Kitex Garments Ltd logo

Kitex Garments Ltd

KITEX NSE

Key Fundamentals

MicrocapTextiles & ApparelsTextiles
Market Cap
₹2,929 Cr
Volatility
Moderate
P/E Ratio
499.48
EBITDA
₹28.38 Cr
Return on Equity
11.22%
Debt to Equity
1.16
Book Value
₹51.62
52W High
₹232.7
52W Low
₹138.2

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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43 extracted metrics + investor summaries across FY08–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company has been maintaining a healthy dividend payout of 64.6%
  • Debtor days have improved from 115 to 68.2 days.
  • Company's working capital requirements have reduced from 119 days to 11.6 days

Weaknesses

6
  • Stock is trading at 2.81 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.93% over past five years.
  • Company has a low return on equity of 7.11% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.69.8 Cr.

Growth Rate

Revenue Growth
-33.39% ↘
Net Income Growth
-108.88% ↘
Cash Flow Change
241.87% ↗
ROE
107.39% ↗
ROCE
66.04% ↘
EBITDA Margin (Avg.)
-82.42% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 32d ago
AI opinion · based on fundamentals
Risk high

Kitex Garments Ltd, with a market cap of ~Rs.3,172 Cr, is experiencing a sharp earnings decline with TTM profit down 93% and a negative PE of -241.7, despite historically strong working capital management and dividend payouts. The company's 5-year stock CAGR of 34% contrasts starkly with its recent 1-year decline of 43%, reflecting deteriorating fundamentals in the near term.

Bull Case 7
  • Working capital days dramatically improved from 119 days to just 11.6 days, indicating significantly more efficient capital utilization
  • Debtor days improved from 115 to 68.2 days, reflecting better receivables management and cash conversion
  • Healthy dividend payout ratio of 64.6%, demonstrating management's commitment to returning capital to shareholders
  • 5-year stock CAGR of 34% and 3-year CAGR of 36% show strong medium-term wealth creation track record
  • 10-year ROE average of 11% indicates the business historically generated reasonable returns on shareholder equity
  • 5-year compounded sales growth of 8% shows the topline has grown steadily over a longer horizon despite recent weakness
  • Price-to-book of 3.09x suggests the market still assigns a premium to the company's asset base and brand value
Bear Case 8
  • TTM compounded profit declined 93%, signaling a severe earnings collapse in the most recent period
  • Negative PE ratio of -241.7 indicates the company is currently loss-making on a trailing basis
  • TTM sales declined 32%, pointing to a significant demand or operational disruption
  • 3-year compounded profit CAGR of -44% shows earnings erosion is not just a one-quarter anomaly but a sustained trend
  • Last year ROE collapsed to just 1%, down from a 5-year average of 9%, reflecting very poor capital efficiency
  • Low interest coverage ratio raises concerns about the company's ability to service debt from operating profits
  • Earnings include other income of Rs.69.8 Cr, meaning core operating profitability is even weaker than headline numbers suggest
  • Stock has fallen 43% in the last 1 year, eroding significant shareholder value and reflecting market skepticism about near-term recovery

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 32d ago
Neutral 3
  • Demerger scheme meetings July 24 Jun 23

    Kitex Garments will hold shareholder and creditor meetings on July 24, 2026, to approve a demerger scheme involving Kitex Childrenswear. E-voting runs July 20-23.

  • New independent director appointed Jun 30

    Bijoy Philipose appointed as Non-Executive Independent Director for a five-year term effective June 30, 2026, subject to shareholder approval.

