Kitex Garments Ltd

₹ 667 5.00%

21 Nov - 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

Market Cap ₹ 4,423 Cr.
Current Price ₹ 667
High / Low ₹ 679 / 177
Stock P/E 45.1
Book Value ₹ 144
Dividend Yield 0.22 %
ROCE 6.92 %
ROE 6.33 %
Face Value ₹ 1.00

Add ratio to table

Edit ratios

Pros

Company is expected to give good quarter

Cons

Stock is trading at 4.62 times its book value
The company has delivered a poor sales growth of 0.33% over past five years.
Company has a low return on equity of 9.62% over last 3 years.
Company might be capitalizing the interest cost
Dividend payout has been low at 14.3% of profits over last 3 years
Company has high debtors of 152 days.

* 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

Sector: Readymade Garments/ Apparells Industry: Textiles - Products

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	178	203	254	249	142	68	98	146	134	164	173	190	216
	140	154	198	208	114	70	104	132	115	132	139	150	161
Operating Profit	38	49	55	42	27	-2	-6	14	19	33	35	40	55
OPM %	21%	24%	22%	17%	19%	-2%	-7%	10%	14%	20%	20%	21%	25%
	3	5	14	15	9	3	17	2	6	2	3	3	3
Interest	0	0	3	1	1	2	0	1	2	2	3	2	3
Depreciation	5	5	5	5	5	5	5	5	5	5	5	5	4
Profit before tax	35	49	60	50	30	-5	5	10	19	28	30	36	50
Tax %	27%	29%	27%	26%	27%	-19%	45%	24%	29%	47%	34%	27%	27%
	26	35	44	37	22	-4	3	8	13	15	20	27	37
EPS in Rs	3.87	5.22	6.65	5.51	3.26	-0.61	0.51	1.18	2.00	2.27	3.03	4.11	5.62
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	Mar 2024	TTM
	511	546	546	557	607	739	455	788	557	617	744
	340	357	376	423	468	607	355	618	496	516	581
Operating Profit	171	189	170	134	139	132	100	171	61	101	162
OPM %	34%	35%	31%	24%	23%	18%	22%	22%	11%	16%	22%
	13	20	3	2	22	39	4	27	44	14	12
Interest	21	16	9	6	4	7	3	4	4	7	10
Depreciation	21	21	22	23	27	26	23	21	21	21	19
Profit before tax	142	171	142	107	130	138	79	173	79	87	144
Tax %	30%	34%	35%	35%	37%	25%	31%	28%	28%	36%
	99	110	83	64	71	103	54	125	57	56	98
EPS in Rs	14.82	16.49	12.55	9.56	10.74	15.54	8.16	18.82	8.65	8.47	15.03
Dividend Payout %	6%	6%	9%	16%	14%	10%	18%	8%	17%	18%

Compounded Sales Growth
10 Years:	%
5 Years:	0%
3 Years:	11%
TTM:	67%

Compounded Profit Growth
10 Years:	%
5 Years:	-5%
3 Years:	1%
TTM:	391%

Stock Price CAGR
10 Years:	6%
5 Years:	48%
3 Years:	59%
1 Year:	221%

Return on Equity
10 Years:	%
5 Years:	11%
3 Years:	10%
Last Year:	6%

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	Sep 2024
Equity Capital	5	5	5	7	7	7	7	7	7	7	7
Reserves	259	360	440	492	557	635	689	806	852	898	953
	161	110	8	8	90	96	0	73	25	681	878
	110	101	102	93	104	98	92	108	251	339	437
Total Liabilities	535	576	555	600	758	835	787	994	1,134	1,925	2,274
	188	173	173	172	214	234	227	243	264	244	236
CWIP	0	1	16	34	40	21	20	12	292	886	1,103
Investments	0	2	1	9	0	0	0	0	0	0	0
	347	400	366	385	503	581	540	739	578	795	935
Total Assets	535	576	555	600	758	835	787	994	1,134	1,925	2,274

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
	128	135	45	29	9	51	116	-10	295	-38
	-30	-10	-41	-51	-79	-26	-8	-46	-415	-607
	2	-78	-120	-15	72	-25	-99	60	57	650
Net Cash Flow	101	47	-116	-38	1	0	10	4	-62	4

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
Debtor Days	45	64	88	81	99	124	142	145	133	152
Inventory Days	20	22	76	148	191	148	252	154	161	235
Days Payable	34	72	85	72	62	54	77	61	58	79
Cash Conversion Cycle	30	15	79	157	228	218	317	238	237	308
Working Capital Days	24	31	99	138	188	184	242	211	193	253
ROCE %		42%	33%	24%	23%	21%	11%	22%	9%	7%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	56.42%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%
	0.37%	0.75%	1.02%	0.74%	0.71%	0.69%	0.68%	0.66%	0.84%	0.97%	0.82%	0.74%
	43.21%	42.59%	42.32%	42.60%	42.64%	42.65%	42.67%	42.68%	42.50%	42.38%	42.52%	42.61%
No. of Shareholders	51,995	58,352	59,542	58,839	57,826	57,230	56,305	54,752	52,657	54,361	53,487	55,863

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	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%	0.74%
	0.35%	0.05%	0.11%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%
	40.60%	40.21%	43.04%	44.20%	44.33%	42.59%	42.65%	42.38%	42.61%
No. of Shareholders	29,122	37,134	35,989	32,947	36,830	58,352	57,230	54,361	55,863

* 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

Announcements

All

Annual reports

Credit ratings

Concalls

Sep 2024

Transcript

Notes
PPT
Sep 2024

Transcript

Notes
PPT
Nov 2019

Transcript

Notes
PPT
Aug 2019

Transcript

Notes
PPT
Feb 2019

Transcript

Notes
PPT
Nov 2018

Transcript

Notes
PPT
Aug 2018

Transcript

Notes
PPT
Jul 2018

Transcript

Notes
PPT