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

201 (270.85%) 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?

25-Sep-2026

D S Kulkarni Developers Ltd Locks at Upper Circuit With 1.99% Gain — Buyers Queue, Sellers Absent
A 1.98% Single-Day Surge Takes D S Kulkarni Developers Ltd to Its Upper Circuit Limit of Rs 23.16

Why is D S Kulkarni Developers Ltd falling/rising?

06-Sep-2026

As of 05-Sep, the stock price of D S Kulkarni Developers Ltd is at 19.42, unchanged from the previous session. The stock has reversed its upward trend after 20 days of gains, indicating a decline despite outperforming its sector today.

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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.

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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.

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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.

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How big is D S Kulkarni Dev?

14-Aug-2026

Summary could not be generated.

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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.

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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 1.99% Gain — Buyers Queue, Sellers Absent

At Rs 24.09, 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 25 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 1.99% Gain — Buyers Queue, Sellers Absent

At Rs 23.62, 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 24 Sep 2026, with buyers queuing and no sellers willing to part with shares.

Read full news article

A 1.98% Single-Day Surge Takes D S Kulkarni Developers Ltd to Its Upper Circuit Limit of Rs 23.16

At Rs 23.16, 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 1.98% on 21 Sep 2026, with buyers queuing and no sellers willing to part with shares.

Read full news article

Announcements

Submission Of Voting Results Under Regulation 44 Of SEBI (LODR) Regulations 2015 For 35Th Annual General Meeting Held On 10.09.2026

15-Sep-2026 | Source : BSE

Voting Results under Regulation 44 of SEBI (LODR) Regulations 2015 for 35th Annual General Meeting held on 10.09.2026

Shareholder Meeting / Postal Ballot-Scrutinizers Report

15-Sep-2026 | Source : BSE

Consolidated Scrutinizers Report for the 35th Annual General Meeting of the Company

Shareholder Meeting / Postal Ballot-Outcome of AGM

10-Sep-2026 | Source : BSE

Outcome of 35th Annual General Meeting of the Company held today i.e 10th September 2026

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

-0.18

EV to EBIT

-565.15

EV to EBITDA

-565.15

EV to Capital Employed

1.37

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) - 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.