---
title: "Kore Digital Ltd (KDL) — Share Price, Financials & Analysis"
symbol: "KDL"
company: "Kore Digital Ltd"
canonical: "https://tapetide.com/stocks/KDL"
isin: "INE0O4R01018"
nse_symbol: "KDL"
sector: "Telecom"
industry: "Telecom Infrastructure"
market_cap_cr: 108.22
generated_at: "2026-09-13T20:14:47.555Z"
---

# Kore Digital Ltd (KDL)

Canonical page: https://tapetide.com/stocks/KDL

## Company

- **NSE Symbol:** KDL
- **ISIN:** INE0O4R01018
- **Sector:** Telecom
- **Industry:** Telecom Infrastructure
- **Macro Sector:** Telecommunication
- **Stock Type:** EQUITY
- **Listed Since:** 2023-06-14
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** koredigital.com

## About

Incorporated in 2009, Kore Digital Ltd is in 
the business of Telecom and Communication Infrastructure[1]

## Latest Price

- **Price:** ₹93.45
- **Change:** +6.85 (+7.91%)
- **Open:** ₹91.4
- **Day High:** ₹95.25
- **Day Low:** ₹87.7
- **Previous Close:** ₹86.6
- **Volume:** 30300
- **As Of:** 2026-09-11T10:01:44+00:00

## Key Fundamentals

Observed at 2026-09-11T04:40:34.425727Z.

- **Market Cap:** ₹108.22 Cr
- **Classification:** SME
- **P/E (reported):** 2.8
- **Book Value:** ₹118.44
- **Price to Book:** 0.73
- **Dividend Yield:** 0%
- **ROE:** 30.07%
- **ROCE:** 38.93%
- **Debt to Equity:** 0.04
- **Revenue (yearly):** ₹408.3 Cr
- **Net Income:** ₹37.95 Cr
- **EBITDA:** ₹56.91 Cr
- **52-Week High:** ₹250
- **52-Week Low:** ₹84.05
- **RSI (14):** 38.42

