Is Kitex Garments 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 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 share price return in the past 10 years?

Kitex Garments Ltd share price has appreciated 5.8% annually (CAGR) over the past ten years.

Is Kitex Garments a good buy now?

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

Kitex Garments Ltd - Stock Valuation and Financial Performance

Name: Kitex Garments
Brand: Kitex Garments

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

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Kitex Garments Share Price

₹669 31.85 5.00%
as on 21-Nov'24 15:40

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

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 % ⓘ	44.4%	41.5%	32.2%	22.9%	22.2%	20.7%	11.6%	21.6%	9.3%	10.8%	-
Value Creation Index ⓘ	2.2	2.0	1.3	0.6	0.6	0.5	-0.2	0.5	-0.3	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	511	546	546	557	607	739	455	788	557	617	744
Sales YoY Gr.	-	6.8%	0%	2.1%	8.9%	21.8%	-38.4%	73.1%	-29.3%	10.8%	-
Adj EPS ⓘ	13.8	15.1	14.4	10.5	10.5	12.7	8.9	16.8	6.5	9.4	17.6
YoY Gr.	-	10.1%	-4.9%	-26.8%	-0.4%	21.3%	-30.2%	89.2%	-61.7%	45.4%	-
BVPS (₹) ⓘ	39.7	55.3	68.5	77.6	88.9	101.5	110.6	128.5	136.1	144.8	153.8
Adj Net Profit ⓘ	91.4	101	95.7	70.1	69.8	84.7	59.1	112	42.9	62.4	117
Cash Flow from Ops. ⓘ	128	135	44.7	28.6	9.7	58.9	116	-9.5	242	-30.1	-
Debt/CF from Ops. ⓘ	1.3	0.8	0.2	0.3	9.3	1.6	0	-7.7	0.1	-2.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.1%	0.3%	10.7%	10.8%
Adj EPS ⓘ	-4.2%	-2.2%	1.8%	45.4%
BVPSⓘ	15.5%	10.2%	9.4%	6.4%
Share Price	5.8%	46.8%	57.4%	219.6%

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 % ⓘ	41.7	31.9	23.3	14.4	12.6	13.4	8.4	14.1	4.9	6.7	11.8
Op. Profit Mgn % ⓘ	33.5	34.6	32	24.1	22.9	18.2	22	21.7	13.9	16.6	22.3
Net Profit Mgn % ⓘ	17.9	18.5	17.5	12.6	11.5	11.5	13	14.2	7.7	10.1	15.7
Debt to Equity ⓘ	0.6	0.3	0	0	0.2	0.1	0	0.1	0	0.1	0
Working Cap Days ⓘ	93	98	127	170	246	281	458	301	413	330	141
Cash Conv. Cycle ⓘ	26	31	52	88	120	140	232	150	220	185	92

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.80%

Sales growth is growing at healthy rate in last 3 years 10.65%

Sales growth is good in last 4 quarters at 77.37%

Net Profit has been subdued in last 3 years 1.80%

Latest Financials - Kitex Garments Ltd.

	Standalone	Consolidated
TTM EPS (₹)	17.6	15
TTM Sales (₹ Cr.)	744	744
BVPS (₹.) ⓘ	153.8	144.3
Reserves (₹ Cr.) ⓘ	1,016	953
P/BV ⓘ	4.14	4.42
PE ⓘ	36.25	42.43

From the Market
52 Week Low / High (₹)	176.80 / 679.40
All Time Low / High (₹)	0.03 / 764.29
Market Cap (₹ Cr.)	4,237
Equity (₹ Cr.)	6.7
Face Value (₹)	1
Industry PE ⓘ	26.9

Management X-Ray of Kitex Garments:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Kitex Garments

Price Calculator

Price Chart

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 Kitex Garments

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	511	546	546	557	607	739	455	788	557	617
Operating Expenses ⓘ	340	357	376	423	468	607	355	617	493	514
Manufacturing Costs	42	48	67	75	77	109	56	95	71	93
Material Costs	210	211	195	217	246	321	195	367	265	255
Employee Cost	67	75	84	93	105	121	77	114	109	119
Other Costs ⓘ	22	23	30	39	40	55	27	41	49	47
Operating Profit ⓘ	171	189	170	134	139	132	100	171	64	102
Operating Profit Margin (%)	33.4%	34.6%	31.1%	24.1%	22.9%	17.9%	22.0%	21.7%	11.5%	16.6%
Other Income ⓘ	13	20	3	3	22	44	10	30	43	25
Interest ⓘ	21	16	9	6	4	7	3	4	4	7
Depreciation ⓘ	21	21	22	23	27	26	23	21	21	21
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	142	171	142	107	130	143	85	176	81	99
Tax ⓘ	43	59	50	37	49	34	25	47	22	31
Profit After Tax	99	112	92	70	81	109	60	128	59	68
PAT Margin (%)	19.3%	20.5%	16.9%	12.6%	13.4%	14.7%	13.2%	16.3%	10.7%	11.1%
Adjusted EPS (₹)	14.8	16.9	13.9	10.5	12.3	16.3	9.0	19.3	8.9	10.3
Dividend Payout Ratio (%)	6%	6%	8%	14%	12%	9%	17%	8%	17%	15%

