KDDL

₹2441.3 67.3 | 2.8%

WEBSITE BSE:532054 NSE : KDDL LTD 10 May, 16:01

Market Cap ₹3061 Cr.

Stock P/E 32.8

P/B 5.7

Current Price ₹2441.3

Book Value ₹ 431.4

Face Value 10

52W High ₹3110

Dividend Yield 0.16%

52W Low ₹ 1032.9

Edit Ratio

KDDL Research see more...

Overview Inc. Year: 1981Industry: Watches & Accessories

KDDL Ltd is an engineering organisation engaged within the manufacture of watch additives, precision stamped additives and progressive gear for diverse applications. The Company's segments encompass Precision and watch additives, Watch and accessories, and Others. Its main merchandise/offerings consist of watch dials and watch hands, and components and press tools. It materials watch additives to diverse brands in Switzerland and India. The Company's Precision Stamping Division offers precision pressed components and tooling solutions for a number of engineering programs. The Company is likewise engaged within the manufacture of packaging for the decorative jewellery, watches, writing devices and different accessories. The Company also manages the retail chain of Swiss Watches-ETHOS Swiss Watch Studios in the organised zone, through its subsidiary, Ethos Ltd. The Company has production centres at Pawanoo (Himachal Pradesh), Derabassi (Punjab) and Bangalore (Karnataka).

KDDL Share Price

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KDDL Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	193	258	226	247	260	313	299	332	340	372
Other Income	3	3	3	3	5	4	7	6	6	7
Total Income	197	261	229	250	265	317	306	337	346	380
Total Expenditure	170	220	195	207	237	257	257	272	277	306
Operating Profit	26	42	34	43	28	60	49	65	68	73
Interest	6	7	6	6	6	6	6	7	7	6
Depreciation	11	12	12	12	12	12	13	15	17	17
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	9	23	16	25	10	42	30	44	45	50
Provision for Tax	3	7	4	7	4	11	9	11	12	13
Profit After Tax	7	16	11	18	7	31	21	33	32	37
Adjustments	-1	-3	-1	-5	-5	-8	-5	-7	-7	-11
Profit After Adjustments	6	14	10	13	1	23	16	26	25	26
Adjusted Earnings Per Share	4.7	10.7	7.6	10.4	1.1	17.9	12.9	20.6	20.3	20.6

KDDL Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	272	335	411	450	453	502	625	652	549	816	1119	1343
Other Income	1	3	2	5	5	5	10	6	18	15	19	26
Total Income	273	338	413	454	458	507	635	658	567	832	1139	1369
Total Expenditure	252	303	370	417	425	455	563	572	481	704	952	1112
Operating Profit	21	35	43	37	32	52	72	87	87	128	187	255
Interest	15	16	18	18	17	15	18	33	30	30	31	26
Depreciation	9	8	12	11	12	12	13	48	46	45	49	62
Exceptional Income / Expenses	0	-1	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-3	11	14	8	4	25	40	5	11	52	108	169
Provision for Tax	0	2	5	4	2	7	15	7	4	15	31	45
Profit After Tax	-3	9	9	4	2	18	25	-2	7	37	77	123
Adjustments	-0	-0	-0	1	0	-1	-3	1	-1	-5	-23	-30
Profit After Adjustments	-3	9	9	5	2	17	22	-1	6	32	54	93
Adjusted Earnings Per Share	-4.1	7.6	6.7	2.8	1.9	15.4	18.8	-0.5	4.9	25.1	42.7	74.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	37%	20%	17%	15%
Operating Profit CAGR	46%	29%	29%	24%
PAT CAGR	108%	0%	34%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	118%	101%	42%	41%
ROE Average	22%	14%	11%	10%
ROCE Average	28%	20%	18%	16%

KDDL Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	44	48	52	82	107	132	191	186	187	253	456
Minority's Interest	18	18	31	34	35	30	44	42	41	58	246
Borrowings	39	41	36	33	36	46	67	80	77	77	73
Other Non-Current Liabilities	17	16	16	21	12	12	0	88	75	84	84
Total Current Liabilities	134	168	195	187	183	227	210	255	230	258	283
Total Liabilities	252	291	330	357	373	446	513	650	609	730	1143
Fixed Assets	76	79	74	79	79	84	144	269	246	265	303
Other Non-Current Assets	26	24	29	37	38	60	33	23	24	27	67
Total Current Assets	150	187	227	240	256	301	335	358	340	438	773
Total Assets	252	291	330	357	373	446	513	650	609	730	1143

KDDL Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	4	5	9	9	-55	-40	11	16	23	31	52
Cash Flow from Operating Activities	8	22	15	6	21	15	8	64	90	42	46
Cash Flow from Investing Activities	-11	-12	-12	-18	-19	-29	-27	-31	-22	-36	-267
Cash Flow from Financing Activities	4	-6	-3	10	13	15	24	-26	-60	14	227
Net Cash Inflow / Outflow	1	4	-0	-2	15	0	5	7	8	21	6
Closing Cash & Cash Equivalent	5	9	9	6	-40	-40	16	23	31	52	58

