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Kitex Garments share price

Kitex Garments Ltd.

NSE: KITEX BSE: 521248 SECTOR: Textile  72k   225   31

194.80
-0.45 (-0.23%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 199.95

Today's Low

₹ 194.4

52 Week High

₹ 287.2

52 Week Low

₹ 151.25

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1295.42 Cr.

Enterprise Value

1237.34 Cr.

No. of Shares

6.65 Cr.

P/E

27.91

P/B

1.38

Face Value

₹ 1

Div. Yield

0.77 %

Book Value (TTM)

₹  140.92

CASH

83.08 Cr.

DEBT

25 Cr.

Promoter Holding

56.66 %

EPS (TTM)

₹  6.98

Sales Growth

-29.34%

ROE

6.75 %

ROCE

9.25%

Profit Growth

-53.68 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

Your Added Ratios

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Brands

These are the brands of Kitex Garments Ltd.

Little Star

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-29.34%
3 Year-9%
5 Year-0.01%

Profit Growth

1 Year-53.87%
3 Year-18.34%
5 Year-3.31%

ROE%

1 Year6.75%
3 Year10.46%
5 Year12.65%

ROCE %

1 Year9.25%
3 Year14.14%
5 Year17.07%

Debt/Equity

0.0276

Price to Cash Flow

5.36

Interest Cover Ratio

19.2082653129682

CFO/PAT (5 Yr. Avg.)

0.953440296655995

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 56.66 0
Dec 2023 56.66 0
Sep 2023 56.66 0
Jun 2023 56.66 0
Mar 2023 56.66 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 48.0655 Cr.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 19.2082653129682.
  • Company has a healthy liquidity position with current ratio of 3.31222687412246.
  • The company has a high promoter holding of 56.66%.

 Limitations

  • The company has shown a poor profit growth of -18.2292314868471% for the Past 3 years.
  • The company has shown a poor revenue growth of -9.00272232302701% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 68.22 97.71 145.78 133.96 164.13
Total Expenditure 69.27 101.92 131.29 114.02 131.06
Operating Profit -1.05 -4.21 14.49 19.93 33.07
Other Income 3.44 16.09 2.06 5.52 8.04
Interest 1.86 0.09 0.85 1.75 1.89
Depreciation 5.23 5.14 5.28 5.14 5.2
Exceptional Items 0 0 0 0 0
Profit Before Tax -4.7 6.66 10.42 18.57 34.02
Tax 1.95 2.44 2.43 5.35 13.03
Profit After Tax -6.65 4.22 7.99 13.21 21
Adjusted EPS (Rs) -1 0.63 1.2 1.99 3.16

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 606.8 739.21 455.39 788.33 557
Total Expenditure 467.93 606.93 355 617.45 492.97
Operating Profit 138.87 132.28 100.38 170.87 64.03
Other Income 22.46 44.37 10.1 29.96 43.08
Interest 3.88 7.02 2.54 3.62 4.47
Depreciation 27.26 26.45 23.1 21.44 21.21
Exceptional Items 0 0 0 0 0
Profit Before Tax 130.19 143.17 84.84 175.78 81.42
Tax 48.73 34.5 24.94 47.5 22
Net Profit 81.46 108.67 59.9 128.28 59.18
Adjusted EPS (Rs.) 12.25 16.34 9.01 19.29 8.94

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 6.65 6.65 6.65 6.65 6.65
Total Reserves 584.79 668.51 728.54 848.08 898.24
Borrowings 0 0 0 0 0
Other N/C liabilities 27.86 22.71 21.36 19.17 14.33
Current liabilities 241.38 244.6 132.72 224.86 157.12
Total Liabilities 860.68 942.47 889.28 1098.75 1076.34
Assets
Net Block 164.38 169.44 151.53 151.86 133.89
Capital WIP 37.64 20.31 20.09 11.62 20.43
Intangible WIP 2.23 0.32 0.01 0 0
Investments 29.23 35.36 35.37 32.99 297.95
Loans & Advances 61.39 83.47 86.61 148.58 103.67
Other N/C Assets 0 4.69 10.11 0 0
Current Assets 565.81 628.87 585.57 753.7 520.4
Total Assets 860.68 942.47 889.28 1098.75 1076.34
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 130.19 143.17 84.84 175.78 81.42
Adjustment 27.75 12.48 12.78 6.44 23.13
Changes in Assets & Liabilities -111.39 -44.26 38.53 -142.45 166.13
Tax Paid -36.86 -52.48 -19.8 -49.22 -28.85
Operating Cash Flow 9.69 58.91 116.36 -9.45 241.84
Investing Cash Flow -80.38 -34.35 -7.89 -46.98 -244.05
Financing Cash Flow 72.07 -24.82 -98.77 59.91 -62.98
Net Cash Flow 1.38 -0.26 9.7 3.47 -65.19

