SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Kitex Garments Ltd (KITEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 521248 NSE: KITEX Textile | Small Cap | Kitex Garments Share Price

₹164.35 2.80 (1.73%)

As on 04-Jun'26 16:59

Kitex Garments Ltd (KITEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 521248 NSE: KITEX Textile | Small Cap | Kitex Garments Share Price

₹164.35 2.80 (1.73%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,279 Cr.
Current Price
₹164.4
52-Week Low / High
₹138 / 304
TTM EPS
₹2.9
TTM Sales
₹592 Cr.
Book Value per Share
₹57.8
P/E Ratio
57.62
Higher than its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
2.84
Higher than its 5-year historical median
Price to Sales (P/S)
5.54
Higher than its 5-year historical median
EV/EBITDA
37.62
Higher than its 5-year historical median
Dividend Yield
0.28%
Profitability Efficiency
Return on Equity (ROE)
14.79%
Return on Capital Employed (ROCE)
19.13%
Return on Assets (ROA)
11.82%
Operating Profit Margin
20.3%
Net Profit Margin
15.56%
Gross Profit Margin
22.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
59.31%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
95.09%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
124.3%
Asset Quality
Promoter Holding
56.66%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,134 Cr.
Equity
₹20 Cr.
Face Value
₹1
All Time Low / High
₹0.01 / 320.95

Kitex Garments stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is Kitex Garments Ltd a good quality company?
Kitex Garments Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Kitex Garments Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kitex Garments Ltd vs industry peers?
Kitex Garments Ltd revenue CAGR is 5.86%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Kitex Garments Ltd?
Promoters hold 56.66% of the Kitex Garments Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Kitex Garments Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.6% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 41.5%32.2%22.9%22.2%20.7%11.6%21.6%9.3%10.8%19.1%-
Value Creation
Index
2.01.30.60.60.5-0.20.5-0.3-0.20.4-

Growth Parameters

Sales 546546557607739455788557617983592
Sales YoY Gr.-0%2.1%8.9%21.8%-38.4%73.1%-29.3%10.8%59.3%-
Adj EPS 5.14.83.53.54.335.62.237.12.9
YoY Gr.--5%-26.9%-0.3%21.4%-30.4%89.5%-61.7%37.7%140.5%-
BVPS (₹) 18.422.825.929.733.836.942.845.448.355.457.8
Adj Net
Profit
10195.770.169.884.759.111242.959.114257
Cash Flow from Ops. 13544.728.69.758.9116-9.5242-30.178.3-
Debt/CF from Ops. 0.80.20.39.31.60-7.70.1-2.52.1-

CAGR

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%
BVPS13%10.4%9%14.8%
Share Price 3.9% 34% 42.4% -41.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
31.923.314.412.613.48.414.14.96.313.75
Op. Profit
Mgn %
34.63224.122.918.22221.713.916.620.37.5
Net Profit
Mgn %
18.517.512.611.511.51314.27.79.614.59.6
Debt to
Equity
0.3000.20.100.100.10.20
Working Cap
Days
98127170246281458301413330259246
Cash Conv.
Cycle
315288120140232150220185145141

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales546546557607739455788557617983
Operating Expenses + 357376423468607355617493514783
Manufacturing Costs4867757710956957193143
Material Costs211195217246321195367265255422
Employee Cost 75849310512177114109119158
Other Costs 23303940552741494760
Operating Profit 18917013413913210017164102200
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 + 203322441030432537
Exceptional Items 0000000000
Interest 169647344714
Depreciation 21222327262321212116
Profit Before Tax 171142107130143851768199207
Tax 59503749342547223154
Profit After Tax 112927081109601285968153
PAT Margin (%) 20.5%16.9%12.6%13.4%14.7%13.2%16.3%10.7%11.1%15.6%
Adjusted EPS (₹)5.64.63.54.15.53.06.43.03.47.7
Dividend Payout Ratio (%)6.40%7.70%14.30%12.30%9.20%16.70%7.80%16.80%14.60%6.50%

Valuation of Kitex Garments - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3674565165916757358559059631,106
Share Capital 55777777720
Reserves 3634515105856697298488989561,086
Debt +923187960732577163
Long Term Debt8310000000
Short Term Debt840087960732577163
Minority Interest0000000000
Trade Payables42454342474162425274
Others Liabilities 786258140124113109547184
Total Liabilities 5795666178619428891,0991,0261,1631,426

Fixed Assets

Net Fixed Assets +173173172164169152152134114102
Gross Block268195215234265271292295296296
Accumulated Depreciation9522437096119140161182194
CWIP 1163440212012202634
Investments 5122729353533298333455
Inventories134088129130134155117164189
Trade Receivables96131123165252178314203257340
Cash Equivalents 2501359799107151133836662
Others Assets 415978234229220301170203244
Total Assets 5795666178619428891,0991,0261,1631,426

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 13545291059116-9242-3078
PBT 171142107130143851768199207
Adjustment 3736292812136231527
Changes in Working Capital -22-75-63-111-4439-142166-119-106
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 -5-7-150000000
Others 000-52-22-4-36-2364-140
Cash Flow From Financing Activity + -78-120-1572-25-9960-633762
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -190-30000000
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 -33-1022826-9673-485286
Net Cash Flow 47-110-393-392-645-11

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)35.5122.4114.4114.7117.168.4916.146.757.314.79
ROCE (%)41.4832.1822.9322.2420.6811.621.589.2510.8119.13
Asset Turnover Ratio0.980.950.940.820.820.50.790.520.560.76
PAT to CFO Conversion(x)1.210.490.410.120.541.93-0.074.1-0.440.51
Working Capital Days
Receivable Days53.1075.9083.2086.70102.90172113.90169.60136.20110.70
Inventory Days8.1017.904265.2064106.1066.908983.1065.70
Payable Days52.9081.307462.7050.808351.1071.2067.3054.50

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kitex Garments Ltd FAQs

The current trading price of Kitex Garments on 04-Jun-2026 16:59 is ₹164.3.

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 03-Jun-2026 the market cap of Kitex Garments stood at ₹3,278.8 Cr

The latest P/E ratio of Kitex Garments as of 03-Jun-2026 is 57.62.

The latest P/B ratio of Kitex Garments as of 03-Jun-2026 is 2.84.

The 52-week high of Kitex Garments is ₹304.0 and the 52-week low is ₹138.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kitex Garments is ₹592 ( Cr.) .

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

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

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.

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.

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×