MoneyWorks4Me

KDDL Ltd (KDDL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532054 NSE: KDDL Watches & Accessories | Small Cap | KDDL Share Price

₹3,853.30 14.05 (0.37%)

As on 18-Sep'26 16:59

KDDL Ltd (KDDL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532054 NSE: KDDL Watches & Accessories | Small Cap | KDDL Share Price

₹3,853.30 14.05 (0.37%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,739 Cr.
Current Price
₹3,853.3
52-Week Low / High
₹1,976 / 4,150
TTM EPS
₹78.9
TTM Sales
₹2,322 Cr.
Book Value per Share
₹914.6
P/E Ratio
48.84
Higher than its 5-year historical median
Industry PE
69.1
Price to Book (P/B)
4.21
Lower than its 5-year historical median
Price to Sales (P/S)
2.04
Lower than its 5-year historical median
EV/EBITDA
10.64
Lower than its 5-year historical median
Dividend Yield
0.6%
Profitability Efficiency
Return on Equity (ROE)
13.55%
In line with industry median
Return on Capital Employed (ROCE)
21.91%
Underperforms industry median
Return on Assets (ROA)
5.63%
Operating Profit Margin
14.9%
Net Profit Margin
6.28%
Gross Profit Margin
14.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
34.16%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
19.27%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-4.99%
Asset Quality
Promoter Holding
50.14%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,113 Cr.
Equity
₹12.3 Cr.
Face Value
₹10
All Time Low / High
₹4.59 / 4150.00

KDDL stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is KDDL Ltd a good quality company?
KDDL Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does KDDL Ltd performance compare with that of its Peers?
Q.1 Revenue growth of KDDL Ltd vs industry peers?
KDDL Ltd revenue CAGR is 31.44%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of KDDL Ltd?
Promoters hold 50.14% of the KDDL Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of KDDL Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 33.3% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
KDDL Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 12%14.1%13.6%9.8%5.9%13.2%31.8%66%15.7%24.2%-
Value Creation
Index
-0.20.00.0-0.3-0.6-0.11.33.70.10.7-

Growth Parameters

Sales 125146176181147218305351370496540
Sales YoY Gr.-16.3%20.7%2.6%-18.7%48.4%39.9%15%5.4%34.2%-
Adj EPS 6.510.611.66.32.314.523.5114.935.558.168.5
YoY Gr.-64.2%9.4%-46.2%-63.4%534.5%61.8%388.6%-69.1%63.7%-
BVPS (₹) 103.3115.6141.6143.5148.5170201.9316.7269.4312.1327.9
Adj Net
Profit
7.111.813.77.42.718.529.514443.671.484
Cash Flow from Ops. 19.214.92728.727.427.840.279.715.346.1-
Debt/CF from Ops. 2.14.42.12.92.82.520.96.32.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 16.5%27.5%17.6%34.2%
Adj EPS 27.6%90.9%35.2%63.7%
BVPS13.1%16%15.6%15.9%
Share Price 33.3% 55.4% 23% 46.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
79.69.24.41.69.512.644.3122021.4
Op. Profit
Mgn %
17.218.817.916.616.619.217.226.820.321.622.5
Net Profit
Mgn %
5.78.17.84.11.88.59.741.111.814.415.6
Debt to
Equity
0.40.50.30.50.50.30.30.20.30.3-
Working Cap
Days
20321018015418714113614315915472
Cash Conv.
Cycle
79807376100726866798024

Valuation of KDDL - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales4535026256525498161,1191,3911,6482,153
Operating Expenses + 4254555635724817049521,1371,3791,833
Manufacturing Costs222742392843606687124
Material Costs2823023613783244726297949751,276
Employee Cost 60678610286120174186203271
Other Costs 6059745342698991114162
Operating Profit 2847628168112168255269321
Operating Profit Margin (%) 6.2%9.4%9.9%12.4%12.4%13.8%15.0%18.3%16.3%14.9%
Other Income + 55106181519294754
Exceptional Items 000000000-2
Interest 17151833303031334054
Depreciation 121213484645496586122
Profit Before Tax 4254051152108186190196
Tax 2715741531494760
Profit After Tax 21825-273777137142135
PAT Margin (%) 0.4%3.6%4.0%-0.3%1.3%4.6%6.9%9.9%8.6%6.3%
Adjusted EPS (₹)1.915.418.8-0.54.925.142.781.976.971.6
Dividend Payout Ratio (%)77.30%16%13.10%-392.70%30.90%12%9.40%75.70%6.50%32.10%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1041291901851862534567349151,080
Share Capital 11111212121313131212
Reserves 931181781741742404447219031,068
Debt +9611012915412311310977107129
Long Term Debt36466780777773447374
Short Term Debt59646274463635333455
Minority Interest353044424158246410495838
Trade Payables7286858787106128124115192
Others Liabilities 679265181172201204278440495
Total Liabilities 3734465136506097301,1431,6232,0712,734

