Kitex Garments Ltd

Kitex Garments Ltd

₹ 244 2.16%
01 Mar 12:47 p.m.
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 in the age group of 0-24 months. [1]

  • Market Cap 1,622 Cr.
  • Current Price 244
  • High / Low 288 / 136
  • Stock P/E 41.6
  • Book Value 131
  • Dividend Yield 0.62 %
  • ROCE 8.87 %
  • ROE 6.81 %
  • Face Value 1.00

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 10.5% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.28.1 Cr.
  • Dividend payout has been low at 14.6% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 93 126 140 154 198 208 114 70 104 132 115 132
Operating Profit 28 18 28 38 49 55 42 27 -2 -6 14 19 33
OPM % 23% 16% 18% 21% 24% 22% 17% 19% -2% -7% 10% 14% 20%
1 2 5 3 5 14 15 9 3 17 2 6 2
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 23 14 28 35 49 60 50 30 -5 5 10 19 28
Tax % 33% 42% 27% 27% 29% 27% 26% 27% 19% 45% 24% 29% 47%
16 8 21 26 35 44 37 22 -4 3 8 13 15
EPS in Rs 2.34 1.24 3.08 3.87 5.22 6.65 5.51 3.26 -0.61 0.51 1.18 2.00 2.27
Raw PDF

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 TTM
511 546 546 557 607 739 455 788 557 542
340 357 376 423 468 607 355 618 496 482
Operating Profit 171 189 170 134 139 132 100 171 61 60
OPM % 34% 35% 31% 24% 23% 18% 22% 22% 11% 11%
13 20 3 2 22 39 4 27 44 28
Interest 21 16 9 6 4 7 3 4 4 5
Depreciation 21 21 22 23 27 26 23 21 21 21
Profit before tax 142 171 142 107 130 138 79 173 79 62
Tax % 30% 34% 35% 35% 37% 25% 31% 28% 28%
99 110 83 64 71 103 54 125 57 39
EPS in Rs 14.82 16.49 12.55 9.56 10.74 15.54 8.16 18.82 8.65 5.96
Dividend Payout % 6% 6% 9% 16% 14% 10% 18% 8% 17%
Compounded Sales Growth
10 Years: %
5 Years: 0%
3 Years: -9%
TTM: -24%
Compounded Profit Growth
10 Years: %
5 Years: -2%
3 Years: -18%
TTM: -60%
Stock Price CAGR
10 Years: 14%
5 Years: 21%
3 Years: 31%
1 Year: 65%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 10%
Last Year: 7%

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 Sep 2023
Equity Capital 5 5 5 7 7 7 7 7 7 7
Reserves 259 360 440 492 557 635 689 806 852 863
161 110 8 8 90 96 0 73 25 341
110 101 102 93 104 98 92 108 251 284
Total Liabilities 535 576 555 600 758 835 787 994 1,134 1,495
188 173 173 172 214 234 227 243 264 254
CWIP 0 1 16 34 40 21 20 12 292 494
Investments 0 2 1 9 0 0 0 0 0 0
347 400 366 385 503 581 540 739 578 747
Total Assets 535 576 555 600 758 835 787 994 1,134 1,495

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
128 135 45 29 9 51 116 -10 295
-30 -10 -41 -51 -79 -26 -8 -46 -415
2 -78 -120 -15 72 -25 -99 60 57
Net Cash Flow 101 47 -116 -38 1 0 10 4 -62

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
Debtor Days 45 64 88 81 99 124 142 145 133
Inventory Days 20 22 76 148 191 148 252 154 161
Days Payable 34 72 85 72 62 54 77 61 58
Cash Conversion Cycle 30 15 79 157 228 218 317 238 237
Working Capital Days 24 31 99 138 188 184 242 211 193
ROCE % 42% 33% 24% 23% 21% 11% 22% 9%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
55.57% 55.57% 55.57% 56.42% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66% 56.66%
0.10% 0.00% 0.03% 0.37% 0.75% 1.02% 0.74% 0.71% 0.69% 0.68% 0.66% 0.84%
44.33% 44.42% 44.39% 43.21% 42.59% 42.32% 42.60% 42.64% 42.65% 42.67% 42.68% 42.50%
No. of Shareholders 36,83036,63859,88451,99558,35259,54258,83957,82657,23056,30554,75252,657

* 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.

Click on the line-items to see the names of individual entities.

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