Is Kitex Garments a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kitex Garments Ltd is a average quality company .

Is Kitex Garments undervalued or overvalued?

The key valuation ratios of Kitex Garments Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Kitex Garments share price return in the past 10 years?

Kitex Garments Ltd share price has appreciated 8.2% annually (CAGR) over the past ten years.

Is Kitex Garments a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kitex Garments Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Kitex Garments Ltd - Stock Valuation and Financial Performance

Name: Kitex Garments
Brand: Kitex Garments

BSE: 521248 | NSE: KITEX | Textile | Small Cap

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Kitex Garments Share Price

₹195.70 0.45 0.23%
as on 18-Apr'24 09:42

10 Year X-Ray of Kitex Garments:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	21.8%	29%	24.8%	21.7%	15%	12%	12.3%	8.1%	13.8%	5%	-
Value Creation Index ⓘ	0.6	1.1	0.8	0.6	0.1	-0.1	-0.1	-0.4	0.0	-0.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	442	511	546	546	557	607	739	455	788	557	542
Sales YoY Gr.	-	15.6%	6.8%	0%	2.1%	8.9%	21.8%	-38.4%	73.1%	-29.3%	-
Adj EPS ⓘ	7.4	13.8	15.1	14.4	10.5	10.5	12.7	8.9	16.8	6.5	7
YoY Gr.	-	85.1%	10.1%	-4.9%	-26.8%	-0.4%	21.3%	-30.2%	89.2%	-61.7%	-
BVPS (₹) ⓘ	26.2	39.7	55.3	68.5	77.6	88.9	101.5	110.6	128.5	136.1	140.9
Adj Net Profit ⓘ	49.4	91.4	101	95.7	70.1	69.8	84.7	59.1	112	42.9	46
Cash Flow from Ops. ⓘ	115	128	135	44.7	28.6	9.7	58.9	116	-9.5	242	-
Debt/CF from Ops. ⓘ	1.2	1.3	0.8	0.2	0.3	9.3	1.6	0	-7.7	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.6%	-0%	-9%	-29.3%
Adj EPS ⓘ	-1.6%	-9.4%	-20.3%	-61.7%
BVPSⓘ	20.1%	11.9%	10.3%	5.9%
Share Price	8.2%	13.6%	25.7%	28.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	33.3	41.7	31.9	23.3	14.4	12.6	13.4	8.4	14.1	4.9	5
Op. Profit Mgn % ⓘ	21.9	33.5	34.6	32	24.1	22.9	18.2	22	21.7	13.9	11.7
Net Profit Mgn % ⓘ	11.2	17.9	18.5	17.5	12.6	11.5	11.5	13	14.2	7.7	8.6
Debt to Equity ⓘ	0.8	0.6	0.3	0	0	0.2	0.1	0	0.1	0	-
Working Cap Days ⓘ	104	93	98	127	170	246	281	458	301	429	201
Cash Conv. Cycle ⓘ	41	26	31	52	88	120	140	232	150	220	148

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 5.00%

Sales growth has been subdued in last 3 years -9.00%

Net Profit has been subdued in last 3 years -20.30%

Sales growth is not so good in last 4 quarters at 8.04%

Latest Financials - Kitex Garments Ltd.

	Standalone	Consolidated
TTM EPS (₹)	7	8.5
TTM Sales (₹ Cr.)	542	557
BVPS (₹.) ⓘ	140.9	133
Reserves (₹ Cr.) ⓘ	930	878
P/BV ⓘ	1.39	1.47
PE ⓘ	27.97	23.07

From the Market
52 Week Low / High (₹)	145.70 / 287.20
All Time Low / High (₹)	0.03 / 764.29
Market Cap (₹ Cr.)	1,298
Equity (₹ Cr.)	6.7
Face Value (₹)	1
Industry PE ⓘ	28.5

Management X-Ray of Kitex Garments:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Kitex Garments

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Kitex Garments

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	442	511	546	546	557	607	739	455	788	557
Operating Expenses ⓘ	345	340	357	376	423	468	607	355	617	493
Manufacturing Costs	43	42	48	67	75	77	109	56	95	71
Material Costs	236	210	211	195	217	246	321	195	367	265
Employee Cost	52	67	75	84	93	105	121	77	114	109
Other Costs ⓘ	14	22	23	30	39	40	55	27	41	49
Operating Profit ⓘ	97	171	189	170	134	139	132	100	171	64
Operating Profit Margin (%)	21.9%	33.4%	34.6%	31.1%	24.1%	22.9%	17.9%	22.0%	21.7%	11.5%
Other Income ⓘ	13	13	20	3	3	22	44	10	30	43
Interest ⓘ	12	21	16	9	6	4	7	3	4	4
Depreciation ⓘ	10	21	21	22	23	27	26	23	21	21
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	88	142	171	142	107	130	143	85	176	81
Tax ⓘ	31	43	59	50	37	49	34	25	47	22
Profit After Tax	57	99	112	92	70	81	109	60	128	59
PAT Margin (%)	13.0%	19.3%	20.5%	16.9%	12.6%	13.4%	14.7%	13.2%	16.3%	10.7%
Adjusted EPS (₹)	8.6	14.8	16.9	13.9	10.5	12.3	16.3	9.0	19.3	8.9
Dividend Payout Ratio (%)	8%	6%	6%	8%	14%	12%	9%	17%	8%	17%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	174	264	367	456	516	591	675	735	855	905
Share Capital ⓘ	5	5	5	5	7	7	7	7	7	7
Reserves ⓘ	169	259	363	451	510	585	669	729	848	898
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	119	141	92	3	1	87	96	0	73	25
Long Term Debt	29	27	8	3	1	0	0	0	0	0
Short Term Debt	91	114	84	0	0	87	96	0	73	25
Trade Payables	24	20	42	45	43	42	47	41	62	42
Others Liabilities ⓘ	86	111	78	62	58	140	124	113	109	105
Total Liabilities ⓘ	404	535	579	566	617	861	942	889	1,099	1,076
Fixed Assets
Gross Block	237	263	268	195	215	234	265	271	292	295
Accumulated Depreciation	56	74	95	22	43	70	96	119	140	161
Net Fixed Assetsⓘ	181	188	173	173	172	164	169	152	152	134
CWIP ⓘ	1	0	1	16	34	40	21	20	12	20
Investmentsⓘ	0	0	5	12	27	29	35	35	33	298
Inventories	11	11	13	40	88	129	130	134	155	117
Trade Receivables	53	63	96	131	123	165	252	178	314	203
Cash Equivalents	104	203	250	135	97	99	107	151	133	83
Others Assetsⓘ	54	70	41	59	78	234	229	220	301	221
Total Assets ⓘ	404	535	579	566	617	861	942	889	1,099	1,076

