In , KDDL Ltd (Watches) is outperforming Nifty 500 with +36.6% relative strength. Fundamentals: Weak. On a 4-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Earnings deceleration risks from management commentary
Trigger: Ethos (50.11% subsidiary) sources Swiss watches priced in CHF; INR depreciation vs CHF raises COGS; the impact flows through consolidated KDDL P&L, suppressing consolidated PAT even while standalone KDDL components business is healthier
Monitor: fx
Trigger: KDDL standalone watch components business is directly dependent on watch dial/hands/bracelet orders from Swiss and domestic watch brands; slowdown in global Swiss watch manufacturing would reduce component order flow
Monitor: commodity
Trigger: New Labour Code changes gratuity computation across the KDDL group; one-time restatement hit Q3 consolidated margins as exceptional; future compliance cost will persist at lower ongoing level
Monitor: labor
Trigger: Not explained on call
Monitor: regulatory
Trigger: Not explained on call
Monitor: geopolitical
Key quotes from recent conference calls
“CHF/INR depreciation ~19.0% over twelve months; CHF touched Rs 119.12 on 31st January 2026, implying cumulative depreciation ~25.1% [Risk (fx): HIGH]”
“Ethos Gross Profit Margin 28.9% vs 29.1% (Q3FY26 vs Q3FY25); Cost of Goods Sold Rs 333.0 Cr vs Rs 262.1 Cr [Risk (commodity): MEDIUM]”
“Exceptional Item: Rs 2.45 Cr Labour Code statutory impact (Q3FY26 consolidated) [Risk (labor): LOW]”
“Not mentioned on call [Risk (regulatory): LOW]”
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +37% | +24% | Stable |
| PAT (Net Profit) | +9% | +21% | Stable |
| OPM | 15.0% | 0 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 30, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
KDDL Ltd's latest quarterly results (Mar 2026) show
KDDL Ltd's profit is growing with an stable trend.
KDDL Ltd's revenue growth trend is stable.
KDDL Ltd's operating margin is stable.
KDDL Ltd's long-term compounding rates
KDDL Ltd's earnings growth is stable with mixed signals on a sequential basis.
KDDL Ltd's trailing twelve month (TTM) performance
KDDL Ltd appears significantly overvalued based on our fair value analysis.
KDDL Ltd's current PE ratio is 43.7x.
KDDL Ltd's current PE is 43.7x.
KDDL Ltd's price-to-book ratio is 3.6x.
KDDL Ltd is rated Weak with a fundamental score of 36.57/100. This score is calculated from objective financial metrics
KDDL Ltd has a debt-to-equity ratio of N/A.
KDDL Ltd's return ratios over recent years
KDDL Ltd's operating cash flow is positive (FY2026).
KDDL Ltd's current dividend yield is 0.47%.
KDDL Ltd's shareholding pattern (Mar 2026)
KDDL Ltd's promoter holding has remained stable recently.
KDDL Ltd has been outperforming Nifty 500 for 4 consecutive weeks, indicating building momentum.
KDDL Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
KDDL Ltd has 5 key risks worth monitoring
In Q3 FY26, KDDL Ltd's management highlighted
Based on quantitative research signals, here is why KDDL Ltd may be worth studying
KDDL Ltd investment thesis summary:
KDDL Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
