Kddl Limited (KDDL) · mywealthgrid

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About

KDDL operates in gems, jewelry, and watches within Consumer Discretionary. The company has two operational tiers—standalone business (₹115–150 Cr quarterly revenue) and consolidated group (₹500–600 Cr)—with a market cap of ₹4,834 Cr. It serves the Indian consumer durables market.

Face value: ₹10

Market cap

₹4,811 Cr

P/E

49.6×

P/B

4.5×

Dividend yield

0.6%

ROE

8.8%

ROCE

11.9%

Debt / equity

0.14

OPM

14.3%

EPS (TTM)

₹78.3

Book value

₹871.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

High valuation multiple (PE 49.82) against low ROE (8.83%)—verify earnings growth trajectory justifies the multiple
Consumer discretionary exposure; sensitive to economic cycles, interest rates, and consumer spending; verify Q1–Q2 trends against seasonal patterns
Consolidated margins (13–15% OPM) significantly lag standalone margins (19–26%), signaling operational drag from group entities; clarify subsidiary performance and turnaround plans
Gems and jewelry subject to commodity price volatility and precious-metal import tariffs—verify hedging and sourcing strategy

Generated analysis · source review pending

Growth drivers

Consolidated revenue (₹500–600 Cr/q) exceeds standalone (₹115–150 Cr/q), but OPM lags (13–15% vs 19–26%); verify plans to narrow this margin gap
Standalone operations show 19–26% OPM, indicating strong per-unit profitability; scaling these products/geographies drives earnings growth
Regular dividend payments across recent quarters confirm cash generation, enabling reinvestment in capacity or category expansion
Verify jewelry/gems premiumization trends, export potential, and whether wedding-season demand cycles show near-term revenue acceleration

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹3,911.2-0.5%1Y

Quick read

rule-based

Pros

+Profit CAGR of 73.1% over the last 5 years
+Revenue CAGR of 31.4% over the last 5 years
+Dividend payout of 29.2% of profit

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

57/100

Business quality: 39
Growth: 89
Valuation: 42

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	503	624	652	549	816	1,119	1,391	1,648	2,153
COGS	302	361	378	324	472	629	794	975	1,276
Gross profit	201	263	275	225	344	491	597	672	877
	157	198	199	160	237	330	350	412	568
	44	65	76	65	107	161	248	260	309
OPM %	8.8%	10.5%	11.6%	11.9%	13.1%	14.4%	17.8%	15.8%	14.3%
Depreciation	12	13	48	46	45	49	65	86	122
Interest	12	15	29	27	25	24	26	31	42
	5	3	6	18	15	20	29	47	52
Profit before tax	25	40	5	11	52	108	186	190	196
Tax	7	15	7	4	15	31	49	47	60
Tax %	28%	37.7%	138.1%	34.4%	29%	28.5%	26.2%	24.9%	30.9%
	18	25	-2	7	37	77	137	142	135
PAT margin %	3.6%	4%	-0.3%	1.3%	4.6%	6.9%	9.9%	8.6%	6.3%
EPS (₹)	16.8	22.2	-0.5	4.9	25.3	42.2	81.9	76.3	71.6
EPS adjusted (₹)	—	—	-0.5	4.8	24.9	42.5	108.9	76.4	71.1
	14.9%	11.3%	—	30.9%	11.9%	147%	4.9%	6.6%	32.1%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	12	12	13	13	13	12	12
Reserves	—	175	239	444	721	903	1,068
Minority interest	—	41	58	246	410	495	838
	—	156	155	128	105	129	156
	—	234	274	331	393	551	680
Total equity & liabilities	—	618	739	1,161	1,642	2,090	2,755
	159	154	160	303	350	601	723
CWIP	—	5	2	13	42	47	22
Investments	—	1	3	5	6	8	8
	—	457	572	839	1,244	1,434	2,002
Total assets	—	618	739	1,161	1,642	2,090	2,755

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Watches, accessories and other luxury items and related services	1,626.67	110.74	1,567.2	219.04	1,348.16	8.21
Precision and watch components	503.39	105.57

