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KDDL Ltd (KDDL)

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

₹3,157.45 -72.25 (-2.24%)

As on 25-Jun'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

₹3,157.45 -72.25 (-2.24%)

As on 25-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,883 Cr.
Current Price
₹3,157.5
52-Week Low / High
₹1,976 / 3,414
TTM EPS
₹62.3
TTM Sales
₹496 Cr.
Book Value per Share
₹312.1
P/E Ratio
50.70
Higher than its 5-year historical median
Industry PE
57.9
Price to Book (P/B)
10.12
Higher than its 5-year historical median
Price to Sales (P/S)
7.83
Higher than its 5-year historical median
EV/EBITDA
29.48
Higher than its 5-year historical median
Dividend Yield
0.16%
Profitability Efficiency
Return on Equity (ROE)
13.52%
Outperforms industry median
Return on Capital Employed (ROCE)
15.73%
In line with industry median
Return on Assets (ROA)
8.87%
Operating Profit Margin
20.3%
Net Profit Margin
13.32%
Gross Profit Margin
21%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.4%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.81%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-77.63%
Asset Quality
Promoter Holding
50.43%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹372 Cr.
Equity
₹12.3 Cr.
Face Value
₹10
All Time Low / High
₹4.59 / 3801.50

KDDL stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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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 15.40%, compared to the industry median CAGR of 15.40%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of KDDL Ltd?
Promoters hold 50.43% 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 33.2% based on the current price.

10 Year X-Ray : Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.5%12%14.1%13.6%9.8%5.9%13.2%31.8%66%15.7%-
Value Creation
Index
0.0-0.20.00.0-0.3-0.6-0.11.33.70.1-

Growth Parameters

Sales 119125146176181147218305351370496
Sales YoY Gr.-5.4%16.3%20.7%2.6%-18.7%48.4%39.9%15%5.4%-
Adj EPS 5.86.510.611.66.32.314.523.5114.935.562.3
YoY Gr.-11.2%64.2%9.4%-46.2%-63.4%534.5%61.8%388.6%-69.1%-
BVPS (₹) 83.8103.3115.6141.6143.5148.5170201.9316.7269.4312.1
Adj Net
Profit
67.111.813.77.42.718.529.514443.677
Cash Flow from Ops. 17.919.214.92728.727.427.840.279.715.3-
Debt/CF from Ops. 2.42.14.42.12.92.82.520.96.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.4%15.4%19.2%5.4%
Adj EPS 22.2%41.5%34.6%-69.1%
BVPS13.9%13.4%16.6%-14.9%
Share Price 31.3% 55.6% 32% 19%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.679.69.24.41.69.512.644.31221.4
Op. Profit
Mgn %
17.517.218.817.916.616.619.217.226.820.321.5
Net Profit
Mgn %
55.78.17.84.11.88.59.741.111.815.5
Debt to
Equity
0.50.40.50.30.50.50.30.30.20.30.2
Working Cap
Days
20620321018015418714113614315972
Cash Conv.
Cycle
79798073761007268667924

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales119125146176181147218305351370
Operating Expenses + 98104118145151123176253276295
Manufacturing Costs20202530312235515673
Material Costs26293445453857768294
Employee Cost 373943495550651029298
Other Costs 15161721191419244729
Operating Profit 21222731302442527475
Operating Profit Margin (%) 17.4%17.2%18.8%17.8%16.5%16.5%19.2%17.2%21.2%20.2%
Other Income + 23555355920314
Exceptional Items 0000000000
Interest 665691089911
Depreciation 7778121212131419
Profit Before Tax 10122022145278925459
Tax 3467526203410
Profit After Tax 78141693216922049
PAT Margin (%) 5.5%6.0%9.7%9.0%5.1%2.3%9.8%22.7%62.8%13.3%
Adjusted EPS (₹)6.46.812.713.47.72.916.755.2175.540.0
Dividend Payout Ratio (%)23%21.60%19.50%18.50%25.50%51.50%17.90%7.20%35.30%12.50%

Valuation of KDDL - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 86114128167169173217253397331
Share Capital 10111112121213131312
Reserves 76103117155158161204241384319
Debt +33305642645745644980
Long Term Debt19223335454139403263
Short Term Debt14923719166241717
Minority Interest0000000000
Trade Payables10101516141521272326
Others Liabilities 434457385355697096107
Total Liabilities 171198257263300300352413566544

Fixed Assets

Net Fixed Assets +59626195107102103111112171
Gross Block1296875117137142152170183259
Accumulated Depreciation7071422314049597188
CWIP 3524221293412
Investments 32486880101107138146138165
Inventories21212731322628394656
Trade Receivables20212924253245605268
Cash Equivalents 510991514161214211
Others Assets 31324023191820364360
Total Assets 171198257263300300352413566544

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 18191527292728408015
PBT 10122022145278925459
Adjustment 1311912182117-31-15323
Changes in Working Capital -01-111-23-1017-51
Tax Paid -4-4-4-8-2-2-7-20-28-16
Cash Flow From Investing Activity + -27-32-37-33-30-12-29-16150-49
Capex -13-13-20-23-11-80-3-36-25
Net Investments -1-42112071220
Others -14-15-18-11-19-6-29-2063-24
Cash Flow From Financing Activity + 8191078-144-32-99-100
Net Proceeds from Shares 30232250025000
Net Proceeds from Borrowing -2212613-11-6-528
Interest Paid -6-6-4-5-8-8-7-9-8-10
Dividend Paid -30-2-3-50-2-7-75-5
Others -11-02-169-5-13-11-10-113
Net Cash Flow -26-121713-8131-134

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.537.5511.6410.675.431.9810.9329.4867.6913.52
ROCE (%)13.5111.9714.113.69.775.8913.2431.8466.0415.73
Asset Turnover Ratio0.780.710.650.680.640.490.670.80.720.67
PAT to CFO Conversion(x)2.572.381.071.693.2291.330.580.360.31
Working Capital Days
Receivable Days5657.5061.7054.2048.9069.9064.306358.1058.80
Inventory Days63.6058.9059.706063.5072.8045.5040.1044.1050.50
Payable Days145.80126.60135.80125.80118.40136.90112.90114.1011294.60

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

KDDL Ltd FAQs

The current trading price of KDDL on 25-Jun-2026 16:59 is ₹3,157.5.

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 24-Jun-2026 the market cap of KDDL stood at ₹3,883.4 Cr

The latest P/E ratio of KDDL as of 24-Jun-2026 is 50.70.

The latest P/B ratio of KDDL as of 24-Jun-2026 is 10.12.

The 52-week high of KDDL is ₹3,413.7 and the 52-week low is ₹1,976.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KDDL is ₹496 ( 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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