KITEXTextiles

Kitex Garments Limited

Garments & Apparels · ISIN INE602G01020 · BSE 521248 · NSE EQ · FV ₹1
Last price
₹121
+1.69%today
What this company does

Kitex Garments Limited operates in Garments & Apparels, part of the Textiles sector. It booked ₹158 cr of revenue in its latest quarter (Q1 FY27) and kept -5.7% of sales as profit. It is the 8th largest of 9 Garments & Apparels companies we track, by market value.

Expanding Horizons, Excelling in Every Stitch We are among the world’s largest manufacturers of infant apparel, headquartered in Kerala, India, with an expanding footprint in men’s, women’s, and unisex apparel. Since our inception in 1992, we have developed end-to-end, vertically integrated capabilities spanning yarn to finished garments.
In the report:
36out of 100
Equitytale Health Score
Strained

Healthier than 36% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 1,561–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
33

At close. Not part of the score.

Profitability & returns8

How much profit it earns on the money it employs

Balance sheet17

How much it owes, and whether earnings cover the interest

Cash quality29

Whether reported profit actually arrives as cash

Growth & consistency58

Whether sales and profit have grown, and how steadily

Valuation50

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Some things to watch
Strengths
Promoters hold 57%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -5.7% net margin
! Sales down 19% vs last year
! Low -3.5% return on equity

What if I invest in KITEX?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹121 +1.69%
latest close · 2026-09-17
1-year return
+143.4%
52-wk low ₹4952-wk high ₹151
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio2.34Moderate
Below bookModerateHigh
EV / EBITDA48.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-3.5%Loss
WeakFairStrong ▸15%
Return on capital0.0%Weak
WeakFairStrong
Net margin-5.7%Loss
ThinDecentStrong
EBITDA margin11.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.97Moderate
LowModerateHigh ▸1
Interest cover0.0×Risky
RiskyOkayStrong ▸5×
Current ratio1.50Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,406 cr
Book value
₹52
EPS
₹-0.45
latest quarter
Net debt
₹1,085 cr
owes more than its cash
Enterprise value
₹3,491 cr
EBITDA
₹71 cr
annualised
EBIT
₹1 cr
annualised
Operating margin
0.2%
Return on assets
-1.2%
Earnings yield
P/S
3.80
Sales / share
₹31.8
Tax rate
Face value
₹1
Shares
20.0 cr
Working capital
₹173 cr
Current assets
₹518 cr
Current liabilities
₹345 cr
Delivery %
43.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹20₹72, midpoint ₹58

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹158 cr
Other Income₹8 cr
Total Income₹166 cr
Cost of Materials₹105 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-26 cr
Employee Benefit Expense₹33 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹18 cr
Other Expenses₹36 cr
Total Expenses₹179 cr
Profit before Tax₹-13 cr
Tax Expense₹4 cr
Net Profit₹-17 cr
Net margin on total income-10.3%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹79 cr42.9%
Employee benefit expense₹33 cr18.3%
Finance costs₹14 cr7.4%
Depreciation & amortisation₹18 cr9.6%
Other expenses₹36 cr19.7%
Tax expense₹4 cr2.1%
Total income ₹166 cr

