Kush Industries

What does Kush Industries do?

Kush Industries Ltd is a micro-cap company in the Garments & Apparels industry, focused on manufacturing twisted polyester and micro filament yarn. As of March 2025, it reported zero net profit and has a market cap of Rs 15 Cr.

Overview:<BR>Kush Industries Ltd is a micro-cap company in the Garments & Apparels industry, primarily engaged in the manufacturing of twisted polyester filament yarn and micro filament yarn.<BR><BR>History:<BR>Kush Industries Ltd was incorporated on 4 March 1992 in Gujarat, originally known as SNS Textiles Limited. The company has undergone a name change and reported its latest quarterly results for March 2025, indicating a status of zero net profit.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>Market-cap value: Rs 15 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A (Loss Making)<BR>Industry P/E: 23<BR>Dividend Yield: 0.00%<BR>Debt-Equity: -1.17<BR>Return on Equity: 0.69%<BR>Price-to-Book: -1.99<BR><BR>Contact Details:<BR>Address: Plot No 129 Near J B Chemicals, GIDC Estate Ankleshwar Gujarat : 393002<BR>Email: snstextiles@sancharnet.in<BR>Website: http://www.kushindustrieslimited.com

Has Kush Industries declared dividend?

No Dividend History Available

Who are the peers of the Kush Industries?

Kush Industries' peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Seasons Textiles, Jagjanani Text., Classic Filament, and Net Avenue. K P R Mill Ltd leads in 1-year returns at 41.29%, while Kush Industries has the lowest at -32.91%.

Peers: The peers of Kush Industries are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Seasons Textiles, Jagjanani Text., Classic Filament, and Net Avenue.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is present at Trident and Net Avenue, while Below Average management risk is noted at Seasons Textiles and Sahaj Fashions. The peers with a Capital Structure rated as Excellent are K P R Mill Ltd, Page Industries, and Vedant Fashions, while those with Below Average Capital Structure include Seasons Textiles and the rest. Jagjanani Text., Kush Industries, and Classic Filament do not qualify for any ratings.<BR><BR>Return Snapshot: K P R Mill Ltd has the highest 1-year return at 41.29%, while Kush Industries has the lowest at -32.91%. This indicates that Kush Industries' return is significantly lower than that of K P R Mill Ltd. Additionally, Vedant Fashions, Trident, Classic Filament, and Kush Industries all have negative six-month returns.

Is Kush Industries overvalued or undervalued?

As of April 25, 2023, Kush Industries is considered risky and overvalued due to a negative PE ratio of -14.64, negative book value, and a one-year stock return of -42.70%, significantly underperforming compared to the Sensex's 7.57% return.

As of 25 April 2023, the valuation grade for Kush Industries has moved from does not qualify to risky. The company is currently assessed as overvalued given its negative PE ratio of -14.64, an EV to EBIT of -23.09, and a ROCE of -12.40%. In comparison to its peers, K P R Mill Ltd is categorized as very expensive with a PE ratio of 47.51, while Trident is rated as fair with a PE of 42.6, highlighting the significant disparity in valuation metrics.<BR><BR>Kush Industries' financial ratios indicate a concerning position, especially with a negative book value and a PEG ratio of 0.00. The company's stock performance has also lagged behind the Sensex, with a one-year return of -42.70% compared to the Sensex's 7.57%. Overall, these factors suggest that Kush Industries is overvalued in the current market environment.

What is the technical trend for Kush Industries?

As of May 13, 2025, Kush Industries shows a mildly bearish trend with mixed signals from technical indicators, including a current price of 9.86, a daily bearish moving average, and bullish Bollinger Bands on weekly and monthly charts.

As of 13 May 2025, the technical trend for Kush Industries has changed from bearish to mildly bearish. The weekly MACD is mildly bullish, but the monthly MACD and RSI are both bearish, indicating mixed signals across different time frames. The daily moving averages are mildly bearish, which adds to the cautious stance. Bollinger Bands show bullish signals on both weekly and monthly charts, suggesting potential upward movement. However, the overall sentiment remains mildly bearish due to the monthly indicators and the bearish RSI. The current price is 9.86, with today's high at 10.13, indicating some short-term volatility.

Who are in the management team of Kush Industries?

As of March 2023, the management team of Kush Industries includes Mansukh K Virani (Chairman & Wholetime Director), Ranjitsinh A Parmar (Independent Director), Kiran M Virani (Director), Bhoomi S Shah (Company Secretary & Compliance Officer), and Vivek Singhal (Independent Director). They are responsible for guiding the company's operations and governance.

As of March 2023, the management team of Kush Industries includes the following individuals:<BR><BR>1. Mansukh K Virani - Chairman & Wholetime Director<BR>2. Ranjitsinh A Parmar - Independent Director<BR>3. Kiran M Virani - Director<BR>4. Bhoomi S Shah - Company Secretary & Compliance Officer<BR>5. Vivek Singhal - Independent Director<BR><BR>These members play various roles in guiding the company's operations and governance.

Who are the top shareholders of the Kush Industries?

The top shareholders of Kush Industries are Prashant Virani, who holds 8.29%, and Gujarat State Financial Corporation, with 2.68%. Individual investors collectively own 26.69%, while there are no mutual funds or foreign institutional investors involved.

The top shareholders of Kush Industries include the promoters, with Prashant Virani holding the highest stake at 8.29%. Additionally, Gujarat State Financial Corporation is the highest public shareholder, owning 2.68%. Individual investors collectively hold 26.69% of the shares. Notably, there are no mutual funds or foreign institutional investors currently holding shares in the company.

