KDDL Ltd

KDDL Ltd

₹ 2,555 0.73%
03 May - close price
About

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

Key Points

Brand Portfolio
1. Ethos: Ethos Watches is India’s largest chain of luxury watch boutiques with 50 stores in India and over 60 premium luxury watch brands. [1]
2. Estima: It supplies high-quality stamped watch hands for the watch industry in Switzerland. [2]
3. Eigen Engineering: It specializes in precision press die design and manufacturing of metal stamping components, plastic injection molds, insert and over molds, etc. [3]
4. Taratec: Taratec KDDL manufactures Watch Dials, Watch Hands, and Indexes for global watch brands. [4]

  • Market Cap 3,203 Cr.
  • Current Price 2,555
  • High / Low 3,120 / 1,032
  • Stock P/E 57.1
  • Book Value 223
  • Dividend Yield 2.27 %
  • ROCE 15.6 %
  • ROE 13.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 19.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 24.6%
  • Company's working capital requirements have reduced from 61.8 days to 47.5 days

Cons

  • Stock is trading at 11.4 times its book value
  • Company has a low return on equity of 9.29% over last 3 years.

* 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.

Peer comparison

Sector: Consumer Durables Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
41 50 46 53 57 62 69 75 76 85 89 93 81
33 38 39 43 45 50 54 76 58 65 66 67 62
Operating Profit 8 12 7 10 12 12 15 -1 18 20 23 26 19
OPM % 19% 24% 16% 18% 20% 19% 22% -2% 23% 24% 25% 28% 23%
1 -0 1 1 1 2 12 41 3 3 2 2 4
Interest 2 2 2 2 2 2 2 2 2 3 2 2 2
Depreciation 3 3 3 3 3 3 3 3 3 3 3 4 3
Profit before tax 3 7 4 6 8 9 23 34 16 17 19 22 18
Tax % 16% 31% 29% 30% 29% 8% 18% 23% 25% 25% 25% 25% 25%
3 5 3 4 6 8 19 26 12 13 14 16 13
EPS in Rs 2.30 3.71 2.16 3.11 4.37 6.48 14.54 20.75 9.13 10.11 11.37 12.80 10.49
Raw PDF
Upcoming result date: 14 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
100 96 112 127 119 125 146 176 181 147 218 305 347
78 83 91 102 98 104 118 144 151 123 176 252 260
Operating Profit 22 12 20 25 21 22 27 32 30 24 42 52 87
OPM % 22% 13% 18% 20% 18% 17% 19% 18% 17% 16% 19% 17% 25%
1 0 1 1 2 3 5 4 5 3 5 59 11
Interest 5 7 8 8 6 6 5 6 9 10 8 9 9
Depreciation 4 6 6 7 7 7 7 8 12 12 12 13 14
Profit before tax 13 -0 7 10 10 12 20 22 14 5 27 89 75
Tax % 34% -6% 37% 37% 32% 35% 30% 29% 34% 34% 22% 22%
9 -0 4 7 7 8 14 16 9 3 21 69 56
EPS in Rs 9.08 -0.36 4.28 6.58 5.98 6.32 11.72 12.40 7.18 2.66 16.71 55.22 44.77
Dividend Payout % 30% -253% 32% 28% 23% 22% 20% 19% 26% 52% 18% 4%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 19%
TTM: 23%
Compounded Profit Growth
10 Years: 53%
5 Years: 19%
3 Years: 51%
TTM: -13%
Stock Price CAGR
10 Years: 42%
5 Years: 41%
3 Years: 103%
1 Year: 118%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 9%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 9 9 10 11 11 12 12 12 13 13 13
Reserves 39 38 40 43 76 103 118 155 158 161 204 241 267
46 54 59 54 43 40 66 57 90 84 73 83 74
35 33 31 29 27 30 43 39 41 43 62 77 87
Total Liabilities 128 133 139 136 156 183 238 263 300 300 352 413 441
47 59 57 53 59 62 61 95 107 102 103 111 114
CWIP 9 1 1 2 3 5 24 2 2 1 2 9 21
Investments 18 18 19 19 32 48 68 80 101 107 138 146 150
53 55 62 62 62 68 86 86 90 89 109 147 156
Total Assets 128 133 139 136 156 183 238 263 300 300 352 413 441

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
16 10 11 20 18 19 15 27 29 27 28 40
-27 -9 -5 -8 -27 -32 -37 -33 -30 -12 -29 -16
10 -1 -3 -14 8 19 10 7 8 -14 4 -32
Net Cash Flow 0 -0 3 -2 -2 6 -12 1 7 1 3 -8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 68 65 59 52 61 62 71 49 50 79 76 72
Inventory Days 255 308 275 271 297 267 294 251 260 257 178 188
Days Payable 141 210 158 135 139 128 163 129 110 143 132 129
Cash Conversion Cycle 182 163 177 188 219 201 203 172 200 192 122 130
Working Capital Days 45 54 49 47 63 58 58 42 37 87 51 48
ROCE % 25% 8% 15% 17% 14% 12% 13% 13% 10% 6% 13% 16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.87% 46.87% 46.87% 46.87% 46.87% 49.07% 49.25% 50.18% 50.22% 50.22% 50.22% 50.22%
19.61% 20.06% 20.11% 20.17% 20.12% 20.11% 12.60% 12.27% 12.50% 12.34% 11.83% 11.46%
9.26% 8.95% 8.28% 8.16% 8.13% 2.39% 2.13% 2.35% 2.33% 1.97% 1.67% 1.63%
0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.09% 0.10% 0.10% 0.13% 0.15% 0.11%
24.27% 24.12% 24.74% 24.80% 24.89% 28.36% 35.91% 35.10% 34.85% 35.34% 36.13% 36.58%
No. of Shareholders 5,0844,8157,2546,9497,1337,31510,24210,84313,91717,85821,11321,672

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls