In this article, we will try to analyze the Kalyan Jewellers share price target for 2024 to 2030 based on the company’s financials and various reports from research and brokerage firms.
Table of Contents
Kalyan Jewellers was established in 1933 by T.S. Kalyanaraman in Trishul, Kerala, which is the gold capital of India. Kalyan Jewellers provides pure gold ornaments with ready-made, unique designs.
Kalyan Jewellers has a unique way of marketing; whenever they open a showroom, they call themselves the biggest celebrity in that region. Kalyan Jewellers has appointed Bollywood superstar Amitabh Bachhan as a brand ambassador. Amitabh Bachhan. Recently, Kalyan Jewellers has completed 200 showrooms all over India.
Recent News
Kalyan Jewellers grabbed 46th position in the Deloitte global luxury goods list in 2023. Four other jewellery making company also got place in this list from India.
Kalyan Jewellers chairman Mr. T S Kalyanaraman was in headlines because a days back he purchased 3 luxurious vehicle Rolls-Royce valued at over Rs 25 crore.
Stock Performance
Kalyan Jewellers has delivered compound sales growth with a 12% CAGR in the last 3 years.
Kalyan Jewellers has delivered compound profit growth with a 48% CAGR in the last 3 years.
Kalyan Jewellers has delivered a stock price with a 222% CAGR in the last year.
Kalyan Jewellers has delivered a return on equity of 13% CAGR in the last year.
Kalyan Jewellers has been maintaining a dividend payout of 0.14%.
Company overview-
Kalyan Jewellers is celebrating 200 showrooms in India. Kalyan Jewellers was listed on the stock market on March 26, 1021, at a price of 69.90. Till now, Kalyan Jewellers has given 173.70% returns to investors. Kalyan Jewelers has a market cap of Rs 18695 crore, a revenue of Rs 14071 crore, and a profit of Rs 433 crore in FY 23.
Kalyan Jewellers is spread across India and the Middle East with over 200 showrooms. In India kalyan Jewellers has strong pressence across 21 states and Union territories covering all major cities. Kalyan Jewellers has spread across UAE, Qatar, Kuwait and Oman.
Fundamentals-
| Market Cap | 77,348 Cr |
| P/E Ratio | 122.56 |
| Industry P/E | 89.99 |
| Debt to Equity | 1.07 |
| Return on Equity | 14.26% |
| Dividend Yield | 0.16% |
Net profit margin:
| Year | Revenue | Profit |
|---|---|---|
| 2024 | 18,622 | 596 |
| 2023 | 14,109 | 432 |
| 2022 | 10,856 | 224 |
| 2021 | 8,619 | -6 |
| 2020 | 10,181 | 142 |
| 2019 | 9,814 | -5 |
Share the holding pattern:
Mutual fund houses and Domestic Institution has increased their stake in Kalyan Jewellers. While Retails participation has down significantly.
| Jun’24 | Mar’24 | Dec’23 | Sep’23 | Jun’23 | Mar’23 | Dec’22 | |
|---|---|---|---|---|---|---|---|
| Promoters | 60.59% | 60.63% | 60.55% | 60.55% | 60.56% | 60.55% | 60.54% |
| Foreign Institutions | 21.19% | 21.11% | 26.21% | 26.56% | 27.09% | 29.65% | 28.72% |
| Retail | 6.46% | 7.26% | 8.74% | 9.00% | 7.84% | 7.80% | 8.63% |
| Mutual Funds | 9.87% | 9.58% | 4.47% | 3.87% | 4.52% | 2.00% | 2.11% |
| Domestic Institutions | 1.89% | 1.42% | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% |
We will predict the Kalyan Jewellers share price target in 2024, 2025, 2026, 2027, 2028, 2029, and 2030 by analyzing the previous performance and after studying various brokerage and research firm forecasts.
