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Kandal M Venture Limited (FMFC)

Nasdaq: FMFC · Leather & Leather Products · Kandal Province, KH · filing with the SEC since 2024
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Grade5.3
◀ Past 6.9● Present 4.1▶ Future 5.3
2 est.
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The grade of Kandal M Venture Limited

Nine metrics read from its own filings, by tense
Headline grade
5.3/10
◀ Past6.930% of the headline
● Present4.140% of the headline
▶ Future5.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.5/10

Has it survived what it has been through?

No warning events in its filings since 2024.

weight 33% of this tense · 75th percentile among 10 sector filers · read for itself

From the record

Kandal M Venture Limited's filings since 2024 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.8/10

What has it actually done, year after year?

+12.9% a year over 3 filed years; profitable in 3 of 3.

weight 45% of this tense · 88th percentile among 10 sector filers · read for its customers

From the record

Kandal M Venture Limited's 3 filed years say what it did: revenue went from $13 million in fiscal 2023 to $17 million in fiscal 2025, up 12.9% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 3 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span12.9%top 15% of its family
  • the share of years revenue rosetop 10% of its family
  • the share of filed years with a profittop 15% of its family
  • the deepest fall from a revenue peak0.0%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.3/10

How has it treated the people who own it?

Share count steady. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 23rd percentile among 10 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2025-03-31, Kandal M Venture Limited's diluted share count held steady, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 35% of its family
  • cash returned against operating cash flowbottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.5/10

Is it financially healthy right now?

ROE 55%: 55¢ of profit per shareholder dollar. Leverage 96%: owes 96¢ per asset dollar.

weight 45% of this tense · 35th percentile among 10 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-03-31, Kandal M Venture Limited earned about 55 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 33 cents per dollar of everything the company owns. Leverage: it owed about 96 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 15% of its family
  • return on equitytop 25% of its family
  • gross profit against assetsbottom 15% of its family
  • the share count against the year beforebottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.9/10

How strong is its position in its industry?

bottom 39% of 10 in its family; net margin 1.2%.

weight 33% of this tense · 39th percentile among 10 sector filers · read for its customers

From the record

Kandal M Venture Limited's standing among 10 graded names in its industry family: revenue of $17 million in fiscal 2025 ranks in the bottom 6% by size; a net margin of 1.2% ranks in the bottom 25%; revenue growth of 12.9% a year over the last 2 filed years ranks in the top 15% (its annual reports).

What it rests on

  • revenue against the family$17.2Mbottom 6% of its family
  • net margin1.2%bottom 25% of its family
  • three-year revenue growth12.9%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.8/10

What are the people in charge doing?

SI estimate 5.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 8 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Kandal M Venture Limited's leadership is put at 5.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.3/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
2.8/10

How much room does it have to grow?

bottom 28% of 10 in its family for room to expand.

weight 45% of this tense · 28th percentile among 10 sector filers · read for itself

From the record

Kandal M Venture Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $103 thousand against debt of $5 million leaves -49.5% of its assets as net cash, bottom 5% of its family; cash from operations less capital spending is 12.3% of revenue (top 25%); a gross margin of 19.5% (bottom 5%) (its annual report).

What it rests on

  • cash less debt against assets-49.5%bottom 5% of its family
  • cash from operations less capital spending against revenue12.3%top 25% of its family
  • gross margin19.5%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
8.7/10

What could actually drive growth from here?

top 13% of 10 in its family for growth drivers.

weight 33% of this tense · 87th percentile among 10 sector filers · read for its customers

From the record

Kandal M Venture Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 12.9% a year over the last three filed years against 12.9% over all 3, speeding up (top 10% of its family); the newest year grew 23% (top 5%); capital spending grew 29.4% a year (top 25%) (its annual reports). Kandal M Venture Limited tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 10% of its family
  • the newest year's revenue growth23.0%top 5% of its family
  • three-year growth of capital spending29.4%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
5.4/10

Did its newest year beat what its own record pointed to?

SI estimate 5.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 9 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 9 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Kandal M Venture Limited's expectations vs reality is put at 5.4 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 9 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FMFC · research, not advice