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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kitex Garments Ltd

About the Company - Kitex Garments Ltd

Kitex Garments Ltd. is a Public Limited Listed company incorporated on 29/05/1992 and has its registered office in the State of Kerala, India. Company’s Corporate Identification Number(CIN) is L18101KL1992PLC006528 and registration number is 006528. Currently company belongs to the Industry of Textiles - Readymade Apparels. Company’s Total Operating Revenue is Rs. 788.33 Cr. and Equity Capital is Rs. 6.65 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsP. B. No. 5, Kochi Kerala 683562sect@kitexgarments.com
http://www.kitexgarments.com
Management
NamePosition Held
Mr. Sabu M JacobChairman & Managing Director
Mrs. Sindhu ChandrasekharExecutive Director
Mr. K L V NarayananNon Executive Director
Mr. Benni JosephIndependent Director
Mr. C P PhiliposeIndependent Director
Mrs. Sumi FrancisIndependent Director

Basic Stock Data of Kitex Garments Ltd

Last Updated: June 21, 2024, 10:46 pm

Market Cap 1,419 Cr.
Current Price 213
High / Low288/162
Stock P/E25.4
Book Value 136
Dividend Yield0.70 %
ROCE6.93 %
ROE6.33 %
Face Value 1.00
PEG Ratio-1.46

Kitex Garments Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1211121541782032542491426898146134164
Expenses939312614015419820811470104132115132
Operating Profit2818283849554227-2-6141933
OPM %23%16%18%21%24%22%17%19%-2%-7%10%14%20%
Other Income1253514159317262
Interest0100031120122
Depreciation5555555555555
Profit before tax2314283549605030-55101928
Tax %33%42%27%27%29%27%26%27%19%45%24%29%47%
Net Profit168212635443722-4381315
EPS in Rs2.341.243.083.875.226.655.513.26-0.610.511.182.002.27

Last Updated: June 7, 2024, 1:03 am

Kitex Garments Ltd Quarterly Chart

Kitex Garments Ltd Profit & Loss

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales511546546557607739455788557542
Expenses340357376423468607355618496482
Operating Profit1711891701341391321001716160
OPM %34%35%31%24%23%18%22%22%11%11%
Other Income13203222394274428
Interest211696473445
Depreciation21212223272623212121
Profit before tax142171142107130138791737962
Tax %30%34%35%35%37%25%31%28%28%
Net Profit99110836471103541255739
EPS in Rs14.8216.4912.559.5610.7415.548.1618.828.655.96
Dividend Payout %6%6%9%16%14%10%18%8%17%

Kitex Garments Ltd Profit & Loss Yearly Chart

Kitex Garments Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:0%
3 Years:11%
TTM:11%
Compounded Profit Growth
10 Years:%
5 Years:-5%
3 Years:1%
TTM:-2%
Stock Price CAGR
10 Years:2%
5 Years:16%
3 Years:21%
1 Year:24%
Return on Equity
10 Years:%
5 Years:11%
3 Years:10%
Last Year:6%

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

Kitex Garments Ltd Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5557777777
Reserves259360440492557635689806852863
Borrowings16111088909607325341
Other Liabilities110101102931049892108251284
Total Liabilities5355765556007588357879941,1341,495
Fixed Assets188173173172214234227243264254
CWIP01163440212012292494
Investments0219000000
Other Assets347400366385503581540739578747
Total Assets5355765556007588357879941,1341,495

Kitex Garments Ltd Reserves and Borrowings Chart

Kitex Garments Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1281354529951116-10295
Cash from Investing Activity -30-10-41-51-79-26-8-46-415
Cash from Financing Activity 2-78-120-1572-25-996057
Net Cash Flow10147-116-3810104-62

Kitex Garments Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days4564888199124142145133152
Inventory Days202276148191148252154161235
Days Payable34728572625477615879
Cash Conversion Cycle301579157228218317238237308
Working Capital Days243199138188184242211193253
ROCE %42%33%24%23%21%11%22%9%

Kitex Garments Ltd Financial Efficiency Indicators Chart

Kitex Garments Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters55.57%55.57%55.57%55.57%56.42%56.66%56.66%56.66%56.66%56.66%56.66%56.66%
FIIs0.10%0.10%0.00%0.03%0.37%0.75%1.02%0.74%0.71%0.69%0.68%0.66%
Public44.33%44.33%44.42%44.39%43.21%42.59%42.32%42.60%42.64%42.65%42.67%42.68%
No. of Shareholders36,58036,83036,63859,88451,99558,35259,54258,83957,82657,23056,30554,752

