December 18, 2024
decpptin
KDDL LIMITED
Looking Ahead
KDDL LIMITED
CONTENTS
EIGEN
Precision Engineering
TARATEC
Watch Components
ORNAPAC
Packaging for Luxury
ESTIMA
Swiss Manufacture
FAVRE LEUBA
EIGEN
Precision Engineering
EIGEN
Current Update
FY24 vs FY25 BUSINESS ENVIRONMENT
AS PER H1 ACTUALS
Revenue
+46% Strong demand surge continues
EBITDA
+100% Export segment most buoyant
PBT
>+233% China +1 positive, but waning
Domestic segments growing slower than expected
EIGEN
Market & Product Segments
MAIN MARKET SEGMENTS
BESS
Energy Source EV: Electrical Vehicles AD: Aerospace & Defense EE: Electricals & Electronics
MAIN PRODUCT GROUPS
Busbars Connectors Relays
EIGEN
New Technologies
Friction Stir Welding Flexible busbars Reel Plating Carbide Stamping Tool
EIGEN
Outlook
Mid-Long Term
PRODUCT GROUPS MARKET SEGMENTS GOALS
Busbars and related US Market is highest priority. Revenue : Rs 750cr – 1000cr
Then Europe and Asia in 7-10 years. Organic and
Connectors and related Inorganic routes
Export
BESS & EV Segments
Electrical/Electronic Integration of New
assemblies relays India
Aerospace & Defense; Technologies
Electrical and Electronic
Integration of new Set up Sales Organization in technologies USA and Europe
TARATEC
Watch Components
TARATEC
Watch Components
Current Update
FY24 VS FY25 BUSINESS ENVIRONMENT
AS PER H1 ACTUALS
Revenue
-21% Global slowdown in Swiss watches. Short- term stagnation in dials and hands business
EBITDA
-39%
Export demand for bracelets is growing.
PBT
-44% Strong ask for other components
China+1 thinking is strong but appeal of
India is diminishing
Domestic watch assembly growth is moderate
TARATEC
Watch Components
Outlook
Mid-Long Term
DIALS & HANDS BRACELETS CASES & RELATED PARTS
Low volume growth in Swiss High volume and value High growth potential in
& Indian market growth in Swiss market Swiss market
High potential to among Continued focus on mid-high Focus on mid end market to
Japanese brands end, not the Indian brands grab China+1 opportunity
High potential in high-value Expansion planned in Open to tech. collaboration artisanal products capacity and cost effective or JV for cost effective technologies technology
Overall growth est 8-10%
CAGR Overall growth est 20-25% Rs 50-75 Cr opportunity
CAGR
TARATEC
Watch Components
New Technologies & Skills
Laser Semi-Precious Guilloche Enamel Pvd
Stone
Lumiblock Buckles Cases, Crowns & Sapphire Glass
Pushers
TARATEC
Watch Components
Vision & Goals
To be the worlds best supplier of high-quality appearance parts of watches (habillement).
Create a cluster of high-quality component production through collabs and JVs; make India as a preferred alternative to China and Thailand.
Revive and develop traditional Indian artisan skills to serve the high luxury market in watches.
Pursue and realize revenue potential of Rs 500 Cr +/-
ORNAPAC
Packaging for Luxury
ORNAPAC
Packaging for Luxury
Current Update
FY24 VS FY25 BUSINESS ENVIRONMENT
AS PER H1 ACTUALS
Revenue
+5%
New Factory starts production
Initial ramping up costs.
EBITDA
+8%
Steady domestic demand;
PBT
-28% moderate growth.
First orders from international brands. Strong future potential
ORNAPAC
Packaging for Luxury
Outlook
Mid-Long Term
MARKETS & GOALS
Watch Industry-Domestic
Moderate Potential
Jewelry & Accessories–Domestic : High Potential
Export Segment –Swiss watch brands and global
jewelry brands
Very High Potential
Focus on eco-friendly packaging solutions
Revenue Potential
Rs 80-100 cr
ESTIMA
Swiss Manufacture
ESTIMA
Current Environment
FINANCIALS CHALLENGES
Revenue
CHF 2.5 - 3.0 mill Entry into high-end
(Rs. 25-30 crs) customers
EBITDA
Break-even Workforce challenges
PBT
CHF (-) 500k Inducting new skills
ESTIMA
Opportunities & Prospects
FINANCIALS MARKETS & PRODUCTS
Revenue
CHF 6.0-7.0 mill Special high-value products for high-end brands (gold hands,
PBT
10%-12% stone dials)
Special small series dials and hands
Hybrid solution
India + Swiss for mid-end Swiss brands
FAVRE LEUBA
Conquering Frontiers
FAVRE LEUBA
New Product Families
Launch January 2025
FAVRE LEUBA
Media Launch Geneva
September 2024