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D S Kulkarni Developers

DSKULKARNI NSE
₹38.64 +0.75 (+1.98%)
P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 4 Nov 2026 ₹38.64 +29.61 +328% since 3 Aug 2026
Start ₹9.03

Key Fundamentals

Microcap

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
13.80%
Debt to Equity
Not meaningful: shareholders’ equity is negative
EPS (TTM)
−₹2.07
Book Value
−₹128.79
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
Not meaningful: book value is negative
ROE
Not meaningful: shareholders’ equity is negative
Dividend Yield
0.00%
EBITDA
₹31.40 Cr
52W High
₹38.64
52W Low
₹8.60
Day Range
₹38.64 – ₹38.64
Volume
36

Peer Comparison

Consumer Discretionary › Realty › Residential, Commercial Projects

D S Kulkarni Developers peer comparison
₹720.0039.02₹1,76,861 Cr3.911.13%9.50%6.32%₹6,375 Cr₹4,567 Cr
₹1,122.0027.17₹1,09,477 Cr4.510.40%15.50%16.40%₹18,181 Cr₹4,129 Cr
₹2,079.5058.10₹73,757 Cr8.170.12%11.00%12.40%₹4,545 Cr₹1,629 Cr
₹1,580.0059.74₹67,457 Cr4.180.13%7.53%10.40%₹13,053 Cr₹1,265 Cr
₹1,710.9023.64₹61,958 Cr3.260.24%14.60%17.30%₹6,214 Cr₹2,632 Cr
₹1,739.0032.73₹51,392 Cr2.710.60%8.82%7.63%₹5,203 Cr₹1,591 Cr
₹541.1025.40₹17,553 Cr2.470.38%10.50%10.50%₹5,532 Cr₹784 Cr
D S Kulkarni Developers (this company)
₹38.64—₹38 Cr—0.00%—13.80%₹0 Cr−₹2 Cr
Median 8 companies₹1,351.0032.73₹64,707 Cr3.910.31%10.50%11.45%₹5,873 Cr₹1,610 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Key Insights

No strengths listed

Weaknesses

2
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.56.2 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish5113
OscillatorsStrong Bearish513
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
99.31
Bearish
MACD (12,26,9)
3.87
Bullish
SMA (50)
24.61
Bullish
SMA (200)
16.77
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−100.00%
5YZero base
3YZero base
1Y−100.00%
TTM−100.00%

Net profit

Net profit growth by window
10YTurned to loss
5YLoss narrowed by ₹2.84 Cr
3YLoss narrowed by ₹404.70 Cr
1YTurned to loss
TTMTurned to loss

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y+146.40%
3Y−56.25%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YNo sales
5YNo sales
3YNo sales
1YNo sales
TTMNo sales

Revenue by year

Revenue by year, ₹ crore
Mar 2015₹94.95 Cr
Mar 2016₹203 Cr
Mar 2019₹0.00 Cr
Mar 2020₹0.00 Cr
Mar 2021₹0.00 Cr
Mar 2022₹0.00 Cr
Mar 2023₹0.00 Cr
Mar 2024₹0.00 Cr
Mar 2025₹75.50 Cr
Mar 2026₹0.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2015₹18.50 Cr
Mar 2016₹14.03 Cr
Mar 2019−₹57.83 Cr
Mar 2020−₹32.98 Cr
Mar 2021−₹3.20 Cr
Mar 2022−₹2.66 Cr
Mar 2023−₹405 Cr
Mar 2024−₹8.88 Cr
Mar 2025₹13.12 Cr
Mar 2026−₹0.36 Cr

Quarterly Results

₹ Cr
DSKULKARNI quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
0
0
0
0
0
0
0
75.5
0
0
0
0
0
Expenses
0.82
5.36
0.63
1.56
3.64
−1.64
0.01
67.97
0.03
0.03
0.07
0.17
0.08
Operating Profit
−0.82
−5.36
−0.63
−1.56
−3.64
1.64
−0.01
7.53
−0.03
−0.03
−0.07
−0.17
−0.08
OPM %
—
—
—
—
—
—
—
9.97%
—
—
—
—
—
Other Income
0
0
0
28.24
20.08
9.48
14.14
13.95
0
14.14
14.16
13.88
13.99
Interest
0
0.63
1.51
26.63
14.21
10.17
12.66
12.84
0
14.05
14.21
14.41
15.11
Depreciation
0.05
0
0
0.09
0.04
0.04
0.04
0.04
0
0.02
0.02
0.02
0.02
PBT
−0.88
−5.99
−2.14
−0.04
2.18
0.91
1.43
8.6
−0.04
0.04
−0.14
−0.73
−1.23
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Net Profit
−0.88
−5.99
−2.14
−0.04
2.18
0.91
1.43
8.6
−0.04
0.04
−0.15
−0.73
−1.23
EPS (₹)
−0.34
−5.99
−2.14
−0.04
2.18
0.91
1.43
8.6
0.47
0.04
−0.15
−0.73
−1.23

