KITEXTextiles

Kitex Garments Limited

Garments & Apparels · ISIN INE602G01020 · BSE 521248 · NSE EQ · FV ₹1
Last price
₹135
+1.03%today
What this company does

Kitex Garments Limited operates in Garments & Apparels, part of the Textiles sector. It booked ₹203 cr of revenue in its latest quarter (Q2 FY27) and kept 8.2% 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:
40out of 100
Equitytale Health Score
Strained

Healthier than 40% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 1,565–2,932 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)
69

At close. Not part of the score.

Profitability & returns34

How much profit it earns on the money it employs

Balance sheet21

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

Valuation32

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
Strengths
✓ Makes a profit
✓ Sales up 66% vs last year
✓ Promoters hold 57%
✓ No promoter shares pledged
Watch-outs
! Low 6.5% return on equity
! Carries high debt (D/E 1.1)
! Operating cash flow is negative

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 We do not publish price targets or predict returns.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
₹135▲ +1.03%
latest close · 2026-11-04
1-year return
+141.0%
52-wk low ₹5152-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/E ratio40.1High
LowAverageHigh
P/B ratio2.59Moderate
Below bookModerateHigh
EV / EBITDA17.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.5%Weak
WeakFairStrong ▸15%
Return on capital5.4%Weak
WeakFairStrong
Net margin8.2%Decent
ThinDecentStrong
EBITDA margin27.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.05High
LowModerateHigh ▸1
Interest cover2.6×Okay
RiskyOkayStrong ▸5×
Current ratio1.27Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹2,685 cr
Book value
₹52
EPS
₹0.84
latest quarter
Net debt
₹1,232 cr
owes more than its cash
Enterprise value
₹3,917 cr
EBITDA
₹219 cr
annualised
EBIT
₹145 cr
annualised
Operating margin
17.9%
Return on assets
2.1%
Earnings yield
2.50%
P/S
3.31
Sales / share
₹40.7
Tax rate
38.1%
Face value
₹1
Shares
20.0 cr
Working capital
₹136 cr
Current assets
₹631 cr
Current liabilities
₹496 cr
Delivery %
34.6%
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 2026-11-04.

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–₹64, 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 · Q2 FY27 (consolidated)
Revenue from Operations₹203 cr
Other Income₹10 cr
Total Income₹213 cr
Cost of Materials₹111 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-47 cr
Employee Benefit Expense₹45 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹19 cr
Other Expenses₹50 cr
Total Expenses₹191 cr
Profit before Tax₹22 cr
Tax Expense₹8 cr
Net Profit₹14 cr
Net margin on total income6.4%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹63 cr29.6%
Employee benefit expense₹45 cr21.2%
Finance costs₹14 cr6.6%
Depreciation & amortisation₹19 cr8.7%
Other expenses₹50 cr23.5%
Tax expense₹8 cr4.0%
Profit for the period₹14 cr6.4%
Total income ₹213 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue166 cr158 cr203 cr
Total income200 cr166 cr213 cr
Expenses205 cr179 cr191 cr
Profit before tax-5 cr-13 cr22 cr
Tax4 cr4 cr8 cr
Net profit (owners' share)-9 cr-9 cr17 cr
Net margin (owners' share, on revenue)-5.6%-5.7%8.2%
EPS (₹)-0.20-0.450.84
YoY (latest quarter): total income +58.2% · net profit —
Balance sheet & cash flow · as of Sep 2026
High debt
Total assets
₹3,188 cr
Shareholder equity
₹1,038 cr
parent shareholders
Total debt
₹1,303 cr
Cash
₹71 cr
Cash flow · H1 FY27
Operating
₹-29 cr
Investing
₹-72 cr
Financing
₹57 cr
Peer comparison
Garments & Apparels · by market value
CompanyPriceMarket capP/E
Page Industries Limited₹35,280₹39,351 cr51.0
Arvind Limited₹502₹13,646 cr22.6
Pearl Global Industries Limited₹1,267₹5,852 cr14.6
Gokaldas Exports Limited₹708₹5,189 cr29.3
Lux Industries Limited₹1,162₹3,638 cr36.6
SBC Exports Limited₹67₹3,177 cr69.5
Kewal Kiran Clothing Limited₹432₹2,677 cr13.8
Kitex Garments Limitedthis company₹133₹2,658 cr39.7
S. P. Apparels Limited₹851₹2,140 cr21.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.37%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 18 Sep 2026
ActionDetailEx-date
Dividend₹0.5 / share18 Sep 2026
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
Who owns it · 2026-09-30
No pledge
Promoter
56.7%
FII / Foreign
0.9%
DII / Domestic
0.1%
Retail / others
42.4%
Smart-money activity
Insider trades
BoughtSaji Kurian · Designated Person1,150 · ₹1.4 L30 Sep 26
BoughtSaji Kurian · Designated Person500 · ₹60,64023 Sep 26
BoughtSaji Kurian · Designated Person8,000 · ₹9.5 L22 Sep 26
Bulk / block deals
short— · NSE123 Sep 26
short— · NSE120 Aug 26
short— · NSE218 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 · 25 Sep 2026
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, 2026 together with the report of the Board of Directors and Independent Auditors Report thereon
Backed by 95% of shareholders other than promotersneeded 50%
1.82 cr votes for, 9.53 L against · 81% of mutual funds and other big investors said no
2
To declare a final dividend of Rs. 0.50 per fully paid-up ordinary (equity) share of face value of Rs.1/- each for the financial year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
1.92 cr votes for, 1,245 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. K L V Narayanan (DIN: 01273573), who retires by rotation as Director of the Company
Backed by 99% of shareholders other than promotersneeded 50%
1.90 cr votes for, 2.23 L against · 18% of mutual funds and other big investors said no
4
Appointment of Mr. Bijoy Philipose (DIN: 00516331) as an Independent Director
Backed by 99% of shareholders other than promotersneeded 75%
1.90 cr votes for, 2.26 L against · 18% 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 2026-09-30
SABU M JACOB34.18%
KITEX CHILDRENSWEAR LIMITED15.92%
RENJITHA JOSEPH6.51%
BOBY M JACOB0.05%
Business done with them
FY2026 · 2 of the group
The company paid ₹41 cr to companies in the promoter group last year — about 6.2% of its ₹667 cr revenue and received ₹26 cr back from them.
Kitex Childrenswear Limited
Bought goods from them · Revenue from sale of goods and services (including expenses recovered), Rent Paid, Rent Received, Purchases of goods and services (including reimbursements), rade payables
also owns 15.92% of the company
₹37 cr
company paid
Kitex Childrenswear Limited
Sold goods to them · Revenue from sale of goods and services (including expenses recovered), Rent Paid, Rent Received, Purchases of goods and services (including reimbursements), rade payables
also owns 15.92% of the company
₹26 cr
company received
Sabu M Jacob
Other payments to them · Remuneration paid
also owns 34.18% of the company
₹4 cr
company paid
Kitex Childrenswear Limited
Leases As Lessor · Revenue from sale of goods and services (including expenses recovered), Rent Paid, Rent Received, Purchases of goods and services (including reimbursements), rade payables
also owns 15.92% of the company
₹31.8 L
company received
Kitex Childrenswear Limited
Leases As Lessee · Revenue from sale of goods and services (including expenses recovered), Rent Paid, Rent Received, Purchases of goods and services (including reimbursements), rade payables
also owns 15.92% of the company
₹2.5 L
company received

The company also transacted with 14 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.