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 ₹ 85.3 Cr.
- Current Price ₹ 83.0
- High / Low ₹ 148 / 77.0
- Stock P/E 9.72
- 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
* 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: | -22% |
| 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% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|
| Trade Receivables Turnover Times |
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| Installed Production Capacity (LED Strips) Lakh Meters per Annum |
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| HV Product Capacity P.A. Nos |
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| LV Product Capacity P.A. Nos |
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| Manufacturing Facility Area Square Feet |
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| Number of Employees Number |
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| SMT Installed Capacity P.A. Meters |
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| Number of Clients Number |
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Documents
Announcements
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Updates
13 March 2026 - Kundan Edifice expands LED manufacturing (SMD, HV extrusion, packing, rectifier assembly) and adds LED Neon, Wall Washer, SMPS.
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Updates
12 March 2026 - Initiated vendor registration with Hettich India for furniture lighting products; documentation submitted, potential supplier engagement to boost revenues.
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Outcome of Board Meeting
11 March 2026 - Board approved IR/PR appointment and proposed name change to Visdem Technologies on 11 March 2026.
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Updates
11 March 2026 - Order from GM Modular for supply of LED rope/strip lights worth ~INR 80.00 lakh, to execute March 2026.
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Updates
10 March 2026 - Panasonic confirmed approximately INR 4.00 Crore supply order for next three months.
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.