Kitex Garments Ltd Shareholding Pattern Chart

No. of Kitex Garments Ltd Shareholders

This stock is not held by any mutual fund

Kitex Garments Ltd ROCE Trend

Kitex Garments Ltd EPS Trend

Kitex Garments Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)8.478.5618.828.1615.54
Diluted EPS (Rs.)8.478.5618.828.1615.54
Cash EPS (Rs.)11.5111.7522.0411.6419.52
Book Value[Excl.RevalReserv]/Share (Rs.)155.21146.88122.13104.6396.45
Book Value[Incl.RevalReserv]/Share (Rs.)155.21146.88122.13104.6396.45
Revenue From Operations / Share (Rs.)92.7783.76118.5568.48111.16
PBDIT / Share (Rs.)17.2615.7829.7215.7325.77
PBIT / Share (Rs.)14.1412.5926.5012.2521.79
PBT / Share (Rs.)13.0411.9225.9511.8720.73
Net Profit / Share (Rs.)8.408.5618.828.1615.54
NP After MI And SOA / Share (Rs.)8.478.6518.828.1615.54
PBDIT Margin (%)18.6018.8325.0722.9623.17
PBIT Margin (%)15.2415.0322.3517.8919.60
PBT Margin (%)14.0514.2221.8917.3318.65
Net Profit Margin (%)9.0410.2115.8711.9113.98
NP After MI And SOA Margin (%)9.1310.3315.8711.9113.98
Return on Networth / Equity (%)6.226.7015.407.8016.11
Return on Capital Employeed (%)5.338.0321.2011.3621.81
Return On Assets (%)2.925.0712.596.8912.37
Long Term Debt / Equity (X)0.660.000.000.000.00
Total Debt / Equity (X)0.750.020.080.000.14
Asset Turnover Ratio (%)0.400.520.860.540.90
Current Ratio (X)3.595.054.187.423.25
Quick Ratio (X)2.583.773.235.522.49
Inventory Turnover Ratio (X)2.121.772.591.482.45
Dividend Payout Ratio (NP) (%)0.0017.330.000.0019.29
Dividend Payout Ratio (CP) (%)0.0012.660.000.0015.36
Earning Retention Ratio (%)0.0082.670.000.0080.71
Cash Earning Retention Ratio (%)0.0087.340.000.0084.64
Interest Coverage Ratio (X)15.6523.4754.6240.9224.39
Interest Coverage Ratio (Post Tax) (X)8.6113.7335.5822.2315.71
Enterprise Value (Cr.)1953.80951.991597.38506.62562.40
EV / Net Operating Revenue (X)3.171.712.031.110.76
EV / EBITDA (X)17.029.078.084.843.28
MarketCap / Net Operating Revenue (X)1.971.632.101.440.77
Retention Ratios (%)0.0082.660.000.0080.70
Price / BV (X)1.341.062.040.940.89
Price / Net Operating Revenue (X)1.971.632.101.440.77
EarningsYield0.040.060.070.080.18

Kitex Garments Ltd Profitability Ratios (%)

Kitex Garments Ltd Liquidity Ratios

Kitex Garments Ltd Liquidity Ratios (%)

Kitex Garments Ltd Interest Coverage Ratios (%)

Kitex Garments Ltd Valuation Ratios

Fair Value

Fair Value: 220.19

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: 3.38% compared to the current price 213

Intrinsic Value: 181.79

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.

Overvalued: 14.65% compared to the current price ₹213

Last 5 Year EPS CAGR: -17.44%

*Investments are subject to market risks

Strength and Weakness of Kitex Garments Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.50%, which is a positive sign.
  2. The company has higher reserves (595.30 cr) compared to borrowings (91.20 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (584.80 cr) and profit (122.30 cr) over the years.
  1. The stock has a high average Working Capital Days of 156.30, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 182.70, which may not be favorable.

FAQ

What is the latest fair value of Kitex Garments Ltd?

The latest fair value of Kitex Garments Ltd is ₹220.19.

What is the Market Cap of Kitex Garments Ltd?

The Market Cap of Kitex Garments Ltd is 1,419 Cr..

What is the current Stock Price of Kitex Garments Ltd as on 23 June 2024?

The current stock price of Kitex Garments Ltd as on 23 June 2024 is ₹213.

What is the High / Low of Kitex Garments Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kitex Garments Ltd stocks is 288/162.

What is the Stock P/E of Kitex Garments Ltd?

The Stock P/E of Kitex Garments Ltd is 25.4.

What is the Book Value of Kitex Garments Ltd?

The Book Value of Kitex Garments Ltd is 136.

What is the Dividend Yield of Kitex Garments Ltd?

The Dividend Yield of Kitex Garments Ltd is 0.70 %.

What is the ROCE of Kitex Garments Ltd?

The ROCE of Kitex Garments Ltd is 6.93 %.

What is the ROE of Kitex Garments Ltd?

The ROE of Kitex Garments Ltd is 6.33 %.

What is the Face Value of Kitex Garments Ltd?

The Face Value of Kitex Garments Ltd is 1.00.

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 Kitex Garments 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