Kitex Garments
- P/E
- Not meaningful: loss-making over the last twelve months
Key Fundamentals
MicrocapTextilesConsumer DiscretionaryPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 1.59%
- Debt to Equity
- 1.16
- EPS (TTM)
- −₹1.20
- Book Value
- ₹52.01
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 2.59
- ROE
- −3.22%
- Dividend Yield
- 0.38%
- EBITDA
- ₹80.70 Cr
- 52W High
- ₹230.90
- 52W Low
- ₹110.00
- Volume
- 0
Peer Comparison
Consumer Discretionary › Textiles › Textiles & Apparels › Garments & Apparels
| ₹35,750.00 | 52.76 | ₹39,613 Cr | 26.54 | 0.57% | 54.30% | 64.40% | ₹5,351 Cr | ₹757 Cr | |
| ₹499.45 | 31.63 | ₹13,742 Cr | 3.20 | 0.90% | 10.80% | 14.70% | ₹9,798 Cr | ₹431 Cr | |
| ₹1,319.90 | 39.22 | ₹11,797 Cr | 8.36 | 1.14% | 21.00% | 19.90% | ₹5,325 Cr | ₹304 Cr | |
| ₹731.85 | 52.09 | ₹5,236 Cr | 2.48 | 0.14% | 3.09% | 7.65% | ₹4,185 Cr | ₹103 Cr | |
| ₹1,173.50 | 35.46 | ₹3,448 Cr | 1.92 | 0.17% | 5.76% | 7.68% | ₹2,948 Cr | ₹99 Cr | |
| ₹67.16 | 82.91 | ₹3,202 Cr | 31.83 | 0.07% | 37.20% | 18.40% | ₹452 Cr | ₹38 Cr | |
| ₹434.05 | 18.07 | ₹2,655 Cr | 2.64 | 0.46% | 14.70% | 17.20% | ₹1,258 Cr | ₹161 Cr | |
| Kitex Garments (this company) | ₹134.60 | — | ₹2,610 Cr | 2.59 | 0.38% | −3.22% | 1.59% | ₹629 Cr | −₹49 Cr |
| Median 8 companies | ₹615.65 | 39.22 | ₹4,342 Cr | 2.92 | 0.42% | 12.75% | 15.95% | ₹3,567 Cr | ₹132 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 93/100
Category scores
- Quality
- 43
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 39
- Weak
- Cheap vs sector & own history 24% weight
- Growth
- 4
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 17
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 23
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 35
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
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
5- 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 5.61% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.76.7 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 5 | 4 | 10 |
| Oscillators | Bearish | 3 | 4 | 2 |
| Moving Averages | Strong Bullish | 2 | 0 | 8 |
Oscillators
Bearish
Overall
Strong Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 70.39
- Bearish
- MACD (12,26,9)
- 1.01
- Bullish
- SMA (50)
- 120.39
- Bullish
- SMA (200)
- 151.55
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +2.02% |
|---|---|
| 5Y | +7.95% |
| 3Y | +6.19% |
| 1Y | −32.15% |
| TTM | −36.50% |
Net profit
| 10Y | Turned to loss |
|---|---|
| 5Y | Turned to loss |
| 3Y | Turned to loss |
| 1Y | Turned to loss |
| TTM | Turned to loss |
Operating cash flow
| 10Y | +9.87% |
|---|---|
| 5Y | +24.43% |
| 3Y | +5.46% |
| 1Y | +540.74% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −30.12 pp |
|---|---|
| 5Y | −17.48 pp |
| 3Y | −6.45 pp |
| 1Y | −16.05 pp |
| TTM | −18.98 pp |
Revenue by year
| Mar 2017 | ₹546 Cr |
|---|---|
| Mar 2018 | ₹557 Cr |
| Mar 2019 | ₹607 Cr |
| Mar 2020 | ₹739 Cr |
| Mar 2021 | ₹455 Cr |
| Mar 2022 | ₹788 Cr |
| Mar 2023 | ₹557 Cr |
| Mar 2024 | ₹617 Cr |
| Mar 2025 | ₹983 Cr |
| Mar 2026 | ₹667 Cr |
Net profit by year
| Mar 2017 | ₹83.00 Cr |
|---|---|
| Mar 2018 | ₹64.00 Cr |
| Mar 2019 | ₹71.00 Cr |
| Mar 2020 | ₹103 Cr |
| Mar 2021 | ₹54.00 Cr |
| Mar 2022 | ₹125 Cr |
| Mar 2023 | ₹57.00 Cr |
| Mar 2024 | ₹56.00 Cr |
| Mar 2025 | ₹136 Cr |
| Mar 2026 | −₹13.00 Cr |
AI Analysis — Bull vs Bear
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.
