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KDDL Limited, a prominent player in the manufacturing of watch components and precision engineering products, has announced its buyback offer for 2024. This article will explore the key details of the KDDL Buyback 2024, including buyback specifics, financial performance, and frequently asked questions.
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What is KDDL Ltd?
KDDL Ltd specializes in manufacturing watch components, supplying luxury brands globally. They also produce precision engineering products for various sectors, including automotive, aerospace, and consumer electronics. Recently, KDDL expanded its operations by acquiring Estima AG, a Swiss manufacturer of watch hands.
KDDL Buyback 2024 Details
Basic Information
| Detail | Description |
|---|---|
| Security Name | KDDL Ltd |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 237,837 |
| Issue Size (Amount) | ₹88.00 Crores |
| Buyback Price | ₹3,700 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Buyback Record Date | [.] |
| Buyback Open Date | [.] |
| Buyback Close Date | [.] |
Financial Performance
KDDL Ltd has shown impressive growth. The revenue and profit after tax (PAT) figures between the financial years ending March 31, 2022, and March 31, 2023, highlight this success.
| Financial Year | Assets (₹ Crore) | Revenue (₹ Crore) | Profit After Tax (₹ Crore) |
|---|---|---|---|
| March 31, 2023 | 1,160.53 | 1,138.76 | 76.98 |
| March 31, 2022 | 739.46 | 831.58 | 37.20 |
| March 31, 2021 | 617.54 | 567.24 | 6.97 |
Key Highlights
- Strong Revenue Growth: KDDL’s revenue increased by 36.94% year-on-year.
- Profit Surge: Profit after tax (PAT) saw a remarkable rise of 106.94%.
KDDL Buyback 2024: The Benefits
The KDDL Buyback 2024 presents several advantages for shareholders:
- Shareholder Value: The buyback offers shareholders a chance to sell their shares at a premium price of ₹3,700.
- Improved EPS: Reducing the number of outstanding shares can lead to higher earnings per share (EPS), benefiting remaining shareholders.
- Market Confidence: A buyback can signal that the company is confident about its financial health and future growth.
Review
KDDL Buyback 2024 presents a strong opportunity for shareholders. With a buyback price of ₹3,700 per share, it reflects the company’s confidence in its financial health. KDDL has demonstrated impressive growth, with a significant increase in revenue and profit over the past year. This buyback not only enhances shareholder value but also signals a commitment to long-term success. Overall, it’s an exciting initiative for investors looking to capitalize on KDDL’s robust performance.
For more details, shareholders can reach out to KDDL Ltd through their official contact channels:
- Phone: +91 172 2548223
- Email: info@kddl.com
- Website: KDDL Ltd
Stay tuned on IPOGMPTODAY for more updates on KDDL Ltd’s buyback and financial developments!
FAQs About KDDL Buyback 2024
What is a buyback?
A buyback is when a company purchases its own shares from the market. This can help improve shareholder value and financial metrics.
How do I participate in the KDDL buyback?
Shareholders can participate through the tender offer process, where they submit their shares for buyback at the specified price.
When is the buyback period?
The exact dates for the buyback period will be announced officially by KDDL Ltd and published on the stock exchange.
What is the impact of a buyback on stock prices?
Typically, buybacks can lead to an increase in stock prices due to the perception of increased value and a lower supply of shares.
How do I participate in the KDDL buyback?
Shareholders can participate through the tender offer process by submitting their shares for buyback at the specified price.
What is the impact of a buyback on stock prices?
Buybacks often lead to an increase in stock prices due to the perception of enhanced value and a reduced supply of shares.
Why would KDDL undertake a buyback?
KDDL may choose to buy back shares to return excess cash to shareholders, signal confidence in future growth, or improve key financial metrics like earnings per share (EPS).
