Visdem Technosys Limited(VISDEM)

NSE: VISDEM

₹ 116.65+0.00%refreshed 05 Nov, 10:30 am ISTMarket cap: ₹ 120 crUpdated: 5 Nov 2026

About

Visdem Technosys Limited, formerly Kundan Edifice Limited, designs, develops, manufactures, assembles and sells LED strip lights and allied lighting products, and works as an ODM and EMS provider for leading brands. It reported FY26 revenue of Rs 105.15 crore. The company says it started the first Indian factory focused specifically on LED strip lights, and all manufacturing is at one facility in Vasai, Maharashtra.^[1][2]

Products and business model

Products include flexible LED strip lights, LED neon lights, smart strip lighting, COB strips, wall washers, controllers, drivers, aluminium profiles and accessories (FY26).^[1]
Works as an ODM and EMS provider to key electrical and electronic brands in India, and also makes products designed by its customers (FY26).^[1]
Has developed application-specific lighting for furniture and fixtures, building facades and appliances such as fans, ACs and refrigerators (Q1 FY27 call).^[3]
The R&D team has moved from silicon-chip to Gallium Nitride (GaN) power supplies, developed GaN laptop and phone chargers, and is looking for OEM/ODM customers (Q1 FY27 call).^[3]
Launched Sparkle Light, a recessed lighting product aimed at the festive segment, in September 2026. The company expects Rs 20 crore of revenue from it each financial year.^[4]

Operations

Production and assembly are centralised at one facility in Vasai, Maharashtra, which management describes as 1,50,000 sq ft (FY26, Q1 FY27 call).^[1][3]
Major processes are backward integrated, including SMT lines, moulding machines and extrusion lines (FY26).^[1]
Employed over 386 people in its manufacturing facilities, including contract workers, as of March 31, 2026. Its facilities are ISO 9001:2015 certified.^[1]

Key operating numbers

Revenue grew about 40% YoY in Q1 FY27: about 25% from higher volumes and about 15% from price increases passed on to customers.^[3]
Management's order book targets revenue of 85-90 crores through October 2026, compared with about 105 crores of revenue in all of FY26.^[3]
Raw material prices were volatile for 8-9 months, then stabilised over the 1-2 months before the Q1 FY27 call. All earlier cost increases were passed on to customers.^[3]

Customers and markets

Serves brands in real estate, railways, automobiles, infrastructure, decorative lighting and consumer applications (FY26).^[1]
Foreign exchange earnings were zero in FY26. Foreign exchange outgo, mainly imports, was Rs 2724.71 lakhs.^[1]
International companies have signed the company up as a vendor supply partner for their global markets. Management plans for export revenue to start in H2 FY27 (Q1 FY27 call).^[3]

Expansion plans

Smaller, step-by-step capex is under way to add manufacturing capability at the Vasai facility (Q1 FY27 call).^[3]
Exploring small low-voltage retail battery storage (BESS) products for existing FMCG and appliance clients. Management called this very preliminary (Q1 FY27 call).^[3]
Plans further backward integration of components that are currently imported (Q1 FY27 call).^[3]
Plans to move from the NSE SME platform to the NSE main board after the March 2027 results, with a small equity fundraise planned before or around that move (Q1 FY27 call).^[3]
Management targets FY27 revenue of 160-170 crores and FY28 revenue of 200-225 crores (Q1 FY27 call).^[3]

Recent developments

The company's name changed from Kundan Edifice Limited to Visdem Technosys Limited. The Ministry of Corporate Affairs approved the change on 9 June 2026.^[1]
The company is moving its registered office from Vasai, Palghar to Malad West, Mumbai. Form INC-23 has been filed and approval is awaited (FY26 annual report).^[1]
CFO Mahesh Singh Masani resigned effective 22 September 2026. Tejal Rockson Dias was appointed CFO effective 26 September 2026.^[5][6]

Market Cap

₹120 Cr

High / Low

₹133 / 61

Stock P/E

12.7

Price / Book

2.2

Book Value

₹47

EPS

₹7.6

No. of Shares

1.03 Cr

ROCE

19.1%

ROE

17.6%

OPM

13.7%

Debt / Equity

0.73

Sales

₹105 Cr

Net Profit

₹8 Cr

Promoter holding

72.3%

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