Operates in the textiles and ceramics sectors, with Textiles accounting for 100% of segment revenue based on the most recent segment disclosure (period ended March 2021) and Ceramics at zero. Revenue from operations has been negligible — FY26 revenue from operations stood at Rs 0.92 lakh with a net loss of Rs 4.91 lakh, and the company reported zero revenue from operations in Q3 FY26. Materials accounted for 95.8% of revenue in FY26. The balance sheet is under stress, with negative total equity of Rs 728.93 lakh against share capital of Rs 1,484.68 lakh, current borrowings of Rs 892.50 lakh, and cash reserves of Rs 35.91 lakh (down from Rs 97.87 lakh). Operating cash flow was negative at Rs 16.80 lakh for FY26. The entity, formerly SNS Textiles, is shifting its registered office from Ankleshwar to Ahmedabad and has appointed new secretarial auditors. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textiles (100%), Ceramics (0%). Dormant or near-dormant textile entity with deeply negative net worth and recurring losses
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 1 | 1 | 0 | 0 |
| EBITDA (ex other income) | 3 | (0) | 2 | (0) | (0) |
| margin % | 82.3 | (15.2) | 334.0 | (1538.0) | (6029.2) |
| Owners' profit | 2 | (0) | 2 | (0) | (0) |
| EPS, as reported (₹) | 1.66 | (0.08) | 1.52 | 0.02 | 0.00 |
| ROE % · ROCE % | (25.9) · (28.4) | 1.3 · 1.3 | (31.2) · (31.3) | 0.7 · 0.7 | 0.7 · 0.7 |
| Debt / equity (x) | (1.54) | (1.23) | (1.62) | (1.30) | (1.22) |
| Cash from operations | (3) | 3 | (0) | (0) | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | 0 | (0) | (0) | (0) | (0) | 0 | 0 |
| Net profit | (0) | 0 | (0) | (0) | (0) | (0) | 0 | 0 |
| EPS (₹) | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.05 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 13 Aug 2026 · Newspaper clippings of AGM notice and e-voting advertisement submitted to BSE | compliance | minimal | — | — |
| 12 Aug 2026 · Notice of 34th AGM and Annual Report FY 2025-26 filed with BSE | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Kush Industries 34th AGM notice and FY26 annual report filed | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Kush Industries 34th AGM notice and FY26 annual report filed with BSE | board shareholder meetings | medium | — | — |
| 3 Aug 2026 · Kush Industries files newspaper clippings of AGM notice | compliance | minimal | — | — |
| 30 Jul 2026 · Q1 FY27 results, secretarial auditor appointed, office shift | management changes | medium | — | — |
| 30 Jul 2026 · Q1 results, AGM on 28 Sep, e-voting, new secretarial auditor, office shift | results | high | — | — |
| 30 Jul 2026 · Q1 FY27 results: Kush Industries swings to Rs 0.79 lakh profit | results | high | — | — |
| 30 Jul 2026 · Kush Industries Q1 FY27 results: small profit, AGM on 28 Sep, new secretarial auditor | results | high | — | — |
| 22 Jul 2026 · Kush Industries board to consider Q1 FY27 results on July 30 | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| INDO COUNT INDUSTRIES LTD |
| 8,757 |
| 58.0 |
| 3.72 |
| 21.1 |
| 5.4 |
| 5.4 |
| 10.5 |
| 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 57.9 | 14.8 | 177 of 205 | 14% |
| ROCE | 0.7 | 4.2 | 163 of 227 | 28% |
| ROE | 0.7 | 4.8 | 160 of 214 | 25% |
| Debt / Equity | (1.2) | 0.3 | 11 of 214 | 95% |
| EBITDA margin | 164.6 | 9.8 | 4 of 198 | 99% |
| Revenue growth | 100.0 | 6.9 | 18 of 192 | 91% |
| Profit growth | 133.8 | 20.0 | 45 of 203 | 78% |
| Market cap | 9 | 63 | 202 of 221 | 9% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
