KDDL Ltd., founded in 1981, is a leading Indian enterprise recognized for its expertise in manufacturing high-precision watch components, including dials and hands, as well as precision-engineered products marketed under its brand, Eigen. Serving a wide spectrum of industries such as electrical and electronics, automobiles, aerospace, and renewable energy, the company has demonstrated versatility and innovation in its engineering solutions. Beyond manufacturing, KDDL has expanded its presence in the luxury retail sector through its subsidiary, Ethos Limited, which operates as one of India’s largest luxury and pre-owned watch retail chains, catering to a discerning clientele. Additionally, the company extends its capabilities to the production of premium packaging solutions and precision-stamped components, reflecting its commitment to quality and precision. Headquartered in Chandigarh, India, KDDL has cemented its reputation as a key player in both domestic and international markets, driven by its focus on innovation, craftsmanship, and customer-centric solutions.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 50.22% | 50.22% | 50.22% | 50.44% | 50.44% |
| FIIs + | 11.83% | 11.46% | 11.69% | 9.68% | 9.33% |
| DIIs + | 1.67% | 1.63% | 1.63% | 1.48% | 1.71% |
| Government + | 0.15% | 0.11% | 0.12% | 0.11% | 0.11% |
| Public + | 36.13% | 36.58% | 36.34% | 38.29% | 38.42% |
| No. of Shareholders | 21,113 | 21,672 | 22,558 | 58,455 | 53,066 |
The shareholding pattern of KDDL reflects a stable ownership structure with variations observed across different categories over the year. Promoters have consistently maintained a majority stake, holding 50.22% from December 2023 to June 2024, which increased slightly to 50.44% by September and remained steady through December 2024. Foreign Institutional Investors (FIIs) showed a decline from 11.83% in December 2023 to 9.33% by December 2024, indicating reduced foreign interest. Domestic Institutional Investors (DIIs) held a relatively small stake, starting at 1.67% in December 2023, with minor fluctuations, ending at 1.71% in December 2024. Government ownership was minimal and consistent, slightly decreasing from 0.15% in December 2023 to 0.11% by December 2024. Public shareholding increased significantly from 36.13% in December 2023 to 38.42% by December 2024, reflecting a growing interest among retail investors. Additionally, the number of shareholders saw a remarkable increase from 21,113 in December 2023 to a peak of 58,455 in September 2024 before settling at 53,066 by December 2024.
Below are the trading platforms that you can use to purchase KDDL shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
KDDL Target: 2025, 2026 to 2030
| When | Maximum Price | Minimum Price |
| April 2025 | 3,222.77 | 2,479.05 |
| May 2025 | 3,128.90 | 2,406.85 |
| June 2025 | 3,269.70 | 2,515.16 |
| July 2025 | 3,205.59 | 2,465.84 |
| August 2025 | 3,304.73 | 2,542.10 |
| September 2025 | 3,344.39 | 2,572.61 |
| October 2025 | 3,431.34 | 2,639.50 |
| November 2025 | 3,517.13 | 2,705.48 |
| December 2025 | 3,675.40 | 2,827.23 |
In 2025, KDDL’s share price is expected to demonstrate a steady upward trajectory. By April 2025, the share price is projected to reach a maximum of ₹3,222.77, with a minimum of ₹2,479.05. As the year progresses, this growth trend is likely to continue, culminating in December 2025, where the share price is anticipated to achieve a maximum of ₹3,675.40 and a minimum of ₹2,827.23.
| When | Maximum Price | Minimum Price |
| January 2026 | 3,785.66 | 2,912.05 |
| February 2026 | 3,691.02 | 2,839.24 |
| March 2026 | 3,764.84 | 2,896.03 |
| April 2026 | 3,841.67 | 2,955.13 |
| May 2026 | 3,803.64 | 2,925.87 |
| June 2026 | 3,898.73 | 2,999.02 |
| July 2026 | 3,822.28 | 2,940.22 |
| August 2026 | 3,940.50 | 3,031.15 |
| September 2026 | 4,019.31 | 3,091.77 |
| October 2026 | 4,123.81 | 3,172.16 |
| November 2026 | 4,226.90 | 3,251.46 |
| December 2026 | 4,332.58 | 3,332.75 |
As we step into 2026, KDDL’s share price is expected to exhibit a consistent growth trend throughout the year. In January 2026, the share price is projected to reach a maximum of ₹3,785.66 and a minimum of ₹2,912.05. As the year unfolds, this positive momentum is likely to persist, culminating in December 2026, where the share price is anticipated to achieve a maximum of ₹4,332.58 and a minimum of ₹3,332.75.