Kalyan Jewellers Share Price Target 2024
Kalyan Jewellers has risen from a 52-week low of Rs 100.95 to an all-time high of Rs 409.70 in one year. The company has given 211.85 returns last year to its investors.
| 2024 | Minimum Share Price | Maximum Share Price |
|---|---|---|
| January | X | X |
| February | X | X |
| March | X | X |
| April | X | X |
| May | X | X |
| June | X | X |
| July | X | X |
| August | X | X |
| September | X | X |
| October | 702 | 825 |
| November | 810 | 885 |
| December | 845 | 950 |
The share price of Kalyan Jewellers is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 950 in December 2024 and a minimum price target of Rs 320 in January 2024. The average price target for Kalyan Jewellers in 2024 is expected to be around Rs 670.
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Kalyan Jewellers Share Price Target 2025
The owner of Kalyan Jewelers, Mr. T.S. Kalyanaraman, was a clothing merchant. When customers come to their shop, they also demand matching jewelry, so from this, the idea of Kalyan Jewelers takes place in his mind.
| 2025 | Minimum Share Price | Maximum Share Price |
|---|---|---|
| January | 820 | 995 |
| February | 835 | 1010 |
| March | 933 | 1035 |
| April | 944 | 1055 |
| May | 956 | 1062 |
| June | 967 | 1105 |
| July | 1077 | 1188 |
| August | 1185 | 1259 |
| September | 1198 | 1208 |
| October | 1210 | 1242 |
| November | 1225 | 1335 |
| December | 1234 | 1352 |
The share price of Kalyan Jewellers is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1352 in December 2025 and a minimum price target of Rs 820 in January 2025. The average price target for Kalyan Jewellers in 2025 is expected to be around Rs 1140.
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Kalyan Jewellers Share Price Target 2026
Mr. T. S. Kalyanaraman has a schedule of visiting every showroom once a year and talking to staff personally regarding customer demand and their problems. He owns a private jet to move from one city to another.
The share price of Kalyan Jewellers is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 1837 in December 2026 and a minimum price target 1250 of Rs in March 2026. The average price target for Kalyan Jewellers in 2026 is expected to be around Rs 1530.
Kalyan Jewellers Share Price Target 2027
Mr. T. S. Kalyanaraman takes feedback on their products and services from customers by calling them personally. They talk to 10 customers on a daily basis.
The share price of Kalyan Jewellers is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 2738 in December 2027 and a minimum price target of Rs 1680 in March 2027. The average price target for Kalyan Jewellers in 2027 is expected to be around Rs 2155.
Kalyan Jewellers Share Price Target 2028
Kalyan Jewelers has appointed Rashmika Mandana as a marketing face, which is known as the National Crush of India. The company appointed its first brand ambassador, Mr. Amitabh Bachhan, for a very high fee.
The share price of Kalyan Jewellers is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 3494 in December 2028 and a minimum price target of Rs 2605 in March 2028. The average price target for Kalyan Jewellers in 2028 is expected to be around Rs 3095.
Kalyan Jewellers Share Price Target 2029
The share price of Kalyan Jewellers is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 4547 in December 2025 and a minimum price target of Rs 3150 in March 2029. The average price target for Kalyan Jewellers in 2029 is expected to be around Rs 3805.
Kalyan Jewellers Share Price Target 2030
The share price of Kalyan Jewellers is expected to continue experiencing volatility throughout the year, with a maximum price target of Rs 6535 in December 2030 and a minimum price target of Rs 3655 in March 2030. The average price target for Kalyan Jewellers in 2030 is expected to be around Rs 5596.
Strengths of kalyan Jewellers
- The company has reduced debt.
- The company has delivered good profit growth of 29.6% CAGR over last 5 years.
Challenges with Kalyan Jewellers
- Kalyan has a very tough fight with Titan, PC Jewellers, and Gitanjali Gems Ltd.
- Stock is trading at 10.1 times its book value
- The company has delivered a poor sales growth of 6.02% over past 5 years.
- The company has a low return on equity of 7.65% over last 3 years.
Conclusion-
Kalyan Jewelers has given good returns till now. In the next 10 years, it will be the next multi-bagger stocks from small cap stocks. The demand for gold and jewelry is never-ending. The company has appointed Deloitte as its auditor; it’s a good sign of growth and a quality-oriented organization.
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Disclaimer: I am not a SEBI-registered investment adviser or research analyst. The information shared is only for educational purposes. This is not an investment advice