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.

5.71 0.24 −4.03%
Market cap
$2.9M
P/E
—
Fwd P/E
—
Dividend yield
—
F-score
4/9
Altman Z
56.91
Beneish M
3.71
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership —

Capital & Financial Ratios $m

Market Cap 2.93
Revenue —
Net Income 1.74
Free Cash Flow (0.02)
Net Debt (3.58)
Current Ratio 2.61 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio —
Fwd P/E —
P/S ratio —
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth (81.40%) (below 0%: weak)
Next Y EPS Growth —
Next Y revenue growth —
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

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%

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.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 0.01
’25 — — — — 0.01
’24 — — — — 0.07
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

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low — — — — — — — — 10.04 4.20

Analyst estimates 2027–2029

Powerpack
High — — — — — — — — 630.00 46.80
People
People Employees — — — — — — — 1,367 1,255 1,264
Revenue/emp, $m — — — — — 0.00 0.00 0.01 0.01 0.01
Income, $m
Income, $m Revenue — — — — — 13 13 14 17 17
Gross margin, % — — — — — 20.88 20.88 24.10 19.53 18.93
EBT — — — — — 1 (2) 1 0 0
EBT margin, % — — — — — 6.35 0.00 9.29 1.33 2.51
Net income — — — — — 0 0 1 0 0
Depreciation — — — — — — 0 0 0 0
Per share, $
Per share, $ Revenue — — — — — 0.00 0.84 0.87 1.07 0.97
Earnings — — — — — — 0.05 0.07 0.01 0.01
Cash flow — — — — — — 0.14 0.20 0.13 (0.11)
Capex — — — — — — 0.00 0.00 0.00 0.00
Free cash flow — — — — — — 0.14 0.19 0.13 (0.11)
Book value — — — — — 0.00 (0.06) 0.01 0.02 0.45
Shares, m — — — — — — 16 16 16 18
Valuation, ×
Valuation, × P/E — — — — — — — — — —
P/S — — — — — — — — — —
P/B — — — — — 0.00 0.00 0.00 0.00 0.00
EV/Sales — — — — — 0.00 0.00 0.00 0.00 0.00
EV/FCF — — — — — 0.54 0.54 0.54 0.54 (79.88)
Cash, $m
Cash, $m Operating cash flow — — — — — — 2 3 2 (2)
Capex — — — — — — 0 0 0 0
Free cash flow — — — — — — 2 3 2 (2)
Balance, $m
Balance, $m Working capital — — — — — (1) 3 4 0 5
Total debt — — — — — 1 1 7 5 —
Net debt — — — — — 0 1 7 5 (4)
Shareholders’ equity — — — — — (1) (1) 0 0 8
Returns, %
Returns, % ROA — — — — — 0.00 25.19 16.99 2.07 2.21
ROIC — — — — — 0.00 0.00 12.71 4.30 4.51
ROE — — — — — 0.00 0.00 (286.17) 76.74 5.59
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026

Charts ten years each

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
WWW Wolverine World Wide, Inc. $1.6B 15.3× 10.3× +6.79% (above 0%: growing) +15.62% (above 0%: growing) +104.37% (above 0%: growing) 46.47% 9.34% Compare
FWDI Forward Industries, Inc. $545.5M — (loss-making) — (loss-making) +332.09% (above 0%: growing) n/m −4,212.31% (below 0%: shrinking) 62.19% (651.82%) Compare
WEYS Weyco Group, Inc. $497.7M 14.2× 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. $406.9M — (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. $349.7M 11.9× — (loss-making) +12.04% (above 0%: growing) +285.42% (above 0%: growing) +275.54% (above 0%: growing) 51.37% 16.63% Compare
DBI Designer Brands Inc. $328.2M 22.1× — (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. $171.7M — (loss-making) — (loss-making) +1.12% (above 0%: growing) n/m +462.76% (above 0%: growing) 59.76% 5.83% Compare
FMFC Kandal M Venture Limited $2.9M — — — — −161.66% (below 0%: shrinking) — —
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
Median of peers $378.3M 14.7× 6.9× +3.96% +163.17% +69.97% 55.57% 6.66%

All 15 Footwear & Accessories stocks →

Kandal M Venture Limited (FMFC) key facts

  • Strength: Net income was $430,400.00, or $0.01 per share (basic), a net margin of 1.38%.
  • Kandal M Venture Limited (FMFC) is a Footwear & Accessories company in the Consumer Cyclical sector, listed on Nasdaq.
  • Kandal M Venture Limited’s revenue for fiscal 2026 (year ended March 2026) was $17.1 million, roughly unchanged from fiscal 2025.
  • As of October 16, 2026, FMFC traded at $5.71, a market capitalization of $2.9 million.
  • Return on equity was 5.59% and debt-to-equity 0.00.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 56.91 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Kandal M Venture Limited (FMFC) Latest News

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stockrow.com/FMFC · Data as of Mar 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com