Kusumgar
KUSUMGAR NSE
Kusumgar
Consumer DiscretionaryNSE: KUSUMGAR BSE: 544821 Textiles & Apparels
Key Fundamentals
MicrocapMarket Cap
₹6,012 Cr
Volatility
Moderate
P/E Ratio
60.7
EBITDA
₹208 Cr
Return on Equity
19.52%
Debt to Equity
0.49
Book Value
₹47.77
52W High
₹659.5
52W Low
₹419
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has delivered good profit growth of 36.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.4%
Weaknesses
2- Debtor days have increased from 59.0 to 117 days.
- Working capital days have increased from 30.2 days to 112 days
Growth Rate
Revenue Growth
-9.92% lower than
3Y
Net Income Growth
-12.32% lower than
3Y
Cash Flow Change
118% higher than
3Y
ROE
-55.07% lower than
3Y
ROCE
-42.27% higher than
3Y
EBITDA Margin (Avg.)
15.48% higher than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 44d agoAI opinion · based on fundamentals
Risk high
Kusumgar Ltd is a small-cap company (market cap ₹6,154 Cr) with a strong historical profit growth CAGR of 37% over 5 years and a 3-year ROE of 32%, but is currently experiencing a TTM sales decline of -16% and profit decline of -19%, alongside a sharp deterioration in working capital efficiency.
Bull Case 7
- Strong 5-year compounded profit growth of 37% CAGR demonstrates sustained earnings expansion over a meaningful period
- 3-year ROE of 32% indicates efficient capital utilization and strong profitability relative to equity deployed
- 5-year ROE of 30% shows consistency in return generation over a longer horizon, not just a one-off spike
- 5-year compounded sales CAGR of 29% reflects robust top-line expansion over a medium-term period
- 3-year compounded sales growth of 29% aligns with the 5-year figure, suggesting sustained demand for the company's products
- 3-year compounded profit growth of 34% exceeds sales growth of 29%, indicating margin expansion during this period
- Company delivered 36.7% profit CAGR over 5 years which significantly outpaces broader market earnings growth
Bear Case 8
- TTM sales have declined -16%, signaling a meaningful demand slowdown or loss of revenue momentum in the most recent period
- TTM profit has declined -19%, worse than the sales decline, suggesting margin compression alongside top-line weakness
- Debtor days have increased sharply from 58.5 to 117 days, indicating slower collections and potential credit risk from customers
- Working capital days surged from 1.64 to 112 days, a dramatic deterioration that ties up significantly more capital in operations
- PE ratio of 61.1x is elevated, leaving limited margin of safety if recent earnings decline continues
- Last year ROE dropped to 19% from the 3-year average of 32%, a 13 percentage point decline indicating worsening profitability
- Zero dividend yield suggests no direct cash return to shareholders despite historical profitability
- Price-to-book ratio of 11.95x is high, implying the stock is priced at a substantial premium to its book value
This is AI-generated analysis, not financial advice. Do your own due diligence.
Quarterly Results
| Particulars | Jun 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Sales | 125 | 307 | 242 |
| Expenses | 106 | 199 | 168 |
| Operating Profit | 19 | 109 | 74 |
| OPM % | 15% | 35% | 30% |
| Other Income | 4 | 13 | 2 |
| Interest | 7 | 5 | 6 |
| Depreciation | 11 | 11 | 13 |
| PBT | 6 | 106 | 57 |
| Tax % | 25% | 27% | 26% |
| Net Profit | 4 | 78 | 42 |
| EPS in Rs | 0.42 | 7.65 | 3.99 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 192 | 221 | 313 | 474 | 806 | 676 |
| Expenses | 157 | 181 | 247 | 348 | 622 | 506 |
| Operating Profit | 36 | 40 | 66 | 126 | 183 | 170 |
| OPM % | 19% | 18% | 21% | 27% | 23% | 25% |
| Other Income | 2 | 3 | 2 | 7 | 11 | 21 |
| Interest | 4 | 3 | 5 | 6 | 15 | 26 |
| Depreciation | 10 | 10 | 15 | 16 | 33 | 46 |
| PBT | 25 | 30 | 48 | 110 | 146 | 119 |
| Tax % | 26% | 26% | 24% | 26% | 26% | 26% |
| Net Profit | 18 | 22 | 37 | 81 | 109 | 88 |
| EPS in Rs | 922 | 1,129 | 1,839 | 4,077 | 10.73 | 8.68 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 10 | 10 |
| Reserves | 104 | 127 | 161 | 242 | 349 | 581 |
| Borrowings | 27 | 32 | 55 | 118 | 301 | 290 |
| Other Liabilities | 27 | 35 | 27 | 212 | 71 | 112 |
| Total Liabilities | 160 | 196 | 245 | 573 | 731 | 993 |
| Fixed Assets | 67 | 77 | 93 | 181 | 229 | 304 |
| CWIP | 0 | 1 | 0 | 8 | 45 | 26 |
| Investments | 7 | 0 | 0 | 12 | 127 | 128 |
| Other Assets | 87 | 118 | 152 | 372 | 330 | 536 |
| Total Assets | 160 | 196 | 245 | 573 | 731 | 993 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | 30 | 14 | 17 | 199 | -47 | 36 |
| Investing | -22 | -24 | -18 | -200 | -111 | -112 |
| Financing | -7 | 10 | 3 | 22 | 151 | 71 |
| Net Cash Flow | 0 | 0 | 2 | 22 | -6 | -6 |
| Free Cash Flow | 14 | -10 | -1 | 122 | -154 | -34 |
| CFO/OP | 104 | 55 | 44 | 177 | -3 | 31 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 67 | 86 | 69 | 35 | 25 | 117 |
| Inventory Days | 137 | 155 | 143 | 267 | 122 | 257 |
| Days Payable | 53 | 64 | 41 | 101 | 44 | 97 |
| Cash Conversion Cycle | 150 | 177 | 171 | 200 | 104 | 278 |
| Working Capital Days | 85 | 108 | 93 | -30 | 9 | 112 |
| ROCE % | — | 23% | 28% | 40% | 32% | 19% |
Documents
Frequently Asked Questions about Kusumgar
What does Kusumgar Ltd do?
Incorporated in 1990, Kusumgar Ltd is
a manufacturer of woven, coated, and
laminated synthetic fabrics known as
engineered fabrics.[1]
Where is Kusumgar Ltd (KUSUMGAR) listed?
Kusumgar Ltd trades as KUSUMGAR on the NSE and under code 544821 on the BSE.
Which sector does Kusumgar Ltd belong to?
Kusumgar Ltd is classified under the Consumer Discretionary sector, in the Textiles & Apparels industry.
What is the market capitalisation of Kusumgar Ltd?
Kusumgar Ltd has a market capitalisation of ₹6,012 Cr, which places it in the Mid Cap band.
What is the PE ratio of Kusumgar Ltd?
Kusumgar Ltd trades at a PE ratio of 60.70, against a book value of ₹47.77 per share.
What is the 52-week high and low of Kusumgar Ltd?
Over the last 52 weeks Kusumgar Ltd has traded between ₹419 and ₹659.5.
What is the Return on Equity (ROE) of Kusumgar Ltd?
Kusumgar Ltd reported a return on equity of 19.52%. Its debt-to-equity ratio is 0.49.
Company Information
Incorporated in 1990, Kusumgar Ltd is a manufacturer of woven, coated, and laminated synthetic fabrics known as engineered fabrics.[1]
Listed 2026-07-15
Face Value ₹ 1
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