BSE: 0 | NSE: KEL | Electric Equipment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kundan Edifice Ltd is a below average quality company.
The key valuation ratios of Kundan Edifice Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kundan Edifice Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.7% | 17.9% | 23.1% | 46.3% | 18.2% | - |
| Value Creation Index ⓘ | -0.7 | 0.3 | 0.7 | 2.3 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 6.5 | 15.1 | 32.5 | 60.2 | 84.2 | 84 |
| Sales YoY Gr. | - | 134.4% | 114.5% | 85.5% | 39.9% | - |
| Adj EPS ⓘ | 0 | 1.2 | 2.3 | 2.6 | 2.8 | 2.9 |
| YoY Gr. | - | 3766.7% | 98.3% | 14.4% | 6.1% | - |
| BVPS (₹) ⓘ | 0.4 | 1.7 | 4 | 4.3 | 31.6 | 31.6 |
| Adj Net Profit ⓘ | 0 | 0.9 | 1.7 | 4.9 | 2.9 | 3 |
| Cash Flow from Ops. ⓘ | -1.6 | 0.2 | 2.1 | -1.6 | -9.9 | - |
| Debt/CF from Ops. ⓘ | -3.9 | 33.2 | 4.4 | -8.9 | -1.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 77.2% | 39.9% | ||||
| Adj EPS ⓘ | NA | NA | 34% | 6.1% | ||||
| BVPSⓘ | NA | NA | 163.4% | 632.2% | ||||
| Share Price | - | - | - | 22.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.2 | 110.4 | 80.9 | 88.8 | 14.1 | 9.2 |
| Op. Profit Mgn % ⓘ | 5 | 11.3 | 8.8 | 14.3 | 9.2 | NAN |
| Net Profit Mgn % ⓘ | 0.3 | 5.7 | 5.3 | 8.2 | 3.4 | 3.6 |
| Debt to Equity ⓘ | 23 | 5.6 | 3 | 1.8 | 0.6 | - |
| Working Cap Days ⓘ | 0 | 183 | 128 | 109 | 133 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 70 | 45 | 54 | 89 | 0 |
Sales growth is growing at healthy rate in last 3 years 77.19%
Net Profit is growing at healthy rate in last 3 years 33.98%
Debt to equity has declined versus last 3 years average to 0.56
Return on Equity has declined versus last 3 years average to 9.20%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.9 | - |
| TTM Sales (₹ Cr.) | 84.2 | - |
| BVPS (₹.) ⓘ | 31.6 | - |
| Reserves (₹ Cr.) ⓘ | 22 | - |
| P/BV ⓘ | 4.87 | - |
| PE ⓘ | 52.69 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 158 |
| Equity (₹ Cr.) | 10.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 89.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 6 | 15 | 32 | 60 | 84 |
| Operating Expenses ⓘ | 6 | 14 | 30 | 52 | 77 |
| Manufacturing Costs | 0 | 1 | 3 | 5 | 7 |
| Material Costs | 4 | 10 | 22 | 37 | 54 |
| Employee Cost | 1 | 1 | 3 | 6 | 9 |
| Other Costs ⓘ | 1 | 1 | 2 | 4 | 7 |
| Operating Profit ⓘ | 0 | 2 | 3 | 9 | 8 |
| Operating Profit Margin (%) | 5.0% | 10.4% | 8.6% | 14.3% | 9.1% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 1 | 1 | 1 | 2 |
| Depreciation ⓘ | 0 | 0 | 0 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 2 | 7 | 4 |
| Tax ⓘ | 0 | 0 | 0 | 2 | 1 |
| Profit After Tax | 0 | 1 | 2 | 5 | 3 |
| PAT Margin (%) | 0.6% | 5.1% | 5.2% | 8.5% | 3.6% |
| Adjusted EPS (₹) | 0.1 | 1.0 | 2.2 | 2.7 | 2.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 1 | 3 | 8 | 32 | |||||
| Share Capital ⓘ | 3 | 3 | 3 | 8 | 10 | |||||
| Reserves ⓘ | -2 | -2 | 0 | 1 | 22 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 6 | 7 | 8 | 13 | 16 | |||||
| Long Term Debt | 4 | 4 | 5 | 5 | 7 | |||||
| Short Term Debt | 2 | 3 | 3 | 7 | 9 | |||||
| Trade Payables | 1 | 3 | 6 | 4 | 5 | |||||
| Others Liabilities ⓘ | 0 | 1 | 2 | 5 | 5 | |||||
| Total Liabilities ⓘ | 8 | 12 | 19 | 30 | 58 | |||||
Fixed Assets | ||||||||||
| Gross Block | 1 | 3 | 6 | 8 | 16 | |||||
| Accumulated Depreciation | 1 | 1 | 1 | 2 | 3 | |||||
| Net Fixed Assetsⓘ | 1 | 2 | 5 | 6 | 13 | |||||
| CWIP ⓘ | 1 | 0 | 0 | 1 | 2 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 3 | 6 | 8 | 16 | 23 | |||||
| Trade Receivables | 1 | 1 | 2 | 4 | 8 | |||||
| Cash Equivalents | 0 | 0 | 0 | 0 | 4 | |||||
| Others Assetsⓘ | 2 | 2 | 3 | 2 | 8 | |||||
| Total Assets ⓘ | 8 | 12 | 19 | 30 | 58 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2 | 0 | 2 | -2 | -10 |
