KALYANKJIL · NSE
Kalyan Jewellers India Limited
₹581.85
+0.07% (+₹0.4)
Prev. close
₹581.45
Volume
53,79,085
Delivery %
46.0%
As of
18 Sept 2026
Price history
ICICI Securities Analysis · ICICI Securities · 08 Jul 2026
“Assigned a Buy rating to Kalyan Jewellers with a target price of ₹670, indicating an 89% upside. This positive outlook is likely driven by the company's strong Q1FY27 consolidated revenue growth of 38% year-on-year and its expanding retail network.”
Published mid-session at 12:35 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
8 analyst stances · last 90 days · one per analyst
Trackable
6 · 6 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
2 · 2 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “UBS initiated coverage on Kalyan Jewellers with a 'Buy' rating and a target price of ₹900, implying a nearly 50% upside …” | UBS AnalysisUBS | Kalyan Jewellers India Limited | PENDING | ||||
| “Bullish on Kalyan Jewellers, retaining a Buy rating with a target price of ₹770 per share. The company is well-positione…” | Nihal Mahesh Jham, Pratik Gothi and Nupur VyasHSBC Global Investment Research | Kalyan Jewellers India Ltd | PENDING | ||||
| “Bullish on Kalyan Jewellers with a 'buy' rating and a target price of ₹800, indicating a 34.2% upside. The company is we…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Kalyan Jewellers | PENDING | ||||
| “Kalyan Jewellers is rated 'Strong Buy' by 9 analysts, with an average target price of Rs 666 from its current Rs 476, in…” | Trendlyne AnalysisTrendlyne | Kalyan Jewellers | PENDING | ||||
| “Assigned a Buy rating to Kalyan Jewellers with a target price of ₹670, indicating an 89% upside. This positive outlook i…” | ICICI Securities AnalysisICICI Securities | Kalyan Jewellers | PENDING | ||||
“Assigned a Buy rating to Kalyan Jewellers with a target price of ₹670, indicating an 89% upside. This positive outlook is likely driven by the company's strong Q1FY27 consolidated revenue growth of 38% year-on-year and its expanding retail network.” This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded. | |||||||
| “Kalyan Jewellers is rated a 'Strong Buy' with an average analyst target price of ₹664, suggesting a potential upside of …” | ETMarkets AnalysisETMarkets.com | Kalyan Jewellers | PENDING | ||||
Market commentary · 2 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Kalyan Jewellers for the short to medium term, with potential to rise towards 600 and higher. The stock's ral…” | Rupak DeLKP Securities | Kalyan Jewellers | NOT GRADED | |
| “Outright bullish on Kalyan Jewellers, suggesting the stock could double to ₹750. The brokerage expects the company's fra…” | Citi AnalysisCitigroup Inc. | Kalyan Jewellers | NOT GRADED |
Fundamentals
About Kalyan Jewellers India Limited
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, necklaces, bangles, bracelets, nose studs, choker, jewelry, and moti sets, daily wear, vaddanam, rings, earrings, pendants, anklets, pearls, studs, jhumka, lockets, harams, kadas, payals, and second studs. It offers its products under MUDHRA, NIMAH, ANOKHI, RANG, TEJASVI, ZIAH, LAYA, GLO, CANDERE, VEDHA, APOORVA, HERA, and MUHURAT brand names. Further, it sells its products through an online platform, candere.com. Kalyan Jewellers India Limited was founded in 1993 and is headquartered in Thrissur, India.
