DSKULKARNI

DS Kulkarni Developers Limited

DS Kulkarni Developers Limited (DSKULKARNI) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

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Key metrics

Price as of 2026-10-16

Stock price
₹31.74
Market cap
32 Cr
Stock P/E
Loss (TTM EPS ₹-2.07)
OCF / EBITDA (FY25)
-1821.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

A Pune-based real estate developer, whose only reportable segment is real estate development, that has shown no revenue in recent quarters and is now adding wholly owned subsidiaries.

Company snapshot

79thBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

What we see

Concerns
  • ✗Interest coverage of -0.0x — earnings barely cover interest payments, which is a warning sign.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr76 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Operating expenses (approx.)5 Cr0.63 Cr2 Cr4 Cr-2 Cr0.01 Cr68 Cr0.04 Cr0.02 Cr0.07 Cr0.17 Cr0.08 Cr
EBITDA-5 Cr-0.63 Cr-2 Cr-4 Cr2 Cr-0.01 Cr8 Cr-0.04 Cr-0.02 Cr-0.07 Cr-0.17 Cr-0.08 Cr
OPM %——————10.0%—————
Other income0 Cr0 Cr28 Cr20 Cr9 Cr14 Cr-44 Cr0 Cr14 Cr14 Cr14 Cr14 Cr
Interest0.04 Cr2 Cr27 Cr14 Cr10 Cr13 Cr-37 Cr0 Cr14 Cr14 Cr14 Cr15 Cr
Depreciation0.05 Cr0 Cr0.09 Cr0.04 Cr0.04 Cr0.04 Cr-0.13 Cr0 Cr0.02 Cr0.02 Cr0.02 Cr0.02 Cr
Profit before tax-5 Cr-2 Cr-0.04 Cr2 Cr0.91 Cr1 Cr1 Cr-0.04 Cr0.04 Cr-0.15 Cr-0.73 Cr-1 Cr
Tax %0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net profit-5 Cr-2 Cr-0.04 Cr2 Cr0.91 Cr1 Cr1 Cr-0.04 Cr0.04 Cr-0.15 Cr-0.73 Cr-1 Cr
EPS (₹)₹-5.45₹-2.14₹-0.04₹2.18₹0.91₹1.43₹1.08₹-0.04₹0.04₹-0.15₹-0.73₹-1.23

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales98 Cr69 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr76 Cr0 CrSign in free for the trailing twelve months
Operating expenses (approx.)102 Cr123 Cr1 Cr0.79 Cr2 Cr2 Cr3 Cr8 Cr70 Cr0.31 CrSign in free for the trailing twelve months
EBITDA-3 Cr-54 Cr-1 Cr-0.79 Cr-2 Cr-2 Cr-3 Cr-8 Cr6 Cr-0.31 CrSign in free for the trailing twelve months
OPM %-3.1%-78.5%——————7.3%—Sign in free for the trailing twelve months
Other income17 Cr9 Cr6 Cr0.06 Cr0 Cr0.05 Cr0 Cr28 Cr0.10 Cr56 CrSign in free for the trailing twelve months
Interest6 Cr19 Cr57 Cr27 Cr0.0001 Cr0 Cr0 Cr29 Cr0 Cr56 CrSign in free for the trailing twelve months
Depreciation6 Cr6 Cr6 Cr5 Cr2 Cr0.60 Cr0.43 Cr0.09 Cr0 Cr0.10 CrSign in free for the trailing twelve months
Profit before tax0.89 Cr-70 Cr-58 Cr-33 Cr-3 Cr-3 Cr-49 Cr-9 Cr6 Cr-0.36 CrSign in free for the trailing twelve months
Tax %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Net profit0.89 Cr-70 Cr-58 Cr-33 Cr-3 Cr-3 Cr-49 Cr-9 Cr6 Cr-0.36 CrSign in free for the trailing twelve months
EPS (₹)₹0.42———₹-1.24₹-1.03₹-18.87₹-8.88₹5.60₹-0.36Sign in free for the trailing twelve months
Dividend payout %————————0.0%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital26 Cr26 Cr26 Cr26 Cr26 Cr26 Cr26 Cr10 Cr10 Cr10 Cr
Reserves404 Cr333 Cr276 Cr243 Cr239 Cr237 Cr188 Cr-152 Cr-138 Cr-139 Cr
Borrowings787 Cr827 Cr836 Cr835 Cr835 Cr832 Cr834 Cr390 Cr0.17 Cr543 Cr
Other liabilities816 Cr767 Cr816 Cr842 Cr845 Cr843 Cr844 Cr699 Cr1,084 Cr512 Cr
Total liabilities2,033 Cr1,953 Cr1,953 Cr1,946 Cr1,945 Cr1,937 Cr1,892 Cr947 Cr955 Cr926 Cr
Fixed assets (net)22 Cr16 Cr10 Cr5 Cr3 Cr3 Cr2 Cr0 Cr0 Cr0 Cr
CWIP——————0 Cr0 Cr0 Cr—
Investments3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr0 Cr31 Cr28 Cr27 Cr
Loans & advances——————223 Cr0 Cr0 Cr0 Cr
Inventories1,636 Cr1,572 Cr1,572 Cr1,572 Cr1,572 Cr1,572 Cr1,572 Cr897 Cr852 Cr874 Cr
Trade receivables7 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr7 Cr62 Cr9 Cr
Cash & bank36 Cr2 Cr2 Cr0.39 Cr0.76 Cr0.46 Cr0.62 Cr2 Cr2 Cr2 Cr
Other assets329 Cr334 Cr339 Cr339 Cr340 Cr333 Cr68 Cr10 Cr12 Cr13 Cr
Total assets2,033 Cr1,953 Cr1,953 Cr1,946 Cr1,945 Cr1,937 Cr1,892 Cr947 Cr955 Cr926 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-28 Cr-60 Cr39 Cr9 Cr0.36 Cr-5 Cr-2 Cr320 Cr-100 Cr33 Cr
Cash from investing-10 Cr-5 Cr-6 Cr0.06 Cr0 Cr-3 Cr0 Cr-0.46 Cr3 Cr0 Cr
Cash from financing40 Cr32 Cr-33 Cr-11 Cr0.0036 Cr7 Cr2 Cr-318 Cr97 Cr-33 Cr
Net cash flow1 Cr-33 Cr-0.24 Cr-2 Cr0.36 Cr-0.30 Cr0.16 Cr1 Cr-0.25 Cr-0.03 Cr
Free cash flow (OCF − Capex)-35 Cr———0.36 Cr-5 Cr-2 Cr320 Cr-100 Cr33 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %0.6%-4.4%-0.0%-0.5%-0.3%-0.2%-4.6%———
ROE %0.2%-19.6%-19.2%-12.3%-1.2%-1.0%-22.8%———
Debtor days26140——————297—
Inventory days60498289——————453014335
Days payable248284——————1595
Cash conversion cycle58268145——————481214240
OCF / EBITDA %————————-1821.0%—
Debt / equity1.832.302.773.113.153.173.90—0.00—
Current ratio2.092.142.031.971.961.971.962.743.092.05
Net debt / EBITDA————————-0.29—