KDDL Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-4.06	7.62	6.68	2.82	1.92	15.43	18.78	-0.5	4.86	25.09	42.74
CEPS(Rs)	6.5	18.48	22.41	15.09	12.21	27.33	32.49	39.33	45.5	64.83	100.8
DPS(Rs)	1	1.5	2	1.5	1.5	2.5	2.5	2	1.5	3	4
Book NAV/Share(Rs)	45.51	50.92	54.4	78.87	94.57	116.32	161.02	156.87	159.65	198.17	363.88
Core EBITDA Margin(%)	7.11	9.37	9.97	7.12	6.08	9.37	9.89	12.36	12.43	13.78	14.99
EBIT Margin(%)	4.39	7.87	7.61	5.68	4.54	7.99	9.39	5.92	7.42	10.09	12.35
Pre Tax Margin(%)	-0.95	3.21	3.34	1.74	0.77	5.02	6.47	0.83	1.93	6.41	9.61
PAT Margin (%)	-0.95	2.63	2.12	0.92	0.39	3.62	4.03	-0.25	1.27	4.56	6.88
Cash Profit Margin (%)	2.18	5	4.96	3.39	2.92	6.03	6.13	7.12	9.66	10.12	11.29
ROA(%)	-1.09	3.28	2.84	1.22	0.49	4.44	5.25	-0.28	1.11	5.55	8.22
ROE(%)	-5.96	20.05	18.2	6.42	1.95	15.62	15.79	-0.87	3.75	16.97	21.73
ROCE(%)	8.14	16.95	18.84	13.9	9.92	16.39	19.08	10.81	11.45	21.97	27.88
Receivable days	24.86	20.44	19.97	20.37	20.7	21.32	18.62	16.68	23.05	19.28	17.58
Inventory Days	139.36	134.63	133.87	142.1	149.35	141.94	128.8	137.84	159	112.9	107.68
Payable days	104.34	111.72	116.81	107.24	96.61	95.44	86.41	83.07	98.32	74.52	67.83
PER(x)	0	9.59	46.01	69.19	98.49	25.27	22.6	0	54.08	39.06	23.81
Price/Book(x)	1.62	1.43	5.65	2.47	2	3.35	2.64	0.79	1.65	4.94	2.8
Dividend Yield(%)	1.34	2.03	0.64	0.76	0.78	0.63	0.58	1.59	0.57	0.31	0.39
EV/Net Sales(x)	0.62	0.51	0.95	0.68	0.66	1.1	1.01	0.46	0.78	1.65	1.02
EV/Core EBITDA(x)	8.15	4.87	9.02	8.25	9.27	10.55	8.8	3.48	4.92	10.53	6.08
Net Sales Growth(%)	16.51	23.14	22.94	9.3	0.77	10.7	24.57	4.36	-15.86	48.73	37.15
EBIT Growth(%)	-47.96	120.42	18.7	-18.46	-19.23	93.15	45.89	-34.23	5.52	102.29	67.75
PAT Growth(%)	-136.47	438.35	-1.07	-52.36	-57.03	910.36	38.34	-106.5	525.91	434.05	106.94
EPS Growth(%)	-164.45	287.6	-12.27	-57.81	-32.06	705.23	21.74	-102.68	1067.63	415.87	70.39
Debt/Equity(x)	2.59	2.5	2.44	1.46	1.09	1.07	0.81	0.99	0.84	0.61	0.28
Current Ratio(x)	1.12	1.12	1.16	1.29	1.4	1.33	1.59	1.41	1.48	1.69	2.73
Quick Ratio(x)	0.27	0.3	0.3	0.3	0.36	0.44	0.45	0.41	0.5	0.61	1.38
Interest Cover(x)	0.82	1.69	1.78	1.44	1.2	2.69	3.21	1.16	1.35	2.74	4.52
Total Debt/Mcap(x)	1.62	1.74	0.43	0.59	0.55	0.32	0.31	1.25	0.47	0.12	0.1

KDDL Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	46.87	46.87	46.87	49.08	49.26	50.18	50.21	50.21	50.21	50.21
FII	20.11	20.17	20.12	14.18	12.6	12.26	12.5	12.34	11.83	11.46
DII	8.28	8.16	8.12	2.46	2.22	2.45	2.43	2.1	1.82	1.74
Public	24.74	24.8	24.89	34.28	35.92	35.11	34.86	35.34	36.14	36.59
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.6	0.6	0.6	0.63	0.63	0.63	0.63	0.63	0.63	0.63
FII	0.26	0.26	0.26	0.18	0.16	0.15	0.16	0.15	0.15	0.14
DII	0.11	0.1	0.1	0.03	0.03	0.03	0.03	0.03	0.02	0.02
Public	0.32	0.32	0.32	0.44	0.46	0.44	0.44	0.44	0.45	0.46
Others	0	0	0	0	0	0	0	0	0	0
Total	1.27	1.27	1.27	1.27	1.27	1.25	1.25	1.25	1.25	1.25

Pros

Company has delivered good profit growth of 33% CAGR over last 5 years
Debtor days have improved from 74.52 to 67.83days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 14% over the last 3 years.
Stock is trading at 5.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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KDDL

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KDDL Research see more...

Overview Inc. Year: 1981Industry: Watches & Accessories

KDDL Share Price

Alert Data

Quarterly Price

Peer Comparison

KDDL Quarterly Results

KDDL Profit & Loss

Growth Rates

KDDL Balance Sheet

KDDL Cash Flow

KDDL Ratios

KDDL Shareholding Pattern

KDDL News

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