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Kewal Kiran Clothing Ltd share Price Today

Company details

675.00
683.45
480.45
827.45
6M Return -14.38%
1Y Return 35.01%
Mkt Cap.(Cr) 4,173.25
Volume 87,093
Div Yield 0.73%
OI
-
OI Chg %
-
Volume 87,093

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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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Textiles & Apparels company Kewal Kiran Clothing announced Q2FY24 results:

1. Financial Performance:
- Revenue from Operations for Q2 FY24 grew by 16.0% to Rs 262.5 crores as compared to Rs 226.3 crores in Q2 FY23.
-Gross Profit grew to Rs 111.9 crores in Q2 FY24 as compared to Rs 93.7 crores in Q2 FY23. Gross margin for Q2FY24 increased to 42.7% as compared to 41.4% in Q2 FY23.
-EBIDTA for Q2 FY24 grew by 23.4% to Rs 61.7 crores as compared to Rs 50.0 crores in Q2FY23. EBIDTA margin for Q2FY24 stood at 23.5% as compared to 22.1% in Q2FY23.
-PBT for Q2FY24 grew by 26.8% to Rs 66.2 crores as compared to Rs 52.3 crores in Q2 FY23. PBT margin for Q2FY24 stood at 24.5% as compared to 22.5% in Q2FY23.
-PAT for Q2FY24 grew by 27.2% to Rs 49.8 crores as compared to Rs 39.1 crores in Q2FY23. PAT margin for Q2FY24 expanded to 18.4% as compared to 16.8% in Q2FY23.

2. Brand Portfolio:
- Killer: Premium luxury brand
- Lawman Pg3: Premium mid-market segment brand
- Easies: Targeted premium mass market brand
- Integriti: Fashion/party wear brand focused on mid-market segment
- K-Lounge: Focused women's wear brand
- Desi Belle: Focused kids wear brand

3. Distribution:
- Extensive distribution network including EBOs, MBOs, LFS, and e-commerce platforms
- Increased support to channel partners with promotions and shop-in-shop arrangements
- Plan for bi-annual trade shows for better supply chain planning

4. Manufacturing Capabilities:
- In-house manufacturing capabilities with advanced machinery
- Environmentally friendly practices, including the use of sustainable chemicals and water-saving measures
- State-of-the-art washing facility for denim production

 

 

Result PDF

View Other Company Results

Kewal Kiran Clothing Ltd shares SWOT Analysis

Strengths (8)

  • Company with high TTM EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 682.1
R2 687.0
R3 690.6
Pivot

678.55

S1 673.7
S2 670.1
S3 665.2
EMA SMA
673.3
690.8
706.3
690.3
669.0
689.0
720.3
730.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-10-25 791.11 334068 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2023-10-25 793.23 334068 NSE
M/S. PRARTHANA ENTERPRISES Bulk Purchase 2021-10-14 1022.33 3071 NSE
Name Category Shares
SHANTABEN PUKHRAJ JAIN PROMOTER 49.92%
DINESH PUKHRAJ JAIN PROMOTER 5.92%
VIKAS PUKHRAJ JAIN PROMOTER 5.86%
HEMANT PUKHRAJ JAIN PROMOTER 5.61%
KEWALCHAND PUKHRAJ JAIN PROMOTER 5.6%

OUR RESEARCH VIEW

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

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Kewal Kiran Clothing Ltd Stocks COMPARISON

Financials( in Cr) Kewal Kiran Clothing Ltd Page Industries Ltd K P R Mill Ltd Gokaldas Exports Ltd Dollar Industries Ltd
Price 677.20 36,356.45 784.50 818.35 553.90
% Change -0.80 -0.69 -2.34 -3.04 -1.73
Mcap Cr 4,173.25 40,551.98 26,815.31 5,820.51 3,141.50
Revenue TTM Cr 779.45 4,788.64 6,208.06 2,222.20 1,393.83
Net Profit TTM Cr 119.02 571.25 814.10 172.97 52.45
PE TTM 28.15 71.18 33.26 44.54 34.86
1 Year Return 35.01 -4.06 35.93 103.01 54.03
ROCE 27.84 53.56 26.10 21.20 9.10
ROE 23.22 46.45 22.66 19.58 7.61
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 547.01 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,096.78 -22,281.88
LAST 3M 109,317.46 -33,313.91
LAST 6M 173,877.04 36,325.60
LAST 12M 271,641.54 124,224.97
NSE Board Meetings Forthcomming

May 30, 2024 l NSE Board Meetings Forthcomming

Kewal Kiran Clothing revises board meeting date

May 28, 2024 l BSE Announcement

Kewal Kiran Clothing Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 28, 2024 l NSE Announcement

Date Action Type Ratio
Feb 02, 2024 Dividend 20
May 11, 2023 Dividend 20
Nov 04, 2022 Dividend 30

Kewal Kiran Clothing Ltd Information

Stock PE (TTM)
28.15
Promoter Holding
74.26%
Book Value
100.1725
ROCE
27.84%
ROE
23.22%
Description
  • Kewal Kiran Clothing Ltd was incorporated on January 30, 1992 as a private limited company with the name Kewal Kiran Apparels Pvt Ltd. In October, 2003, the company changed their name to Kewal Kiran Clothing Pvt Ltd. In November, 2005, the company converted into a public limited company and the name was changed to Kewal Kiran Clothing Ltd. 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). A group company, namely Kewal Kiran Clothing Pvt Ltd was amalgamated with the company with effect from December 1, 2002. 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 launched "Colors Infinity" on 31st July ,2015. During the year 2017-18, it opened 39 new stores and closed/relocated 52 existing ones taking the total operational stores count to 318. Of these, 193 are K-Lounge stores, 124 are brand-specific EBOs and one is a factory outlet. The Company launched its Autumn Winter 2019 collection in Goa. 44 new stores were added and 40 stores were closed/relocated/ converted during the year 2019. Killer Jeans was launched in 2021. In 2023, the Company launched Athleisure collection along with casual blazers. It opened 97 stores during the year 2023.

Registered Address

Kewal Kiran Estate, 460/7 IB Patel Rd Goregaon (E), Mumbai, Maharashtra, 400063

Tel : 91-022-26814400
Email : contact:kewalkiran.com; grievanceredressal:kewalki
Website : http://www.kewalkiran.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532732
NSE Code : KKCL
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 May 28, 2024 03:44 PM the closing price of Kewal Kiran Clothing Ltd was Rs.677.20.

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 May 28, 2024 03:44 PM, the market cap of Kewal Kiran Clothing Ltd stood at Rs. 4,173.25.

The latest PE ratio of Kewal Kiran Clothing Ltd as of May 28, 2024 03:44 PM is 28.15

The latest PB ratio of Kewal Kiran Clothing Ltd as of May 28, 2024 03:44 PM is 0.15

The 52-week high of Kewal Kiran Clothing Ltd share price is Rs. 827.45 while the 52-week low is Rs. 480.45

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

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