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Stocks · Consumer discretionary · Leather & Leather Products

Kandal M Venture Ltd

FMFC Clue Score37
CIK 0002024656
$0.12 -9.48% Close, 12 Oct 2026
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Price $0.12 −98.68% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 25 Jun 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2023Revenue13.5Operating income1.0Net income0.7EPS, diluted0.05Fiscal year 2024Revenue14.0 +3.7%Operating income1.5Net income1.1 +50.4%EPS, diluted0.07 +40.0%Fiscal year 2025Revenue17.2 +23.0%Operating income0.4Net income0.2 −81.3%EPS, diluted0.01 −85.7%
FY2023FY2024FY2025
Revenue 13.5 14.0 17.2
Growth +3.7% +23.0%
Operating income 1.0 1.5 0.4
Net income 0.7 1.1 0.2
Growth +50.4% −81.3%
EPS, diluted 0.05 0.07 0.01
Growth +40.0% −85.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2023Gross margin20.9%Operating margin7.3%Net margin5.5%Free cash flow margin16.1%Fiscal year 2024Gross margin24.1%Operating margin10.6%Net margin8.0%Free cash flow margin22.3%Fiscal year 2025Gross margin19.5%Operating margin2.2%Net margin1.2%Free cash flow margin12.3%
FY2023FY2024FY2025
Gross margin 20.9% 24.1% 19.5%
Operating margin 7.3% 10.6% 2.2%
Net margin 5.5% 8.0% 1.2%
Free cash flow margin 16.1% 22.3% 12.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2023Operating cash flow2.2Capital expenditure−0.0Free cash flow2.2Fiscal year 2024Operating cash flow3.1Capital expenditure−0.0Free cash flow3.1 +43.9%Fiscal year 2025Operating cash flow2.1Capital expenditure−0.0Free cash flow2.1 −32.0%
FY2023FY2024FY2025
Operating cash flow 2.2 3.1 2.1
Capital expenditure −0.0 −0.0 −0.0
Free cash flow 2.2 3.1 2.1
Growth +43.9% −32.0%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2023Cash0.4Shareholders’ equity−1.0Fiscal year 2024Cash0.2Total debt11.5Net cash (debt)−11.3Shareholders’ equity0.2Debt to equity68.54Fiscal year 2025Cash0.1Total debt5.1Net cash (debt)−5.0Shareholders’ equity0.4Debt to equity13.46
FY2023FY2024FY2025
Cash 0.4 0.2 0.1
Total debt n/a 11.5 5.1
Net cash (debt) n/a −11.3 −5.0
Shareholders’ equity −1.0 0.2 0.4
Debt to equity n/a 68.54 13.46

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025
Operations
2.2 3.1 2.1
Growth +44.3% −32.0%
n/a 0.1 0.1
Investment
−0.0 −0.0 −0.0
calc 2.2 3.1 2.1
Growth +43.9% −32.0%
calc 0.14 0.19 0.13
−0.0 −0.3 −0.6
Financing
−1.9 −3.0 −1.7

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.