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Kitex Garments Overview

Kitex Garments Ltd is an India-based organisation engaged in the manufacture of material and readymade garments. The Company operates thru two commercial enterprise segments: Garments and Fabric. The Company exports cotton clothes basically babies wear. The Company exports its merchandise to the United States and European markets. The Company's merchandise consist of body suits, rompers, bibs, sleepwear, burps and training pants.

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Kitex Garments Key Financials

Market Cap ₹3264 Cr.

Stock P/E 24

P/B 3.2

Current Price ₹163.6

Book Value ₹ 51.4

Face Value 1

52W High ₹321

Dividend Yield 0.31%

52W Low ₹ 138.5

Kitex Garments Share Price

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Volume
Price

Kitex Garments Quarterly Price

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Kitex Garments Peer Comparison

Kitex Garments Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 146 164 173 190 216 276 300 197 122 182
Other Income 2 3 3 3 3 8 5 1 12 5
Total Income 148 167 176 193 219 284 305 197 134 187
Total Expenditure 132 132 139 150 161 222 249 163 138 174
Operating Profit 16 35 38 43 58 62 56 35 -4 13
Interest 1 2 3 2 3 4 5 4 8 13
Depreciation 5 5 5 5 4 4 3 3 8 13
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 18 0
Profit Before Tax 10 28 30 36 50 55 48 28 -2 -12
Provision for Tax 2 13 10 10 14 15 16 9 4 5
Profit After Tax 8 15 20 27 37 41 32 19 -6 -17
Adjustments 0 0 0 1 1 1 1 1 5 8
Profit After Adjustments 8 15 20 27 37 41 33 21 -2 -9
Adjusted Earnings Per Share 0.4 0.8 1 1.4 1.9 2.1 1.7 1 -0.1 -0.5

Kitex Garments Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 546 546 557 607 739 455 788 557 617 983 801
Other Income 20 3 3 22 39 4 27 44 14 19 23
Total Income 566 549 560 629 778 460 815 601 631 1001 823
Total Expenditure 357 376 423 468 607 355 618 496 516 782 724
Operating Profit 208 173 137 161 171 105 198 105 115 219 100
Interest 16 9 6 4 7 3 4 4 7 14 30
Depreciation 21 22 23 27 26 23 21 21 21 16 27
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 18
Profit Before Tax 171 142 107 130 138 79 173 79 87 190 62
Provision for Tax 59 50 37 49 34 25 47 22 31 54 34
Profit After Tax 112 92 70 81 103 54 125 57 56 136 28
Adjustments -2 -9 -6 -10 0 0 0 -1 0 0 15
Profit After Adjustments 110 83 64 71 103 54 125 56 56 136 43
Adjusted Earnings Per Share 5.5 4.2 3.2 3.6 5.2 2.7 6.3 2.8 2.8 6.8 2.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 59% 8% 6% 0%
Operating Profit CAGR 90% 3% 5% 0%
PAT CAGR 143% 3% 6% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -33% 45% 38% 4%
ROE Average 14% 9% 10% 15%
ROCE Average 11% 9% 12% 20%

Kitex Garments Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 365 445 499 563 641 696 812 858 905 1033
Minority's Interest 0 0 0 0 0 0 0 118 128 177
Borrowings 8 3 1 0 0 0 0 0 605 920
Other Non-Current Liabilities 25 35 31 28 23 21 19 66 126 166
Total Current Liabilities 178 72 70 241 245 133 225 107 179 323
Total Liabilities 576 555 600 833 909 850 1056 1150 1943 2618
Fixed Assets 173 173 172 214 234 227 243 264 244 232
Other Non-Current Assets 12 27 51 52 46 36 71 409 1099 1626
Total Current Assets 391 355 377 566 630 586 742 477 599 760
Total Assets 576 555 600 833 909 850 1056 1150 1943 2618

Kitex Garments Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 203 246 130 93 94 95 104 108 46 50
Cash Flow from Operating Activities 135 45 29 9 51 116 -10 295 -38 54
Cash Flow from Investing Activities -10 -34 -52 -78 -29 -8 -48 -414 -607 -455
Cash Flow from Financing Activities -78 -120 -15 72 -25 -99 60 57 650 390
Net Cash Inflow / Outflow 47 -110 -39 3 -2 9 2 -62 4 -10
Closing Cash & Cash Equivalent 250 130 93 94 95 104 108 46 50 39

