Kusumgar

Founded: 1970 • Age: 56 yrs Listed
Manufacturing of technical textiles for military, aeronautical, and industrial applications.
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About Kusumgar

Kusumgar is a publicly listed company founded in 1970. Manufacturing of technical textiles for military, aeronautical, and industrial applications. It operates in the Industrial Goods & Manufacturing and Aerospace, Defense & Maritime sectors. The company has 646 employees. Its Indian entity Kusumgar Limited reported revenue of ₹712 Cr. Kusumgar offers products and services including Technical Fabrics and Custom Fabrics. Its focus areas include Manufacturing, Textiles, Technical Textiles and Specialized Fabrics.

Company details

Since 1970, technical textiles have been manufactured by Kusumgar for niche applications in military, aeronautical, inflatable, automotive, MRG, outdoor, aerospace, and medical sectors. Capabilities including weaving, finishing, coating, and lamination are expanded to deliver custom solutions with high standards of quality and consistency. Awards such as the Supplier Excellence awards and National Award by the Ministry of Defense have been received, reflecting recognition in the industry. Headquartered in Mumbai, India, with sites in Gujarat, global demands for specialized fabrics are served by the company.

  • Employees 646
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
    Aerospace, Defense & Maritime
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website kusumgar.com
  • Social LinkedIn YouTube
  • Legal Name Kusumgar Ltd.
Operational Areas
Industrial Goods & Manufacturing → Textile & Yarn Production
Aerospace, Defense & Maritime → Aerospace Maritime and Defense Composites
Key Metrics
  • Market Cap
    ₹5,834 Cr

    KUSUMGAR · NSE

  • Share Price
    ₹549.95

    -1.03% today

  • Revenue
    ₹692 Cr

    FY 2025-26 · -11.2% YoY

  • EBITDA
    ₹188 Cr

    Margin 27.1%

  • Net Profit
    ₹98.27 Cr

    FY 2025-26 · -12.4% YoY

  • P/E (TTM)
    35.3x

    P/B 9.8x

  • ROE
    25.9%

    ROCE 23.7%

  • Debt / Equity
    0.78

    Interest cover 18.4x

  • Latest Funding Round
    $11.28M (USD), Unspecified

    Sep 2025

  • Investors
    Motilal Oswal
  • Employee Count
    646

Products & Services of Kusumgar

Kusumgar offers a comprehensive portfolio of products and services, including Technical Fabrics and Custom Fabrics.

Technical Fabrics
Textiles

Specialized fabrics are manufactured for military and industrial uses to meet functional performance requirements

Custom Fabrics
Custom Solutions

Custom made technical textiles are provided to address specific demands in sectors like automotive and aerospace

Apps and channels of Kusumgar

its YouTube channel TheTextileMagazine has 8.55K subscribers and 30 videos.

TheTextileMagazine
YouTube 8.55K subscribers 30 videos Science & Technology
Open channel

Videos from Kusumgar

The most watched videos on Kusumgar's YouTube channel, TheTextileMagazine (8.55K subscribers). Click a video to play it here.

Redefining Home Textiles | Sala Kannan, VTM Limited | Exclusive Interview | Heimtextil 2025
586 views
RANJAN CHAUDHARY, COO, SUTLEJ | Exclusive Interview | Bharat Tex 2025
341 views
SMARTEX AI : Presentation by Gilberto Loureiro, CEO & Co Founder
323 views
SNQS' Strategy for Becoming a Billion-Dollar Company by 2030 at Bharat Tex 2025
312 views

More on TheTextileMagazine.

Funding Insights of Kusumgar

  • Total Rounds 1
  • Last Round Unspecified — $11.28M
  • First Round $11.28M

    (Sep 2025)

  • Investors Count 1

All 1 funding rounds of Kusumgar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Sep 2025$11.28MUnspecified––
Motilal Oswal
Valuation history

1 investors in total: 1 institutional.

Investors in Kusumgar

Kusumgar has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Motilal Oswal.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Motilal Oswal
Online share trading and investment services are provided.
1987motilaloswal.comMumbai, India
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Investor details for Kusumgar

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
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Board of directors of Kusumgar Limited (Kusumgar)

Kusumgar Limited is the primary company behind Kusumgar. The board of Kusumgar Limited currently have 6 directors; the longest-serving is Siddharth Yogesh Kusumgar, appointed in 2000. 11 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Siddharth Yogesh Kusumgar
DIN 01676799
Managing Director01 Aug 200026 yrs 3 moKusumgar Limited
Sapna Siddharth Kusumgar
DIN 06736984
Managing Director25 Apr 20224 yrs 6 moKusumgar Limited
Ankur Kothari
DIN 07694977
CEO01 Feb 20251 yr 9 moKusumgar Limited
Kaushal Jaysingh Sampat
DIN 01932997
Director17 Mar 20251 yr 7 moKusumgar Limited
Deepti Gupta
DIN 08481203
Director17 Mar 20251 yr 7 moKusumgar Limited
Nihar Parikh Ajay
DIN 02475787
Director10 Jun 20251 yr 5 moKusumgar Limited

People of Kusumgar

23 people are tracked at Kusumgar (9 in leadership, 14 in team); the tracked headcount is 646.

