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Kewal Kiran Clothing Ltd share Price

Company details

6M Return -3.41%
1Y Return 96.78%
Mkt Cap.(Cr) 2,994.05
Volume 78,884
Div Yield 1.03%
OI Chg %
Volume 78,884

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About The Stock

    KKCL is a branded apparel player with a strong bouquet of brands (owned brands ‘Killer’, ‘Lawman Pg 3’, ‘Integriti’ and ‘Easies‘) across various price points. The company’s product portfolio is primarily focused on men’s casual wear and the company has also entered the women’s and kids wear. On the financial front, KKCL has exhibited consistent double digit margins with a healthy balance sheet and strong return ratios though revenue growth has been constrained owing to the company’s policy of not resorting to excessive discounting like many of its peers.

    • KKCL has exhibited a strong margin profile over the last decade with average margin in excess of 20%, better than most of its peers in the branded apparel space

Q3FY23 Results:

    Kewal Kiran Clothing (KKCL) reported healthy revenue performance and registered its highest ever quarterly revenues in Q3.

    • Standalone revenue for Q3FY23 increased 16% YoY to ₹ 199 crore (QoQ decline of 12%).Gross margin improved 100 bps YoY to 40.6% but still continued to be lower than pre-Covid average of ~ 48%
    • EBITDA margin improved 76 bps YoY to 16.9% (Q3FY22: 16.1%, Q2FY23: 22.1%). EBITDA was at ₹ 33.6 crore vs. ₹ 27.5 crore in Q3FY22 (Q2FY23:₹ 39 crore)
    • Consequently, PAT was at ₹ 27 crore vs. ₹ 21.3 crore in Q3FY22 (Q2FY23:₹ 39 crore)

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Kewal Kiran Clothing Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Kewal Kiran Clothing Ltd.

Apparels & Accessories company Kewal Kiran Clothing announced Q4FY23 & FY23 results:

  • Standalone Q4FY23:
    • Revenue from Operations for Q4FY23 grew by 17.6% to Rs 199.5 crore as compared to Rs 169.6 crore in Q4FY22
    • EBIDTA for Q4FY23 grew by 21.3% to Rs 39.0 crore as compared to Rs 32.2 crore in Q4FY22. EBIDTA margin for Q4FY23 stood at 19.6% as compared to 19.0% in Q4FY22
    • PBT for Q4FY23 grew by 29.2% to Rs 42.4 crore as compared to Rs 32.8 crore in Q4FY22. PBT margin for Q4FY23 stood at 20.5% as compared to 19.0% in FY22
    • PAT for Q4FY23 grew by 27.4% to Rs 31.6 crore as compared to Rs 24.8 crore in Q4FY22. PAT margin for Q4FY23 stood at 15.3% as compared to 14.3% in Q4FY22.
  • Standalone FY23:
    • Revenue from Operations for FY23 grew by 28.3% to Rs 779.5 crore as compared to Rs 607.6 crore in FY22
    • EBIDTA for FY23 grew by 51.9% to Rs 151.9 crore as compared to Rs 100.0 crore in FY22. EBIDTA margin for FY23 stood at 19.5% as compared to 16.5% in FY22
    • PBT for FY23 grew by 49.1% to Rs 157.1 crore as compared to Rs 105.3 crore in FY22. PBT margin for FY23 stood at 19.6% as compared to 16.9% in FY22.
    • PAT for FY23 grew by 46.1% to Rs 119.3 crore as compared to Rs 81.7 crore in FY22. PAT margin for FY23 stood at 14.9% as compared to 13.1% in FY22

Commenting on the results and performance, Kewalchand P. Jain, Chairman & Managing Director said : “I am happy to inform you that during FY 2023, we have registered a robust growth both in terms of volumes and overall revenue backed with healthy margins. The consistent growth in our performance reflects the power of the Company’s brands to connect with consumers in providing an unparalleled fashion experience and have evolved from being Denim focused to Lifestyle Brands.

Our intensified focus on balanced distribution strategy and increasing presence through Brand Focussed EBOs along with our drive for expansion of Product Categories and aggressive branding initiatives are the key contributors for this amazing performance.

We have seen good traction in our recent Trade Show of Autumn & Winter Season 23-24 and are very excited with the type of response we are getting across product categories. We believe, with our product design and new categories which we have already launched as well as which are been under designing, we will be able to continue to grow.

India is expected to continue to move along a strong growth trajectory in the apparel and retail sector, given the underlying growth drivers. Our Company caters to the continuously evolving demands of the youth of today through its plethora of apparel and accessories. KKCL, with its financial strengths, strong Brands coupled with inherent manufacturing expertise & technical capabilities, widespread distribution is committed to its long-term vision of pursuing sustainable and profitable double-digit sales growth.”



