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 ₹ 84.2 Cr.
- Current Price ₹ 82.0
- High / Low ₹ 148 / 61.0
- Stock P/E 9.60
- 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
Part of Nifty SME Emerge
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: | -20% |
| 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 |
| Free Cash Flow | -1 | -1 | -3 | -1 | -1 | -4 | -19 | -7 |
| CFO/OP | 119% | -372% | -497% | 12% | 69% | -16% | -113% | 49% |
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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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
21 April 2026 - Published EGM notice; meeting on 13 May 2026 via VC/OAVM with e-voting and book closure.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
20 April 2026 - Kundan Edifice says corporate governance report not applicable for SME-listed shares; related party disclosures due with FY26 statements.
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Updates
20 April 2026 - EGM on 13 May 2026 to approve name change to Visdem Technosys and registered office shift to Malad West.
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Shareholders meeting
20 April 2026 - EGM on 13 May 2026 to approve company name change and registered office shift in Maharashtra.
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Structural Digital Database
16 April 2026 - SDD compliance certificate for quarter ended 31 March 2026; no noncompliance observed.
Annual reports
Concalls
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Apr 2026TranscriptPPT
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Mar 2026TranscriptPPT
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Mar 2026TranscriptPPT
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Nov 2025TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Oct 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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.