Is Kitex Garments Ltd (KITEX) 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 Ltd (KITEX) 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 Ltd (KITEX) share price return in the past 10 years?

Kitex Garments Ltd share price has appreciated 4.9% annually (CAGR) over the past ten years.

Is Kitex Garments Ltd (KITEX) a good buy now?

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

What is the share price of Kitex Garments Ltd (KITEX)?

Company share prices are keep on changing according to the market conditions. The current trading price of Kitex Garments Ltd (KITEX) on 10-Apr-2026 16:59:59 at 16:59 is 169.80.

What is the market cap of Kitex Garments Ltd (KITEX)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Apr-2026 at 16:59, the market cap of Kitex Garments stood at Rs. 3387.51 Cr.

What is the P/E ratio of Kitex Garments?

The latest standalone P/E ratio of Kitex Garments as of 10-Apr-2026 is 38.99.

What is the P/B ratio of Kitex Garments Ltd (KITEX)?

The latest standalone P/B ratio of Kitex Garments Ltd (KITEX) as of 10-Apr-2026 is 2.96.

What is the 52-week high and low of Kitex Garments Ltd (KITEX)?

The 52-week high of Kitex Garments Ltd (KITEX) is Rs. 320.95 and the 52-week low is Rs. 138.45.

What is the TTM revenue of Kitex Garments Ltd (KITEX)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kitex Garments is Rs. 781.31 (Cr.).

Kitex Garments Ltd (KITEX) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Kitex Garments Ltd (KITEX)
Brand: Kitex Garments

10 Year X-Ray :

Analysis of Financial Track Record

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'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	41.5%	32.2%	22.9%	22.2%	20.7%	11.6%	21.6%	9.3%	10.8%	19.1%	-
Value Creation Index ⓘ	2.0	1.3	0.6	0.6	0.5	-0.2	0.5	-0.3	-0.2	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	546	546	557	607	739	455	788	557	617	983	781
Sales YoY Gr.	-	0%	2.1%	8.9%	21.8%	-38.4%	73.1%	-29.3%	10.8%	59.3%	-
Adj EPS ⓘ	5.1	4.8	3.5	3.5	4.3	3	5.6	2.2	3	7.1	4.4
YoY Gr.	-	-5%	-26.9%	-0.3%	21.4%	-30.4%	89.5%	-61.7%	37.7%	140.5%	-
BVPS (₹) ⓘ	18.4	22.8	25.9	29.7	33.8	36.9	42.8	45.4	48.3	55.4	57.3
Adj Net Profit ⓘ	101	95.7	70.1	69.8	84.7	59.1	112	42.9	59.1	142	87
Cash Flow from Ops. ⓘ	135	44.7	28.6	9.7	58.9	116	-9.5	242	-30.1	78.3	-
Debt/CF from Ops. ⓘ	0.8	0.2	0.3	9.3	1.6	0	-7.7	0.1	-2.5	2.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.8%	5.9%	7.6%	59.3%
Adj EPS ⓘ	3.9%	10.9%	8.3%	140.5%
BVPSⓘ	13%	10.4%	9%	14.8%
Share Price	4.9%	39.2%	51%	-22.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	31.9	23.3	14.4	12.6	13.4	8.4	14.1	4.9	6.3	13.7	7.7
Op. Profit Mgn % ⓘ	34.6	32	24.1	22.9	18.2	22	21.7	13.9	16.6	20.3	11.1
Net Profit Mgn % ⓘ	18.5	17.5	12.6	11.5	11.5	13	14.2	7.7	9.6	14.5	11.1
Debt to Equity ⓘ	0.3	0	0	0.2	0.1	0	0.1	0	0.1	0.2	-
Working Cap Days ⓘ	98	127	170	246	281	458	301	413	330	259	190
Cash Conv. Cycle ⓘ	31	52	88	120	140	232	150	220	185	145	112

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 7.70%

Sales growth has been subdued in last 3 years 7.63%

Net Profit has been subdued in last 3 years 8.27%

Sales growth is not so good in last 4 quarters at -2.04%

	Standalone	Consolidated
TTM EPS (₹)	4.4	2.2
TTM Sales (₹ Cr.)	781	801
BVPS (₹) ⓘ	57.3	51.4
Reserves (₹ Cr.) ⓘ	1,123	1,005
P/BV ⓘ	2.96	3.30
PE ⓘ	38.99	79.02

From the Market
52 Week Low / High (₹)	138.45 / 320.95
All Time Low / High (₹)	0.01 / 320.95
Market Cap (₹ Cr.)	3,388
Equity (₹ Cr.)	20
Face Value (₹)	1
Industry PE ⓘ	32.8

