āagman

Not investment advice. Data and computed figures, for information only.

Kitex Garments Ltd

NSE: KITEX
₹122.20
+₹6.01 (+5.17%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹2,294 Cr
CMP
₹122.20
52-wk High / Low
₹233 / 113
P/B
2.2
Book Value
₹51.6
Div Yield
0.43%
ROCE
2.0%
ROE
−3.2%
Face Value
₹1
D/E
1.16

Price−35.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹19
√(22.5 × EPS × book value per share)
ROIC
1.1%
vs 4.9% sector median
Cash flow to profit
−26.62
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−1,093
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
5.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.33DII −0.01
Latest quarter vs the previous one
Cash-accrual divergence
−12.8%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 0.5pp over the last year
Watch-outs
−Latest ROCE of 2% trails the sector median of 9%
−Borrowings are up 990% since FY2016 (110 to 1199)
−Price trades below its 200-day moving average (0.8x)
−Price is 47.5% below its 52-week high
−Annualised volatility of 50.7% is in the high band (≥45%)
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales146134164173190216276300197122182166158
Expenses132115132139150161222249162138174164148
Operating Profit141933354055545134−168210
OPM %9.6%14.2%20.1%20.2%21.1%25.5%19.6%17.0%17.3%−13.1%4.4%1.2%6.3%
Other Income262333851305348
Interest1223234548132114
Depreciation5555544338132018
Profit before tax101928303650554828−2−12−5−13
Net Profit81315202737413219−6−17−9−17
EPS (₹)0.390.670.761.011.371.872.061.661.04−0.08−0.47−0.20−0.45

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales511546546557607739455788557617983667629
Expenses340357376423468607355618496516781637624
Operating Profit17118917013413913210017161101202304
OPM %33.5%34.6%31.1%24.1%22.9%17.9%22.0%21.7%11.0%16.4%20.5%4.5%0.6%
Other Income13203222394274414197077
Interest211696473447154755
Depreciation21212223272623212121164559
Profit before tax1421711421071301387917379871908−33
Net Profit99110836471103541255756136−13−50
EPS (₹)4.945.504.183.193.585.182.726.272.882.826.950.30−1.20

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital55577777772020—
Reserves2593604404925576356898068528981,0131,010—
Borrowings161110889096073256811,0821,199—
Other Liabilities110101102931049892108251339471813—
Total Liabilities5355765556007588357879941,1341,9252,5873,042—
Fixed Assets1881731731722142342272432642442321,142—
CWIP011634402120122928861,391946—
Investments021900000000—
Other Assets347400366385503581540739578795964954—
Total Assets5355765556007588357879941,1341,9252,5873,042—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1281354529951116−10295−3854346
Cash from Investing Activity−30−10−41−51−79−26−8−46−415−607−455−334
Cash from Financing Activity2−78−120−1572−25−99605765039064
Net Cash Flow10147−116−3810104−624−1075

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—42.033.024.023.021.011.022.09.07.010.02.0
ROE %———————————−3.2
EPS (₹)4.945.504.183.193.585.182.726.272.882.826.950.30
Book Value (₹)———————————51.6
Face Value (₹)———————————1
P/E————————————
Div Yield %———————————0.43
NPM %18.919.415.111.411.313.211.815.39.58.913.6−1.8
OPM %34.035.031.024.023.018.022.022.011.016.021.04.5
D/E0.610.300.020.020.160.150.000.090.030.751.051.16
P/B———————————2.2

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+2.0%
5 years+8.0%
3 years+6.0%
TTM−36.0%
Compounded profit growth
TTM−121.0%
Stock price CAGR
10 years+1.0%
5 years+16.0%
3 years+19.0%
Last year−40.0%
Return on equity
10 years10.0%
5 years8.0%
3 years6.0%
Last year−3.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters54.24%54.24%54.80%55.27%55.57%55.57%56.66%56.66%56.66%56.66%56.66%56.66%
FIIs4.80%4.80%4.93%1.58%0.11%0.10%0.75%0.69%0.97%0.90%0.88%1.21%
DIIs0.35%0.35%0.05%0.11%0.11%0.00%0.00%0.00%0.00%0.87%0.13%0.12%
Government————————————
Public40.60%40.60%40.21%43.04%44.20%44.33%42.59%42.65%42.38%41.58%42.33%42.01%
No. of shareholders29,12229,12237,13435,98932,94736,83058,35257,23054,36179,0571,00,55599,677
Change since Jun 2023 (pp)
Promoters +2.42FIIs −3.59DIIs −0.23Public +1.41

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMAnnouncement Under Regulation 30 Of SEBI (LODR) Regulations, 2015Closure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Apr 2025PPTSep 2024PPTSep 2024PPTNov 2019PPTAug 2019PPT

Corporate actions

As of 18 Sep 2026
18 Sep 2026DIVIDENDDividend - Re 0.50 Per Share—
10 Sep 2025DIVIDENDDividend - Re 0.50 Per Share—
17 Jan 2025BONUSBonus 2:1—
20 Sep 2024DIVIDENDAnnual General Meeting/Dividend - Rs 1.50 Per Share—
22 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 1.50 Per Share—
19 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 1.50 Per Share—
30 Aug 2021DIVIDEND Annual General Meeting/Dividend - Rs 1.50 Per Share—
18 Feb 2020DIVIDEND Interim Dividend - Re 1.50 Per Share—
19 Aug 2019DIVIDEND Dividend - Rs 1.50 Per Share—
19 Jul 2018DIVIDEND Annual General Meeting/Dividend- Re 0.75 Per Share—
16 Nov 2017DIVIDEND Interim Dividend - Re 0.75 Per Share—
22 Jun 2017BONUS Bonus 2:5—
9 Jun 2017DIVIDEND Annual General Meeting/Dividend - Re 0.75 Per Share—
17 Nov 2016DIVIDEND Interim Dividend Re 0.75 Per Share—
2 Jun 2016DIVIDEND Annual General Meeting/ Dividend -Re 0.75/- Per Share—
29 Oct 2015DIVIDEND Interim Dividend - Re 0.75/- Per Share—
25 May 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 1.25/- Per Share—
7 May 2014DIVIDENDAnnual General Meeting/Dividend Re 1/- Per Share—
7 May 2013DIVIDENDAnnual General Meeting / Dividend Re.0.80 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman