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Kitex Garments Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹6.03Overvalued by 95.25%vs CMP ₹127.00

P/E (15.0) × ROE (1.0%) × BV (₹51.60) × DY (0.39%)

Defaults: P/E=15

₹38.34Overvalued by 69.81%vs CMP ₹127.00
MoS: -231.2% (Negative)Confidence: 63/100 (Moderate)Models: All 7: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4.8726%Over (-96.2%)
Graham NumberEarnings₹49.9623%Over (-60.7%)
Net Asset ValueAssets₹51.5610%Over (-59.4%)
EV/EBITDAEnterprise₹26.8813%Over (-78.8%)
Earnings YieldEarnings₹21.5010%Over (-83.1%)
ROCE CapitalReturns₹105.6310%Over (-16.8%)
Revenue MultipleRevenue₹49.218%Over (-61.3%)
Consensus (7 models)₹38.34100%Overvalued
Key Drivers: EPS CAGR -19.3% drags value — could be higher if earnings stabilize. | ROE 1.0% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -19.3% · Defaults: P/E=15

*Investments are subject to market risks

Analyst Summary

Kitex Garments Ltd operates in the Textiles - Readymade Apparels segment, current market price is ₹127.00, market cap is 2,537 Cr.. At a glance, ROE is 0.97 %, ROCE is 1.53 %, book value is 51.6, dividend yield is 0.39 %. The latest intrinsic value estimate is ₹38.34, around 69.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹983 Cr versus the prior period change of 59.3%, while latest net profit is about ₹136 Cr with a prior-period change of 142.9%. The 52-week range shown on this page is 233/123, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisKitex 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 L18101K…

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

Investment Snapshot

38
Kitex Garments Ltd scores 38/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 1.5% WeakROE 1.0% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.05% (6mo) Slight increasePromoter holding at 56.7% Stable
Earnings Quality40/100 · Moderate
OPM stable around 18% SteadyWorking capital: 137 days Capital intensive
Quarterly Momentum15/100 · Weak
Revenue (4Q): -6% YoY DecliningProfit (4Q): -78% YoY DecliningOPM: 5.0% (down 15.0% YoY) Margin pressure
Industry Rank25/100 · Weak
ROCE 1.5% vs industry 11.2% Below peersROE 1.0% vs industry 16.4% Below peers3Y sales CAGR: 8% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 7:12 am

Market Cap 2,537 Cr.
Current Price 127
Intrinsic Value₹38.34
High / Low 233/123
Stock P/E
Book Value 51.6
Dividend Yield0.39 %
ROCE1.53 %
ROE0.97 %
Face Value 1.00
PEG Ratio0.00

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

View Share Price Target for Kitex Garments Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Kitex Garments Ltd 2,537 Cr. 127 233/123 51.60.39 %1.53 %0.97 % 1.00
SP Apparels Ltd (SPAL) 2,366 Cr. 941 1,222/58522.5 3760.32 %14.0 %11.2 % 10.0
Lux Industries Ltd 3,646 Cr. 1,212 1,838/80534.3 6100.16 %8.11 %6.08 % 2.00
Monte Carlo Fashions Ltd 1,140 Cr. 550 865/46410.9 4373.64 %13.9 %12.8 % 10.0
Iris Clothings Ltd 1,096 Cr. 57.6 60.2/26.462.4 7.450.00 %16.0 %14.4 % 2.00
Industry Average4,516.80 Cr1,332.5367.39148.130.24%11.23%16.43%7.21

All Competitor Stocks of Kitex Garments Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 6898146134164173190216276300197122182
Expenses 70104132115132139150161222249162138174
Operating Profit -2-6141933354055545134-168
OPM % -2%-7%10%14%20%20%21%25%20%17%17%-13%5%
Other Income 317262333851305
Interest 20122323454813
Depreciation 55555554433813
Profit before tax -55101928303650554828-2-12
Tax % -19%45%24%29%47%34%27%27%27%33%32%171%37%
Net Profit -4381315202737413219-6-17
EPS in Rs -0.200.170.390.670.761.011.371.872.061.661.04-0.08-0.47

