Kusumgar Ltd.
•₹ 581.951.65%
2026-08-21
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 56.6%
- Company has a healthy return on capital (ROCE) of 49.3%
- Operating margins have improved to 27.1% from 23.2%
- Company comfortably covers its interest (6.2x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.25x)
- Equity base is being diluted - shares outstanding up 410.0%
- Working capital days have increased from 30 to 147 days
- Debtor days have increased from 23 to 76
- Though reporting repeated profits, the company pays out little dividend (0.0%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | PAGEIND | 35400.00 | 0.00 | 39484.71 | 1.55 | 192.81 | -3.98 | 1420.45 | 7.89 | 73.60 | 20.35 |
| 2. | KPRMILL | 1122.45 | 42.05 | 38366.91 | 0.45 | 258.54 | 21.55 | 1935.52 | 14.77 | 20.16 | 19.37 |
| 3. | VTL | 594.75 | 20.30 | 17216.57 | 0.84 | 314.56 | 51.46 | 2703.08 | 13.31 | 11.31 | 18.11 |
| 4. | WELSPUNLIV | 181.25 | 61.68 | 17123.64 | 0.06 | 162.61 | 82.09 | 2795.45 | 23.66 | 15.04 | 11.53 |
| 5. | ARVIND | 518.15 | 34.04 | 14095.79 | 0.87 | 57.77 | 5.61 | 2500.96 | 24.65 | 13.98 | 9.64 |
| 6. | MANYAVAR | 542.75 | 32.73 | 13187.64 | 1.43 | 66.90 | 37.31 | 267.95 | 22.74 | 33.92 | 45.53 |
| 7. | PGIL | 2410.95 | 35.88 | 11136.31 | 0.60 | 99.23 | 51.37 | 1528.26 | 24.46 | 22.42 | 10.72 |
| 8. | SWANCORP | 302.25 | 42.38 | 9474.23 | 0.05 | -35.99 | -233.33 | 1013.75 | -16.44 | 4.50 | -0.38 |
| 9. | ICIL | 444.15 | 58.30 | 8796.58 | 0.34 | 63.22 | 67.28 | 1206.96 | 25.89 | 8.73 | 11.88 |
| 10. | GARFIBRES | 759.85 | 35.32 | 7419.81 | 1.18 | 64.60 | 21.56 | 482.37 | 31.35 | 20.98 | 18.70 |
| 11. | KUSUMGAR | 565.70 | 60.48 | 5939.36 | 0.00 | 426.47 | — | 2472.47 | — | 26.15 | 30.50 |
| 12. | GOKEX | 797.25 | 56.74 | 5842.06 | 0.00 | 44.30 | 6.81 | 1153.51 | 20.69 | 12.75 | 9.75 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2025 | Jun 2026 | |
|---|---|---|
| 122 | 2,472 | |
| 117 | 1,908 | |
| Operating Profit | — | — |
| OPM % | — | — |
| Other Income | 4 | 14 |
| Interest | 7 | 62 |
| Depreciation | 11 | 127 |
| 9 | 578 | |
| Tax % | 28.65% | 26.28% |
| Net Profit | 7 | 426 |
| 0 | 4 | |
| Equity Capital | 10 | 105 |
| Reserves | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% |
| Equity Capital | 10 | 105 |
| Reserves | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% |
Jun 2025
- 122
- 117
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 7
- Depreciation
- 11
- 9
- Tax %
- 28.65%
- Net Profit
- 7
- 0
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 10
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,472
- 1,908
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 62
- Depreciation
- 127
- 578
- Tax %
- 26.28%
- Net Profit
- 426
- 4
- Equity Capital
- 105
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 105
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 302 | 468 | 779 | 692 | |
| 234 | 336 | 591 | 504 | |
| Operating Profit | 70 | 138 | 200 | 208 |
| OPM % | 23 | 30 | 26 | 30 |
| Other Income | 2 | 7 | 11 | 20 |
| Interest | 5 | 6 | 15 | 26 |
| Depreciation | 15 | 17 | 34 | 47 |
| 49 | 115 | 151 | 135 | |
| Tax % | 24 | 27 | 26 | 27 |
| Net Profit | 37 | 84 | 112 | 98 |
| EPS | 1,870 | 4,241 | 11 | 10 |
| Dividend Payout % | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 8 | 11 | 10 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 8 | 11 | 10 |
Mar 2023
- 302
- 234
- Operating Profit
- 70
- OPM %
- 23
- Other Income
- 2
- Interest
- 5
- Depreciation
- 15
- 49
- Tax %
- 24
- Net Profit
- 37
- EPS
- 1,870
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2024
- 468
- 336
- Operating Profit
- 138
- OPM %
- 30
- Other Income
- 7
- Interest
- 6
- Depreciation
- 17
- 115
- Tax %
- 27
- Net Profit
- 84
- EPS
- 4,241
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2025
- 779
- 591
- Operating Profit
- 200
- OPM %
- 26
- Other Income
- 11
- Interest
- 15
- Depreciation
- 34
- 151
- Tax %
- 26
