Textile · Founded 1992 · www.snstextiles.in · BSE 514240 · NSE KUSHIND · ISIN INE979D01011
No Notes Added Yet
Company Name: Kush Industries Ltd.
Ticker: SUZLONFIBR (Note: This ticker does not appear to correspond to a publicly listed entity named Kush Industries Ltd. in India, and Suzlon Energy is in the renewable energy sector. The analysis below is based solely on the provided name, sector, and country, assuming a generic textile company in India.)
Country: India
Sector: Textile
Industry: Textile
1. Business Overview
Kush Industries Ltd. operates within the textile sector in India. As a textile company, its core business likely involves the manufacturing and processing of textile products. This typically includes activities such as spinning yarn from various fibers (cotton, synthetic, blended), weaving or knitting fabrics, processing and finishing textiles (dyeing, printing, special treatments), and potentially manufacturing ready-made garments, home textiles, or other textile-based products. The company's business model would involve sourcing raw materials, adding value through manufacturing processes, and selling finished goods to various customers, which could include other manufacturers, domestic retailers, international brands, or direct consumers, thereby generating revenue from product sales.
2. Key Segments / Revenue Mix
Specific segment breakdown and revenue contribution for Kush Industries Ltd. are not available. However, a typical Indian textile company might have segments such as Yarn (spinning), Fabric (weaving/knitting), Processing (dyeing, printing, finishing), Garments (apparel manufacturing), or Home Textiles (bedding, towels, curtains). Without specific data, the exact mix for Kush Industries Ltd. remains unknown.
3. Industry & Positioning
The Indian textile industry is one of the oldest and largest in the world, characterized by its fragmentation, diverse product range, and significant contribution to employment and exports. It ranges from traditional handlooms to modern integrated mills. The industry is highly competitive, with numerous domestic players and increasing international competition. Kush Industries Ltd.'s specific positioning (e.g., niche in specialty fabrics, focus on mass-market garments, export-oriented, domestic focus, value chain integration) within this competitive landscape is unknown without further information. Generally, companies aim to differentiate through cost efficiency, product quality, design innovation, or strong customer relationships.
4. Competitive Advantage (Moat)
Without specific details about Kush Industries Ltd., any competitive advantage or moat is speculative. Potential moats for a textile company could include:
Cost Leadership: Achieving superior operational efficiency and economies of scale.
Brand Strength: A recognized brand in specific product categories (e.g., home textiles, apparel).
Specialized Manufacturing: Expertise in producing niche or high-value-added textiles.
Vertical Integration: Control over multiple stages of the value chain, leading to better cost control and quality.
Strong Customer Relationships: Long-term contracts or preferred supplier status with major buyers.
Whether Kush Industries Ltd. possesses any of these durable advantages cannot be determined from the available information.
5. Growth Drivers
Key factors that could drive growth for a textile company like Kush Industries Ltd. over the next 3-5 years include:
Rising Domestic Consumption: Increasing disposable incomes and evolving fashion trends in India.
Export Opportunities: Government initiatives (e.g., PLI schemes) and global demand shifts, potentially driven by diversification away from other manufacturing hubs.
Technological Upgrades: Investment in modern machinery and automation to improve efficiency, quality, and reduce costs.
Product Diversification & Value Addition: Moving into higher-margin products like technical textiles, specialty fabrics, or branded apparel.
Government Support: Policies promoting textile manufacturing and exports (e.g., free trade agreements, infrastructure development).
6. Risks
Kush Industries Ltd. faces several business risks common to the textile industry:
Raw Material Price Volatility: Fluctuations in prices of cotton, synthetic fibers, and dyes can impact profitability.
Fashion & Demand Changes: Rapid shifts in consumer preferences and global fashion trends can lead to inventory obsolescence.
Intense Competition: Pressure from both domestic and international manufacturers, leading to price wars and margin compression.
Labor Costs & Availability: Increasing labor wages and potential shortages of skilled labor in certain regions.
Trade Policies & Geopolitics: Changes in import/export duties, trade agreements, and international relations can affect market access and costs.
Environmental Regulations: Stricter environmental norms can lead to increased compliance costs, especially for dyeing and processing units.
Economic Downturns: Reduced consumer spending power during economic slowdowns can negatively impact demand.
7. Management & Ownership
Specific information regarding the promoters, management team, and ownership structure of Kush Industries Ltd. is not available. Many Indian textile companies are family-owned or promoter-driven. The quality of management would typically involve expertise in textile manufacturing, supply chain management, market trends, and financial stewardship. Ownership structure might vary from closely held private entities to publicly listed companies with institutional and retail shareholders.
