KDDL

KDDL Limited

Watch components, industrial precision engineering and luxury watch brands

Consumer Discretionary›Consumer Durables›Consumer Durables›Gems, Jewellery And Watches

kddl.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹3824.60
Market cap
4,704 Cr
Stock P/E
48.5
P/B
4.35
Dividend yield
0.5%
ROE (FY26)
4.6%
ROCE (FY26)
11.5%
Operating margin (FY26)
8.7%
Debt / equity (FY26)
0.14
OCF / EBITDA (FY26)
46.6%
OCF / EBITDA (3Y)
29.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

KDDL makes watch components (dials, hands and bracelets) for Swiss, Indian and Japanese watch brands, and also runs precision engineering and luxury packaging businesses.

Company snapshot

15thBy market cap

Ranked among 39 companies in Gems, Jewellery And Watches.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 76.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Precision and watch components
22.4%
275 Cr58 Cr—
Watcheseaccessoriesandotherluxuryitemsandrelatedservices
76.6%
941 Cr96 Cr—
others
1.0%
13 Cr-0.25 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.14x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 29% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 20251Dec 2025Mar 2026Jun 2026
Sales340 Cr372 Cr348 Cr360 Cr396 Cr472 Cr420 Cr465 Cr517 Cr597 Cr575 Cr634 Cr
Operating expenses (approx.)277 Cr306 Cr287 Cr305 Cr333 Cr394 Cr355 Cr396 Cr445 Cr514 Cr490 Cr539 Cr
EBITDA62 Cr66 Cr61 Cr55 Cr63 Cr78 Cr64 Cr69 Cr72 Cr83 Cr85 Cr95 Cr
OPM %18.3%17.7%17.4%15.2%15.9%16.5%15.4%14.7%13.9%13.9%14.9%15.0%
Other income6 Cr7 Cr9 Cr10 Cr14 Cr11 Cr11 Cr12 Cr14 Cr19 Cr10 Cr13 Cr
Interest7 Cr6 Cr6 Cr7 Cr7 Cr9 Cr8 Cr9 Cr10 Cr11 Cr12 Cr12 Cr
Depreciation17 Cr17 Cr17 Cr19 Cr20 Cr24 Cr24 Cr27 Cr29 Cr33 Cr33 Cr35 Cr
Profit before tax45 Cr50 Cr47 Cr39 Cr49 Cr57 Cr44 Cr44 Cr47 Cr54 Cr50 Cr62 Cr
Tax %27.3%26.3%25.9%28.9%28.0%16.9%28.2%32.4%—29.6%31.5%27.8%
Net profit33 Cr37 Cr35 Cr28 Cr36 Cr47 Cr32 Cr30 Cr33 Cr38 Cr35 Cr45 Cr
EPS (₹)₹20.29₹20.64₹20.40₹13.78₹19.65₹26.10₹16.37₹16.61—₹18.69₹20.58₹23.87
  1. 1Sept 2025: Derived from year-to-date: the half-year to 30 Sep 2025 less the quarter to 30 Jun 2025; the filing gives no figures for this quarter alone