| PBT ⓘ | 0 | 1 | 2 | 7 | 4 |
| Adjustment ⓘ | 0 | 1 | 1 | 2 | 4 |
| Changes in Working Capital ⓘ | -2 | -1 | -1 | -10 | -15 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | -2 |
| Cash Flow From Investing Activity ⓘ | -2 | -1 | -3 | -3 | -9 |
| Capex | -2 | -1 | -3 | -2 | -9 |
| Net Investments | 0 | 0 | 0 | 0 | -1 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 3 | 1 | 1 | 4 | 23 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 21 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | -1 | -1 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 4 | 1 | 2 | 5 | 4 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 3 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 98.01 | 78.49 | 91.88 | 14.79 | |||||
| ROCE (%) | N/A | 17.93 | 23.11 | 46.34 | 18.19 | |||||
| Asset Turnover Ratio | 0.76 | 1.49 | 2.09 | 2.46 | 1.92 | |||||
| PAT to CFO Conversion(x) | N/A | 0 | 1 | -0.4 | -3.33 | Working Capital Days | ||||
| Receivable Days | 43 | 27 | 19 | 19 | 28 | |||||
| Inventory Days | 166 | 105 | 80 | 74 | 84 | |||||
| Payable Days | 149 | 78 | 76 | 51 | 30 | |||||
Kundan Edifice was originally incorporated as ‘Kundan Edifice Private Limited’ under the provisions of the Companies Act, 1956 on August 12, 2010, issued by the Assistant Registrar of Companies, Maharashtra, Mumbai. Further, pursuant to change in the object clause of MOA of the company, a fresh certificate of incorporation was issued by Registrar of Companies, Mumbai on November 29, 2022. Thereafter, the company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on April 05, 2023, and consequently, the name of the company was changed to ‘Kundan Edifice Limited’, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated May 08, 2023, was issued by the RoC to the company.
The company is engaged into manufacturing, assembly and sale of light emitting diode (LED) strip lights. It is original design manufacturer (ODM) as it design, develop, manufacture and supply its products to customers who then further distribute these products under their own brands. It focuses on unconventional form of lighting products i.e., LED strip lights that have varied application across industries such as real estate, railways, automobiles, decorative lighting, etc. The company entered into assembly and sale of lighting products in Fiscal 2014. Once current Promoter, Divyansh Gupta took control of the company since Fiscal 2016 It has focused its business operations into manufacturing, assembly and sale of light emitting diode (LED) strip lights and since then, while it is one of the trusted electronics manufacturing services (EMS) Company for its customers by providing end-to-end solutions in its area of operation. As an EMS Company, it is primarily an original design manufacturer (ODM) and design, develop, manufacture and supply products to customers who then further distribute these products under their own brands.
It also works with its customers to develop, manufacture and supply products that are designed by its customers. It focus on unconventional form of lighting products i.e., LED strip lights that have varied application across industries such as real estate, railways, automobiles, decorative lighting, etc. It provides lighting solutions to some of the key electrical and electronic manufacturing brands in India. The LED strip lights or the flexible linear lights as a concept is replacing the traditional lighting like bulbs, tube lights and many other kinds of lights since the flexible linear lights have indoor as well as outdoor application.
Business area of the company
The company is engaged into manufacturing, assembly and sale of light emitting diode (LED) strip lights.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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