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Kewal Kiran Clothing Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹392.39Overvalued by 17.39%vs CMP ₹475.00

P/E (22.3) × ROE (14.9%) × BV (₹147.00) × DY (0.42%)

₹276.18Overvalued by 41.86%vs CMP ₹475.00
MoS: -72% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹431.5923%Fair (-9.1%)
Graham NumberEarnings₹265.6116%Over (-44.1%)
Earnings PowerEarnings₹163.6711%Over (-65.5%)
DCFCash Flow₹327.8914%Over (-31%)
Net Asset ValueAssets₹142.447%Over (-70%)
EV/EBITDAEnterprise₹311.649%Over (-34.4%)
Earnings YieldEarnings₹213.307%Over (-55.1%)
ROCE CapitalReturns₹92.177%Over (-80.6%)
Revenue MultipleRevenue₹204.415%Over (-57%)
Consensus (9 models)₹276.18100%Overvalued
Key Drivers: Wide model spread (₹92–₹432) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 10.0%

*Investments are subject to market risks

Analyst Summary

Kewal Kiran Clothing Ltd operates in the Retail - Apparel/Accessories segment, NSE: KKCL | BSE: 532732, current market price is ₹475.00, market cap is 2,928 Cr.. At a glance, stock P/E is 22.3, ROE is 14.9 %, ROCE is 18.8 %, book value is 147, dividend yield is 0.42 %. The latest intrinsic value estimate is ₹276.18, around 41.9% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹840 Cr versus the prior period change of -2.3%, while latest net profit is about ₹141 Cr with a prior-period change of -9.0%. The 52-week range shown on this page is 595/408, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisKewal Kiran Clothing Ltd. is a Public Limited Listed company incorporated on 30/01/1992 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN)…

This summary is generated from the stock page data available for Kewal Kiran Clothing Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

66
Kewal Kiran Clothing Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health77/100 · Strong
ROCE 18.8% GoodROE 14.9% GoodD/E 0.11 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 1.07% MF buyingPromoter holding at 74.3% Stable
Earnings Quality65/100 · Strong
OPM expanding (18% → 20%) Improving
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +13% YoY GrowingProfit (4Q): -12% YoY Declining
Industry Rank65/100 · Strong
P/E 22.3 vs industry 33.5 Cheaper than peersROCE 18.8% vs industry 19.1% Average3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 10:56 pm

Market Cap 2,928 Cr.
Current Price 475
Intrinsic Value₹276.18
High / Low 595/408
Stock P/E22.3
Book Value 147
Dividend Yield0.42 %
ROCE18.8 %
ROE14.9 %
Face Value 10.0
PEG Ratio2.23

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Kewal Kiran Clothing Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kewal Kiran Clothing Ltd 2,928 Cr. 475 595/40822.3 1470.42 %18.8 %14.9 % 10.0
Vaibhav Global Ltd 3,592 Cr. 215 293/17417.2 86.62.79 %14.0 %11.7 % 2.00
Go Fashion (India) Ltd 1,513 Cr. 280 944/23721.3 1370.00 %15.1 %14.3 % 10.0
V2 Retail Ltd 7,404 Cr. 203 257/15757.0 10.60.00 %16.9 %23.3 % 1.00
Aditya Birla Fashion & Retail Ltd 7,542 Cr. 61.8 106/53.5 51.20.00 %2.87 %10.9 % 10.0
Industry Average29,290.50 Cr558.7833.5079.630.33%19.10%25.69%5.80

All Competitor Stocks of Kewal Kiran Clothing Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 199199178262200219151253202234181288228
Expenses 166160144201161177124200165192148230182
Operating Profit 34393462394228533642335846
OPM % 17%20%19%24%19%19%18%21%18%18%18%20%20%
Other Income 78118981134231473
Interest 2221111333343
Depreciation 2223333334445
Profit before tax 36424166444835823237395641
Tax % 25%26%18%25%25%21%27%21%27%25%22%24%26%
Net Profit 27323450333825642328314330
EPS in Rs 4.385.135.498.085.406.104.1110.463.754.544.966.904.93

Last Updated: March 4, 2026, 4:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 6:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 363398444466460503530303608779860840931
Expenses 270301340368362391435284508628683681753
Operating Profit 939710499981129519100152177160178
OPM % 26%24%23%21%21%22%18%6%16%19%21%19%19%
Other Income 128717212218171720374926
Interest 33335797564913
Depreciation 5445688779101317
Profit before tax 97981041081091199622105157200186174
Tax % 31%32%34%31%33%33%24%13%22%24%23%24%
Net Profit 676668757380731982119155141131
EPS in Rs 10.8810.7511.0312.1111.8913.0411.863.1513.2519.3625.0722.8621.33
Dividend Payout % 39%47%109%31%56%52%73%146%143%26%8%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-1.49%3.03%10.29%-2.67%9.59%-8.75%-73.97%331.58%45.12%30.25%-9.03%
Change in YoY Net Profit Growth (%)0.00%4.52%7.26%-12.96%12.26%-18.34%-65.22%405.55%-286.46%-14.87%-39.28%

