MarketFriction

Kitex Garments Ltd

NSE KITEX · BSE 521248 · Garments & Apparels
₹116.68 -2.40%
NSE close2026-10-01
52 week range114.36 - 232.70
Market cap₹2,304 Cr.
Microcap 250 Price band 20% Delivery 43.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales134164173190216276300197122182166158
Expenses115132139150161222249162138174164148
Operating Profit1933354055545134-168210
OPM %14%20%20%21%25%20%17%17%-13%4.7%1.0%6%
Other Income62333851305348
Interest223234548132114
Depreciation555544338132018
Profit before tax1928303650554828-2-12-5-13
Tax %29%47%34%27%27%27%33%32%171%37%81%28%
Net Profit1315202737413219-6-17-9-17
EPS in Rs0.670.761.011.371.872.061.661.04-0.08-0.47-0.20-0.45
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales546546557607739455788557617983667629
Expenses357376423468607355618496516781637624
Operating Profit18917013413913210017161101202304
OPM %35%31%24%23%18%22%22%11%16%21%4.5%0.7%
Other Income203222394274414197077
Interest1696473447154755
Depreciation212223272623212121164559
Profit before tax1711421071301387917379871908-33
Tax %34%35%35%37%25%31%28%28%36%28%257%
Net Profit110836471103541255756136-13-50
EPS in Rs5.504.183.193.585.182.726.272.882.826.950.30-1.20
Dividend Payout %6%9%16%14%10%18%8%17%18%7%169%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%8%6%-36%
Compounded Profit Growth%%%-121%
Stock Price CAGR1%16%19%-38%
Return on Equity10%8%6%-3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital55577777772020
Reserves2593604404925576356898068528981,0131,010
Borrowings161110889096073256811,0821,199
Other Liabilities110101102931049892108251339471813
Total Liabilities5355765556007588357879941,1341,9252,5873,042
Fixed Assets1881731731722142342272432642442321,142
CWIP011634402120122928861,391946
Investments021900000000
Other Assets347400366385503581540739578795964954
Total Assets5355765556007588357879941,1341,9252,5873,042
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1281354529951116-10295-3854346
Cash from Investing Activity-30-10-41-51-79-26-8-46-415-607-455-334
Cash from Financing Activity2-78-120-1572-25-99605765039064
Net Cash Flow10147-116-3810104-624-1075
Free Cash Flow9812917-9-6822107-37-121-655-45118
CFO/OP75%99%61%55%33%78%136%23%533%-13%52%1,258%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days456488819912414214513315212668
Inventory Days202276148191148252154161235165165
Days Payable347285726254776158796761
Cash Conversion Cycle301579157228218317238237308224173
Working Capital Days-58-249913813613724217717620713712
ROCE %42%33%24%23%21%11%22%9%7%10%2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%
FIIs0.66%0.84%0.97%0.82%0.74%1.10%0.90%0.93%1.16%0.90%0.88%1.21%
DIIs0.00%0.00%0.00%0.00%0.00%0.40%0.87%0.90%0.34%0.16%0.13%0.12%
Public42.68%42.50%42.38%42.52%42.61%41.85%41.58%41.51%41.84%42.28%42.33%42.01%
No. of Shareholders54,75252,65754,36153,48755,86368,46579,05784,15998,21497,4071,00,55599,677

