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Kusumgar Ltd (KUSUMGAR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544821 NSE: KUSUMGAR Textile | Small Cap | Kusumgar Share Price

₹576.10 8.05 (1.42%)

As on 22-Jul'26 16:59

Kusumgar Ltd (KUSUMGAR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544821 NSE: KUSUMGAR Textile | Small Cap | Kusumgar Share Price

₹576.10 8.05 (1.42%)

As on 22-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹5,964 Cr.
Current Price
₹576.1
52-Week Low / High
₹555 / 631
TTM EPS
₹8.4
TTM Sales
₹676 Cr.
Book Value per Share
₹54.1
P/E Ratio
67.68
In line with its 5-year historical median
Industry PE
38.5
Price to Book (P/B)
10.51
In line with its 5-year historical median
Price to Sales (P/S)
8.83
In line with its 5-year historical median
EV/EBITDA
32.21
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
19.11%
Return on Capital Employed (ROCE)
20.40%
Return on Assets (ROA)
10.11%
Operating Profit Margin
25.2%
Net Profit Margin
13.04%
Gross Profit Margin
24.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-16.14%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-7.31%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-19.08%
Asset Quality
Promoter Holding
75.01%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹557 Cr.
Equity
₹10.5 Cr.
Face Value
₹1
All Time Low / High
₹555.15 / 631.35

Kusumgar stock performance

Key Ratios
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kusumgar Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 25.6%43.9%34.8%20.4%-
Value Creation
Index
0.92.31.60.5-

Growth Parameters

Sales 313474806676676
Sales YoY Gr.-51.5%69.9%-16.1%-
Adj EPS 3.57.710.47.78.4
YoY Gr.-119.9%34.4%-26.2%-
BVPS (₹) 16243555.954.1
Adj Net
Profit
35.978.910677.988
Cash Flow from Ops. 16.6199-47.435.8-
Debt/CF from Ops. 2.80.4-5.26.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA29.2%-16.1%
Adj EPS NANA29.7%-26.2%
BVPSNANA51.8%59.6%
Share Price - - - -

Key Financial Parameters

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
2238.73516.415.3
Op. Profit
Mgn %
21.126.722.825.2NAN
Net Profit
Mgn %
11.516.613.111.513
Debt to
Equity
0.30.30.70.4-
Working Cap
Days
01431192180
Cash Conv.
Cycle
081551220

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales313474806676
Operating Expenses + 247348622506
Manufacturing Costs4397113107
Material Costs156187393269
Employee Cost 29396386
Other Costs 18265344
Operating Profit 66126183170
Operating Profit Margin (%) 21.1%26.6%22.8%25.2%
Other Income + 271121
Exceptional Items 0000
Interest 561526
Depreciation 15163346
Profit Before Tax 48110147119
Tax 12293831
Profit After Tax 378110988
PAT Margin (%) 11.7%17.1%13.5%13.0%
Adjusted EPS (₹)3.68.010.78.7
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Kusumgar - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 163244355569
Share Capital 221012
Reserves 161242345557
Debt +3863230188
Long Term Debt20357685
Short Term Debt1928154103
Minority Interest0000
Trade Payables17524771
Others Liabilities 2721498185
Total Liabilities 2455737311,013

Fixed Assets

Net Fixed Assets +93181229304
Gross Block105207288407
Accumulated Depreciation122659103
CWIP 084526
Investments 012127128
Inventories61136132190
Trade Receivables594556217
Cash Equivalents 111423641
Others Assets 2149106108
Total Assets 2455737311,013

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 17199-4736
PBT 48110147119
Adjustment 17154370
Changes in Working Capital -3698-194-137
Tax Paid -12-24-42-17
Cash Flow From Investing Activity + -18-200-111-112
Capex -18-66-106-70
Net Investments -0-125-10-26
Others 1-96-16
Cash Flow From Financing Activity + 32215171
Net Proceeds from Shares 0000
Net Proceeds from Borrowing 0000
Interest Paid -4-4-12-24
Dividend Paid 0000
Others 72616494
Net Cash Flow 222-6-6

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)22.4639.8436.3219.11
ROCE (%)25.5643.9334.7820.4
Asset Turnover Ratio1.281.161.240.78
PAT to CFO Conversion(x)0.462.46-0.430.41
Working Capital Days
Receivable Days68.804022.9073.70
Inventory Days71.207660.7086.80
Payable Days4167.804680.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kusumgar Ltd FAQs

The current trading price of Kusumgar on 22-Jul-2026 16:59 is ₹576.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Jul-2026 the market cap of Kusumgar stood at ₹5,964 Cr

The latest P/E ratio of Kusumgar as of 21-Jul-2026 is 67.68.