NameRoleGroup
Kamran Mazhar
DGM - Production Planning And Control And Dispatch HeadLeadership
Sachin Kshirsagar
Head Of EngineeringLeadership
Vikram Bhushan
Vice President Aerospace & Defense BusinessLeadership
Puneet Singla
Deputy General Manager MarketingLeadership
Ashish Sharma
Vice PresidentLeadership
Ankur Kothari
CEOLeadership
Siddharth Kusumgar
Managing DirectorLeadership
Vinay Prajapati
General Manager ITLeadership
Milind Shukla
Chief Human Resource OfficerLeadership
Ashutosh Tripathi
Marketing ExecutiveTeam
Pramod Giri Goswami
Sr. Manager QA & QCTeam
Mahesh Shukla
Executive IT AX Techno FunctionalTeam
M.D. Arman Ansari
ExecutiveTeam
Bhavin Viradiya
Coating ExecutiveTeam
Manish Dwivedi
Technical - Production & PlanningTeam
Sahir Shaikh
Human Resources ExecutiveTeam
Manish Varma
Senior Executive AccountsTeam
Sudheer Singh
Quality AnalystTeam
Manesh Lad
Deputy ManagerTeam
Divyadeep Maria Mohinder
Business Development ManagerTeam

3 more people are available in the full profile.

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Complete people profiles for Kusumgar

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of Kusumgar

Kusumgar is a publicly listed company on the NSE with ticker symbol KUSUMGAR in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date15 Jul 2026
  • Listed onNSE: KUSUMGAR
  • Listed entityKusumgar Ltd.
  • Exchange sectorProcess industries
  • ISININE0ISX01025
  • Share price₹591.65 (+1.34% on the day) · 2026-10-14
  • Market capitalisation₹6,133 Cr
  • Volume (last session)69,351

Financials of Kusumgar

Exchange-reported figures of Kusumgar Limited, the listed company behind Kusumgar (NSE: KUSUMGAR).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹692 Cr
-11.2% YoY
EBITDA
₹188 Cr
-0.3% YoY
Profit After Tax
₹98.27 Cr
-12.4% YoY
Net Worth
₹503 Cr
+95.1% YoY
Total Assets
₹793 Cr
+41.1% YoY
Total Debt
₹288 Cr
-4.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Income statement
Revenue692779468302
Revenue growth-11.2%+66.5%+55.1%-
EBITDA18818813267.85
EBITDA margin+27.1%+24.2%+28.2%+22.5%
Profit before tax13515111549.27
Net profit98.2711284.2737.11
Net profit margin+14.2%+14.4%+18.0%+12.3%
EPS (₹)9.7211.034,241.011,870.20
Balance sheet
Total assets793562261113
Net worth50325814055.61
Total debt28830211956.17
Cash & bank48.0641.1914311.25
Net working capital42424342.058.91
Cash flow
Cash from operations28.26(155)20117.58
Cash from investing(102)2.04(200)(17.57)
Cash from financing69.7515121.182.18
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue251247313118139122
Revenue growth (YoY)+80.8%+101.9%----
Other income4.111.3713.010.921.963.88
EBITDA67.1575.4211620.2328.8223.11
EBITDA margin+26.8%+30.5%+37.0%+17.1%+20.8%+18.9%
Depreciation13.0312.7411.4313.5610.9710.74
Interest5.416.205.057.166.836.93
Profit before tax52.8257.851120.4312.989.32
Tax12.2215.2030.231.812.062.67
Net profit40.6042.6581.99(1.38)10.926.65
EPS (₹)3.794.097.650.001.050.64
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue676806474313221192
Revenue growth-16.1%+69.9%+51.5%+41.6%+14.9%-
EBITDA17018312666.1440.0835.77
EBITDA margin+25.2%+22.8%+26.6%+21.1%+18.1%+18.6%
Profit before tax11914611048.3830.5024.92
Net profit88.2010981.0236.4822.4718.45
Net profit margin+13.1%+13.5%+17.1%+11.7%+10.2%+9.6%
EPS (₹)8.7310.734,077.591,838.911,128.60921.46
Balance sheet
Total assets883662363219161134
Net worth593359244163129106
Total debt28830111855.3931.6926.78
Cash & bank40.8735.8714211.044.143.96
Net working capital39323415012080.9058.72
Cash flow
Cash from operations35.78(47.38)19916.5613.9930.14
Cash from investing(112)(111)(200)(17.57)(23.97)(22.47)
Cash from financing70.8315122.033.0910.16(7.43)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue240242307121122125
Revenue growth (YoY)+96.3%+93.6%----
Other income4.851.6713.261.232.314.00
Total expenses18216819910497.05106
EBITDA57.8773.6010916.9525.1519.14
EBITDA margin+24.1%+30.4%+35.4%+14.0%+20.6%+15.3%
Depreciation12.8012.5111.2013.3310.7310.51
Interest5.386.175.007.156.826.92
Profit before tax44.5456.59106(2.30)9.915.71
Tax11.3714.7428.180.211.191.45

