Visdem Technosys Ltd
Incorporated in 2010, Kundan Edifice Ltd is a manufacturer and supplier of flexible LED Strip lights, LED neon lights and smart strip solutions.[1]
- Market Cap ₹ 95.8 Cr.
- Current Price ₹ 93.2
- High / Low ₹ 133 / 61.0
- Stock P/E 12.3
- Book Value ₹ 46.7
- Dividend Yield 0.00 %
- ROCE 19.1 %
- ROE 17.6 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 39.5 to 48.7 days.
* 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 2 | 7 | 6 | 15 | 32 | 60 | 83 | 97 | 105 | |
| 3 | 7 | 6 | 13 | 29 | 51 | 75 | 81 | 89 | |
| Operating Profit | -1 | 0 | 0 | 2 | 3 | 9 | 8 | 15 | 16 |
| OPM % | -58% | 3.9% | 5% | 11% | 9% | 14% | 9% | 16% | 16% |
| 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Profit before tax | -1 | 0 | 0 | 1 | 2 | 7 | 4 | 11 | 10 |
| Tax % | 0% | 0% | 0% | 5% | 4% | 27% | 31% | 25% | 25% |
| -1 | 0 | 0 | 1 | 2 | 5 | 3 | 8 | 8 | |
| EPS in Rs | -13,400.00 | 4.00 | 1.45 | 25.67 | 56.00 | 6.79 | 2.92 | 7.65 | 7.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 21% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 55% |
| 3 Years: | 15% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 23% |
| 3 Years: | 18% |
| Last Year: | 18% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 3 | 3 | 3 | 3 | 8 | 10 | 10 | 10 |
| Reserves | -3 | -2 | -2 | -2 | -0 | 1 | 22 | 30 | 38 |
| 4 | 3 | 6 | 7 | 9 | 14 | 18 | 28 | 35 | |
| 1 | 2 | 2 | 3 | 7 | 7 | 7 | 12 | 17 | |
| Total Liabilities | 2 | 5 | 8 | 12 | 19 | 30 | 58 | 81 | 100 |
| 0 | 1 | 1 | 2 | 5 | 6 | 13 | 22 | 25 | |
| 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 | 72 | |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -1 | -1 | -2 | 0 | 2 | -2 | -10 | 5 | 3 | |
| -0 | -0 | -2 | -1 | -3 | -3 | -9 | -15 | -6 | |
| 1 | 1 | 3 | 1 | 1 | 4 | 23 | 7 | 3 | |
| Net Cash Flow | 0 | -0 | 0 | 0 | -0 | 0 | 3 | -2 | -1 |
| Free Cash Flow | -1 | -1 | -3 | -1 | -1 | -4 | -19 | -7 | -3 |
| CFO/OP | 119% | -372% | -497% | 12% | 69% | -16% | -113% | 49% | 31% |
Ratios
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 123 | 47 | 44 | 35 | 22 | 27 | 36 | 33 | 49 |
| Inventory Days | 111 | 180 | 302 | 213 | 140 | 156 | 154 | 186 | 236 |
| Days Payable | 81 | 108 | 149 | 103 | 106 | 39 | 34 | 54 | 76 |
| Cash Conversion Cycle | 153 | 119 | 197 | 145 | 56 | 144 | 157 | 166 | 210 |
| Working Capital Days | 169 | 99 | 88 | 55 | 21 | 35 | 86 | 69 | 78 |
| ROCE % | 10% | 5% | 19% | 23% | 46% | 18% | 23% | 19% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Installed Capacity - LED Strip (SMT) meters per annum |
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| Number of Clients count |
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| Number of Employees (Total) count |
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| Repeat Customer Revenue % % |
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| Installed Capacity - HV Flex Nos per annum |
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| Installed Capacity - LV Flex Nos per annum |
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Extracted by Screener AI
Documents
Announcements
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Shareholders meeting
- AGM voting results for 30 Sep 2026; audited accounts and Mallika Mukesh Gupta reappointment approved.
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Updates
- Visdem launched SPARKLE LIGHT, a domestic recessed lighting product expected to generate Rs 20 crore annually.
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Shareholders meeting
- 16th AGM held on 30 Sep 2026; audited financials adopted and director reappointment proposed.
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Resignation of Director/KMP/SMP
- Visdem Technosys Limited has informed about Resignation of Director/KMP/SMP
-
Resignation
- Board approved CFO resignation and appointed Tejal Rockson Dias as CFO effective 26 September 2026.
Annual reports
-
Annual Report 2026
from nse
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Annual Report 2025
from nse
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Annual Report 2024
from nse
Concalls
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Aug 2026Transcript REC
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Jun 2026Transcript PPT
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Apr 2026Transcript
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Mar 2026Transcript
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Mar 2026Transcript
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Nov 2025PPT
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Nov 2025PPT
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Oct 2025PPT
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Jun 2025PPT
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Jun 2024PPT
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Jun 2024PPT
Business Overview:[1]
KEL started its business as a flexible LED strip manufacturer and is currently working
as a OEM /ODM partner in the electronics and lighting solution space. The company provides end-to-end product capabilities from design and prototyping to manufacturing, assemble, and sales, etc.