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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

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.
INDUSTRYADDRESSCONTACT
Retail - Apparel/Accessories460/7, Kewal Kiran Estate, I. B. Patel Road, Mumbai Maharashtra 400063grievanceredressal@kewalkiran.com
http://www.kewalkiran.com
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
Ms. Drushti R DesaiIndependent Director
Dr. Prakash A ModyIndependent Director
Mr. Nimish G PandyaIndependent Director
Mr. Yogesh A TharIndependent Director

Basic Stock Data of Kewal Kiran Clothing Ltd

Last Updated: June 20, 2024, 10:40 pm

Market Cap 4,341 Cr.
Current Price 704
High / Low827/510
Stock P/E28.1
Book Value 110
Dividend Yield0.71 %
ROCE31.2 %
ROE25.2 %
Face Value 10.0
PEG Ratio1.84

Kewal Kiran Clothing Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales11811192175171170155226199199178262200
Expenses10510184143144137125176166160144201161
Operating Profit1310832283229503439346239
OPM %11%9%9%18%16%19%19%22%17%20%19%24%19%
Other Income43464406781189
Interest1111111122211
Depreciation2222222222233
Profit before tax1510935293326523642416644
Tax %27%19%2%23%25%24%18%25%25%26%18%25%25%
Net Profit118927212522392732345033
EPS in Rs1.761.341.394.393.464.023.506.354.385.135.498.085.40

Last Updated: June 7, 2024, 9:01 am

Kewal Kiran Clothing Ltd Quarterly Chart

Kewal Kiran Clothing Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales294294363398444466460503530303608779841
Expenses221220270301340368362391435284508628667
Operating Profit7374939710499981129519100152174
OPM %25%25%26%24%23%21%21%22%18%6%16%19%21%
Other Income121212871721221817172036
Interest3333335797566
Depreciation66544568877910
Profit before tax767797981041081091199622105157195
Tax %32%31%31%32%34%31%33%33%24%13%22%24%
Net Profit5253676668757380731982119149
EPS in Rs8.468.6710.8810.7511.0312.1111.8913.0411.863.1513.2519.3624.10
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:8%
5 Years:25%
3 Years:59%
1 Year:34%
Return on Equity
10 Years:19%
5 Years:18%
3 Years:22%
Last Year:25%

Last Updated: June 15, 2024, 4:34 pm

Kewal Kiran Clothing Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212121212121212626262
Reserves213242278307286362387418434421417486556
Borrowings15141211294148939150826665
Other Liabilities45566879969810912299100183204199
Total Liabilities285324371410424513557646637582743817882
Fixed Assets4344435460657082838286101105
CWIP1104379231112
Investments32122167178161205230236195131146158178
Other Assets209159161174200236248325356368510557598
Total Assets285324371410424513557646637582743817882

Kewal Kiran Clothing Ltd Reserves and Borrowings Chart

Kewal Kiran Clothing Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 37664275478056-051975775
Cash from Investing Activity -14-79-37-2410-9-1434662-7-10
Cash from Financing Activity -26-28-31-42-79-27-46-11-70-85-32-55
Net Cash Flow-3-41-279-2243-4-826741710

Kewal Kiran Clothing Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days5964719083961291181581038086
Inventory Days11513812315612814626226716837649370
Days Payable7878931319912014114812217814337
Cash Conversion Cycle97123101114112121250237205301430119
Working Capital Days4356487451621111221167273139
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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters74.25%74.25%74.25%74.25%74.25%74.25%74.25%74.26%74.26%74.26%74.26%74.26%
FIIs9.46%9.51%1.33%1.66%1.87%3.95%3.48%2.44%2.62%2.60%2.53%2.10%
DIIs10.78%9.76%6.01%6.01%5.90%5.60%5.76%5.95%6.53%7.99%8.61%8.85%
Public5.51%6.48%18.40%18.08%17.98%16.21%16.51%17.34%16.58%15.14%14.59%14.80%
No. of Shareholders6,6838,49731,34729,02625,40625,66235,08330,94229,34230,26332,01633,372

