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 ₹ 113 Cr.
- Current Price ₹ 110
- High / Low ₹ 167 / 81.0
- Stock P/E 14.4
- Book Value ₹ 39.3
- 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 | |
|---|---|---|---|---|---|---|---|---|
| 1.96 | 7.39 | 6.46 | 14.99 | 32.20 | 59.50 | 83.02 | 96.75 | |
| 3.09 | 7.10 | 6.13 | 13.30 | 29.41 | 50.87 | 75.24 | 81.32 | |
| Operating Profit | -1.13 | 0.29 | 0.33 | 1.69 | 2.79 | 8.63 | 7.78 | 15.43 |
| OPM % | -57.65% | 3.92% | 5.11% | 11.27% | 8.66% | 14.50% | 9.37% | 15.95% |
| 0.03 | 0.03 | 0.03 | -0.03 | 0.03 | 0.24 | 0.24 | 0.44 | |
| Interest | 0.16 | 0.13 | 0.21 | 0.55 | 0.63 | 1.08 | 2.38 | 3.13 |
| 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: | 44% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 188% |
| 3 Years: | 67% |
| TTM: | 163% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -24% |
| 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 | 28.31 | |
| 0.58 | 1.90 | 1.82 | 3.27 | 7.25 | 7.05 | 7.48 | 12.44 | |
| Total Liabilities | 2.19 | 5.00 | 8.47 | 11.86 | 19.28 | 29.66 | 58.05 | 81.10 |
| 0.41 | 0.66 | 0.72 | 2.49 | 5.09 | 5.73 | 12.69 | 21.95 | |
| CWIP | 0.00 | 0.00 | 1.38 | 0.00 | 0.38 | 1.37 | 2.06 | 2.72 |
| 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 | 43.30 | 56.43 | |
| Total Assets | 2.19 | 5.00 | 8.47 | 11.86 | 19.28 | 29.66 | 58.05 | 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 | -10.11 | 5.18 | |
| -0.06 | -0.33 | -1.55 | -0.81 | -3.44 | -2.69 | -9.40 | -14.62 | |
| 1.42 | 1.38 | 3.40 | 0.62 | 1.13 | 4.38 | 22.84 | 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 | 33.46 |
| 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 | 166.05 |
| Working Capital Days | 169.46 | 98.78 | 88.14 | 55.03 | 21.08 | 34.91 | 85.56 | 68.89 |
| ROCE % | 10.19% | 5.13% | 19.42% | 23.18% | 46.36% | 18.39% | 22.95% |
Documents
Announcements
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Price movement
6 November 2025 - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …
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Updates
28 October 2025 - Investor presentation for period ended October 2025 filed with NSE (KEL) on 28-Oct-2025.
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Structural Digital Database
16 October 2025 - SDD compliance certificate for quarter ended 30 Sep 2025; one event captured; no noncompliance.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
9 October 2025 - Kundan Edifice (KEL) exempt from corporate governance report for Sep 30, 2025 quarter due to SME listing.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 October 2025 - Regulation 74(5) certificate for quarter ended 30 Sep 2025 confirming dematerialisation processing.
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.