Kewal Kiran Clothing Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:10%
3 Years:11%
TTM:4%
Compounded Profit Growth
10 Years:6%
5 Years:9%
3 Years:15%
TTM:0%
Stock Price CAGR
10 Years:2%
5 Years:27%
3 Years:8%
1 Year:-14%
Return on Equity
10 Years:18%
5 Years:17%
3 Years:20%
Last Year:15%

Last Updated: September 5, 2025, 9:00 am

Balance Sheet

Last Updated: December 4, 2025, 1:31 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12121212121212126262626262
Reserves 278307286362387418434421417486615756816
Borrowings 1211294148939150826620147155
Other Liabilities 6879969810912299100183204142229262
Total Liabilities 3714104245135576466375827438178381,1931,295
Fixed Assets 435460657082838286101110150155
CWIP 0437923111000
Investments 167178161205230236195131146158185429423
Other Assets 161174200236248325356368510557543614717
Total Assets 3714104245135576466375827438178381,1931,295

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 4275478056-05197577513628
Cash from Investing Activity + -37-2410-9-1434662-7-10-13-212
Cash from Financing Activity + -31-42-79-27-46-11-70-85-32-55-64-14
Net Cash Flow -279-2243-4-82674171059-198
Free Cash Flow 3956366647-124094485912713
CFO/OP 74%111%76%111%88%34%78%532%80%72%99%39%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow81.0086.0075.0058.0050.0019.004.00-31.0018.0086.00157.0013.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 64719083961291181581038086102
Inventory Days 138123156128146262267168376493123691
Days Payable 78931319912014114812217814365330
Cash Conversion Cycle 123101114112121250237205301430144463
Working Capital Days 44487451621111226025487062
ROCE %32%30%31%30%26%26%20%6%19%26%31%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.26%74.26%74.26%74.26%74.26%74.26%74.26%74.26%74.28%74.28%74.28%74.28%
FIIs 2.44%2.62%2.60%2.53%2.10%2.80%2.81%2.05%2.39%2.62%2.37%2.33%
DIIs 5.95%6.53%7.99%8.61%8.85%6.91%6.83%7.20%7.76%8.50%8.65%8.83%
Public 17.34%16.58%15.14%14.59%14.80%16.03%16.10%16.48%15.59%14.60%14.71%14.57%
No. of Shareholders 30,94229,34230,26332,01633,37233,49534,81436,51435,78634,91535,36834,175

