Kitex Garments Ltd

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

  • Market Cap: 707.23 Cr.
  • Current Price: 106.20
  • 52 weeks High / Low 171.10 / 70.05
  • Book Value: 90.47
  • Stock P/E: 6.43
  • Dividend Yield: 1.41 %
  • ROCE: 23.09 %
  • ROE: 13.46 %
  • Sales Growth (3Yrs): 3.59 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Stock is trading at 1.17 times its book value
Cons:
Dividend payout has been low at 12.73% of profits over last 3 years

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

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
123 168 136 180 146 196 251
95 132 111 136 116 157 198
Operating Profit 28 36 25 44 30 39 53
OPM % 22% 21% 19% 24% 20% 20% 21%
Other Income 9 13 4 2 1 11 6
Interest 0 1 1 1 1 1 2
Depreciation 7 7 7 7 7 7 7
Profit before tax 30 41 21 37 23 42 50
Tax % 38% 37% 42% 35% 39% 13% 31%
Net Profit 13 22 12 24 14 37 35
EPS in Rs 1.88 3.36 1.86 3.61 2.10 5.53 5.26
Notes Notes Notes Notes Notes Notes Notes

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

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
511 546 546 557 607 773
340 357 376 423 468 607
Operating Profit 171 189 170 134 139 165
OPM % 34% 35% 31% 24% 23% 21%
Other Income 13 20 3 2 22 20
Interest 21 16 9 6 4 6
Depreciation 21 21 22 23 27 27
Profit before tax 142 171 142 107 130 152
Tax % 30% 34% 35% 35% 37%
Net Profit 99 110 83 64 71 110
EPS in Rs 14.63 16.28 12.44 9.56 10.74 16.50
Dividend Payout % 6% 6% 9% 16% 14%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:3.59%
TTM:8.89%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-13.32%
TTM:12.24%
Stock Price CAGR
10 Years:18.54%
5 Years:-32.11%
3 Years:-27.03%
1 Year:12.98%
Return on Equity
10 Years:%
5 Years:%
3 Years:15.55%
Last Year:13.46%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
5 5 5 7 7 7
Reserves 259 360 440 492 557 595
Borrowings 161 110 8 8 90 92
110 101 102 93 104 135
Total Liabilities 535 576 555 600 758 828
188 173 173 172 214 231
CWIP 0 1 16 34 40 18
Investments 0 2 1 9 0 0
347 400 366 385 503 579
Total Assets 535 576 555 600 758 828

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
128 135 45 29 9
-30 -10 -41 -51 -79
2 -78 -120 -15 72
Net Cash Flow 101 47 -116 -38 1

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 42% 33% 24% 23%
Debtor Days 45 64 88 81 99
Inventory Turnover 18.91 8.00 3.72 2.51

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
54.24 54.24 54.80 54.82 54.87 54.96 55.27 55.27 55.46 55.57 55.57 55.57
4.47 4.74 4.93 4.71 2.40 1.80 1.58 1.63 1.45 0.10 0.11 0.10
0.06 0.18 0.05 0.15 0.13 0.11 0.11 0.10 0.11 0.03 0.11 0.13
41.23 40.83 40.21 40.32 42.60 43.13 43.04 43.00 42.98 44.30 44.20 44.20