KDDL Limited (KDDL) AI Stock Analysis

• Market Cap: ₹28.83B
• Dividend Yield: 0.84%
• Average Volume (3M): 668.00
• Price to Earnings (P/E): 31.3
• Beta (1Y): 1.00
• Revenue Growth: 26.91%
• EPS Growth: 0.67%
• Country: IN
• Employees: 1,359
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 15.80
• Shares Outstanding: 12,299,280
• 10 Day Avg. Volume: 489
• 30 Day Avg. Volume: 668
• PEG Ratio: -6.07
• Price to Book (P/B): 4.32
• Price to Sales (P/S): 2.40
• P/FCF Ratio: -27.47
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ₹2,848.00 ▲(18.42% Upside)

KDDL Limited's strong financial performance, particularly in revenue growth and gross profit margins, is a key strength. However, high P/E ratio and cash flow challenges present risks. Technical indicators show a neutral trend, suggesting stability in the short term.

Positive Factors

Revenue Growth

Strong revenue growth indicates a successful expansion strategy and effective market penetration, supporting long-term business sustainability.

Balance Sheet Health

A healthier balance sheet with reduced leverage enhances financial stability, providing a solid foundation for future growth and investment.

Gross Margin Improvement

Improved gross margins suggest effective cost control, which can lead to higher profitability and competitive pricing advantages.

Negative Factors

Cash Flow Challenges

Negative free cash flow highlights challenges in cash generation, potentially limiting the company's ability to fund new projects or reduce debt.

Net Income Decline

A decline in net income can affect profitability and investor confidence, necessitating strategies to enhance earnings and margin recovery.

Cash Conversion Issues

Difficulty in converting income to cash flow can strain liquidity, affecting the company's ability to meet short-term obligations and invest in growth.

KDDL Limited Business Overview & Revenue Model

Company Description

KDDL Limited, together with its subsidiaries, manufactures and markets watch dials and hands, progressive and press tools, precision engineering components, and sub-assemblies in India. It operates through four segments: Precision and Watch Components, Watch and Accessories, Marketing and Other Support Services, and Others. The company operates and manages retail stores for Swiss watches; trades in watches and accessories; manufactures and distributes packaging boxes; and offers IT-based business solutions. It also exports its products. The company was formerly known as Kamla Dials & Devices Ltd. KDDL Limited was incorporated in 1981 and is headquartered in Chandigarh, India.

How the Company Makes Money

KDDL generates revenue through multiple key streams. The primary source of income comes from the manufacturing and supply of watch components, which includes precision-engineered parts that are sold to various watch brands. Additionally, KDDL earns revenue through its retail operations, where it sells high-end and luxury watches, often through exclusive partnerships with global brands. The company may also benefit from strategic collaborations and joint ventures that enhance its market reach and product offerings. Overall, KDDL's diversified revenue model capitalizes on both manufacturing and retail segments within the watch industry.

KDDL Limited Financial Statement Overview

Summary

KDDL Limited shows strong revenue growth and improved gross profit margins, indicating effective cost management. However, a slight decrease in net income and challenges in cash flow conversion highlight areas for improvement. The balance sheet is stable with reduced financial leverage, but further liability reduction would be beneficial.

Income Statement

KDDL Limited has demonstrated strong revenue growth with a consistent upward trajectory in total revenue over the past years. The gross profit margin has improved significantly, indicating better cost management. However, a slight decrease in net income is noted, impacting the net profit margin. Overall, the income statement shows robust growth and profitability with minor room for improvement in net profits.

Balance Sheet

The company's balance sheet reflects solid equity growth, which enhances its financial stability. The debt-to-equity ratio has decreased over time, indicating reduced financial leverage and risk. Return on equity has been positive, though not consistently high. The equity ratio indicates a healthy balance between assets and equity, but attention to further reducing liabilities would strengthen this position.