## Tapetide Score

- **Score:** 60 / 100
- **Score date:** 2026-09-04
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Cheap · Momentum: Falling
- **Percentile:** 87.9 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 70.19 | 9% |
| growth | 70.94 | 9% |
| momentum | 15.3 | 12% |
| ownership | 55.74 | 24% |
| quality | 65.2 | 22% |
| valuation | 76.5 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.79 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.7%
- Company's working capital requirements have reduced from 57.1 days to 39.9 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 166 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 259.26% | 239.19% | 776.65% |
| ebitda margin growth | -17.59% | -3.93% | -14.28% | — |
| net income growth | -21.01% | 17.86% | 230% | — |
| revenue growth | -35.73% | 24.56% | 57.2% | — |
| roce | -19.45% | 77.76% | 77.76% | — |
| roe | -20.42% | 95.64% | 22.72% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 236 | 258 | 150 |
| Expenses | 199 | 222 | 130 |
| Operating Profit | 37 | 36 | 21 |
| OPM % | 16 | 14 | 14 |
| Other Income | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 |
| Depreciation | 4 | 3 | 4 |
| Profit before tax | 32 | 33 | 17 |
| Tax % | 23 | 24 | 29 |
| Net Profit | 25 | 25 | 12 |
| EPS in Rs | 20.47 | 20.18 | 9.91 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 104 | 328 | 408 |
| Expenses | 88 | 280 | 351 |
| Operating Profit | 16 | 47 | 57 |
| OPM % | 15 | 14 | 14 |
| Other Income | 2 | 0 | 0 |
| Interest | 0 | 0 | 1 |
| Depreciation | 0 | 5 | 7 |
| Profit before tax | 16 | 42 | 50 |
| Tax % | 30 | 24 | 26 |
| Net Profit | 11 | 32 | 37 |
| EPS in Rs | 9.58 | 26.74 | 30.7 |
| Dividend Payout % | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 4 | 12 | 12 |
| Reserves | 71 | 94 | 130 |
| Borrowings | 1 | 7 | 6 |
| Other Liabilities | 77 | 133 | 162 |
| Total Liabilities | 153 | 246 | 310 |
| Fixed Assets | 10 | 39 | 89 |
| CWIP | 0 | 24 | 0 |
| Investments | 0 | 0 | 0 |
| Other Assets | 142 | 183 | 221 |
| Total Assets | 153 | 246 | 310 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | -8 | 13 | 43 |
| Cash from Investing Activity | -8 | -57 | -31 |
| Cash from Financing Activity | 56 | 5 | -1 |
| Net Cash Flow | 40 | -38 | 10 |
| Free Cash Flow | -16 | -44 | 10 |
| CFO/OP | -45 | 50 | 96 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | 173 | 156 | 166 |
| Inventory Days | — | — | 33 |
| Days Payable | — | — | 342 |
| Cash Conversion Cycle | 173 | 156 | -143 |
| Working Capital Days | 84 | 47 | 40 |
| ROCE % | — | 45 | 38 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 71.38% | 71.38% | 62.69% | 62.69% | 62.69% | 62.69% | 63.17% | 63.35% | 63.35% | 63.05% | 63.67% | 63.86% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.02% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.1% | 19.99% | 0% | 28.79% | 30.62% | 30.98% | 29.57% | 28.71% | 28.94% | 29.55% | 28.76% | 28.81% |
| Others | 9.52% | 8.64% | 37.31% | 8.52% | 6.69% | 6.34% | 7.26% | 7.94% | 7.71% | 7.38% | 7.57% | 7.33% |
| No. of Shareholders | 568 | 714 | 845 | 1440 | 1803 | 2816 | 3207 | 3271 | 3451 | 3263 | 3294 | 3271 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 6 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 90.45 | Buy |
| EMA (10) | 91.36 | Buy |
| SMA (20) | 92.81 | Buy |
| EMA (20) | 93.59 | Sell |
| SMA (50) | 102.97 | Sell |
| EMA (50) | 101.91 | Sell |
| SMA (100) | 118.98 | Sell |
| EMA (100) | 114.63 | Sell |
| SMA (200) | 134.5 | Sell |
| EMA (200) | 145.7 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.63 | Neutral |
| MACD (12,26,9) | -3.43 | Buy |
| Stochastic (14,3,3) | 17 | Buy |
| ADX (14) | 16.73 | Neutral |
| Williams %R (14) | -66.87 | Neutral |
| ATR (14) | 6.48 | High Volatility |
| ROC (12) | -10.79 | Sell |
| Stoch RSI (14) | 53.08 | Neutral |
| UO (7,14,28) | 49.44 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 June 2026 - Submitted yearly Regulation 31(4) disclosure for FY ended 31 March 2026. | [Disclosure under SEBI Takeover Regulations 9 June 2026 - Submitted yearly Regulation 31(4) disclosure for FY ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/team_bbodade_27052026163054_KDL.pdf) |
| 9 February 2026 - Promoter Ravindra Doshi bought 14,850 KORE DIGITAL shares on 09-Feb-2026; Reg 29(2) disclosure. | [Updates 9 February 2026 - Promoter Ravindra Doshi bought 14,850 KORE DIGITAL shares on 09-Feb-2026; Reg 29(2) disclosure.](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_09022026150105_Company_Intimation_09022026_signed.pdf) |
| 6 March 2026 - Kore Digital engaged IAF at Jodhpur; three product opportunities shortlisted; expects development orders possibly this month. | [Updates 6 March 2026 - Kore Digital engaged IAF at Jodhpur; three product opportunities shortlisted; expects development orders possibly this month.](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_06032026184629_Update_Engaged_with_Indian_Air_Force_signed.pdf) |
| 4 Sep - Kore Digital Limited has informed regarding Outcome of Board Meeting held on September 04, 2026. | [Outcome of Board Meeting 4 Sep - Kore Digital Limited has informed regarding Outcome of Board Meeting held on September 04, 2026.](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_04092026201944_Board_Meeting_Outcome.pdf) |
| 4 Sep - 17th AGM on 28 September 2026; to adopt FY26 financials and reappoint Mrs. Kashmira Doshi. | [Shareholders meeting 4 Sep - 17th AGM on 28 September 2026; to adopt FY26 financials and reappoint Mrs. Kashmira Doshi.](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_04092026201246_Notice_AGM_NSE_Intimation.pdf) |
| 4 Aug - Revised IOC order disclosure corrected to Rs. 8.20 lakhs for 3D modelling and spares supply. | [Awarding of order(s)/contract(s) 4 Aug - Revised IOC order disclosure corrected to Rs. 8.20 lakhs for 3D modelling and spares supply.](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_04082026162017_Update_04082026_Signed.pdf) |
| 31 May 2026 - Board approved FY26 audited results; consolidated profit Rs 36.9 crore on Rs 408.4 crore revenue; IPO proceeds fully utilized. | [Updates 31 May 2026 - Board approved FY26 audited results; consolidated profit Rs 36.9 crore on Rs 408.4 crore revenue; IPO proceeds fully utilized.](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_31052026232348_Board_Meeting_Outcome_revised_singed.pdf) |
| 31 May 2026 - Board approved audited standalone/consolidated results for year ended 31 Mar 2026; auditors issued unmodified opinion; IPO proceeds fully utilized. | [Outcome of Board Meeting 31 May 2026 - Board approved audited standalone/consolidated results for year ended 31 Mar 2026; auditors issued unmodified opinion; IPO proceeds fully utilized.](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_31052026010155_Board_Meeting_Outcome_signed.pdf) |
| 31 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited FY2026 results; board meeting date to be intimated. | [Trading Window 31 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited FY2026 results; board meeting date to be intimated.](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_31032026184309_NSE_TWC_31032026_signed.pdf) |
| 30 May 2026 - Submitted SDD compliance certificate for FY ended March 31, 2026. | [Structural Digital Database 30 May 2026 - Submitted SDD compliance certificate for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_30052026144248_SDD_Certificate_KDL_Final_signed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31444_KDL_2025_2026_A_4480890_04092026201808.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28340_KDL_2024_2025_A_2416467_03092025194442.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25377_KDL_2023_2024_31082024182227.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23263_KDL_2022_2023_02092023142455_09022023150004.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_05092025184718_NSE_Transcript_KDL_Q126_signed.pdf) |
| Sep 2024 | [Concall - Sep 2024](https://nsearchives.nseindia.com/corporate/KDL_24092024190646_FinalInverstorpresentation_signed.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/KDL_22112024105809_NSE_Transcript_Upload.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/KDL_21052024113903_NSE_Transcript_Sign.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_16062025182115_NSE_Transcript-KDL_signed.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/KOREDIGITAL_19022025200630_NSE_Transcript-Final_signed.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://nsearchives.nseindia.com/corporate/KDL_16022024132624_NSEUpdate160224.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:14:47.555Z.