Kitex Garments Ltd
KITEXKitex Garments Ltd
KITEX
Price Chart
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 53.29 | 5.16 | 0.19% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 39.70 | 6.90 | 0.71% |
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
Safari Industries (India) Ltd
Raymond Lifestyle Ltd
Raymond Ltd
Arvind Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Hmm, looks like data is unavailable here. Please come back after some timeIncome
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 | 755.05 | ||||||||||
Raw Materials | 214.24 | 210.96 | 254.05 | 282.81 | 317.06 | 195.25 | 374.31 | 240.26 | 297.43 | 581.17 | ||||||||||
| Power & Fuel Cost | 17.54 | 18.85 | 22.07 | 25.57 | 26.89 | 19.28 | 31.65 | 28.76 | 32.93 | |||||||||||
| Employee Cost | 83.62 | 91.99 | 92.61 | 105.09 | 121.49 | 77.26 | 114.26 | 109.07 | 119.48 | |||||||||||
| Selling & Administrative Expenses | 12.99 | 8.85 | 19.75 | 24.83 | 31.19 | 10.50 | 21.61 | 20.35 | 11.01 | |||||||||||
| Operating & Other expenses | 28.76 | 45.41 | 34.74 | 29.83 | 110.42 | 52.83 | 75.75 | 97.67 | 55.56 | |||||||||||
EBITDA | 208.49 | 173.30 | 136.70 | 161.14 | 171.35 | 104.58 | 197.64 | 104.95 | 114.76 | 173.88 | ||||||||||
| Depreciation/Amortization | 21.27 | 21.83 | 23.40 | 27.26 | 26.45 | 23.10 | 21.44 | 21.21 | 20.71 | 19.20 | ||||||||||
| PBIT | 187.22 | 151.47 | 113.30 | 133.88 | 144.90 | 81.48 | 176.20 | 83.74 | 94.05 | 154.68 | ||||||||||
| Interest & Other Items | 16.15 | 9.27 | 5.81 | 3.88 | 7.02 | 2.56 | 3.62 | 4.47 | 7.33 | 10.23 | ||||||||||
| PBT | 171.07 | 142.20 | 107.49 | 130.00 | 137.88 | 78.92 | 172.58 | 79.27 | 86.72 | 144.45 | ||||||||||
| Taxes & Other Items | 61.36 | 58.75 | 43.94 | 58.55 | 34.50 | 24.65 | 47.46 | 21.70 | 30.39 | 44.59 | ||||||||||
| Net Income | 109.71 | 83.45 | 63.55 | 71.45 | 103.38 | 54.27 | 125.12 | 57.57 | 56.33 | 99.86 | ||||||||||
| EPS | 16.50 | 12.55 | 9.56 | 10.74 | 15.55 | 8.16 | 18.82 | 8.66 | 8.47 | 15.02 | ||||||||||
| 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 | 0.10 |
Company Updates
Annual report
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PDFAnnual report
PDFPeers & Comparison
Consumer DiscretionaryApparel & Accessories
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Kitex Garments Ltd | 94.48 | 5.16 | 0.19% |
| Page Industries Ltd | 91.72 | 32.69 | 0.79% |
| Safari Industries (India) Ltd | 75.67 | 16.16 | 0.15% |
| Raymond Lifestyle Ltd | 5.91 | 5.55 | — |
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
Dec 2023
Mar 2024
Jun 2024
Sep 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 0.19%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.87 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 20, 2024
Dividend/Share
₹1.50
Ex DateEx Date
Sep 20, 2024
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
The Board of Kitex Garments at its meeting held on 22 November 2024 has approved issue of bonus shares in the ratio of 2:1. Powered by Capital Market - Live
The bonus share issue proposal is subject to the approval of shareholders of Kitex Garments. The company will inform the record date for determining eligible shareholders entitled for issuance of bonus shares, in due course. The pre-bonus paid-up equity share capital as on date is Rs 6.65 crore consisting of 6.65 crore equity shares of Re 1 each. The company would appropriate a sum of Rs 13.30 crore from the general reserve or retained earnings for issuance of bonus shares. Accordingly, the post-bonus paid-up equity share capital is expected to be around Rs 19.95 crore consisting of 19.95 crore equity shares of Re 1 each. The bonus shares would be credited within 2 months from the date of board approval, i.e., on or before 20 January 2025. Kitex Garments is engaged in the manufacture of fabric and readymade garments. The company operates through two business segments: garments and fabric. The firm also exports cotton garments principally infants wear. The company had reported 181.39% jump in consolidated net profit to Rs 37.34 crore on a 61.15% increase in sales to Rs 215.88 crore in Q2 FY25 as compared with Q2 FY24. The scrip tumbled 4.33% to currently trade at Rs 640.05 on the BSE. Powered by Capital Market - Live
Kitex Garments will hold a meeting of the Board of Directors of the Company on 22 November 2024Powered by Capital Market - Live
The announcement was made after market hours today. Kitex Garments is engaged in the manufacture of fabric and readymade garments. The company operates through two business segments: garments and fabric. The firm also exports cotton garments principally infants wear. The company had reported 181.39% jump in consolidated net profit to Rs 37.34 crore on a 61.15% increase in sales to Rs 215.88 crore in Q2 FY25 as compared with Q2 FY24. The scrip had lost 0.31% to end at Rs 606.85 on the BSE today. Powered by Capital Market - Live
Net profit of Kitex Garments rose 181.39% to Rs 37.34 crore in the quarter ended September 2024 as against Rs 13.27 crore during the previous quarter ended September 2023. Sales rose 61.15% to Rs 215.88 crore in the quarter ended September 2024 as against Rs 133.96 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales215.88133.96 61 OPM %25.4114.50 - PBDT54.5323.80 129 PBT50.3018.66 170 NP37.3413.27 181 Powered by Capital Market - Live
Kitex Garments will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live
Kitex Garments announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2024.Powered by Capital Market - Live
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
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 0.06%, vs industry avg of 7.67%
Decreasing Market Share
Over the last 5 years, market share decreased from 1.68% to 1.1%
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 6.65%