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Kitex Garments Ltd

Updated on February 20, 2020

Stock/Share Code - KITEX

Kitex Garments is engaged in the manufacture of fabric and readymade garments.(Source : 201903 Annual Report Page No: 105)

Below is the details of KITEX Kitex Garments Ltd

Market Cap₹656.02 Cr.
Current Price ₹94.25 as on 10 Dec 19
52 Week High / Low Price₹119.85 / ₹70.05
Face Value₹1
Stock P/E7.32
Book Value₹95.08
Dividend Yield1.52 %
ROCE22.25 %
ROE14.72 %
Sales Growth (3yrs)3.59 %
SectorReadymade Garments/ Apparells
IndustryTextiles - Products
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Stock is trading at 1.04 times its book value
Cons: The company has delivered a poor growth of 6.53% over past five years. Dividend payout has been low at 11.41% of profits over last 3 years

Kitex Garments Ltd Price Chart

Kitex Garments Ltd Price Chart

Kitex Garments Ltd Peer Comparison in Readymade Garments/ Apparells

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Page Industries ₹22,002.9 61.15 ₹24,584.75 Cr. 1.56 ₹114.51 Cr. 23.62 12.25 775.40 68.73
2. K P R Mill Ltd ₹660 12.19 ₹4,529.07 Cr. 0.12 ₹109.14 Cr. 30.61 5.73 808.04 21.13
3. Rupa & Co ₹188.7 18.43 ₹1,508.18 Cr. 1.58 ₹31.97 Cr. 32.11 11.73 287.90 20.16
4. Kewal Kir.Cloth. ₹940.1 15.12 ₹1,187.69 Cr. 3.53 ₹31.58 Cr. -5.93 9.45 166.65 25.96
5. Kitex Garments 7.32 ₹656.02 Cr. 1.52 ₹38.36 Cr. 46.64 17.05 196.47 22.25
6. Zodiac Cloth. Co ₹171.1 ₹432.7 Cr. 0.49 -₹6.13 Cr. 22.99 -7.27 44.13 -4.33
7. Pearl Global Ind ₹152.9 6.96 ₹361.61 Cr. 1.80 ₹7.05 Cr. 157.78 -4.31 435.60 14.02

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Kitex Garments Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
Sales142177130149147131123168136180146196
YOY Sales Growth %20.54%-3.86%9.09%38.93%3.47%-25.99%-5.61%12.95%-7.6%37.2%18.49%17.05%
Expenses941309410611311395132111136115157
Material Cost %35.32%36.28%35.34%37.88%37.83%44.73%37.43%47.48%35.97%39.85%39.34%42.86%
Employee Cost %15.75%14.09%18.05%16.57%17.27%19.02%20.3%15.68%19.69%15.01%17.09%15.65%
Operating Profit494836433518283625443039
OPM %34%27%28%29%23%14%22%21%19%24%21%20%
Other Income71131191342113
Interest221221011111
Depreciation556666777777
Profit before tax484030382812304121372344
Tax %34%34%40%37%37%12%38%37%42%35%38%12%
Net Profit322718241810192612241538
EPS in Rs4.772.892.703.632.651.642.793.931.863.642.195.77
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales176182247242312317442511546546557607658
Sales Growth %15.13%3.57%35.65%-2.08%28.78%1.6%39.51%15.58%6.79%0.01%2.08%8.89%%
Expenses164164224208253255345340357376423468520
Material Cost %64.81%61.07%54.5%54.01%55.21%52.1%53.36%41%38.75%35.76%38.89%40.6%%
Manufacturing Cost %3.85%5.05%14.99%13.13%10.16%10.95%9.69%8.16%8.88%12.28%13.46%12.62%%
Employee Cost %20.79%21.15%17.69%14.52%12.12%13.81%12.88%14.58%15.32%16.85%16.62%16.17%%
Other Cost %3.71%2.72%3.3%4.32%3.47%3.65%2.17%2.74%2.47%3.94%6.94%7.71%%
Operating Profit12182434596297171189170134139139
OPM %7%10%10%14%19%19%22%34%35%31%24%23%21%
Other Income1920261964131320322220
Interest1116151519131221169645
Depreciation56777910212122232727
Profit before tax15162831404488142171142107130126
Tax %39%38%33%34%32%33%35%30%34%35%35%37%
Net Profit91018212729579911292708190
EPS in Rs1.311.462.743.064.014.328.5114.6316.6413.8610.5312.2513.46
Dividend Payout %11%12%8%9%11%13%8%6%6%8%14%12%

