Kitex Garments Ltd
KITEXKitex Garments Ltd
KITEX![](https://assets.tickertape.in/sector-icons/consumer_discretionary.png)
![](https://assets.tickertape.in/sector-icons/smallcap.png)
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Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
AvgThe stock has a moderate number of red flags
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
31.87 | 2.47 | 0.41% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
42.90 | 7.28 | 0.47% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Kitex Garments Limited is engaged in the manufacture of fabric and readymade garments.
Peers
Compare with peersPage Industries Ltd
Raymond Ltd
Safari Industries (India) Ltd
Arvind Ltd
Campus Activewear Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 565.64 | 549.36 | 559.92 | 629.27 | 778.40 | 459.70 | 815.22 | 601.06 | 631.17 | 676.15 | ||||||||||
Raw Materials | 214.24 | 210.96 | 254.05 | 282.81 | 317.06 | 195.25 | 374.31 | 240.26 | 516.41 | 534.67 | ||||||||||
Power & Fuel Cost | 17.54 | 18.85 | 22.07 | 25.57 | 26.89 | 19.28 | 31.65 | 28.76 | ||||||||||||
Employee Cost | 83.62 | 91.99 | 92.61 | 105.09 | 121.49 | 77.26 | 114.26 | 109.07 | ||||||||||||
Selling & Administrative Expenses | 12.99 | 8.85 | 19.75 | 24.83 | 31.19 | 10.50 | 21.61 | 20.35 | ||||||||||||
Operating & Other expenses | 28.76 | 45.41 | 34.74 | 29.83 | 110.42 | 52.83 | 75.75 | 97.67 | ||||||||||||
EBITDA | 208.49 | 173.30 | 136.70 | 161.14 | 171.35 | 104.58 | 197.64 | 104.95 | 114.76 | 141.48 | ||||||||||
Depreciation/Amortization | 21.27 | 21.83 | 23.40 | 27.26 | 26.45 | 23.10 | 21.44 | 21.21 | 20.71 | 20.11 | ||||||||||
PBIT | 187.22 | 151.47 | 113.30 | 133.88 | 144.90 | 81.48 | 176.20 | 83.74 | 94.05 | 121.37 | ||||||||||
Interest & Other Items | 16.15 | 9.27 | 5.81 | 3.88 | 7.02 | 2.56 | 3.62 | 4.47 | 7.33 | 8.57 | ||||||||||
PBT | 171.07 | 142.20 | 107.49 | 130.00 | 137.88 | 78.92 | 172.58 | 79.27 | 86.72 | 112.80 | ||||||||||
Taxes & Other Items | 61.36 | 58.75 | 43.94 | 58.55 | 34.50 | 24.65 | 47.46 | 21.70 | 30.39 | 37.02 | ||||||||||
Net Income | 109.71 | 83.45 | 63.55 | 71.45 | 103.38 | 54.27 | 125.12 | 57.57 | 56.33 | 75.78 | ||||||||||
EPS | 16.50 | 12.55 | 9.56 | 10.74 | 15.55 | 8.16 | 18.82 | 8.66 | 8.47 | 11.40 | ||||||||||
DPS | 1.07 | 1.07 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | ||||||||||
Payout ratio | 0.06 | 0.09 | 0.16 | 0.14 | 0.10 | 0.18 | 0.08 | 0.17 | 0.18 | 0.13 |
Company Updates
Peers & Comparison
Consumer DiscretionaryApparel & Accessories
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Kitex Garments Ltd | 42.87 | 2.47 | 0.41% |
Page Industries Ltd | 81.84 | 29.17 | 0.89% |
Raymond Ltd | 8.08 | 2.62 | 0.50% |
Safari Industries (India) Ltd | 65.35 | 13.95 | 0.17% |
Price Comparison
Compare KITEX with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
KITEX has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.41%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.13 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 22, 2023
Dividend/Share
₹1.50
Ex DateEx Date
Sep 22, 2023
Cash Dividend
Ex DateEx DateAug 19, 2022
Dividend/Share
₹1.50
Ex DateEx Date
Aug 19, 2022
Cash Dividend
Ex DateEx DateAug 30, 2021
Dividend/Share
₹1.50
Ex DateEx Date
Aug 30, 2021
Cash Dividend
Ex DateEx DateFeb 18, 2020
Dividend/Share
₹1.50
Ex DateEx Date
Feb 18, 2020
Cash Dividend
Ex DateEx DateAug 19, 2019
Dividend/Share
₹1.50
Ex DateEx Date
Aug 19, 2019
Net profit of Kitex Garments rose 247.58% to Rs 27.32 crore in the quarter ended June 2024 as against Rs 7.86 crore during the previous quarter ended June 2023. Sales rose 30.64% to Rs 190.44 crore in the quarter ended June 2024 as against Rs 145.78 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales190.44145.78 31 OPM %21.209.59 - PBDT41.0015.52 164 PBT36.3110.24 255 NP27.327.86 248 Powered by Capital Market - Live
Kitex Garments will hold a meeting of the Board of Directors of the Company on 14 August 2024.Powered by Capital Market - Live
Kitex Garments Consolidated June 2023 Net Sales at Rs 145.78 crore, down 41.55% Y-o-Y
![](https://pocket-image-cache.com/direct?url=http://images.moneycontrol.com/static-mcnews/2017/04/shutterstock_310523045-462x435.jpg)
Kitex Garments Standalone June 2023 Net Sales at Rs 145.78 crore, down 41.55% Y-o-Y
![](https://pocket-image-cache.com/direct?url=http://images.moneycontrol.com/static-mcnews/2017/04/shutterstock_310523045-462x435.jpg)
Kerala’s Kitex Garments to ramp up investment in TS to ₹3,000 cr.
![](https://pocket-image-cache.com/direct?url=http://th-i.thgim.com/public/news/national/telangana/w2rens/article66592455.ece/alternates/LANDSCAPE_1200/07.03.2023%20Kitex%20Sabu%20Jacob.jpg)
Farmers oppose land acquisition for Kitex garments unit
![](https://www.thehindu.com/theme/images/og-image.png)
Kitex Garments shares tank 14% as company reports net loss in Q3, revenue slips 67%
![](https://pocket-image-cache.com/direct?url=http://akm-img-a-in.tosshub.com/businesstoday/images/story/202302/shutterstock_1747643729-750x406-sixteen_nine.jpg)
Kitex Garments Ltd leads losers in ‘A’ group
![](https://assets.tickertape.in/images/news-publishers/businessstandard.png)
Rupa & Co, Dollar Ind, Kitex Garments hit 52-wk lows on weak Q3 results
![](https://pocket-image-cache.com/direct?url=http://bsmedia.business-standard.com/_media/bs/img/article/2018-10/19/full/1539891114-2966.jpg)
JSW Energy Ltd leads gainers in ‘A’ group
![](https://assets.tickertape.in/images/news-publishers/businessstandard.png)
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 0.06%, vs industry avg of 7.86%
Decreasing Market Share
Over the last 5 years, market share decreased from 1.65% to 1.16%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -4.64%, vs industry avg of 6.68%