Ds Kulkarni Developers Limited (DSKULKARNI)

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Ds Kulkarni Developers Limited (DSKULKARNI) · mywealthgrid

About

Ds Kulkarni Developers Limited operates in Residential, Commercial Projects within the Consumer Discretionary sector.

Face value: ₹10

Market cap

₹26 Cr

P/E

—

P/B

—

Dividend yield

ROE

—

ROCE

9.7%

Debt / equity

—

OPM

—

EPS (TTM)

₹-2.1

Book value

₹-128.8

52-week high

—

52-week low

—

431 historical price candles were omitted because the exchange source has not been verified.

₹26.1+4%1Y

Quick read

rule-based

Pros

+High promoter holding of 95% with no pledge

Cons

−Low return on equity of -15.6% (3-yr avg)
−Weak interest coverage of 1×

Research score

Structured signal from quality, growth, valuation and momentum.

54/100

Business quality: 8
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	199	0	0	0	0	76	0
COGS	—	0	0	0	0	68	0
Gross profit	—	—	—	—	—	7	—
	161	2	2	3	8	2	0
	37	-2	-2	-3	-8	6	-0
OPM %	18.8%	—	—	—	—	7.3%	—
Depreciation	3	2	1	0	0	0	0
Interest	8	0	0	0	29	0	56
	7	0	0	-46	28	0	56
Profit before tax	33	-3	-3	-49	-9	6	-0
Tax	13	0	0	0	0	0	0
Tax %	38.4%	0%	0%	0%	0%	0%	0%
	14	-3	-3	-49	-9	6	-0
PAT margin %	7.1%	—	—	—	—	7.4%	—
EPS (₹)	5.4	-1.2	-1	-18.9	-8.9	5.6	-0.4
EPS adjusted (₹)	—	-1.2	-1	-18.9	-8.9	5.6	-0.4
Annual report	Annual report for Mar 2016	Annual report for Mar 2021	—	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	26	26	26	10	10	10
Reserves	—	237	188	-152	-138	-139
Minority interest	—	—	0	—	—	—
	—	832	834	390	0	543
	—	843	844	699	1,084	512
Total equity & liabilities	—	1,937	1,892	947	955	926
	4	3	2	0	0	0
CWIP	—	—	0	0	0	—
Investments	—	30	0	31	28	27
	—	1,904	1,889	917	928	899
Total assets	—	1,937	1,892	947	955	926

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	-5	-2	320	-100	33
	0	-3	0	-0	3	0
	0	7	2	-318	97	-33
Net cash flow	0	-0	0	1	-0	-0
Free cash flow	0	-5	-2	320	-100	33
CFO / Operating profit %	—	—	—	—	—	—

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	9.3%	—
EBITDA margin %	18.8%	—	—	—	—	7.3%	—
EBIT margin %	17.1%	—	—	—	—	7.3%	—
PAT margin %	7.1%	—	—	—	—	7.4%	—
Working capital
Receivable days	—	—	—	—	—	298	—
Inventory days	—	—	—	—	—	4,543	—
Payable days	—	—	—	—	—	15	—
NWC days	—	—	—	—	—	4,825	—
Leverage
Current ratio	—	—	1.97	1.96	2.74	3.09	2.05
Debt to EBITDA	—	—	—	—	—	0.03	—
Debt to equity	—	—	3.17	3.9	-2.76	-0	-4.22
Interest coverage	5	—	—	—	0.7	—	1
Asset turnover	—	—	0	0	0	0.08	0
Return ratios
Return on assets %	—	—	-0.1%	-2.6%	-0.9%	0.6%	-0%
Return on capital employed %	—	—	-0.3%	-0.3%	2.5%	0.9%	9.7%
Return on equity %	—	—	-1%	-22.8%	6.3%	-4.4%	0.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	95%	95%	95%	95%	95%	95%	95%	95%
FII	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%
	5%	5%	5%	5%	5%	5%	5%	5%
No. of shareholders	8	8	8	8	8	4,582	4,543	4,543

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Ds Kulkarni Developers Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

28 Sept 2026, 6:36 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

15 Sept 2026, 3:26 pmAGM/EGM

Submission Of Voting Results Under Regulation 44 Of SEBI (LODR) Regulations, 2015 For 35Th Annual General Meeting Held On 10.09.2026

AGM PDF

15 Sept 2026, 3:12 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

10 Sept 2026, 6:10 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

4 Sept 2026, 6:48 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 4:00 pmAGM/EGM

Corrigendum To The Notice Convening The 35Th Annual General Meeting (AGM) And Update On AGM Notice Dated August 19, 2026

AGM PDF

22 Aug 2026, 10:41 amCompany Update

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

General PDF

20 Aug 2026, 3:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
28 Sept 2026, 6:36 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
15 Sept 2026, 3:26 pm	AGM/EGM AGM	Submission Of Voting Results Under Regulation 44 Of SEBI (LODR) Regulations, 2015 For 35Th Annual General Meeting Held On 10.09.2026

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Ratio	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	9.3%	—
EBITDA margin %	18.8%	—	—	—	—	7.3%	—
EBIT margin %	17.1%	—	—	—	—	7.3%	—
PAT margin %	7.1%	—	—	—	—	7.4%	—
Working capital
Receivable days	—	—	—	—	—	298	—
Inventory days	—	—	—	—	—	4,543	—
Payable days	—	—	—	—	—	15	—
NWC days	—	—	—	—	—	4,825	—
Leverage
Current ratio	—	—	1.97	1.96	2.74	3.09	2.05
Debt to EBITDA	—	—	—	—	—	0.03	—
Debt to equity	—	—	3.17	3.9	-2.76	-0	-4.22
Interest coverage	5	—	—	—	0.7	—	1
Asset turnover	—	—	0	0	0	0.08	0
Return ratios
Return on assets %	—	—	-0.1%	-2.6%	-0.9%	0.6%	-0%
Return on capital employed %	—	—	-0.3%	-0.3%	2.5%	0.9%	9.7%
Return on equity %	—	—	-1%	-22.8%	6.3%	-4.4%	0.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

Ds Kulkarni Developers Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Announcements

Ratio timeline

Board meetings1

Not in the F&O segment

No fund holdings on record

Announcements

Quarterly record

Annual reports

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

1

1