D S Kulkarni Developers Ltd
DS Kulkarni Developers is engaged in the business of real estate development in india.(Source : 202203 Annual Report Page No:81)
- Market Cap ₹ 19.0 Cr.
- Current Price ₹ 19.0
- High / Low ₹ 19.0 / 8.60
- Stock P/E
- Book Value ₹ -129
- Dividend Yield 0.00 %
- ROCE 13.8 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.56.2 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 54.10 | 30.91 | 94.95 | 203.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 75.50 | 0.00 | 0.00 | |
| 19.42 | -12.89 | 51.33 | 160.98 | 1.04 | 0.80 | 1.60 | 2.11 | 635.23 | 8.26 | 69.98 | 0.29 | 0.35 | |
| Operating Profit | 34.68 | 43.80 | 43.62 | 42.09 | -1.04 | -0.80 | -1.60 | -2.11 | -635.23 | -8.26 | 5.52 | -0.29 | -0.35 |
| OPM % | 64.10% | 141.70% | 45.94% | 20.73% | -1,233.33% | 7.31% | |||||||
| 4.65 | -7.32 | 1.10 | -3.74 | 6.49 | 0.06 | 0.00 | 0.05 | 230.59 | 28.24 | 57.65 | 56.17 | 56.17 | |
| Interest | 9.47 | 9.37 | 9.55 | 8.28 | 57.28 | 27.11 | 1.60 | 0.00 | 0.00 | 28.77 | 49.88 | 56.15 | 57.78 |
| Depreciation | 1.43 | 1.45 | 3.35 | 3.29 | 6.00 | 5.13 | 0.00 | 0.60 | 0.43 | 0.09 | 0.17 | 0.10 | 0.08 |
| Profit before tax | 28.43 | 25.66 | 31.82 | 26.78 | -57.83 | -32.98 | -3.20 | -2.66 | -405.07 | -8.88 | 13.12 | -0.37 | -2.04 |
| Tax % | 35.17% | 49.14% | 41.83% | 47.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| 18.43 | 13.05 | 18.50 | 14.03 | -57.83 | -32.98 | -3.20 | -2.66 | -405.06 | -8.88 | 13.12 | -0.36 | -2.07 | |
| EPS in Rs | 7.14 | 5.06 | 7.17 | 5.44 | -22.41 | -12.78 | -1.24 | -1.03 | -156.99 | -8.88 | 13.12 | -0.36 | -2.07 |
| Dividend Payout % | 14.00% | 19.77% | 17.43% | 22.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 26% |
| TTM: | -118% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -12% |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25.80 | 25.80 | 25.80 | 25.80 | 25.80 | 25.80 | 25.80 | 25.80 | 25.80 | 10.00 | 10.00 | 10.00 |
| Reserves | 465.20 | 475.55 | 489.93 | 498.51 | 275.55 | 242.57 | 239.36 | 236.70 | -168.36 | -151.54 | -138.43 | -138.79 |
| 405.86 | 485.67 | 533.31 | 743.32 | 873.31 | 887.38 | 887.38 | 884.35 | 731.28 | 465.33 | 519.74 | 543.14 | |
| 456.92 | 592.78 | 890.58 | 1,002.69 | 778.21 | 790.25 | 792.62 | 790.54 | 355.31 | 623.40 | 564.16 | 511.62 | |
| Total Liabilities | 1,353.78 | 1,579.80 | 1,939.62 | 2,270.32 | 1,952.87 | 1,946.00 | 1,945.16 | 1,937.39 | 944.03 | 947.19 | 955.47 | 925.97 |
| 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 | 0.30 | 0.30 | 0.39 | 0.48 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
| 1,263.90 | 1,516.99 | 1,878.36 | 2,203.97 | 1,912.51 | 1,910.77 | 1,911.54 | 1,904.37 | 913.93 | 916.67 | 927.96 | 898.56 | |
| Total Assets | 1,353.78 | 1,579.80 | 1,939.62 | 2,270.32 | 1,952.87 | 1,946.00 | 1,945.16 | 1,937.39 | 944.03 | 947.19 | 955.47 | 925.97 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -64.66 | -31.91 | -80.43 | -180.47 | 39.17 | 9.05 | 0.36 | -4.55 | 390.46 | 320.11 | -4.93 | 32.70 | |
| 3.47 | 26.84 | -0.31 | -11.42 | -5.97 | 0.06 | 0.00 | 7.28 | 74.54 | -0.46 | 0.00 | 0.00 | |
| 75.73 | 14.32 | 7.89 | 178.70 | -33.45 | -10.90 | 0.00 | -3.03 | -464.84 | -318.25 | 4.68 | -32.73 | |
| Net Cash Flow | 14.54 | 9.25 | -72.85 | -13.20 | -0.24 | -1.80 | 0.36 | -0.30 | 0.16 | 1.39 | -0.25 | -0.03 |
| Free Cash Flow | -65.18 | -33.49 | -82.82 | -194.45 | 39.17 | 9.05 | 0.36 | -4.55 | 390.46 | 320.11 | -4.93 | 32.70 |
| CFO/OP | -165% | -49% | -163% | -389% | -3,766% | -1,131% | -22% | 216% | -61% | -3,875% | -76% | -11,290% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23.82 | 39.09 | 12.45 | 7.35 | 298.19 | |||||||
| Inventory Days | 19,122,106.67 | 13,373.66 | 14,377.22 | |||||||||
| Days Payable | 655,540.00 | 45.19 | 95.52 | |||||||||
| Cash Conversion Cycle | 23.82 | 39.09 | 12.45 | 7.35 | 13,626.65 | |||||||
| Working Capital Days | 4,016.55 | 6,815.62 | 2,410.58 | 1,479.14 | 2,292.54 | |||||||
| ROCE % | 4.18% | 4.66% | 4.21% | 3.60% | -0.50% | -0.14% | -0.23% | -73.25% | 4.36% | 17.62% | 13.85% |
Insights
In beta| Mar 2015 | Mar 2016 | |
|---|---|---|
| Cumulative apartments delivered (since inception) count (apartments) |
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| Cumulative area developed (since inception) sq ft (lakh) |
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| Cumulative projects delivered (since inception) count (projects) |
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| New project launches - number of projects count (projects) |
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| New project launches - units launched count (units) |
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| Ongoing projects - number of projects count (projects) |
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| Ongoing projects - saleable area sq ft |
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| Ongoing projects - total units count (units) |
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Extracted by Screener AI
Documents
Announcements
-
Completion Of The Transfer Formalities In Relation To The Acquisition Of Equity Shares Of D S Kulkarni Developers Limited ('Company') By Ashdan Township Holdings Private Limited
- 94,99,994 shares transferred to ATHPL on August 20, 2026; lock-in continues until August 31, 2027.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement for Notice of 35th Annual General Meeting and e-voting details
- Reg. 34 (1) Annual Report.
- Notice Of 35Th Annual General Meeting Scheduled To Be Held On Thursday, 10Th September, 2026 Along With Annual Report For The FY 2025-26
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication dated 15th August, 2026 for publication of quarterly unaudited standalone financial results for the quarter ended on 30th June, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2024
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