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    Real estate development
DS Kulkarni Developers Ltd

DS Kulkarni Developers Ltd

9.21
INR
+0.18
(+1.99%)
-2.07EPS
DS Kulkarni Developers Ltd
BSE:DSKULKARNI
(Bombay Stock Exchange)

Recent

price

9.21

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
78.15
79.84
29.06
11.25
38.71
63.74
38.13
26.75
- -
- -
- -
- -
- -
- -
75.5
- -
- -
Revenue per Share
2.92
0.17
5.44
6.09
5.76
4.8
0.35
-27.3
-22.41
-12.78
-1.24
-1.03
-156.99
-8.88
13.12
-0.36
-2.07
Basic EPS, GAAP
58.32
-27.6
-31.7
-3.51
-11.23
-69.91
-13.64
-23.23
15.18
3.51
0.14
-1.76
151.33
319.99
-4.93
32.7
- -
Free Cash Flow per Basic Share
1
0.99
1
1
1
1.5
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
166.79
157.6
172.59
177.35
163.35
166.09
166.51
139.21
116.8
104.01
102.77
101.74
-55.25
-141.54
-128.43
-128.79
- -
Book Value per Share
163.23
154.65
172.41
177.13
163.06
165.77
166.21
139.04
116.72
103.99
102.75
101.72
-55.25
-141.54
-128.43
-128.79
- -
Tangible Book Value per Share
26
26
26
26
26
26
26
26
26
26
26
26
26
10
10
10
10
Basic Weighted Avg Shares
2,016
2,074
750
290
999
1,645
984
690
- -
- -
- -
- -
- -
- -
755
- -
- -
Sales/Revenue/Turnover
-18.93
3.46
39.16
127.94
31.21
14.2
-9.48
-87.18
- -
- -
- -
- -
- -
- -
10.78
- -
- -
Operating Margin (%)
52
60
14
15
34
33
63
62
60
51
16
6
4
1
2
1
1
Depreciation Expense
75
4
140
157
149
124
9
-704
-578
-330
-32
-27
-4,051
-89
131
-4
-21
Net Income, GAAP
8.78
- -
41.62
44.5
47.22
50.59
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
3.74
0.21
18.72
54.19
14.89
7.53
0.91
-102.05
- -
- -
- -
- -
- -
- -
17.37
- -
- -
Profit Margin (%)
6,594
5,136
6,321
6,749
6,086
8,062
9,889
9,720
9,231
8,964
8,946
8,963
5,071
5,751
4,760
4,560
- -
Working Capital
2,903
3,799
2,293
2,590
3,047
4,907
6,903
7,209
7,299
7,312
7,312
7,282
6,893
3,903
3,899
4,263
- -
LT Debt
4,137
3,798
4,453
4,576
4,215
4,285
4,296
3,592
3,013
2,684
2,652
2,625
-1,426
-1,415
-1,284
-1,288
- -
Total Equity
-4.11
- -
1.61
2.18
1.92
1.03
-0.27
- -
- -
- -
- -
- -
- -
- -
1.5
- -
- -
Return on Invested Capital (%)
2.11
- -
2.25
2.81
2.55
1.72
0.56
- -
- -
- -
- -
- -
- -
- -
17.63
- -
- -
Return on Capital (%)
1.75
0.11
3.3
3.48
3.38
2.91
0.21
-17.86
-17.51
-11.58
-1.2
-1.01
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,168
- -
LT Borrowings
- -
4,263
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
- -
- -
- -

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
8,894
- -
Cash, Cash Equivalents & STI
- -
17
- -
Accounts Receivable, Net
- -
95
- -
Inventories
- -
8,745
- -
Total Current Liabilities
- -
4,334
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,168
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-20.94%
-33%
0.28%
Free Cash Flow
-1,126.31%
-2,182.94%
-763.57%
Net Income, GAAP
640%
2,927.3%
-102.78%
Sales/Revenue/Turnover
- -
- -
-100%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
755
755
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.18
0.91
1.43
8.6
13.12
2026
0.47
0.04
-0.15
-0.73
-0.36
2027
-1.23
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
DS Kulkarni Developers Limited is an India-based real estate development and construction company primarily engaged in the development, construction, and sale of residential and commercial real estate properties. The company operates across multiple segments in the property development sector, offering a portfolio that includes integrated residential townships; multi-storey apartment complexes; luxury residential towers and penthouses; mid-income and affordable housing developments; gated villa communities; commercial office spaces; and retail shopping complexes. Its project portfolio has featured prominent developments such as DSK Dream City, DSK Vishwa, DSK Meghmalhar, DSK Aanandghan, DSK Gandhakosh, DSK Sunderban, DSK Madhukosh, and DSK Frangipani. In addition to property development, the company offers civil contracting, project management, infrastructure development, and allied construction services to individual homebuyers, corporate clients, and institutional investors. Founded in 1991 and headquartered in Pune, Maharashtra, India, the company maintains its geographic presence predominantly in Pune, Mumbai, Nashik, and Bengaluru. In recent developments, DS Kulkarni Developers Limited underwent a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, resulting in its acquisition and reorganization by a consortium comprising Ashdan Properties Private Limited, Classic Promoters and Builders Private Limited, and Atul Builders pursuant to a resolution plan approved by the National Company Law Tribunal. Under its new promoter and management leadership, the company has undertaken operational restructuring, capital realignment to meet regulatory minimum public shareholding requirements, internal equity transfers among promoter-affiliated holding entities, and strategic initiatives focused on the revival, construction restart, and delivery of stalled legacy residential housing projects.