In today’s briefing:
- Kalyan Jewellers- Grey Areas Surrounding Inventory
Kalyan Jewellers- Grey Areas Surrounding Inventory
- Kalyan Jewellers (KALYANKJ IN), one of the largest Indian jewellery player, has been under the limelight for various allegations and misconducts, including possibility of inventory overstatement.
- In this insight, we try to look at the inventory from the forensic lens and uncover the disparity in accounting.
- We also note that operating cash flows are boosted by movement in metal loans while company also has several RPT with promoters, especially on the purchases side.
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