Kitex Garments Ltd

₹ 161 0.18%

29 May - close price

kitexgarments.com BSE: 521248 NSE: KITEX

About

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]

Key Points

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]

Website BSE NSE

Market Cap ₹ 3,222 Cr.
Current Price ₹ 161
High / Low ₹ 304 / 138
Stock P/E 72.8
Book Value ₹ 57.8
Dividend Yield 0.31 %
ROCE 5.86 %
ROE 3.91 %
Face Value ₹ 1.00

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Pros

Debtor days have improved from 118 to 75.5 days.
Company's working capital requirements have reduced from 142 days to 102 days

Cons

Stock is trading at 2.79 times its book value
The company has delivered a poor sales growth of 5.38% over past five years.
Company has a low return on equity of 8.46% over last 3 years.
Earnings include an other income of Rs.62.4 Cr.
Dividend payout has been low at 7.05% of profits over last 3 years

* 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

Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels

Part of BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE 1000

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	97.71	145.78	133.96	164.13	173.05	190.44	215.88	276.32	300.17	196.69	120.10	164.35	110.55
	101.91	131.29	114.03	131.06	138.11	148.68	159.76	222.52	251.99	159.68	131.80	151.05	104.74
Operating Profit	-4.20	14.49	19.93	33.07	34.94	41.76	56.12	53.80	48.18	37.01	-11.70	13.30	5.81
OPM %	-4.30%	9.94%	14.88%	20.15%	20.19%	21.93%	26.00%	19.47%	16.05%	18.82%	-9.74%	8.09%	5.26%
	16.09	2.06	5.52	8.04	9.06	4.59	5.03	11.56	15.43	4.62	33.74	9.07	14.99
Interest	0.09	0.85	1.75	1.89	2.84	2.09	3.41	3.53	4.98	3.54	4.14	4.25	4.12
Depreciation	5.14	5.28	5.14	5.20	5.08	4.69	4.23	3.66	3.15	3.15	3.10	3.14	2.90
Profit before tax	6.66	10.42	18.56	34.02	36.08	39.57	53.51	58.17	55.48	34.94	14.80	14.98	13.78
Tax %	36.64%	23.32%	28.83%	38.30%	27.97%	24.34%	25.36%	25.32%	28.60%	25.44%	26.49%	30.91%	30.19%
	4.22	7.99	13.21	21.00	25.99	29.95	39.94	43.45	39.61	26.05	10.87	10.35	9.62
EPS in Rs	0.21	0.40	0.66	1.05	1.30	1.50	2.00	2.18	1.99	1.31	0.54	0.52	0.48
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	511	546	546	557	607	739	455	788	557	617	983	592
	340	357	376	423	468	607	355	617	493	514	783	547
Operating Profit	171	189	170	134	139	132	100	171	64	102	200	44
OPM %	34%	35%	31%	24%	23%	18%	22%	22%	11%	17%	20%	8%
	13	20	3	2	22	44	10	30	43	25	37	62
Interest	21	16	9	6	4	7	3	4	4	7	14	16
Depreciation	21	21	22	23	27	26	23	21	21	21	16	12
Profit before tax	142	171	142	107	130	143	85	176	81	99	207	79
Tax %	30%	34%	35%	35%	37%	24%	29%	27%	27%	31%	26%	28%
	99	112	92	70	81	109	60	128	59	68	153	57
EPS in Rs	4.94	5.62	4.62	3.51	4.08	5.45	3.00	6.43	2.98	3.42	7.67	2.85
Dividend Payout %	6%	6%	8%	14%	12%	9%	17%	8%	17%	15%	7%	0%

Compounded Sales Growth
10 Years:	1%
5 Years:	5%
3 Years:	2%
TTM:	-40%

Compounded Profit Growth
10 Years:	-9%
5 Years:	-6%
3 Years:	-9%
TTM:	-71%

Stock Price CAGR
10 Years:	4%
5 Years:	34%
3 Years:	43%
1 Year:	-46%

Return on Equity
10 Years:	11%
5 Years:	9%
3 Years:	8%
Last Year:	4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	5	7	7	7	7	7	7	7	20	20
Reserves	259	363	451	510	585	669	729	848	898	956	1,086	1,134
	161	110	8	8	90	96	0	73	25	77	163	209
	110	101	102	93	104	97	92	108	80	106	126	84
Total Liabilities	535	579	566	617	786	868	827	1,036	1,010	1,146	1,394	1,446
	188	173	173	172	164	169	152	152	134	114	102	92
CWIP	0	1	16	34	40	21	20	12	20	26	34	43
Investments	0	5	12	27	29	35	35	33	298	333	455	574
	347	400	366	385	552	643	620	840	557	672	803	738
Total Assets	535	579	566	617	786	868	827	1,036	1,010	1,146	1,394	1,446

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	128	135	45	29	10	59	116	-9	242	-30	78
	-30	-10	-41	-51	-80	-34	-8	-47	-244	-2	-152
	2	-78	-120	-15	72	-25	-99	60	-63	37	62
Net Cash Flow	101	47	-116	-38	1	-0	10	3	-65	5	-11
Free Cash Flow	98	129	17	-9	-17	44	112	-22	235	-36	67
CFO/OP	75%	99%	61%	55%	34%	84%	136%	23%	423%	-5%	64%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	45	64	88	81	99	124	142	145	133	152	126	75
Inventory Days	20	22	76	148	191	148	252	154	161	235	164	171
Days Payable	34	72	85	72	62	54	77	61	57	75	64	54
Cash Conversion Cycle	30	15	79	157	228	218	317	238	237	312	226	192
Working Capital Days	-58	-24	99	138	136	137	242	183	184	195	128	102
ROCE %	45%	42%	32%	23%	22%	21%	12%	22%	9%	10%	19%	6%

Insights

In beta

Mar 2015

Mar 2016

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Daily Garment Capacity
Units per day

xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx
	xx	xx	xx	xx	xx	xx	xx	xx	xx	xx
				xxx.xx					xxx.xx	xxx.xx	xxx.xx
				xx						xx

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Number of Employees
Count

Manufacturing Area
Sq. Ft.

Textile/Fabric Capacity
Tonnes per day

Installed Production Capacity
Million pieces per annum

Manufacturing Efficiency
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%
	0.68%	0.66%	0.84%	0.97%	0.82%	0.74%	1.10%	0.90%	0.93%	1.16%	0.90%	0.88%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.40%	0.87%	0.90%	0.34%	0.16%	0.13%
	42.67%	42.68%	42.50%	42.38%	42.52%	42.61%	41.85%	41.58%	41.51%	41.84%	42.28%	42.33%
No. of Shareholders	56,305	54,752	52,657	54,361	53,487	55,863	68,465	79,057	84,159	98,214	97,407	1,00,555

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	54.24%	54.80%	55.27%	55.57%	55.57%	56.66%	56.66%	56.66%	56.66%	56.66%
	4.80%	4.93%	1.58%	0.11%	0.10%	0.75%	0.69%	0.97%	0.90%	0.88%
	0.35%	0.05%	0.11%	0.11%	0.00%	0.00%	0.00%	0.00%	0.87%	0.13%
	40.60%	40.21%	43.04%	44.20%	44.33%	42.59%	42.65%	42.38%	41.58%	42.33%
No. of Shareholders	29,122	37,134	35,989	32,947	36,830	58,352	57,230	54,361	79,057	1,00,555

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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