  • Internal auditor appointed for FY27 Jun 30

    K. Venkatachalam Aiyer & Co appointed as internal auditor for FY 2026-2027, effective June 30, 2026.

TL;DR: Recent news flow for Kitex Garments is entirely procedural with no material positives or negatives. The company is progressing on a demerger of its childrenswear business and refreshing its board and audit functions. No operational or financial risks have surfaced, but the demerger outcome on July 24 could be a near-term catalyst worth monitoring.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
97.71
146
134
164
173
190
216
276
300
197
122
182
166
Expenses
104
132
115
132
139
150
161
222
249
163
138
174
165
Operating Profit
-6.49
13.98
19.43
32.59
34.51
40.38
54.84
54.4
51.14
34.19
-15.96
8.49
1.67
OPM %
-6.64%
9.59%
14.5%
19.86%
19.94%
21.2%
25.4%
19.69%
17.04%
17.38%
-13.07%
4.67%
1%
Other Income
17.13
2.39
6.12
2.5
3.24
2.71
3.1
8.04
4.68
0.72
29.89
5.01
34.2
Interest
0.09
0.85
1.75
1.89
2.84
2.09
3.41
3.53
4.98
3.54
8.24
12.68
20.76
Depreciation
5.14
5.28
5.14
5.2
5.08
4.69
4.23
3.66
3.16
3.17
7.98
13.19
20.24
PBT
5.41
10.24
18.66
28
29.83
36.31
50.3
55.25
47.68
28.2
-2.29
-12.37
-5.13
Tax %
45.1%
23.73%
28.67%
46.54%
33.83%
26.52%
26.98%
26.66%
33.28%
31.52%
171.18%
37.43%
81.09%
Net Profit
2.97
7.81
13.31
14.97
19.74
26.69
36.73
40.51
31.82
19.3
-6.22
-17
-9.28
EPS in Rs
0.17
0.39
0.67
0.76
1.01
1.37
1.87
2.06
1.66
1.04
-0.08
-0.47
-0.2
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
511
546
546
557
607
739
455
788
557
617
983
667
Expenses
340
357
376
423
468
607
355
618
496
516
782
639
Operating Profit
171
189
170
134
139
132
100
171
61
101
201
28
OPM %
34%
35%
31%
24%
23%
18%
22%
22%
11%
16%
20%
4.3%
Other Income
13
20
3
2
22
39
4
27
44
14
19
70
Interest
21
16
9
6
4
7
3
4
4
7
14
45
Depreciation
21
21
22
23
27
26
23
21
21
21
16
45
PBT
142
171
142
107
130
138
79
173
79
87
190
8
Tax %
30%
34%
35%
35%
37%
25%
31%
28%
28%
36%
28%
257%
Net Profit
99
110
83
64
71
103
54
125
57
56
136
-13
EPS in Rs
4.94
5.5
4.18
3.19
3.58
5.18
2.72
6.27
2.88
2.82
6.95
0.3
Div. Payout %
6%
6%
9%
16%
14%
10%
18%
8%
17%
18%
7%
169%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
5
5
7
7
7
7
7
7
7
20
20
Reserves
259
360
440
492
557
635
689
806
852
898
1,013
1,010
Borrowings
161
110
8
8
90
96
0
73
25
681
1,082
1,199
Other Liabilities
110
101
102
93
104
98
92
108
251
339
471
813
Total Liabilities
535
576
555
600
758
835
787
994
1,134
1,925
2,587
3,042
Fixed Assets
188
173
173
172
214
234
227
243
264
244
232
1,142
CWIP
0
1
16
34
40
21
20
12
292
886
1,391
946
Investments
0
2
1
9
0
0
0
0
0
0
0
0
Other Assets
347
400
366
385
503
581
540
739
578
795
964
954
Total Assets
535
576
555
600
758
835
787
994
1,134
1,925
2,587
3,042
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
128
135
45
29
9
51
116
-10
295
-38
54
346
Investing
-30
-10
-41
-51
-79
-26
-8
-46
-415
-607
-455
-341
Financing
2
-78
-120
-15
72
-25
-99
60
57
650
390
64
Net Cash Flow
101
47
-116
-38
1
0
10
4
-62
4
-10
68
Free Cash Flow
98
129
17
-9
-68
22
107
-37
-121
-655
-451
18
CFO/OP
75
99
61
55
33
78
136
23
533
-13
52
1,325
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
45
64
88
81
99
124
142
145
133
152
126
68
Inventory Days
20
22
76
148
191
148
252
154
161
235
165
165
Days Payable
34
72
85
72
62
54
77
61
58
79
67
61
Cash Conversion Cycle
30
15
79
157
228
218
317
238
237
308
224
173
Working Capital Days
-58
-24
99
138
136
137
242
177
176
207
137
12
ROCE %
—
42%
33%
24%
23%
21%
11%
22%
9%
7%
10%
2%