Profit & Loss

₹ Cr
DSKULKARNI profit and loss, annual, ₹ crore
Particulars Mar 2013Mar 2014Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
54.1
30.91
94.95
203
0
0
0
0
0
0
75.5
0
0
Expenses
19.42
−12.89
51.33
161
1.04
0.8
1.6
2.11
635
8.26
69.98
0.29
0.35
Operating Profit
34.68
43.8
43.62
42.09
−1.04
−0.8
−1.6
−2.11
−635
−8.26
5.52
−0.29
−0.35
OPM %
64.1%
141.7%
45.94%
20.73%
—
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
—
—
—
7.31%
—
—
Other Income
4.65
−7.32
1.1
−3.74
6.49
0.06
0
0.05
231
28.24
57.65
56.17
56.17
Interest
9.47
9.37
9.55
8.28
57.28
27.11
1.6
0
0
28.77
49.88
56.13
57.78
Depreciation
1.43
1.45
3.35
3.29
6
5.13
0
0.6
0.43
0.09
0.17
0.1
0.08
PBT
28.43
25.66
31.82
26.78
−57.83
−32.98
−3.2
−2.66
−405
−8.88
13.12
−0.36
−2.04
Tax %
35.17%
49.14%
41.83%
47.61%
0%
0%
0%
0%
0%
0%
0%
0%
—
Net Profit
18.43
13.05
18.5
14.03
−57.83
−32.98
−3.2
−2.66
−405
−8.88
13.12
−0.36
−2.07
EPS (₹)
7.14
5.06
7.17
5.44
−22.41
−12.78
−1.24
−1.03
−157
−8.88
13.12
−0.36
−2.07
Div. Payout %
14%
19.77%
17.43%
22.99%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
DSKULKARNI balance sheet, annual, ₹ crore
Particulars Mar 2013Mar 2014Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
25.8
25.8
25.8
25.8
25.8
25.8
25.8
25.8
25.8
10
10
10
Reserves
465
476
490
499
276
243
239
237
−168
−152
−138
−139
Borrowings
406
486
533
743
873
887
887
884
731
465
520
543
Other Liabilities
457
593
891
1,003
778
790
793
791
355
623
564
512
Total Liabilities
1,354
1,580
1,940
2,270
1,953
1,946
1,945
1,937
944
947
955
926
Fixed Assets
40.45
40.47
38.83
49.02
37.51
32.38
30.77
30.17
27.25
27.67
27.39
27.29
CWIP
0.3
0.3
0.39
0.48
0
0
0
0
0
0
0
0
Investments
49.13
22.04
22.04
16.85
2.85
2.85
2.85
2.85
2.85
2.85
0.12
0.12
Other Assets
1,264
1,517
1,878
2,204
1,913
1,911
1,912
1,904
914
917
928
899
Total Assets
1,354
1,580
1,940
2,270
1,953
1,946
1,945
1,937
944
947
955
926

Cash Flow

₹ Cr
DSKULKARNI cash flow, annual, ₹ crore
Particulars Mar 2013Mar 2014Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−64.66
−31.91
−80.43
−180
39.17
9.05
0.36
−4.55
390
320
−4.93
32.7
Investing
3.47
26.84
−0.31
−11.42
−5.97
0.06
0
7.28
74.54
−0.46
0
0
Financing
75.73
14.32
7.89
179
−33.45
−10.9
0
−3.03
−465
−318
4.68
−32.73
Net Cash Flow
14.54
9.25
−72.85
−13.2
−0.24
−1.8
0.36
−0.3
0.16
1.39
−0.25
−0.03
Free Cash Flow
−65.18
−33.49
−82.82
−194
39.17
9.05
0.36
−4.55
390
320
−4.93
32.7
CFO/OP
−165
−49
−163
−389
−3,766
−1,131
−22
216
−61
−3,875
−76
−11,290

Ratios

DSKULKARNI financial ratios, annual
Particulars Mar 2013Mar 2014Mar 2015Mar 2016Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
23.82
39.09
12.45
7.35
—
—
—
—
—
—
298
—
Inventory Days
—
—
—
—
—
—
—
—
—
—
13,374
—
Days Payable
—
—
—
—
—
—
—
—
—
—
45.19
—
Cash Conversion Cycle
23.82
39.09
12.45
7.35
—
—
—
—
—
—
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
Working Capital Days
4,017
6,816
2,411
1,479
—
—
—
—
—
—
2,293
—
ROCE %
4.18%
4.66%
4.21%
3.6%
—
−0.5%
−0.14%
−0.23%
−73.25%
4.36%
17.62%
13.85%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view D S Kulkarni Developers insights

61 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 95.00%
  • Public 3.83%
  • Others 1.17%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about D S Kulkarni Developers

What does D S Kulkarni Developers Ltd do?
DS Kulkarni Developers is engaged in the business of real estate development in india.
Where is D S Kulkarni Developers Ltd (DSKULKARNI) listed?
D S Kulkarni Developers Ltd trades as DSKULKARNI on the NSE and under code 523890 on the BSE.
Which sector does D S Kulkarni Developers Ltd belong to?
D S Kulkarni Developers Ltd is classified under the Consumer Discretionary sector, in the Realty industry.
What is the 52-week high and low of D S Kulkarni Developers Ltd?
Over the last 52 weeks D S Kulkarni Developers Ltd has traded between ₹8.6 and ₹38.64 as of 4 Nov 2026.

Company Information

DS Kulkarni Developers is engaged in the business of real estate development in india.

Website dskdl.com
Listed 10 Oct 2006
Face Value ₹10

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