Incorporated in 1990, Kusumgar Ltd is a manufacturer of woven, coated, and laminated synthetic fabrics known as engineered fabrics. Its products are based mainly on polyamide and polyester filaments, using polyurethane chemistry.
As of March 31, 2026, it has developed over 1,000 unique fabric types (SKUs), building a strong position in the synthetic functional and performance fabric space. Its products serve a wide range of industries, including aerospace and defence, industrial and automotive, and outdoor and lifestyle segments.
In recent years, the company has also expanded into finished products for aerospace and military use, such as parachute systems, stealth materials, and rapid deployment systems.
Business segments:
As of March 31, 2026, it has a total workforce of 2077 employees.
Competitive Strengths
Kusumgar Ltd.’s revenue decreased by 10% and profit after tax (PAT) dropped by 12% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 905.07 | 632.40 | 584.74 |
| Total Income | 711.78 | 790.21 | 474.55 |
| Profit After Tax | 98.20 | 111.99 | 84.40 |
| EBITDA | 187.85 | 188.39 | 131.85 |
| NET Worth | 502.95 | 257.75 | 140.36 |
| Reserves and Surplus | 491.05 | 247.60 | 138.37 |
| Total Borrowing | 223.58 | 246.50 | 76.53 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Carry out the Offer for Sale of [●] Equity Shares of face value of Rs 1 each, aggregating up to Rs 6,500 million by the Promoter Selling Shareholders | |
| 2 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 25.82% |
| ROCE | 24.76% |
| Debt/Equity | 0.44 |
| RoNW | 25.82% |
| PAT Margin | 13.80% |
| EBITDA Margin | 27.15% |
| Price to Book Value | 8.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.35 | 9.35 |
| P/E (x) | 44.8 | 44.8 |
| IPO Date | 8 to 10 Jul, 2026 |
| Listing Date | Wed, Jul 15, 2026T |
| Face Value | ₹1 per share |
| Price Band | ₹398 to ₹419 |
| Lot Size | 35 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹39.00 |
| Total Issue Size | 1,55,13,126 shares (agg. up to ₹650 Cr) |
| Offer for Sale | 1,55,13,126 shares of ₹1 (agg. up to ₹650 Cr) |
| Share Holding Pre Issue | 10,49,91,372 shares |
| Share Holding Post Issue | 10,49,91,372 shares |
Yogesh Kantilal Kusumgar, Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, Siddharth Yogesh Kusumgar (HUF)
| Share Holding Pre Issue | 90.48% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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