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

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. **Uma Anil Panse** - Additional Director & Independent Director10. **CS Rohit Purandare** - Company Secretary11. **Sahindra Jagannath Bhawale** - Additional Director & Independent Director12. **Shanmukha Someshwara Rao Durvasula** - Additional Director & Independent Director13. **Shashank B Mukherjee** - DirectorThis team brings a mix of executive and independent oversight to the company.

Q: What does D S Kulkarni Dev do?

Overview: D.S. Kulkarni Developers Limited is engaged in real estate development and construction of residential and commercial tenements, operating within the construction - real estate industry and classified as a micro-cap company.History: D.S. Kulkarni Developers Ltd was incorporated in an unspecified year. The company is currently in a loss-making status, with the latest quarterly results reported for June 2026 showing a net profit of -1 Cr.Financial Snapshot: Most recent Net Sales: N/A Most recent Net Profit: -1 Cr (Quarterly Results - Jun 2026) Market-cap value: INR 18 Cr (Micro Cap)Key Metrics: P/E: N/A Industry P/E: 36 Dividend Yield: 0.00% Debt-Equity: -4.20 Return on Equity: 0.28% Price to Book: -0.14Contact Details: Address: 1187/60 DSK HOUSE, J M Road Shivajinagar Pune Maharashtra : 411005 Tel: 91-20-66047100 Email: secretarial@dskdl.com Website: http://www.dskdl.com

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 of -543.14 times, indicating a low ability to service its debt. Additionally, the average Return on Equity is only 3.72%, suggesting low profitability.Recent quarterly results show a concerning trend, with the lowest Profit Before Tax at Rs -15.22 crore and a negative Profit After Tax of Rs -1.23 crore. The Earnings Per Share also reflects this downturn, standing at Rs -1.23. Furthermore, the company has recorded a negative EBITDA of Rs -0.31 crore, and its profits have dramatically decreased by 103% over the past year.Given these factors, including the overall riskiness of the stock compared to its historical valuations, it would be prudent to avoid holding or buying shares in D S Kulkarni Developers Ltd at this time.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

324 (214.56%) Volume

Shareholding (Jun 2026)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

95.00%

Why is D S Kulkarni Developers Ltd falling/rising?

02-Sep-2026

As of 01-Sep, D S Kulkarni Developers Ltd's stock price is rising to 18.67, reflecting a 1.97% increase due to strong performance relative to its sector and increased investor participation. However, the company faces challenges such as a negative book value and high debt to EBITDA, which may impact its long-term prospects.

View full answer

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

01-Sep-2026

The management team of D S Kulkarni Dev includes D S Kulkarni (Chairman & Managing Director), Shirish Kulkarni (Managing Director & CEO), and several independent directors, totaling 13 key members who provide a blend of executive leadership and independent oversight.

View full answer

What does D S Kulkarni Dev do?

01-Sep-2026

D.S. Kulkarni Developers Limited is a micro-cap company focused on real estate development and construction of residential and commercial properties. As of June 2026, it reported a net loss of 1 Cr and has a market capitalization of 18 Cr.

View full answer

Which are the latest news on D S Kulkarni Dev?

01-Sep-2026

D S Kulkarni Developers Ltd Locks at Upper Circuit With 1.95% Gain — Buyers Queue, Sellers Absent
D S Kulkarni Developers Ltd Locks at Upper Circuit With 1.99% Gain — Buyers Queue, Sellers Absent

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

16-Aug-2026

Who are the peers of the D S Kulkarni Dev?

14-Aug-2026

D S Kulkarni Dev's peers include DLF, Oberoi Realty, Arih.Found.Hsg., Shradha Realty, Landmark Prop., Sunstar Realty, Rodium Realty, NTC Industries, and Alpine Housing. Management risk is generally below average for D S Kulkarni Dev and its peers, with Oberoi Realty showing excellent growth and capital structure, while D S Kulkarni Dev has below average growth and capital structure.

View full answer

How big is D S Kulkarni Dev?

14-Aug-2026

Summary could not be generated.

