Shares of Kalyan Jeweller declined 8.78% to Rs 539.05 in Friday's session, making it one of the top losers on the Nifty Midcap 150. The stock's performance reflected a bearish sentiment, with the decline occurring during the trading session.
Similarly, COFORGE LTD. experienced a 5.49% decrease, settling at Rs 1,610.60, while Jindal Stainles saw its shares fall by 5.16% to Rs 687.20. Mazagon Dock shares fell 4.38% to trade at Rs 2,663.00, and Gujarat Fluoro recorded a decrease of 3.47%, with its shares priced at Rs 3,467.40.
Kalyan Jeweller Financial Highlights
The following tables summarize the key financial data for Kalyan Jeweller. The data includes both quarterly and annual results.
Consolidated Quarterly Results
| Heading | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 5,535.48 Crore | Rs 6,065.48 Crore | Rs 7,286.88 Crore | Rs 6,181.53 Crore | Rs 7,268.48 Crore |
| Net Profit | Rs 177.56 Crore | Rs 130.33 Crore | Rs 218.68 Crore | Rs 187.61 Crore | Rs 264.08 Crore |
| EPS | 1.73 | 1.27 | 2.12 | 1.82 | 2.56 |
The revenue for Kalyan Jeweller has shown an increasing trend over the quarters, with a notable rise from Rs 5,535.48 Crore in June 2024 to Rs 7,268.48 Crore in June 2025. Net profit also increased from Rs 177.56 Crore in June 2024 to Rs 264.08 Crore in June 2025.
Consolidated Yearly Results
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 8,573.31 Crore | Rs 10,817.93 Crore | Rs 14,071.45 Crore | Rs 18,548.29 Crore | Rs 25,045.07 Crore |
| Net Profit | -6.07 Crore | Rs 224.03 Crore | Rs 431.93 Crore | Rs 596.29 Crore | Rs 714.17 Crore |
| EPS | -0.07 | 2.18 | 4.20 | 5.80 | 6.93 |
| BVPS | 27.44 | 30.46 | 35.28 | 40.66 | 46.57 |
| ROE | -0.22 | 7.14 | 11.91 | 14.25 | 14.88 |
| Debt to Equity | 1.14 | 1.07 | 0.97 | 0.79 | 0.20 |
The annual results show a consistent increase in revenue from Rs 8,573.31 Crore in 2021 to Rs 25,045.07 Crore in 2025. Net profit has also grown significantly from a loss of Rs 6.07 Crore in 2021 to a profit of Rs 714.17 Crore in 2025. The debt-to-equity ratio has decreased from 1.14 in 2021 to 0.20 in 2025.
Standalone Yearly Income Statement
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | Rs 21,638 Crore | Rs 15,782 Crore | Rs 11,584 Crore | Rs 9,056 Crore | Rs 7,325 Crore |
| Other Income | Rs 148 Crore | Rs 76 Crore | Rs 42 Crore | Rs 42 Crore | Rs 52 Crore |
| Total Income | Rs 21,787 Crore | Rs 15,859 Crore | Rs 11,626 Crore | Rs 9,098 Crore | Rs 7,378 Crore |
| Total Expenditure | Rs 20,605 Crore | Rs 14,873 Crore | Rs 10,867 Crore | Rs 8,545 Crore | Rs 6,874 Crore |
| EBIT | Rs 1,181 Crore | Rs 985 Crore | Rs 759 Crore | Rs 553 Crore | Rs 503 Crore |
| Interest | Rs 249 Crore | Rs 241 Crore | Rs 234 Crore | Rs 263 Crore | Rs 316 Crore |
| Tax | Rs 243 Crore | Rs 190 Crore | Rs 135 Crore | Rs 75 Crore | Rs 49 Crore |
| Net Profit | Rs 688 Crore | Rs 554 Crore | Rs 389 Crore | Rs 214 Crore | Rs 138 Crore |
Standalone Quarterly Income Statement
| Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|
| Sales | Rs 6,142 Crore | Rs 5,350 Crore | Rs 6,392 Crore | Rs 5,226 Crore | Rs 4,687 Crore |
| Other Income | Rs 52 Crore | Rs 42 Crore | Rs 34 Crore | Rs 27 Crore | Rs 25 Crore |
| Total Income | Rs 6,194 Crore | Rs 5,392 Crore | Rs 6,427 Crore | Rs 5,254 Crore | Rs 4,712 Crore |
| Total Expenditure | Rs 5,777 Crore | Rs 5,074 Crore | Rs 6,077 Crore | Rs 5,024 Crore | Rs 4,428 Crore |
| EBIT | Rs 416 Crore | Rs 317 Crore | Rs 350 Crore | Rs 229 Crore | Rs 283 Crore |
| Interest | Rs 72 Crore | Rs 68 Crore | Rs 58 Crore | Rs 62 Crore | Rs 60 Crore |
