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			<title>Kusumgar IPO: Should you apply? Its growth story has a tear</title>
			<link>https://www.valueresearchonline.com/stories/229000/kusumgar-ipo-defence-segment-decline-analysis/</link>
			<pubDate>Tue, 07 Jul 2026 17:28:39 +0530</pubDate>
			<category>IPO Analysis</category>
			<description>&lt;img src=&quot;https://www.valueresearchonline.com/content-assets/images/229000_kusumgar-ipo-should-you-apply-its-growth-story-has-a-tear__w320__h240__.jpg&quot; alt=&quot;Kusumgar IPO: Should you apply? Here’s what to look at&quot; border=&quot;0&quot; width=&quot;320&quot; height=&quot;240&quot; style=&quot;float: left; margin-right: 5px;&quot;&gt;Defence segment revenue fell 42 per cent in FY26. At 44.8x earnings, the valuation assumes recovery. Four variables to monitor before you invest in the Kusumgar IPO.</description>
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