KDDL Limited specializes in the production of watch components and precision engineering items. With a distinguished track record spanning over three decades, it has emerged as a prominent watch components manufacturer in India.
The company serves both domestic and international luxury watch brands by providing them with high-quality watch components. A recent noteworthy development for KDDL Limited is its acquisition of Estima AG, a reputable Swiss manufacturer of watch hands.
Beyond its involvement in the watch industry, KDDL extends its expertise to various sectors such as automobile, electrical and electronics, consumer durables, industrial engineering, instrumentation, aerospace, and defense. This diversification is achieved through the production of precision engineering products like electrical connectors and terminals, components for aerospace relays, electrical switch gears, cell phone chargers, battery components, and automobile sector components, among others.
Additionally, KDDL showcases its versatility by crafting ornamental packaging boxes for watches, jewelry, and writing instruments.
Kddl Ltd. Stock Quote #
- Open: ₹1,792.25
- High – Low: ₹1,863.00 – ₹1,767.70
- Previous Close: ₹1,805.10
- Total Traded Value: 34,561
- 52 Weeks High: ₹1,790.95 (Aug 07, 2023)
- 52 Weeks Low: ₹750.50 (Aug 11, 2022)
- Updated On: Aug 11, 2023 4:00 PM
KDDL Buyback 2023 Detail #
| Issue Period | Jan 25, 2023 – Feb 9, 2023 |
| Security Name | KDDL Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹21.00 Crores |
| Buyback Price | ₹1200 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Company Financials #
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-20 | 658.35 | -1.97 | 185.76 | 183.44 |
| 31-Mar-21 | 567.24 | 6.97 | 186.56 | 155.82 |
| 31-Mar-22 | 831.58 | 37.15 | 251.6 | 154.98 |
| Amount in ₹ Crore | ||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2022 | 1,124.45 | 943.20 | 1,018.31 |
| Nov-2022 | 1,064.40 | 907.55 | 984.57 |
| Oct-2022 | 1,155.50 | 948.85 | 1,041.44 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Dec-2022 | 1,125.00 | 949.25 | 1,017.99 |
| Nov-2022 | 1,072.00 | 906.60 | 985.47 |
| Oct-2022 | 1,155.90 | 949.60 | 1,042.32 |
Necessity of the Issue #
The buyback is being undertaken by the company for the following reasons:
- The buyback will help the company to return surplus cash to its members
- The buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base
- The buyback gives an option to the members to participate in the buyback and sell their shares in lieu of cash or to not participate and enjoy the resultant increase in the shareholding.
KDDL Buyback 2023 Documents #
Company Contact Information #
Plot No. 3,
Sector III,
Parwanoo (H.P.) Pin- 173220Phone: +91 172 2548223 / 24
Email: info@kddl.com
Website: https://www.kddl.com/
KDDL Buyback 2023 Registrar #
- Mas Services Limited
T – 34, 2nd Floor
Okhla Industrial Area, Phase – II
New Delhi – 110 020Phone: (011) 2610 4142
Email: investor@masserv.com
Website: http://www.masserv.com
KDDL Buyback 2023 Manager #
Lead Manager(s)
- Iti Capital Ltd
Registered Broker
- Antique Stock Broking Limited
Email: jignesh@antiquelimited.com
