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 ₹ 35.0 Cr.
- Current Price ₹ 13.6
- High / Low ₹ /
- Stock P/E
- Book Value ₹ 180
- Dividend Yield 0.00 %
- ROCE 0.33 %
- ROE -0.66 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.08 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.16% over last 3 years.
- Contingent liabilities of Rs.100 Cr.
- Company might be capitalizing the interest cost
- Debtor days have increased from 32.0 to 39.9 days.
* 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
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
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 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 250 | 577 | 337 | 161 | 256 | 207 | 75 | 29 | 100 | 210 | 113 | |
| 216 | 523 | 332 | 155 | 233 | 195 | 45 | -10 | 66 | 181 | 104 | |
| Operating Profit | 34 | 54 | 5 | 6 | 23 | 13 | 30 | 39 | 34 | 29 | 9 |
| OPM % | 13% | 9% | 1% | 4% | 9% | 6% | 40% | 133% | 34% | 14% | 8% |
| 10 | 1 | 3 | 8 | 1 | 5 | 5 | 1 | 8 | 3 | 1 | |
| Interest | 3 | 3 | 3 | 8 | 11 | 13 | 10 | 10 | 10 | 9 | 7 |
| Depreciation | 0 | 1 | 2 | 4 | 5 | 6 | 1 | 1 | 3 | 3 | 6 |
| Profit before tax | 40 | 51 | 3 | 2 | 8 | -2 | 24 | 28 | 28 | 19 | -3 |
| Tax % | 14% | 24% | 53% | 391% | 108% | 456% | 42% | 44% | 47% | 66% | 0% |
| 35 | 39 | 1 | -6 | -1 | -10 | 14 | 16 | 15 | 7 | -3 | |
| EPS in Rs | 15.76 | 17.82 | 1.92 | 0.31 | 2.92 | 0.17 | 5.44 | 6.09 | 5.76 | 2.55 | -1.19 |
| Dividend Payout % | 13% | 13% | 52% | 327% | 34% | 586% | 18% | 16% | 22% | 49% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -11% |
| 3 Years: | 57% |
| TTM: | -46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -146% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -18% |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 2% |
| 3 Years: | 1% |
| 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 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | |
| Reserves | 253 | 392 | 398 | 396 | 388 | 381 | 420 | 432 | 437 | 437 | |
| 131 | 333 | 481 | 590 | 665 | 660 | 416 | 509 | 547 | 755 | ||
| 190 | 304 | 408 | 281 | 245 | 286 | 457 | 592 | 893 | 1,011 | ||
| Total Liabilities | 596 | 1,054 | 1,312 | 1,293 | 1,324 | 1,353 | 1,318 | 1,558 | 1,902 | 2,229 | |
| 4 | 6 | 61 | 66 | 148 | 175 | 40 | 40 | 39 | 49 | ||
| CWIP | 0 | 0 | 87 | 108 | 61 | 69 | 0 | 0 | 0 | 0 | |
| Investments | 0 | 0 | 14 | 14 | 0 | 0 | 1 | 1 | 1 | 1 | |
| 592 | 1,048 | 1,151 | 1,106 | 1,115 | 1,108 | 1,276 | 1,517 | 1,862 | 2,178 | ||
| 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 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -278 | -380 | 5 | -42 | 191 | -30 | -81 | -7 | -26 | -181 | ||
| 3 | -2 | -156 | -29 | -25 | -40 | 204 | -0 | -0 | -11 | ||
| 366 | 303 | 142 | 91 | -155 | 54 | -108 | 17 | -4 | 179 | ||
| Net Cash Flow | 91 | -79 | -10 | 20 | 11 | -16 | 15 | 9 | -31 | -13 |
Ratios
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 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6 | 2 | 4 | 62 | 37 | 31 | 63 | 135 | 35 | 21 | |
| Inventory Days | 9,645 | ||||||||||
| Days Payable | 301 | ||||||||||
| Cash Conversion Cycle | 6 | 2 | 4 | 62 | 9,381 | 31 | 63 | 135 | 35 | 21 | |
| Working Capital Days | 441 | 460 | 796 | 1,800 | 637 | 875 | 2,924 | 7,981 | 2,507 | 1,535 | |
| ROCE % | 9% | 1% | 1% | 2% | 1% | 3% | 4% | 3% | 3% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Offer for Sale
9 Dec - DS Kulkarni Trust sold 500,000 shares (5%) on Dec 5 and 8, 2025; public shareholding now 5%.
-
Announcement under Regulation 30 (LODR)-Offer for Sale
5 Dec - DSK Shareholders Trust to sell up to 500,000 shares (5%) at Rs.10 on Dec 5 and Dec 8, 2025.
-
Notice of Offer for Sale of Shares by Promoter & Floor Price
4 Dec - Sell up to 500,000 shares (5%) at Rs.10; OFS on Dec 5 (non-retail) and Dec 8 (retail).
-
Announcement Under Regulation 30 (LODR)- Listing Approval.
29 Nov - NSE/BSE approved trading of 500,000 shares; trading resumes Dec 2, 2025 for OFS to meet 5% MPS.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - Newspaper publication for financial results for the quarter and half year ended 30th September 2025.
Annual reports
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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