KDDL Ltd - Stock Valuation and Financial Performance

BSE: 532054 | NSE: KDDL | Watches & Accessories | Small Cap

KDDL Share Price

2,685.95 13.55 0.51%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on KDDL

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

KDDL stock performance -

mw4me loader
P/E Ratio (SA):
15.31
Market Cap:
3,369.5 Cr.
52-wk low:
1,317.2
52-wk high:
3,110

Is KDDL Ltd an attractive stock to invest in?

1. Is KDDL Ltd a good quality company?

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

2. Is KDDL Ltd undervalued or overvalued?

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

3. Is KDDL Ltd a good buy now?

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

10 Year X-Ray of KDDL:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.3%11.2%8.7%7.7%8.6%8.6%5.9%3.8%9%11.6%-
Value Creation
Index
-0.3-0.2-0.4-0.5-0.4-0.4-0.6-0.7-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 112127119125146176181147218305351
Sales YoY Gr.-13.5%-6%5.4%16.3%20.7%2.6%-18.7%48.4%39.9%-
Adj EPS 4.375.86.510.611.66.32.314.523.5175.5
YoY Gr.-62.5%-16.4%10.8%64.7%9.4%-46.2%-63.4%534.5%61.8%-
BVPS (₹) 53.65783.8103.3115.6141.6143.5148.5170201.9316.7
Adj Net
Profit
3.96.467.111.813.77.42.718.529.5220
Cash Flow from Ops. 11.220.217.919.214.92728.727.427.840.2-
Debt/CF from Ops. 5.32.72.42.14.42.12.92.82.52-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.8%15.9%19.1%39.9%
Adj EPS 20.8%17.2%55.4%61.8%
BVPS15.9%11.8%12.1%18.8%
Share Price 36.9% 44.6% 93.2% 96.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.212.68.679.69.24.41.69.512.667.7
Op. Profit
Mgn %
18.219.617.517.218.817.916.616.619.217.221
Net Profit
Mgn %
3.55.155.78.17.84.11.88.59.762.8
Debt to
Equity
1.210.50.40.50.30.50.50.30.30.1
Working Cap
Days
18217420620321018015418714113698
Cash Conv.
Cycle
66687979807276100726837

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 67.70%

Sales growth is growing at healthy rate in last 3 years 19.06%

Net Profit is growing at healthy rate in last 3 years 55.44%

Sales growth is good in last 4 quarters at 15.70%

No data to display

Latest Financials - KDDL Ltd.

Standalone Consolidated
TTM EPS (₹) 175.5 81.9
TTM Sales (₹ Cr.) 351 1,391
BVPS (₹.) 316.7 585.4
Reserves (₹ Cr.) 384 721
P/BV 8.49 4.59
PE 15.31 32.82
From the Market
52 Week Low / High (₹) 1317.20 / 3110.00
All Time Low / High (₹) 4.59 / 3110.00
Market Cap (₹ Cr.) 3,370
Equity (₹ Cr.) 12.5
Face Value (₹) 10
Industry PE 19.9

Management X-Ray of KDDL:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *6.036.036.033.200.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of KDDL

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales112127119125146176181147218305
Operating Expenses 9110298104118145151123176253
Manufacturing Costs14212020253031223551
Material Costs28292629344545385776
Employee Cost 353637394349555065102
Other Costs 14161516172119141924
Operating Profit 20252122273130244252
Operating Profit Margin (%) 18.1%19.6%17.4%17.2%18.8%17.8%16.5%16.5%19.2%17.2%
Other Income 11235553559
Interest 88665691089
Depreciation 67777812121213
Exceptional Items -1000000000
Profit Before Tax 710101220221452789
Tax 24346752620
Profit After Tax 47781416932169
PAT Margin (%) 3.8%5.1%5.5%6.0%9.6%8.9%5.1%2.3%9.8%22.7%
Adjusted EPS (₹)4.67.16.46.812.713.47.72.916.755.2
Dividend Payout Ratio (%)32%28%23%22%19%18%26%52%18%7%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 495286114128167169173217253
Share Capital 991011111212121313
Reserves 404376103117155158161204241
Minority Interest0000000000
Debt46423330564264574564
Long Term Debt22191922333545413940
Short Term Debt24231492371916624
Trade Payables12111010151614152127
Others Liabilities 33424344573853556970
Total Liabilities 141147171198257263300300352413

Fixed Assets

Gross Block1131181296875117137142152172
Accumulated Depreciation5665707142231404961
Net Fixed Assets575359626195107102103111
CWIP 12352422129
Investments 191932486880101107138146
Inventories21222121273132262839
Trade Receivables18182021292425324560
Cash Equivalents 765109915141612
Others Assets18273132402318182036
Total Assets 141147171198257263300300352413

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 11201819152729272840
PBT 710101220221452789
Adjustment 13161311912182117-31
Changes in Working Capital -7-2-01-111-23-101
Tax Paid -2-3-4-4-4-8-2-2-7-20
Cash Flow From Investing Activity -5-8-27-32-37-33-30-12-29-16
Capex -5-7-13-13-20-23-11-80-3
Net Investments 00000000011
Others 0-1-14-19-17-11-19-4-29-24
Cash Flow From Financing Activity -3-148191078-144-32
Net Proceeds from Shares 00302322500250
Net Proceeds from Borrowing 6-5-2212613-11-6
Interest Paid -7-8-6-6-4-5-7-8-7-9
Dividend Paid -1-1-30-2-3-50-2-7
Others -10-1102-168-5-13-11
Net Cash Flow 3-2-26-121713-8
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.8612.829.537.5511.6410.675.431.9810.9329.48
ROCE (%)14.317.1513.5111.9714.113.69.775.8913.2431.84
Asset Turnover Ratio0.820.910.780.710.650.680.640.490.670.8
PAT to CFO Conversion(x)2.752.862.572.381.071.693.2291.330.58
Working Capital Days
Receivable Days55505657625449706463
Inventory Days67606459606063734640
Payable Days176141146127136126118137113114

KDDL Ltd Stock News

KDDL Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of KDDL on 14-Jun-2024 16:01 is ₹2,686.
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 14-Jun-2024 16:01 the market cap of KDDL stood at ₹3,369.5.
The latest P/E ratio of KDDL as of 14-Jun-2024 16:01 is 15.31.
The latest P/B ratio of KDDL as of 14-Jun-2024 16:01 is 8.49.
The 52-week high of KDDL is ₹3,110 and the 52-week low is ₹1,317.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KDDL is ₹350.6 ( Cr.) .

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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