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Kamadgiri Fashion Overview

1. Business Overview

Kamadgiri Fashion Ltd. operates in the textile sector, specifically focusing on man-made fibres. The company is primarily involved in the manufacturing and processing of fabrics and/or yarns made from synthetic materials like polyester, viscose, nylon, or blends thereof. Its core business model likely involves sourcing raw man-made fibres or intermediate chemicals, processing them into yarns or fabrics through weaving, knitting, dyeing, and finishing operations, and then selling these products to garment manufacturers, retailers, distributors, or potentially directly to consumers. The company makes money through the sale of its textile products, leveraging its manufacturing capabilities and market reach.

2. Key Segments / Revenue Mix

Specific details regarding key segments or revenue contribution are not publicly available without financial reports. However, based on the industry, potential segments could include:

Yarn Manufacturing: Production and sale of man-made fibre yarns.

Fabric Manufacturing: Weaving, knitting, dyeing, printing, and finishing of fabrics.

Garment Manufacturing: (If they are vertically integrated into finished apparel).

Their revenue would primarily be derived from the sale of these processed textile materials.

3. Industry & Positioning

The Indian textile industry is one of the largest globally, characterized by its diverse value chain from fibre to finished garments. The man-made fibres (MMF) segment is dynamic, growing, and driven by increasing domestic consumption and export demand. It is generally competitive and fragmented, with numerous players ranging from large integrated corporations to smaller specialized units.

Kamadgiri Fashion Ltd., as a listed entity in this segment, likely holds a position as a mid-tier or specialized player within the vast Indian textile landscape. Its focus on man-made fibres indicates a specialization in materials offering properties like durability, wrinkle resistance, or specific aesthetics, which differentiates it from companies solely focused on natural fibres like cotton. Its positioning would depend on its scale of operations, product quality, cost efficiency, and market reach relative to key competitors.

4. Competitive Advantage (Moat)

Durable competitive advantages (moats) are challenging to establish in the textile industry due to its fragmented and commodity-driven nature. Potential advantages for Kamadgiri Fashion Ltd. might include:

Operational Efficiency & Cost Leadership: Efficient manufacturing processes, scale in specific product lines, or strong supply chain management could allow for competitive pricing.

Niche Product Specialization: Expertise in producing specific types of man-made fibres or blended fabrics with unique properties or finishes.

Established Distribution & Customer Relationships: Long-standing relationships with garment manufacturers, wholesalers, or retailers could provide stable demand.

Vertical Integration: If they control multiple stages from fibre processing to finished fabric, it could offer cost control and quality assurance.

However, without specific details, it is difficult to ascertain a strong, sustainable moat. The industry often sees competition based on price, quality, and delivery timelines.

5. Growth Drivers

Rising Disposable Incomes & Urbanization: Increased consumer spending on apparel and home furnishings in India.

Growth in Organized Retail & E-commerce: Expanding channels for textile product sales.

Export Opportunities: Growing global demand for textiles and India's potential to capture market share through "China plus one" strategies.

Government Initiatives: Schemes like the Production Linked Incentive (PLI) for textiles, aimed at boosting domestic manufacturing and exports.

Shift Towards Man-Made Fibres: Increasing preference for MMF due to performance characteristics, versatility, and often more stable pricing compared to natural fibres.

Technological Advancements: Innovation in fibre technology, sustainable processes, and smart textiles.

6. Risks

Raw Material Price Volatility: Prices of crude oil (for polyester) and other chemicals for MMF are subject to global commodity market fluctuations.

Intense Competition: High fragmentation and competition from both domestic and international players can put pressure on margins.

Fashion & Demand Shifts: Rapid changes in consumer preferences and fashion trends can lead to inventory obsolescence.

Economic Slowdown: A downturn in the broader economy can reduce discretionary spending on apparel and textiles.

Regulatory & Environmental Compliance: Evolving environmental regulations regarding textile manufacturing processes (water, waste, energy) can increase operational costs.

Foreign Exchange Fluctuations: For companies involved in imports of raw materials or exports of finished goods.

Labor Costs & Availability: The textile industry is labor-intensive, and rising labor costs or scarcity can impact profitability.

7. Management & Ownership

In many Indian companies, particularly those of this size, ownership is typically concentrated with the promoter (founding) families, who also play a significant role in day-to-day management and strategic decision-making. Promoters often hold a substantial equity stake, aligning their interests with the company's long-term performance. Management quality would depend on their vision, execution capabilities, and ability to adapt to industry dynamics. The ownership structure would likely involve the promoter group, institutional investors (if any), and public shareholders.

