Friday 6 November 2026
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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%
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Analyst price targets
Free accountTen 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
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% |