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Consolidated Standalone

Kitex Garments

₹197.9 -1 | 0.5%

Market Cap ₹1316 Cr.

Stock P/E 33.2

P/B 1.5

Current Price ₹197.9

Book Value ₹ 133

Face Value 1

52W High ₹287.2

Dividend Yield 0.76%

52W Low ₹ 152

Edit Ratio

Kitex Garments Research see more...

Overview Inc. Year: 1992Industry: Textile

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 Share Price

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Price

Quarterly Price

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Peer Comparison

Kitex Garments Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Sep 2023 Dec 2023
Net Sales 154 178 203 254 249 142 68 98 134 164
Other Income 5 3 5 14 15 9 3 17 6 3
Total Income 159 181 208 267 264 151 72 115 140 167
Total Expenditure 126 140 154 198 208 115 70 104 115 132
Operating Profit 34 41 55 69 56 36 2 11 26 35
Interest 0 0 0 3 1 1 2 0 2 2
Depreciation 5 5 5 5 5 5 5 5 5 5
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 28 35 49 60 50 30 -5 5 19 28
Provision for Tax 8 10 14 16 13 8 -1 2 5 13
Profit After Tax 21 26 35 44 37 22 -4 3 13 15
Adjustments 0 -0 0 -0 0 0 0 0 -0 0
Profit After Adjustments 21 26 35 44 37 22 -4 3 13 15
Adjusted Earnings Per Share 3.1 3.9 5.2 6.6 5.5 3.3 -0.6 0.5 2 2.3

Kitex Garments Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 546 546 557 607 739 455 788 557 464
Other Income 20 3 3 22 39 4 27 44 29
Total Income 566 549 560 629 778 460 815 601 494
Total Expenditure 357 376 423 468 607 355 618 496 421
Operating Profit 208 173 137 161 171 105 198 105 74
Interest 16 9 6 4 7 3 4 4 6
Depreciation 21 22 23 27 26 23 21 21 20
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0
Profit Before Tax 171 142 107 130 138 79 173 79 47
Provision for Tax 59 50 37 49 34 25 47 22 19
Profit After Tax 112 92 70 81 103 54 125 57 27
Adjustments -2 -9 -6 -10 0 0 0 -1 0
Profit After Adjustments 110 83 64 71 103 54 125 56 27
Adjusted Earnings Per Share 16.5 12.6 9.6 10.7 15.5 8.2 18.8 8.5 4.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -29% -9% 0% 0%
Operating Profit CAGR -47% -15% -5% 0%
PAT CAGR -54% -18% -4% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 22% 25% 16% 8%
ROE Average 7% 11% 13% 17%
ROCE Average 9% 14% 17% 23%

Kitex Garments Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 365 445 499 563 641 696 812 858
Minority's Interest 0 0 0 0 0 0 0 118
Borrowings 8 3 1 0 0 0 0 0
Other Non-Current Liabilities 25 35 31 28 23 21 19 66
Total Current Liabilities 178 72 70 241 245 133 225 158
Total Liabilities 576 555 600 833 909 850 1056 1201
Fixed Assets 173 173 172 214 234 227 243 264
Other Non-Current Assets 12 27 51 52 46 36 71 409
Total Current Assets 391 355 377 566 630 586 742 528
Total Assets 576 555 600 833 909 850 1056 1201

Kitex Garments Cash Flow

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

Kitex Garments Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 16.5 12.55 9.56 10.74 15.54 8.16 18.82 8.46
CEPS(Rs) 20.06 17.15 14.05 16.32 19.52 11.64 22.04 11.75
DPS(Rs) 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5
Book NAV/Share(Rs) 54.89 66.86 74.99 84.74 96.45 104.63 122.13 129.07
Core EBITDA Margin(%) 34.57 31.11 24.05 22.85 17.88 22.02 21.66 10.93
EBIT Margin(%) 34.3 27.75 20.33 22.06 19.6 17.89 22.35 15.03
Pre Tax Margin(%) 31.34 26.05 19.29 21.42 18.65 17.33 21.89 14.23
PAT Margin (%) 20.54 16.89 12.57 13.39 13.98 11.92 15.87 10.22
Cash Profit Margin (%) 24.43 20.89 16.77 17.89 17.56 16.99 18.59 14.03
ROA(%) 19.45 16.31 12.13 11.35 11.87 6.17 13.13 5.04
ROE(%) 30.71 22.78 14.85 15.3 17.16 8.12 16.6 6.82
ROCE(%) 39.41 32.65 23.61 23.08 20.83 11.37 22.29 9.47
Receivable days 64.2 75.94 83.24 86.71 102.92 172.01 113.85 169.6
Inventory Days 8.71 17.89 42.03 65.18 63.99 106.05 66.86 88.95
Payable days 71.78 81.28 74.01 62.69 50.77 83.02 51.13 71.34
PER(x) 18.91 24.39 23.47 9.49 5.55 12.12 13.25 16.16
Price/Book(x) 5.68 4.58 2.99 1.2 0.89 0.95 2.04 1.06
Dividend Yield(%) 0.34 0.35 0.67 1.47 1.74 1.52 0.6 1.1
EV/Net Sales(x) 3.54 3.5 2.52 1.1 0.76 1.11 2.03 1.5
EV/Core EBITDA(x) 9.28 11.02 10.26 4.15 3.28 4.84 8.08 7.94
Net Sales Growth(%) 0 0.02 2.08 8.89 21.82 -38.4 73.11 -29.34
EBIT Growth(%) 0 -19.09 -25.2 18.17 8.22 -43.77 116.25 -52.48
PAT Growth(%) 0 -17.73 -24.07 16.06 27.2 -47.5 130.54 -54.51
EPS Growth(%) 0 -23.92 -23.85 12.43 44.68 -47.5 130.54 -55.01
Debt/Equity(x) 0.3 0.02 0.02 0.16 0.15 0 0.09 0.03
Current Ratio(x) 2.2 4.92 5.39 2.35 2.57 4.41 3.29 3.34
Quick Ratio(x) 2.13 4.36 4.14 1.81 2.04 3.4 2.61 2.6
Interest Cover(x) 11.59 16.35 19.49 34.51 20.63 31.88 48.69 18.72
Total Debt/Mcap(x) 0.05 0 0.01 0.13 0.17 0 0.04 0.03

Kitex Garments Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 56.42 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66 56.66
FII 0.37 0.75 1.02 0.74 0.71 0.69 0.68 0.66 0.84 0.96
DII 0 0 0 0 0 0 0 0 0 0
Public 43.21 42.59 42.32 42.6 42.63 42.65 42.66 42.68 42.5 42.38
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
  • Debtor days have increased from 51.13 to 71.34days.
  • The company has delivered a poor profit growth of -4% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Kitex Garments News

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