Is Kewal Kiran Clothing a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kewal Kiran Clothing Ltd is a good quality company .

Is Kewal Kiran Clothing undervalued or overvalued?

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

What is Kewal Kiran Clothing share price return in the past 10 years?

Kewal Kiran Clothing Ltd share price has appreciated 5% annually (CAGR) over the past ten years.

Is Kewal Kiran Clothing a good buy now?

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

Kewal Kiran Clothing Ltd - Stock Valuation and Financial Performance

Name: Kewal Kiran Clothing
Brand: Kewal Kiran Clothing

BSE: 532732 | NSE: KKCL | Textile | Small Cap

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Kewal Kiran Clothing Share Price

₹599.60 3.30 0.55%
as on 26-Dec'24 15:21

10 Year X-Ray of Kewal Kiran Clothing:

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'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	31.8%	32.4%	30%	26.3%	26%	19.7%	5.7%	21.3%	28.4%	32%	-
Value Creation Index ⓘ	1.3	1.3	1.2	0.9	0.9	0.4	-0.6	0.5	1.0	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	417	467	467	460	503	530	303	608	779	861	824
Sales YoY Gr.	-	12%	-0.1%	-1.3%	9.2%	5.3%	-42.9%	100.7%	28.3%	10.4%	-
Adj EPS ⓘ	10.7	10.9	12	11.8	13	11.8	3.2	13.1	19.3	25.1	26.1
YoY Gr.	-	1.8%	10.3%	-1.6%	9.5%	-9.3%	-73%	313.2%	46.9%	29.8%	-
BVPS (₹) ⓘ	51.9	48.5	60.8	64.9	69.9	72.4	70.3	77.6	88.8	109.8	124.4
Adj Net Profit ⓘ	66.1	67.2	74.2	73	79.9	72.5	19.6	81	119	154	161
Cash Flow from Ops. ⓘ	75.3	46.9	80.1	55.6	-0.4	50.9	96.7	56.9	75.1	136	-
Debt/CF from Ops. ⓘ	0.2	0.6	0.5	0.9	-252.6	1.7	0.5	1.4	0.7	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.4%	11.3%	41.7%	10.4%
Adj EPS ⓘ	9.9%	14.1%	99%	29.8%
BVPSⓘ	8.7%	9.5%	16%	23.6%
Share Price	5%	25.2%	32.4%	-23.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	21.7	21.7	22	18.9	19.2	16.5	4.5	17.8	23.2	25.2	22.3
Op. Profit Mgn % ⓘ	23.2	22.3	21.2	21.3	22.3	18	6.2	16.5	19.5	20	19.7
Net Profit Mgn % ⓘ	15.9	14.4	15.9	15.9	15.9	13.7	6.5	13.3	15.3	17.9	19.5
Debt to Equity ⓘ	0	0.1	0.1	0.1	0.2	0.2	0.1	0.2	0.1	0	0
Working Cap Days ⓘ	112	120	133	140	166	189	296	128	129	129	325
Cash Conv. Cycle ⓘ	65	69	78	86	115	139	193	80	85	83	237

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.30%

Sales growth is growing at healthy rate in last 3 years 41.65%

Net Profit is growing at healthy rate in last 3 years 99.00%

Sales growth is not so good in last 4 quarters at -2.05%

Latest Financials - Kewal Kiran Clothing Ltd.

	Standalone	Consolidated
TTM EPS (₹)	26.1	26.3
TTM Sales (₹ Cr.)	824	879
BVPS (₹.) ⓘ	124.4	124.4
Reserves (₹ Cr.) ⓘ	705	705
P/BV ⓘ	4.79	4.79
PE ⓘ	22.87	22.71

From the Market
52 Week Low / High (₹)	574.80 / 800.00
All Time Low / High (₹)	18.30 / 825.85
Market Cap (₹ Cr.)	3,675
Equity (₹ Cr.)	61.6
Face Value (₹)	10
Industry PE ⓘ	29.6

Management X-Ray of Kewal Kiran Clothing:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Kewal Kiran Clothing