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue251247313118139122
Revenue growth (YoY)+80.8%+101.9%----
Other income4.111.3713.010.921.963.88
EBITDA67.1575.4211620.2328.8223.11
EBITDA margin+26.8%+30.5%+37.0%+17.1%+20.8%+18.9%
Depreciation13.0312.7411.4313.5610.9710.74
Interest5.416.205.057.166.836.93
Profit before tax52.8257.851120.4312.989.32
Tax12.2215.2030.231.812.062.67
Net profit40.6042.6581.99(1.38)10.926.65
EPS (₹)3.794.097.650.001.050.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Revenue692779468302
Revenue growth-11.2%+66.5%+55.1%-
Other income19.7811.226.642.07
Total expenses504591336234
Employee cost88.1965.5741.4931.51
EBITDA18818813267.85
EBITDA margin+27.1%+24.2%+28.2%+22.5%
Depreciation46.6934.1917.1015.37
Interest25.9814.636.325.28
Profit before tax13515111549.27
Tax36.7638.8030.6712.06
Net profit98.2711284.2737.11
Net profit margin+14.2%+14.4%+18.0%+12.3%
EPS (₹)9.7211.034,241.011,870.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Equity & liabilities
Share capital11.9010.151.991.99
Reserves & surplus49124813853.62
Shareholders' funds (net worth)50325814055.61
Minority interest0.000.000.000.00
Secured loans22424676.5347.50
Unsecured loans64.8855.6942.278.67
Total debt28830211956.17
Total liabilities793562261113
Assets
Gross block412293213111
Net block30723318697.76
Capital work in progress26.2645.198.430.19
Investments15.4214.9712.180.00
Inventories19513714467.76
Sundry debtors23356.1142.2455.34
Cash & bank balances48.0641.1914311.25
Loans & advances57.0277.0633.1013.89
Total current assets533311362148
Total current liabilities10968.20320139
Net working capital42424342.058.91
Total assets793562261113
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Opening cash30.4932.6810.117.92
Net cash from operating activities28.26(155)20117.58
Net cash from investing activities(102)2.04(200)(17.57)
Net cash from financing activities69.7515121.182.18
Net change in cash(3.67)(2.19)22.572.20
Closing cash48.0641.1914311.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23
Growth
Sales growth-11.2%+66.5%+55.1%-
EBITDA growth-0.3%+42.9%+94.3%-
PBT growth-10.5%+31.1%+133.5%+9997.0%
Net income growth-12.4%+33.1%+127.1%-
Revenue CAGR (3Y)+31.9%---
EBITDA CAGR (3Y)+40.4%---
Profitability & leverage
Net income margin+14.2%+14.4%+18.0%+12.3%
Return on capital employed+23.7%+40.2%+65.0%+48.4%
Return on net worth+25.9%+56.3%+86.1%+66.9%
Debt / equity0.781.060.891.01
Long-term debt / equity0.350.490.500.46
Interest cover18.419.495.5110.06
Efficiency & per share
Fixed asset turnover1.963.082.892.71
Inventory turnover4.175.554.434.45
Debtors turnover4.7815.849.595.45
EPS (₹)9.7211.034,241.011,870.20
Dividend per share (₹)0.000.000.000.00
Book value per share (₹)49.6225.407,053.222,794.67
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue240242307121122125
Revenue growth (YoY)+96.3%+93.6%----
Other income4.851.6713.261.232.314.00
Total expenses18216819910497.05106
EBITDA57.8773.6010916.9525.1519.14
EBITDA margin+24.1%+30.4%+35.4%+14.0%+20.6%+15.3%
Depreciation12.8012.5111.2013.3310.7310.51
Interest5.386.175.007.156.826.92
Profit before tax44.5456.59106(2.30)9.915.71
Tax11.3714.7428.180.211.191.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue676806474313221192
Revenue growth-16.1%+69.9%+51.5%+41.6%+14.9%-
Other income20.7910.816.692.133.362.18
Total expenses506622348247181157
Employee cost85.8762.7038.7229.5024.1620.51
EBITDA17018312666.1440.0835.77
EBITDA margin+25.2%+22.8%+26.6%+21.1%+18.1%+18.6%
Depreciation45.7733.1916.4114.709.629.52
Interest25.8914.546.295.193.323.51
Profit before tax11914611048.3830.5024.92
Tax31.0337.6029.1011.808.026.59
Net profit88.2010981.0236.4822.4718.45
Net profit margin+13.1%+13.5%+17.1%+11.7%+10.2%+9.6%
EPS (₹)8.7310.734,077.591,838.911,128.60921.46
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital11.9010.151.991.991.991.99
Reserves & surplus581349242161127104
Shareholders' funds (net worth)593359244163129106
Secured loans22424676.5346.7231.6920.14
Unsecured loans64.4154.7840.978.670.006.64
Total debt28830111855.3931.6926.78
Total liabilities883662363219161134
Assets
Gross block407288207105140120
Net block30422918193.1776.6166.59
Capital work in progress26.2645.198.430.191.000.10
Investments12812712.180.000.006.58
Inventories19013213661.0345.5437.46
Sundry debtors21756.1144.8658.9751.8835.33
Cash & bank balances40.8735.8714211.044.143.96
Loans & advances53.5177.2633.1613.7711.346.47
Total current assets50130135714511383.22
Total current liabilities10866.6620724.5532.0024.50
Net working capital39323415012080.9058.72
Total assets883662363219161134
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash25.2731.719.987.913.963.72
Net cash from operating activities35.78(47.38)19916.5613.9930.14
Net cash from investing activities(112)(111)(200)(17.57)(23.97)(22.47)
Net cash from financing activities70.8315122.033.0910.16(7.43)
Net change in cash(5.53)(6.44)21.732.070.180.24
Closing cash40.8735.8714211.044.143.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth-16.1%+69.9%+51.5%+41.6%+14.9%-
EBITDA growth-7.3%+45.3%+90.9%+65.0%+12.1%-
PBT growth-18.7%+32.9%+127.9%+58.6%+22.4%+9997.0%
Net income growth-18.9%+34.3%+122.1%+62.4%+21.8%-
Revenue CAGR (3Y)+29.2%+53.9%+35.1%---
EBITDA CAGR (3Y)+37.0%+66.0%+52.3%---
Profitability & leverage
Net income margin+13.0%+13.5%+17.1%+11.7%+10.2%+9.5%
Return on capital employed+18.8%+31.4%+40.0%+28.6%+23.7%+23.6%
Return on net worth+18.6%+36.1%+39.8%+25.5%+20.0%+19.9%
Debt / equity0.620.690.420.300.260.31
Long-term debt / equity0.280.320.240.160.160.16
Interest cover20.849.685.7310.0910.9013.37
Efficiency & per share
Fixed asset turnover1.943.263.042.611.771.76
Inventory turnover4.206.024.805.875.335.43
Debtors turnover4.9515.969.135.655.075.82
EPS (₹)8.7310.734,077.591,838.911,128.60921.46
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)58.5235.3512,281.718,186.376,219.085,090.48

