Kewal Kiran Clothing Ltd

Kewal Kiran Clothing Ltd

₹ 748 -0.66%
01 Mar 12:36 p.m.
About

Kewal Kiran Clothing Limited was incorporated in 1992. The Company is engaged in manufacturing, marketing and retailing of branded readymade garments and finished accessories. The company has consumers in Asia, Middle East and CIS (Commonwealth of Independent States). Its registered office is in Mumbai. [1][2]

Key Points

Brand Portfolio
The Co. caters to multiple categories including apparel and accessories with a strong portfolio of owned brands such as Killer, Integriti, Lawman Pg3, Easies, and Desi Belle & Addiction Accessories. [1]

  • Market Cap 4,610 Cr.
  • Current Price 748
  • High / Low 827 / 384
  • Stock P/E 31.0
  • Book Value 106
  • Dividend Yield 0.66 %
  • ROCE 26.2 %
  • ROE 21.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 105%
  • Debtor days have improved from 113 to 79.6 days.

Cons

  • Stock is trading at 7.11 times its book value
  • The company has delivered a poor sales growth of 11.1% over past five 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

Standalone Figures in Rs. Crores / View Consolidated

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
118 111 92 175 171 170 155 226 199 199 178 262 200
105 101 84 143 144 137 125 176 166 160 144 201 161
Operating Profit 13 10 8 32 28 32 29 50 34 39 34 62 39
OPM % 11% 9% 9% 18% 16% 19% 19% 22% 17% 20% 19% 24% 19%
4 3 4 6 4 4 0 6 7 8 11 8 9
Interest 1 1 1 1 1 1 1 1 2 2 2 1 1
Depreciation 2 2 2 2 2 2 2 2 2 2 2 3 3
Profit before tax 15 10 9 35 29 33 26 52 36 42 41 66 44
Tax % 27% 19% 2% 23% 25% 24% 18% 25% 25% 26% 18% 25% 25%
11 8 9 27 21 25 22 39 27 32 34 50 33
EPS in Rs 1.76 1.34 1.39 4.39 3.46 4.02 3.50 6.35 4.38 5.13 5.49 8.08 5.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
294 294 363 398 444 466 460 503 530 303 608 779 841
221 220 270 301 340 368 362 391 435 284 508 628 667
Operating Profit 73 74 93 97 104 99 98 112 95 19 100 152 174
OPM % 25% 25% 26% 24% 23% 21% 21% 22% 18% 6% 16% 19% 21%
12 12 12 8 7 17 21 22 18 17 17 20 36
Interest 3 3 3 3 3 3 5 7 9 7 5 6 6
Depreciation 6 6 5 4 4 5 6 8 8 7 7 9 10
Profit before tax 76 77 97 98 104 108 109 119 96 22 105 157 195
Tax % 32% 31% 31% 32% 34% 31% 33% 33% 24% 13% 22% 24%
52 53 67 66 68 75 73 80 73 19 82 119 149
EPS in Rs 8.46 8.67 10.88 10.75 11.03 12.11 11.89 13.04 11.86 3.15 13.25 19.36 24.10
Dividend Payout % 40% 40% 39% 47% 109% 31% 56% 52% 73% 146% 143% 26%
Compounded Sales Growth
10 Years: 10%
5 Years: 11%
3 Years: 14%
TTM: 12%
Compounded Profit Growth
10 Years: 8%
5 Years: 9%
3 Years: 15%
TTM: 32%
Stock Price CAGR
10 Years: 14%
5 Years: 26%
3 Years: 61%
1 Year: 88%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 15%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 12 12 12 12 12 12 62 62 62
Reserves 213 242 278 307 286 362 387 418 434 421 417 486 556
15 14 12 11 29 41 48 93 91 50 82 66 65
45 56 68 79 96 98 109 122 99 100 183 204 199
Total Liabilities 285 324 371 410 424 513 557 646 637 582 743 817 882
43 44 43 54 60 65 70 82 83 82 86 101 105
CWIP 1 1 0 4 3 7 9 2 3 1 1 1 2
Investments 32 122 167 178 161 205 230 236 195 131 146 158 178
209 159 161 174 200 236 248 325 356 368 510 557 598
Total Assets 285 324 371 410 424 513 557 646 637 582 743 817 882

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
37 66 42 75 47 80 56 -0 51 97 57 75
-14 -79 -37 -24 10 -9 -14 3 46 62 -7 -10
-26 -28 -31 -42 -79 -27 -46 -11 -70 -85 -32 -55
Net Cash Flow -3 -41 -27 9 -22 43 -4 -8 26 74 17 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 63 59 64 71 90 83 96 129 118 158 103 80
Inventory Days 104 115 138 123 156 128 146 262 267 168 376 493
Days Payable 51 78 78 93 131 99 120 141 148 122 178 143
Cash Conversion Cycle 115 97 123 101 114 112 121 250 237 205 301 430
Working Capital Days 71 43 56 48 74 51 62 111 122 116 72 73
ROCE % 35% 30% 32% 30% 31% 30% 26% 26% 20% 6% 19% 26%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.26% 74.26% 74.26% 74.26%
9.46% 9.46% 9.51% 1.33% 1.66% 1.87% 3.95% 3.48% 2.44% 2.62% 2.60% 2.53%
11.76% 10.78% 9.76% 6.01% 6.01% 5.90% 5.60% 5.76% 5.95% 6.53% 7.99% 8.62%
4.53% 5.51% 6.48% 18.40% 18.08% 17.98% 16.21% 16.51% 17.34% 16.58% 15.14% 14.59%
No. of Shareholders 5,7926,6838,49731,34729,02625,40625,66235,08330,94229,34230,26332,016

* 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.

Documents

Concalls