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Kitex Garments Ltd share Price Today

Company details

209.22
214.00
164.05
287.60
6M Return -6.40%
1Y Return 23.50%
Mkt Cap.(Cr) 1,408.87
Volume 97,885
Div Yield 0.71%
OI
-
OI Chg %
-
Volume 97,885

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Kitex Garments announced Q4FY22 results:

  • All time high Total Revenue Year at Rs 818 crore, higher by 75% compared to FY21.
  • EBITDA of Rs 200 crore for the year, higher by 81% compared to FY21.
  • Profit before Tax for the year at Rs 175.78 crore, higher by 106% compared to FY21.
  • Profit after Tax for the year at Rs 128.28 crore, higher by 114% compared to FY21.
  • Expansion in the state of Telangana is in progress as per scheduled timeline.

Mr. Sabu M. Jacob, Chairman and Managing Director of Kitex Garments Ltd said that “Strong growth access to infants garments segment despite the inflationary trends in materials costs, the company achieved record turnover and through effective cost control measures been able to achieve higher profits.”

 

Result PDF

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Kitex Garments Ltd shares SWOT Analysis

Strengths (7)

  • Good quarterly growth in the recent results
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing profits every quarter for the past 4 quarters

Weakness (5)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Companies Increasing Debt as per Annual Report
  • Increasing Trend in Non-Core Income

Resistance and support

R1 214.2
R2 216.5
R3 218.9
Pivot

211.69

S1 209.4
S2 206.9
S3 204.6
EMA SMA
207.3
207.3
210.3
209.2
204.9
204.5
217.1
214.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-02 265.2 486140 NSE
QE SECURITIES LLP Bulk Purchase 2024-02-02 267.88 352977 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-02 265.58 486140 NSE
Name Category Shares
SABU M JACOB PROMOTER 34.18%
KITEX CHILDRENSWEAR LIMITED PROMOTER 15.92%
RENJITHA JOSEPH PROMOTER 6.51%

FINANCIALS

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

Kitex Garments Ltd Stocks COMPARISON

Financials( in Cr) Kitex Garments Ltd Page Industries Ltd K P R Mill Ltd Gokaldas Exports Ltd Kewal Kiran Clothing Ltd
Price 211.86 40,307.45 892.00 887.30 723.05
% Change -0.73 1.25 1.20 -2.04 1.13
Mcap Cr 1,408.87 44,958.93 30,489.81 6,310.92 4,455.80
Revenue TTM Cr 557.00 4,788.64 6,059.68 2,222.20 779.45
Net Profit TTM Cr 56.92 571.25 805.35 172.97 119.02
PE TTM 24.95 79.03 38.75 48.24 28.93
1 Year Return 23.50 5.35 33.39 78.26 38.29
ROCE 9.08 53.56 21.04 21.20 27.84
ROE 6.81 46.45 19.97 19.58 23.22
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 858.33 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Kitex Garments Ltd Information

Stock PE (TTM)
24.95
Promoter Holding
56.66%
Book Value
136.0286
ROCE
9.08%
ROE
6.81%
Description
  • Kitex Garments Ltd. (KGL) is the world`s second largest manufacturer of cotton specialized in making knitted garments for infants and toddlers with sizes ranging from Premature babies to 24 months infants. The Company was established in May, 1992. KGL is a 100% export-oriented unit, which caters to prominent and renowned conglomerates in USA and Europe markets like Gerber Childrenswear LLC, Carters, Carters brands, H & O Fashions, Buy-Buy Baby, Ross Stores, Amazon, Target, Sam`s Club and Walmart. The Company is managed under the leadership of Sri Sabu M Jacob, which is presently engaged into exports of cotton and organic cotton garments especially infants wear. It is well known for manufacturing facilities with latest and automatic machineries such as Automatic Mixing & Dispensing of Dyes, Chemicals & Printing Pastes, Cold Pad Dyeing, Fully automatic Robotized Yarn Dyeing, Digital Light Exposing - Screen Engraving System, Computerized Precision Cutting, Modern Sewing Machines, EDI capabilities, Bar coded tracking of garments & Biological ETP & Waste Management. The unit located near Kochi- India comes with an advantage of direct logistic connectivity with major international destinations by sea and air. The newly commissioned India Gateway Terminal (IGT) at Vallarpadam, Kochi, is the first International Transshipment Terminal in India, which eliminates the need to transship through Singapore or Colombo, by increasing speed to market, at lower cost. The port is adjacent to the direct maritime highway between Far-East, Europe and the United States. In 1995, the Company made a Public Issue and got shares listed on NSE & BSE. The vertically integrated manufacturing plant makes infants wear as well as fabrics. During the fiscal year ended March 31, 2010, the export sales mainly consisted of infant and children`s wear and jackets intended for the United States market. During the fiscal year ended March 31, 2010, the Company produced 87,779,618 readymade garments. As on March 31, 2019, the Company had 6 wholly owned subsidiaries, Kitex Littlewear Limited, Kitex Babywear Limited, Kitex Socks Limited, Kitex Packs Limited, Kitex Knits Limited and Kitex Kidswear Limited. On 18th November 2021, a new Company, Kitex Apparel Parks Limited (KAPL) was incorporated with a joint investment along with Kitex Childrenswear Limited in the ratio 70:30 in Warangal, Telangana.

Registered Address

P B No 5 ALwaye, Kizhakkambalam, Kochi, Kerala, 683562

Tel : 91-484-2682200(23 lines)
Email : sect:kitexgarments.com; kgl:kitexgarments.com
Website : http://www.kitexgarments.com
Registrar

Cameo Corporate Services Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 521248
NSE Code : KITEX
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE602G01020

FAQ’s on Kitex Garments Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:59 PM the closing price of Kitex Garments Ltd was Rs.211.86.

The latest PE ratio of Kitex Garments Ltd as of Jun 24, 2024 03:59 PM is 24.95

The latest PB ratio of Kitex Garments Ltd as of Jun 24, 2024 03:59 PM is 0.64

The 52-week high of Kitex Garments Ltd share price is Rs. 287.60 while the 52-week low is Rs. 164.05

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 24, 2024 03:59 PM, the market cap of Kitex Garments Ltd stood at Rs. 1,408.87 Cr.

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