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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 Kewal Kiran Clothing

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'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	417	467	466	460	503	530	303	608	779	860
Operating Expenses ⓘ	320	363	368	362	391	435	284	508	628	689
Manufacturing Costs	63	77	81	77	83	85	37	113	130	104
Material Costs	152	163	169	163	159	178	143	246	320	385
Employee Cost	45	51	59	65	75	71	53	80	98	105
Other Costs ⓘ	61	72	58	57	73	100	51	69	80	95
Operating Profit ⓘ	96	104	99	98	112	95	19	100	152	172
Operating Profit Margin (%)	23.2%	22.3%	21.2%	21.3%	22.3%	18.0%	6.2%	16.5%	19.5%	20.0%
Other Income ⓘ	8	7	18	21	22	18	17	17	20	42
Interest ⓘ	3	3	3	5	7	9	7	5	6	4
Depreciation ⓘ	4	4	5	6	8	8	7	7	9	10
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	98	104	108	109	119	96	22	105	157	200
Tax ⓘ	32	36	34	35	39	23	3	24	38	45
Profit After Tax	66	68	75	73	80	73	19	82	119	155
PAT Margin (%)	15.9%	14.6%	16.0%	15.9%	16.0%	13.8%	6.4%	13.4%	15.3%	18.0%
Adjusted EPS (₹)	10.8	11.0	12.1	11.9	13.0	11.9	3.2	13.3	19.4	25.1
Dividend Payout Ratio (%)	47%	109%	31%	56%	52%	73%	146%	143%	26%	8%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	320	299	375	400	430	446	433	478	547	677
Share Capital ⓘ	12	12	12	12	12	12	12	62	62	62
Reserves ⓘ	307	286	362	387	418	434	421	417	486	615
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	11	29	41	48	93	88	46	77	51	2
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	11	29	41	48	93	88	46	77	51	2
Trade Payables	30	47	39	44	45	50	37	53	48	44
Others Liabilities ⓘ	48	49	59	65	77	53	66	135	171	115
Total Liabilities ⓘ	409	423	513	557	646	637	582	743	817	838
Fixed Assets
Gross Block	96	104	68	78	99	104	109	119	142	160
Accumulated Depreciation	42	44	5	10	18	23	28	34	42	51
Net Fixed Assetsⓘ	54	60	63	68	81	81	81	85	100	108
CWIP ⓘ	4	3	7	9	2	3	1	1	1	0
Investmentsⓘ	178	161	205	230	236	195	131	146	158	185
Inventories	40	56	51	53	83	90	51	113	166	82
Trade Receivables	77	109	106	121	178	171	131	171	170	203
Cash Equivalents ⓘ	43	21	66	62	53	80	154	192	170	219
Others Assetsⓘ	12	13	14	13	13	16	34	36	52	41
Total Assets ⓘ	409	423	513	557	646	637	582	743	817	838

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	75	47	80	56	0	51	97	57	75	136
PBT ⓘ	98	104	108	109	119	96	22	105	157	200
Adjustment ⓘ	-3	0	-8	-10	-4	2	4	2	0	-14
Changes in Working Capital ⓘ	12	-25	9	-12	-78	-24	74	-26	-47	-10
Tax Paid ⓘ	-32	-32	-30	-30	-38	-23	-4	-23	-35	-40
Cash Flow From Investing Activity ⓘ	-24	10	-9	-14	3	46	62	-7	-10	-13
Capex	-20	-11	-14	-9	-12	-11	-3	-9	-16	-9
Net Investments	-7	20	4	-5	14	57	64	1	4	-3
Others ⓘ	3	1	1	0	1	0	1	1	2	-1
Cash Flow From Financing Activityⓘ	-42	-79	-27	-46	-11	-70	-85	-32	-55	-64
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-2	-3	-4	-4	-6	-8	-6	-4	-5	-3
Dividend Paid ⓘ	-39	-93	-42	-49	-50	-56	-37	-37	-49	-25
Others ⓘ	-1	18	18	8	45	-6	-42	9	0	-36
Net Cash Flow ⓘ	9	-22	43	-4	-8	27	74	17	10	59

