DSKULKARNIConsumer Discretionary

DS Kulkarni Developers Limited

Residential, Commercial Projects · ISIN INE891A01022 · BSE 523890 · NSE BE · FV ₹10
Last price
₹24
+1.99%today
What this company does

DS Kulkarni Developers Limited operates in Residential, Commercial Projects, part of the Consumer Discretionary sector. It booked ₹0 cr of revenue in its latest quarter (Q1 FY27).

In the report:
40out of 100
Equitytale Health Score
Strained

Healthier than 40% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 370–422 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
overbought
RSI (14)
100

At close. Not part of the score.

Profitability & returns54

How much profit it earns on the money it employs

Balance sheet32

How much it owes, and whether earnings cover the interest

Cash quality19

Whether reported profit actually arrives as cash

Growth & consistency17

Whether sales and profit have grown, and how steadily

Governance & risk88

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: valuation. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Promoters hold 95%
✓ No promoter shares pledged
Watch-outs
! Currently loss-making

What if I invest in DSKULKARNI?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹24▲ +1.99%
latest close · 2026-09-25
52-wk low ₹932 sessions so far52-wk high ₹24
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
EV / EBITDA10.2Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on capital11.3%Fair
WeakFairStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover0.9×Risky
RiskyOkayStrong ▸5×
Current ratio2.05Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹24 cr
Book value
₹-129
EPS
₹-1.23
latest quarter
Net debt
₹541 cr
owes more than its cash
Enterprise value
₹566 cr
EBITDA
₹56 cr
annualised
EBIT
₹56 cr
annualised
Operating margin
—
Return on assets
-0.5%
Earnings yield
—
P/S
—
Sales / share
₹0.0
Tax rate
—
Face value
₹10
Shares
1.0 cr
Working capital
₹456 cr
Current assets
₹889 cr
Current liabilities
₹433 cr
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-25.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹0 cr
Other Income₹14 cr
Total Income₹14 cr
Cost of Materials₹6 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-6 cr
Employee Benefit Expense₹0 cr
Finance Costs₹15 cr
Depreciation & Amortisation₹2.5 L
Other Expenses₹8.4 L
Total Expenses₹15 cr
Profit before Tax₹-1 cr
Tax Expense₹0 cr
Net Profit₹-1 cr
Net margin on total income-8.8%
Where the money goes · Q1 FY27
% of total spend
Finance costs₹15 cr99.3%
Depreciation & amortisation₹2.5 L0.2%
Other expenses₹8.4 L0.6%
Total income ₹14 cr

The company made a net loss of ₹1 cr this quarter — income covered only ₹92 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue0 cr0 cr0 cr
Total income14 cr14 cr14 cr
Expenses14 cr15 cr15 cr
Profit before tax-14.7 L-72.9 L-1 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-14.7 L-72.9 L-1 cr
Net margin (owners' share, on revenue)———
EPS (₹)-0.15-0.73-1.23
Balance sheet & cash flow · as of Mar 2026
Total assets
₹926 cr
Shareholder equity
₹-129 cr
parent shareholders
Total debt
₹543 cr
Cash
₹2 cr
Cash flow · H1 FY26
Operating
₹39 cr
Investing
₹0 cr
Financing
₹-39 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹683₹1.69 L cr53.2
Lodha Developers Limited₹1,165₹1.16 L cr21.2
The Phoenix Mills Limited₹1,978₹70,756 cr59.6
Oberoi Realty Limited₹1,859₹67,575 cr31.1
Prestige Estates Projects Limited₹1,478₹63,649 cr67.4
Godrej Properties Limited₹1,700₹51,210 cr36.6
Anant Raj Limited₹617₹22,220 cr37.1
Brigade Enterprises Limited₹598₹19,501 cr24.3
Sobha Limited₹1,227₹13,118 cr64.6
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
95.0%
FII / Foreign
—
DII / Domestic
0.0%
Retail / others
5.0%
Promoter stake up 48.2% over the last 8 quarters.
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2025
See the official result
1
Adoption of the Audited Standalone Financial Statements and Report of the Board of Directors and Auditors thereon for the Financial Year ended on 31st March, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
5.00 L votes for, 0 against · 0% of mutual funds and other big investors said no
2
Appointment of Sumit Ramesh Diwane (DIN: 10076052), who retires by rotation as a Director.
Backed by 100% of shareholders other than promotersneeded 50%
5.00 L votes for, 0 against · 0% of mutual funds and other big investors said no
3
Approval of Material Related Party Transaction with Classic Promoters and Builders Private Limited, a related entity
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
5.00 L votes for, 0 against · 0% of mutual funds and other big investors said no
4
Appointment of M/s. Saurabh Shukla and Associates as Secretarial Auditor of the Company for one term of five consecutive years i.e. from the conclusion of 34th Annual General Meeting (AGM) till the conclusion of 39th AGM and to fix their remuneration
Backed by 100% of shareholders other than promotersneeded 50%
5.00 L votes for, 0 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 95.0% between them · as of 2026-06-30
Ashdan Township Holdings Private Limited95.00%
AC Realty LLPno shares
Astaria Land Developers LLPno shares
Atul Buildersno shares
Classic Promoters and Builders Private Limitedno shares
Eliture Land Developers LLPno shares
Hinjewadi Land Developers LLPno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.