| Tax | Rs 87 Crore | Rs 64 Crore | Rs 73 Crore | Rs 46 Crore | Rs 58 Crore |
| Net Profit | Rs 256 Crore | Rs 185 Crore | Rs 217 Crore | Rs 120 Crore | Rs 165 Crore |
Cash Flow
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 973 Crore | Rs 985 Crore | Rs 714 Crore | Rs 108 Crore | Rs 515 Crore |
| Investing Activities | -293 Crore | -116 Crore | -361 Crore | Rs 143 Crore | -309 Crore |
| Financing Activities | -513 Crore | -832 Crore | -375 Crore | -473 Crore | -22 Crore |
| Others | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore |
| Net Cash Flow | Rs 167 Crore | Rs 36 Crore | -23 Crore | -221 Crore | Rs 183 Crore |
Balance Sheet
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | Rs 1,031 Crore | Rs 1,030 Crore | Rs 1,030 Crore | Rs 1,030 Crore | Rs 1,030 Crore |
| Reserves & Surplus | Rs 3,745 Crore | Rs 3,136 Crore | Rs 2,636 Crore | Rs 2,233 Crore | Rs 1,995 Crore |
| Current Liabilities | Rs 6,640 Crore | Rs 5,790 Crore | Rs 4,870 Crore | Rs 3,917 Crore | Rs 4,238 Crore |
| Other Liabilities | Rs 1,291 Crore | Rs 970 Crore | Rs 660 Crore | Rs 575 Crore | Rs 648 Crore |
| Total Liabilities | Rs 12,709 Crore | Rs 10,928 Crore | Rs 9,197 Crore | Rs 7,755 Crore | Rs 7,912 Crore |
| Fixed Assets | Rs 1,920 Crore | Rs 1,664 Crore | Rs 1,311 Crore | Rs 1,403 Crore | Rs 1,483 Crore |
| Current Assets | Rs 8,789 Crore | Rs 7,859 Crore | Rs 6,694 Crore | Rs 5,305 Crore | Rs 5,481 Crore |
| Other Assets | Rs 1,999 Crore | Rs 1,405 Crore | Rs 1,192 Crore | Rs 1,047 Crore | Rs 946 Crore |
| Total Assets | Rs 12,709 Crore | Rs 10,928 Crore | Rs 9,197 Crore | Rs 7,755 Crore | Rs 7,912 Crore |
| Contingent Liabilities | Rs 0 Crore | Rs 1,766 Crore | Rs 1,411 Crore | Rs 1,330 Crore | Rs 1,383 Crore |
Financial Ratios
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 6.68 | 5.38 | 3.78 | 2.08 | 1.63 |
| Diluted Eps (Rs.) | 6.68 | 5.38 | 3.78 | 2.08 | 1.44 |
| Book Value /Share (Rs.) | 46.32 | 40.45 | 35.60 | 31.68 | 29.37 |
| Dividend/Share (Rs.) | 1.50 | 1.20 | 0.50 | 0.00 | 0.00 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 6.59 | 7.55 | 8.42 | 8.10 | 9.24 |
| Operating Margin (%) | 5.46 | 6.24 | 6.84 | 6.11 | 6.87 |
| Net Profit Margin (%) | 3.18 | 3.51 | 3.36 | 2.36 | 1.88 |
| Return on Equity (%) | 14.41 | 13.29 | 10.63 | 6.56 | 4.56 |
| ROCE (%) | 19.47 | 19.18 | 18.31 | 14.41 | 13.70 |
| Return On Assets (%) | 5.41 | 5.06 | 4.23 | 2.76 | 1.74 |
| Current Ratio (X) | 1.32 | 1.36 | 1.37 | 1.35 | 1.29 |
| Quick Ratio (X) | 0.18 | 0.19 | 0.20 | 0.14 | 0.26 |
| Debt to Equity (x) | 0.18 | 0.52 | 0.66 | 0.73 | 0.79 |
| Interest Coverage Ratios (X) | 5.72 | 4.93 | 4.16 | 2.78 | 2.14 |
| Asset Turnover Ratio (%) | 1.83 | 1.57 | 1.37 | 1.16 | 1.00 |
| Inventory Turnover Ratio (X) | 2.68 | 2.33 | 2.07 | 1.78 | 1.65 |
| 3 Yr CAGR Sales (%) | 54.58 | 46.78 | 21.51 | 10.27 | -5.79 |
| 3 Yr CAGR Net Profit (%) | 79.32 | 100.21 | 57.90 | 118.33 | 0.23 |
| P/E (x) | 69.95 | 79.52 | 27.87 | 28.25 | 41.78 |
| P/B (x) | 10.09 | 10.58 | 2.96 | 1.85 | 2.32 |
| EV/EBITDA (x) | 33.91 | 38.24 | 12.96 | 10.86 | 12.55 |
| P/S (x) | 2.23 | 2.79 | 0.94 | 0.67 | 0.96 |
Corporate Actions
Kalyan Jeweller announced a final dividend of Rs 1.50 per share (15%) in 2025. The announcement was made on May 8, 2025.
With the stock's last traded price at Rs 539.05, Kalyan Jeweller has seen a significant downturn in today's session, emerging as one of the top losers on the Nifty Midcap 150 index.
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