Kitex Garments Ltd

₹ 281 0.29%

30 Jun - 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 ₹ 5,613 Cr.
Current Price ₹ 281
High / Low ₹ 324 / 69.8
Stock P/E 36.7
Book Value ₹ 55.4
Dividend Yield 0.18 %
ROCE 19.1 %
ROE 14.8 %
Face Value ₹ 1.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 5.08 times its book value
The company has delivered a poor sales growth of 5.86% over past five years.
Company has a low return on equity of 9.85% over last 3 years.
Dividend payout has been low at 10.5% 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 SmallCap BSE Allcap BSE Consumer Discretionary

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	254	249	142	68	98	146	134	164	173	190	216	276	300
	198	207	114	69	102	131	114	131	138	149	160	223	252
Operating Profit	55	42	27	-1	-4	14	20	33	35	42	56	54	48
OPM %	22%	17%	19%	-2%	-4%	10%	15%	20%	20%	22%	26%	19%	16%
	14	15	9	3	16	2	6	8	9	5	5	12	15
Interest	3	1	1	2	0	1	2	2	3	2	3	4	5
Depreciation	5	5	5	5	5	5	5	5	5	5	4	4	3
Profit before tax	60	50	30	-5	7	10	19	34	36	40	54	58	55
Tax %	27%	26%	16%	41%	37%	23%	29%	38%	28%	24%	25%	25%	29%
	44	37	25	-7	4	8	13	21	26	30	40	43	40
EPS in Rs	2.22	1.84	1.26	-0.33	0.21	0.40	0.66	1.05	1.30	1.50	2.00	2.18	1.99
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	442	511	546	546	557	607	739	455	788	557	617	983
	345	340	357	376	423	468	607	355	617	493	514	783
Operating Profit	97	171	189	170	134	139	132	100	171	64	102	200
OPM %	22%	34%	35%	31%	24%	23%	18%	22%	22%	11%	17%	20%
	13	13	20	3	2	22	44	10	30	43	25	37
Interest	12	21	16	9	6	4	7	3	4	4	7	14
Depreciation	10	21	21	22	23	27	26	23	21	21	21	16
Profit before tax	88	142	171	142	107	130	143	85	176	81	99	207
Tax %	35%	30%	34%	35%	35%	37%	24%	29%	27%	27%	31%	26%
	57	99	112	92	70	81	109	60	128	59	68	153
EPS in Rs	2.88	4.94	5.62	4.62	3.51	4.08	5.45	3.00	6.43	2.98	3.42	7.67
Dividend Payout %	8%	6%	6%	8%	14%	12%	9%	17%	8%	17%	15%	0%

Compounded Sales Growth
10 Years:	7%
5 Years:	6%
3 Years:	8%
TTM:	59%

Compounded Profit Growth
10 Years:	4%
5 Years:	7%
3 Years:	6%
TTM:	124%

Stock Price CAGR
10 Years:	1%
5 Years:	51%
3 Years:	57%
1 Year:	296%

Return on Equity
10 Years:	14%
5 Years:	11%
3 Years:	10%
Last Year:	15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5	5	5	5	7	7	7	7	7	7	7	20
Reserves	169	259	363	451	510	585	669	729	848	898	956	1,086
	134	161	110	8	8	90	96	0	73	25	77	163
	95	110	101	102	93	104	97	92	108	80	106	126
Total Liabilities	404	535	579	566	617	786	868	827	1,036	1,010	1,146	1,394
	181	188	173	173	172	164	169	152	152	134	114	102
CWIP	1	0	1	16	34	40	21	20	12	20	26	34
Investments	0	0	5	12	27	29	35	35	33	298	333	455
	222	347	400	366	385	552	643	620	840	557	672	803
Total Assets	404	535	579	566	617	786	868	827	1,036	1,010	1,146	1,394

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	115	128	135	45	29	10	59	116	-9	242	-30	78
	-72	-30	-10	-41	-51	-80	-34	-8	-47	-244	-2	-151
	18	2	-78	-120	-15	72	-25	-99	60	-63	37	62
Net Cash Flow	62	101	47	-116	-38	1	-0	10	3	-65	5	-11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	44	45	64	88	81	99	124	142	145	133	152	126
Inventory Days	17	20	22	76	148	191	148	252	154	161	235	164
Days Payable	38	34	72	85	72	62	54	77	61	57	75	64
Cash Conversion Cycle	23	30	15	79	157	228	218	317	238	237	312	226
Working Capital Days	23	24	31	99	138	188	185	242	217	200	241	188
ROCE %	38%	45%	42%	32%	23%	22%	21%	12%	22%	9%	11%	19%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%
	1.02%	0.74%	0.71%	0.69%	0.68%	0.66%	0.84%	0.97%	0.82%	0.74%	1.10%	0.90%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.40%	0.87%
	42.32%	42.60%	42.64%	42.65%	42.67%	42.68%	42.50%	42.38%	42.52%	42.61%	41.85%	41.58%
No. of Shareholders	59,542	58,839	57,826	57,230	56,305	54,752	52,657	54,361	53,487	55,863	68,465	79,057

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	54.24%	54.80%	55.27%	55.57%	55.57%	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%
	0.35%	0.05%	0.11%	0.11%	0.00%	0.00%	0.00%	0.00%	0.87%
	40.60%	40.21%	43.04%	44.20%	44.33%	42.59%	42.65%	42.38%	41.58%
No. of Shareholders	29,122	37,134	35,989	32,947	36,830	58,352	57,230	54,361	79,057

* 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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