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales458 Cr503 Cr624 Cr652 Cr549 Cr816 Cr1,119 Cr1,391 Cr1,648 Cr2,153 CrSign in free for the trailing twelve months
Operating expenses (approx.)434 Cr459 Cr559 Cr576 Cr484 Cr709 Cr958 Cr1,143 Cr1,388 Cr1,845 CrSign in free for the trailing twelve months
EBITDA25 Cr44 Cr65 Cr76 Cr65 Cr107 Cr161 Cr248 Cr260 Cr309 CrSign in free for the trailing twelve months
OPM %5.4%8.8%10.5%11.6%11.8%13.1%14.4%17.8%15.8%14.3%Sign in free for the trailing twelve months
Other income5 Cr5 Cr3 Cr6 Cr18 Cr15 Cr19 Cr29 Cr47 Cr54 CrSign in free for the trailing twelve months
Interest14 Cr12 Cr15 Cr29 Cr27 Cr25 Cr24 Cr26 Cr31 Cr42 CrSign in free for the trailing twelve months
Depreciation12 Cr12 Cr13 Cr48 Cr46 Cr45 Cr49 Cr65 Cr86 Cr122 CrSign in free for the trailing twelve months
Profit before tax4 Cr25 Cr40 Cr5 Cr11 Cr52 Cr108 Cr186 Cr190 Cr196 CrSign in free for the trailing twelve months
Tax %48.2%28.0%37.7%138.1%34.4%29.0%28.5%26.2%24.9%30.9%Sign in free for the trailing twelve months
Net profit2 Cr18 Cr25 Cr-2 Cr7 Cr37 Cr77 Cr137 Cr142 Cr135 CrSign in free for the trailing twelve months
EPS (₹)₹1.76₹16.75₹22.16₹-0.51₹4.86₹25.26₹42.18₹81.90₹76.26₹71.63Sign in free for the trailing twelve months
Dividend payout %————0.0%5.1%8.6%54.5%3.5%18.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital11 Cr11 Cr12 Cr12 Cr12 Cr13 Cr13 Cr13 Cr12 Cr12 Cr
Reserves96 Cr121 Cr179 Cr174 Cr175 Cr239 Cr444 Cr721 Cr903 Cr1,068 Cr
Borrowings96 Cr110 Cr127 Cr154 Cr156 Cr155 Cr128 Cr105 Cr129 Cr156 Cr
Other liabilities123 Cr159 Cr154 Cr275 Cr234 Cr274 Cr331 Cr393 Cr551 Cr680 Cr
Total liabilities361 Cr430 Cr516 Cr657 Cr618 Cr739 Cr1,161 Cr1,642 Cr2,090 Cr2,755 Cr
Fixed assets (net)78 Cr84 Cr143 Cr159 Cr154 Cr160 Cr187 Cr197 Cr571 Cr375 Cr
CWIP5 Cr24 Cr7 Cr3 Cr5 Cr2 Cr13 Cr42 Cr47 Cr22 Cr
Investments0.49 Cr0.49 Cr0.77 Cr1 Cr0.48 Cr3 Cr5 Cr6 Cr8 Cr8 Cr
Loans & advances——5 Cr8 Cr—0.96 Cr1 Cr1 Cr0.59 Cr0.99 Cr
Inventories190 Cr201 Cr240 Cr253 Cr225 Cr280 Cr381 Cr490 Cr658 Cr793 Cr
Trade receivables26 Cr33 Cr30 Cr28 Cr41 Cr45 Cr62 Cr71 Cr88 Cr117 Cr
Cash & bank12 Cr11 Cr17 Cr23 Cr31 Cr52 Cr58 Cr239 Cr195 Cr209 Cr
Other assets50 Cr77 Cr73 Cr182 Cr161 Cr195 Cr452 Cr597 Cr523 Cr1,231 Cr
Total assets361 Cr430 Cr516 Cr657 Cr618 Cr739 Cr1,161 Cr1,642 Cr2,090 Cr2,755 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity21 Cr15 Cr——90 Cr43 Cr46 Cr98 Cr-4 Cr144 Cr
Cash from investing-19 Cr-29 Cr——-22 Cr-36 Cr-267 Cr66 Cr109 Cr-420 Cr
Cash from financing13 Cr15 Cr——-60 Cr14 Cr227 Cr17 Cr-149 Cr290 Cr
Net cash flow15 Cr0.36 Cr——8 Cr21 Cr6 Cr181 Cr-44 Cr14 Cr
Free cash flow (OCF − Capex)4 Cr-19 Cr——72 Cr16 Cr-26 Cr14 Cr-144 Cr-4 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.5%13.7%15.3%8.8%9.8%16.6%15.9%17.0%14.4%11.5%
ROE %1.5%11.2%9.4%-0.3%3.1%10.3%7.6%12.0%6.7%4.6%
Debtor days21241816272020191920
Inventory days2307194519601953208616551604185422382000
Days payable869834674675805625539470390484
Cash conversion cycle1459113513031295130810501085140318671536
OCF / EBITDA %84.0%34.3%——138.8%39.9%28.5%39.5%-1.7%46.6%
OCF / EBITDA % (3 years)——————53.6%36.1%20.8%29.1%
Debt / equity0.890.830.670.830.840.620.280.140.140.14
Current ratio1.421.351.631.401.481.692.733.594.163.85
Net debt / EBITDA3.38—1.681.73—0.960.43-0.54-0.25-0.17