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Kewal Kiran Clothing

KKCL NSE
₹434.05 No trade today
P/E
18.07
View as Markdown
MCP
Close 4 Nov 2026 ₹434.05 −78.35 −15.3% 1Y
Start ₹512.40

Key Fundamentals

MicrocapTextilesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
17.20%
Debt to Equity
0.14
EPS (TTM)
₹24.02
Book Value
₹164.16
Market Cap
—
P/E (TTM)
18.07
P/B
2.64
ROE
14.70%
Dividend Yield
0.46%
EBITDA
₹262 Cr
52W High
₹568.05
52W Low
₹399.90
Volume
0

Peer Comparison

Consumer Discretionary › Textiles › Textiles & Apparels › Garments & Apparels

Kewal Kiran Clothing peer comparison
Page Industries
₹35,750.0052.76₹39,613 Cr26.540.57%54.30%64.40%₹5,351 Cr₹757 Cr
Arvind
₹499.4531.63₹13,742 Cr3.200.90%10.80%14.70%₹9,798 Cr₹431 Cr
Pearl Global Industries
₹1,319.9039.22₹11,797 Cr8.361.14%21.00%19.90%₹5,325 Cr₹304 Cr
Gokaldas Exports
₹731.8552.09₹5,236 Cr2.480.14%3.09%7.65%₹4,185 Cr₹103 Cr
Lux Industries
₹1,173.5035.46₹3,448 Cr1.920.17%5.76%7.68%₹2,948 Cr₹99 Cr
SBC Exports
₹67.1682.91₹3,202 Cr31.830.07%37.20%18.40%₹452 Cr₹38 Cr
Kewal Kiran Clothing (this company)
₹434.0518.07₹2,655 Cr2.640.46%14.70%17.20%₹1,258 Cr₹161 Cr
Median 7 companies₹731.8539.22₹5,236 Cr3.200.46%14.70%17.20%₹4,185 Cr₹161 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

59 Good

Data confidence 100/100

Category scores

Quality
79
Strong
Returns, margins, earnings quality 22% weight
Valuation
65
Good
Cheap vs sector & own history 24% weight
Growth
56
Good
Sales & profit trajectory 9% weight
Financial Health
74
Strong
Solvency, leverage, coverage 9% weight
Momentum
30
Poor
Trend strength, vol-adjusted 12% weight
Ownership
39
Weak
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

1
  • Company has reduced debt.

Weaknesses

1
  • Dividend payout has been low at 8.41% of profits over last 3 years

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
43.41
Neutral
MACD (12,26,9)
−13.25
Bullish
SMA (50)
470.71
Bearish
SMA (200)
477.69
Bearish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

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

Revenue growth by window
10Y+10.57%
5Y+31.97%
3Y+15.91%
1Y+20.94%
TTM+15.94%

Net profit

Net profit growth by window
10Y+8.38%
5Y+50.02%
3Y+8.50%
1Y+2.01%
TTM+3.21%

Operating cash flow

Operating cash flow growth by window
10Y+14.56%
5Y+13.54%
3Y+34.63%
1YTiny base
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.80 pp
5Y+13.35 pp
3Y+0.11 pp
1Y+0.58 pp
TTM+0.98 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹466 Cr
Mar 2018₹460 Cr
Mar 2019₹503 Cr
Mar 2020₹530 Cr
Mar 2021₹303 Cr
Mar 2022₹608 Cr
Mar 2023₹779 Cr
Mar 2024₹860 Cr
Mar 2025₹1,003 Cr
Mar 2026₹1,213 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹75.00 Cr
Mar 2018₹73.00 Cr
Mar 2019₹80.00 Cr
Mar 2020₹73.00 Cr
Mar 2021₹20.00 Cr
Mar 2022₹82.00 Cr
Mar 2023₹119 Cr
Mar 2024₹154 Cr
Mar 2025₹149 Cr
Mar 2026₹152 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹280 Cr +7.0% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk medium

Kewal Kiran Clothing Ltd (KKCL) is a Rs 3,110 crore market cap branded apparel company trading at a PE of 20.7x with a 16% trailing ROE. Revenue has grown at a 16% CAGR over 3 years (FY25 revenue of Rs 1,003 crore) with FY26 sales surging 21% to Rs 1,213 crore, though working capital days have stretched from 100 to 147 days and the stock has delivered a negative 11% return over the past year.