| When | Maximum Price | Minimum Price |
| January 2027 | 4,375.90 | 3,366.08 |
| February 2027 | 4,488.10 | 3,452.39 |
| March 2027 | 4,663.14 | 3,587.03 |
| April 2027 | 4,571.71 | 3,516.70 |
| May 2027 | 4,438.55 | 3,414.27 |
| June 2027 | 4,638.28 | 3,567.91 |
| July 2027 | 4,547.34 | 3,497.95 |
| August 2027 | 4,687.98 | 3,606.14 |
| September 2027 | 4,852.06 | 3,732.35 |
| October 2027 | 4,978.21 | 3,829.39 |
| November 2027 | 5,102.66 | 3,925.13 |
| December 2027 | 5,230.23 | 4,023.25 |
| When | Maximum Price | Minimum Price |
| January 2028 | 5,334.84 | 4,103.72 |
| February 2028 | 5,471.63 | 4,208.94 |
| March 2028 | 5,685.02 | 4,373.09 |
| April 2028 | 5,573.55 | 4,287.35 |
| May 2028 | 5,411.21 | 4,162.47 |
| June 2028 | 5,654.72 | 4,349.78 |
| July 2028 | 5,543.84 | 4,264.49 |
| August 2028 | 5,715.30 | 4,396.38 |
| September 2028 | 5,915.33 | 4,550.26 |
| October 2028 | 6,069.13 | 4,668.56 |
| November 2028 | 6,220.86 | 4,785.28 |
| December 2028 | 6,376.38 | 4,904.91 |
| When | Maximum Price | Minimum Price |
| January 2029 | 6,503.91 | 5,003.01 |
| February 2029 | 6,670.68 | 5,131.29 |
| March 2029 | 6,930.83 | 5,331.41 |
| April 2029 | 6,794.94 | 5,226.87 |
| May 2029 | 6,597.02 | 5,074.63 |
| June 2029 | 6,893.89 | 5,302.99 |
| July 2029 | 6,758.72 | 5,199.01 |
| August 2029 | 6,967.75 | 5,359.81 |
| September 2029 | 7,211.62 | 5,547.40 |
| October 2029 | 7,399.12 | 5,691.63 |
| November 2029 | 7,584.10 | 5,833.92 |
| December 2029 | 7,773.70 | 5,979.77 |
| When | Maximum Price | Minimum Price |
| January 2030 | 7,929.18 | 6,099.37 |
| February 2030 | 8,132.49 | 6,255.76 |
| March 2030 | 8,449.66 | 6,499.74 |
| April 2030 | 8,283.98 | 6,372.29 |
| May 2030 | 8,042.70 | 6,186.69 |
| June 2030 | 8,404.62 | 6,465.09 |
| July 2030 | 8,239.82 | 6,338.32 |
| August 2030 | 8,494.66 | 6,534.35 |
| September 2030 | 8,791.97 | 6,763.06 |
| October 2030 | 9,020.57 | 6,938.90 |
| November 2030 | 9,246.08 | 7,112.37 |
| December 2030 | 9,477.23 | 7,290.18 |
As we move forward into 2030, KDDL’s share price is forecasted to showcase substantial growth, reflecting its strong market presence. In January 2030, the maximum price is expected to be ₹7,929.18, while the minimum is anticipated to reach ₹6,099.37. Progressing through the year, this upward trajectory is likely to continue, with December 2030 projected to see a maximum price of ₹9,477.23 and a minimum of ₹7,290.18.
Financial Strength of KDDL
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 652 | 549 | 816 | 1,119 | 1,391 | 1,576 |
| Expenses + | 572 | 481 | 704 | 952 | 1,137 | 1,320 |
| Operating Profit | 80 | 68 | 113 | 168 | 255 | 256 |
| OPM % | 12% | 12% | 14% | 15% | 18% | 16% |
| Other Income + | 6 | 19 | 15 | 20 | 29 | 45 |
| Interest | 33 | 30 | 30 | 31 | 33 | 30 |
| Depreciation | 48 | 46 | 45 | 49 | 65 | 79 |
| Profit before tax | 5 | 11 | 52 | 108 | 186 | 193 |
| Tax % | 139% | 34% | 29% | 28% | 26% | |
| Net Profit + | -2 | 7 | 37 | 77 | 137 | 146 |
| EPS in Rs | -0.46 | 4.45 | 25.08 | 42.75 | 81.9 | 79.67 |
| Dividend Payout % | -398% | 31% | 12% | 5% | 76% |
KDDL has showcased remarkable financial growth and resilience over the years, reflecting its strategic business operations and focus on efficiency. From March 2020 to the trailing twelve months (TTM), the company’s sales grew steadily, rising from ₹652 crore in March 2020 to ₹1,576 crore in the TTM, indicating a strong revenue trajectory. Operating profit also saw significant improvement, increasing from ₹80 crore in 2020 to ₹256 crore in the TTM. The Operating Profit Margin (OPM%) demonstrated a consistent upward trend, climbing from 12% in 2020 to 16% in the TTM, with a notable peak of 18% in March 2024. These improvements reflect the company’s ability to manage costs effectively while scaling its operations.
Net profit also experienced substantial growth, recovering from a loss of ₹2 crore in March 2020 to a profit of ₹146 crore in the TTM. This turnaround was supported by a rise in other income, which increased from ₹6 crore in 2020 to ₹45 crore in the TTM, and prudent management of interest costs, which remained stable around ₹30 crore. Despite an increase in depreciation due to asset expansion, profit before tax surged from ₹5 crore in March 2020 to ₹193 crore in the TTM. Earnings per share (EPS) also climbed significantly, from a negative ₹0.46 in 2020 to ₹79.67 in the TTM, reflecting enhanced shareholder value. While the dividend payout ratio varied, peaking at 76% in March 2024, it highlights KDDL’s commitment to balancing reinvestment in growth with rewarding its shareholders. This financial performance underscores KDDL’s strong operational framework and strong market position.
FAQs
What is KDDL current market capitalization?
KDDL current market capitalization stands at ₹3,846 Crores.
The current share price target for KDDL is ₹3,068.
The projected share price target for KDDL in 2025 ranges from ₹2,406.85 to ₹3,675.40.
The projected share price target for KDDL in 2030 varies from ₹6,099.37 to ₹9,477.23.
What is KDDL current P/E ratio?
The current P/E ratio for KDDL stands at 38.5.
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Conclusion
KDDL Ltd. has demonstrated significant growth and resilience across its business verticals, leveraging its expertise in precision engineering and luxury retail. With a stable shareholding pattern dominated by promoters and a growing retail investor base, the company’s market presence continues to strengthen. Financially, KDDL has shown remarkable improvement, with consistent growth in sales, operating profit, and net profit over the years, alongside improving profit margins. The company’s future share price projections reflect a positive trajectory, highlighting its potential for long-term value creation and robust investor confidence in its strategic initiatives and market positioning.
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