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Kandal M Venture Ltd (FMFC) stock

FMFCNasdaqLeather & Leather Products
Financials through fiscal 2026, year ended Mar 31, 2026Last filing: 20-F on Jul 30, 2026Score 1/30
$1.87−0.17 (-8.33%)

Close on Nov 11, 2026Market cap $34.22MP/E 187.0Yield –

Kandal M Venture Ltd saw revenue fall 0.3% to $17.13M over fiscal 2026. Operating income fell 14.1% to $322.22K, moving the operating margin from 2.2% to 1.9%. Free cash flow was -$1.92M, down 190.7% from a year earlier. At the latest close the market valued the company at $34.22M, 187.0 times its earnings.

Revenue
$17.13M
-0.3% vs. a year earlier
Operating income
$322.22K
-14.1% vs. a year earlier
Free cash flow
-$1.92M
-190.7% vs. a year earlier
EPS, diluted
$0.01
0.0% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over fiscal 2026, balances at Mar 31, 2026

Valuation

Market cap
$34.22M
P/E ratio
187.0
Price to sales
2.00
Price to book
–
Dividend yield
–
Free cash flow yield
-5.61%

Fundamentals

Revenue
$17.13M
EPS, diluted
$0.01
Free cash flow
-$1.92M

Trading

Previous close
$2.04
Open
$2.15
Day's range
$1.77 – $2.24
Volume
96,661
Average volume (20 days)
164,047
52-week range
$1.77 – $46.80
RSI (14 days)
22.1
Volatility (1 year)
195.0%
Relative volume
0.79×

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodFMFCS&P 500DifferenceFMFC per yearS&P 500 per year
1 month-65.4%-2.4%−63.0 pts
3 months-81.0%-1.2%−79.9 pts
Year to date-82.7%+12.3%−95.0 pts
1 year-91.6%+12.4%−104.1 pts

Five years at a glance

Fiscal years 2022 to 2026, USD

Revenue

$17.13M-0.3% YoY

Gross profit

$3.24M-3.4% YoY

Operating income

$322.22K-14.1% YoY

EPS, diluted

$0.010.0% YoY

Free cash flow

-$1.92M-190.7% YoY
Reported period

Press releases

Releases Kandal M Venture filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Kandal M Venture

Leather & Leather Products

Kandal M Venture Limited is a holding company that operates through its subsidiary, FMF Manufacturing Co., Ltd., specializing in the contract manufacturing of leather goods and fashion accessories. The company primarily produces handbags made from leather, polyvinyl chloride, fabric, and assorted hardware. Its operations cater to fashion conglomerates and brand owners operating within the affordable luxury market, manufacturing items in accordance with proprietary designs and specifications provided by its clients on an order-by-order basis.

Company profile, executives and history

Kandal M Venture stock: common questions

What is Kandal M Venture's stock price?

FMFC closed at $1.87 on Nov 11, 2026, down 8.33% on the day. Over the past 52 weeks it traded between $1.77 and $46.80.

What is Kandal M Venture's market cap?

Kandal M Venture was worth $34.22M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is FMFC's P/E ratio?

FMFC trades at 187.0 times earnings, based on diluted earnings per share of $0.01 over fiscal 2026.

How much revenue does Kandal M Venture make?

Kandal M Venture reported revenue of $17.13M for fiscal 2026, down 0.3% from a year earlier.

Does Kandal M Venture pay a dividend?

No. Kandal M Venture has not paid a cash dividend over the last twelve months.

How has FMFC stock performed over the past year?

Including dividends, FMFC returned -91.6% over the past year, against +12.4% for the S&P 500.

How many FMFC shares are sold short?

0M shares were sold short at the latest FINRA report, 0.06% of the float, or 1.0 days of average trading volume.

Who are Kandal M Venture's competitors?

Companies most similar to Kandal M Venture by business, industry and size include TLF, VRA, CCTG, SMJF, LNKS.

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