Bull Case 8
  • Strong revenue acceleration — FY26 sales grew 21% YoY to Rs 1,213 crore, up from 16.5% growth in FY25, with management targeting Rs 1,500 crore by FY28
  • Robust long-term profit compounding — 5-year profit CAGR of 48% demonstrates strong operating leverage in the business model
  • Q1 FY26 revenue surged 54.5% YoY to Rs 233.8 crore and net profit rose 26.9% to Rs 32 crore, indicating strong momentum post-acquisition integration
  • Diversified brand portfolio across price segments — Killer, LawmanPg3, Integriti, Easies, and Kraus Jeans cover youth, premium, and value categories reducing single-brand risk
  • Near debt-free balance sheet with debt-to-equity of just 0.05x; the company has been actively reducing debt
  • Consistent ROE track record — 18% average over 10 years and 19% over 5 years, indicating efficient capital allocation
  • Active retail expansion with 652 exclusive brand outlets as of Q2 FY26 (added 29 in a single quarter), driving distribution reach
  • Reasonable valuation at PE of 20.7x relative to branded apparel peers, with operating profit margins improving to 19.6% in FY26 from 18.1% in FY25
Bear Case 8
  • Working capital days have deteriorated sharply from 100 days to 147 days, indicating potential inventory buildup or slower receivables collection
  • Stock has underperformed with -11% return over 1 year and -3% CAGR over 3 years despite strong earnings growth, suggesting market skepticism
  • Net profit growth has been muted on a 3-year CAGR basis at just 8%, lagging revenue growth of 16% over the same period
  • EBITDA margins compressed in Q1 FY26 to 17.8% from 18.2% YoY despite 54.5% revenue surge, suggesting cost pressures from rapid expansion
  • Dividend yield of only 0.78% provides limited income support for investors during periods of capital depreciation
  • 10-year stock CAGR of only 4% indicates prolonged periods of value stagnation despite consistent business performance
  • Depreciation charges have risen sharply from Rs 10.4 crore in FY24 to Rs 44.3 crore in FY26, pressuring reported PAT as store count grows
  • Interest costs have risen from Rs 4.4 crore in FY24 to Rs 14.5 crore in FY26, a 3.3x increase reflecting higher lease liabilities from aggressive outlet expansion

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Limited recent news flow for KKCL with only a routine investor meeting announcement. No material headwinds or positive catalysts have emerged in the current news cycle. The lack of negative developments is reassuring, but investors should watch for any updates following the June 18 meeting.

Neutral 1
  • Investor meets scheduled Mumbai Jun 15

    Kewal Kiran Clothing scheduled analyst and investor meetings for June 18, 2026, in Mumbai. The company clarified no unpublished price sensitive information will be shared.

Quarterly Results

₹ Cr
KKCL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
178
262
200
219
151
308
255
288
234
354
301
324
279
373
Expenses
144
201
161
177
124
244
208
236
192
283
238
262
225
293
Operating Profit
34
62
39
42
28
64
47
52
42
71
63
62
54
80
OPM %
19%
24%
19%
19%
18%
21%
18%
18%
18%
20%
21%
19%
19%
21%
Other Income
11
8
9
8.23
11
34
2
3
14
7
3
0
13
7
Interest
2
1
1
1
1
3
3
4
4
4
4
3
3
3
Depreciation
2
3
3
3
3
9
10
10
11
11
11
12
13
12
PBT
41
66
44
48
35
86
36
41
41
63
51
47
51
72
Tax %
18%
25%
25%
21%
28%
22%
27%
26%
22%
25%
26%
27%
20%
25%
Net Profit
34
50
33
38
25
68
26
30
32
47
38
35
41
54
EPS (₹)
5.47
8.06
5.39
6.14
4.09
10.63
3.99
4.73
5.08
7.28
5.54
5.03
6.17
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
KKCL profit and loss, annual, ₹ crore
Particulars Mar 2006Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
87
444
466
460
503
530
303
608
779
860
1,003
1,213
1,258
Expenses
68
340
368
362
391
435
284
508
628
683
812
975
1,008
Operating Profit
20
104
99
98
112
95
19
100
152
177
191
238
250
OPM %
23%
23%
21%
21%
22%
18%
6%
16%
19%
21%
19%
20%
20%
Other Income
1
7
17
21
22
18
17
17
20
37
49
24
23
Interest
1
3
3
5
7
9
7
5
6
4
10
14
14
Depreciation
2
4
5
6
8
8
7
7
9
10
32
44
47
PBT
18
104
108
108
119
96
23
105
157
199
198
203
212
Tax %
34%
34%
31%
33%
33%
24%
12%
22%
24%
23%
24%
25%
—
Net Profit
12
68
75
73
80
73
20
82
119
154
149
152
161
EPS (₹)
—
11.03
12.1
11.88
13.03
11.86
3.21
13.25
19.31
25
23.44
23.03
24.02
Div. Payout %
12%
109%
31%
56%
52%
73%
143%
143%
26%
8%
9%
9%
—