8. Outlook
The outlook for an Indian textile company like Kush Industries Ltd. presents a balanced view of opportunities and challenges. On the bullish side, India's large domestic market, growing disposable income, and government support for the textile sector provide a foundation for growth. There are also significant opportunities in exports, particularly with global supply chain realignments and increasing demand for sustainable textiles. However, the company operates in a highly competitive and cyclical industry, vulnerable to raw material price volatility, rapid fashion changes, and evolving trade policies. Success will likely depend on the company's ability to maintain cost efficiency, innovate in product development, adapt to market demands, strategically manage its supply chain, and navigate the complex regulatory and competitive landscape. Without specific financial or operational details, a definitive assessment of Kush Industries Ltd.'s individual prospects is not possible, but the broader industry offers both headwinds and tailwinds.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Expenditure | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | 0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 2 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 2 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 |
| Adjustments | 0 | -0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 2 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 |
| Adjusted Earnings Per Share | 0 | 1.5 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 3 | 1 | 1 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 1 | 1 | 2 | 1 | 3 | 0 | 3 | 1 | 1 | 0 | 0 |
| Total Expenditure | 1 | 1 | 3 | 2 | 2 | 1 | 0 | 3 | 1 | 1 | 0 | 0 |
| Operating Profit | -0 | -0 | -1 | -0 | -0 | 2 | -0 | 0 | -0 | -0 | -0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 2 | 0 | 0 |
| Profit Before Tax | -1 | -0 | -1 | -0 | -0 | 1 | -0 | 2 | -0 | 2 | -0 | 0 |
| Provision for Tax | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1 | -0 | -1 | -0 | -0 | 1 | -0 | 2 | -0 | 2 | -0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -1 | -0 | -1 | -0 | -0 | 1 | -0 | 2 | -0 | 2 | -0 | 0 |
| Adjusted Earnings Per Share | -0.5 | -0.1 | -0.9 | -0.2 | -0.2 | 0.9 | -0.2 | 1.6 | -0.1 | 1.5 | -0 | 0 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -100% | -100% | 0% | -100% |
| Operating Profit CAGR | 0% | 0% | -100% | 0% |
| PAT CAGR | -100% | -100% | -100% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -17% | 11% | 34% | 24% |
| ROE Average | 0% | 0% | 0% | 0% |
| ROCE Average | -2% | 21% | 23% | 11% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | -3 | -3 | -13 | -13 | -13 | -12 | -12 | -9 | -10 | -7 | -7 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 15 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -8 | -8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 16 | 17 | 17 | 14 | 14 | 15 | 12 | 12 | 10 |
| Total Liabilities | 4 | 4 | 3 | 4 | 4 | 3 | 2 | 5 | 3 | 5 | 2 |
| Fixed Assets | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 5 | 3 | 4 | 2 |
| Total Assets | 4 | 4 | 3 | 4 | 4 | 3 | 2 | 5 | 3 | 5 | 2 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 3 |
| Cash Flow from Operating Activities | -2 | -1 | -1 | -1 | -0 | -0 | -0 | -3 | 3 | -0 | -0 |
| Cash Flow from Investing Activities | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 3 | 0 | 3 | 0 |
| Cash Flow from Financing Activities | 0 | 0 | 1 | 1 | -0 | -2 | 0 | 0 | -3 | -0 | -2 |
| Net Cash Inflow / Outflow | -2 | -0 | -0 | 0 | -0 | -0 | -0 | -0 | 1 | 2 | -2 |
| Closing Cash & Cash Equivalent | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 3 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.51 | -0.09 | -0.86 | -0.16 | -0.17 | 0.95 | -0.2 | 1.65 | -0.08 | 1.53 | -0.04 |
| CEPS(Rs) | -0.3 | -0.04 | -0.81 | -0.08 | -0.1 | 1.01 | -0.13 | 1.69 | -0.05 | 1.53 | -0.04 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -2.06 | -2.15 | -8.46 | -8.61 | -8.78 | -7.84 | -8.03 | -6.37 | -6.46 | -4.9 | -4.88 |