Last Updated: March 4, 2026, 3:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 6:46 pm

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 511546546557607739455788557617983801
Expenses 340357376423468607355618496516782723
Operating Profit 1711891701341391321001716110120178
OPM % 34%35%31%24%23%18%22%22%11%16%20%10%
Other Income 132032223942744141940
Interest 2116964734471429
Depreciation 212122232726232121211628
Profit before tax 14217114210713013879173798719061
Tax % 30%34%35%35%37%25%31%28%28%36%28%
Net Profit 9911083647110354125575613628
EPS in Rs 4.945.504.183.193.585.182.726.272.882.826.952.15
Dividend Payout % 6%6%9%16%14%10%18%8%17%18%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)11.11%-24.55%-22.89%10.94%45.07%-47.57%131.48%-54.40%-1.75%142.86%
Change in YoY Net Profit Growth (%)0.00%-35.66%1.65%33.83%34.13%-92.64%179.05%-185.88%52.65%144.61%

Kitex Garments Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:6%
3 Years:8%
TTM:50%
Compounded Profit Growth
10 Years:3%
5 Years:6%
3 Years:4%
TTM:74%
Stock Price CAGR
10 Years:1%
5 Years:39%
3 Years:33%
1 Year:27%
Return on Equity
10 Years:13%
5 Years:11%
3 Years:9%
Last Year:14%

Last Updated: September 5, 2025, 9:10 am

Balance Sheet

Last Updated: July 6, 2026, 3:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 55577777772020
Reserves 2593604404925576356898068528981,0131,010
Borrowings 161110889096073256811,0821,199
Other Liabilities 110101102931049892108251339471813
Total Liabilities 5355765556007588357879941,1341,9252,5873,042
Fixed Assets 1881731731722142342272432642442321,142
CWIP 011634402120122928861,391946
Investments 021900000000
Other Assets 347400366385503581540739578795964954
Total Assets 5355765556007588357879941,1341,9252,5873,042

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 1281354529951116-10295-3854346
Cash from Investing Activity + -30-10-41-51-79-26-8-46-415-607-455-341
Cash from Financing Activity + 2-78-120-1572-25-99605765039064
Net Cash Flow 10147-116-3810104-624-1068
Free Cash Flow 9812917-9-6822107-37-121-655-45118
CFO/OP 75%99%61%55%33%78%136%23%533%-13%52%1,325%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow10.0079.00162.00126.0049.0036.00100.0098.0036.00-580.00200.00

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 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 4564888199124142145133152126
Inventory Days 202276148191148252154161235165
Days Payable 3472857262547761587967
Cash Conversion Cycle 301579157228218317238237308224
Working Capital Days -58-2499138136137242177176207137
ROCE %42%33%24%23%21%11%22%9%7%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%56.66%
FIIs 0.66%0.84%0.97%0.82%0.74%1.10%0.90%0.93%1.16%0.90%0.88%1.21%
DIIs 0.00%0.00%0.00%0.00%0.00%0.40%0.87%0.90%0.34%0.16%0.13%0.12%
Public 42.68%42.50%42.38%42.52%42.61%41.85%41.58%41.51%41.84%42.28%42.33%42.01%
No. of Shareholders 54,75252,65754,36153,48755,86368,46579,05784,15998,21497,4071,00,55599,677

