KDDL Ltd
Evidence timeline
What management said
And as we have said that we expect value to grow at about 25% CAGR.
Outlook, as stated
If in the rare and unexpected situation that for years and years, the tariff remains at 50%, then of course, there will be an impact on India, there will be an impact on the U.S., there will be all kinds of impact- and then there will be other solutions which will come.
In FY '26, we expect our revenue to grow in the range of 15% to 20%, majorly driven by recovery in the international watch market, growth of our precision engineering business and enhancement in the utilization and growth of the bracelet and packaging businesses.
Prolin Nandu: Just on a couple of medium- to long-term targets that you had shared in the previous calls, like in December '24 slide deck, you had said that Eigen, you want to make it a INR750 crores to INR1,000 crores kind of business in next 7 to 10 years.
Chart exhibits
If management delivers what it guided
- the guided figure reached earnings through a low-confidence bridge
- at 46x its FY26 earnings the stock already trades above the top of its own ten-year range (41x)
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹71.63 (screener) |
|---|---|
| Guided growth | 23.6% a year, said on the call of 26-May-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 26.78x / 30.94x / 41.47x, this company’s own p20 / median / p80 across 9 filed years |
| Filed-industry peers | median 25x across 7 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |