KDDL Ltd

KDDL Ltd

₹ 2,695 -3.34%
21 Nov - close price
About

Incorporated in 1981, KDDL manufactures watch components like dials, hands and precision engineering goods under the brand name, Eigen. [1]

Key Points

Business Segments

  • Market Cap 3,383 Cr.
  • Current Price 2,695
  • High / Low 3,815 / 2,090
  • Stock P/E 15.8
  • Book Value 245
  • Dividend Yield 2.30 %
  • ROCE 35.2 %
  • ROE 35.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 49.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.1%
  • Debtor days have improved from 67.0 to 53.6 days.
  • Company's working capital requirements have reduced from 41.4 days to 26.1 days

Cons

  • Stock is trading at 11.0 times its book value
  • Tax rate seems low
  • Earnings include an other income of Rs.208 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
53 57 62 69 75 76 85 89 93 81 88 81 92
43 45 50 54 76 58 65 66 67 62 82 66 71
Operating Profit 10 12 12 15 -1 18 20 23 26 19 6 15 21
OPM % 18% 20% 19% 22% -2% 23% 24% 25% 28% 23% 7% 19% 23%
1 1 2 12 41 3 3 2 2 4 195 4 5
Interest 2 2 2 2 2 2 3 2 2 2 2 2 2
Depreciation 3 3 3 3 3 3 3 3 4 3 3 4 4
Profit before tax 6 8 9 23 34 16 17 19 22 18 196 13 20
Tax % 30% 29% 8% 18% 23% 25% 25% 25% 25% 25% 10% 26% 24%
4 6 8 19 26 12 13 14 16 13 177 10 15
EPS in Rs 3.11 4.37 6.48 14.54 20.75 9.13 10.11 11.37 12.80 10.49 140.88 7.78 12.04
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
96 112 127 119 125 146 176 181 147 218 305 351 343
83 91 102 98 104 118 144 151 123 176 252 276 281
Operating Profit 12 20 25 21 22 27 32 30 24 42 52 74 62
OPM % 13% 18% 20% 18% 17% 19% 18% 17% 16% 19% 17% 21% 18%
0 1 1 2 3 5 4 5 3 5 59 203 208
Interest 7 8 8 6 6 5 6 9 10 8 9 9 9
Depreciation 6 6 7 7 7 7 8 12 12 12 13 14 14
Profit before tax -0 7 10 10 12 20 22 14 5 27 89 254 247
Tax % 6% 37% 37% 32% 35% 30% 29% 34% 34% 22% 22% 13%
-0 4 7 7 8 14 16 9 3 21 69 220 215
EPS in Rs -0.36 4.28 6.58 5.98 6.32 11.72 12.40 7.18 2.66 16.71 55.22 175.52 171.19
Dividend Payout % -253% 32% 28% 23% 22% 20% 19% 26% 52% 18% 4% 36%
Compounded Sales Growth
10 Years: 12%
5 Years: 15%
3 Years: 34%
TTM: 0%
Compounded Profit Growth
10 Years: 38%
5 Years: 49%
3 Years: 224%
TTM: 293%
Stock Price CAGR
10 Years: 27%
5 Years: 52%
3 Years: 63%
1 Year: -9%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 22%
Last Year: 35%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 10 11 11 12 12 12 13 13 13 12
Reserves 38 40 43 76 103 118 155 158 161 204 241 384 295
54 59 54 43 40 66 57 90 84 73 83 72 107
33 31 29 27 30 43 39 41 43 62 77 97 97
Total Liabilities 133 139 136 156 183 238 263 300 300 352 413 566 511
59 57 53 59 62 61 95 107 102 103 111 112 165
CWIP 1 1 2 3 5 24 2 2 1 2 9 34 15
Investments 18 19 19 32 48 68 80 101 107 138 146 138 145
55 62 62 62 68 86 86 90 89 109 147 282 186
Total Assets 133 139 136 156 183 238 263 300 300 352 413 566 511

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10 11 20 18 19 15 27 29 27 28 40 80
-9 -5 -8 -27 -32 -37 -33 -30 -12 -29 -16 150
-1 -3 -14 8 19 10 7 8 -14 4 -32 -98
Net Cash Flow -0 3 -2 -2 6 -12 1 7 1 3 -8 131

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 65 59 52 61 62 71 49 50 79 76 72 54
Inventory Days 308 275 271 297 267 294 251 260 257 178 188 204
Days Payable 210 158 135 139 128 163 129 110 143 132 129 104
Cash Conversion Cycle 163 177 188 219 201 203 172 200 192 122 130 154
Working Capital Days 54 49 47 63 58 58 42 37 87 51 48 26
ROCE % 8% 15% 17% 14% 12% 13% 13% 10% 6% 13% 16% 35%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
46.87% 46.87% 46.87% 49.07% 49.25% 50.18% 50.22% 50.22% 50.22% 50.22% 50.22% 50.44%
20.11% 20.17% 20.12% 20.11% 12.60% 12.27% 12.50% 12.34% 11.83% 11.46% 11.69% 9.68%
8.28% 8.16% 8.13% 2.39% 2.13% 2.35% 2.33% 1.97% 1.67% 1.63% 1.63% 1.48%
0.00% 0.00% 0.00% 0.06% 0.09% 0.10% 0.10% 0.13% 0.15% 0.11% 0.12% 0.11%
24.74% 24.80% 24.89% 28.36% 35.91% 35.10% 34.85% 35.34% 36.13% 36.58% 36.34% 38.29%
No. of Shareholders 7,2546,9497,1337,31510,24210,84313,91717,85821,11321,67222,55858,455

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls