KDDL Limited (KDDL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-107.0%

-₹268.30

vs ₹3,834.70 price

Levered DCF

₹1,352.15

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	28.28×	41.79×	29.22×	24.31×	38.19×	54.02×	-231.52×	22.74×
P/B	2.31×	4.32×	4.09×	2.86×	4.46×	1.64×	0.73×	2.64×
P/S	1.16×	2.4×	2.16×	1.18×	1.39×	0.56×	0.21×	0.82×
EV / EBITDA	7.75×	13.72×	10.72×	7.97×	10.98×	6.07×	4.95×	9.5×
Gross margin	22.5%	40.8%	20.4%	18.1%	37.8%	36.4%	11.9%	19.6%
Operating margin	8.7%	10.6%	13.5%	10.5%	8.7%	3.9%	5.5%	8.4%
Net margin	4.1%	5.7%	7.4%	4.8%	4.0%	1.0%	-0.1%	3.6%
Current ratio	3.85×	4.16×	3.59×	2.73×	1.69×	1.48×	1.41×	1.59×
Debt / equity	0.47×	0.5×	0.34×	0.54×	1.05×	1.34×	1.56×	0.81×
Interest coverage	4.4×	5.54×	5.73×	3.79×	2.34×	0.7×	1.08×	2.83×
Dividend yield	1.0%	0.1%	2.5%	0.5%	0.2%	0.0%	3.8%	0.6%
Payout ratio	27.9%	5.3%	73.0%	12.3%	6.0%	0.0%	-882.9%	12.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.2%	10.3%	14.0%	11.7%	12.7%	3.0%	-0.3%	11.6%
Return on invested capital	5.3%	7.0%	9.9%	8.7%	8.5%	2.8%	-2.6%	8.3%
Return on assets	3.2%	4.5%	6.3%	4.6%	4.3%	0.9%	-0.1%	4.3%
Free cash flow yield	0.5%	-3.6%	0.5%	-2.0%	1.4%	23.7%	22.1%	-5.8%
Earnings yield	3.5%	2.4%	3.4%	4.1%	2.8%	1.9%	-0.4%	4.4%
Enterprise value	₹28B	₹42.1B	₹30.4B	₹14.9B	₹13.4B	₹5.2B	₹4B	₹6.4B
Net debt / EBITDA	0.84×	0.84×	0.13×	1.01×	1.75×	2.53×	3.28×	2.05×
Cash conversion cycle (days)	151	223	187	128	164	195	145	154