DS Kulkarni Developers L
NSE: DSKULKARNI · Other · sector
₹34.34NSE close 2026-10-23
Key numbers
Market cap₹34 cr
Price₹34.34
52w high / low₹34 / ₹9
P/E–Sector median 14.4x
P/B–Sector median 1.7x
Book value₹-128.8
Dividend yield–Sector median 0.37%
ROE–Sector median 13.8%
ROCE13.4%Sector median 19.6%
OPM–Sector median 10.4%
Debt / equity–Sector median 0.29x
EV/EBITDA–Sector median 8.4x
Interest cover1.0x
Current ratio2.05x
Sales growth 3y–Sector median +7.7%
Profit growth 3y–Sector median +16.6%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2 cr vs borrowings ₹543 cr (FY26): borrowings are higher by ₹541 cr.
- Operating profit covered interest 1.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Net loss in 4 of the last 8 quarters.
- No dividend in the last 5 financial years.
- Price ₹34.34 on 2026-10-23: 2.0% from the 52-week high, +299.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹31.74 · low ₹9.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 76 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | 2 | -0 | 8 | -0 | -0 | -0 | -0 | -0 |
| OPM % | – | – | 10.0% | – | – | – | – | – |
| Other income | 9 | 14 | -44 | 0 | 14 | 14 | 14 | 14 |
| Net profit | 1 | 1 | 1 | -0 | 0 | -0 | -1 | -1 |
| EPS (₹) | 0.91 | 1.43 | 1.08 | -0.04 | 0.04 | -0.15 | -0.73 | -1.23 |
| Revenue YoY | – | – | -100.0% | – | ||||
| Profit YoY | -95.6% | -110.5% | -167.6% | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 76 | 0 | 0 |
| EBITDA | -2 | -48 | -8 | 6 | -0 | -0 |
| Net profit | -3 | -49 | -9 | 6 | -0 | -2 |
| EPS (₹) | -1.03 | -18.87 | -8.88 | 5.60 | -0.36 | -2.07 |
| Revenue growth | – | – | – | -100.0% | -100.0% | |
| Profit growth | – | – | – | -106.4% | -161.1% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | -100.0% |
| Net profit | – | – | -161.1% |
| EPS | – | – | – |
| Share price | – | – (2y) | – |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 214 | -142 | -128 | -129 |
| Borrowings | – | 834 | 390 | 0 | 543 |
| Cash & equivalents | – | 1 | 2 | 2 | 2 |
| Total assets | – | 1,892 | 947 | 955 | 926 |
| Fixed assets | – | 2 | 0 | 0 | 0 |
| Capital work in progress | – | 0 | 0 | 0 | – |
| Investments | – | 0 | 31 | 28 | 0 |
| Receivables | – | 27 | 7 | 62 | 10 |
| Inventory | – | 1,572 | 897 | 852 | 874 |
| Payables | – | 60 | 2 | 3 | 6 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -5 | -2 | 320 | -100 | 33 |
| Cash from investing | -3 | 0 | -0 | 3 | 0 |
| Cash from financing | 7 | 2 | -318 | 97 | -33 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | -5 | -2 | 320 | -100 | 33 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -22.8% | 6.3% | -4.4% | 0.3% |
| ROCE % | – | -4.6% | 8.0% | -4.4% | 13.5% |
| Debtor days | – | – | – | 298 | – |
| Inventory days | – | – | – | 4,542 | – |
| Payable days | – | – | – | 15 | – |
| Cash conversion cycle (days) | – | – | – | 4,825 | – |
| Working capital days | – | – | – | 3,008 | – |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 95.00% |
| DIIs | 0.00% |
| Public (non-institutions) | 5.00% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% | 95.00% |
| Promoter group | % |
|---|---|
| Ashdan Township Holdings Private Limited | 95.00% |
| Ashok Dhanraj Chordia | 0.00% |
| Ac Realty LLP | 0.00% |
| Astaria Land Developers LLP | 0.00% |
| Classic Promoters And Builders Private Limited | 0.00% |
| Eliture Land Developers LLP | 0.00% |
| Hinjewadi Land Developers LLP | 0.00% |
4,444 shareholders. Pledged: 0.00% of promoter shares.
Peers in Other
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TSFINV | ₹8,585 cr | 17.6x | 1.4x | 8.4% | 3.6% | 20.5% | +121.7% | 2.30% |
| KRISHANA | ₹6,339 cr | 39.9x | 11.3x | 41.6% | 23.2% | 12.6% | +95.7% | 0.05% |
| MARINE | ₹5,431 cr | 84.2x | 11.0x | 14.3% | 18.0% | 10.8% | +25.6% | 0.07% |
| ZOTA | ₹4,139 cr | – | 6.0x | -22.5% | -12.4% | -0.5% | +56.7% | 0.07% |
| AIMTRON | ₹3,319 cr | 71.7x | 17.1x | 28.0% | 31.8% | 21.8% | – | – |
| ACCORD | ₹2,984 cr | – | 261.7x | 12.4% | 12.0% | 2.4% | – | – |
| MONOLITH | ₹2,646 cr | 64.6x | 24.3x | 36.0% | 48.7% | 24.4% | – | – |
| UTSSAV | ₹2,390 cr | 40.2x | 14.1x | 43.4% | 54.7% | 7.9% | – | – |
| BETA | ₹2,200 cr | 40.6x | 5.0x | 16.4% | 17.0% | 20.8% | – | – |
| DSKULKARNI | ₹34 cr | – | – | – | 13.4% | – | – | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2020-12-22 | Other | Annual General Meeting |
| 2017-09-21 | Other | Annual General Meeting |
| 2016-09-22 | Dividend | Annual General Meeting/Dividend - Rs 1.25 Per Share |
| 2015-09-23 | Dividend | Annual General Meeting/ Dividend - Rs 1.25/- Per Share |
| 2014-09-23 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2013-09-23 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2012-09-17 | Dividend | Annual General Meeting/ Dividend Rs 1 Per Share |
| 2011-09-20 | Dividend | Annual General Meeting And Dividend - Re. 1 Per Share |
| 2010-09-20 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2009-09-17 | Other | Agm/Div-Re.1/- Per Share |
| 2008-09-18 | Dividend | Agm/Dividend - 20% Bc End Date Revised |
| 2007-09-21 | Dividend | Agm/Dividend-20% |
| 2006-09-21 | Dividend | Agm/Dividend-20% Purpose Revised |
| 2005-08-24 | Dividend | Agm/Dividend-7% |
| Other | Capital Reduction |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Announcements NSE filings
- Latest results (data file) XBRL
Links go to the original files on the exchange website.
About the company
| Sector | |
| Industry | Other |
| Sub-industry | |
| Symbol | DSKULKARNI |
| BSE code | – |
| ISIN | INE891A01022 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-23.