Kitex Garments Ltd
Kitex Garments Limited was incorporated in 1992 and is promoted by Mr. Sabu M Jacob. The company exports cotton and organic cotton garments especially infant wear to US and European markets[1]
- Market Cap ₹ 1,468 Cr.
- Current Price ₹ 220
- High / Low ₹ 288 / 152
- Stock P/E 21.5
- Book Value ₹ 145
- Dividend Yield 0.68 %
- ROCE 10.8 %
- ROE 7.30 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- The company has delivered a poor sales growth of 0.33% over past five years.
- Company has a low return on equity of 9.80% over last 3 years.
- Dividend payout has been low at 13.1% of profits over last 3 years
- Company has high debtors of 152 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Readymade Garments/ Apparells Industry: Textiles - Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
317 | 442 | 511 | 546 | 546 | 557 | 607 | 739 | 455 | 788 | 557 | 617 | |
255 | 345 | 340 | 357 | 376 | 423 | 468 | 607 | 355 | 617 | 493 | 514 | |
Operating Profit | 62 | 97 | 171 | 189 | 170 | 134 | 139 | 132 | 100 | 171 | 64 | 102 |
OPM % | 19% | 22% | 34% | 35% | 31% | 24% | 23% | 18% | 22% | 22% | 11% | 17% |
4 | 13 | 13 | 20 | 3 | 2 | 22 | 44 | 10 | 30 | 43 | 25 | |
Interest | 13 | 12 | 21 | 16 | 9 | 6 | 4 | 7 | 3 | 4 | 4 | 7 |
Depreciation | 9 | 10 | 21 | 21 | 22 | 23 | 27 | 26 | 23 | 21 | 21 | 21 |
Profit before tax | 44 | 88 | 142 | 171 | 142 | 107 | 130 | 143 | 85 | 176 | 81 | 99 |
Tax % | 33% | 35% | 30% | 34% | 35% | 35% | 37% | 24% | 29% | 27% | 27% | 31% |
29 | 57 | 99 | 112 | 92 | 70 | 81 | 109 | 60 | 128 | 59 | 68 | |
EPS in Rs | 4.42 | 8.63 | 14.82 | 16.86 | 13.87 | 10.53 | 12.25 | 16.34 | 9.01 | 19.29 | 8.94 | 10.25 |
Dividend Payout % | 13% | 8% | 6% | 6% | 8% | 14% | 12% | 9% | 17% | 8% | 17% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 0% |
3 Years: | 11% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | -4% |
3 Years: | 4% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 15% |
3 Years: | 25% |
1 Year: | 41% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 5 | 5 | 5 | 5 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 118 | 169 | 259 | 363 | 451 | 510 | 585 | 669 | 729 | 848 | 898 | 956 |
101 | 134 | 161 | 110 | 8 | 8 | 90 | 96 | 0 | 73 | 25 | 77 | |
71 | 95 | 110 | 101 | 102 | 93 | 104 | 97 | 92 | 108 | 80 | 106 | |
Total Liabilities | 295 | 404 | 535 | 579 | 566 | 617 | 786 | 868 | 827 | 1,036 | 1,010 | 1,146 |
117 | 181 | 188 | 173 | 173 | 172 | 164 | 169 | 152 | 152 | 134 | 114 | |
CWIP | 2 | 1 | 0 | 1 | 16 | 34 | 40 | 21 | 20 | 12 | 20 | 26 |
Investments | 0 | 0 | 0 | 5 | 12 | 27 | 29 | 35 | 35 | 33 | 298 | 333 |
175 | 222 | 347 | 400 | 366 | 385 | 552 | 643 | 620 | 840 | 557 | 672 | |
Total Assets | 295 | 404 | 535 | 579 | 566 | 617 | 786 | 868 | 827 | 1,036 | 1,010 | 1,146 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
24 | 115 | 128 | 135 | 45 | 29 | 10 | 59 | 116 | -9 | 242 | ||
-5 | -72 | -30 | -10 | -41 | -51 | -80 | -34 | -8 | -47 | -244 | ||
-15 | 18 | 2 | -78 | -120 | -15 | 72 | -25 | -99 | 60 | -63 | ||
Net Cash Flow | 4 | 62 | 101 | 47 | -116 | -38 | 1 | -0 | 10 | 3 | -65 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58 | 44 | 45 | 64 | 88 | 81 | 99 | 124 | 142 | 145 | 133 | 152 |
Inventory Days | 101 | 17 | 20 | 22 | 76 | 148 | 191 | 148 | 252 | 154 | 161 | 235 |
Days Payable | 51 | 38 | 34 | 72 | 85 | 72 | 62 | 54 | 77 | 61 | 57 | 75 |
Cash Conversion Cycle | 109 | 23 | 30 | 15 | 79 | 157 | 228 | 218 | 317 | 238 | 237 | 312 |
Working Capital Days | 71 | 23 | 24 | 31 | 99 | 138 | 188 | 185 | 242 | 217 | 200 | 241 |
ROCE % | 27% | 38% | 45% | 42% | 32% | 23% | 22% | 21% | 12% | 22% | 9% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Dividend Updates 1d
- Financial Results For Quarter And Year Ended March 31, 2024 1d
- Board Meeting Outcome for Outcome Of Board Meeting - Dividends 1d
- Board Meeting Outcome for Outcome Of Board Meeting Held On May 20, 2024 1d
- Board Meeting Intimation for Considering And Approving Standalone And Consolidated Audited Financial Results For The Quarter And Year Ended March 31, 2024 And Recommendation Of Final Dividend, If Any. 14 May
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Market Position
Kitex Garments Ltd. (KGL) is the world’s second-largest manufacturer of cotton and organic cotton ready-to-wear garments for infants and children between 0-24 months. [1]