D S Kulkarni Developers Ltd Stock/Share Price, Latest BSE/NSE D S Kulkarni Developers Ltd Financial Summary at www.indiainfoline.com

Y/e 31 Mar	Mar-2016	Mar-2015	Mar-2014	Mar-2013
Growth matrix (%)
Revenue growth	110	244	(61)	(64)
Op profit growth	(14)	(14)	29	133
EBIT growth	(15)	(15)	21.30	266
Net profit growth	(56)	(5.40)	12	3,079
Profitability ratios (%)
OPM	13.60	33.30	133	39.80
EBIT margin	13.40	32.90	133	42.40
Net profit margin	3.13	14.90	54.20	18.70
RoCE	2.52	3.33	4.21	3.34
RoNW	0.35	0.81	0.87	0.82
RoA	0.15	0.38	0.43	0.37
Per share ratios ()
EPS	2.29	5.51	5.92	5.27
Dividend per share	1.25	1.25	1	1
Cash EPS	1.27	4.46	5.53	4.89
Book value per share	180	179	177	173
Valuation ratios
P/E	31.60	13.70	9.03	13
P/CEPS	57.10	16.90	9.66	14
P/B	0.40	0.42	0.30	0.40
EV/EBIDTA	28.90	19.10	15.20	16.90
Payout (%)
Dividend payout	59.30	26.20	19.20	21.50
Tax payout	(67)	(58)	(44)	(45)
Liquidity ratios
Debtor days	19	36.90	149	74.90
Inventory days	3,027	5,483	15,964	5,272
Creditor days	(91)	(120)	612	(164)
Leverage ratios
Interest coverage	(3.10)	(3.40)	(3.80)	(3.30)
Net debt / equity	1.55	1.08	1.02	0.86
Net debt / op. profit	25.30	15	12.20	12.90
Cost breakup ()
Material costs	108	255	704	219
Employee costs	(7.50)	(14)	(41)	(14)
Other costs	(187)	(308)	(630)	(265)

Y/e 31 Mar( In .Cr)	Mar-2016	Mar-2015	Mar-2014	Mar-2013
Revenue	210	99.90	29	75
yoy growth (%)	110	244	(61)	(64)
Raw materials	226	255	204	164
As % of sales	108	255	704	219
Employee costs	(16)	(14)	(12)	(10)
As % of sales	7.51	14.10	41.30	13.80
Other costs	(391)	(307)	(183)	(199)
As % of sales	187	308	630	265
Operating profit	28.50	33.30	38.50	29.80
OPM	13.60	33.30	133	39.80
Depreciation	(3.30)	(3.40)	(1.50)	(1.40)
Interest expense	(9)	(9.80)	(10)	(9.50)
Other income	2.91	2.98	1.53	3.38
Profit before tax	19.10	23.10	28.50	22.30
Taxes	(13)	(13)	(13)	(10)
Tax rate	(67)	(58)	(44)	(45)
Minorities and other	--	--	--	--
Adj. profit	6.37	9.81	15.90	12.20
Exceptional items	0.20	5.06	(0.20)	1.79
Net profit	6.57	14.90	15.70	14
yoy growth (%)	(56)	(5.40)	12	3,079
NPM	3.13	14.90	54.20	18.70

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2019	Mar-2016	Mar-2015
Revenue	--	--	203	94.90
yoy growth (%)	--	(100)	114	207
Raw materials	--	--	231	258
As % of sales	--	--	114	272
Employee costs	--	(0.30)	(16)	(14)
As % of sales	--	--	7.76	14.90
Other costs	(0.80)	(0.80)	(377)	(296)
As % of sales	--	--	186	312
Operating profit	(0.80)	(1)	41.70	43.30
OPM	--	--	20.50	45.60
Depreciation	(5.10)	(6)	(3.30)	(3.40)
Interest expense	(27)	(57)	(8.30)	(9.50)
Other income	0.06	6.49	2.88	2.61
Profit before tax	(33)	(58)	33	33
Taxes	--	--	(13)	(13)
Tax rate	--	--	(39)	(40)
Minorities and other	--	--	--	--
Adj. profit	(33)	(58)	20.20	19.70
Exceptional items	--	--	(6.20)	(1.20)
Net profit	(33)	(58)	14	18.50
yoy growth (%)	(43)	(512)	(24)	41.80
NPM	--	--	6.91	19.50

Y/e 31 Mar ( In .Cr)	Mar-2016	Mar-2015	Mar-2014	Mar-2013
Profit before tax	19.10	23.10	28.50	22.30
Depreciation	(3.30)	(3.40)	(1.50)	(1.40)
Tax paid	(13)	(13)	(13)	(10)
Working capital	309	173	106	(106)
Other operating items	--	--	--	--
Operating cashflow	312	179	120	(95)
Capital expenditure	(98)	(143)	1.13	(1.10)
Free cash flow	214	36	121	(96)
Equity raised	822	806	838	840
Investments	0.78	0.83	(0.10)	0.12
Debt financing/disposal	881	689	467	315
Dividends paid	3.23	3.23	2.58	2.58
Other items	--	--	--	--
Net in cash	1,921	1,535	1,429	1,062

Y/e 31 Mar ( In .Cr)	Mar-2016	Mar-2015	Mar-2014	Mar-2013
Equity capital	25.80	25.80	25.80	25.80
Preference capital	--	--	--	--
Reserves	437	437	432	420
Net worth	463	463	458	445
Minority interest
Debt	755	547	509	416
Deferred tax liabilities (net)	0.41	0.62	1.13	1.05
Total liabilities	1,218	1,010	967	863
Fixed assets	49.50	39.20	40.80	40.80
Intangible assets
Investments	0.85	0.95	0.95	1.07
Deferred tax asset (net)	--	--	--	--
Net working capital	1,133	922	885	790
Inventories	1,852	1,627	1,373	1,165
Inventory Days	3,222	5,947	17,273	5,671
Sundry debtors	12.30	9.48	10.70	12.90
Debtor days	21.50	34.60	135	62.70
Other current assets	280	177	92.50	67.30
Sundry creditors	(62)	(28)	(16)	(16)
Creditor days	108	103	196	78.80
Other current liabilities	(948)	(864)	(575)	(439)
Cash	34.60	47.90	40.40	31.30
Total assets	1,218	1,010	967	863