Timeline of Kusumgar

3 dated milestones of Kusumgar across 56 years, from founding to its latest funding, stage changes and deals.

  1. Founded Kusumgar is founded.
  2. Funding First funding round of $11.3M.
  3. IPO Lists on the stock exchange (IPO).
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Frequently Asked Questions about Kusumgar

Kusumgar was founded in 1970 and raised its 1st funding round 55 years after it was founded.

Kusumgar has 646 employees.

The primary company behind Kusumgar, Kusumgar Limited, reported revenue of ₹712 Cr for FY 2026, down 11% year on year.

Since 1970, technical textiles have been manufactured by Kusumgar for niche applications in military, aeronautical, inflatable, automotive, MRG, outdoor, aerospace, and medical sectors. Capabilities including weaving, finishing, coating, and lamination are expanded to deliver custom solutions with high standards of quality and consistency. Awards such as the Supplier Excellence awards and National Award by the Ministry of Defense have been received, reflecting recognition in the industry. Headquartered in Mumbai, India, with sites in Gujarat, global demands for specialized fabrics are served by the company.

Kusumgar offers Technical Fabrics and Custom Fabrics.

Yes, Kusumgar is publicly traded on NSE under the ticker symbol KUSUMGAR.

Kusumgar has 1 investor. Key investors include Motilal Oswal.

Kusumgar operates through Kusumgar Limited.

The legal entities of Kusumgar currently have 7 directors, including Sapna Siddharth Kusumgar, Kaushal Jaysingh Sampat, Nihar Parikh Ajay and others.

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