Details
Sector
Consumer Cyclical
Industry
Luxury Goods
CEO
Mr. Sanjay Raghuraman
Headquarters
Thrissur
Employees
14,668
Website
kalyanjewellers.netExchange
View on NSE ↗Key stats
Market cap
₹60,049.31 Cr
P/E ratio (TTM)
41.8
Dividend yield
0.43%
EPS (TTM)
₹13.90
Beta (1Y · daily vs NIFTY 50)
1.50
Beta (5Y · monthly vs NIFTY 50)
1.30
Shares float
36.51 Cr
EPS · quarter ended Jun 2026
₹3.37
Financial Performance
01 · Financials
FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹8,573.31 Cr | ₹10,817.93 Cr | ₹14,071.45 Cr | ₹18,548.29 Cr | ₹25,045.07 Cr | ₹35,742.86 Cr | |
| EBITDA | ₹639.68 Cr | ₹852.80 Cr | ₹1,118.67 Cr | ₹1,386.37 Cr | ₹1,661.78 Cr | ₹2,657.72 Cr |
| ₹-6.00 Cr | ₹224.21 Cr | ₹433.11 Cr | ₹597.35 Cr | ₹714.80 Cr | ₹1,350.40 Cr | |
| Diluted EPS | ₹-0.07 | ₹2.18 | ₹4.2 | ₹5.8 | ₹6.93 | ₹13.05 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹8,865.00 Cr | ₹8,945.00 Cr | ₹10,713.00 Cr | ₹12,818.00 Cr | ₹15,126.00 Cr | ₹20,717.00 Cr | |
| — | — | ₹4,295.49 Cr | ₹4,494.95 Cr | ₹4,959.36 Cr | ₹6,117.34 Cr | |
| Stockholders' equity | ₹2,826.00 Cr | ₹3,137.00 Cr | ₹3,635.00 Cr | ₹4,189.00 Cr | ₹4,803.00 Cr | ₹6,309.00 Cr |
Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹629.00 Cr | ₹245.00 Cr | ₹1,013.00 Cr | ₹1,322.00 Cr | ₹1,209.00 Cr | ₹1,318.00 Cr | |
| Investing cash flow | ₹-217.28 Cr | ₹63.57 Cr | ₹-383.90 Cr | ₹-137.94 Cr | ₹-176.55 Cr | ₹-117.51 Cr |
| ₹-208.00 Cr | ₹-524.00 Cr | ₹-638.00 Cr | ₹-1,148.00 Cr | ₹-840.00 Cr | ₹-1,264.00 Cr | |
| Capital expenditure | ₹-48.00 Cr | ₹-91.00 Cr | ₹-187.00 Cr | ₹-371.00 Cr | ₹-465.00 Cr | ₹-406.00 Cr |
| End cash position | ₹364.86 Cr | ₹149.02 Cr | ₹140.91 Cr | ₹177.71 Cr | ₹370.33 Cr | ₹306.60 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Dec 22(6Q) | Mar 23–Dec 23(4Q) | Mar 24 | Jun 24 | Sep 24 | Dec 24–Mar 25(2Q) | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 60.54% | 60.55% | 60.63% | 60.59% | 62.90% | 62.85% | 62.82% | 62.78% | 62.76% | 62.87% | 62.86% |
| Public | 39.46% | 39.45% | 39.37% | 39.41% | 37.10% | 37.15% | 37.18% | 37.22% | 37.24% | 37.13% | 37.14% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Consumer Cyclical
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Titan Company Limited | ₹4.36 L Cr | ₹4,841 | 75.4 | 27.74 | 32.3% | 1.95 | +44.8% | +37.4% |
| Maruti Suzuki India Limited | ₹3.88 L Cr | ₹12,103 | 27.0 | 3.62 | 13.7% | 0.00 | +20.1% | -23.5% |
| Mahindra & Mahindra Limited | ₹3.69 L Cr | ₹3,076.5 | 18.7 | 3.96 | 18.4% | 1.44 | +24.1% | -15.3% |
| Bajaj Auto Limited | ₹3.18 L Cr | ₹11,500 | 27.6 | 8.20 | 27.7% | 0.58 | +22.6% | +26.6% |
| ETERNAL LIMITED | ₹2.97 L Cr | ₹326.85 | 671.6 | 9.58 | 1.2% | 0.15 | +168.6% | -3.3% |
| Eicher Motors Limited | ₹2.06 L Cr | ₹7,516 | 35.7 | 8.20 | 22.0% | 0.02 | +23.9% | +8.5% |
| TVS Motor Company Limited | ₹1.95 L Cr | ₹4,171.3 | 55.9 | 20.38 | 31.6% | 3.43 | +29.2% | +17.6% |
| Hyundai Motor India Limited | ₹1.74 L Cr | ₹2,155 | 35.7 | 8.69 | 27.1% | 0.05 | +2.1% | -17.2% |
| Samvardhana Motherson International Limited | ₹1.70 L Cr | ₹162.57 | 38.9 | 4.16 | 9.4% | 0.47 | +11.1% | +49.2% |
| Tata Motors Limited | ₹1.63 L Cr | ₹442.9 | 37.9 | 12.81 | 23.8% | 0.44 | +44.3% | — |
| Trent Limited | ₹1.49 L Cr | ₹2,824 | 82.0 | 21.29 | 24.6% | 0.37 | +17.6% | -45.1% |
| Kalyan Jewellers India Limited | ₹60,049.31 Cr | ₹581.85 | 41.8 | 9.52 | 21.4% | 0.97 | +42.8% | +13.0% |
Ranked by market cap within Consumer Cyclical, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
34 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
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