Kitex Garments Ltd

Kitex Garments is engaged in the manufacture of fabric and readymade garments.(Source : 201903 Annual Report Page No: 105)

  • Market Cap: 758.10 Cr.
  • Current Price: 114.00
  • 52 weeks High / Low 171.10 / 70.05
  • Book Value: 95.08
  • Stock P/E: 6.66
  • Dividend Yield: 1.32 %
  • ROCE: 22.25 %
  • ROE: 14.72 %
  • Sales Growth (3Yrs): 3.59 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
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Pros:
Stock is trading at 1.20 times its book value
Company is expected to give good quarter
Cons:
The company has delivered a poor growth of 6.53% over past five years.
Dividend payout has been low at 11.41% of profits over last 3 years

Peer comparison Sector: Readymade Garments/ Apparells // Industry: Textiles - Products

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
177 130 149 147 131 123 168 136 180 146 196 251
130 94 106 113 113 95 132 111 136 115 157 198
Operating Profit 48 36 43 35 18 28 36 25 44 30 39 53
OPM % 27% 28% 29% 23% 14% 22% 21% 19% 24% 21% 20% 21%
Other Income 1 1 3 1 1 9 13 4 2 1 13 8
Interest 2 1 2 2 1 0 1 1 1 1 1 2
Depreciation 5 6 6 6 6 7 7 7 7 7 7 7
Profit before tax 40 30 38 28 12 30 41 21 37 23 44 52
Tax % 34% 40% 37% 37% 12% 38% 37% 42% 35% 38% 12% 30%
Net Profit 27 18 24 18 10 19 26 12 24 15 38 37
EPS in Rs 2.89 2.70 3.63 2.65 1.64 2.79 3.93 1.86 3.64 2.19 5.77 5.26
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
176 182 247 242 312 317 442 511 546 546 557 607 773
164 164 224 208 253 255 345 340 357 376 423 468 607
Operating Profit 12 18 24 34 59 62 97 171 189 170 134 139 166
OPM % 7% 10% 10% 14% 19% 19% 22% 34% 35% 31% 24% 23% 21%
Other Income 19 20 26 19 6 4 13 13 20 3 2 22 24
Interest 11 16 15 15 19 13 12 21 16 9 6 4 6
Depreciation 5 6 7 7 7 9 10 21 21 22 23 27 27
Profit before tax 15 16 28 31 40 44 88 142 171 142 107 130 156
Tax % 39% 38% 33% 34% 32% 33% 35% 30% 34% 35% 35% 37%
Net Profit 9 10 18 21 27 29 57 99 112 92 70 81 114
EPS in Rs 1.31 1.46 2.74 3.06 4.01 4.32 8.51 14.63 16.64 13.86 10.53 12.25 16.86
Dividend Payout % 11% 12% 8% 9% 11% 13% 8% 6% 6% 8% 14% 12%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:12.77%
5 Years:6.53%
3 Years:3.59%
TTM:38.51%
Compounded Profit Growth
10 Years:23.39%
5 Years:7.28%
3 Years:-10.10%
TTM:68.86%
Stock Price CAGR
10 Years:21.32%
5 Years:-28.24%
3 Years:-26.61%
1 Year:0.44%
Return on Equity
10 Years:24.92%
5 Years:22.92%
3 Years:16.82%
Last Year:14.72%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
5 5 5 5 5 5 5 5 5 5 7 7 7
Reserves 25 34 50 69 93 118 169 259 363 451 510 585 626
Borrowings 115 138 70 108 102 101 134 161 110 8 8 90 92
39 37 58 68 69 71 95 110 101 102 93 104 135
Total Liabilities 183 214 183 250 267 295 404 535 579 566 617 786 859
101 123 119 122 123 117 181 188 173 173 172 164 179
CWIP 13 1 1 1 0 2 1 0 1 16 34 40 18
Investments 0 0 0 0 0 0 0 0 5 12 27 29 30
69 90 63 127 144 175 222 347 400 366 385 552 631
Total Assets 183 214 183 250 267 295 404 535 579 566 617 786 859

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
17 1 87 -16 63 24 115 128 135 45 29 10
-15 -15 -2 -11 -7 -5 -72 -30 -10 -41 -51 -80
-9 9 -81 24 -27 -15 18 2 -78 -120 -15 72
Net Cash Flow -8 -5 4 -2 29 4 62 101 47 -116 -38 1

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 18% 20% 29% 30% 31% 27% 38% 45% 42% 32% 23% 22%
Debtor Days 65 111 8 59 37 58 44 45 64 88 81 99
Inventory Turnover 8.05 5.31 5.81 3.32 3.17 3.38 8.33 19.05 17.46 7.29 3.38 2.27