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 ₹ 83.2 Cr.
- Current Price ₹ 81.0
- High / Low ₹ 148 / 77.0
- Stock P/E 9.49
- Book Value ₹ 43.7
- Dividend Yield 0.00 %
- ROCE 23.0 %
- 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 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 2 | 7 | 6 | 15 | 32 | 60 | 83 | 97 | 105 | |
| 3 | 7 | 6 | 13 | 29 | 51 | 75 | 81 | 88 | |
| Operating Profit | -1 | 0 | 0 | 2 | 3 | 9 | 8 | 15 | 17 |
| OPM % | -58% | 4% | 5% | 11% | 9% | 14% | 9% | 16% | 16% |
| 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
| Profit before tax | -1 | 0 | 0 | 1 | 2 | 7 | 4 | 11 | 11 |
| Tax % | 0% | 0% | 0% | 5% | 4% | 27% | 31% | 25% | |
| -1 | 0 | 0 | 1 | 2 | 5 | 3 | 8 | 9 | |
| EPS in Rs | -13,400.00 | 4.00 | 1.45 | 25.67 | 56.00 | 6.79 | 2.92 | 7.65 | 8.54 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | 44% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 188% |
| 3 Years: | 67% |
| TTM: | 167% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -33% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 3 | 3 | 3 | 3 | 8 | 10 | 10 | 10 |
| Reserves | -3 | -2 | -2 | -2 | -0 | 1 | 22 | 30 | 35 |
| 4 | 3 | 6 | 7 | 9 | 14 | 18 | 28 | 32 | |
| 1 | 2 | 2 | 3 | 7 | 7 | 7 | 12 | 22 | |
| Total Liabilities | 2 | 5 | 8 | 12 | 19 | 30 | 58 | 81 | 100 |
| 0 | 1 | 1 | 2 | 5 | 6 | 13 | 22 | 22 | |
| CWIP | 0 | 0 | 1 | 0 | 0 | 1 | 2 | 3 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 4 | 6 | 9 | 14 | 23 | 43 | 56 | 74 | |
| Total Assets | 2 | 5 | 8 | 12 | 19 | 30 | 58 | 81 | 100 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -1 | -1 | -2 | 0 | 2 | -2 | -10 | 5 | |
| -0 | -0 | -2 | -1 | -3 | -3 | -9 | -15 | |
| 1 | 1 | 3 | 1 | 1 | 4 | 23 | 7 | |
| Net Cash Flow | 0 | -0 | 0 | 0 | -0 | 0 | 3 | -2 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 123 | 47 | 44 | 35 | 22 | 27 | 36 | 33 |
| Inventory Days | 111 | 180 | 302 | 213 | 140 | 156 | 154 | 186 |
| Days Payable | 81 | 108 | 149 | 103 | 106 | 39 | 34 | 54 |
| Cash Conversion Cycle | 153 | 119 | 197 | 145 | 56 | 144 | 157 | 166 |
| Working Capital Days | 169 | 99 | 88 | 55 | 21 | 35 | 86 | 69 |
| ROCE % | 10% | 5% | 19% | 23% | 46% | 18% | 23% |
Documents
Announcements
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Updates
27 February 2026 - Kundan Edifice awarded 'A' vendor rating by Panasonic Life Solutions India on 27/02/2026.
-
Updates
26 February 2026 - Secured 20.5/35 score in V-Guard vendor assessment on 26-02-2026.
-
Updates
25 February 2026 - Product training for Panasonic All India sales team on Kundan LED portfolio conducted 25/02/2026.
-
Updates
24 February 2026 - Kundan scored 58.4% in Havells vendor system audit (24 Feb 2026).
-
Updates
11 February 2026 - Launched Make-in-India Neon Flex LED for advertisement and façade lighting; highlights efficiency, durability, customization benefits.
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.