Arthneeti

KDDL Q1 FY27 Share Price & Earnings Call Analysis

₹3,860.20+2.48% today
Market cap
₹4,748 Cr
P/E
48.42
ROE
8.90%
PEG
2.64
Price to sales
2.06
Debt to equity
0.47
52W high / low
₹4,252 / ₹2,026
Sales growth (5Y)
31.44%
EBITDA margin
14.44%
Net profit margin
6.33%
Promoter holding
50.15%
Sales (last year)
₹2,322 Cr

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

Guidance scorecard · Q1 FY27 call

What KDDL Ltd's management guided
and where it ranks in Consumer Durables

#26of 87 in
Consumer Durables
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ4 FY26 call

20–40%
  • Revenue growth is expected to continue, driven by volume growth and value/capability enhancements across segments (bracelets, precision engineering, packaging).
  • EBITDA and overall margins are expected to remain stable, with no dramatic changes upward or downward.
  • Precision engineering, bracelet, and packaging businesses are targeted to grow at about 25% CAGR medium to long term.
  • Ethos aims to double its store network in 3 years, with continued focus on acceleration of store openings and revenue growth.
  • Despite inflationary pressures (high wage inflation in India), operational leverage is expected but somewhat offset by rising costs.
  • Market share in precision stamping and components remains small, offering a large headroom for growth through new customers, deeper relationships, and additional capabilities.

2 more points from KDDL Ltd's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what KDDL Ltd said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • INR 50 crores planned capex in standalone business covering bracelet, watch components, precision engineering, and packaging.
  • Ongoing capex for backward integration in Precision Engineering (Eigen) business, expected commissioning in next 3-4 months.
  • Further incremental capacity additions in bracelet division aiming for 25% growth.
  • Capex spread over all businesses; excludes subsidiary investments like Favre-Leuba.
  • Focus on capability enhancement and quality improvements through incremental machine additions.

2 more points from KDDL Ltd's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

See what KDDL Ltd said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

  • Yashovardhan Saboo mentions robust momentum in sectors like EV, energy storage, and electronic components with expanding customer relationships, indicating a healthy pipeline of opportunities.
  • The Precision Engineering business has significant headroom for growth, given the company's small current market share, suggesting potential for increased orders.
  • The Favre-Leuba brand has strong sales and is ramping up production to meet demand, implying a backlog with stores short of stock.
  • Overall, the focus on doubling network stores in Ethos and capex plans across divisions indicate a growth-driven orderbook outlook.
Full Q4 FY26 analysis
Full Consumer Durables ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does KDDL Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹166 Cr20.3
240%+Up 2%+₹100 Cr12.7
340%+Up 0–2%₹3,249 Cr17.4
440%+Up 0–2%₹2,081 Cr18.8
540%+Flat₹2,429 Cr41.1
640%+Flat₹2,163 Cr25.6

Sign up free to see every company in the sector ranking and track KDDL Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables ranking

Financials of KDDL Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of KDDL Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +299332340372348360396472420465517597575
Expenses +257272277306287305334394355397445514490
Operating Profit42596266615563786468728385
OPM %14%18%18%18%17%15%16%16%15%15%14%14%15%
Other Income +766891014121112141610
Interest6776677989101112
Depreciation13151717171920242427293333
Profit before tax30444550473949574444475450
Tax %29%25%27%26%26%29%28%17%28%32%30%30%32%
Net Profit +21333337352836473230333835
EPS in Rs12.8820.5820.2820.6420.4013.7819.9726.4016.5116.6115.7618.6920.58

Financials of KDDL Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +4124504535026256525498161,1191,3911,6482,153
Expenses +3704174254555565724817049521,1371,3791,845
Operating Profit42332847698068113168255269309
OPM %10%7%6%9%11%12%12%14%15%18%16%14%
Other Income +245536191520294652
Interest181817151833303031334042
Depreciation1211121213484645496586122
Profit before tax1484254051152108186190196
Tax %37%47%48%28%38%139%34%29%28%26%25%31%
Net Profit +9421825-273777137142135
EPS in Rs8.744.831.7614.2717.43-0.464.4525.0842.7581.9076.9271.63
Dividend Payout %21%29%78%16%13%-398%31%12%5%76%7%0%

Financials of KDDL Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital91011111212121313131212
Reserves4272961211791741752404447219031,068
Borrowings +122118115138154290250265246250453512
Other Liabilities +1451411341561701771752174536527221,163
Total Liabilities3183423574265156526127341,1561,6362,0902,755
Fixed Assets +74797984144269246267305350603730
CWIP33524735213474822
Investments111111123666
Other Assets +2412592723173633793594638351,2341,4331,997
Total Assets3183423574265156526127341,1561,6362,0902,755

Financials of KDDL Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +156211586490424698-4144
Cash from Investing Activity +-12-18-19-29-27-31-22-35-26766109-420
Cash from Financing Activity +-310131524-26-601422717-149290
Net Cash Flow-0-2150578216181-4414
Free Cash Flow3-104-16-29317316-2524-142-1
CFO/OP47%38%92%38%34%90%138%53%50%55%19%68%

Financials of KDDL Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days222121241816272020192020
Inventory Days257244246243243244254216221225246227
Days Payable129103931048684988274574355
Cash Conversion Cycle150162174163175176183155167187223192
Working Capital Days17344341604249557383114102
ROCE %16%12%8%14%17%8%8%16%18%19%14%11%

Guidance history

How KDDL Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →20–40%FlatPlanned——
Q2 FY26 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

88out of 100

Momentum score · price trend

88 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+54.8%86%
Last 6 months+62.8%91%
Last 3 months+20.9%87%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For KDDL Ltd: 0.4 × 86 + 0.4 × 91 + 0.2 × 87 = 88.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What KDDL Ltd's management said in earlier quarters

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