Compounded Sales Growth

  • 10 Years:: 12.77%
  • 5 Years:: 6.53%
  • 3 Years:: 3.59%
  • TTM:: 15.62%

Compounded Profit Growth

  • 10 Years:: 23.39%
  • 5 Years:: 7.28%
  • 3 Years:: -10.10%
  • TTM:: 23.29%

Return on Equity

  • 10 Years:: 18.54%
  • 5 Years:: -23.40%
  • 3 Years:: -29.59%
  • 1 Year:: -9.58%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital5555555555777
Equity Capital4.754.754.754.754.754.754.754.754.754.756.656.656.65
Reserves2534506993118169259363451510585626
Borrowings11513870108102101134161110889092
Other Liabilities3938596869729611110310597108135
Trade Payables20.2516.3623.5931.9726.8222.8924.4219.7242.6145.8944.9342.8272.11
Total Liabilities184214184250268296405536581570622789859
Fixed Assets101123119122123117181188173173172164179
Gross Block114.01141.33143.52154.03161.33163.77237.4262.52268.3194.62214.66234.08
Accumulated Depreciation12.6518.324.8631.7238.5446.5256.1974.395.3121.7843.0169.71
CWIP131110210116344018
Investments00000000512272930
Other Assets699064127145176223348402369390556631
Inventories17.7824.1422.2656.5951.9645.8610.811.213.0240.587.82128.88179.58
Trade receivables31.2555.315.1939.2931.8350.6353.0662.6696.01131.15123.01165.32191.92
Cash Equivalents7.652.868.116.3936.5241.18103.61203.26249.91134.5396.8798.6497.28
Loans n Advances12.198.128.5821.0420.7528.0650.7365.2734.1752.473.37105.5755.58
Other Assets etc0003.83.8310.614.535.578.5510.658.4657.37106.82
Total Assets184214184250268296405536581570622789859

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity17187-166324115128135452910
Profit from operations28.8335.0235.7551.1464.5950.0183.89145.97208.37178.01136.92157.94
Working Capital Changes-10.28-32.1451.57-58.2311.37-25.6431.46-17.61-21.56-74.98-62.53-111.39
Taxes paid-1.95-2.080-8.55-13.39000-51.71-58.38-45.77-36.86
Cash from Investing Activity-15-15-2-11-7-5-72-30-10-41-51-80
Fixed Assets Purchased-14.96-15.46-2.31-10.69-6.81-4.97-72.02-31.79-6.04-28.08-39.44-27.55
Fixed Assets Sold0.0300.010.010.040.201.560.260.391.820.51
Investments purchased00000000-4.61-7.09-14.76-2.7
Cash from Financing Activity-99-8124-27-15182-78-120-1572
Proceeds from Borrowings1.1823.27057.4116.057.7533.363.720000
Repayment of Borrowings00-68.2-18.39-22.98-8.26000000
Interest Paid-9.36-12.7-11.34-13.01-17.6-11.47-10.62-19.16-16.09-9.47-4.67-3.92
Dividends Paid-0.95-1.19-1.12-1.62-2.21-3.31-4.45-5.56-11.19000
Net Cash Flow-8-54-22946210147-116-381

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Ratios

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %18%20%29%30%31%27%38%45%42%32%23%22%
Debtor Days651118593758444564888199
Inventory Turnover12.428.7010.666.155.756.4815.6146.4645.0720.408.695.60

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.