8. Outlook

Kamadgiri Fashion Ltd. operates within a significant and growing segment of the Indian economy. The long-term outlook for the Indian textile industry, particularly man-made fibres, remains positive due to strong domestic demand fundamentals, increasing discretionary spending, and India's potential as a global manufacturing hub. The company could benefit from these tailwinds if it can maintain operational efficiencies, innovate in its product offerings, and effectively manage its supply chain.

However, the industry faces inherent challenges, including intense competition, volatile raw material prices, and the need for continuous adaptation to fashion trends and sustainability demands. The company's success will depend on its ability to navigate these risks, capitalize on growth opportunities, and differentiate itself in a competitive market.

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Kamadgiri Fashion Key Financials

Market Cap ₹83 Cr.

Stock P/E 69

P/B 2.1

Current Price ₹141

Book Value ₹ 66.9

Face Value 10

52W High ₹150.2

Dividend Yield 0%

52W Low ₹ 64.1

Kamadgiri Fashion Share Price

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Volume
Price

Kamadgiri Fashion Quarterly Price

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Kamadgiri Fashion Peer Comparison

Kamadgiri Fashion Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 57 55 46 44 45 43 36 42 35 45
Other Income 0 5 0 1 0 0 0 0 0 0
Total Income 57 60 46 45 45 43 36 42 35 45
Total Expenditure 56 53 44 43 42 41 35 40 33 43
Operating Profit 1 7 3 2 3 1 2 2 2 2
Interest 2 2 1 1 1 1 1 1 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -2 4 0 0 1 -0 0 0 1 1
Provision for Tax -1 1 0 0 0 -0 0 0 0 -1
Profit After Tax -1 2 0 0 1 -0 0 0 1 2
Adjustments 0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments -1 2 0 0 1 -0 0 0 1 2
Adjusted Earnings Per Share -1.7 3.9 0.3 0.4 1.7 -0.3 0.3 0.2 1.1 3.6

Kamadgiri Fashion Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 260 300 301 331 319 293 140 257 281 218 178 158
Other Income 0 0 0 1 0 0 4 0 2 5 1 0
Total Income 260 301 302 332 319 293 144 258 283 223 179 158
Total Expenditure 243 285 285 310 300 283 137 243 266 212 170 151
Operating Profit 16 15 17 22 19 10 7 15 17 10 9 8
Interest 9 8 8 7 7 8 8 8 9 7 4 3
Depreciation 3 4 4 4 4 7 7 6 5 5 3 4
Exceptional Income / Expenses 0 0 0 0 0 -1 0 0 0 0 0 0
Profit Before Tax 4 3 4 11 7 -5 -8 1 2 -2 2 2
Provision for Tax 1 1 1 4 3 -1 -2 0 1 -0 0 -1
Profit After Tax 2 2 3 7 5 -4 -6 1 1 -1 1 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 2 3 7 5 -4 -6 1 1 -1 1 3
Adjusted Earnings Per Share 4.3 3.5 4.8 11.1 8 -6.7 -9.9 1.1 2.5 -2.4 2 5.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -18% -12% -9% -4%
Operating Profit CAGR -10% -16% -2% -6%
PAT CAGR 0% 0% 0% -7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -4% 23% 38% 8%
ROE Average 3% 1% -2% 3%
ROCE Average 8% 9% 7% 11%

Kamadgiri Fashion Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 26 32 35 41 44 39 33 34 36 34 36
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 10 8 5 4 2 4 3 16 12 8 1
Other Non-Current Liabilities 14 9 8 10 9 38 31 30 8 3 3
Total Current Liabilities 98 103 99 117 112 91 95 110 97 73 39
Total Liabilities 148 152 147 171 167 172 162 190 153 118 79
Fixed Assets 27 30 27 29 27 44 36 33 26 18 19
Other Non-Current Assets 8 2 2 1 3 20 20 21 3 4 3
Total Current Assets 113 120 118 140 137 109 106 137 125 96 57
Total Assets 148 152 147 171 167 172 162 190 153 118 79

Kamadgiri Fashion Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 3 1 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 10 8 19 7 15 17 11 -3 17 24 22
Cash Flow from Investing Activities 1 -6 -3 -4 -3 -8 0 -1 1 8 17
Cash Flow from Financing Activities -11 -3 -17 -3 -12 -9 -11 4 -18 -32 -39
Net Cash Inflow / Outflow -0 -2 -1 0 -0 0 0 -0 0 -0 0
Closing Cash & Cash Equivalent 3 1 0 0 0 0 0 0 0 0 0

