Fundamental Analysis of Kewal Kiran Clothing Ltd

About the Company - Kewal Kiran Clothing Ltd

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. 607.61 Cr. and Equity Capital is Rs. 61.63 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Retail - Apparel/Accessories	460/7, Kewal Kiran Estate, I. B. Patel Road, Mumbai Maharashtra 400063	grievanceredressal@kewalkiran.com http://www.kewalkiran.com

Management
Name	Position Held
Mr. Kewalchand P Jain	Chairman & Managing Director
Mr. Hemant P Jain	Joint Managing Director
Mr. Dinesh P Jain	Whole Time Director
Mr. Vikas P Jain	Whole Time Director
Ms. Drushti R Desai	Independent Director
Dr. Prakash A Mody	Independent Director
Mr. Nimish G Pandya	Independent Director
Mr. Yogesh A Thar	Independent Director

Basic Stock Data of Kewal Kiran Clothing Ltd

Last Updated: July 26, 2024, 10:26 pm

Market Cap	4,089 Cr.
Current Price	664
High / Low	827/620
Stock P/E	26.5
Book Value	110
Dividend Yield	0.75 %
ROCE	31.2 %
ROE	25.2 %
Face Value	10.0
PEG Ratio	1.74

Data Source: screener.in

Kewal Kiran Clothing Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	118	111	92	175	171	170	155	226	199	199	178	262	200
Expenses	105	101	84	143	144	137	125	176	166	160	144	201	161
Operating Profit	13	10	8	32	28	32	29	50	34	39	34	62	39
OPM %	11%	9%	9%	18%	16%	19%	19%	22%	17%	20%	19%	24%	19%
Other Income	4	3	4	6	4	4	0	6	7	8	11	8	9
Interest	1	1	1	1	1	1	1	1	2	2	2	1	1
Depreciation	2	2	2	2	2	2	2	2	2	2	2	3	3
Profit before tax	15	10	9	35	29	33	26	52	36	42	41	66	44
Tax %	27%	19%	2%	23%	25%	24%	18%	25%	25%	26%	18%	25%	25%
Net Profit	11	8	9	27	21	25	22	39	27	32	34	50	33
EPS in Rs	1.76	1.34	1.39	4.39	3.46	4.02	3.50	6.35	4.38	5.13	5.49	8.08	5.40

Last Updated: July 11, 2024, 7:56 am

Kewal Kiran Clothing Ltd Quarterly Chart

Kewal Kiran Clothing Ltd Profit & Loss

Last Updated: July 10, 2024, 7:00 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	294	294	363	398	444	466	460	503	530	303	608	779	841
Expenses	221	220	270	301	340	368	362	391	435	284	508	628	667
Operating Profit	73	74	93	97	104	99	98	112	95	19	100	152	174
OPM %	25%	25%	26%	24%	23%	21%	21%	22%	18%	6%	16%	19%	21%
Other Income	12	12	12	8	7	17	21	22	18	17	17	20	36
Interest	3	3	3	3	3	3	5	7	9	7	5	6	6
Depreciation	6	6	5	4	4	5	6	8	8	7	7	9	10
Profit before tax	76	77	97	98	104	108	109	119	96	22	105	157	195
Tax %	32%	31%	31%	32%	34%	31%	33%	33%	24%	13%	22%	24%
Net Profit	52	53	67	66	68	75	73	80	73	19	82	119	149
EPS in Rs	8.46	8.67	10.88	10.75	11.03	12.11	11.89	13.04	11.86	3.15	13.25	19.36	24.10
Dividend Payout %	40%	40%	39%	47%	109%	31%	56%	52%	73%	146%	143%	26%

Kewal Kiran Clothing Ltd Profit & Loss Yearly Chart

Kewal Kiran Clothing Ltd Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	11%
3 Years:	42%
TTM:	10%

Compounded Profit Growth
10 Years:	10%
5 Years:	14%
3 Years:	99%
TTM:	38%

Stock Price CAGR
10 Years:	7%
5 Years:	27%
3 Years:	55%
1 Year:	-3%

Return on Equity
10 Years:	19%
5 Years:	18%
3 Years:	22%
Last Year:	25%

Last Updated: July 24, 2024, 5:33 pm

Kewal Kiran Clothing Ltd Balance Sheet

Last Updated: July 10, 2024, 7:00 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	12	12	12	12	12	12	12	12	12	12	62	62	62
Reserves	213	242	278	307	286	362	387	418	434	421	417	486	556
Borrowings	15	14	12	11	29	41	48	93	91	50	82	66	65
Other Liabilities	45	56	68	79	96	98	109	122	99	100	183	204	199
Total Liabilities	285	324	371	410	424	513	557	646	637	582	743	817	882
Fixed Assets	43	44	43	54	60	65	70	82	83	82	86	101	105
CWIP	1	1	0	4	3	7	9	2	3	1	1	1	2
Investments	32	122	167	178	161	205	230	236	195	131	146	158	178
Other Assets	209	159	161	174	200	236	248	325	356	368	510	557	598
Total Assets	285	324	371	410	424	513	557	646	637	582	743	817	882