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	42.2%	42.1%	41.1%	42.2%	43.8%	43%	40.8%	40.7%
EBITDA margin %	10.5%	11.7%	11.8%	13.1%	14.4%	17.8%	15.8%	14.3%
EBIT margin %	8.4%	4.3%	3.4%	7.6%	10%	13.2%	10.6%	8.7%
PAT margin %	4%	-0.3%	1.3%	4.6%	6.9%	9.9%	8.6%	6.3%
Working capital
Receivable days	—	—	27	20	20	19	20	20
Inventory days	—	—	254	216	221	225	246	227
Payable days	—	—	98	82	74	57	43	55
NWC days	—	—	183	155	167	187	223	192
Leverage
Current ratio	—	—	1.48	1.69	2.73	3.59	4.16	3.85
Debt to EBITDA	—	—	2.4	1.45	0.79	0.42	0.5	0.51
Debt to equity	—	—	0.84	0.62	0.28	0.14	0.14	0.14
Interest coverage	3.7	1.2	1.4	3.1	5.5	8.1	7	5.7
Asset turnover	—	—	0.89	1.11	0.96	0.85	0.79	0.78
Return ratios
Return on assets %	—	—	1.1%	5%	6.6%	8.4%	6.8%	4.9%
Return on capital employed %	—	—	9.6%	17.8%	19.3%	19.3%	14.4%	11.9%
Return on equity %	—	—	3.7%	14.8%	16.9%	18.7%	15.6%	12.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50.21%	50.21%	50.21%	50.21%	50.43%	50.43%	50.43%	50.43%	50.43%	50.43%	50.43%	50.14%
	12.34%	11.83%	11.46%	11.69%	9.68%	9.33%	8.75%	8.39%	8.3%	8.38%	8.16%	7.99%
	1.97%	1.67%	1.63%	1.63%	1.49%	1.71%	2.1%	2.04%	1.71%	1.83%	1.88%	2.17%
	0%	0%	0%	0%	0%	0%	0%	0%	0.13%	0.13%	0.13%	0.13%
	35.48%	36.29%	36.7%	36.47%	38.4%	38.53%	38.72%	39.14%	39.43%	39.23%	39.4%	39.57%
No. of shareholders	—	—	—	—	—	—	—	—	45,717	43,376	41,375	34,728

Promoter holding down 0.07 percentage points since Sep 2023.

2 disclosures

Person	Deal	Shares	Value	Holding	Filed
YASHOVARDHAN SABOOPromoters	BuyGift	4,00,000	₹0	3.25% → 6.50%	3 Oct 20257(2)
ANURADHA SABOOPromoter Group	BuyGift	4,00,000	₹0

16 deals · 25 Aug 2022 – 21 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
21 Aug 2026	PRANAV SHANKAR SABOO	Bulk	BSE	Sell	2,46,000	₹3,650.81	₹89.81 Cr
21 Aug 2026	CLARUS CAPITAL 1	Bulk	BSE	Buy	1,32,086	₹3,650.00	₹48.21 Cr
21 Aug 2026	SETU SECURITIES PVT LTD	Bulk	BSE	Buy	72,701	₹3,650.05	₹26.54 Cr
21 Aug 2026	SETU SECURITIES PVT LTD	Bulk	BSE	Sell	39,701	₹3,722.96	₹14.78 Cr
24 Jan 2024	THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT	Block	BSE	Buy	1,53,476	₹2,849.05	₹43.73 Cr
24 Jan 2024	JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED	Block	BSE	Sell	1,53,476	₹2,849.05	₹43.73 Cr
24 Jan 2024	THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT	Bulk	BSE	Buy	1,53,476	₹2,849.05	₹43.73 Cr
24 Jan 2024	JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED	Bulk	BSE	Sell	1,53,476	₹2,849.05	₹43.73 Cr
1 Jun 2023	ELEVATION CAPITAL V LIMITED	Bulk	NSE	Sell	3,37,357	₹1,070.59	₹36.12 Cr
1 Jun 2023	SIDDHARTH SUNDER IYER	Bulk	NSE	Buy	2,50,000	₹1,071.97	₹26.80 Cr

1–10 of 16

1 / 2

Mr. Yashovardhan SabooExecutive Director-Chairperson related to Promoter
Mr. Sanjeev Kumar MasownExecutive Director
Mr. Nagarajan SubramanianNon-Executive - Independent Director
Mr. Jai Vardhan SabooNon-Executive - Non Independent Director
Mr. Sanjiv SacharNon-Executive - Independent Director
Mrs. Neelima TripathiNon-Executive - Independent Director
Mrs. Anuradha SabooNon-Executive - Non Independent Director
Mr. Chitranjan AgarwalNon-Executive - Independent Director
Mr. Anurag MaheshwariNon-Executive - Independent Director
Brahm Prakash KumarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	18	0.01	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

May 2026Transcript AI Summary PPT REC
Nov 2025Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

