DSKULKARNI Share Price | D S Kulkarni Developers Ltd Stock Analysis & Recommendation

Q: Should I buy, sell or hold D S Kulkarni Developers Ltd?

Based on the current financial situation of D S Kulkarni Developers Ltd, it is advisable to consider a strong sell position. The company is facing significant challenges, including a negative book value and a very high Debt to EBITDA ratio, which indicates a low ability to service its debt. Additionally, the Return on Equity is quite low at 3.72%, reflecting poor profitability.Recent financial results show concerning trends, with the company reporting its lowest PBDIT and PBT figures, along with a negative EBITDA. The drastic decline in profits over the past year further underscores the financial instability of the company. Given these factors, including the high risk associated with its current trading status and the negative performance metrics, holding or buying shares in D S Kulkarni Developers Ltd would not be advisable at this time. Selling would be a more prudent decision to mitigate potential losses.

Q: Who are in the management team of D S Kulkarni Dev?

The management team of D S Kulkarni Dev includes the following key individuals:1. **D S Kulkarni** - Chairman & Managing Director2. **Shirish Kulkarni** - Managing Director & CEO3. **V C Joshi** - Non-Executive Independent Director4. **M K P Setty** - Non-Executive Independent Director5. **K K Taparia** - Non-Executive Independent Director6. **R D Kharosekar** - Non-Executive Independent Director7. **Vijaykumar Jagtap** - Additional Director & Independent Director8. **Madhura Chatrapathy** - Non-Executive Independent Director9. **Shirish Kulkarni** - Executive Director10. **Uma Anil Panse** - Additional Director & Independent Director11. **CS Rohit Purandare** - Company Secretary12. **Sahindra Jagannath Bhawale** - Additional Director & Independent Director13. **Shanmukha Someshwara Rao Durvasula** - Additional Director & Independent Director14. **Shashank B Mukherjee** - DirectorThis team plays a crucial role in guiding the company's strategic direction and operations.

Q: Who are the peers of the D S Kulkarni Dev?

Peers: The peers of D S Kulkarni Dev are DLF, Oberoi Realty, Arih.Found.Hsg., NTC Industries, Alpine Housing, Maruti Infra., Landmark Prop., Rodium Realty, Citadel Realty, and Sunstar Realty.Quality Snapshot: Excellent management risk is observed at Oberoi Realty, while Average management risk is found at DLF, NTC Industries, and Citadel Realty. Below Average management risk is noted at Arih.Found.Hsg., Alpine Housing, Maruti Infra., Landmark Prop., Rodium Realty, Shradha Realty, and the rest. Growth is Excellent at Oberoi Realty and Arih.Found.Hsg., Good at Landmark Prop., and Below Average at DLF, NTC Industries, Alpine Housing, Maruti Infra., Citadel Realty, and the rest. Capital Structure is Excellent at Oberoi Realty, Good at DLF, and Below Average at Arih.Found.Hsg., NTC Industries, Alpine Housing, Maruti Infra., Landmark Prop., Rodium Realty, Citadel Realty, and the rest.Return Snapshot: The peer with the highest 1-year return is Oberoi Realty at -16.00%, while the peer with the lowest is Citadel Realty at -36.83%. D S Kulkarni Dev's 1-year return is not available for comparison. Additionally, peers such as DLF, NTC Industries, Alpine Housing, Maruti Infra., Citadel Realty, and the rest have negative six-month returns.

Mojo Score Change: D S Kulkarni Dev has changed its score on 03 Aug 2026. Click here to unlock latest mojo score!

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.87 k (11,461.73%) Volume

Shareholding (Jun 2026)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

95.00%

Which are the latest news on D S Kulkarni Dev?

04-Aug-2026

When is the next results date for D S Kulkarni Developers Ltd?

Why is D S Kulkarni Developers Ltd falling/rising?

03-Aug-2026

As of 02-Aug, the stock price of D S Kulkarni Developers Ltd is at 13.60, unchanged from the previous day. The stock has declined for eight consecutive weeks, trading below all key moving averages and hitting a new 52-week low, indicating a bearish trend despite some sector outperformance.

View full answer

Should I buy, sell or hold D S Kulkarni Developers Ltd?

03-Aug-2026

Who are in the management team of D S Kulkarni Dev?

11-Jun-2026

The management team of D S Kulkarni Dev includes key individuals such as D S Kulkarni (Chairman & Managing Director), Shirish Kulkarni (Managing Director & CEO), and several independent directors, all of whom guide the company's strategic direction and operations.

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Who are the peers of the D S Kulkarni Dev?

11-Jun-2026

D S Kulkarni Dev's peers include DLF, Oberoi Realty, Arih.Found.Hsg., NTC Industries, and others. Oberoi Realty shows the best management quality and growth, while all peers have negative returns over the past year, with Oberoi Realty at -16.00% and Citadel Realty at -36.83%.

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What does D S Kulkarni Dev do?

10-Jun-2026

D S Kulkarni Developers Ltd is a micro-cap company focused on construction and real estate development, with a recent quarterly net profit of -1 Cr as of March 2026. The company has a market cap in the micro-cap segment and shows no dividend yield or debt.

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When is the next results date for D S Kulkarni Developers Ltd?

20-May-2026

The next results date for D S Kulkarni Developers Ltd is 30 May 2026.