Fundamentals

Market Cap₹ 2,304 Cr.
Current Price₹ 116
Book Value₹ 51.6
ROCE1.59 %
ROE-3.22 %
Dividend Yield0.43 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-36%
Compounded Profit Growth (TTM)-121%
Consolidated figures.
Valuation
Market capRs 2,328 Cr
Enterprise valueRs 3,375 Cr
Price to book2.26x
Price to sales3.70x
EV / EBITDA41.59x
EV / EBIT152.37x
EV / sales5.37x
Price to cash flow6.73x
Earnings yield-1.02%
Dividend yield0.43%
P/E, 3-year average171.08x
P/B, 3-year average2.23x
P/E, 5-year average104.59x
P/B, 5-year average1.54x
Profitability
Operating margin (excl. other income)4.48%
Operating margin (incl. other income)14.95%
EBITDA margin12.91%
Pre-tax margin-5.27%
Net profit margin-3.79%
Net margin, latest quarter-5.68%
ROE0.57%
ROCE2.54%
ROA0.21%
ROE, 3-year average7.09%
ROCE, 3-year average7.07%
ROA, 3-year average3.35%
ROE, 5-year average8.95%
ROCE, 5-year average10.60%
ROA, 5-year average5.90%
ROIC (approx.)-1.68%
Tax rate257.26%
Other income / net worth6.78%
Growth
Sales growth (latest year)-32.14%
Profit growth (latest year)-95.74%
Sales CAGR, 3 years6.19%
Sales CAGR, 5 years7.93%
Profit CAGR, 3 years-53.17%
Profit CAGR, 5 years-35.82%
Sales growth QoQ-4.66%
Sales growth YoY (latest quarter)-19.45%
Profit growth YoY (latest quarter)-143.35%
Per share
EPS (TTM)Rs -1.20
EPS (latest year)Rs 0.30
EPS (latest quarter)Rs -0.45
EPS, 3-year averageRs 5.24
EPS, 5-year averageRs 8.64
Book value per shareRs 51.62
Sales per shareRs 31.51
Cash flow per shareRs 17.33
Free cash flow per shareRs 0.90
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.83
Dividend per share, 5-year averageRs 1.10
Dividends
Dividend payout168.87%
Dividend payout, 3-year average64.59%
Dividend payout, 5-year average43.82%
Efficiency
Asset turnover0.22x
Fixed asset turnover0.58x
Inventory turnover2.93x
Inventory days125 days
Debtor days68 days
Debtors turnover5.35x
Creditor days61 days
Cash conversion cycle173 days
Working capital days12 days
Leverage
Total debtRs 1,199 Cr
Cash and bankRs 152 Cr
Net debtRs 1,047 Cr
Debt to equity1.16x
Net debt / EBITDA12.91x
Interest coverage0.40x
Current ratio (filing 2026-03-31)1.50x
Quick ratio (filing 2026-03-31)1.07x
Trade payables (filing 2026-03-31)Rs 55 Cr
Owners' fund to total sources33.85%
Debt to assets39.43%
Cash flow
Cash from Operating Activity (latest year)Rs 346 Cr
Cash from Investing Activity (latest year)Rs -334 Cr
Cash from Financing Activity (latest year)Rs 64 Cr
Net Cash Flow (latest year)Rs 75 Cr
Free cash flow (latest year)Rs 18 Cr
FCFE (approx.: FCF + change in debt)Rs 135 Cr
Cash from ops / profit, 5 years1.79x
Sales to cash flow1.93x
Statement figures
Net sales (TTM)Rs 629 Cr
Net sales (latest year)Rs 667 Cr
Sales (latest quarter)Rs 158 Cr
Operating profit excl. other income (latest year)Rs 30 Cr
Operating profit (latest quarter)Rs 10 Cr
Other income (TTM)Rs 77 Cr
EBITDA (TTM)Rs 81 Cr
PBDT (TTM)Rs 26 Cr
Profit before tax (TTM)Rs -33 Cr
Tax (latest year)Rs 22 Cr
Net profit (TTM)Rs -24 Cr
Net profit (latest year)Rs 6 Cr
Net profit (latest quarter)Rs -9 Cr
Depreciation (TTM)Rs 59 Cr
Depreciation (latest quarter)Rs 18 Cr
Interest (TTM)Rs 55 Cr
Cost of goods sold (latest year)Rs 442 Cr
Total expenditure (latest year)Rs 637 Cr
Total income (latest year)Rs 737 Cr
Share capitalRs 20 Cr
ReservesRs 1,010 Cr
Shareholders' fundsRs 1,030 Cr
Total assetsRs 3,042 Cr
Net blockRs 1,142 Cr
Capital work in progressRs 946 Cr
InvestmentsRs 0 Cr
ReceivablesRs 125 Cr
InventoryRs 151 Cr
Other liabilitiesRs 813 Cr
Shares outstanding (crore)19.95
Ownership
Promoter holding56.66% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 2.26 is at the 61th percentile (median 1.62).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKITEXNifty 50Difference
1 week-1.7%-2.8% +1.1 pts
1 month-7.4%-6.8% -0.6 pts
3 months-27.0%-7.6% -19.4 pts
6 months-18.0%+0.4% -18.4 pts
1 year-41.5%-9.9% -31.6 pts
2 years-25.0%-13.6% -11.5 pts
3 years+68.6%+14.2% +54.4 pts
5 years+109.6%+27.9% +81.7 pts
6 mutual fund schemes hold about ₹3 Cr. Over three months 2 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.11%3 +2%
Groww Nifty Total Market Index Fund0.01%0 +14%
Angel One Nifty Total Market Index Fund0.01%0 -2%
Mirae Asset Nifty Total Market Index Fund0.01%0 -2%
Bandhan Nifty Total Market Index Fund0.01%0 -2%
Motilal Oswal BSE 1000 Index Fund0.01%0 +14%

