Financials Kalyan Jewellers India Limited Bombay S.E.

Equities

KALYANKJIL

INE303R01014

Apparel & Accessories Retailers

Market Closed - Bombay S.E. 06:00:49 2024-04-26 am EDT 5-day change 1st Jan Change
418.6 INR +0.19% Intraday chart for Kalyan Jewellers India Limited +2.57% +18.11%

Valuation

Fiscal Period: March 2021 2022 2023 2024 2025 2026
Capitalization 1 70,147 60,516 108,516 432,004 - -
Enterprise Value (EV) 1 70,147 93,037 141,652 442,885 437,753 430,715
P/E ratio -973 x 26.9 x 25.1 x 67.8 x 47.8 x 34.8 x
Yield - - 0.47% 0.21% 0.37% 0.5%
Capitalization / Revenue 0.82 x 0.56 x 0.77 x 2.33 x 1.79 x 1.42 x
EV / Revenue 0.82 x 0.86 x 1.01 x 2.39 x 1.81 x 1.42 x
EV / EBITDA 11.8 x 11.4 x 12.7 x 33.1 x 25.9 x 20.4 x
EV / FCF 12.1 x 60.5 x 17.1 x 90.8 x 34.1 x 22 x
FCF Yield 8.28% 1.65% 5.83% 1.1% 2.94% 4.55%
Price to Book 2.48 x 1.93 x 2.99 x 10.2 x 8.43 x 6.82 x
Nbr of stocks (in thousands) 1,030,053 1,030,053 1,030,053 1,030,053 - -
Reference price 2 68.10 58.75 105.4 419.4 419.4 419.4
Announcement Date 5/27/21 5/11/22 5/15/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026
Net sales 1 101,009 85,733 108,179 140,714 185,495 241,274 303,326
EBITDA 1 - 5,943 8,145 11,140 13,376 16,894 21,082
EBIT 1 - - 5,829 8,694 10,618 14,004 17,913
Operating Margin - - 5.39% 6.18% 5.72% 5.8% 5.91%
Earnings before Tax (EBT) 1 - 393.6 2,989 5,715 8,544 12,213 16,757
Net income 1 - -63.04 2,242 4,331 6,465 9,263 12,707
Net margin - -0.07% 2.07% 3.08% 3.49% 3.84% 4.19%
EPS 2 - -0.0700 2.180 4.200 6.190 8.775 12.05
Free Cash Flow 1 - 5,810 1,537 8,263 4,877 12,854 19,594
FCF margin - 6.78% 1.42% 5.87% 2.63% 5.33% 6.46%
FCF Conversion (EBITDA) - 97.77% 18.87% 74.17% 36.46% 76.08% 92.94%
FCF Conversion (Net income) - - 68.57% 190.77% 75.44% 138.77% 154.2%
Dividend per Share 2 - - - 0.5000 0.8942 1.555 2.104
Announcement Date 8/25/20 5/27/21 5/11/22 5/15/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Maart 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
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
EBITDA 1 - 2,281 2,992 2,184 2,642 2,661 3,270 2,567 3,229 3,146 3,807 3,142
EBIT - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - 1,404 - - - 1,823 2,540 1,890
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
Net margin - 2.38% 3.92% 2.53% 3.24% 3.06% 3.83% 2.07% 3.29% 3.18% 3.73% 3.14%
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: Maart 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 32,521 33,136 10,881 5,748 -
Net Cash position 1 - - - - - - 1,289
Leverage (Debt/EBITDA) - - 3.993 x 2.974 x 0.8135 x 0.3403 x -
Free Cash Flow 1 - 5,810 1,537 8,263 4,877 12,854 19,595
ROE (net income / shareholders' equity) - -0.25% 7.52% 12.8% 15.5% 18.8% 21.4%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 - 27.40 30.50 35.30 41.20 49.80 61.50
Cash Flow per Share 2 - - - 9.840 10.90 11.80 14.40
Capex 1 - - 913 1,871 2,259 1,779 1,648
Capex / Sales - - 0.84% 1.33% 1.22% 0.74% 0.54%
Announcement Date 8/25/20 5/27/21 5/11/22 5/15/23 - - -
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
6
Last Close Price
419.4 INR
Average target price
462.8 INR
Spread / Average Target
+10.36%
Consensus

Quarterly revenue - Rate of surprise

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