The company made a net loss of ₹17 cr this quarter — income covered only 91 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue182 cr166 cr158 cr
Total income187 cr200 cr166 cr
Expenses199 cr205 cr179 cr
Profit before tax-12 cr-5 cr-13 cr
Tax5 cr4 cr4 cr
Net profit (owners' share)-9 cr-9 cr-9 cr
Net margin (owners' share, on revenue)-5.2%-5.6%-5.7%
EPS (₹)-0.47-0.20-0.45
YoY (latest quarter): total income -15.9% · net profit
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3,042 cr
Shareholder equity
₹1,030 cr
parent shareholders
Total debt
₹1,199 cr
Cash
₹114 cr
Cash flow · H1 FY26
Operating
₹215 cr
Investing
₹-261 cr
Financing
₹93 cr
Peer comparison
Garments & Apparels · by market value
CompanyPriceMarket capP/E
Page Industries Limited₹35,020₹39,061 cr50.6
Arvind Limited₹542₹14,198 cr66.4
Gokaldas Exports Limited₹728₹5,331 cr30.1
Pearl Global Industries Limited₹1,143₹5,279 cr13.1
Lux Industries Limited₹1,043₹3,263 cr35.4
Kewal Kiran Clothing Limited₹490₹3,036 cr20.4
S. P. Apparels Limited₹1,003₹2,522 cr25.4
Kitex Garments Limitedthis company₹121₹2,406 cr
SBC Exports Limited₹48₹2,298 cr60.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.5
ex 10 Sep 2025
ActionDetailEx-date
Dividend₹0.5 / share10 Sep 2025
Bonus issue1:217 Jan 2025
Dividend₹1.5 / share20 Sep 2024
Dividend₹1.5 / share22 Sep 2023
Dividend₹1.5 / share19 Aug 2022
Dividend₹1.5 / share30 Aug 2021
Who owns it · 2026-06-30
No pledge
Promoter
56.7%
FII / Foreign
1.2%
DII / Domestic
0.1%
Retail / others
42.0%
Smart-money activity
Insider trades
SoldSaji Kurian · Employees/Designated Employees2,900 · ₹5.3 L29 Dec 25
SoldSaji Kurian · Employees/Designated Employees4,500 · ₹8.4 L19 Dec 25
SoldSaji Kurian · Employees/Designated Employees1,000 · ₹1.9 L17 Dec 25
Bulk / block deals
short · NSE120 Aug 26
short · NSE218 Aug 26
short · NSE114 Aug 26
Stake changes
SoldMrs. Usha C P→ 1.62% · 57.77 L15 Sep 25
BoughtMr. Boby M. Jacob · promoter→ 0.04% · 19,8055 Jul 18
BoughtMr. Sabu M. Jacob · promoter→ 32.81% · 82,7541 Mar 18
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 17 Sep 2025
See the official result
1
To receive, consider and adopt Audited Financial Statements (including the Consolidated Financial Statements) of the Company for the year ended March 31, 2025 together with the Report of the Board of Directors and Independent Auditors Report thereon
Backed by 95% of shareholders other than promotersneeded 50%
1.95 cr votes for, 10.03 L against · 100% of mutual funds and other big investors said no
2
To declare a final dividend of Rs.0.50 paisa per fully paid-up Ordinary (equity) share of face value Re.1/- each for the Financial Year 2024-25
Backed by 100% of shareholders other than promotersneeded 50%
2.05 cr votes for, 1,486 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Sabu M Jacob (DIN: 00046016), who retires by rotation, and being eligible offers himself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
2.05 cr votes for, 2,081 against · 0% of mutual funds and other big investors said no
4
Re-appointment of Mr. Sabu M Jacob (DIN: 00046016) as Chairman and Managing Director
Promoters had a personal stake in this
Backed by 95% of shareholders other than promotersneeded 75%
1.95 cr votes for, 10.31 L against · 100% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 56.7% between them · as of 2026-06-30
SABU M JACOB34.18%
KITEX CHILDRENSWEAR LIMITED15.92%
RENJITHA JOSEPH6.51%
BOBY M JACOB0.05%
Business done with them
FY2025 · 2 of the group
The company paid ₹64 cr to companies in the promoter group last year — about 6.5% of its ₹983 cr revenue and received ₹106 cr back from them.
Kitex Childrenswear Limited
Sold goods to them · Revenue from sale of goods and services (including expenses recovered ),Purchases of goods and services (including reimbursements),Trade receivables
also owns 15.92% of the company
₹106 cr
company received
Kitex Childrenswear Limited
Bought goods from them · Revenue from sale of goods and services (including expenses recovered ),Purchases of goods and services (including reimbursements),Trade receivables
also owns 15.92% of the company
₹54 cr
company paid
Sabu M Jacob
Other payments to them · Remuneration paid, remuneration payable
also owns 34.18% of the company
₹11 cr
company paid

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.