Kitex Garments Ltd

₹ 288 1.02%

10 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 - BE

Market Cap ₹ 5,742 Cr.
Current Price ₹ 288
High / Low ₹ 324 / 67.5
Stock P/E 42.3
Book Value ₹ 51.8
Dividend Yield 0.17 %
ROCE 10.2 %
ROE 14.0 %
Face Value ₹ 1.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 5.56 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 9.25% over last 3 years.
Company might be capitalizing the interest cost
Dividend payout has been low at 11.7% 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

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

Consolidated Figures in Rs. Crores / View Standalone

	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	208	114	70	104	132	115	132	139	150	161	222	249
Operating Profit	55	42	27	-2	-6	14	19	33	35	40	55	54	51
OPM %	22%	17%	19%	-2%	-7%	10%	14%	20%	20%	21%	25%	20%	17%
	14	15	9	3	17	2	6	2	3	3	3	8	5
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	5	10	19	28	30	36	50	55	48
Tax %	27%	26%	27%	-19%	45%	24%	29%	47%	34%	27%	27%	27%	33%
	44	37	22	-4	3	8	13	15	20	27	37	41	32
EPS in Rs	2.22	1.84	1.09	-0.20	0.17	0.39	0.67	0.76	1.01	1.37	1.87	2.06	1.66
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	511	546	546	557	607	739	455	788	557	617	983
	340	357	376	423	468	607	355	618	496	516	782
Operating Profit	171	189	170	134	139	132	100	171	61	101	201
OPM %	34%	35%	31%	24%	23%	18%	22%	22%	11%	16%	20%
	13	20	3	2	22	39	4	27	44	14	19
Interest	21	16	9	6	4	7	3	4	4	7	14
Depreciation	21	21	22	23	27	26	23	21	21	21	16
Profit before tax	142	171	142	107	130	138	79	173	79	87	190
Tax %	30%	34%	35%	35%	37%	25%	31%	28%	28%	36%	28%
	99	110	83	64	71	103	54	125	57	56	136
EPS in Rs	4.94	5.50	4.18	3.19	3.58	5.18	2.72	6.27	2.88	2.82	6.95
Dividend Payout %	6%	6%	9%	16%	14%	10%	18%	8%	17%	18%	0%

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

Compounded Profit Growth
10 Years:	3%
5 Years:	6%
3 Years:	3%
TTM:	143%

Stock Price CAGR
10 Years:	3%
5 Years:	52%
3 Years:	49%
1 Year:	322%

Return on Equity
10 Years:	13%
5 Years:	10%
3 Years:	9%
Last Year:	14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	7	7	7	7	7	7	7	20
Reserves	259	360	440	492	557	635	689	806	852	898	1,013
	161	110	8	8	90	96	0	73	25	681	1,082
	110	101	102	93	104	98	92	108	251	339	471
Total Liabilities	535	576	555	600	758	835	787	994	1,134	1,925	2,587
	188	173	173	172	214	234	227	243	264	244	232
CWIP	0	1	16	34	40	21	20	12	292	886	1,391
Investments	0	2	1	9	0	0	0	0	0	0	0
	347	400	366	385	503	581	540	739	578	795	964
Total Assets	535	576	555	600	758	835	787	994	1,134	1,925	2,587

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	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	9	51	116	-10	295	-38	54
	-30	-10	-41	-51	-79	-26	-8	-46	-415	-607	-455
	2	-78	-120	-15	72	-25	-99	60	57	650	390
Net Cash Flow	101	47	-116	-38	1	0	10	4	-62	4	-10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	45	64	88	81	99	124	142	145	133	152	126
Inventory Days	20	22	76	148	191	148	252	154	161	235	165
Days Payable	34	72	85	72	62	54	77	61	58	79	67
Cash Conversion Cycle	30	15	79	157	228	218	317	238	237	308	224
Working Capital Days	24	31	99	138	188	184	242	211	193	253	198
ROCE %		42%	33%	24%	23%	21%	11%	22%	9%	7%	10%

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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