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Kitex Garments Ltd

KITEX

Kitex Garments Ltd

KITEX
Consumer DiscretionaryApparel & Accessories
SmallcapWith a market cap of ₹4,214 cr, stock is ranked 837
High RiskStock is 4.40x as volatile as Nifty
633.752.66% (-17.30)
633.752.66% (-17.30)

Price Chart

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Consumer DiscretionaryApparel & Accessories
SmallcapWith a market cap of ₹4,214 cr, stock is ranked 837
High RiskStock is 4.40x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

Consumer DiscretionaryApparel & Accessories
SmallcapWith a market cap of ₹4,214 cr, stock is ranked 837
High RiskStock is 4.40x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
42.204.080.24%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.626.720.49%

Forecast & Ratings

Detailed Forecast 
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Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Kitex Garments Limited is engaged in the manufacture of fabric and readymade garments.

Peers

Compare with peers 
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Forecasts

Price

Revenue

Earnings

Price Forecast

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Revenue Forecast

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Earnings Per Share Forecast

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Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 0.06%, vs industry avg of 7.66%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 1.68% to 1.12%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of -4.64%, vs industry avg of 6.64%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue565.64549.36559.92629.27778.40459.70815.22601.06631.17755.05
Raw Materialssubtract214.24210.96254.05282.81317.06195.25374.31240.26297.43581.17
Power & Fuel Costsubtract17.5418.8522.0725.5726.8919.2831.6528.7632.93
Employee Costsubtract83.6291.9992.61105.09121.4977.26114.26109.07119.48
Selling & Administrative Expensessubtract12.998.8519.7524.8331.1910.5021.6120.3511.01
Operating & Other expensessubtract28.7645.4134.7429.83110.4252.8375.7597.6755.56
Depreciation/Amortizationsubtract21.2721.8323.4027.2626.4523.1021.4421.2120.7119.20
Interest & Other Itemssubtract16.159.275.813.887.022.563.624.477.3310.23
Taxes & Other Itemssubtract61.3658.7543.9458.5534.5024.6547.4621.7030.3944.59
EPS16.5012.559.5610.7415.558.1618.828.668.4715.02
DPS1.071.071.501.501.501.501.501.501.501.50
Payout ratio0.060.090.160.140.100.180.080.170.180.10
See Costs

EPS and DPS in ₹. Other numbers except Payout Ratio in ₹ cr

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2019

Annual Report Unavailable

Investor Presentation

Nov 14PDF
Aug 13PDF
Jul 28PDF
FY 2020

Annual report

PDF

Investor Presentation

Nov 14PDF
Aug 28PDF
FY 2021

Annual report

PDF
FY 2022

Annual report

PDF
FY 2023

Annual report

PDF
FY 2024

Annual report

PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryApparel & Accessories

Valuation

Technical

Forecast

ScreenerCompare valuation on Screener

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Kitex Garments Ltd74.824.080.24%
Page Industries Ltd94.0733.530.77%
Raymond Lifestyle Ltd6.095.73—
Safari Industries (India) Ltd62.1313.270.18%

Price Comparison

Compare KITEX with any stock or ETF
Compare KITEX with any stock or ETF
KITEX
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding56.66%0.00%0.00%0.74%42.60%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.68%0.66%0.84%0.96%0.82%0.74%

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

KITEX has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.24%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.42 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 20, 2024

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 20, 2024

Cash Dividend

Ex DateEx DateSep 22, 2023

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 22, 2023

Cash Dividend

Ex DateEx DateAug 19, 2022

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Aug 19, 2022

Cash Dividend

Ex DateEx DateAug 30, 2021

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Aug 30, 2021

Cash Dividend

Ex DateEx DateFeb 18, 2020

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Feb 18, 2020

News & Opinions
Earnings
Kitex Garments consolidated net profit rises 181.39% in the September 2024 quarter

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

1 week agoCapital Market - Live
Corporate
Kitex Garments schedules board meeting

Kitex Garments will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Kitex Garments schedules AGM

Kitex Garments announced that the Annual General Meeting (AGM) of the company will be held on 28 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Kitex Garments consolidated net profit rises 247.58% in the June 2024 quarter

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

2 months agoCapital Market - Live
Corporate
Kitex Garments to convene board meeting

Kitex Garments will hold a meeting of the Board of Directors of the Company on 14 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live

Kitex Garments Consolidated June 2023 Net Sales at Rs 145.78 crore, down 41.55% Y-o-Y

1 year agoMoneycontrol

Kitex Garments Standalone June 2023 Net Sales at Rs 145.78 crore, down 41.55% Y-o-Y

1 year agoMoneycontrol

Kerala’s Kitex Garments to ramp up investment in TS to ₹3,000 cr.

1 year agoThe Hindu

Farmers oppose land acquisition for Kitex garments unit

1 year agoThe Hindu

Kitex Garments shares tank 14% as company reports net loss in Q3, revenue slips 67%

1 year agoBusiness Today