View full answer

Compare D S Kulkarni Dev with Similar Stocks

DLF Oberoi Realty Sunstar Realty

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

With a Negative Book Value, the company has a Weak Long Term Fundamental Strength

Low ability to service debt as the company has a high Debt to EBITDA ratio of -543.14 times
The company has been able to generate a Return on Equity (avg) of 3.72% signifying low profitability per unit of shareholders funds

Flat results in Mar 26

Risky - Negative EBITDA

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Construction - Real Estate

Market cap

INR 9 Cr (Micro Cap)

P/E

1.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-4.20

Return on Equity

0.28%

Price to Book

-0.07

Revenue and Profits:

Net Sales:

(Quarterly Results - Mar 2026)

Net Profit:

-1 Cr

Total Returns

Total Returns (Price + Dividend)

Company does not have enough history

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

D S Kulkarni Developers Ltd Locks at Upper Circuit With 4.98% Gain — Buyers Queue, Sellers Absent

At Rs 9.48, the buying was done — not because demand dried up, but because the exchange wouldn't let the stock go any higher. D S Kulkarni Developers Ltd locked at its upper circuit of 4.98% on 4 Aug 2026, with buyers queuing and no sellers willing to part with shares.

Read full news article

When is the next results date for D S Kulkarni Developers Ltd?

The next results date for D S Kulkarni Developers Ltd is scheduled for 30 May 2026....

Read full news article

Announcements

DS Kulkarni Developers Limited - Updates

18-Nov-2019 | Source : NSE

DS Kulkarni Developers Limited has informed the Exchange regarding Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulation 2015.

DS Kulkarni Developers Limited - Updates

30-Oct-2019 | Source : NSE

DS Kulkarni Developers Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI ( LODR) Regulations 2015'.

News Clarification

18-Feb-2019 | Source : NSE

The Exchange has sought clarification from the Company with respect to news item captioned- " ED attaches properties worth Rs 904 cr of DSK Group". In this regard, you are advised to provide clarification/confirmation on the news item in detail including the following: a) Whether such event stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order. b) The material impact of this article on the Company. c) Whether company are aware of any information that has not been announced to the Exchanges under Regulation 30 of Listing Regulations. If so, you are advised to provide the said information and the reasons for not disclosing the same to the Exchange earlier as required under Regulation 30 of the Listing Regulations. The response from the Company is awaited.

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

D S Kulkarni Developers Ltd has declared 12% dividend, ex-date: 22 Sep 16

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

D S Kulkarni Developers Ltd has announced 1:2 rights issue, ex-date: 13 Mar 06

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

-100.00%

EBIT Growth (5y)

-140.03%

EBIT to Interest (avg)

3.25

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

1.51

Sales to Capital Employed (avg)

0.11

Tax Ratio

Dividend Payout Ratio

Pledged Shares

Institutional Holding

0.00%

ROCE (avg)

3.68%

ROE (avg)

3.72%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

-0.07

EV to EBIT

-551.01

EV to EBITDA

-551.01

EV to Capital Employed

1.33

EV to Sales

PEG Ratio

Dividend Yield

ROCE (Latest)

-0.10%

ROE (Latest)

Negative BV

Technicals key factors

Indicator

Weekly

Monthly

Technical indicator has not been calculated since the stock has been active for a short period

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Jun 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Ashdan Township Holdings Private Limited (95.0%)

Highest Public shareholder

None

Individual Investors Holdings

3.85%

Financial

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Quarterly Results Snapshot (Standalone) - Mar'26 - QoQ

Mar'26

Dec'25

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.18

-0.08

-125.00%

Interest

14.41

14.21

1.41%

Exceptional Items

0.00

Standalone Net Profit

-0.73

-0.15

-386.67%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Mar 2026 is 0.00% vs 0.00% in Dec 2025

Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is -386.67% vs -475.00% in Dec 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.06

-2.00

97.00%

Interest

27.51

24.37

12.88%

Exceptional Items

0.00

Standalone Net Profit

0.51

3.09

-83.50%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Mar'26

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.14

-2.18

93.58%

Interest

41.72

38.78

7.58%

Exceptional Items

0.00

Standalone Net Profit

0.36

2.36

-84.75%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'26

Mar'26

Mar'25

Change(%)

Net Sales

0.00

75.50

-100.00%

Operating Profit (PBDIT) excl Other Income

-0.31

5.50

-105.64%

Interest

56.13

49.87

12.55%

Exceptional Items

0.00

Standalone Net Profit

-0.36

13.12

-102.74%

Operating Profit Margin (Excl OI)

0.00%

7.28%

-7.28%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2026 is -100.00% vs 0.00% in Mar 2025

Standalone Net Profit

YoY Growth in year ended Mar 2026 is -102.74% vs 247.75% in Mar 2025

All Annual Results

Company CV

About D S Kulkarni Developers Ltd

D S Kulkarni Developers Ltd

Micro Cap

Construction - Real Estate

D.S. Kulkarni Developers Limited is engaged in real estate development, and construction of residential and commercial tenements. The company has three segments, namely real estate development, education and contracting. The company has five subsidiary companies. Two subsidiaries are operating in the USA, one of which is a wholly owned subsidiary and other is a step-down subsidiary viz. DSK Developers Corporation and DSK Woods, LLC respectively.

Company Coordinates

Company Details

1187/60 DSK HOUSE, J M Road Shivajinagar Pune Maharashtra : 411005

Tel: 91-20-66047100

http://www.dskdl.com

secretarial@dskdl.com

Registrar Details

Link Intime India Pvt Ltd, C-13 Pannalal Silk Compound, L B S Marg, Bhandup , Mumbai