DS Kulkarni Developers Ltd.

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dskcrip.comBSE: -NSE: DSKULKARNI

Market Cap₹ 21 Cr.

Current Price

High / Low₹ 21 / 9

Stock P/E—

Book Value—

Price to Book0.40

Dividend Yield0.00 %

ROCE2.5 %

ROE1.4 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

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PROS

Company has consistently been profitable over the last 5 years
Company has been maintaining a healthy dividend payout of 49.1%
Working capital cycle has improved - days down from 2682 to 1595
Company has a consistent dividend-paying track record

CONS

Company has a high debt-to-equity of 1.63x
Operating cash flow has been negative in recent years
Company has a low return on capital employed of 3.5%
Company has a low return on equity of 2.7% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -5.78x)
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	643.60	35.83	159311.06	1.24	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1113.00	26.96	111226.00	0.38	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1891.15	52.85	67642.25	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1505.00	56.92	64824.90	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1747.40	24.16	63535.85	0.46	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1745.00	32.85	52564.02	0.57	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	599.05	37.26	21558.43	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	638.90	30.00	20844.71	0.24	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1284.65	108.49	14348.99	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1217.35	56.45	13020.02	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	762.15	10.27	10722.39	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	DSKULKARNI	21.00	0.00	21.00	0.00	-12.29	—	0.00	—	14.58	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
	30	78	188	241	256	207	75	29	100	210
	-4	24	181	227	233	195	45	-9	67	181
Operating Profit	34	53	7	14	23	13	30	38	33	28
OPM %	112.78%	68.86%	3.78%	5.76%	9.11%	6.17%	39.77%	132.62%	33.32%	13.59%
	10	1	1	1	1	5	5	1	8	3
Interest	3	3	3	8	11	13	10	10	10	9
Depreciation	0	1	2	4	5	6	1	1	3	3
Profit before Tax	40	51	3	2	8	-2	24	28	28	19
Tax %	13.83%	23.72%	52.46%	391.72%	108.51%	-455.44%	41.62%	44.50%	47.22%	66.01%
Net Profit	35	39	1	-6	-1	-10	14	16	15	7
EPS	15.76	15.19	1.92	0.31	2.92	0.17	5.44	6.09	5.76	2.54
Dividend Payout %	—	—	—	325.50%	34.22%	584.11%	18.38%	16.41%	21.69%	49.12%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -4%
3 Years:: 41%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -3%
3 Years:: -22%

STOCK PRICE CAGR

10 Years:: -12%
5 Years:: 9%
3 Years:: 16%
1 Year:: 55%

RETURN ON EQUITY

10 Years:: —
5 Years:: 2%
3 Years:: 3%
Last Year:: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Equity Capital	22	26	26	26	26	26	26	26	26	26
Minority Interest	0	0	-1	-8	-17	-27	0	0	0	0
	253	392	398	396	388	381	420	432	437	437
	131	333	481	590	665	441	256	282	367	591
Trade Payables	18	87	7	26	31	24	16	16	28	62
	172	217	401	263	230	507	600	803	1,044	1,112
Total Liabilities	596	1,054	1,312	1,293	1,324	1,353	1,318	1,558	1,902	2,229
	4	6	61	72	148	175	40	40	39	49
Capital Work in Progress	0	0	87	102	61	69	0	0	0	0
	0	0	14	14	0	0	1	1	1	1
	444	947	1,093	1,021	1,008	1,001	1,165	1,373	1,627	1,852
	4	3	3	27	26	18	13	11	9	12
Cash & Bank	91	12	2	22	33	17	31	40	48	35
	53	86	52	35	48	73	68	93	178	280
Total Assets	596	1,054	1,312	1,293	1,324	1,353	1,318	1,558	1,902	2,229

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
	-278	-380	5	-42	191	-30	-81	-7	-26	-181
Cash from Investing	3	-2	-156	-29	-25	-40	204	-0	-0	-11
Cash from Financing	366	303	142	91	-155	54	-108	17	-4	179
	91	-79	-10	20	11	-16	15	9	-31	-13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	95.00	95.00	95.00	95.00	95.00	95.00	95.00	95.00	95.00
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Shareholders meeting

2026-09-10 - DS Kulkarni Developers Limited has informed the Exchange regarding Proceedings of 35th Annual General Meeting held on September 10, 2026

2026-09-04

Copy of Newspaper Publication

2026-09-04 - DS Kulkarni Developers Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

Corrigendum

2026-09-03 - DS Kulkarni Developers Limited has informed the Exchange regarding Corrigendum to Notice of 35th Annual General Meeting to be held on September 10, 2026

2026-08-22

Updates

2026-08-22 - DS Kulkarni Developers Limited has informed the Exchange regarding 'Completion of the transfer formalities in relation to the acquisition of equity shares of D SKulkarni Developers Limited ( Company ) by Ashdan Township Holdings Private Limited.'.

2026-08-20

Copy of Newspaper Publication

2026-08-20 - DS Kulkarni Developers Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-19

Updates

2026-08-19 - DS Kulkarni Developers Limited has informed the Exchange regarding 'Intimation of 35th Annual General Meeting (AGM), E-voting and Submission of Notice along with Annual Report for FY 2025 - 26.'.

2026-08-19

Shareholders meeting

2026-08-19 - DS Kulkarni Developers Limited has informed the Exchange regarding Notice of 35th Annual General Meeting to be held on September 10, 2026

2026-08-17

Copy of Newspaper Publication

2026-08-17 - DS Kulkarni Developers Limited has informed the Exchange about Copy of Newspaper Publication for the Unaudited Financial Results for the quarter ended 30 June, 2026.

2026-08-14

Outcome of Board Meeting

2026-08-14 - DS Kulkarni Developers Limited has informed the Exchange regarding Outcome of Board Meeting held on August 14, 2026.

News

Recent coverage and analyst commentary for DSKULKARNI

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