Shareholding Pattern Chart

No. of Shareholders

Kewal Kiran Clothing Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Small Cap Fund 1,522,714 0.36 70.071,513,8462026-02-23 03:11:260.59%
Kotak Small Cap Fund 915,494 0.26 42.13N/AN/AN/A
UTI Small Cap Fund 733,266 0.74 33.74575,8882025-12-08 01:35:2527.33%
ICICI Prudential Smallcap Fund 579,015 0.33 26.64578,9142026-02-21 11:01:350.02%
Aditya Birla Sun Life Dividend Yield Fund 550,131 1.66 25.31435,1312025-12-08 04:11:0826.43%
Bandhan Multi Asset Allocation Fund 154,074 0.24 7.09157,9052026-02-22 05:32:25-2.43%
UTI India Consumer Fund 150,000 1.01 6.9118,0002025-12-08 04:11:0827.12%
Mahindra Manulife Consumption Fund 91,361 0.82 4.254,0002025-12-08 04:11:0869.19%
Navi Large & Midcap Fund 31,500 0.48 1.45N/AN/AN/A
Navi Flexi Cap Fund 25,000 0.46 1.15N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 23.4425.0019.3113.2516.07
Diluted EPS (Rs.) 23.4425.0019.3113.2516.07
Cash EPS (Rs.) 29.4426.7020.7514.4121.19
Book Value[Excl.RevalReserv]/Share (Rs.) 133.05109.6588.7677.57351.19
Book Value[Incl.RevalReserv]/Share (Rs.) 133.05109.6588.7677.57351.19
Revenue From Operations / Share (Rs.) 162.72139.63126.4898.60245.62
PBDIT / Share (Rs.) 38.9434.7327.9318.9928.97
PBIT / Share (Rs.) 33.7233.0526.5217.8523.54
PBT / Share (Rs.) 32.0732.3425.4817.1218.01
Net Profit / Share (Rs.) 24.2125.0119.3413.2715.76
NP After MI And SOA / Share (Rs.) 23.4425.0019.3113.2416.07
PBDIT Margin (%) 23.9224.8722.0819.2611.79
PBIT Margin (%) 20.7223.6620.9618.109.58
PBT Margin (%) 19.7123.1520.1417.367.33
Net Profit Margin (%) 14.8817.9115.2813.466.41
NP After MI And SOA Margin (%) 14.4017.9015.2613.436.54
Return on Networth / Equity (%) 17.6222.8021.7517.074.57
Return on Capital Employeed (%) 19.2829.3229.1822.806.60
Return On Assets (%) 10.1318.4014.5710.983.40
Long Term Debt / Equity (X) 0.000.000.000.000.01
Total Debt / Equity (X) 0.130.000.090.160.11
Asset Turnover Ratio (%) 0.881.040.990.910.49
Current Ratio (X) 2.464.792.562.373.28
Quick Ratio (X) 1.824.211.921.942.92
Inventory Turnover Ratio (X) 6.546.951.472.331.33
Dividend Payout Ratio (NP) (%) 0.0015.9941.4245.29186.72
Dividend Payout Ratio (CP) (%) 0.0014.9838.5941.70139.52
Earning Retention Ratio (%) 0.0084.0158.5854.71-86.72
Cash Earning Retention Ratio (%) 0.0085.0261.4158.30-39.52
Interest Coverage Ratio (X) 23.6849.0926.9625.865.24
Interest Coverage Ratio (Post Tax) (X) 15.7336.3619.6619.073.85
Enterprise Value (Cr.) 2962.533912.212454.701110.61954.23
EV / Net Operating Revenue (X) 2.954.553.151.833.15
EV / EBITDA (X) 12.3518.2814.269.4926.72
MarketCap / Net Operating Revenue (X) 2.814.803.302.033.54
Retention Ratios (%) 0.0084.0058.5754.70-86.72
Price / BV (X) 3.436.114.712.582.48
Price / Net Operating Revenue (X) 2.814.803.302.033.54
EarningsYield 0.050.030.040.060.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kewal Kiran Clothing Ltd. is a Public Limited Listed company incorporated on 30/01/1992 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L18101MH1992PLC065136 and registration number is 065136. Currently Company is involved in the business activities of Manufacture of wearing apparel, except fur apparel. Company's Total Operating Revenue is Rs. 840.35 Cr. and Equity Capital is Rs. 61.63 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Retail - Apparel/Accessories460/7, Kewal Kiran Estate, Mumbai Maharashtra 400063Contact not found
Management
NamePosition Held
Mr. Kewalchand P JainChairman & Managing Director
Mr. Hemant P JainJoint Managing Director
Mr. Dinesh P JainWhole Time Director
Mr. Vikas P JainWhole Time Director
Mr. Paresh H ClerkIndependent Director
Ms. Ushma S SuleIndependent Director
Mr. Jayraj S ShethIndependent Director
Mr. Vivek K ShiralkarIndependent Director

FAQ

What is the intrinsic value of Kewal Kiran Clothing Ltd and is it undervalued?

As of 30 April 2026, Kewal Kiran Clothing Ltd's intrinsic value is ₹276.18, which is 41.86% lower than the current market price of ₹475.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.9 %), book value (₹147), dividend yield (0.42 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kewal Kiran Clothing Ltd?

Kewal Kiran Clothing Ltd is trading at ₹475.00 as of 30 April 2026, with a FY2026-2027 high of ₹595 and low of ₹408. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,928 Cr..

How does Kewal Kiran Clothing Ltd's P/E ratio compare to its industry?

Kewal Kiran Clothing Ltd has a P/E ratio of 22.3, which is below the industry average of 33.50. This is broadly in line with or below the industry average.

Is Kewal Kiran Clothing Ltd financially healthy?

Key indicators for Kewal Kiran Clothing Ltd: ROCE of 18.8 % indicates efficient capital utilization. Dividend yield is 0.42 %.

Is Kewal Kiran Clothing Ltd profitable and how is the profit trend?

Kewal Kiran Clothing Ltd reported a net profit of ₹141 Cr in Mar 2025 on revenue of ₹840 Cr. Compared to ₹82 Cr in Mar 2022, the net profit shows an improving trend.

Does Kewal Kiran Clothing Ltd pay dividends?

Kewal Kiran Clothing Ltd has a dividend yield of 0.42 % at the current price of ₹475.00. The company pays dividends, though the yield is modest.

Last Updated: April 25, 2026, 10:56 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532732 | NSE: KKCL
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kewal Kiran Clothing Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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