Red flags

F-score 5 of 8
explainLow interest cover Interest cover 1.2x in 2026
lookProfit leans on other income Other income was 831% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-06-30: Kitex Garments Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹158 Cr -19.8% vs Jun 2025. Net loss ₹17 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Re 0.50 Per Share
2025-09-10Dividend - Re 0.50 Per Share
2025-01-17Bonus 2:10.3333
2024-09-20Annual General Meeting/Dividend - Rs 1.50 Per Share
2023-09-22Annual General Meeting/Dividend - Rs 1.50 Per Share
2022-08-19Annual General Meeting/Dividend - Rs 1.50 Per Share
2021-08-30 Annual General Meeting/Dividend - Rs 1.50 Per Share
2020-09-22 Annual General Meeting
2020-02-18 Interim Dividend - Re 1.50 Per Share
2019-08-19 Dividend - Rs 1.50 Per Share
2018-07-19 Annual General Meeting/Dividend- Re 0.75 Per Share
2017-11-16 Interim Dividend - Re 0.75 Per Share
2017-06-22 Bonus 2:50.7143
2017-06-09 Annual General Meeting/Dividend - Re 0.75 Per Share
2016-11-17 Interim Dividend Re 0.75 Per Share
2016-06-02 Annual General Meeting/ Dividend -Re 0.75/- Per Share
2015-10-29 Interim Dividend - Re 0.75/- Per Share
2015-05-25Annual General Meeting/ Dividend - Rs 1.25/- Per Share
2014-05-07Annual General Meeting/Dividend Re 1/- Per Share
2013-05-07Annual General Meeting / Dividend Re.0.80 Per Share
DateTypeWhat it says
2026-09-28Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-22General UpdatesGeneral Updates of issuance of notice to shareholders holding physical shares for furnishing PAN and KYC details.
2026-09-08Clarification - Financial ReThe Exchange has sought clarification from Kitex Garments Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing...
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-31Record DateRecord date for the purpose of Dividend is 18-Sep-2026.
2026-08-31General UpdatesDate of 34th Annual General Meeting of the Company
2026-08-28Credit Rating- RevisionCredit Rating- Reason for downward revision
2026-08-27Credit RatingCredit Rating
2026-08-14Board meeting outcomeOutcome of Board Meeting held on August 14, 2026.
2026-08-14General UpdatesFund Raising
2026-08-14Board meeting outcomeKitex Garments Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-27Scheme of ArrangementUpdate on Scheme of Arrangement being the voting results along with scrutinizers report with respect to equity shareholders and unsecured creditors me...
2026-07-24Scheme of ArrangementUpdate on Scheme of Arrangement being the proceedings of meetings convened on July 24, 2026 pursuant to the order of Honble NCLT, Kochi Bench for cons...
2026-07-10Scheme of ArrangementUpdate on Scheme of Arrangement between Kitex Childrenswear Limited and Kitex Garments Limited and their respective shareholders and creditors - Adden...
2026-06-30UpdatesReconstitution of Committees of Board of Directors.
2026-06-30Change in AuditorsChange in Auditors of the company.
2026-06-30AppointmentAppointment of Mr. Bijoy Philipose as Non- Executive Independent Director of the company w.e.f. Jun 30, 2026.
2026-06-23Scheme of ArrangementUpdate on Scheme of Arrangement between Kitex Childrenswear Limited and Kitex Garments Limited and their respective shareholders and creditors (Scheme...
2026-06-22Disclosure under SEBI TakeovKitex Garments Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-06-06ResignationResignation of Director/KMP/SMP
2026-06-06CessationCessation of Mr. C P Philipose as Non- Executive Independent Director of the company w.e.f. Jun 06, 2026.
2026-06-06Director changeChange in Director(s) of the company.
2026-05-30DividendBoard of Directors at its adjourned meeting held on May 30, 2026, recommended Final Dividend of Rs. 0.50 per equity share.
2026-05-30Board meeting outcomeKitex Garments Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Kitex Garments Ltd?

Kitex Garments Ltd (KITEX) has a market capitalisation of Rs 2,304 Cr. at the 2026-10-01 close.

What were Kitex Garments Ltd's latest quarterly results?

In the Jun 2026 quarter, Kitex Garments Ltd sales was Rs 158 Cr (-19.8% vs Jun 2025) with a net loss of Rs 17 Cr.

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

The 52-week high is Rs 232.70 and the 52-week low is Rs 114.36.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03