Kundan Edifice Ltd
Incorporated in 2010, Kundan Edifice Limited is engaged in the business of manufacturing, assembly, and sale of light-emitting diode ("LED") strip lights[1]
- Market Cap ₹ 98.9 Cr.
- Current Price ₹ 96.3
- High / Low ₹ 175 / 91.0
- Stock P/E 12.6
- Book Value ₹ 39.3
- Dividend Yield 0.00 %
- ROCE 22.8 %
- ROE 21.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 188% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoters have pledged or encumbered 65.0% of their holding.
* 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
Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 1.96 | 7.39 | 6.46 | 14.99 | 32.20 | 59.50 | 83.02 | 98.20 | |
| 3.09 | 7.10 | 6.13 | 13.30 | 29.41 | 50.87 | 75.32 | 82.88 | |
| Operating Profit | -1.13 | 0.29 | 0.33 | 1.69 | 2.79 | 8.63 | 7.70 | 15.32 |
| OPM % | -57.65% | 3.92% | 5.11% | 11.27% | 8.66% | 14.50% | 9.27% | 15.60% |
| 0.03 | 0.03 | 0.03 | -0.03 | 0.03 | 0.24 | 0.24 | 0.46 | |
| Interest | 0.16 | 0.13 | 0.21 | 0.55 | 0.63 | 1.08 | 2.30 | 3.04 |
| Depreciation | 0.08 | 0.08 | 0.11 | 0.30 | 0.43 | 0.84 | 1.29 | 2.21 |
| Profit before tax | -1.34 | 0.11 | 0.04 | 0.81 | 1.76 | 6.95 | 4.35 | 10.53 |
| Tax % | 0.00% | 0.00% | 0.00% | 4.94% | 3.98% | 26.76% | 31.03% | 25.36% |
| -1.34 | 0.11 | 0.04 | 0.77 | 1.68 | 5.09 | 3.00 | 7.86 | |
| EPS in Rs | -13,400.00 | 4.00 | 1.45 | 25.67 | 56.00 | 6.79 | 2.92 | 7.65 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | 45% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 188% |
| 3 Years: | 67% |
| TTM: | 162% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -44% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 26% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 2.75 | 2.75 | 3.00 | 3.00 | 7.50 | 10.27 | 10.27 |
| Reserves | -2.52 | -2.41 | -2.47 | -1.70 | -0.02 | 0.61 | 22.21 | 30.08 |
| 4.12 | 2.76 | 6.37 | 7.29 | 9.05 | 14.50 | 18.09 | 28.30 | |
| 0.58 | 1.90 | 1.82 | 3.27 | 7.25 | 7.05 | 7.44 | 12.45 | |
| Total Liabilities | 2.19 | 5.00 | 8.47 | 11.86 | 19.28 | 29.66 | 58.01 | 81.10 |
| 0.41 | 0.66 | 0.72 | 2.49 | 5.09 | 5.73 | 12.69 | 23.19 | |
| CWIP | 0.00 | 0.00 | 1.38 | 0.00 | 0.38 | 1.37 | 2.06 | 1.48 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1.78 | 4.34 | 6.37 | 9.37 | 13.81 | 22.56 | 43.26 | 56.43 | |
| Total Assets | 2.19 | 5.00 | 8.47 | 11.86 | 19.28 | 29.66 | 58.01 | 81.10 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -1.34 | -1.08 | -1.64 | 0.22 | 2.07 | -1.62 | -9.88 | 5.18 | |
| -0.06 | -0.33 | -1.55 | -0.81 | -3.44 | -2.69 | -9.44 | -14.62 | |
| 1.42 | 1.38 | 3.40 | 0.62 | 1.13 | 4.38 | 22.65 | 7.18 | |
| Net Cash Flow | 0.02 | -0.03 | 0.21 | 0.03 | -0.23 | 0.07 | 3.33 | -2.26 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 122.91 | 47.42 | 43.51 | 35.06 | 22.10 | 27.42 | 36.36 | 32.97 |
| Inventory Days | 110.91 | 180.00 | 302.46 | 212.67 | 139.78 | 155.76 | 154.46 | 186.16 |
| Days Payable | 80.66 | 108.33 | 148.67 | 103.02 | 105.70 | 39.23 | 33.83 | 53.57 |
| Cash Conversion Cycle | 153.16 | 119.08 | 197.30 | 144.71 | 56.18 | 143.95 | 156.99 | 165.56 |
| Working Capital Days | 169.46 | 98.78 | 88.14 | 55.03 | 21.08 | 34.91 | 87.89 | 67.87 |
| ROCE % | 10.19% | 5.13% | 19.42% | 23.18% | 46.36% | 18.17% | 22.76% |
Documents
Announcements
-
Copy of Newspaper Publication
8 September 2025 - Notice of 15th AGM on 30 Sep 2025; e-voting and book-closure published 08 Sep 2025.
-
General Updates
6 September 2025 - 15th AGM on 30 Sep 2025; FY2024-25 annual report; MD pay to Rs.90L, WTD to Rs.75L.
-
Shareholders meeting
6 September 2025 - AGM on 30 Sep 2025; propose MD pay to Rs90L, WTD pay Rs75L; auditors reappointment.
-
Copy of Newspaper Publication
4 September 2025 - Notice of 15th AGM on 30 Sep 2025 at 2:30 PM; published 04 Sep 2025.
-
Updates
4 September 2025 - 03/09/2025: Board approved director reappointment, auditors' appointments, AGM notice, and proposed managerial remuneration increases.
Business Profile[1] Kundan Edifice is an original design manufacturer ("ODM"); they design, develop, manufacture, and supply products to customers who then further distribute them under their brands. The company also provides custom products.