KALYAN JEWELLERS

INDIA LIMITED

Bipin kumar Riya singh

Khyati Tiwari Ujjwal Kaushal
Kunal Kumar Singh Upadhyay Parul Prafullanjan
Nitin Kishore Dubey
Company CEO (T,S Kalyanaraman)

● KALYAN JEWELLERS AND KALYAN

Highlights DEVELOPERS , KERALA
● 1993 - PRESENT

Whole - Time Director (T.S Seetharam, T.K

Ramesh)

● KALYAN JEWELLERS , KERALA

● 1993 - PRESENT

Non - Executive Director ( Mr. Salil Nair)

● 29 MAY 2020 - PRESENT

Riya Singh
Fp21-043@jkbschool.org
 Registered
office details
Corporate Office, T C-32/204/2,

Sitaram Mill Road/ Premji Road,

Punkunnam , Thrissur - KERALA

LISTING AT :
NSE , BSE

➢ BSE - 75.10 (0.00%)

➢ NSE - 75.00 (-0.13%)

IPO PRICE : Riya Singh

Fp21-043@jkbschool.org
Rs. 86 to 87 per equity share
COMPANY DETAILS
● Kalyan Jewellers is an Indian chain of jewellery showrooms.
● Founded in 1993 (28 years ago) , by T.S Kalyanaraman.
● The company open its initial public offering on 16 March 2021.
● It has presence across major cities in the country and in West
Asia with a workforce strength of over 8,000 employees.

Riya Singh
Fp21-043@jkbschool.org
Details About the Last IPO

IPO Opening Date March 16th, 2021

IPO Closing Date March 18th, 2021

Issue Type Book Built Issue IPO

Face Value ₹10 per equity share

IPO Price ₹86 to ₹87 per equity share

Market Lot 172 Shares

Minimum Order Quantity 172 Shares

Listed At BSE, NSE

Issue Size ₹1175.00 Cr.

Employee Discount 8 Khyati Tiwari

fp21-071@jkbschool.org
BUSINESS MODEL

Ujjwal Kaushal
fp21-076@jkbschool.org
 INDUSTRY OUTLOOK
Kalyan Jewellers recently said that consumer demand is increased by nearly 60%
in fourth quarter.
•Kalyan Jewellers said it believes a significant driver of its recent revenue
growth momentum in India has been meaningful shift in consumer demand from
the unorganised to the organised segment.
•Revenue growth for the first two months of the quarter (January and February)
was approximately 35%. While growth in march was significantly higher, skewed
by the loss of sales in previous year due to covid19 pandemic.
•For Q4 FY 21, our Middle East Business witnessed a decline in revenue of
approximately 20% over Q4 FY 20.
••In March 2021, Kalyan Jewellers completed its initial Public Offering(IPO) and
raised approximately Rs 800 crore. Bipin Kumar
Fp21-046@jkbschool.org
 Kunal Kumar Singh

Figures fp21-033@jkbschool.org
 Kunal Kumar Singh
fp21-033@jkbschool.org
Theoretical Value of share VS Current market price

Kalyan Jewellers share price opened at : 75.00

Kalyan Jewellers share price closed at :75.00

Kalyan Jewellers share price made a High of :

75.90
Nitin Kishor Dubey
Kalyan Jewellers share price made a low of : 74.80 Fp21-
Valuations
Kalyan Jewellers is among the trusted jewellers and has
endeavored to establish a strong brand that its
customers associate with trust and transparency. Kalyan
Jewellers Valuation: At the higher price band of Rs 87
per share, KJL is valued at 51.7X FY23 earnings.

Nitin Kishor Dubey

Fp21-092@jkbschool.org
Strength

● Strong Annual EPS Growth

● Book Value per share and Annual Net Profits Improving for last 2 years
● Company with Zero Promoter Pledge
● Effectively using Shareholders fund - Return on equity (ROE) improving
since last 2 year
● Rising Net Cash Flow and Cash from Operating activity

Khyati Tiwari
fp21-071@jkbschool.org
 Weakness
● New 52 week Low,
● Poor cash generated from core business- Declining Cash Flow from
Operations for last 2 years,
● Bearish Stock – Stocks with Medium to Low Trendlyne Momentum,
● Lowest Momentum Scores( Technical Scores),
● High Interest Payment Compared to Earnings,
● Declining Revenue every quarter for the past 2 quarters.

Khyati Tiwari
fp21-071@jkbschool.org
 WHY SHOULD YOU INVEST ?
Kalyan Jewellers India Limited is one of largest Jewellery companies
in India. Kalyan Jewellers has a significant offline presence in India.
Company revenues are fluctuating and declining.
It has incurred losses for FY 2019 and for 9 months ended Dec-2020.
Kalyan Jewellers IPO price is fully priced.
I would recommend investors to avoid this IPO considering all these
negative factors. I would not get surprised if investors would still
apply for this IPO in this bull run.
Ujjwal Kaushal
Fp21-076@jkbschool.org
THANK YOU