View full answer

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

12-Aug-2026

The next results date for D S Kulkarni Developers Ltd is 14 August 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 Jun 26

Risky - Negative EBITDA

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Construction - Real Estate

Market cap

INR Cr (Micro Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.00

Return on Equity

0.00%

Price to Book

0.00

Revenue and Profits:

Net Sales:

(Quarterly Results - Jun 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 1.97% Gain — Buyers Queue, Sellers Absent

At Rs 18.67, 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 1.97% on 1 Sep 2026, with buyers queuing and no sellers willing to part with shares.

Read full news article

D S Kulkarni Developers Ltd Locks at Upper Circuit With 1.95% Gain — Buyers Queue, Sellers Absent

At Rs 18.31, 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 1.95% on 28 Aug 2026, with buyers queuing and no sellers willing to part with shares.

Read full news article

D S Kulkarni Developers Ltd Locks at Upper Circuit With 1.99% Gain — Buyers Queue, Sellers Absent

At Rs 17.96, 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 1.99% on 27 Aug 2026, with buyers queuing and no sellers willing to part with shares.

Read full news article

Announcements

Completion Of The Transfer Formalities In Relation To The Acquisition Of Equity Shares Of D S Kulkarni Developers Limited (Company) By Ashdan Township Holdings Private Limited

22-Aug-2026 | Source : BSE

Completion of the transfer formalities in relation to the acquisition of equity shares of D S Kulkarni Developers Limited (Company) by Ashdan Township Holdings Private Limited.

Announcement under Regulation 30 (LODR)-Newspaper Publication

20-Aug-2026 | Source : BSE

Newspaper Advertisement for Notice of 35th Annual General Meeting and e-voting details

Notice Of 35Th Annual General Meeting Scheduled To Be Held On Thursday 10Th September 2026 Along With Annual Report For The FY 2025-26

19-Aug-2026 | Source : BSE

Notice of 35th Annual General Meeting scheduled to be held on Thursday 10th September 2026 along with intimation of E-voting and Annual Report for the FY 2025-26.

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)

-4.20

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

NA (Loss Making)

Industry P/E

Price to Book Value

-0.14

EV to EBIT

-560.20

EV to EBITDA

-560.20

EV to Capital Employed

1.36

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

[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Jun'26 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Jun 2026 is 0.00% vs 0.00% in Mar 2026",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Jun 2026 is -68.49% vs -386.67% in Mar 2026",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'26",
        "Mar'26",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-0.09",
          "val2": "-0.18",
          "chgp": "50.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "15.11",
          "val2": "14.41",
          "chgp": "4.86%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-1.23",
          "val2": "-0.73",
          "chgp": "-68.49%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "0.00%",
          "val2": "0.00%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-0.06",
          "val2": "-2.00",
          "chgp": "97.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "27.51",
          "val2": "24.37",
          "chgp": "12.88%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "0.51",
          "val2": "3.09",
          "chgp": "-83.50%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "0.00%",
          "val2": "0.00%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Jun'26",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-0.14",
          "val2": "-2.09",
          "chgp": "93.30%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "41.72",
          "val2": "39.48",
          "chgp": "5.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "0.36",
          "val2": "1.86",
          "chgp": "-80.65%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "0.00%",
          "val2": "0.00%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'26",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2026 is -100.00% vs 0.00% in Mar 2025",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2026 is -102.74% vs 247.75% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.00",
          "val2": "75.50",
          "chgp": "-100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-0.31",
          "val2": "5.50",
          "chgp": "-105.64%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "56.13",
          "val2": "49.87",
          "chgp": "12.55%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-0.36",
          "val2": "13.12",
          "chgp": "-102.74%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "0.00%",
          "val2": "7.28%",
          "chgp": "-7.28%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

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

Jun'26

Mar'26

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.09

-0.18

50.00%

Interest

15.11

14.41

4.86%

Exceptional Items

0.00

Standalone Net Profit

-1.23

-0.73

-68.49%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Jun 2026 is 0.00% vs 0.00% in Mar 2026

Standalone Net Profit

QoQ Growth in quarter ended Jun 2026 is -68.49% vs -386.67% in Mar 2026

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

Jun'26

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.14

-2.09

93.30%

Interest

41.72

39.48

5.67%

Exceptional Items

0.00

Standalone Net Profit

0.36

1.86

-80.65%

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