Kitex Garments Ltd

Kitex Garments Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kitex Garments Ltd

₹ 203 -1.15%
25 Apr - 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 ₹ 1,348 Cr.
  • Current Price ₹ 203
  • High / Low ₹ 288 / 152
  • Stock P/E 29.0
  • Book Value ₹ 138
  • Dividend Yield 0.74 %
  • ROCE 9.25 %
  • ROE 6.75 %
  • Face Value ₹ 1.00
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Pros

Cons

  • The company has delivered a poor sales growth of -0.01% over past five years.
  • Company has a low return on equity of 10.4% over last 3 years.
  • Earnings include an other income of Rs.31.7 Cr.
  • Dividend payout has been low at 13.7% 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

Sector: Readymade Garments/ Apparells Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
121 112 154 178 203 254 249 142 68 98 146 134 164
93 94 126 140 154 198 207 114 69 102 131 114 131
Operating Profit 28 18 28 38 49 55 42 27 -1 -4 14 20 33
OPM % 23% 16% 18% 21% 24% 22% 17% 19% -2% -4% 10% 15% 20%
2 4 7 4 5 14 15 9 3 16 2 6 8
Interest 0 1 0 0 0 3 1 1 2 0 1 2 2
Depreciation 5 5 5 5 5 5 5 5 5 5 5 5 5
Profit before tax 25 16 30 37 49 60 50 30 -5 7 10 19 34
Tax % 31% 39% 26% 26% 29% 27% 26% 16% -41% 37% 23% 29% 38%
17 10 22 27 35 44 37 25 -7 4 8 13 21
EPS in Rs 2.53 1.46 3.30 4.10 5.22 6.67 5.53 3.77 -1.00 0.63 1.20 1.99 3.16
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
312 317 442 511 546 546 557 607 739 455 788 557 542
253 255 345 340 357 376 423 468 607 355 617 493 478
Operating Profit 59 62 97 171 189 170 134 139 132 100 171 64 63
OPM % 19% 19% 22% 34% 35% 31% 24% 23% 18% 22% 22% 11% 12%
6 4 13 13 20 3 2 22 44 10 30 43 32
Interest 19 13 12 21 16 9 6 4 7 3 4 4 5
Depreciation 7 9 10 21 21 22 23 27 26 23 21 21 21
Profit before tax 40 44 88 142 171 142 107 130 143 85 176 81 70
Tax % 32% 33% 35% 30% 34% 35% 35% 37% 24% 29% 27% 27%
27 29 57 99 112 92 70 81 109 60 128 59 46
EPS in Rs 4.08 4.42 8.63 14.82 16.86 13.87 10.53 12.25 16.34 9.01 19.29 8.94 6.98
Dividend Payout % 11% 13% 8% 6% 6% 8% 14% 12% 9% 17% 8% 17%
Compounded Sales Growth
10 Years: 6%
5 Years: 0%
3 Years: -9%
TTM: -24%
Compounded Profit Growth
10 Years: 7%
5 Years: -3%
3 Years: -18%
TTM: -53%
Stock Price CAGR
10 Years: 9%
5 Years: 15%
3 Years: 28%
1 Year: 26%
Return on Equity
10 Years: 17%
5 Years: 12%
3 Years: 10%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 5 5 5 5 5 7 7 7 7 7 7 7
Reserves 93 118 169 259 363 451 510 585 669 729 848 898 909
102 101 134 161 110 8 8 90 96 0 73 25 118
69 71 95 110 101 102 93 104 97 92 108 80 93
Total Liabilities 267 295 404 535 579 566 617 786 868 827 1,036 1,010 1,127
123 117 181 188 173 173 172 164 169 152 152 134 124
CWIP 0 2 1 0 1 16 34 40 21 20 12 20 25
Investments 0 0 0 0 5 12 27 29 35 35 33 298 298
144 175 222 347 400 366 385 552 643 620 840 557 679
Total Assets 267 295 404 535 579 566 617 786 868 827 1,036 1,010 1,127

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
63 24 115 128 135 45 29 10 59 116 -9 242
-7 -5 -72 -30 -10 -41 -51 -80 -34 -8 -47 -244
-27 -15 18 2 -78 -120 -15 72 -25 -99 60 -63
Net Cash Flow 29 4 62 101 47 -116 -38 1 -0 10 3 -65

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 37 58 44 45 64 88 81 99 124 142 145 133
Inventory Days 110 101 17 20 22 76 148 191 148 252 154 161
Days Payable 57 51 38 34 72 85 72 62 54 77 61 57
Cash Conversion Cycle 91 109 23 30 15 79 157 228 218 317 238 237
Working Capital Days 47 71 23 24 31 99 138 188 185 242 217 200
ROCE % 31% 27% 38% 45% 42% 32% 23% 22% 21% 12% 22% 9%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.57% 55.57% 56.42% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66%
0.00% 0.03% 0.37% 0.75% 1.02% 0.74% 0.71% 0.69% 0.68% 0.66% 0.84% 0.97%
44.42% 44.39% 43.21% 42.59% 42.32% 42.60% 42.64% 42.65% 42.67% 42.68% 42.50% 42.38%
No. of Shareholders 36,63859,88451,99558,35259,54258,83957,82657,23056,30554,75252,65754,361

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Nov 2019
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  • Aug 2019
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  • Feb 2019
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  • Nov 2018
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  • Aug 2018
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  • Jul 2018
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