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 ₹ 111 Cr.
- Current Price ₹ 108
- High / Low ₹ 167 / 81.0
- Stock P/E 12.6
- 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 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 | 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: | -26% |
| 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
1 December 2025 - 1,610,000 shares released after loans repaid; pledges dated June–Nov 2025; no pledge outstanding.
-
Updates
19 November 2025 - Kundan Edifice submits investor presentation for period ended November 2025 to NSE on 18-Nov-2025.
-
Updates
18 November 2025 - Investor presentation for period ended November 2025; financials, operations, product portfolio and FY2025-26 launches.
-
Copy of Newspaper Publication
15 November 2025 - Published unaudited half-year financial results (ended 30 Sep 2025) in newspapers on 15 Nov 2025; available at kundanedifice.com.
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Outcome of Board Meeting
14 November 2025 - Unaudited standalone H1 results for period ended 30 Sep 2025; limited review, unmodified auditor opinion.
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.