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DS Kulkarni Developers (DSKULKARNI) is loss-making over the last 12 months, losing ₹2.07 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹40.19, close to its 52-week high. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹543 Cr. It is a small-cap company with a market cap of ₹40 Cr, ranked 83rd of 112 Real Estate (Development) companies by market cap; the shares rose 191% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹40.19
Day high
₹40.19
Day low
₹40.19
Prev. close
₹39.41
Volume
74

Health check

1 good · 3 to check
  • ReturnsAhead

    +190.8% over a year, better than 7 of 7 peers.

  • Price tagNegative equity

    Book value is below zero, so P/E and P/B mislead here.

  • Growthn/a

    Not enough yearly results to measure.

  • ProfitabilityDistorted

    With negative net worth, return ratios are meaningless.

  • Balance sheetStretched

    Negative net worth: liabilities exceed assets.

  • Red flags4 to check

    Loss-making over the last twelve months.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate - Development

111 listed peers. Screen the industry

Small cap

₹40 Cr, #83 of 112 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Market cap
₹40 Cr
Small cap
P/E
n/a
Industry 22.1
Price to book
−0.31
Peers 2.88
Dividend yield
0.00%
ROE
n/a
Peers 11.1%
ROCE
11.3%
Peers 10.4%
Debt to equity
n/a
Debt ₹543 Cr
EPS (TTM)
−₹2.07
Face value ₹10
OPM (TTM)
0.0%
Net margin 0.0%
Sales growth
n/a
Year-ago quarter not reported
Profit growth
−360.9%
Latest quarter vs a year ago
Price to sales
n/a
EV/EBITDA −1636.5

Strengths and risks

Risks to check

  • Loss-making over the last twelve months.
  • Negative net worth: liabilities exceed assets.
  • Quarterly profit down 360.9% on a year ago.
  • Interest coverage of only −0.0×.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About DS Kulkarni Developers

D S Kulkarni Developers Limited, together with its subsidiaries, engages in real estate development business in India. The company was incorporated in 1991 and is based in Pune, India.

Headquarters
Pune
Sector
Real Estate
ISIN
INE891A01022
Website
dskcirp.com

Price range

52 weeks

₹8.60₹40.19

Today

₹40.19₹40.19
Avg volume (3M)
183
1-year return
plus 190.8%
From 52-week high
0.0%

Peers · Real Estate - Development

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
DLFDLF752.90plus 1.03%1,86,36640.8127.66.3%15.3%0.0111.3%minus 3.8%
LODHALodha Developers1,179.00plus 0.27%1,17,81227.125.218.2%33.1%0.4120.4%minus 3.9%
OBEROIRLTYOberoi Realty1,739.00minus 0.13%63,23024.018.816.7%57.5%0.1412.9%minus 2.2%
GODREJPROPGodrej Properties1,809.30minus 0.31%54,50140.4–11.1%−6.5%1.0232.4%minus 20.9%
BRIGADEBrigade Enterprises558.15minus 0.89%18,20525.115.69.8%29.2%0.8318.5%minus 26.2%
ANANTRAJAnant Raj445.45minus 4.41%16,03126.524.110.4%27.8%0.1337.9%minus 27.8%
SOBHASobha1,275.40minus 1.28%13,64271.446.77.4%6.5%0.3316.3%minus 20.2%
DSKULKARNIDS Kulkarni Developers40.19plus 1.98%40––11.3%0.0%––plus 190.8%
Median of 7 peers–−0.31%54,50127.124.710.4%27.8%0.3318.5%−20.2%

Quarterly results

Consolidated, ₹ crore
Operating profit (EBITDA)Select a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
−0−00−0.2−0.1
1414.114.113.914
13.514.114.214.415.1
00000
0.50−0.1−0.7−1.2
0.50−0.1−0.7−1.2
0.470.04-0.15-0.73-1.23

Profit & loss

Yearly, ₹ crore
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
––75.5–
––67.2–
−635−8.38.3−0.3
––11.0%–
0−28.80.10.1
––49.956.2
0.40.10.20.1
23128.254.856.1
−405−8.913.1−0.4
−405−8.913.1−0.4
-4.05-8.8813.12-0.36

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
25.8101010
−168−152−138−139
985465519543
101623564512
944947955926
––0.10
0.10.10.10.1
0.621.81.6
943945953924
944947955926

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
390320−4.932.7
74.5−0.5––
−465−3184.7−32.7
0.21.4−0.3−0
390320−4.932.7

Shareholding pattern

Source: NSE filings
95.0%
promoters
  • Promoters95.00%
  • Public5.00%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202695.00%5.00%0.00
30 Jun 202695.00%5.00%0.00
31 Mar 202695.00%5.00%0.00
31 Dec 202595.00%5.00%0.00
30 Sep 202595.00%5.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you