Holding | |
| Dec 2022 | 7.84% |
| Mar 2023 | 7.17% |
| June 2023 | 7.20% |
| Sept 2023 | 8.03% |
| Dec 2023 | 7.75% |
Kalyan Jewellers India Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹9,771 Cr |
| 2020 | ₹10,101 Cr |
| 2021 | ₹8,573 Cr |
| 2022 | ₹10,818 Cr |
| 2023 | ₹17,395 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹-5 Cr |
| 2020 | ₹142 Cr |
| 2021 | ₹-6 Cr |
| 2022 | ₹224 Cr |
| 2023 | ₹529 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.29 |
| 2020 | 1.23 |
| 2021 | 0.79 |
| 2022 | 0.73 |
| 2023 | 0.66 |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | 30% |
| 3 Years: | 48% |
| Current Year: | 27% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | – |
| 5 Years: | 6% |
| 3 Years: | 8% |
| Last Year: | 13% |
Sales Growth Over 10 Years:
| 10 Years: | – |
| 5 Years: | 6% |
| 3 Years: | 12% |
| Current Year: | 28% |
Conclusion
This article is a complete guide about Kalyan Jewellers India Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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