Financials Kalyan Jewellers India Limited

Equities

KALYANKJIL

INE303R01014

Apparel & Accessories Retailers

Market Closed - NSE India S.E. 07:43:54 2024-07-12 am EDT 5-day change 1st Jan Change
505.2 INR +0.40% Intraday chart for Kalyan Jewellers India Limited +2.01% +42.69%

Valuation

Fiscal Period: März 2021 2022 2023 2024 2025 2026
Capitalization 1 70,147 60,516 108,516 520,717 - -
Enterprise Value (EV) 1 70,147 93,037 141,652 475,769 523,482 515,393
P/E ratio -973 x 26.9 x 25.1 x 73.8 x 58.3 x 41.9 x
Yield - - 0.47% 0.28% 0.38% 0.54%
Capitalization / Revenue 0.82 x 0.56 x 0.77 x 2.38 x 2.14 x 1.66 x
EV / Revenue 0.82 x 0.86 x 1.01 x 2.57 x 2.15 x 1.65 x
EV / EBITDA 11.8 x 11.4 x 12.7 x 36.2 x 31.3 x 24.5 x
EV / FCF 12.1 x 60.5 x 17.1 x 50 x 41.3 x 29.5 x
FCF Yield 8.28% 1.65% 5.83% 2% 2.42% 3.39%
Price to Book 2.48 x 1.93 x 2.99 x 10.5 x 10.5 x 8.6 x
Nbr of stocks (in thousands) 1,030,053 1,030,053 1,030,053 1,030,613 - -
Reference price 2 68.10 58.75 105.4 505.2 505.2 505.2
Announcement Date 5/27/21 5/11/22 5/15/23 5/10/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2020 2021 2022 2023 2024 2025 2026
Net sales 1 101,009 85,733 108,179 140,714 185,483 243,356 312,783
EBITDA 1 - 5,943 8,145 11,140 13,127 16,745 21,005
EBIT 1 - - 5,829 8,694 10,384 13,438 17,542
Operating Margin - - 5.39% 6.18% 5.6% 5.52% 5.61%
Earnings before Tax (EBT) 1 - 393.6 2,989 5,715 7,888 12,033 16,786
Net income 1 - -63.04 2,242 4,331 5,973 9,007 12,510
Net margin - -0.07% 2.07% 3.08% 3.22% 3.7% 4%
EPS 2 - -0.0700 2.180 4.200 5.800 8.667 12.05
Free Cash Flow 1 - 5,810 1,537 8,263 9,513 12,661 17,486
FCF margin - 6.78% 1.42% 5.87% 5.13% 5.2% 5.59%
FCF Conversion (EBITDA) - 97.77% 18.87% 74.17% 72.47% 75.61% 83.25%
FCF Conversion (Net income) - - 68.57% 190.77% 159.26% 140.56% 139.78%
Dividend per Share 2 - - - 0.5000 1.200 1.929 2.706
Announcement Date 8/25/20 5/27/21 5/11/22 5/15/23 5/10/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 28,887 34,354 28,571 33,326 34,729 38,841 33,818 43,757 43,996 51,680 45,252 55,273
EBITDA 1 - 2,281 2,992 2,184 2,642 2,661 3,270 2,567 3,229 3,146 3,807 3,142 3,766
EBIT - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - 1,404 - - - 1,823 2,540 1,890 2,483
Net income 1 -513.3 687.3 1,345 723 1,079 1,064 1,487 700.9 1,439 1,398 1,928 1,420 1,843
Net margin - 2.38% 3.92% 2.53% 3.24% 3.06% 3.83% 2.07% 3.29% 3.18% 3.73% 3.14% 3.33%
EPS -0.5000 - - - - 1.030 - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 8/10/21 11/10/21 2/3/22 5/11/22 8/4/22 11/10/22 2/7/23 5/15/23 8/9/23 - - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 32,521 33,136 35,113 2,764 -
Net Cash position 1 - - - - - - 5,325
Leverage (Debt/EBITDA) - - 3.993 x 2.974 x 2.675 x 0.1651 x -
Free Cash Flow 1 - 5,810 1,537 8,263 9,513 12,661 17,487
ROE (net income / shareholders' equity) - -0.25% 7.52% 12.8% 15.3% 19.4% 22.5%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 - 27.40 30.50 35.30 40.60 48.30 58.80
Cash Flow per Share 2 - - - 9.840 12.80 17.90 15.00
Capex 1 - - 913 1,871 3,714 2,222 1,554
Capex / Sales - - 0.84% 1.33% 2% 0.91% 0.5%
Announcement Date 8/25/20 5/27/21 5/11/22 5/15/23 5/10/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
505.2 INR
Average target price
538 INR
Spread / Average Target
+6.48%
Consensus

Quarterly revenue - Rate of surprise

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