Kusumgar (KUSUMGAR) had a P/E of 43.2× on 6 Nov 2026, above the industry P/E of 17.1×, and the shares are 16% below their 52-week high. Sales and net profit grew 32% and 38% a year over 3 years; its ROCE of 24% is the highest among the 7 largest Textile Manufacturing peers. Debt is 0.57× equity. It is a small-cap company with a market cap of ₹5,800 Cr, ranked 8th of 246 Textile Manufacturing companies by market cap; the shares fell 1.7% over the past year.
- ₹570.00
- ₹577.90
- ₹548.00
- ₹592.30
- 2.3 L
Health check
- ReturnsBehind
−1.7% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 43.2 vs industry 17.1.
- GrowthStrong
Sales +31.7%, profit +38.2% a year over 3 years.
- ProfitabilityStrong
ROCE 24.5% vs peer median 10.7%.
- Balance sheetFair
Debt 0.57× equity, interest covered 6.6×, Piotroski 5 of 9.
- Red flags1 to check
P/E of 43.2 against an industry P/E of 17.1.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹5,800 Cr
- Small cap
- P/E
- 43.2
- Industry 17.1
- Price to book
- 11.18
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 25.8%
- Peers 10.1%
- ROCE
- 24.5%
- Peers 10.7%
- Debt to equity
- 0.57
- Debt ₹288 Cr
- EPS (TTM)
- ₹12.78
- Face value ₹1
- OPM (TTM)
- 25.4%
- Net margin 16.4%
- Sales growth
- +101.9%
- Latest quarter vs a year ago
- Profit growth
- +541.5%
- Latest quarter vs a year ago
- Price to sales
- 7.10
- EV/EBITDA 26.1
Strengths and risks
Strengths
- Return on equity of 25.8%.
- Return on capital employed of 24.5%.
- Quarterly profit up 541.5% on a year ago.
- Quarterly sales up 101.9% on a year ago.
Risks to check
- P/E of 43.2 against an industry P/E of 17.1.
About Kusumgar
Kusumgar Limited manufactures, markets, and supplies a range of technical textile fabrics. It offers fabrics used in aerospace and defence applications, including tactical gear, rucksacks, ponchos, parachute systems, sleeping bags, slides and rafts, etc.; fabrics for wire harness tape systems in automobiles, mechanical rubber goods, and inflatable fabrics, as well as custom fabric solutions; and outdoor and lifestyle fabrics for synthetic performance…
- Headquarters
- Mumbai
- Employees
- 1,051
- Sector
- Consumer Cyclical
- ISIN
- INE0ISX01025
- Website
- kusumgar.com
Price range
- Avg volume (3M)
- 3.4 L
- 1-year return
- minus 1.7%
- From 52-week high
- minus 16.2%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 17.1 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.93% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.90% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.10% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.30% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.23% | minus 3.9% |
| KUSUMGARKusumgar | 552.35 | minus 6.74% | 5,799 | 43.2 | 11.18 | 24.5% | 25.8% | 25.4% | 31.7% | 38.2% | 0.00% | minus 1.7% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.90% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Jun 26 |
|---|---|---|
| 122 | 247 | |
| 99.4 | 172 | |
| 23.1 | 75.4 | |
| 18.9% | 30.5% | |
| 3.9 | 1.4 | |
| 6.9 | 6.2 | |
| 10.7 | 12.7 | |
| 9.3 | 57.8 | |
| 28.6% | 26.3% | |
| 6.6 | 42.6 | |
| 0.63 | 4.06 |
Profit & loss
- Sales CAGR 3Y
- +31.7%
- Profit CAGR 3Y
- +38.2%
- EPS CAGR 3Y
- +38.2%
- ROE
- 25.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 295 | 456 | 770 | 675 | |
| – | +54.3% | +69.0% | minus 12.4% | |
| 227 | 323 | 581 | 485 | |
| 68.6 | 132 | 189 | 189 | |
| 23.2% | 29.0% | 24.6% | 28.1% | |
| 0.1 | 4.3 | 9.6 | 16.5 | |
| 4.2 | 4.1 | 13.1 | 24.2 | |
| 15.4 | 17.1 | 34.2 | 46.7 | |
| 0.1 | −0.3 | −0.8 | 0.1 | |
| 49.3 | 115 | 151 | 135 | |
| 24.5% | 26.7% | 25.7% | 27.2% | |
| 37.2 | 84.4 | 112 | 98.2 | |
| – | +126.8% | +32.7% | minus 12.3% | |
| 3.54 | 8.04 | 10.67 | 9.35 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2 | 2 | 10.1 | 11.9 | |
| 53.6 | 138 | 248 | 491 | |
| 56.2 | 119 | 302 | 288 | |
| 142 | 326 | 72.5 | 114 | |
| 254 | 585 | 632 | 905 | |
| 97.5 | 194 | 278 | 333 | |
| 0.2 | 8.4 | 45.2 | 26.3 | |
| 0 | 16.5 | 17.1 | 30.7 | |
| 11.3 | 143 | 40.4 | 58 | |
| 145 | 222 | 252 | 458 | |
| 254 | 585 | 632 | 905 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.6 | 201 | −155 | 28.3 | |
| −17.6 | −200 | 2.1 | −103 | |
| 2.2 | 21.2 | 151 | 69.7 | |
| 2.2 | 22.6 | −2.2 | −4.7 | |
| −48.8 | −78 | −107 | −70.3 | |
| −31.2 | 123 | −262 | −42 |
Shareholding pattern
- Promoters75.01%
- Public24.99%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 75.01% | 24.99% | 0.00 | |
| 14 Jul 2026 | 75.01% | 24.99% | – |
Major shareholders
Filings & events
News
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