KDDL Ltd (Watches) — fundamental analysis, earnings data, and key metrics. PE: 36.8. ROE: 11.5%. This stock is not currently in the Nifty 500 momentum outperformers list.
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]”
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 (Dec 2025) show
KDDL Ltd's current PE ratio is 36.8x.
KDDL Ltd's price-to-book ratio is 3.0x.
KDDL Ltd's fundamental strength based on key financial ratios
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 negative (FY2025).
KDDL Ltd's current dividend yield is 0.59%.
KDDL Ltd's shareholding pattern (Mar 2026)
KDDL Ltd's promoter holding has remained stable recently.
KDDL Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
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.