How big is Kush Industries?

As of 24th July, Kush Industries Ltd has a market capitalization of 13.00 Cr, with net sales of 0.17 Cr and a net profit of 0.00 Cr for the latest four quarters. Shareholder's funds are reported at -7.27 Cr, and total assets are 4.60 Cr as of March 2024.

As of 24th July, <BR><BR>Kush Industries Ltd has a market capitalization of 13.00 Cr, categorizing it as a Micro Cap company. <BR><BR>For the latest four quarters, the sum of Net Sales is 0.17 Cr, while the sum of Net Profit is recorded as 0.00 Cr. <BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds reported at -7.27 Cr and Total Assets at 4.60 Cr.

When is the next results date for Kush Industries?

The next results date for Kush Industries is November 8, 2025.

The next results date for Kush Industries is scheduled for November 8, 2025.

Are Kush Industries latest results good or bad?

Kush Industries' latest results are concerning, showing no net sales or profits for FY2025, negative equity, and severe liquidity issues, leading to a "Strong Sell" rating. The company's stock has also declined by 11.01% over the past year, indicating significant financial challenges and a bleak outlook for recovery.

Kush Industries' latest results indicate a troubling situation for the company. The financial performance reflects a complete operational standstill, with nil net sales, zero operating profit, and no profit after tax reported for FY2025. This trend of inactivity has persisted over multiple years, with only sporadic instances of minimal activity in previous years.<BR><BR>The company has negative equity, with a book value of ₹-4.88 per share, and its return on equity (ROE) is effectively unmeasurable due to this negative book value. The Mojo Score of 12/100 categorizes it as a "Strong Sell," indicating significant concerns regarding its financial health.<BR><BR>Additionally, Kush Industries has seen its stock decline by 11.01% over the past year, underperforming the broader market and its sector. The balance sheet reveals severe liquidity issues, with current liabilities far exceeding current assets, leading to a technically insolvent position.<BR><BR>Overall, the results are decidedly negative, highlighting a company that is struggling with fundamental challenges and lacks a clear path to recovery. Investors should approach this situation with caution, as the outlook remains bleak.

Should I buy, sell or hold Kush Industries?

How has been the historical performance of Kush Industries?

Kush Industries has experienced significant financial decline, with net sales dropping from 3.26 Cr in Mar'22 to 0.01 Cr in Mar'25, resulting in operating losses and a decrease in total assets from 5.23 Cr to 2.31 Cr during the same period. The company's earnings per share fell from a profit of 1.65 to a loss of 0.03, indicating deteriorating performance.

Answer:<BR>The historical performance of Kush Industries shows significant fluctuations in revenue and profitability over the years, with a notable decline in recent periods.<BR><BR>Breakdown:<BR>Kush Industries experienced a decline in net sales from 3.26 Cr in Mar'22 to just 0.01 Cr in Mar'25, reflecting a downward trend in total operating income as well, which fell from 3.26 Cr in Mar'22 to 0.01 Cr in Mar'25. The company’s total expenditure also decreased, but not as sharply, resulting in operating losses, with operating profit (PBDIT) moving from a profit of 0.20 Cr in Mar'22 to a loss of 0.05 Cr in Mar'25. Profit before tax mirrored this trend, dropping from 2.68 Cr in Mar'22 to a loss of 0.05 Cr in Mar'25. The earnings per share (EPS) fluctuated significantly, showing a profit of 1.65 in Mar'22 but dropping to a loss of 0.03 in Mar'25. The company's total assets decreased from 5.23 Cr in Mar'22 to 2.31 Cr in Mar'25, while total liabilities also fell from 14.69 Cr in Mar'22 to 9.56 Cr in Mar'25. Cash flow from operating activities was positive at 3.00 Cr in Mar'23 but dropped to zero in Mar'25, indicating challenges in maintaining liquidity. Overall, the financial performance of Kush Industries has deteriorated significantly over the past few years, particularly in the most recent fiscal year.

Why is Kush Industries Ltd falling/rising?

As of 21-Jan, Kush Industries Ltd is facing a stock price decline to 7.27, down 2.02%. This is due to bearish trading trends, decreased investor participation, poor financial health, and negative growth indicators.

As of 21-Jan, Kush Industries Ltd is experiencing a decline in its stock price, currently at 7.27, which reflects a change of -0.15 or -2.02%. This drop can be attributed to several factors highlighted in the provided data. <BR><BR>Firstly, the stock has been trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Additionally, there has been a significant decrease in investor participation, with the delivery volume falling by 17.71% compared to the 5-day average, suggesting reduced interest from investors.<BR><BR>The company's financial health is also concerning, as it has a negative book value and a weak long-term fundamental strength. Over the past five years, net sales have declined at an annual rate of -5.84%, and the operating profit has stagnated at 0%. Furthermore, the company carries high debt, with a debt-to-equity ratio averaging 0 times, which raises red flags for potential investors.<BR><BR>Kush Industries has also reported poor performance metrics, such as the lowest cash and cash equivalents at Rs 0.27 crore and a debtor turnover ratio of 0.00 times. The stock has generated a return of -24.59% over the past year, while profits have only increased by 4%, indicating that the stock is not performing well relative to its historical valuations.<BR><BR>Overall, the combination of declining investor interest, poor financial performance, and negative growth indicators contributes to the falling stock price of Kush Industries Ltd.

Which are the latest news on Kush Industries?