- Net Profit
- 112
- EPS
- 11
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2026
- 692
- 504
- Operating Profit
- 208
- OPM %
- 30
- Other Income
- 20
- Interest
- 26
- Depreciation
- 47
- 135
- Tax %
- 27
- Net Profit
- 98
- EPS
- 10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 32%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 38%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 57%
- Last Year:
- 27%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| LIABILITIES | - | - | - | - |
| 2 | 2 | 10 | 10 | |
| 54 | 138 | 244 | 467 | |
| 19 | 28 | 154 | 103 | |
| Trade Payables | 19 | 52 | 47 | 67 |
| 161 | 390 | 177 | 278 | |
| Total Liabilities | 254 | 611 | 632 | 925 |
| ASSETS | - | - | - | - |
| 98 | 186 | 233 | 307 | |
| Capital Work in Progress | 0 | 8 | 45 | 26 |
| 0 | 12 | 15 | 15 | |
| 68 | 144 | 137 | 195 | |
| 55 | 42 | 56 | 233 | |
| Cash & Bank | 11 | 143 | 41 | 48 |
| 22 | 75 | 105 | 100 | |
| Total Assets | 254 | 611 | 632 | 925 |
| Total Debt | 48 | 77 | 247 | 224 |
| Net Working Capital | -21 | -5 | 65 | 278 |
| Contingent Liabilities | 9 | 12 | 5 | 109 |
| Book Value per Share | 2794.67 | 7053.22 | 25.06 | 47.03 |
| Face Value | 100.00 | 100.00 | 1.00 | 1.00 |
| Total Debt | 48 | 77 | 247 | 224 |
| Net Working Capital | -21 | -5 | 65 | 278 |
| Contingent Liabilities | 9 | 12 | 5 | 109 |
| Book Value per Share | 2794.67 | 7053.22 | 25.06 | 47.03 |
| Face Value | 100.00 | 100.00 | 1.00 | 1.00 |
Mar 2023
- 2
- 54
- 19
- Trade Payables
- 19
- 161
- Total Liabilities
- 254
- 98
- Capital Work in Progress
- 0
- 0
- 68
- 55
- Cash & Bank
- 11
- 22
- Total Assets
- 254
- Total Debt
- 48
- Net Working Capital
- -21
- Contingent Liabilities
- 9
- Book Value per Share
- 2794.67
- Face Value
- 100.00
- Total Debt
- 48
- Net Working Capital
- -21
- Contingent Liabilities
- 9
- Book Value per Share
- 2794.67
- Face Value
- 100.00
Mar 2024
- 2
- 138
- 28
- Trade Payables
- 52
- 390
- Total Liabilities
- 611
- 186
- Capital Work in Progress
- 8
- 12
- 144
- 42
- Cash & Bank
- 143
- 75
- Total Assets
- 611
- Total Debt
- 77
- Net Working Capital
- -5
- Contingent Liabilities
- 12
- Book Value per Share
- 7053.22
- Face Value
- 100.00
- Total Debt
- 77
- Net Working Capital
- -5
- Contingent Liabilities
- 12
- Book Value per Share
- 7053.22
- Face Value
- 100.00
Mar 2025
- 10
- 244
- 154
- Trade Payables
- 47
- 177
- Total Liabilities
- 632
- 233
- Capital Work in Progress
- 45
- 15
- 137
- 56
- Cash & Bank
- 41
- 105
- Total Assets
- 632
- Total Debt
- 247
- Net Working Capital
- 65
- Contingent Liabilities
- 5
- Book Value per Share
- 25.06
- Face Value
- 1.00
- Total Debt
- 247
- Net Working Capital
- 65
- Contingent Liabilities
- 5
- Book Value per Share
- 25.06
- Face Value
- 1.00
Mar 2026
- 10
- 467
- 103
- Trade Payables
- 67
- 278
- Total Liabilities
- 925
- 307
- Capital Work in Progress
- 26
- 15
- 195
- 233
- Cash & Bank
- 48
- 100
- Total Assets
- 925
- Total Debt
- 224
- Net Working Capital
- 278
- Contingent Liabilities
- 109
- Book Value per Share
- 47.03
- Face Value
- 1.00
- Total Debt
- 224
- Net Working Capital
- 278
- Contingent Liabilities
- 109
- Book Value per Share
- 47.03
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 18 | 201 | -155 | 28 | |
| Cash from Investing | -18 | -200 | 2 | -103 |
| Cash from Financing | 2 | 21 | 151 | 70 |
| 2 | 23 | -2 | -5 | |
| Free Cash Flow | 18 | 91 | -272 | -72 |
| OCF / Net Profit | 0.47 | 2.38 | -1.38 | 0.29 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
| OCF / Net Profit | 0.47 | 2.38 | -1.38 | 0.29 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 |
Mar 2023
- 18
- Cash from Investing
- -18
- Cash from Financing
- 2
- 2
- Free Cash Flow
- 18
- OCF / Net Profit
- 0.47
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.47
- Cumulative 5-Year FCF
- 0
Mar 2024
- 201
- Cash from Investing
- -200
- Cash from Financing
- 21
- 23
- Free Cash Flow
- 91
- OCF / Net Profit