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	21.7	21.97	22.16	18.92	19.35	16.66	4.42	17.92	23.26	25.25
ROCE (%)	31.8	32.44	30.04	26.31	25.98	19.73	5.72	21.25	28.35	31.95
Asset Turnover Ratio	1.07	1.12	1.02	0.86	0.84	0.83	0.5	1.14	1.28	1.22
PAT to CFO Conversion(x)	1.14	0.69	1.07	0.77	0	0.7	5.11	0.7	0.63	0.88
Working Capital Days
Receivable Days	62	73	82	90	108	120	182	73	62	67
Inventory Days	39	38	41	41	49	60	85	39	51	45
Payable Days	69	87	93	93	101	97	110	67	58	44

Kewal Kiran Clothing Ltd Stock News

Kewal Kiran Clothing Ltd FAQs

What is the share price of Kewal Kiran Clothing?

Company share prices are keep on changing according to the market conditions. The closing price of Kewal Kiran Clothing on 26-Dec-2024 15:21 is ₹599.6.

What is the market cap of Kewal Kiran Clothing?

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 26-Dec-2024 15:21 the market cap of Kewal Kiran Clothing stood at ₹3,674.7.

What is the P/E ratio of Kewal Kiran Clothing?

The latest P/E ratio of Kewal Kiran Clothing as of 26-Dec-2024 15:21 is 22.87.

What is the P/B ratio of Kewal Kiran Clothing?

The latest P/B ratio of Kewal Kiran Clothing as of 26-Dec-2024 15:21 is 4.79.

What is the 52-week high and low of Kewal Kiran Clothing?

The 52-week high of Kewal Kiran Clothing is ₹800.0 and the 52-week low is ₹574.8.

What is the TTM revenue of Kewal Kiran Clothing?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kewal Kiran Clothing is ₹824.0 ( Cr.) .

About Kewal Kiran Clothing Ltd

Incorporated in 1981, Kewal Kiran Clothing Limited today is amongst the few large branded apparel manufacturers in India. The company with sales in Asia, Middle East and CIS, designs, manufactures and markets branded jeans, semi-formal and casual wear for men.

The company began as a manufacturer of menâ€™s wear for reputed brands. The company is exposed to global standards in quality, technology, marketing and branding. In 1989, the company introduced â€œKillerâ€œ the first international denim brand created in India. Today 'Killer' is one of the most successful and widely recognized brands in the Indian apparel industry.

Innovation has been the hallmark of Kewal Kiran Clothing Limited. A marriage of design and technology, the company has constantly introduced new fits, finishes and fabrics. The companyâ€™s own R & D team working closely with designers is constantly innovating â€“ creating an exciting array of product lines in a variety of fabrics, washes and cuts, using the latest in technology and processes. The companyâ€™s own manufacturing and processing set up enables it to have a speedy â€˜go-to-marketâ€™ time frame â€“ from design to production.

Fashion with 'Quality' is the cornerstone of each collection introduced by the company. The companyâ€™s strong fashion forecasting and trendsetting abilities have created brands which are vibrant, trendy and with an attitude. Each brand has been carefully crafted keeping in mind desires and attitudes of specific market segments. Each brand is an expression of its customer.

The trendiest collections are backed by a strong retail and distribution network. The companyâ€™s extensive reach has been built in a strategic and planned manner over the years.

The success of Kewal Kiran Clothing Limited can be attributed to a great extent to its manufacturing capacity. The company has inherent core competency in manufacturing. From sourcing to finishing every aspect of the companyâ€™s manufacturing has added to its success.

With 5 units, an annual capacity of 25 lakh pieces, over 800 employees, the latest technologies in jeans manufacturing, the companyâ€™s ability to innovate in manufacturing enables it to quickly go from design to market.

The company has chalked out plans for growth in manufacturing capacities to meet the growing markets for its brands internationally.

