Kalyan Jewellers India Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 7447.28 Crore) operating in Gems and Jewellery sector.
Kalyan Jewellers India Ltd. key Products/Revenue Segments include Diamonds/Gems/Jewellery and Other Operating Revenue for the year ending 31-Mar-2021.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 3340.52 Crore, up 16.45 % from last quarter Total Income of Rs 2868.52 Crore and up 103.50 % from last year same quarter Total Income of Rs 1641.50 Crore. Company reported net profit after tax of Rs 107.77 Crore in latest quarter.
The earnings estimate are largely unchanged. It models revenue and EBITDA CAGRs of 16% and 23% over FY22-FY24E. It maintains BUY with a DCF-based unchanged target price of Rs100. Key risks: delay in showroom expansion and potentially higher competitive intensity in core south India markets.
Promoters held 60.54 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.77 per cent, DIIs 1.96 per cent.
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