- 2.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.38
- Cumulative 5-Year FCF
- 0
Mar 2025
- -155
- Cash from Investing
- 2
- Cash from Financing
- 151
- -2
- Free Cash Flow
- -272
- OCF / Net Profit
- -1.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.38
- Cumulative 5-Year FCF
- 0
Mar 2026
- 28
- Cash from Investing
- -103
- Cash from Financing
- 70
- -5
- Free Cash Flow
- -72
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- 0
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| PER SHARE | - | - | - | - |
| EPS (₹) | 1870.20 | 4241.01 | 11.03 | 9.68 |
| Book Value (₹) | 2794.67 | 7053.22 | 25.06 | 47.03 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 5.16 | 9.96 | 14.40 | 14.28 |
| PROFITABILITY | - | - | - | - |
| Operating Margin % | 23.18% | 28.18% | 24.18% | 27.15% |
| Net Margin % | 12.34% | 18.04% | 14.38% | 14.19% |
| ROE % | 66.92% | 86.13% | 56.75% | 26.84% |
| ROCE % | 52.91% | 75.87% | 45.88% | 26.15% |
| 14.66% | 19.52% | 18.02% | 12.61% | |
| EFFICIENCY | - | - | - | - |
| Debtor Days | 67 | 38 | 23 | 76 |
| Inventory Days | 82 | 82 | 66 | 87 |
| Payable Days | 50 | 74 | 50 | 81 |
| 99 | 47 | 38 | 83 | |
| FINANCIAL HEALTH | - | - | - | - |
| Debt to Equity (x) | 0.85x | 0.55x | 0.97x | 0.47x |
| Interest Coverage (x) | 10.34x | 19.20x | 11.31x | 6.20x |
| 0.87x | 0.99x | 1.26x | 2.01x | |
| GROWTH | - | - | - | - |
| Revenue Growth % | 0.00% | 55.12% | 66.49% | -11.17% |
| Operating Profit Growth % | 0.00% | 98.04% | 44.13% | 4.02% |
| Net Profit Growth % | 0.00% | 126.77% | 32.69% | -12.31% |
| 0.00% | 126.77% | -99.74% | -12.31% | |
| VALUATION | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | -0.47x | 1.08x | 0.90x |
Mar 2023
- EPS (₹)
- 1870.20
- Book Value (₹)
- 2794.67
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.16
- Operating Margin %
- 23.18%
- Net Margin %
- 12.34%
- ROE %
- 66.92%
- ROCE %
- 52.91%
- 14.66%
- Debtor Days
- 67
- Inventory Days
- 82
- Payable Days
- 50
- 99
- Debt to Equity (x)
- 0.85x
- Interest Coverage (x)
- 10.34x
- 0.87x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 4241.01
- Book Value (₹)
- 7053.22
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.96
- Operating Margin %
- 28.18%
- Net Margin %
- 18.04%
- ROE %
- 86.13%
- ROCE %
- 75.87%
- 19.52%
- Debtor Days
- 38
- Inventory Days
- 82
- Payable Days
- 74
- 47
- Debt to Equity (x)
- 0.55x
- Interest Coverage (x)
- 19.20x
- 0.99x
- Revenue Growth %
- 55.12%
- Operating Profit Growth %
- 98.04%
- Net Profit Growth %
- 126.77%
- 126.77%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- -0.47x
Mar 2025
- EPS (₹)
- 11.03
- Book Value (₹)
- 25.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 14.40
- Operating Margin %
- 24.18%
- Net Margin %
- 14.38%
- ROE %
- 56.75%
- ROCE %
- 45.88%
- 18.02%
- Debtor Days
- 23
- Inventory Days
- 66
- Payable Days
- 50
- 38
- Debt to Equity (x)
- 0.97x
- Interest Coverage (x)
- 11.31x
- 1.26x
- Revenue Growth %
- 66.49%
- Operating Profit Growth %
- 44.13%
- Net Profit Growth %
- 32.69%
- -99.74%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 1.08x
Mar 2026
- EPS (₹)
- 9.68
- Book Value (₹)
- 47.03
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 14.28
- Operating Margin %
- 27.15%
- Net Margin %
- 14.19%
- ROE %
- 26.84%
- ROCE %
- 26.15%
- 12.61%
- Debtor Days
- 76
- Inventory Days
- 87
- Payable Days
- 81
- 83
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- 6.20x
- 2.01x
- Revenue Growth %
- -11.17%
- Operating Profit Growth %
- 4.02%
- Net Profit Growth %
- -12.31%
- -12.31%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.90x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-19 - Kusumgar Limited has informed the Exchange about Copy of Newspaper Publication of Postal Ballot Notice
- Shareholders meeting
2026-08-18 - Kusumgar Limited has informed the Exchange regarding Notice of Postal Ballot
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026