Kabra Jewels IPO Review

Kabra Jewels operates in the retail jewellery sector, offering a diverse range of gold, diamond, and silver ornaments and their other offerings include gold and silver coins, utensils and other artifacts. Their primary expertise is in designing and they market their exclusive creations under the brand name “KK Jewels”.

The company is promoted by Mr. Kailash Kabra and Mrs. Jyothi Kabra, who have been associated with the Gems & Jewellery industry for more than a decade. Mr. Kailash Kabra specializes in managing diverse purchases, ranging from jewellery selections sourced from various vendors to strategic marketing planning and budgeting. Mrs. Jyothi Kabra looks after designing of jewellery, staff management and training. The Company has an established track record of operations in jewellery retail in Ahmedabad.

The Revenues from operations for the period ended on Nov 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 12,584.47 Lakh, ₹ 16,424.32 Lakh, ₹ 12,334.02 Lakh and ₹ 1,178.55 Lakh respectively. The EBITDA for the period ended on Nov 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 2,021.11 Lakh, ₹ 2,206.61 Lakh, ₹ 1,246.16 Lakh, and ₹ 1,178.55 Lakh, respectively. The Profit after Tax for the period ended on Nov 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 880.89 Lakh, ₹ 939.64 Lakh, ₹ 440.58 Lakh, and ₹ 540.46 Lakh respectively. This indicate a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 12.77 and post-issue EPS of ₹ 8.96 for FY24. The pre-issue P/E ratio is 10.02x, while the post-issue P/E ratio is 14.28x against the Industry P/E ratio is 37x. The company's ROCE for FY24 is 18.23%, ROE for FY24 is 30.25% and RoNW 30.25%. 

The Grey Market Premium (GMP) of Kabra Jewels showing potential listing gains of 39.06%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Kabra Jewels  Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
 CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.