Kewal Kiran Clothing Ltd Shareholding Pattern Chart

No. of Kewal Kiran Clothing Ltd Shareholders

Kewal Kiran Clothing Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Emerging Equity Fund - Regular Plan1,786,7250.4135.9392,0192024-06-191841.69%
Kotak Small Cap Fund - Regular Plan915,4940.5769.6592,0192024-06-19894.9%
Aditya Birla Sun Life Dividend Yield Fund435,1313.2833.192,0192024-06-19372.87%
WhiteOak Capital Flexi Cap Fund208,8870.6715.8992,0192024-06-19127%
Aditya Birla Sun Life Manufacturing Equity Fund155,9791.6811.8792,0192024-06-1969.51%
Union Small Cap Fund147,6910.9911.2492,0192024-06-1960.5%
WhiteOak Capital Mid Cap Fund103,4750.717.8792,0192024-06-1912.45%
Union Midcap Fund92,0190.84792,0192024-06-190%
UTI India Consumer Fund79,0001.196.0192,0192024-06-19-14.15%
Bank of India Multi Cap Fund56,6671.414.3192,0192024-06-19-38.42%

Kewal Kiran Clothing Ltd ROCE Trend

Kewal Kiran Clothing Ltd EPS Trend

Kewal Kiran Clothing Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)25.0019.3113.2516.0759.25
Diluted EPS (Rs.)25.0019.3113.2516.0759.25
Cash EPS (Rs.)26.6920.7514.4121.1965.94
Book Value[Excl.RevalReserv]/Share (Rs.)109.7888.7677.57351.19361.80
Book Value[Incl.RevalReserv]/Share (Rs.)109.7888.7677.57351.19361.80
Revenue From Operations / Share (Rs.)139.62126.4898.60245.62429.75
PBDIT / Share (Rs.)34.7227.9318.9928.9791.39
PBIT / Share (Rs.)33.0426.5217.8523.5484.70
PBT / Share (Rs.)32.3325.4817.1218.0177.56
Net Profit / Share (Rs.)25.0119.3413.2715.7659.26
NP After MI And SOA / Share (Rs.)25.0019.3113.2416.0759.25
PBDIT Margin (%)24.8722.0819.2611.7921.26
PBIT Margin (%)23.6620.9618.109.5819.71
PBT Margin (%)23.1520.1417.367.3318.04
Net Profit Margin (%)17.9115.2813.466.4113.79
NP After MI And SOA Margin (%)17.9015.2613.436.5413.78
Return on Networth / Equity (%)22.7721.7517.074.5716.37
Return on Capital Employeed (%)29.2929.1822.806.6022.89
Return On Assets (%)18.3814.5710.983.4011.47
Long Term Debt / Equity (X)0.000.000.000.010.01
Total Debt / Equity (X)0.000.090.160.110.20
Asset Turnover Ratio (%)1.040.990.910.490.82
Current Ratio (X)4.792.562.373.282.69
Quick Ratio (X)4.211.921.942.922.20
Inventory Turnover Ratio (X)2.401.472.331.332.25
Dividend Payout Ratio (NP) (%)0.0041.4245.29186.7264.13
Dividend Payout Ratio (CP) (%)0.0038.5941.70139.5257.63
Earning Retention Ratio (%)0.0058.5854.71-86.7235.87
Cash Earning Retention Ratio (%)0.0061.4158.30-39.5242.37
Interest Coverage Ratio (X)49.0826.9625.865.2412.78
Interest Coverage Ratio (Post Tax) (X)36.3519.6619.073.859.29
Enterprise Value (Cr.)3912.662454.701110.61954.23789.00
EV / Net Operating Revenue (X)4.553.151.833.151.49
EV / EBITDA (X)18.2814.269.4926.727.00
MarketCap / Net Operating Revenue (X)4.803.302.033.541.47
Retention Ratios (%)0.0058.5754.70-86.7235.86
Price / BV (X)6.104.712.582.481.74
Price / Net Operating Revenue (X)4.803.302.033.541.47
EarningsYield0.030.040.060.010.09

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: 784.46

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: 11.43% compared to the current price 704

Intrinsic Value: 903.98

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: 28.41% compared to the current price ₹704

Last 5 Year EPS CAGR: 15.24%

*Investments are subject to market risks

Strength and Weakness of Kewal Kiran Clothing Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 23.00%, which is a positive sign.
  2. The company has higher reserves (369.77 cr) compared to borrowings (47.46 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (483.31 cr) and profit (104.85 cr) over the years.
  1. The stock has a high average Working Capital Days of 80.58, which may not be favorable.
  2. 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 ₹784.46.

What is the Market Cap of Kewal Kiran Clothing Ltd?

The Market Cap of Kewal Kiran Clothing Ltd is 4,341 Cr..

What is the current Stock Price of Kewal Kiran Clothing Ltd as on 21 June 2024?

The current stock price of Kewal Kiran Clothing Ltd as on 21 June 2024 is ₹704.

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 827/510.

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

The Stock P/E of Kewal Kiran Clothing Ltd is 28.1.

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 0.71 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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