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	546	546	557	607	739	455	788	557	617	983
Operating Expenses ⓘ +	357	376	423	468	607	355	617	493	514	783
Manufacturing Costs	48	67	75	77	109	56	95	71	93	143
Material Costs	211	195	217	246	321	195	367	265	255	422
Employee Cost	75	84	93	105	121	77	114	109	119	158
Other Costs ⓘ	23	30	39	40	55	27	41	49	47	60
Operating Profit ⓘ	189	170	134	139	132	100	171	64	102	200
Operating Profit Margin (%)	34.6%	31.1%	24.1%	22.9%	17.9%	22.0%	21.7%	11.5%	16.6%	20.3%
Other Income ⓘ +	20	3	3	22	44	10	30	43	25	37
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	16	9	6	4	7	3	4	4	7	14
Depreciation ⓘ	21	22	23	27	26	23	21	21	21	16
Profit Before Tax ⓘ	171	142	107	130	143	85	176	81	99	207
Tax ⓘ	59	50	37	49	34	25	47	22	31	54
Profit After Tax	112	92	70	81	109	60	128	59	68	153
PAT Margin (%)	20.5%	16.9%	12.6%	13.4%	14.7%	13.2%	16.3%	10.7%	11.1%	15.6%
Adjusted EPS (₹)	5.6	4.6	3.5	4.1	5.5	3.0	6.4	3.0	3.4	7.7
Dividend Payout Ratio (%)	6%	8%	14%	12%	9%	17%	8%	17%	15%	7%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	367	456	516	591	675	735	855	905	963	1,106
Share Capital ⓘ	5	5	7	7	7	7	7	7	7	20
Reserves ⓘ	363	451	510	585	669	729	848	898	956	1,086
Debt +	92	3	1	87	96	0	73	25	77	163
Long Term Debt	8	3	1	0	0	0	0	0	0	0
Short Term Debt	84	0	0	87	96	0	73	25	77	163
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	42	45	43	42	47	41	62	42	52	74
Others Liabilities ⓘ	78	62	58	140	124	113	109	54	71	84
Total Liabilities ⓘ	579	566	617	861	942	889	1,099	1,026	1,163	1,426
Fixed Assets
Net Fixed Assets ⓘ +	173	173	172	164	169	152	152	134	114	102
Gross Block	268	195	215	234	265	271	292	295	296	296
Accumulated Depreciation	95	22	43	70	96	119	140	161	182	194
CWIP ⓘ	1	16	34	40	21	20	12	20	26	34
Investments ⓘ	5	12	27	29	35	35	33	298	333	455
Inventories	13	40	88	129	130	134	155	117	164	189
Trade Receivables	96	131	123	165	252	178	314	203	257	340
Cash Equivalents	250	135	97	99	107	151	133	83	66	62
Others Assets ⓘ	41	59	78	234	229	220	301	170	203	244
Total Assets ⓘ	579	566	617	861	942	889	1,099	1,026	1,163	1,426

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	135	45	29	10	59	116	-9	242	-30	78
PBT ⓘ	171	142	107	130	143	85	176	81	99	207
Adjustment ⓘ	37	36	29	28	12	13	6	23	15	27
Changes in Working Capital ⓘ	-22	-75	-63	-111	-44	39	-142	166	-119	-106
Tax Paid ⓘ	-52	-58	-46	-37	-52	-20	-49	-29	-25	-50
Cash Flow From Investing Activity ⓘ +	-10	-34	-52	-79	-37	-9	-49	-243	-2	-151
Capex	-6	-28	-38	-27	-15	-5	-13	-7	-6	-11
Net Investments	-5	-7	-15	0	0	0	0	0	0	0
Others ⓘ	0	0	0	-52	-22	-4	-36	-236	4	-140
Cash Flow From Financing Activity ⓘ +	-78	-120	-15	72	-25	-99	60	-63	37	62
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-19	0	-3	0	0	0	0	0	0	0
Interest Paid ⓘ	-16	-9	-5	-4	-7	-3	-3	-5	-5	-14
Dividend Paid ⓘ	-11	-9	-10	-6	-24	-0	-10	-10	-10	-10
Others ⓘ	-33	-102	2	82	6	-96	73	-48	52	86
Net Cash Flow ⓘ	47	-110	-39	3	-3	9	2	-64	5	-11

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	35.51	22.41	14.41	14.71	17.16	8.49	16.14	6.75	7.3	14.79
ROCE (%)	41.48	32.18	22.93	22.24	20.68	11.6	21.58	9.25	10.81	19.13
Asset Turnover Ratio	0.98	0.95	0.94	0.82	0.82	0.5	0.79	0.52	0.56	0.76
PAT to CFO Conversion(x)	1.21	0.49	0.41	0.12	0.54	1.93	-0.07	4.1	-0.44	0.51
Working Capital Days
Receivable Days	53	76	83	87	103	172	114	170	136	111
Inventory Days	8	18	42	65	64	106	67	89	83	66
Payable Days	53	81	74	63	51	83	51	71	67	54

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.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
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Kitex Garments Ltd (KITEX) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Kitex Garments Share Price