Kusumgar Ltd
Incorporated in 1990, Kusumgar Ltd is
a manufacturer of woven, coated, and
laminated synthetic fabrics known as
engineered fabrics.[1]
- Market Cap ₹ 5,829 Cr.
- Current Price ₹ 556
- High / Low ₹ 660 / 518
- Stock P/E 45.6
- Book Value ₹ 56.4
- Dividend Yield 0.00 %
- ROCE 23.8 %
- ROE 25.9 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.6%
Cons
- Stock is trading at 9.84 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 60.8 to 123 days.
- Working capital days have increased from 5.53 days to 121 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 302 | 468 | 779 | 692 | |
| Sales growth | +55% | +66% | -11% | |
| 234 | 336 | 590 | 504 | |
| Operating Profit | 68 | 132 | 189 | 188 |
| OPM % | 22% | 28% | 24% | 27% |
| 2 | 7 | 11 | 20 | |
| Interest | 5 | 6 | 15 | 26 |
| Depreciation | 15 | 17 | 34 | 47 |
| Profit before tax | 49 | 115 | 151 | 135 |
| Tax % | 24% | 27% | 26% | 27% |
| 37 | 84 | 112 | 98 | |
| EPS in Rs | 3.67 | 8.32 | 11.03 | 9.68 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 38% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 44% |
| Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 10 | 10 | 10 |
| Reserves | 54 | 138 | 248 | 491 | 582 |
| 56 | 119 | 302 | 290 | 323 | |
| 142 | 326 | 72 | 114 | 87 | |
| Total Liabilities | 254 | 585 | 632 | 905 | 1,003 |
| 98 | 186 | 233 | 307 | 315 | |
| CWIP | 0 | 8 | 45 | 26 | 10 |
| Investments | 0 | 12 | 15 | 15 | 15 |
| 156 | 378 | 340 | 557 | 663 | |
| Total Assets | 254 | 585 | 632 | 905 | 1,003 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 18 | 201 | -155 | 28 | |
| -18 | -200 | 2 | -102 | |
| 2 | 21 | 151 | 70 | |
| Net Cash Flow | 2 | 23 | -2 | -4 |
| Free Cash Flow | 0 | 123 | -261 | -42 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 44% | 172% | -59% | 24% |
Ratios
Consolidated / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 67 | 33 | 26 | 123 |
| Inventory Days | 178 | 296 | 139 | 278 |
| Days Payable | 50 | 108 | 48 | 95 |
| Cash Conversion Cycle | 195 | 221 | 117 | 305 |
| Working Capital Days | -40 | -116 | 11 | 121 |
| ROCE % | 65% | 40% | 24% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of unaudited financial results for FY26-27Q2
- Announcement under Regulation 30 (LODR)-Investor Presentation
-
Announcement under Regulation 30 (LODR)-Joint Venture
- Q2 FY26 results approved; non-binding JV term sheet signed with Certoplast for India tape manufacturing.
-
Unaudited Standalone And Consolidated Results For The Quarter And Half-Year Ended September 30, 2026.
- Q2 and H1 FY27 results approved; non-binding JV term sheet with Certoplast for India tape manufacturing.
-
Board Meeting Outcome for Outcome Of Board Meeting
- Q2 FY27 results approved; non-binding JV term sheet with Certoplast for India tape manufacturing.
Concalls
-
Nov 2026PPT
-
Aug 2026Transcript PPT REC
Business Profile:[1]
Kusumgar Ltd is an Indian
manufacturer of engineered
synthetic fabrics specializing
in woven, coated and laminated
technical textiles. The company
develops high-performance fabrics
using polyamide (Nylon 6 & 66),
polyester filaments and polyurethane
chemistry for applications requiring
strength, durability, abrasion resistance, waterproofing, air permeability and flame resistance.