Balance Sheet

₹ Cr
KKCL balance sheet, annual, ₹ crore
Particulars Mar 2006Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
9
12
12
12
12
12
12
62
62
62
62
62
Reserves
28
286
362
387
418
434
421
416
485
614
758
876
Borrowings
16
29
41
48
93
88
50
82
66
20
164
128
Other Liabilities
493
96
98
109
122
102
100
183
204
142
442
430
Total Liabilities
546
424
513
556
645
636
582
743
817
837
1,426
1,497
Fixed Assets
18
60
65
70
82
83
82
86
109
117
486
497
CWIP
8
3
7
9
2
3
1
1
1
0
0
0
Investments
2
160
205
230
235
195
131
140
152
177
174
165
Other Assets
518
202
236
248
325
356
368
516
554
543
766
834
Total Assets
546
424
513
556
645
636
582
743
817
837
1,426
1,497

Cash Flow

₹ Cr
KKCL cash flow, annual, ₹ crore
Particulars Mar 2006Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−4
47
80
56
0
51
97
57
75
136
14
183
Investing
−12
10
−9
−14
3
46
62
−2
−18
−10
−184
−28
Financing
496
−79
−27
−46
−11
−70
−85
−32
−52
−66
−20
−51
Net Cash Flow
480
−22
43
−4
−8
26
74
23
5
59
−191
104
Free Cash Flow
−18
36
66
47
−12
40
94
48
51
126
−70
166
CFO/OP
10
76
111
88
34
78
532
80
72
99
25
96

Ratios

KKCL financial ratios, annual
Particulars Mar 2006Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
55
90
83
96
129
118
158
103
80
86
114
97
Inventory Days
179
156
128
146
262
267
168
376
493
123
548
385
Days Payable
93
131
99
120
141
148
122
178
143
65
264
135
Cash Conversion Cycle
142
114
112
121
250
237
205
301
430
144
398
346
Working Capital Days
−1,933
75
51
62
111
122
60
25
48
70
84
106
ROCE %
—
—
30%
26%
26%
20%
6%
19%
26%
31%
18%
17%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Kewal Kiran Clothing insights

63 extracted metrics across FY06–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.29%
  • Public 12.48%
  • DIIs 8.38%
  • FIIs 2.44%
  • Others 2.41%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Kewal Kiran Clothing

What does Kewal Kiran Clothing Ltd do?
Kewal Kiran Clothing Limited was incorporated in 1992. The Company is engaged in manufacturing, marketing and retailing of branded readymade garments and finished accessories. The company has consumers in Asia, Middle East and CIS (Commonwealth of Independent States).
Where is Kewal Kiran Clothing Ltd (KKCL) listed?
Kewal Kiran Clothing Ltd trades as KKCL on the NSE and under code 532732 on the BSE.
Which sector does Kewal Kiran Clothing Ltd belong to?
Kewal Kiran Clothing Ltd is classified under the Textiles sector, in the Textiles & Apparels industry.
What is the PE ratio of Kewal Kiran Clothing Ltd?
Kewal Kiran Clothing Ltd trades at a PE ratio of 18.07 as of 4 Nov 2026, on earnings per share of ₹24.02, against a book value of ₹164.16 per share.
What is the 52-week high and low of Kewal Kiran Clothing Ltd?
Over the last 52 weeks Kewal Kiran Clothing Ltd has traded between ₹399.9 and ₹568.05 as of 4 Nov 2026.
Does Kewal Kiran Clothing Ltd pay dividends?
Kewal Kiran Clothing Ltd has a dividend yield of 0.46%.
What is the Return on Equity (ROE) of Kewal Kiran Clothing Ltd?
Kewal Kiran Clothing Ltd reported a return on equity of 14.70%. Its debt-to-equity ratio is 0.14.

Company Information

Kewal Kiran Clothing Limited was incorporated in 1992. The Company is engaged in manufacturing, marketing and retailing of branded readymade garments and finished accessories. The company has consumers in Asia, Middle East and CIS (Commonwealth of Independent States). Its registered office is in Mumbai.

Website kewalkiran.com
CEO Mr. Kewalchand Pukhraj Jain
Employees 1,783
Listed 13 Apr 2006
Face Value ₹10

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