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 ₹ 127 Cr.
- Current Price ₹ 124
- High / Low ₹ 187 / 91.0
- Stock P/E 16.2
- 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
* 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: | -12% |
| 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 | 186.22 | 112.12 | 229.96 | 137.33 | 67.79 | 90.36 | 137.57 | 144.81 |
| ROCE % | 10.19% | 5.13% | 19.42% | 23.18% | 46.36% | 18.17% | 22.76% |
Documents
Announcements
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Updates
10 June 2025 - Investor presentation for FY ended March 31, 2025, covering company overview and growth.
-
Updates
9 June 2025 - Kundan Edifice pledged 48.3 lakh shares for Rs.5.01 Cr loans to fund operations and expansion.
-
General Updates
7 June 2025 - Statutory auditor certifies full utilization of Rs.25.22 crore IPO proceeds as per prospectus, no deviation.
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General Updates
30 May 2025 - Kundan Edifice exempt from Annual Secretarial Compliance Report for FY 2024-25 as per SEBI SME rules.
-
General Updates
27 May 2025 - Kundan Edifice confirms non-applicability of Large Corporate criteria; borrowings Rs. 28.30 Cr as of March 2025.
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.