Financials KDDL Limited

Equities

532054

INE291D01011

Apparel & Accessories

End-of-day quote Bombay S.E. Other stock markets 03:30:00 26/04/2024 am IST			5-day change	1st Jan Change
2,598 ^INR	+1.28%		+3.07%	-8.33%

12/03	KDDL Limited Appoints Manoj Gupta as Business Head of Packaging Division, Effective 1 April, 2024	CI
14/02	KDDL Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI

Valuation

Fiscal Period: March	2023	2024	2025	2026
Capitalization ¹	12,760	32,568	-	-
Enterprise Value (EV) ¹	12,760	32,568	32,568	32,568
P/E ratio	24.1 x	31.9 x	26.3 x	22.4 x
Yield	0.39%	0.54%	0.61%	0.69%
Capitalization / Revenue	1.14 x	2.37 x	1.97 x	1.67 x
EV / Revenue	1.14 x	2.37 x	1.97 x	1.67 x
EV / EBITDA	7.92 x	12.8 x	10.6 x	9.01 x
EV / FCF	-	125 x	32.9 x	20.8 x
FCF Yield	-	0.8%	3.04%	4.81%
Price to Book	2.8 x	6.04 x	5.08 x	4.27 x
Nbr of stocks (in thousands)	12,537	12,537	-	-
Reference price ²	1,018	2,598	2,598	2,598
Announcement Date	26/05/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2022	2023	2024	2025	2026
Net sales ¹	-	11,194	13,745	16,525	19,524
EBITDA ¹	-	1,611	2,554	3,068	3,615
EBIT ¹	-	1,118	1,942	2,377	2,860
Operating Margin	-	9.98%	14.13%	14.38%	14.65%
Earnings before Tax (EBT) ¹	-	1,076	1,808	2,174	2,564
Net income ¹	319.1	535.9	1,021	1,239	1,453
Net margin	-	4.79%	7.43%	7.5%	7.44%
EPS ²	-	42.18	81.40	98.80	115.8
Free Cash Flow ¹	-	-	260	990	1,565
FCF margin	-	-	1.89%	5.99%	8.02%
FCF Conversion (EBITDA)	-	-	10.18%	32.27%	43.29%
FCF Conversion (Net income)	-	-	25.47%	79.9%	107.71%
Dividend per Share ²	-	4.000	14.10	15.80	17.80
Announcement Date	30/05/22	26/05/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3
Net sales ¹	-	2,601	3,128	2,992	3,315	3,309	3,787
EBITDA ¹	-	231.6	559.2	420.3	594.8	553	707
EBIT	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	439.6	395	512
Net income ¹	132	-	-	-	258	207	274
Net margin	-	-	-	-	7.78%	6.26%	7.24%
EPS ²	-	-	-	-	20.58	16.30	21.90
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	28/07/22	05/11/22	12/02/23	26/05/23	12/08/23	-	-

¹INR in Million²INR

Estimates

Balance Sheet Analysis

Fiscal Period: March	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-
Net Cash position	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-	-	260	990	1,565
ROE (net income / shareholders' equity)	-	15.1%	13.4%	13.9%	13.9%
ROA (Net income/ Total Assets)	-	5.64%	8.3%	8.8%	9.2%
Assets ¹	-	9,500	12,301	14,080	15,793
Book Value Per Share ²	-	364.0	430.0	512.0	609.0
Cash Flow per Share ²	-	-	32.60	96.30	122.0
Capex ¹	-	-	602	652	402
Capex / Sales	-	-	4.38%	3.95%	2.06%
Announcement Date	30/05/22	26/05/23	-	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for KDDL Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

2,598 INR

Average target price

2,855 INR

Spread / Average Target

+9.90%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Watches