The latest P/B ratio of Kusumgar as of 21-Jul-2026 is 10.51.

The 52-week high of Kusumgar is ₹631.4 and the 52-week low is ₹555.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kusumgar is ₹676 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Kusumgar Ltd is a below average quality company.

The key valuation ratios of Kusumgar Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kusumgar Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Kusumgar Ltd

Kusumgar was originally incorporated as ‘Kusumgar Finstocks Private Limited’ as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 15, 1990, issued by the Registrar of Companies, Maharashtra at Mumbai.

Kusumgar is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics. It offers engineered fabrics and solutions focusing on polyamides and polyester filaments and polyurethane chemistry that cater to the high-performance requirements of its customers. Its expertise is manufacturing fabrics where critical performance parameters include tensile strength, tear strength, abrasion resistance, comfort, airpermeability, and water proofing, among others. 

The company has leveraged its process knowledge and product development expertise to manufacture unique fabric configurations to build a niche around synthetic functional and performance fabrics, addressing growing demand in the aerospace and defence, industrial and automotive, and outdoor and lifestyle segments. The engineered fabrics industry is an industry that requires precision and a high level of technical know-how. It leverages its technical strengths and partnerships to focus on high-technology applications. Its business model drives profitable growth, and it is poised for continued growth, driven by exports, global supply chain shifts, modernisation and indigenisation of military equipment, expanded product lines and technological innovations. It manufactures products primarily for four market segments: (i) Aerospace and Defence Fabrics; (ii) Aerospace and Defence Solutions; (iii) Industrial and Automotive Fabrics; and (iv) Outdoor and Lifestyle Fabrics, each of which has high entry barriers.

Business area of the company

Kusumgar, along with its Subsidiaries, is primarily engaged in the business of manufacturing, marketing, and supplying a diverse range of technical textile fabrics, offering innovative and high-performance solutions to meet evolving customer requirements.

Awards, accreditations or recognitions

  • 1995: Received the National Award for Indigenisation by the Department of Defence Production, Ministry of Defence for excellence in indigenisation of defence equipment in the category of textile, chemical and rubber technology.
  • 2022: Received a certificate of membership from the Parachute Industry Association.
  • 2023: Received the IATF 16949 certification for its quality management system for manufacturing of woven fabric
  • 2024: Received the Oeko-Tex Standard 100 certification for its woven fabrics made of polyamide and polyester
  • 2024: Received AS9100D and ISO 9001:2015 certification for its quality management system for manufacturing and supply of woven fabric.
  • 2025: Received Global Recycled Standard certification for its greige fabrics and dyed fabrics and the processes carried out for such certified products for its facility at Karanj.
  • 2026: Received ISO 45001:2018 certification for manufacture of woven, dyed, finished, coated and printed fabrics.

History and milestones

  • 2010: Established capabilities at the Vapi facility for manufacturing of technical textiles, parachute fabrics, geo synthetic and textile performance fabrics.
  • 2017: Established a weaving facility at Kosamba.
  • 2017: Entered into a licensing agreement with a defence research and development organisation for the transfer of technology of the recovery parachute system.
  • 2021: Entered into a licensing agreement with a defence institute and a defence research and development organisation for transfer of technology and subsequent utilisation of extreme cold weather clothing system.
  • 2021: Supplied recovery system parachutes with deployment bag to the Indian government.
  • 2022: Received a transfer of technology certificate from a defence institute and a defence research and development organisation for successfully absorbing the technology for manufacturing the combat free fall parachute system.
  • 2025: Entered into a licensing agreement with a defence institute and a defence research and development organisation for the transfer of technology of the military combat parachute system.
  • 2025: Entered into a licensing agreement with a research and development organisation for the transfer of technology of the synthetic multispectral camouflage net.

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