Cash Flow

KDDL Limited's cash flow statements reveal a volatile free cash flow position, with recent periods showing negative free cash flow due to high capital expenditure. The operating cash flow to net income ratio suggests challenges in converting income into cash flow, necessitating improvements in cash generation. Despite these challenges, past periods of positive free cash flow indicate potential for recovery.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	17.53B	16.48B	13.91B	11.08B	8.07B	5.41B
Gross Profit	7.18B	6.72B	2.83B	2.01B	3.05B	1.97B
EBITDA	3.22B	3.07B	2.83B	1.87B	1.22B	864.59M
Net Income	977.80M	946.20M	1.03B	535.89M	319.53M	56.66M
Balance Sheet
Total Assets	0.00	20.90B	16.42B	11.61B	7.39B	6.18B
Cash, Cash Equivalents and Short-Term Investments	5.17B	5.40B	5.30B	2.54B	525.35M	310.39M
Total Debt	0.00	4.53B	2.50B	2.46B	2.65B	2.50B
Total Liabilities	-14.11B	6.80B	4.97B	4.58B	4.29B	3.90B
Stockholders Equity	14.11B	9.15B	7.34B	4.56B	2.53B	1.87B
Cash Flow
Free Cash Flow	0.00	-1.44B	142.94M	-258.99M	157.39M	723.90M
Operating Cash Flow	0.00	-42.60M	978.70M	458.76M	424.02M	901.52M
Investing Cash Flow	0.00	1.09B	655.20M	-2.67B	-357.60M	-221.45M
Financing Cash Flow	0.00	-1.49B	172.10M	2.27B	141.56M	-598.98M

KDDL Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2405.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KDDL, the sentiment is Negative. The current price of 2405.1 is above the 20-day moving average (MA) of 2370.19, below the 50-day MA of 2422.73, and below the 200-day MA of 2602.52, indicating a bearish trend. The MACD of -5.60 indicates Negative momentum. The RSI at 44.14 is Neutral, neither overbought nor oversold. The STOCH value of 31.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KDDL.

KDDL Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ROLEXRINGS	76 Outperform	₹33.50B	19.90	―	―	-7.82%	5.33%
MAYURUNIQ	75 Outperform	₹20.76B	13.51	―	1.01%	11.55%	13.57%
SIYSIL	68 Neutral	₹26.51B	12.69	―	1.89%	16.27%	8.54%
KDDL	67 Neutral	₹28.83B	31.26	―	0.84%	26.91%	0.67%
KKCL	66 Neutral	₹28.01B	21.57	―	0.41%	28.67%	-20.77%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RPSGVENT	54 Neutral	₹23.88B	-56.82	―	―	23.60%	72.41%

KDDL Limited Corporate Events

KDDL Seeks Shareholder Nod via E-Voting for Board Appointment

KDDL Limited has launched a postal ballot process to seek shareholder approval via remote e-voting on resolutions detailed in a newly issued notice, in compliance with the Companies Act and SEBI’s listing regulations. The ballot, administered through National Securities Depository Limited’s e-voting platform, will run from 1 January to 30 January 2026 for shareholders on record as of 26 December 2025, and includes an ordinary resolution to appoint Mr. Hanspeter Pieth as a Non-Executive, Non-Independent Director effective 1 February 2026, underscoring the company’s continued adherence to formal governance procedures and board-strengthening initiatives.

KDDL Raises Stake to 80% in Watch Subsidiary Artisan Watch Products

KDDL Limited has increased its stake in its subsidiary, Artisan Watch Products Private Limited, by subscribing in cash to 2.4 million equity shares at par value via a rights issue, investing Rs 2.4 crore. Following this transaction, KDDL now holds 4 million shares, representing 80% of Artisan’s equity, thereby strengthening its control over the recently incorporated watch products unit and supporting its business operations and strategic positioning within the watch manufacturing value chain.

KDDL Closes Trading Window Ahead of December Quarter Results

KDDL Limited has announced the closure of its trading window for designated persons starting 1 January 2026, in compliance with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct. The window will remain closed until 48 hours after the declaration of its standalone and consolidated unaudited financial results for the quarter and nine months ended 31 December 2025, with the board meeting date for approving these results to be communicated later, underscoring the company’s adherence to governance norms and insider trading safeguards for market participants.

KDDL Limited Issues Corporate Guarantee for Subsidiary’s Loan

KDDL Limited has announced the provision of a corporate guarantee amounting to EUR 2.63 million (CHF 2.44 million) for a revolving loan facility extended by ICICI Bank UK PLC – Germany Branch to its wholly owned subsidiary, Pylania AG. This guarantee is intended to support the subsidiary’s working capital needs and is recorded as a contingent liability in KDDL’s financial statements, with no immediate impact on the company’s operations or financial position.

KDDL Limited Receives SEBI Compliance Certificate for Q3 2025

KDDL Limited has announced the receipt of a certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ending September 30, 2025. This confirmation from their Registrar and Share Transfer Agent, Mas Services Limited, ensures that securities received for dematerialization were processed and updated in compliance with regulatory requirements, reflecting the company’s commitment to maintaining transparency and regulatory adherence.