- 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
- 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
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.
- 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.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 146 | 134 | 164 | 173 | 190 | 216 | 276 | 300 | 197 | 122 | 182 | 166 | 158 | 203 |
| Expenses | 132 | 115 | 132 | 139 | 150 | 161 | 222 | 249 | 162 | 138 | 174 | 164 | 148 | 158 |
| Operating Profit | 14 | 19 | 33 | 35 | 40 | 55 | 54 | 51 | 34 | −16 | 8 | 2 | 10 | 45 |
| OPM % | 10% | 14% | 20% | 20% | 21% | 25% | 20% | 17% | 17% | −13% | 4.7% | 1% | 6% | 22% |
| Other Income | 2 | 6 | 2 | 3 | 3 | 3 | 8 | 5 | 1 | 30 | 5 | 34 | 8 | 10 |
| Interest | 1 | 2 | 2 | 3 | 2 | 3 | 4 | 5 | 4 | 8 | 13 | 21 | 14 | 14 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 3 | 3 | 8 | 13 | 20 | 18 | 19 |
| PBT | 10 | 19 | 28 | 30 | 36 | 50 | 55 | 48 | 28 | −2 | −12 | −5 | −13 | 22 |
| Tax % | 24% | 29% | 47% | 34% | 27% | 27% | 27% | 33% | 32% | 171% | 37% | 81% | 28% | 38% |
| Net Profit | 8 | 13 | 15 | 20 | 27 | 37 | 41 | 32 | 19 | −6 | −17 | −9 | −17 | 14 |
| EPS (₹) | 0.39 | 0.67 | 0.76 | 1.01 | 1.37 | 1.87 | 2.06 | 1.66 | 1.04 | −0.08 | −0.47 | −0.2 | −0.45 | — |
Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 511 | 546 | 546 | 557 | 607 | 739 | 455 | 788 | 557 | 617 | 983 | 667 | 629 |
| Expenses | 340 | 357 | 376 | 423 | 468 | 607 | 355 | 618 | 496 | 516 | 781 | 637 | 624 |
| Operating Profit | 171 | 189 | 170 | 134 | 139 | 132 | 100 | 171 | 61 | 101 | 202 | 30 | 4 |
| OPM % | 34% | 35% | 31% | 24% | 23% | 18% | 22% | 22% | 11% | 16% | 21% | 4.5% | 0.7% |
| Other Income | 13 | 20 | 3 | 2 | 22 | 39 | 4 | 27 | 44 | 14 | 19 | 70 | 77 |
| Interest | 21 | 16 | 9 | 6 | 4 | 7 | 3 | 4 | 4 | 7 | 15 | 45.23 | 55 |
| Depreciation | 21 | 21 | 22 | 23 | 27 | 26 | 23 | 21 | 21 | 21 | 16 | 45 | 59 |
| PBT | 142 | 171 | 142 | 107 | 130 | 138 | 79 | 173 | 79 | 87 | 190 | 8 | −33 |
| 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 | −50 |
| EPS (₹) | 4.94 | 5.5 | 4.18 | 3.19 | 3.58 | 5.18 | 2.72 | 6.27 | 2.88 | 2.82 | 6.95 | 0.3 | −1.2 |
| Div. Payout % | 6% | 6% | 9% | 16% | 14% | 10% | 18% | 8% | 17% | 18% | 7% | 169% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | −334 |
| 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 | 75 |
| 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 | 1,258 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Kitex Garments insights
64 extracted metrics across FY08–FY27.
Documents
- 25 Aug 2026
- 27 Jan 2026
- 29 Mar 2025
- 7 Jan 2025
- 28 Oct 2024
- General announcements 10 Oct 2026
Frequently Asked Questions about Kitex Garments
What does Kitex Garments Ltd do?
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Which sector does Kitex Garments Ltd belong to?
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Does Kitex Garments Ltd pay dividends?
What is the Return on Equity (ROE) of Kitex Garments Ltd?
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
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