Product range of the company includes:

Jeans, Cotton Shirts, Jackets, Denim Shirts, Non-Cotton Shirts, Knitted T-Shirts, Cotton Trousers, Non-Cotton Trousers and Accessories like bags, belts, caps, etc.

Brand Variety

Killer- Launched in 1989, Killer is the flagship brand of the company. A power brand. A brand that is youthful, trendy, vibrant and with an attitude. The focus of the brand is 16-25 years segment. The power brand enjoys a leadership position in the premium menswear in this segment. Killer Jeans is the largest selling denim brand in India. The brand's product line includes jeans, shirts and jackets.
Lawman-The Clubwear range of Shirts, Denims, Cotton Trousers and Denim Jackets from the Kewal Kiran Clothing Limited stable is Lawman. The range targets the young age group between 18 to 28 years. A distribution network of 15 distributors and 750 retailers and a price range from Rs 695 to Rs 1,995, the brand is growing aggressively.
Easies-A brand for the young executives and for the new times- when being successful is also being cool. A Semi-formal range for men between the age group of 25 â€“ 40 yrs the brand continues relation of Kewal Kiran Clothing Limited with its customers through the various phases of life and the various aspects of life.
Integriti-Launched in 2002, Integriti from the Kewal Kiran Clothing Limited. portfolio is a brand for the masses. Unpretentious! Casuals and Formal shirts, T-shirts, Jeans, Cotton trousers. A brand that is positioned as a FMCG. It is aiming for a significant share of the Rs 5000 crore branded market. A brand that promises quality at an economical price and comes from Kewal Kiran Clothing Limited.
K-Lounge-K-Lounge is a trendsetting Fashion Retail Chain promoted by India's premiere Fashion House - Kewal Kiran Clothing Limited The company boasts of revolutionizing Fashion India Inc. through their 4 brands Killer, Easies, Lawman and Integriti. All these brands have attained a cult status and are exclusively available through the K-Lounge Fashion Chain.

Awards/ Achievements

1996 Killer - Brand of the year - The Arvind Mills Limited 2001-02 (National Garment Fair) - CMAI AWARDSâ€¢ Golden Scale TrophyAdvertising Campaign of the yearâ€¢ Golden Scale TrophyDenim Brand of the yearâ€¢ Silver SalverMost Innovative Display
2003 (National Garment Fair) CMAI AWARDSâ€¢ Silver SalverPresented to 'Lawman'â€¢ First PrizeMost Innovative Display (Brand Wagon)IFA 1st Inside Fashion Award (IFA)â€¢ â€œPower Brand â€“ For Excellence in Retail performance'Award Category â€“ Menâ€™s Wear Jeans - â€˜Killerâ€™
2001 IFA â€¢ HALL of FAME Jeans wear brand of the year - â€˜Killerâ€™IFA IFA -3rd Inside Fashion Award â€¢ Campaign of the year â€“ â€˜Killerâ€™
2005 â€¢ CNBC TV 18 â€“ ICICI Bank Award for best SME Company in Textile/ Apparel Sectorâ€¢ Golden Trophy by CMAI for casual wear brand of the year (small & medium) INTEGRITI

Milestones of the company:

1980- Kewal Kiran & Co. was incorporated.
1989- Launch of Killer
1994- Exporting of Killer brand to UAE
1998- Launch of Easies -Launch of Lawman
2000- Move towards corporate structure
2002- Launch of Integrity
2004- Launch of first K- Launge
2005- Consolidation of business under one entity
2006- IPO of 31 lakh shares
2007- Killer Women wear launched -Killer & Integrity exclusive brand outlets launched
2008- Over 100 retail stores (Including EBOS)

Recent developments

Kewal Kiran Clothing in May 2009 has raised funds to the tune of Rs 806 million by issuing 3.10 million equity shares of Rs 10 each at a premium of Rs 250 a share. The proceeds of the issue would be utilized for capital expenditure in setting up new manufacturing facilities, expansion of distribution network by opening additional exclusive outlets, building corporate office and to meet other general corporate purposes.