Kamadgiri Fashion Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.29 3.5 4.8 11.1 8.03 -6.74 -9.86 1.11 2.51 -2.4 2.04
CEPS(Rs) 11.18 10.35 12.2 18.63 15.67 5.58 1.33 11.1 11.79 5.4 7.58
DPS(Rs) 1.5 1.5 1.5 2 2 0 0 0 0 0 0
Book NAV/Share(Rs) 51.5 58.02 59.68 69.11 74.76 65.94 56.69 57.89 61.01 58.57 60.77
Core EBITDA Margin(%) 6.32 4.93 5.4 6.25 5.73 3.29 2.02 5.56 5.06 2.29 4.31
EBIT Margin(%) 4.99 3.82 4.13 5.37 4.47 0.81 0.07 3.39 3.85 2.53 3.09
Pre Tax Margin(%) 1.37 1.07 1.36 3.2 2.26 -1.81 -5.57 0.36 0.78 -0.79 0.9
PAT Margin (%) 0.84 0.63 0.92 1.96 1.44 -1.32 -4.03 0.25 0.51 -0.63 0.68
Cash Profit Margin (%) 2.18 1.87 2.35 3.3 2.82 1.09 0.54 2.49 2.41 1.42 2.51
ROA(%) 1.42 1.27 1.88 4.1 2.79 -2.33 -3.46 0.37 0.86 -1.04 1.22
ROE(%) 8.47 6.6 8.46 17.23 11.16 -9.58 -16.08 1.94 4.23 -4.01 3.42
ROCE(%) 15.92 13.56 14.66 20.01 15.56 2.63 0.12 9.51 11.07 6.52 8.31
Receivable days 82.28 63 61.84 67.05 70.62 62.47 121.44 75.88 69.67 68.63 61.05
Inventory Days 77.34 67.16 65.72 58.34 62.26 69.74 134.38 83.05 80.12 90 81.89
Payable days 120.74 78.13 66.96 62.55 67.71 62.96 126.81 90.93 78.75 81.15 78.49
PER(x) 10.38 22.6 14.16 10.31 10.58 0 0 38.49 26.2 0 41.36
Price/Book(x) 0.86 1.36 1.14 1.66 1.14 0.49 0.52 0.74 1.08 1.2 1.39
Dividend Yield(%) 3.37 1.9 2.21 1.75 2.36 0 0 0 0 0 0
EV/Net Sales(x) 0.29 0.33 0.29 0.36 0.31 0.24 0.5 0.36 0.35 0.37 0.4
EV/Core EBITDA(x) 4.52 6.47 5.18 5.4 5.17 6.88 10.41 6.24 5.99 7.93 8.11
Net Sales Growth(%) 2.59 15.62 0.33 9.88 -3.59 -8.16 -52.26 83.92 9.16 -22.53 -18.43
EBIT Growth(%) -0.69 -11.51 9.65 41.43 -17.9 -83.45 -95.61 8277.92 24.51 -48.83 -3.01
PAT Growth(%) -25.75 -12.47 48.07 131.34 -27.66 -183.97 -46.29 111.26 126.37 -195.48 185.12
EPS Growth(%) -25.75 -18.5 37.23 131.34 -27.66 -183.97 -46.29 111.26 126.36 -195.48 185.12
Debt/Equity(x) 2.11 1.79 1.38 1.33 1.13 1.34 1.58 1.97 1.76 1.17 0.61
Current Ratio(x) 1.15 1.16 1.19 1.2 1.23 1.19 1.12 1.24 1.29 1.33 1.47
Quick Ratio(x) 0.6 0.61 0.65 0.75 0.7 0.58 0.59 0.62 0.7 0.6 0.79
Interest Cover(x) 1.38 1.39 1.49 2.48 2.02 0.31 0.01 1.12 1.25 0.76 1.41
Total Debt/Mcap(x) 2.44 1.32 1.22 0.8 0.99 2.71 3.01 2.67 1.63 0.98 0.44

Kamadgiri Fashion Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 30.89 34.01 37.51 37.51 37.51 37.51 37.51 37.51 37.51 37.53
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 69.11 65.99 62.49 62.49 62.49 62.49 62.49 62.49 62.49 62.47
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Kamadgiri Fashion News

Kamadgiri Fashion Pros & Cons

Pros

  • Debtor days have improved from 81.15 to 78.49days.
  • Company has reduced debt.

Cons

  • Promoter holding is low: 37.53%.
  • Company has a low return on equity of 1% over the last 3 years.
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