KDDL logo

KDDL

KDDL NSE

Key Fundamentals

MicrocapJewellery & WatchesConsumer Goods
Market Cap
₹4,771 Cr
Volatility
Moderate
P/E Ratio
49.2
EBITDA
₹363 Cr
Return on Equity
7.05%
Debt to Equity
0.47
Book Value
₹878.21
EPS
₹81.9
52W High
₹4,155.5
52W Low
₹1,990

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 73.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 38.4%

Weaknesses

2
  • Stock is trading at 4.42 times its book value
  • Company has a low return on equity of 11.8% over last 3 years.

Growth Rate

Revenue Growth
30.28% higher than 3Y
Net Income Growth
-4.99% lower than 3Y
Cash Flow Change
—
ROE
-30.13% lower than 3Y
ROCE
-16.92% higher than 3Y
EBITDA Margin (Avg.)
-9.17% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

KDDL Ltd is a ₹4,019 Cr market-cap consumer discretionary company operating across precision watch components, luxury watch retail (Ethos), and luxury packaging. It has delivered strong 5-year profit CAGR of ~74% and TTM sales growth of 31%, but trailing twelve-month profit has declined 6% and return on equity has softened to 9% in the last year from a 3-year average of 12%.

Bull Case 7
  • Exceptional 5-year compounded profit growth of 74% CAGR demonstrates strong long-term earnings trajectory
  • TTM consolidated revenue growth of 31% indicates continued top-line momentum, with FY26 sales reaching ~₹2,153 Cr vs ₹1,648 Cr in FY25
  • 5-year compounded sales CAGR of 31% well above the 10-year average of 17%, reflecting accelerating business scale
  • Healthy dividend payout ratio of 31.3% signals management confidence in cash flow sustainability
  • 10-year stock CAGR of 32% and 5-year CAGR of 58% demonstrate sustained wealth creation for shareholders
  • Diversified business model spanning precision engineering, luxury retail (Ethos), Swiss-made components (Estima), and luxury packaging (Ornapac) provides multiple growth levers
  • Q4 FY26 total income grew 42% year-on-year, and the company is expected to deliver a good upcoming quarter
Bear Case 8
  • TTM net profit has declined 6% despite 31% revenue growth, indicating margin compression — FY26 net profit at ₹135 Cr vs ₹142 Cr in FY25
  • Operating profit margin contracted from 17.46% in FY24 to 15.36% in FY25 and further to 13.99% in FY26, a consistent downtrend
  • Return on equity has deteriorated to 9% in the last year from the 3-year average of 12% and 5-year average of 12%
  • Stock trades at 3.69x price-to-book value, demanding a premium despite declining profitability metrics
  • P/E ratio of 29.5x prices in significant growth but profit growth has turned negative on a TTM basis
  • Interest costs rose from ₹26 Cr in FY24 to ₹31 Cr in FY25 and ₹42 Cr in FY26, a 60% increase in two years, suggesting rising leverage
  • Depreciation surged from ₹65 Cr in FY24 to ₹86 Cr in FY25 and ₹122 Cr in FY26, reflecting heavy capex that has yet to translate into proportional profit growth
  • Tax rate spiked to ~31% in FY26 from ~25% in FY25, further pressuring bottom-line growth

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Neutral 3
  • No promoter share encumbrance FY26 Jul 4

    KDDL promoters confirmed zero shares were encumbered directly or indirectly in FY26, disclosed to NSE and BSE under SEBI takeover regulations.

  • Revised Q2FY26 results filed Jun 29

    KDDL submitted revised financial results for the quarter ended September 30, 2025, to NSE and re-filed in XBRL mode per exchange requirements.

  • Non-Executive Director resigns Jun 22

    Hanspeter Pieth resigned as Non-Executive Director effective June 22, 2026, citing time constraints.