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Investment recommendation

Call Date
24 Jan 2023
Entry Price 475.00
Target Price 590.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Kewal Kiran Clothing Ltd Stocks COMPARISION


Equity Capital: 478.05 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 3,296.96 39,477.59
LAST 3M 15,440.75 59,034.02
LAST 6M 64,524.17 39,054.82
LAST 12M 119,831.70 83,752.26

Kewal Kiran Clothing Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Kewal Kiran Clothing Ltd is one of the few large branded apparel manufacturers in India. The company is engaged in manufacturing and marketing of apparels and lifestyle accessories. The company designs, manufactures and markets branded jeans, semi-formal and casual wear for men and women. Their brands include Killer, Lawman Pg3, Easies, K-Lounge and Integriti. Their manufacturing operations are based at Mumbai (stitching), Vapi (processing) and Daman (stitching & finishing). Kewal Kiran Clothing Ltd was incorporated on January 30, 1992 as a private limited company with the name Kewal Kiran Apparels Pvt Ltd. A group company, namely Kewal Kiran Clothing Pvt Ltd was amalgamated with the company with effect from December 1, 2002. In October 17, 2003, the company changed their name to Kewal Kiran Clothing Pvt Ltd. In November 2, 2005, the company was converted into a public limited company and the name was changed to Kewal Kiran Clothing Ltd. During the year 2005-06, the company transferred their shareholding in the erstwhile subsidiaries namely Kornerstone Retail Ltd and Kewal Kiran Retail Pvt Ltd to the promoters and promoter group entities at the cost price of Rs 22.8 million and Rs 2 million respectively. The company entered the capital market with an issue of 3,100,037 equity shares of Rs 10 each through 100% Book Building Route. The issue was oversubscribed by around 12.56 times. The shares were allotted on April 5, 2006. The shares of the company got listed on Bombay Stock Exchange Ltd (BSE) and National Stock Exchange of India Ltd (NSE) on April 13, 2006. During the year 2006-07, the company opened 26 branded K-LOUNGE stores. They expanded the product line in `Pg3 Lawman` and `Integriti` brands, by launching an exclusive knitwear collection. They also introduced fashion accessories like eye wear and casual shoes. They company launched women`s wear range under `Killer` brand in the Summer 2007 collection. During the year, the company acquired about 53,000 sq ft land and about 40,000 sq ft building at Daman. They received the `SMB Industry 2.0 Award` for achieving highest rating in the ranking of India`s Top 500 Manufacturing small and mid sized Company rating. During the year 2007-08, the company opened 34 K-Lounge stores, 7 Killer EBO, 7 Integriti EBO and 3 Factory Outlets. They acquired land admeasuring 3610 sq mtrs adjacent to the current processing facility at Vapi. The company launched Exclusive Brand Outlets (EBO) for their brands Killer and Integriti. They launched Killer women wear across all channels in India. Also, they launched men`s formal wear and women wear under Integriti brand in select Integriti and K-Lounge stores across India. During the year 2008-09, the company opened 11 K-Lounge stores, 6 Killer Exclusive Brand Outlets (EBO), 7 Integriti EBO, 3 Lawman EBO, and 8 Factory Outlets. They completed the construction of the new factory building at Daman. They produced one 0.6 MW capacity, Wind Turbine Generator (WTG) from Suzlon Energy Ltd. The said WTG is connected by 33KV grid line to 33/66 KV, 25MVA capacity Suthri site sub-station at Kuchhadi. The Kuchhadi site sub-station is connected to Gujarat Energy Transmission Corporation Ltd (GETCO) Bokhira sub-station. During the year 2009-10, the company launched a retail format `Addiction` for their lifestyle accessories business. The company opened 36 stores including 17 K-Lounge stores, 8 Killer Exclusive Brand Outlets (EBO), 7 Integriti EBO, 3 Lawman Pg 3 EBO and 1 Factory Outlet. They closed/relocated 20 stores during the year. As on March 31, 2010, the company had 139 operational retail stores across the country. The company intends to increase their retail presence through more retail outlets under the franchisee operation model. The focus would be on expanding reach into Tier II and Tier III cities where the products are already available through other formats and there is familiarity with the company`s brands.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532732
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE401H01017

FAQ’s on Kewal Kiran Clothing Ltd Shares

You can buy Kewal Kiran Clothing Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kewal Kiran Clothing Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 02, 2023 03:45 PM the closing price of Kewal Kiran Clothing Ltd was ₹ 485.85.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jun 02, 2023 03:45 PM, the market cap of Kewal Kiran Clothing Ltd stood at ₹ 2,994.05.

The latest PE ratio of Kewal Kiran Clothing Ltd as of Jun 02, 2023 03:45 PM is 25.11

The latest PB ratio of Kewal Kiran Clothing Ltd as of Jun 02, 2023 03:45 PM is 0.17

The 52-week high of Kewal Kiran Clothing Ltd is ₹ 592.00 while the 52-week low is ₹ 222.80

According to analyst recommendations, Kewal Kiran Clothing Ltd has a “Buy” rating for the long term.

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