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Kitex Garments Ltd.

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kitexgarments.comBSE: 521248NSE: KITEX
Market Cap₹ 2,473 Cr.
Current Price
High / Low₹ 233 / 123
Stock P/E58.9
Book Value₹ 58
Price to Book2.46
Dividend Yield0.40 %
ROCE7.2 %
ROE5.0 %
Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Garments: 67.0% • Fabric: 33.0%

AI Sector View

AI GENERATED

Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence
50%
View full sector analysis →

PROS

  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.10x)
  • Company has a consistent dividend-paying track record
  • Company maintains a comfortable, low leverage position

CONS

  • Recent results are weak - TTM profit is down 66.0% versus prior year
  • A large part of profit comes from other income (57.2% of PBT)
  • Company has a low return on equity of 9.0% over last 3 years
  • Valuation is stretched - P/E of 58.9 is well above its own 5-year median (23.4)
  • Contingent liabilities are large at 62.7% of net worth
  • Company has delivered a poor profit growth of -1.0% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile
Part ofNIFTY MICROCAP250NIFTY TOTAL MKT
S.No.Name
1.PAGEIND35350.0052.1739428.941.56192.81-3.981420.457.8973.6020.35
2.KPRMILL1109.4041.5637920.850.45258.5421.551935.5214.7720.1619.37
3.WELSPUNLIV207.8070.7219631.960.05162.6182.092795.4523.666.4111.53
4.VTL567.3519.3816429.140.88314.5651.462703.0813.318.9118.11
5.ARVIND575.2537.7915649.140.7857.775.612500.9624.6515.309.64
6.MANYAVAR582.7535.1414159.561.3366.9037.31267.9522.7429.4545.53
7.PGIL1190.7535.4511000.280.61992.3451.3715282.6124.4622.4210.72
8.SWANCORP296.3041.549287.730.05-35.99-233.331013.75-16.444.50-0.38
9.ICIL443.0558.168774.800.3463.2267.281206.9625.898.7311.88
10.GARFIBRES797.1537.067784.041.1364.6021.56482.3731.3520.9818.70
11.KUSUMGAR567.3560.665956.690.00426.47—2472.47—26.1530.50
12.KITEX123.9558.872472.800.40-17.12-188.69158.43-19.452.546.43
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
1461341641731902162763001971201641111,210
1311141311381491602232521601321511051,140
Operating Profit142033354256544837-1213670
OPM %9.94%14.89%20.15%20.19%21.93%26.00%19.47%16.05%18.82%-9.74%8.10%5.25%5.77%
268955121553491579
Interest12232345444430
Depreciation55555443333329
Profit before Tax101934364054585535151514149
Tax %23.32%28.81%38.30%27.97%24.33%25.36%25.32%28.60%25.44%26.50%30.89%30.19%25.24%
Net Profit81321263040434026111010112
1.201.993.161.304.506.016.531.991.310.550.520.480.56

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
546557607739455788557617983592516
376423468607355617493514782547502
Operating Profit170134139132100171641022014514
OPM %31.11%24.05%22.89%17.90%22.04%21.68%11.49%16.61%20.46%7.60%2.79%
33224410304325376266
Interest96473447151716
Depreciation2223272623212121161212
Profit before Tax1421071301438517681992077958
Tax %35.15%34.86%37.43%24.10%29.40%27.02%27.02%31.18%26.02%27.52%28.17%
Net Profit9270811096012859681535742
EPS13.8710.6412.2516.349.0119.298.9410.257.672.85—
Dividend Payout %7.73%14.25%12.25%9.18%16.65%7.78%16.79%14.63%6.52%17.53%—

COMPOUNDED SALES GROWTH

10 Years:
1%
5 Years:
5%
3 Years:
2%

COMPOUNDED PROFIT GROWTH

10 Years:
-7%
5 Years:
-1%
3 Years:
-1%

STOCK PRICE CAGR

10 Years:
1%
5 Years:
17%
3 Years:
25%
1 Year:
-38%

RETURN ON EQUITY

10 Years:
13%
5 Years:
10%
3 Years:
9%
Last Year:
5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

2025

Jan 17

2:1

Bonus issue

2017

Jun 22

2:5

A Meeting of the Board of Directors of the Company is scheduled be held at the Registered Office of the Company on Friday, 28th April, 2017 inter-alia: i)to consider and approve Audited financial results (both standalone and consolidated) of the Company for the year ended 31st March, 2017, ii)to consider recommendation of final dividend for the financial year 2016-17 iii)to consider a proposal for issue of Bonus shares It is further informed that as per Companys Code of Conduct for prohibition of insider trading framed pursuant to the SEBI (Prohibition of Insider Trading) Regulations,2015 the trading window for dealing in Equity Shares of the Company by the Directors and designated Employees of the Company shall remain closed from 19th April, 2017 to 30th April, 2017 or 48 hours after the financial results are disseminated to the stock exchanges (both days inclusive) which ever is later.

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital577777772020
4515105856697298488989561,0861,134
139931024772786163208
Trade Payables45434247416242527441
525013411810810652618346
Total Liabilities5666178619428891,0991,0261,1631,4261,449
17317216416915215213411410292
Capital Work in Progress14323820201220263443
122729353533298333455574
4088129130134155117164189130
0000000257340122
Cash & Bank1359799107151133836662127
193203402480397615373203244360
Total Assets5666178619428891,0991,0261,1631,4261,449

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
103744711113640271-3078257
Cash from Investing-34-52-79-37-9-49-243-2-151-223
Cash from Financing-120-1572-25-9960-63376222
-110-393-392-645-1156

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
56.6656.6656.6656.6656.6656.6656.6656.6656.66
0.820.741.100.900.931.160.900.881.21
0.000.000.400.870.900.340.160.130.12
Government0.000.000.000.000.000.000.000.000.00
42.5242.6041.8441.5841.5141.8442.2842.3342.02

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08
Clarification - Financial Results

2026-09-08 - The Exchange has sought clarification from Kitex Garments Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-09-05
Copy of Newspaper Publication

2026-09-05 - Kitex Garments Limited has informed the Exchange about Copy of Newspaper Publication regarding transfer and dematerialisation of physical shares

2026-09-04
Copy of Newspaper Publication

2026-09-04 - Kitex Garments Limited has informed the Exchange about Copy of Newspaper Publication of Notice of 34th Annual General Meeting of the Company

2026-09-03
Shareholders meeting

2026-09-03 - Kitex Garments Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 25, 2026

2026-09-01
Copy of Newspaper Publication

2026-09-01 - Kitex Garments Limited has informed the Exchange about Copy of Newspaper Publication of 34th Annual General Meeting of the Company

2026-08-31
Record Date

2026-08-31 - Kitex Garments Limited has informed the Exchange that Record date for the purpose of Dividend is 18-Sep-2026.

2026-08-31
General Updates

2026-08-31 - Kitex Garments Limited has informed the Exchange about date of 34th Annual General Meeting of the Company

2026-08-28
Credit Rating- Revision

2026-08-28 - Kitex Garments Limited has informed the Exchange about Credit Rating- Reason for downward revision

2026-08-27
Credit Rating

2026-08-27 - Kitex Garments Limited has informed the Exchange about Credit Rating

News

Recent coverage and analyst commentary for KITEX

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