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Kitex Garments Ltd

KITEX

Kitex Garments Ltd

KITEX
Consumer DiscretionaryApparel & Accessories
SmallcapWith a market cap of ₹4,069 cr, stock is ranked 803
High RiskStock is 4.49x as volatile as Nifty
203.994.94% (-10.59)
203.994.94% (-10.59)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP
Consumer DiscretionaryApparel & Accessories
SmallcapWith a market cap of ₹4,069 cr, stock is ranked 803
High RiskStock is 4.49x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

Consumer DiscretionaryApparel & Accessories
SmallcapWith a market cap of ₹4,069 cr, stock is ranked 803
High RiskStock is 4.49x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
40.753.940.25%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
35.856.380.79%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Kitex Garments Limited is engaged in the manufacture of fabric and readymade garments.

PE Ratio
82.53
1Y Return
16.59%
Buy Reco %
40.00
PE Ratio
56.55
1Y Return
1.54%
Buy Reco %
77.78
PE Ratio
5.87
1Y Return
41.31%
Buy Reco %
100.00
PE Ratio
25.87
1Y Return
22.34%
Buy Reco %
100.00
PE Ratio
89.56
1Y Return
4.61%
Buy Reco %
57.14
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 0.06%, vs industry avg of 7.61%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 1.68% to 1.1%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of -4.64%, vs industry avg of 6.61%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue565.64549.36559.92629.27778.40459.70815.22601.06631.17755.05
Raw Materialssubtract214.24210.96254.05282.81317.06195.25374.31240.26297.43581.17
Power & Fuel Costsubtract17.5418.8522.0725.5726.8919.2831.6528.7632.93
Employee Costsubtract83.6291.9992.61105.09121.4977.26114.26109.07119.48
Selling & Administrative Expensessubtract12.998.8519.7524.8331.1910.5021.6120.3511.01
Operating & Other expensessubtract28.7645.4134.7429.83110.4252.8375.7597.6755.56
Depreciation/Amortizationsubtract21.2721.8323.4027.2626.4523.1021.4421.2120.7119.20
Interest & Other Itemssubtract16.159.275.813.887.022.563.624.477.3310.23
Taxes & Other Itemssubtract61.3658.7543.9458.5534.5024.6547.4621.7030.3944.59
EPS5.504.183.193.585.182.726.272.892.825.01
DPS0.360.360.500.500.500.500.500.500.500.50
Payout ratio0.060.090.160.140.100.180.080.170.180.10

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2019

Annual report

PDF

Investor Presentation

Nov 14PDF
Aug 13PDF
Jul 28PDF
FY 2020

Annual report

PDF

Investor Presentation

Nov 14PDF
Aug 28PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryApparel & Accessories

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Kitex Garments Ltd72.253.940.25%
Page Industries Ltd82.5329.420.88%
Safari Industries (India) Ltd56.5512.070.20%
Raymond Ltd5.871.900.69%

Price Comparison

Compare KITEX with any stock or ETF
Compare KITEX with any stock or ETF
KITEX
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Shareholdings

Promoter Holdings Trend

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

No institutional holdings trend are available

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding56.66%0.00%0.60%0.97%41.77%

Jun 2024

Sep 2024

Dec 2024

Jan 2025

Shareholding History

Dec '23MarJunSepDec '24Jan0.84%0.96%0.82%0.74%1.10%0.97%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

KITEX has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.23%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹2.33 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 20, 2024

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 20, 2024

Cash Dividend

Ex DateEx DateSep 22, 2023

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Sep 22, 2023

Cash Dividend

Ex DateEx DateAug 19, 2022

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Aug 19, 2022

Cash Dividend

Ex DateEx DateAug 30, 2021

Final
Final | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Aug 30, 2021

Cash Dividend

Ex DateEx DateFeb 18, 2020

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

1.50

Ex DateEx Date

Feb 18, 2020

News & Opinions
Corporate
Kitex Garments to conduct board meeting

Kitex Garments will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live

3 days agoCapital Market - Live
Corporate
Kitex Garments allots 13.30 cr equity shares under bonus issue

Kitex Garments has allotted 13,30,00,000 fully paid-up Bonus Equity Shares of the face value of Re 1 each in the ratio of 2:1, i.e, 2 (Two) new Bonus Equity Shares of Re 1 each for every 1 (One) existing Equity Shares of Re1 each fully paid-up, held by the shareholders of the Company as on the record date i.e. 17 January 2025. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased to Rs 19,95,00,000 divided into 19,95,00,000 equity shares of Re 1/- each.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Kitex Garments fixes record date for bonus issue

Kitex Garments has fixed 17 January 2025 as record date for bonus issue of 2:1. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Kitex Garments fixes record date for bonus issue

Kitex Garments has fixed 17 January 2025 as record date for bonus issue of 2:1. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Board of Kitex Garments approves bonus issue of 2:1

The Board of Kitex Garments at its meeting held on 22 November 2024 has approved issue of bonus shares in the ratio of 2:1. Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Kitex Garments board OKs proposal to issue bonus equity shares in 2:1 ratio

The bonus share issue proposal is subject to the approval of shareholders of Kitex Garments. The company will inform the record date for determining eligible shareholders entitled for issuance of bonus shares, in due course. The pre-bonus paid-up equity share capital as on date is Rs 6.65 crore consisting of 6.65 crore equity shares of Re 1 each. The company would appropriate a sum of Rs 13.30 crore from the general reserve or retained earnings for issuance of bonus shares. Accordingly, the post-bonus paid-up equity share capital is expected to be around Rs 19.95 crore consisting of 19.95 crore equity shares of Re 1 each. The bonus shares would be credited within 2 months from the date of board approval, i.e., on or before 20 January 2025. Kitex Garments is engaged in the manufacture of fabric and readymade garments. The company operates through two business segments: garments and fabric. The firm also exports cotton garments principally infants wear. The company had reported 181.39% jump in consolidated net profit to Rs 37.34 crore on a 61.15% increase in sales to Rs 215.88 crore in Q2 FY25 as compared with Q2 FY24. The scrip tumbled 4.33% to currently trade at Rs 640.05 on the BSE. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Kitex Garments to conduct board meeting

Kitex Garments will hold a meeting of the Board of Directors of the Company on 22 November 2024Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Kitex Garments board to mull bonus share issue proposal on Nov. 22

The announcement was made after market hours today. Kitex Garments is engaged in the manufacture of fabric and readymade garments. The company operates through two business segments: garments and fabric. The firm also exports cotton garments principally infants wear. The company had reported 181.39% jump in consolidated net profit to Rs 37.34 crore on a 61.15% increase in sales to Rs 215.88 crore in Q2 FY25 as compared with Q2 FY24. The scrip had lost 0.31% to end at Rs 606.85 on the BSE today. Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Kitex Garments consolidated net profit rises 181.39% in the September 2024 quarter

Net profit of Kitex Garments rose 181.39% to Rs 37.34 crore in the quarter ended September 2024 as against Rs 13.27 crore during the previous quarter ended September 2023. Sales rose 61.15% to Rs 215.88 crore in the quarter ended September 2024 as against Rs 133.96 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales215.88133.96 61 OPM %25.4114.50 - PBDT54.5323.80 129 PBT50.3018.66 170 NP37.3413.27 181 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Kitex Garments schedules board meeting

Kitex Garments will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live