Kewal Kiran Clothing Ltd Reserves and Borrowings Chart

Kewal Kiran Clothing Ltd Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	66	42	75	47	80	56	-0	51	97	57	75	136
Cash from Investing Activity	-79	-37	-24	10	-9	-14	3	46	62	-7	-10	-13
Cash from Financing Activity	-28	-31	-42	-79	-27	-46	-11	-70	-85	-32	-55	-64
Net Cash Flow	-41	-27	9	-22	43	-4	-8	26	74	17	10	59

Kewal Kiran Clothing Ltd Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	59	64	71	90	83	96	129	118	158	103	80	86
Inventory Days	115	138	123	156	128	146	262	267	168	376	493	70
Days Payable	78	78	93	131	99	120	141	148	122	178	143	37
Cash Conversion Cycle	97	123	101	114	112	121	250	237	205	301	430	119
Working Capital Days	43	56	48	74	51	62	111	122	116	72	73	139
ROCE %	30%	32%	30%	31%	30%	26%	26%	20%	6%	19%	26%

Kewal Kiran Clothing Ltd Financial Efficiency Indicators Chart

Kewal Kiran Clothing Ltd Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	74.25%	74.25%	74.25%	74.25%	74.25%	74.25%	74.25%	74.26%	74.26%	74.26%	74.26%	74.26%
FIIs	9.46%	9.51%	1.33%	1.66%	1.87%	3.95%	3.48%	2.44%	2.62%	2.60%	2.53%	2.10%
DIIs	10.78%	9.76%	6.01%	6.01%	5.90%	5.60%	5.76%	5.95%	6.53%	7.99%	8.61%	8.85%
Public	5.51%	6.48%	18.40%	18.08%	17.98%	16.21%	16.51%	17.34%	16.58%	15.14%	14.59%	14.80%
No. of Shareholders	6,683	8,497	31,347	29,026	25,406	25,662	35,083	30,942	29,342	30,263	32,016	33,372

Kewal Kiran Clothing Ltd Shareholding Pattern Chart

No. of Kewal Kiran Clothing Ltd Shareholders

Kewal Kiran Clothing Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Emerging Equity Fund - Regular Plan	1,786,725	0.4	135.93	208,887	2024-07-24	755.35%
Kotak Small Cap Fund - Regular Plan	915,494	0.57	69.65	208,887	2024-07-24	338.27%
Aditya Birla Sun Life Dividend Yield Fund	435,131	3.28	33.1	208,887	2024-07-24	108.31%
WhiteOak Capital Flexi Cap Fund	208,887	0.67	15.89	208,887	2024-07-24	0%
Aditya Birla Sun Life Manufacturing Equity Fund	155,979	1.68	11.87	208,887	2024-07-24	-25.33%
Union Small Cap Fund	147,691	0.99	11.24	208,887	2024-07-24	-29.3%
WhiteOak Capital Mid Cap Fund	103,475	0.71	7.87	208,887	2024-07-24	-50.46%
Union Midcap Fund	92,019	0.84	7	208,887	2024-07-24	-55.95%
UTI India Consumer Fund	79,000	1.19	6.01	208,887	2024-07-24	-62.18%
Bank of India Multi Cap Fund	56,667	1.41	4.31	208,887	2024-07-24	-72.87%

