Kalyan Jewellers India Limited (KALYANKJIL.NS) stock analysis

In our weekly check, Kalyan Jewellers India Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 6.

About Kalyan Jewellers India Limited

Kalyan Jewellers India Limited is a Consumer Cyclical company (Luxury Goods) based in India, listed on NSE as KALYANKJIL.NS.

What our checks show for KALYANKJIL.NS

Red flags

• The gross margin fell by 3.6 points, to 11.7%: costs are rising faster than prices.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• The net margin is only 3.7%: little room if costs rise.
• Free cash flow is negative (-1.5% of revenue): the business spends more cash than it brings in.
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Margins expected to shrink
• The price swings a lot: 46.7% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 58% from a peak. Would you have held through that?
• The stock is still below its previous peak.

Strengths

• Debt is low: 0x equity.
• The net margin rose by 1.6 points over 5 years, to 3.7%.
• Analysts expect earnings per share to grow about 22.6% a year over the next years.
• Analysts expect revenue to grow about 21.2% a year over the next years.
• Revenue grew 40.7% a year over the last 3 years.
• Earnings per share grew 49% a year over the last 3 years.

Next earnings report: 2026-11-10

Similar companies

LVMUY · HMI.DE · 1929.HK · CFR.SW · TITAN.NS · PNDORA.CO

Questions

What grade does Kalyan Jewellers India Limited (KALYANKJIL.NS) have?

In our weekly check, Kalyan Jewellers India Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of KALYANKJIL.NS stock?

This week's biggest flags for Kalyan Jewellers India Limited: Gross margin falling, Profits not backed by cash, Thin margins. In total 10 of 25 checks show a warning or a red flag.

What does Kalyan Jewellers India Limited do?

Kalyan Jewellers India Limited is a Consumer Cyclical company (Luxury Goods) based in India, listed on NSE as KALYANKJIL.NS.

When does Kalyan Jewellers India Limited report earnings next?

The next earnings report is expected on 2026-11-10. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

Open the full analysis