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 56.66 56.66 56.66 56.66 56.66
boby m jacob 0.05 0.05 0.05 0.05 0.05
kitex childrenswear limit... 15.92 15.92 15.92 15.92 15.92
renjitha joseph 6.51 6.51 6.51 6.51 6.51
sabu m jacob 34.18 34.18 34.18 34.18 34.18
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 43.34 43.34 43.34 43.34 43.34
c k g finance private lim... 1.38 1.38 1.38 1.38 1.38
c k g super market limite... 5.41 5.41 5.41 5.41 5.41
investor education and pr... 0.73 0.73 0.77 - 0.88
usha c p - - - 5.57 5.26
camel foods pvt ltd. - - - 1.05 -
investor education and pr... - - - 0.88 -
gopinathan c k 5.44 5.38 5.46 - -

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Kitex Garments informs about certificate18 Apr 2024, 11:08AM Kitex Garments informs about closure of trading window26 Mar 2024, 2:42PM Kitex Garments informs about newspaper publication1 Feb 2024, 5:25PM Kitex Garments - Quaterly Results31 Jan 2024, 2:18PM Kitex Garments - Quaterly Results31 Jan 2024, 2:18PM Kitex Garments - Quaterly Results31 Jan 2024, 2:18PM Kitex Garments informs about board meeting 22 Jan 2024, 11:01AM Kitex Garments informs about certificate6 Jan 2024, 11:04AM Kitex Garments - Quaterly Results6 Nov 2023, 12:00PM Kitex Garments - Quaterly Results6 Nov 2023, 12:00PM Kitex Garments - Quaterly Results6 Nov 2023, 12:00PM Kitex Garments informs about board meeting 26 Oct 2023, 1:10PM Kitex Garments - Quaterly Results11 Aug 2023, 11:49AM Kitex Garments - Quaterly Results11 Aug 2023, 11:49AM Kitex Garments - Quaterly Results30 May 2023, 4:18PM Kitex Garments - Quaterly Results30 May 2023, 4:18PM Kitex Garments informs about updates19 Apr 2023, 2:37PM Kitex Garments - Quaterly Results14 Feb 2023, 4:44PM Kitex Garments - Quaterly Results14 Feb 2023, 4:44PM Kitex Garments informs about details of loss of certificate 28 Jan 2023, 10:56AM Kitex Garments informs about newspaper advertisement20 Jan 2023, 3:38PM Kitex Garments informs about loss of share certificate 20 Jan 2023, 3:37PM Kitex Garments informs about trading window closure27 Dec 2022, 5:26PM Kitex Garments informs about details of loss of certificate3 Dec 2022, 12:12PM Kitex Garments - Quaterly Results12 Nov 2022, 5:35PM Kitex Garments - Quaterly Results12 Nov 2022, 5:35PM Kitex Garments informs about details of loss of certificate 18 Oct 2022, 4:13PM Kitex Garments informs about closure of trading window26 Sep 2022, 5:09PM Kitex Garments informs about loss of share certificate 19 Sep 2022, 4:36PM Kitex Garments informs about newspaper publication13 Sep 2022, 4:52PM Kitex Garments - Quaterly Results13 Aug 2022, 12:36PM Kitex Garments informs about press release8 Aug 2022, 4:13PM Kitex Garments informs about newspaper advertisement 12 Jul 2022, 4:27PM Kitex Garments informs about loss of share certificate6 Jul 2022, 4:45PM Kitex Garments informs about closure of trading window25 Jun 2022, 2:59PM Kitex Garments informs about annual secretarial compliance report28 May 2022, 3:10PM Kitex Garments informs about disclosure26 May 2022, 3:29PM Kitex Garments - Quaterly Results19 May 2022, 2:04PM Kitex Garments - Quaterly Results19 May 2022, 2:04PM Kitex Garments - Quaterly Results19 May 2022, 2:04PM Kitex Garments informs about credit rating30 Apr 2022, 12:34PM Kitex Garments informs about closure of trading window25 Mar 2022, 4:59PM Kitex Garments informs about newspaper advertisement21 Mar 2022, 12:27PM Kitex Garments informs about postal ballot notice19 Mar 2022, 11:28AM Kitex Garments informs about loss of share certificate4 Mar 2022, 11:44AM Kitex Garments’ total revenue stands at Rs 205 crore during Q3FY22 5 Jan 2022, 3:08PM Kitex Garments informs about update4 Jan 2022, 12:01PM Kitex Garments informs about disclosure1 Jan 2022, 3:32PM Kitex Garments informs about disclosure26 Nov 2021, 2:49PM Kitex Garments informs about disclosure 22 Nov 2021, 5:26PM

Kitex Garments Stock Price Analysis and Quick Research Report. Is Kitex Garments an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Kitex Garments has a PE ratio of 28.2736389684814 which is high and comparatively overvalued .

  • Share Price: - The current share price of Kitex Garments is Rs 197.35. One can use valuation calculators of ticker to know if Kitex Garments share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Kitex Garments has ROA of 5.46351770812189 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Kitex Garments has a Current ratio of 3.31222687412246 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Kitex Garments has a ROE of 6.75353592471091 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Kitex Garments has a D/E ratio of 0.0276 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Kitex Garments has an Inventory turnover ratio of 4.10358429250173 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Kitex Garments has reported revenue growth of -29.3447285857935 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Kitex Garments for the current financial year is 11.4949941247281 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Kitex Garments is Rs 1.5 and the yield is 0.7665 %.

Last Updated on:
Brief about Kitex Garments
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