Kitex Garments Ltd Stock Analysis

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

BSE Share Price 29-Nov-2022 18:01
193.90 0.40 (0.21%)

DeciZen - Make an Informed Decision on Kitex Garments

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Kitex Garments Price Chart

P/E Ratio (SA) :
9.13
Market Cap :
1,286.8 Cr.
52-wk low :
155.4
52-wk high :
308.9
Bole Toh?

1. Is Kitex Garments Ltd a good quality company?

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

2. Is Kitex Garments Ltd 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 Fair zone.

3. Is Kitex Garments Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kitex Garments Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 17.4%21.8%29%24.8%21.7%15%12%12.3%8.1%13.8%-
Value Creation Index 0.20.61.10.80.60.1-0.1-0.1-0.4-0.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 317442511546546557607739455788848
YoY Gr. Rt. %-39.5%15.6%6.8%0%2.1%8.9%21.8%-38.4%73.1%-
Adj EPS 4.27.413.815.114.410.510.512.78.916.821.2
YoY Gr. Rt. %-79%85.1%10.1%-4.9%-26.8%-0.4%21.3%-30.2%89.2%-
BVPS (₹) 18.426.239.755.368.577.688.9101.5110.6128.5136.3
Adj Net Profit 27.649.491.410195.770.169.884.759.1112141
Cash Flow from Ops. 24.411512813544.728.69.758.91163.5-
Debt/CF from Ops. 4.21.21.30.80.20.39.31.6021-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.7%7.6%9.1%73.1%
Adj EPS 16.8%3.2%17%89.2%
BVPS 24.113.413.116.3
Share Price 16.1% -8.8% 25.2% 19.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 25.133.341.731.923.314.412.613.48.414.116
Op. Profit Mgn % 19.521.933.534.63224.122.918.22221.720.5
Net Profit Mgn % 8.711.217.918.517.512.611.511.51314.216.6
Debt to Equity 0.80.80.60.3000.20.100.10
Working Cap Days 1391049398127170246281458302383
Cash Conv. Cycle 684126315288120140232150311

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.00%

Net Profit is growing at healthy rate in last 3 years 17.01%

Sales growth is good in last 4 quarters at 59.13%

Sales growth has been subdued in last 3 years 9.12%

Latest Financials - Kitex Garments Ltd.

Standalone Consolidated
TTM EPS (₹) 21.2 20.6
TTM Sales (₹ Cr.) 848 848
BVPS (₹.) 136.3 133.2
Reserves (₹ Cr.) 900 879
P/BV 1.42 1.45
PE 9.13 9.37
From the Market
52 Week Low / High (₹) 155.40 / 308.90
All Time Low / High (₹) 0.03 / 764.29
Market Cap (₹ Cr.) 1,287
Equity (₹ Cr.) 6.7
Face Value (₹) 1
Industry PE 23.7

Management X-Ray of Kitex Garments :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kitex Garments

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Kitex Garments Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kitex Garments on 29-Nov-2022 18:01 is : 193.9.
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 29-Nov-2022 18:01 the market cap of Kitex Garments stood at ₹ 1,286.8.
The latest PE ratio of Kitex Garments as of 29-Nov-2022 18:01 is 9.13.
The latest PB ratio of Kitex Garments as of 29-Nov-2022 18:01 is 1.42
The 52-week high of Kitex Garments is ₹ 308.9 and the 52-week low is ₹ 155.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Kitex Garments is ₹ 847.5 ( 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.

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