Shareholding Pattern Chart

No. of Shareholders

Kitex Garments Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 6.958.478.5618.828.16
Diluted EPS (Rs.) 6.958.478.5618.828.16
Cash EPS (Rs.) 7.5911.5111.7522.0411.64
Book Value[Excl.RevalReserv]/Share (Rs.) 51.78136.03146.88122.13104.63
Book Value[Incl.RevalReserv]/Share (Rs.) 51.78136.03146.88122.13104.63
Revenue From Operations / Share (Rs.) 49.2692.7783.76118.5568.48
PBDIT / Share (Rs.) 10.9917.2615.7829.7215.73
PBIT / Share (Rs.) 10.2014.1412.5926.5012.25
PBT / Share (Rs.) 9.5013.0411.9225.9511.87
Net Profit / Share (Rs.) 6.808.408.5618.828.16
NP After MI And SOA / Share (Rs.) 6.958.478.6518.828.16
PBDIT Margin (%) 22.3118.6018.8325.0722.96
PBIT Margin (%) 20.7115.2415.0322.3517.89
PBT Margin (%) 19.2814.0514.2221.8917.33
Net Profit Margin (%) 13.819.0410.2115.8711.91
NP After MI And SOA Margin (%) 14.119.1310.3315.8711.91
Return on Networth / Equity (%) 13.436.226.7015.407.80
Return on Capital Employeed (%) 8.855.338.0321.2011.36
Return On Assets (%) 5.362.925.0712.596.89
Long Term Debt / Equity (X) 0.890.660.000.000.00
Total Debt / Equity (X) 1.050.750.020.080.00
Asset Turnover Ratio (%) 0.430.400.520.860.54
Current Ratio (X) 2.533.595.054.187.42
Quick Ratio (X) 1.862.583.773.235.52
Inventory Turnover Ratio (X) 5.544.391.772.591.48
Dividend Payout Ratio (NP) (%) 7.1917.7017.330.000.00
Dividend Payout Ratio (CP) (%) 6.4512.9412.660.000.00
Earning Retention Ratio (%) 92.8182.3082.670.000.00
Cash Earning Retention Ratio (%) 93.5587.0687.340.000.00
Interest Coverage Ratio (X) 15.6515.6523.4754.6240.92
Interest Coverage Ratio (Post Tax) (X) 10.688.6113.7335.5822.23
Enterprise Value (Cr.) 4777.591953.80951.991597.38506.62
EV / Net Operating Revenue (X) 4.863.171.712.031.11
EV / EBITDA (X) 21.7917.029.078.084.84
MarketCap / Net Operating Revenue (X) 3.651.971.632.101.44
Retention Ratios (%) 92.8082.2982.660.000.00
Price / BV (X) 3.471.341.062.040.94
Price / Net Operating Revenue (X) 3.651.971.632.101.44
EarningsYield 0.030.040.060.070.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Kitex Garments Ltd and is it undervalued?

As of 09 September 2026, Kitex Garments Ltd's intrinsic value is ₹38.34, which is 69.81% lower than the current market price of ₹127.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.97 %), book value (₹51.6), dividend yield (0.39 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kitex Garments Ltd?

Kitex Garments Ltd is trading at ₹127.00 as of 09 September 2026, with a FY2026-2027 high of ₹233 and low of ₹123. The stock is currently near its 52-week low. Market cap stands at ₹2,537 Cr..

How does Kitex Garments Ltd's P/E ratio compare to its industry?

Kitex Garments Ltd has a P/E ratio of , which is below the industry average of 67.39. This is broadly in line with or below the industry average.

Is Kitex Garments Ltd financially healthy?

Key indicators for Kitex Garments Ltd: ROCE of 1.53 % is on the lower side compared to the industry average of 11.23%; ROE of 0.97 % is below ideal levels (industry average: 16.43%). Dividend yield is 0.39 %.

Is Kitex Garments Ltd profitable and how is the profit trend?

Kitex Garments Ltd reported a net profit of ₹136 Cr in Mar 2025 on revenue of ₹983 Cr. Compared to ₹125 Cr in Mar 2022, the net profit shows an improving trend.

Does Kitex Garments Ltd pay dividends?

Kitex Garments Ltd has a dividend yield of 0.39 % at the current price of ₹127.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 7:12 am
Author: Getaka|Social: XLinkedIn
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
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