| Core EBITDA Margin(%) | -92.32 | -88.19 | -96.29 | -26.31 | -25.44 | -200.57 | -1185.96 | 4.4 | -15.17 | -14.93 | -1539.13 |
| EBIT Margin(%) | -209.12 | -67.53 | -94.37 | -17.88 | -19.96 | 424.47 | -1292.11 | 75.11 | -14.6 | 342.67 | -565.22 |
| Pre Tax Margin(%) | -209.14 | -67.57 | -94.64 | -18.08 | -20.35 | 424.11 | -1297.81 | 74.98 | -14.73 | 342.4 | -566.3 |
| PAT Margin (%) | -147.48 | -29.77 | -94.64 | -18.08 | -20.35 | 424.11 | -1297.81 | 74.98 | -14.73 | 342.4 | -566.3 |
| Cash Profit Margin (%) | -86.46 | -13.72 | -89 | -9.77 | -12.57 | 452.92 | -877.63 | 76.81 | -9.37 | 342.43 | -564.13 |
| ROA(%) | -12.82 | -3.43 | -36.62 | -6.02 | -5.94 | 42.44 | -11.45 | 63.54 | -2.99 | 60.68 | -1.51 |
| ROE(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROCE(%) | -8.22 | -2.68 | -17.82 | -7.27 | -7.58 | 50.18 | -11.75 | 64.63 | -3.29 | 68.39 | -1.56 |
| Receivable days | 192.24 | 104.54 | 39.33 | 101.03 | 209.26 | 580.53 | 2111.34 | 207.26 | 821.46 | 53.28 | 4042.77 |
| Inventory Days | 454.7 | 507.95 | 149.84 | 230.71 | 296.51 | 581.01 | 4374.52 | 17.49 | 156.03 | 186.08 | 708.18 |
| Payable days | 130.87 | 0 | 75.86 | 2188.3 | 326.5 | 386.18 | 444.64 | 1.98 | 164.56 | 237.87 | 4417.76 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.97 | 0 | 3.99 | 0 |
| Price/Book(x) | -0.62 | -0.38 | -0.09 | -0.09 | -0.12 | 0 | -0.22 | -0.51 | -0.81 | -1.25 | -1.72 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 30.08 | 33.3 | 11.79 | 13.05 | 13.84 | 86 | 721.86 | 5.81 | 22.35 | 26.35 | 2273.65 |
| EV/Core EBITDA(x) | -54.6 | -64.77 | -13.28 | -136.38 | -113.75 | 18.97 | -82.79 | 94.12 | -242.02 | -424.11 | -403.81 |
| Net Sales Growth(%) | -46.09 | -10.8 | 195.92 | -5.12 | -4.35 | -72.97 | -93.14 | 0 | -74.76 | -19.5 | -98.61 |
| EBIT Growth(%) | -314.21 | 71.19 | -313.52 | 82.02 | -6.75 | 674.88 | -120.88 | 932.32 | -104.91 | 1989.11 | -102.29 |
| PAT Growth(%) | -333.8 | 81.99 | -840.81 | 81.88 | -7.68 | 663.18 | -120.99 | 927.27 | -104.96 | 1970.51 | -102.29 |
| EPS Growth(%) | -333.59 | 82 | -840.96 | 81.87 | -7.66 | 663.17 | -120.99 | 927.3 | -104.96 | 1969.8 | -102.29 |
| Debt/Equity(x) | -4.79 | -4.59 | -1.23 | -1.27 | -1.23 | -1.22 | -1.2 | -1.55 | -1.23 | -1.62 | -1.3 |
| Current Ratio(x) | 5.93 | 5.35 | 0.11 | 0.17 | 0.17 | 0.12 | 0.11 | 0.33 | 0.21 | 0.37 | 0.21 |
| Quick Ratio(x) | 4.35 | 3.21 | 0.09 | 0.1 | 0.12 | 0.1 | 0.09 | 0.32 | 0.16 | 0.37 | 0.21 |
| Interest Cover(x) | 0 | -1714.22 | -343.05 | -89.96 | -50.21 | 1181.84 | -226.62 | 598.05 | -109.36 | 1262.56 | -520 |
| Total Debt/Mcap(x) | 7.57 | 11.72 | 13.69 | 13.64 | 10.44 | 0 | 5.44 | 2.96 | 1.47 | 1.26 | 0.74 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 56.95 | 56.95 | 56.95 | 57.11 | 58.01 | 58.01 | 58.01 | 58.01 | 58.01 | 58.01 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 2.78 | 2.78 | 2.78 | 2.78 | 2.78 | 2.78 | 2.78 | 2.68 | 2.68 | 2.68 |
| Public | 40.27 | 40.27 | 40.27 | 40.11 | 39.21 | 39.21 | 39.21 | 39.31 | 39.31 | 39.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.87 | 0.87 | 0.87 | 0.87 | 0.88 | 0.88 | 0.88 | 0.88 | 0.88 | 0.88 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Public | 0.61 | 0.61 | 0.61 | 0.61 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -100% | -100% | — | -100% |
| Operating Profit CAGR | — | — | -100% | — |
| PAT CAGR | -100% | -100% | -100% | — |
| Share Price CAGR | -17% | +11% | +34% | +24% |
| ROE Average | 0% | 0% | 0% | 0% |
| ROCE Average | -2% | +21% | +23% | +11% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 56.95 | 56.95 | 56.95 | 57.11 | 58.01 | 58.01 | 58.01 | 58.01 | 58.01 | 58.01 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 2.78 | 2.78 | 2.78 | 2.78 | 2.78 | 2.78 | 2.78 | 2.68 | 2.68 | 2.68 |
| Public | 43.05 | 43.05 | 43.05 | 42.89 | 41.99 | 41.99 | 41.99 | 41.99 | 41.99 | 41.99 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.87 | 0.87 | 0.87 | 0.87 | 0.88 | 0.88 | 0.88 | 0.88 | 0.88 | 0.88 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Public | 0.66 | 0.66 | 0.66 | 0.65 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 |
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