Kewal Kiran Clothing Ltd ROCE Trend

Kewal Kiran Clothing Ltd EPS Trend

Kewal Kiran Clothing Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	25.00	19.31	13.25	16.07	59.25
Diluted EPS (Rs.)	25.00	19.31	13.25	16.07	59.25
Cash EPS (Rs.)	26.69	20.75	14.41	21.19	65.94
Book Value[Excl.RevalReserv]/Share (Rs.)	109.78	88.76	77.57	351.19	361.80
Book Value[Incl.RevalReserv]/Share (Rs.)	109.78	88.76	77.57	351.19	361.80
Revenue From Operations / Share (Rs.)	139.62	126.48	98.60	245.62	429.75
PBDIT / Share (Rs.)	34.72	27.93	18.99	28.97	91.39
PBIT / Share (Rs.)	33.04	26.52	17.85	23.54	84.70
PBT / Share (Rs.)	32.33	25.48	17.12	18.01	77.56
Net Profit / Share (Rs.)	25.01	19.34	13.27	15.76	59.26
NP After MI And SOA / Share (Rs.)	25.00	19.31	13.24	16.07	59.25
PBDIT Margin (%)	24.87	22.08	19.26	11.79	21.26
PBIT Margin (%)	23.66	20.96	18.10	9.58	19.71
PBT Margin (%)	23.15	20.14	17.36	7.33	18.04
Net Profit Margin (%)	17.91	15.28	13.46	6.41	13.79
NP After MI And SOA Margin (%)	17.90	15.26	13.43	6.54	13.78
Return on Networth / Equity (%)	22.77	21.75	17.07	4.57	16.37
Return on Capital Employeed (%)	29.29	29.18	22.80	6.60	22.89
Return On Assets (%)	18.38	14.57	10.98	3.40	11.47
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.01	0.01
Total Debt / Equity (X)	0.00	0.09	0.16	0.11	0.20
Asset Turnover Ratio (%)	1.04	0.99	0.91	0.49	0.82
Current Ratio (X)	4.79	2.56	2.37	3.28	2.69
Quick Ratio (X)	4.21	1.92	1.94	2.92	2.20
Inventory Turnover Ratio (X)	2.40	1.47	2.33	1.33	2.25
Dividend Payout Ratio (NP) (%)	0.00	41.42	45.29	186.72	64.13
Dividend Payout Ratio (CP) (%)	0.00	38.59	41.70	139.52	57.63
Earning Retention Ratio (%)	0.00	58.58	54.71	-86.72	35.87
Cash Earning Retention Ratio (%)	0.00	61.41	58.30	-39.52	42.37
Interest Coverage Ratio (X)	49.08	26.96	25.86	5.24	12.78
Interest Coverage Ratio (Post Tax) (X)	36.35	19.66	19.07	3.85	9.29
Enterprise Value (Cr.)	3912.66	2454.70	1110.61	954.23	789.00
EV / Net Operating Revenue (X)	4.55	3.15	1.83	3.15	1.49
EV / EBITDA (X)	18.28	14.26	9.49	26.72	7.00
MarketCap / Net Operating Revenue (X)	4.80	3.30	2.03	3.54	1.47
Retention Ratios (%)	0.00	58.57	54.70	-86.72	35.86
Price / BV (X)	6.10	4.71	2.58	2.48	1.74
Price / Net Operating Revenue (X)	4.80	3.30	2.03	3.54	1.47
EarningsYield	0.03	0.04	0.06	0.01	0.09

Kewal Kiran Clothing Ltd Profitability Ratios (%)

Kewal Kiran Clothing Ltd Liquidity Ratios

Kewal Kiran Clothing Ltd Liquidity Ratios (%)

Kewal Kiran Clothing Ltd Interest Coverage Ratios (%)

Kewal Kiran Clothing Ltd Valuation Ratios

Fair Value

Fair Value: 740.09

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 11.46% compared to the current price 664

Intrinsic Value: 852.85

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 28.44% compared to the current price 664

Last 5 Year EPS CAGR: 15.24%

*Investments are subject to market risks

Strength and Weakness of Kewal Kiran Clothing Ltd Stock

Strength	Weakness
The stock has a high average ROCE of 23.00%, which is a positive sign. The company has higher reserves (387.75 cr) compared to borrowings (46.42 cr), indicating strong financial stability. The company has shown consistent growth in sales (483.31 cr) and profit (104.85 cr) over the years.	The stock has a high average Working Capital Days of 80.58, which may not be favorable. The stock has a high average Cash Conversion Cycle of 184.17, which may not be favorable.

FAQ

What is the latest fair value of Kewal Kiran Clothing Ltd?

The latest fair value of Kewal Kiran Clothing Ltd is ₹740.09.

What is the Market Cap of Kewal Kiran Clothing Ltd?

The Market Cap of Kewal Kiran Clothing Ltd is 4,089 Cr..

What is the current Stock Price of Kewal Kiran Clothing Ltd as on 26 July 2024?

The current stock price of Kewal Kiran Clothing Ltd as on 26 July 2024 is 664.

What is the High / Low of Kewal Kiran Clothing Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kewal Kiran Clothing Ltd stocks is 827/620.

What is the Stock P/E of Kewal Kiran Clothing Ltd?

The Stock P/E of Kewal Kiran Clothing Ltd is 26.5.

What is the Book Value of Kewal Kiran Clothing Ltd?

The Book Value of Kewal Kiran Clothing Ltd is 110.

What is the Dividend Yield of Kewal Kiran Clothing Ltd?

The Dividend Yield of Kewal Kiran Clothing Ltd is 0.75 %.

What is the ROCE of Kewal Kiran Clothing Ltd?

The ROCE of Kewal Kiran Clothing Ltd is 31.2 %.

What is the ROE of Kewal Kiran Clothing Ltd?

The ROE of Kewal Kiran Clothing Ltd is 25.2 %.

What is the Face Value of Kewal Kiran Clothing Ltd?

The Face Value of Kewal Kiran Clothing Ltd is 10.0.