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	115	128	135	45	29	10	59	116	-9	242
PBT ⓘ	88	142	171	142	107	130	143	85	176	81
Adjustment ⓘ	20	41	37	36	29	28	12	13	6	23
Changes in Working Capital ⓘ	31	-18	-22	-75	-63	-111	-44	39	-142	166
Tax Paid ⓘ	-24	-36	-52	-58	-46	-37	-52	-20	-49	-29
Cash Flow From Investing Activity ⓘ	-72	-30	-10	-34	-52	-79	-37	-9	-49	-243
Capex	-72	-30	-6	-28	-38	-27	-15	-5	-13	-7
Net Investments	0	0	-5	-7	-15	0	0	0	0	0
Others ⓘ	0	0	0	0	0	-52	-22	-4	-36	-236
Cash Flow From Financing Activityⓘ	18	2	-78	-120	-15	72	-25	-99	60	-63
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	32	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-11	-19	-16	-9	-5	-4	-7	-3	-3	-5
Dividend Paid ⓘ	-4	-6	-11	-9	-10	-6	-24	0	-10	-10
Others ⓘ	1	27	-51	-102	0	82	6	-96	73	-48
Net Cash Flow ⓘ	62	101	47	-110	-39	3	-3	9	2	-64

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	38.69	44.98	35.51	22.41	14.41	14.71	17.16	8.49	16.14	6.75
ROCE (%)	37.8	44.39	41.48	32.18	22.93	22.24	20.68	11.6	21.58	9.25
Asset Turnover Ratio	1.27	1.09	0.98	0.95	0.94	0.82	0.82	0.5	0.79	0.51
PAT to CFO Conversion(x)	2.02	1.29	1.21	0.49	0.41	0.12	0.54	1.93	-0.07	4.1
Working Capital Days
Receivable Days	43	41	53	76	83	87	103	172	114	170
Inventory Days	23	8	8	18	42	65	64	106	67	89
Payable Days	37	38	53	81	74	63	51	83	51	71

Kitex Garments Ltd Stock News

Kitex Garments Ltd FAQs

What is the share price of Kitex Garments?

Company share prices are keep on changing according to the market conditions. The closing price of Kitex Garments on 18-Apr-2024 09:42 is ₹195.7.

What is the market cap of Kitex Garments?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Apr-2024 09:42 the market cap of Kitex Garments stood at ₹1,298.4.

What is the P/E ratio of Kitex Garments?

The latest P/E ratio of Kitex Garments as of 18-Apr-2024 09:42 is 27.97.

What is the P/B ratio of Kitex Garments?

The latest P/B ratio of Kitex Garments as of 18-Apr-2024 09:42 is 1.39.

What is the 52-week high and low of Kitex Garments?

The 52-week high of Kitex Garments is ₹287.2 and the 52-week low is ₹145.7.

What is the TTM revenue of Kitex Garments?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kitex Garments is ₹541.6 ( Cr.) .

About Kitex Garments Ltd

Kitex Garments incorporated in 1992, it commenced its production in 1996, after setting up its world-class facility on a 105 acre landscape at Kochi. It was primarily conceived with a domestic focus, intending to make the most of the strong brand power the group enjoyed in the state of Kerala. It also tied up with a leading Italian company for manufacture & sale of undergarments positioned at the premium segment.

However, it experienced that the highly up market innerwear products would not generate volumes enough for the huge facility being set-up. Plus the high credit period & even bad debts led the company to naturally shift its focus to the exports markets.

KGL has had a key focus on the US markets, where the customers generally demand for bulk deliveries, much in contrast to the relatively smaller orders by the Europeon buyers. This time round, KGL experienced a little less than expected growth for a few years as most buyer representatives sourced their entire requirement from the textile hub of Tirupur (5 hrs drive from Kochi, with no flight connections).

However, with the coming up of an international airport at Kochi and having been satisfied with the production at its top-class facilities, Kitex Garments has no looking back. Further with no quotas on textiles, it is now enabled to scale up its operations and is poised to evolve as a notable player in the Indian textile space.

Business Area of Company

The company manufactures all kinds of garments for exports. Infant wear dominates with over 90% share in production; Capacity (infant wear) increased to 200,000 pcs per day; Vertical integration through fabric & processing plant.