Kitex Garments Ltd

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

Pros:
Stock is trading at 1.03 times its book value
Cons:
Company might be capitalizing the interest cost
Dividend payout has been low at 12.73% of profits over last 3 years

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

Loading peers table ...

Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
123 168 136 180 146 196
95 132 105 136 116 157
Operating Profit 28 36 31 44 30 39
OPM % 22% 21% 23% 24% 20% 20%
Other Income 9 13 -2 2 1 11
Interest 0 1 1 1 1 1
Depreciation 7 7 7 7 7 7
Profit before tax 30 41 21 37 23 42
Tax % 38% 37% 42% 35% 39% 13%
Net Profit 13 22 12 24 14 37
EPS in Rs 1.88 3.36 1.85 3.61 2.10 5.53
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
511 546 546 557 607 658
340 357 376 423 468 514
Operating Profit 171 189 170 134 139 144
OPM % 34% 35% 31% 24% 23% 22%
Other Income 13 20 3 2 22 12
Interest 21 16 9 6 4 5
Depreciation 21 21 22 23 27 27
Profit before tax 142 171 142 107 130 123
Tax % 30% 34% 35% 35% 37%
Net Profit 99 110 83 64 71 87
EPS in Rs 14.63 16.28 12.44 9.56 10.74 13.09
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:16.42%
5 Years:-24.78%
3 Years:-31.48%
1 Year:-17.23%
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
111 103 105 97 108 135
Total Liabilities 536 578 558 604 761 828
188 173 173 172 214 231
CWIP 0 1 16 34 40 18
Investments 0 2 1 9 0 0
348 402 369 390 507 579
Total Assets 536 578 558 604 761 828

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 45.07 20.40 8.69 5.60