Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Kandal M Venture Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2025
FY2025
Revenue
13.5
14
17.2
Cost of revenue
10.7
10.6
13.8
Gross profit
2.81
3.37
3.36
Selling, general and administrative
0.23
0.24
0.3
Operating income
0.99
1.48
0.37
Pre-tax income
0.86
1.3
0.23
Income tax
0.11
0.18
0.02
Net income
0.74
1.12
0.21
EBITDA
1.6
0.49
EPS, basic
0.05
0.07
0.01
EPS, diluted
0.05
0.07
0.01
Balance sheet
FY2023
FY2025
FY2025
Cash and equivalents
0.36
0.24
0.1
Receivables
0.95
1.5
Inventory
1.8
1.65
Total current assets
9.27
9.39
Property, plant and equipment
0.69
0.69
0.51
Lease right-of-use assets
0.21
0.14
Total assets
10.2
10.1
Accounts payable
2.47
4.42
Short-term debt
2.82
5.09
Total current liabilities
5.48
9.6
Lease liabilities
0.17
0.09
Total liabilities
10
9.69
Total debt
7.18
5.09
Retained earnings
2.66
2.87
Total equity
-0.95
0.17
0.38
Total liabilities and equity
10.2
10.1
Cash flow statement
FY2023
FY2025
FY2025
Net income
0.74
1.12
0.21
Depreciation and amortization
0.12
0.12
Cash from operations
2.17
3.14
2.13
Capital expenditures
-0.01
-0.02
-0.02
Cash from investing
-0.01
-0.25
-0.58
Cash from financing
-1.92
-3.01
-1.69
Free cash flow
2.16
3.12
2.12
Income taxes paid
0.28
0.12
0.14
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.20 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
19.5%
Gross profit / revenue.
Operating margin
2.2%
Operating income / revenue.
EBITDA margin
2.9%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
1.3%
Pre-tax income / revenue.
Net margin
1.2%
Net income / revenue.
FCF margin
12.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
12.4%
Cash from operations / revenue.
Effective tax rate
8.4%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
2.1%
Net income / average total assets.
SG&A / revenue
1.8%
Selling, general and administrative expense / revenue.
Capex / revenue
0.1%
Capital expenditures / revenue.
D&A / revenue
0.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
23.0%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-0.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Operating income growth, 1y
-74.7%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-69.4%
EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y
-81.3%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-85.7%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-32.0%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-32.0%
Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-1.1%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.98x
Current assets / current liabilities.
Quick ratio
0.17x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.01x
(Cash + short-term investments) / current liabilities.
Debt / assets
50.5%
Total debt / total assets.
Liabilities / assets
96.2%
Total liabilities / total assets.
Net debt
$5.0M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
10.2x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital
-$215.1K
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
1.70x
Revenue / average total assets.
Fixed asset turnover
28.6x
Revenue / average property, plant and equipment.
Inventory turnover
8.02x
Cost of revenue / average inventory.
Days inventory
46 days
365 x average inventory / cost of revenue.
Receivables turnover
14.1x
Revenue / average receivables.
Days sales outstanding
26 days
365 x average receivables / revenue.
Days payables
91 days
365 x average accounts payable / cost of revenue.
Cash conversion cycle
-19 days
Days inventory + days sales outstanding - days payables.
FCF conversion
1,010.0%
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
0.8%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.01
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.01
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$4.2M
Share price x shares outstanding.
Enterprise value
$9.2M
Market cap + total debt - cash - short-term investments.
P/E
19.9x
Market cap / net income. Only when net income is positive.
P/S
0.24x
Market cap / revenue.
P/FCF
1.97x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
1.96x
Market cap / cash from operations, when positive.
EV/Sales
0.53x
Enterprise value / revenue.
EV/EBIT
24.4x
Enterprise value / operating income, when both are positive.
EV/EBITDA
18.7x
Enterprise value / EBITDA, when both are positive.
EV/FCF
4.33x
Enterprise value / free cash flow, when both are positive.
FCF yield
50.7%
Free cash flow / market cap.
Earnings yield
5.0%
Net income / market cap (the inverse of P/E).
What was Kandal M Venture Ltd's revenue in fiscal 2025?
Kandal M Venture Ltd reported revenue of $17.2M for fiscal 2025, 23% higher than the year before.
Was Kandal M Venture Ltd profitable in fiscal 2025?
Yes. Net income was $209.7K, a net margin of 1.2%.
How much free cash flow did Kandal M Venture Ltd generate in fiscal 2025?
Cash from operations of $2.1M minus capital expenditures of $16.7K left free cash flow of $2.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.