TL;DR: Recent KDDL news flow is entirely procedural with no material positive or negative catalysts. Promoter share encumbrance remains nil which signals governance stability. The director resignation and result re-filing are routine compliance events. In the absence of operational or financial updates, the near-term outlook remains neutral and driven by broader sector sentiment.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
332
340
372
348
360
396
472
420
465
517
597
575
634
Expenses
272
277
306
287
305
334
394
355
397
445
514
490
539
Operating Profit
59
62
66
61
55
63
78
64
68
72
83
85
95
OPM %
18%
18%
18%
17%
15%
16%
16%
15%
15%
14%
14%
15%
15%
Other Income
6
6
8
9
10
14
12
11
12
14
16
10
13
Interest
7
7
6
6
7
7
9
8
9
10
11
12
12
Depreciation
15
17
17
17
19
20
24
24
27
29
33
33
35
PBT
44
45
50
47
39
49
57
44
44
47
54
50
62
Tax %
25%
27%
26%
26%
29%
28%
17%
28%
32%
30%
30%
32%
28%
Net Profit
33
33
37
35
28
36
47
32
30
33
38
35
45
EPS in Rs
20.58
20.28
20.64
20.4
13.78
19.97
26.4
16.51
16.61
15.76
18.69
20.58
23.87
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
412
450
453
502
625
652
549
816
1,119
1,391
1,648
2,153
2,322
Expenses
370
417
425
455
556
572
481
704
952
1,137
1,379
1,833
1,987
Operating Profit
42
33
28
47
69
80
68
113
168
255
269
321
335
OPM %
10%
7%
6%
9%
11%
12%
12%
14%
15%
18%
16%
15%
14%
Other Income
2
4
5
5
3
6
19
15
20
29
46
52
53
Interest
18
18
17
15
18
33
30
30
31
33
40
54
45
Depreciation
12
11
12
12
13
48
46
45
49
65
86
122
130
PBT
14
8
4
25
40
5
11
52
108
186
190
196
214
Tax %
37%
47%
48%
28%
38%
139%
34%
29%
28%
26%
25%
31%
—
Net Profit
9
4
2
18
25
-2
7
37
77
137
142
135
150
EPS in Rs
8.74
4.83
1.76
14.27
17.43
-0.46
4.45
25.08
42.75
81.9
76.92
71.63
78.9
Div. Payout %
21%
29%
78%
16%
13%
-398%
31%
12%
5%
76%
7%
32%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
9
10
11
11
12
12
12
13
13
13
12
12
Reserves
42
72
96
121
179
174
175
240
444
721
903
1,068
Borrowings
122
118
115
138
154
290
250
265
246
250
453
512
Other Liabilities
145
141
134
156
170
177
175
217
453
652
722
1,163
Total Liabilities
318
342
357
426
515
652
612
734
1,156
1,636
2,090
2,755
Fixed Assets
74
79
79
84
144
269
246
267
305
350
603
725
CWIP
3
3
5
24
7
3
5
2
13
47
48
27
Investments
1
1
1
1
1
1
1
2
3
6
6
6
Other Assets
241
259
272
317
363
379
359
463
835
1,234
1,433
1,997
Total Assets
318
342
357
426
515
652
612
734
1,156
1,636
2,090
2,755
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
15
6
21
15
8
64
90
42
46
98
-4
144
Investing
-12
-18
-19
-29
-27
-31
-22
-35
-267
66
109
-420
Financing
-3
10
13
15
24
-26
-60
14
227
17
-149
290
Net Cash Flow
0
-2
15
0
5
7
8
21
6
181
-44
14
Free Cash Flow
3
-10
4
-16
-29
31
73
16
-25
24
-142
-1
CFO/OP
47
38
92
38
34
90
138
53
50
55
19
66
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
22
21
21
24
18
16
27
20
20
19
20
20
Inventory Days
257
244
246
243
243
244
254
216
221
225
246
227
Days Payable
129
103
93
104
86
84
98
82
74
57
43
55
Cash Conversion Cycle
150
162
174
163
175
176
183
155
167
187
223
192
Working Capital Days
17
34
43
41
60
42
49
55
73
83
114
102
ROCE %
16%
12%
8%
14%
17%
8%
8%
16%
18%
19%
14%
12%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view KDDL insights

64 extracted metrics + investor summaries across FY11–FY27.

Log in — free

Shareholding Pattern

DIIs2.17%Govt.0.13%Promot.50.14%Others5.89%FIIs7.99%Public33.69%As ofJun 2026

Documents

Frequently Asked Questions about KDDL

What does KDDL Ltd do?
Incorporated in 1981, KDDL manufactures watch components like dials, hands and precision engineering goods under the brand name, Eigen. [1]
Where is KDDL Ltd (KDDL) listed?
KDDL Ltd trades as KDDL on the NSE and under code 532054 on the BSE.
Which sector does KDDL Ltd belong to?
KDDL Ltd is classified under the Consumer Goods sector, in the Jewellery & Watches industry.
What is the market capitalisation of KDDL Ltd?
KDDL Ltd has a market capitalisation of ₹4,771 Cr, which places it in the Small Cap band.
What is the PE ratio of KDDL Ltd?
KDDL Ltd trades at a PE ratio of 49.20, on earnings per share of ₹81.9, against a book value of ₹878.21 per share.
What is the 52-week high and low of KDDL Ltd?
Over the last 52 weeks KDDL Ltd has traded between ₹1,990 and ₹4,155.5.
Does KDDL Ltd pay dividends?
KDDL Ltd has a dividend yield of 0.59%.
What is the Return on Equity (ROE) of KDDL Ltd?
KDDL Ltd reported a return on equity of 7.05%. Its debt-to-equity ratio is 0.47.

Company Information

Incorporated in 1981, KDDL manufactures watch components like dials, hands and precision engineering goods under the brand name, Eigen. [1]

Website kddl.com
CEO Mr. Yashovardhan Saboo Ahmedabad), B.A (Hons.)., MBA (IIM
Employees 1,478
Listed 2016-03-23
Face Value ₹ 10
Issued Size 1,22,99,280

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/KDDL.md for KDDL Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Consumer Goods → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List