Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kalyan Jewellers IndiaBOM:543278 +2.36%92 Return-on-Tangible-Equity is 22.13% as of Jun. 2026, which is 193% above its 10-year median of 7.55. GuruFocus rates BOM:543278 with a GF Score™ of 92/100 and a GF Value™ of ₹829.22 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,066 Retail - Cyclical companies, Kalyan Jewellers India ranks better than 77.3% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Kalyan Jewellers India's annualized net income for the quarter that ended in Jun. 2026 was ₹13,947 Mil. Kalyan Jewellers India's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹63,024 Mil. Therefore, Kalyan Jewellers India's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 22.13%.
The historical rank and industry rank for Kalyan Jewellers India's Return-on-Tangible-Equity or its related term are showing as below:
BOM:543278'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.25 Med: 7.55 Max: 26.2
Current: 26.2
During the past 9 years, Kalyan Jewellers India's highest Return-on-Tangible-Equity was 26.20%. The lowest was -0.25%. And the median was 7.55%.
BOM:543278's Return-on-Tangible-Equity is ranked better than 77.3% of 1066
companies
in the Retail - Cyclical industry
Industry Median: 8.455
vs BOM:543278: 26.20
Kalyan Jewellers India (BOM:543278) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Kalyan Jewellers India Return-on-Tangible-Equity Related Terms
Kalyan Jewellers India Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kalyan Jewellers India's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kalyan Jewellers India Return-on-Tangible-Equity Chart
BOM:543278 vs TPR: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Kalyan Jewellers India's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kalyan Jewellers India Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Kalyan Jewellers India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kalyan Jewellers India's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 22.13% mean?
Kalyan Jewellers India (BOM:543278) has a Return-on-Tangible-Equity of 22.13% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kalyan Jewellers India and its competitors. This is 193% above median its historical median of 7.55. According to the industry distribution chart, Kalyan Jewellers India ranks #242 out of 1066 companies in the Retail - Cyclical industry, placing it in the top 22.7%.
Is Kalyan Jewellers India's Return-on-Tangible-Equity too high?
Kalyan Jewellers India's current Return-on-Tangible-Equity of 22.13% is 193% above median its 10-year median of 7.55. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.46. Kalyan Jewellers India's value of 22.13% is 161.7% above this industry median. Based on the distribution chart, Kalyan Jewellers India ranks #242 out of 1066 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Kalyan Jewellers India has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kalyan Jewellers India's Return-on-Tangible-Equity compare to TPR?
According to the Retail - Cyclical industry distribution chart, Kalyan Jewellers India ranks #242 out of 1066 companies for Return-on-Tangible-Equity. This places Kalyan Jewellers India in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.46. Kalyan Jewellers India's value of 22.13% is 161.7% above this benchmark. While the company's 10-year median is 7.55 vs. the industry median of 8.46, Kalyan Jewellers India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.46, based on 1,066 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kalyan Jewellers India's current Return-on-Tangible-Equity of 22.13% is 161.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kalyan Jewellers India and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kalyan Jewellers India's current Return-on-Tangible-Equity is 22.13%, which is 193% above median its own 10-year median of 7.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalyan Jewellers India stock overvalued right now?
Based on GuruFocus' analysis, Kalyan Jewellers India (BOM:543278) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹829.22, compared to a current price of ₹611.15 — trading 26.3% below its estimated fair value. The current Return-on-Tangible-Equity is 22.13%, which is 193% above median its 10-year median of 7.55 and 161.7% above the Retail - Cyclical industry median of 8.46. Kalyan Jewellers India's overall GF Score™ is 92/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Kalyan Jewellers India (BOM:543278), the current Return-on-Tangible-Equity is 22.13% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kalyan Jewellers India (BOM:543278) Overvalued in 2026?
Based on GuruFocus' analysis, Kalyan Jewellers India stock appears to be undervalued.
The current stock price of ₹611.15 is trading 26.3% below its estimated GF Value™ of ₹829.22.
GuruFocus considers Kalyan Jewellers India to be Modestly Undervalued.
Key valuation signals for BOM:543278:
Return-on-Tangible-Equity: 22.13% (193% above median its 10-year median of 7.55)
GF Value™: ₹829.22 vs. price of ₹611.15 (26.3% below fair value)
Industry Position: 161.7% above the Retail - Cyclical median (#242 of 1066)
No single metric tells the full story. See the BOM:543278 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kalyan Jewellers India Ltd is a Jewellery company. The business activities of the company are to design, manufacture, and sell a variety of gold, studded and other jewellery products for various occasions such as weddings, festivals and others. It operates in a single segment namely the jewellery business.
92GF Score
Get the complete analysis for BOM:543278
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:543278 has been successfully added to your 