Shareholding Pattern

As of Jun 2026
Promoters 56.66%
Public 35.91%
Others 6.10%
FIIs 1.21%
DIIs 0.12%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Jan 2025Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
55.57%
55.57%
55.57%
56.42%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
56.66%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.68%
0.66%
0.00%
0.96%
0.82%
0.74%
1.10%
0.97%
0.90%
0.93%
1.16%
0.91%
0.88%
1.21%
DIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.40%
0.60%
0.87%
0.90%
0.34%
0.16%
0.13%
0.12%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
30.78%
29.94%
31.14%
29.87%
29.75%
29.77%
30.01%
30.18%
30.20%
29.93%
30.27%
29.93%
30.35%
30.46%
30.80%
30.88%
30.54%
30.34%
30.60%
31.08%
31.86%
32.94%
35.91%
Others
13.65%
14.48%
13.29%
13.71%
13.59%
13.57%
13.34%
13.17%
13.15%
12.73%
12.41%
13.41%
12.03%
12.06%
11.81%
10.96%
11.24%
11.23%
10.91%
10.77%
10.42%
9.39%
6.10%
No. of Shareholders
36,830
36,638
59,884
51,995
58,352
59,542
58,839
57,826
57,230
56,305
54,752
52,657
54,361
53,487
55,863
68,465
72,787
79,057
84,159
98,214
97,407
1,00,555
99,677

Documents

1
Concall - Jul 2018 Jul 2018
2
Concall - Aug 2018 Aug 2018
3
Concall - Nov 2018 Nov 2018
4
Concall - Feb 2019 Feb 2019
5
Concall - Aug 2019 Aug 2019

Frequently Asked Questions about Kitex Garments Ltd

What does Kitex Garments Ltd do?
Kitex Garments Limited was incorporated in 1992 and is promoted by Mr. Sabu M Jacob. The company exports cotton and organic cotton garments especially infant wear to US and European markets[1]
Where is Kitex Garments Ltd (KITEX) listed?
Kitex Garments Ltd is listed on the Indian stock exchanges. It is listed on NSE: KITEX and BSE: 521248. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Kitex Garments Ltd belong to?
Kitex Garments Ltd operates in the Textiles sector within the Textiles & Apparels industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Kitex Garments Ltd?
Kitex Garments Ltd has a market capitalisation of approximately ₹2928.66 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Kitex Garments Ltd?
The Price-to-Earnings (PE) ratio of Kitex Garments Ltd is 499.48. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Kitex Garments Ltd?
Over the past 52 weeks, Kitex Garments Ltd has traded between a low of ₹138.2 and a high of ₹232.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Kitex Garments Ltd pay dividends?
Yes, Kitex Garments Ltd has a dividend yield of 0.35%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Kitex Garments Ltd?
Kitex Garments Ltd has a Return on Equity (ROE) of 11.22%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Kitex Garments Ltd on Tapetide?
On Tapetide, you can view Kitex Garments Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Kitex Garments Limited was incorporated in 1992 and is promoted by Mr. Sabu M Jacob. The company exports cotton and organic cotton garments especially infant wear to US and European markets[1]

Website kitexgarments.com
CEO Mr. Sabu Meckamkunnel Jacob
Employees 5,258
Listed 2012-09-25
Face Value ₹ 1
Issued Size 19,95,00,000

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