Kitex Garments Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.5 4.18 3.19 3.58 5.18 2.72 6.27 2.82 2.8 6.8
CEPS(Rs) 6.69 5.72 4.68 5.44 6.51 3.88 7.35 3.92 3.84 7.59
DPS(Rs) 0.36 0.36 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Book NAV/Share(Rs) 18.3 22.29 25 28.25 32.15 34.88 40.71 43.02 45.34 51.78
Core EBITDA Margin(%) 34.57 31.11 24.05 22.85 17.88 22.02 21.66 10.93 16.29 20.43
EBIT Margin(%) 34.3 27.75 20.33 22.06 19.6 17.89 22.35 15.03 15.25 20.71
Pre Tax Margin(%) 31.34 26.05 19.29 21.42 18.65 17.33 21.89 14.23 14.06 19.29
PAT Margin (%) 20.54 16.89 12.57 13.39 13.98 11.92 15.87 10.22 9.05 13.81
Cash Profit Margin (%) 24.43 20.89 16.77 17.89 17.56 16.99 18.59 14.03 12.41 15.41
ROA(%) 19.45 16.31 12.13 11.35 11.87 6.17 13.13 5.16 3.61 5.95
ROE(%) 30.71 22.78 14.85 15.3 17.16 8.12 16.6 6.82 6.33 14.01
ROCE(%) 39.41 32.65 23.61 23.08 20.83 11.37 22.29 9.47 7.62 11
Receivable days 64.2 75.94 83.24 86.71 102.92 172.01 113.85 169.6 136.16 110.74
Inventory Days 8.71 17.89 42.03 65.18 63.99 106.05 66.86 88.95 83.13 65.88
Payable days 71.78 81.28 74.01 62.69 50.77 83.02 51.13 71.34 69.31 57.23
PER(x) 18.91 24.39 23.47 9.49 5.55 12.12 13.25 16.16 21.75 26.42
Price/Book(x) 5.68 4.58 2.99 1.2 0.89 0.95 2.04 1.06 1.34 3.47
Dividend Yield(%) 0.34 0.35 0.67 1.47 1.74 1.52 0.6 1.1 0.82 0.28
EV/Net Sales(x) 3.54 3.5 2.52 1.1 0.76 1.11 2.03 1.5 2.96 4.68
EV/Core EBITDA(x) 9.28 11.02 10.26 4.15 3.28 4.84 8.08 7.94 15.91 20.98
Net Sales Growth(%) 0 0.02 2.08 8.89 21.82 -38.4 73.11 -29.34 10.76 59.31
EBIT Growth(%) 0 -19.09 -25.2 18.17 8.22 -43.77 116.25 -52.48 12.34 116.42
PAT Growth(%) 0 -17.73 -24.07 16.06 27.2 -47.5 130.54 -54.51 -1.92 143.14
EPS Growth(%) 0 -23.92 -23.86 12.43 44.69 -47.5 130.54 -55.01 -0.82 143.14
Debt/Equity(x) 0.3 0.02 0.02 0.16 0.15 0 0.09 0.03 0.75 1.05
Current Ratio(x) 2.2 4.92 5.39 2.35 2.57 4.41 3.29 4.44 3.34 2.36
Quick Ratio(x) 2.13 4.36 4.14 1.81 2.04 3.4 2.61 3.36 2.42 1.77
Interest Cover(x) 11.59 16.35 19.5 34.51 20.63 31.88 48.69 18.72 12.83 14.52
Total Debt/Mcap(x) 0.05 0 0.01 0.13 0.17 0 0.04 0.03 0.56 0.3

Kitex Garments Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66
FII 0.84 0.96 0.82 0.74 1.1 0.9 0.93 1.16 0.91 0.88
DII 0 0 0 0 0.4 0.87 0.9 0.34 0.16 0.13
Public 42.5 42.38 42.52 42.6 41.84 41.58 41.51 41.84 42.28 42.33
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Kitex Garments News

Kitex Garments Pros & Cons

Pros

  • Debtor days have improved from 69.31 to 57.23days.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Stock is trading at 3.2 times its book value.
  • The company has delivered a poor profit growth of 5% over past five years.
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