Fixed Assets

Net Fixed Assets +7984144269246265303350601723
Gross Block891061793203113463995088431,096
Accumulated Depreciation10223451658196158242372
CWIP 524735213474827
Investments 1111123666
Inventories190201240253225280381490658793
Trade Receivables263331284145627188117
Cash Equivalents 201822283657266530517735
Others Assets 528567675579114130153333
Total Assets 3734465136506097301,1431,6232,0712,734
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 211586490424698-4144
PBT 4254051152108186190196
Adjustment 242126795661576883134
Changes in Working Capital -2-28-42-1228-54-81-114-222-119
Tax Paid -5-3-16-8-4-18-39-42-54-66
Cash Flow From Investing Activity + -19-29-27-31-22-36-26766109-420
Capex -17-32-37-33-18-26-71-74-138-145
Net Investments -318-02-1-201-84-25-303
Others 1223-6-9522327228
Cash Flow From Financing Activity + 131524-26-601422717-149290
Net Proceeds from Shares 2323900253751770387
Net Proceeds from Borrowing 42051719-27-7287
Interest Paid -14-11-14-27-25-24-26-25-31-42
Dividend Paid 0-2-3-50-2-7-75-5-25
Others 14-3-11-366-89-53-141-38
Net Cash Flow 150578216181-4414
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)2.0115.615.79-1.053.7516.9721.7323.117.2613.55
ROCE (%)9.9416.3819.0810.7111.4521.9827.8830.824.3821.91
Asset Turnover Ratio1.261.231.31.120.871.221.21.010.890.9
PAT to CFO Conversion(x)10.50.830.32N/A12.861.140.60.72-0.031.07
Working Capital Days
Receivable Days20.7021.3018.6016.7023.1019.3017.6017.5017.6017.40
Inventory Days149.40141.90128.80137.80159112.90107.70114.30127.10122.90
Payable Days96.6095.4086.4083.1098.3074.5067.805844.7043.80

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KDDL Ltd FAQs

The current trading price of KDDL on 18-Sep-2026 16:59 is ₹3,853.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of KDDL stood at ₹4,739.3 Cr

The latest P/E ratio of KDDL as of 17-Sep-2026 is 56.29.

The latest P/B ratio of KDDL as of 17-Sep-2026 is 11.75.

The 52-week high of KDDL is ₹4,150 and the 52-week low is ₹1,976.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KDDL is ₹540 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that KDDL Ltd is a average quality company.

The key valuation ratios of KDDL Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of KDDL Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About KDDL Ltd

KDDL, formerly known as Kamla Dials And Devices Limited, established in 1988 is a diverse company focusing on the business of Watches and Precision Engineering. For over two decades it has been a leading supplier of high quality watch components to international brands in Switzerland and India.

It has established India’s largest retail chain for Swiss watches - ETHOS Swiss Watch Studios. Its Precision Stamping Division offers high precision pressed components and tooling solutions for a wide range of engineering applications.The watch hands production factory at Bangalore was set up in 1997 and has a capacity of making over 30 million hands annually. Its global customer base is concentrated in India, Switzerland and Hong Kong.

EIGEN, the precision stamping division was established in 2004 to cater to a wide range of requirements from automobile, electronics and other fine engineering applications. The retail chain ETHOS, established in 2003, has grown into India’s largest retailer of Swiss watches.

The company’s shares are listed and traded at The Bombay Stock Exchange Limited, under scrip name KDDL Limited and the Stock Code is 532054.In 2005, it established a new subdivision at the Derabassi factory to manufacture UMPR (Eddi) stickers. This facility was expanded in 2006 to increase capacity and product range.

The company is a leading global supplier, serving many well-known watch-brands all over the world. Each of its four manufacturing locations in India specialises in products for specific markets.

Products range of the company includes:

The company is engaged in the manufacture of watch and watch components and precision engineering

  • Watch Dials
  • Watch Hands
  • EIGEN Engineering 
  • Swiss Watch Retail
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