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	264	367	456	516	591	675	735	855	905	963
Share Capital ⓘ	5	5	5	7	7	7	7	7	7	7
Reserves ⓘ	259	363	451	510	585	669	729	848	898	956
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	141	92	3	1	87	96	0	73	25	77
Long Term Debt	27	8	3	1	0	0	0	0	0	0
Short Term Debt	114	84	0	0	87	96	0	73	25	77
Trade Payables	20	42	45	43	42	47	41	62	42	52
Others Liabilities ⓘ	111	78	62	58	140	124	113	109	54	71
Total Liabilities ⓘ	535	579	566	617	861	942	889	1,099	1,026	1,163
Fixed Assets
Gross Block	263	268	195	215	234	265	271	292	295	296
Accumulated Depreciation	74	95	22	43	70	96	119	140	161	182
Net Fixed Assetsⓘ	188	173	173	172	164	169	152	152	134	114
CWIP ⓘ	0	1	16	34	40	21	20	12	20	26
Investmentsⓘ	0	5	12	27	29	35	35	33	298	333
Inventories	11	13	40	88	129	130	134	155	117	164
Trade Receivables	63	96	131	123	165	252	178	314	203	257
Cash Equivalents	203	250	135	97	99	107	151	133	83	66
Others Assetsⓘ	70	41	59	78	234	229	220	301	170	203
Total Assets ⓘ	535	579	566	617	861	942	889	1,099	1,026	1,163

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 ⓘ	128	135	45	29	10	59	116	-9	242	-30
PBT ⓘ	142	171	142	107	130	143	85	176	81	99
Adjustment ⓘ	41	37	36	29	28	12	13	6	23	15
Changes in Working Capital ⓘ	-18	-22	-75	-63	-111	-44	39	-142	166	-119
Tax Paid ⓘ	-36	-52	-58	-46	-37	-52	-20	-49	-29	-25
Cash Flow From Investing Activity ⓘ	-30	-10	-34	-52	-79	-37	-9	-49	-243	-2
Capex	-30	-6	-28	-38	-27	-15	-5	-13	-7	-6
Net Investments	0	-5	-7	-15	0	0	0	0	0	0
Others ⓘ	0	0	0	0	-52	-22	-4	-36	-236	4
Cash Flow From Financing Activityⓘ	2	-78	-120	-15	72	-25	-99	60	-63	37
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 ⓘ	-19	-16	-9	-5	-4	-7	-3	-3	-5	-5
Dividend Paid ⓘ	-6	-11	-9	-10	-6	-24	0	-10	-10	-10
Others ⓘ	27	-51	-102	0	82	6	-96	73	-48	52
Net Cash Flow ⓘ	101	47	-110	-39	3	-3	9	2	-64	5

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 (%)	44.98	35.51	22.41	14.41	14.71	17.16	8.49	16.14	6.75	7.3
ROCE (%)	44.39	41.48	32.18	22.93	22.24	20.68	11.6	21.58	9.25	10.81
Asset Turnover Ratio	1.09	0.98	0.95	0.94	0.82	0.82	0.5	0.79	0.52	0.56
PAT to CFO Conversion(x)	1.29	1.21	0.49	0.41	0.12	0.54	1.93	-0.07	4.1	-0.44
Working Capital Days
Receivable Days	41	53	76	83	87	103	172	114	170	136
Inventory Days	8	8	18	42	65	64	106	67	89	83
Payable Days	38	53	81	74	63	51	83	51	71	67

Kitex Garments Ltd Stock News

Kitex Garments Ltd FAQs

What is the share price of Kitex Garments?

Company share prices are keep on changing according to the market conditions. The closing price of Kitex Garments on 21-Nov-2024 15:40 is ₹669.0.

What is the market cap of Kitex Garments?

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 21-Nov-2024 15:40 the market cap of Kitex Garments stood at ₹4,237.1.

What is the P/E ratio of Kitex Garments?

The latest P/E ratio of Kitex Garments as of 21-Nov-2024 15:40 is 36.25.

What is the P/B ratio of Kitex Garments?

The latest P/B ratio of Kitex Garments as of 21-Nov-2024 15:40 is 4.14.

What is the 52-week high and low of Kitex Garments?

The 52-week high of Kitex Garments is ₹679.4 and the 52-week low is ₹176.8.

What is the TTM revenue of Kitex Garments?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kitex Garments is ₹743.5 ( 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.