Kandal M Venture Limited

FMFC Consumer Cyclical Footwear & Accessories

Kandal M Venture Limited’s revenue for fiscal 2026 (year ended March 2026) was $17.1 million, roughly unchanged from fiscal 2025.

2.99 0.67 −18.31%
Market cap
$1.5M
P/E
—
Fwd P/E
—
Dividend yield
—
F-score
4/9
Altman Z
3.92
Beneish M
3.71
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership —

Capital & Financial Ratios $m

Size
Market Cap 1.46
Revenue ttm —
Net income ttm 1.74
Free cash flow ttm (0.02)
Net debt Q (3.58)
Valuation
P/E —
Forward P/E —
Price / sales —
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.00
Financial health
Current ratio Q 2.61 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q —
Operating income growth Q —
EPS, this year −81.40% (below 0%: weak)
EPS, next year A —
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 0 0 0 4
Receivables 1 3 3 2
Inventory 3 2 2 3
Other — — — —
5 9 9 8
2023 2024 2025 2026
Payables 3 2 4 3
ST’ Debt 0 3 5 —
Other — — — —
6 5 10 3

Compound Annual Growth %

10y 5y 3y
Sales — — 8.33%
Cash Flow — — 0.00%
Earnings — (20.56%) (40.52%)
Book Value — — 0.00%

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 0.40
’25 — — — — 0.40
’24 — — — — 2.80
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 17
’25 — — — — 17
’24 — — — — 14
’23 — — — — 13
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — (2)
’25 — — — — 2
’24 — — — — 3
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 (2) — (2) — (2)
’25 2 — 2 — 2
’24 3 — — — 3
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue — — — — — 13 13 14 17 17 +6.2% — — — —
Gross margin, % — — — — — 20.88 20.88 24.10 19.53 18.93 (2.0) pt
EBT — — — — — 1 (2) 1 0 0 (15.8%)
EBT margin, % — — — — — 6.35 0.00 9.29 1.33 2.51 (3.8) pt
Net income — — — — — 0 0 1 0 0 n/m
Per share, $
Per share, $ Revenue — — — — — 0.00 33.68 34.93 42.97 38.63 n/m
Earnings — — — — — — 1.86 2.80 0.40 0.40 (40.1%)
Cash flow — — — — — — 5.44 7.85 5.34 (4.25) n/m
Capex — — — — — — (0.02) (0.06) (0.04) (0.08) +48.3%
Free cash flow — — — — — — 5.41 7.79 5.29 (4.33) n/m
Book value — — — — — 0.00 (2.38) 0.42 0.95 18.15 n/m
Shares, m — — — — — — 0 0 0 0 +3.5%
Valuation, ×
Valuation, × P/E — — — — — — — — — — —
P/S — — — — — — — — — — —
P/B — — — — — 0.00 0.00 0.00 0.00 0.00 0.0
EV/Sales — — — — — 0.00 0.00 0.00 0.00 0.00 0.0
EV/FCF — — — — — 0.54 0.54 0.54 0.54 (79.88) (15.5)
Cash, $m
Cash, $m Operating cash flow — — — — — — 2 3 2 (2) n/m
Capex — — — — — — 0 0 0 0 +53.5%
Free cash flow — — — — — — 2 3 2 (2) n/m
Balance, $m
Balance, $m Working capital — — — — — (1) 3 4 0 5 n/m
Net debt — — — — — 0 1 7 5 (4) n/m
Shareholders’ equity — — — — — (1) (1) 0 0 8 n/m
Returns, %
Returns, % ROA — — — — — 0.00 25.19 16.99 2.07 2.21 +2.2 pt
ROIC — — — — — 0.00 0.00 12.71 4.30 4.51 +4.5 pt
ROE — — — — — 0.00 0.00 (286.17) 76.74 5.59 +5.6 pt
People
People Employees — — — — — — — 1,367 1,255 1,264 (3.8%)
Revenue/emp, $m — — — — — 0.00 0.00 0.01 0.01 0.01 n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · fundamentals updated 2 Nov 2026

Kandal M Venture Limited vs peers in Footwear & Accessories (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SHOO Steven Madden, Ltd. $2.9B 19.2× 16.4× +19.12% (above 0%: growing) n/m +233.50% (above 0%: growing) 46.50% 5.90% Compare
WWW Wolverine World Wide, Inc. $1.8B 16.8× 12.7× +6.79% (above 0%: growing) +15.62% (above 0%: growing) +104.37% (above 0%: growing) 46.47% 9.34% Compare
WEYS Weyco Group, Inc. $602.4M 16.9× 6.9× +6.86% (above 0%: growing) +487.50% (above 0%: growing) −31.69% (below 0%: shrinking) 70.37% 27.36% Compare
FOSL Fossil Group, Inc. $459.2M — (loss-making) — (loss-making) −4.86% (below 0%: shrinking) n/m −130.01% (below 0%: shrinking) 62.38% 1.53% Compare
RCKY Rocky Brands, Inc. $391.5M 11.3× — (loss-making) +13.28% (above 0%: growing) +78.16% (above 0%: growing) +221.36% (above 0%: growing) 45.02% 13.09% Compare
DBI Designer Brands Inc. $340.0M 23.6× — (loss-making) −1.23% (below 0%: shrinking) +40.91% (above 0%: growing) +385.67% (above 0%: growing) 50.01% 7.49% Compare
VRA Vera Bradley, Inc. $200.3M — (loss-making) — (loss-making) +1.12% (above 0%: growing) n/m +462.76% (above 0%: growing) 59.76% 5.83% Compare
AREB American Rebel Holdings, Inc. $1.6M — (loss-making) 1.3× −30.13% (below 0%: shrinking) n/m +35.57% (above 0%: growing) (7.85%) (238.16%) Compare
FMFC Kandal M Venture Limited $1.5M — — — — −161.66% (below 0%: shrinking) — —
Median of peers $425.3M 16.9× 9.8× +3.96% +59.54% +162.87% 48.26% 6.70%

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Kandal M Venture Limited (FMFC) Latest News

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stockrow.com/FMFC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com