3 announcementsExport CSV

30 Sept 2026, 12:16 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

16 Sept 2026, 10:51 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

16 Sept 2026, 9:39 amAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

Date	Category	Subject	Filing
30 Sept 2026, 12:16 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
16 Sept 2026, 10:51 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	42.2%	42.1%	41.1%	42.2%	43.8%	43%	40.8%	40.7%
EBITDA margin %	10.5%	11.7%	11.8%	13.1%	14.4%	17.8%	15.8%	14.3%
EBIT margin %	8.4%	4.3%	3.4%	7.6%	10%	13.2%	10.6%	8.7%
PAT margin %	4%	-0.3%	1.3%	4.6%	6.9%	9.9%	8.6%	6.3%
Working capital
Receivable days	—	—	27	20	20	19	20	20
Inventory days	—	—	254	216	221	225	246	227
Payable days	—	—	98	82	74	57	43	55
NWC days	—	—	183	155	167	187	223	192
Leverage
Current ratio	—	—	1.48	1.69	2.73	3.59	4.16	3.85
Debt to EBITDA	—	—	2.4	1.45	0.79	0.42	0.5	0.51
Debt to equity	—	—	0.84	0.62	0.28	0.14	0.14	0.14
Interest coverage	3.7	1.2	1.4	3.1	5.5	8.1	7	5.7
Asset turnover	—	—	0.89	1.11	0.96	0.85	0.79	0.78
Return ratios
Return on assets %	—	—	1.1%	5%	6.6%	8.4%	6.8%	4.9%
Return on capital employed %	—	—	9.6%	17.8%	19.3%	19.3%	14.4%	11.9%
Return on equity %	—	—	3.7%	14.8%	16.9%	18.7%	15.6%	12.5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL	₹54,578 Cr	₹55,102 Cr	₹39,063 Cr	₹2,616 Cr	7%	₹1,435 Cr	3.8%	31.5%	24.3%	136
Lalithaa Jewellery Mart LimitedLALITHAALALITHAA	₹21,708 Cr	₹23,312 Cr	₹25,024 Cr	₹1,674 Cr	6.7%	₹1,010 Cr	4%	54.3%	41.6%	—
Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL	₹15,118 Cr	₹15,943 Cr	₹9,606 Cr	₹621 Cr	6.6%	₹391 Cr	4.1%	39.1%	27.9%	142
Sky Gold And Diamonds LimitedSKYGOLDSKYGOLD	₹12,557 Cr	₹13,426 Cr	₹7,176 Cr	₹520 Cr	6.9%	₹343 Cr	4.5%	45.9%	29.3%	77
Pc Jeweller LimitedPCJEWELLERPCJEWELLER	₹12,449 Cr	₹13,522 Cr	₹3,505 Cr	₹785 Cr	20%	₹775 Cr	21.3%	11.7%	9.9%	1,082
Bluestone Jewellery And Lifestyle LimitedBLUESTONEBLUESTONE	₹12,008 Cr	₹12,753 Cr	₹2,681 Cr	₹442 Cr	16%	₹56 Cr	0.5%	9.8%	1.1%	659
P N Gadgil Jewellers LimitedPNGJLPNGJL	₹7,897 Cr	₹9,477 Cr	₹11,438 Cr	₹669 Cr	5.7%	₹446 Cr	3.8%	34.3%	23.3%	121
Timex Group India LimitedTIMEXTIMEX	₹7,368 Cr	₹7,370 Cr	₹419 Cr	₹32 Cr	7.7%	₹21 Cr	5%	32.7%	29.4%	—
Ethos LimitedETHOSLTDETHOSLTD	₹6,785 Cr	₹6,786 Cr	₹1,728 Cr	₹223 Cr	12.9%	₹106 Cr	6%	10.4%	7.7%	180
Senco Gold LimitedSENCOSENCO	₹5,199 Cr	₹6,769 Cr	₹9,660 Cr	₹999 Cr	11.5%	₹571 Cr	6.8%	38%	25.6%	259
Kddl LimitedKDDLKDDL	₹4,811 Cr	₹4,967 Cr	₹2,322 Cr	₹335 Cr	14.3%	₹97 Cr	6.3%	11.9%	8.8%	192
D. P. Abhushan LimitedDPABHUSHANDPABHUSHAN	₹4,273 Cr	₹4,433 Cr	₹2,340 Cr	₹100 Cr	4.3%	₹62 Cr	2.6%	40.8%	29.4%	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	90	43	46	98	-4	144
	-22	-36	-267	66	109	-420
	-60	14	227	17	-149	290
Net cash flow	8	21	6	181	-44	14
Free cash flow	72	16	-26	14	-144	-4
CFO / Operating profit %	138.8%	39.9%	28.5%	39.5%	-1.7%	46.6%

Kddl Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Not in the F&O segment

21

1

Announcements

Annual reports

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Luxury cars · revenue

Kddl Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Dividends21

Board meetings1

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Luxury cars · revenue

21

1