| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
KITEX Stock Overview
Kitex Garments Limited, together with its subsidiaries, manufactures and sells fabric and readymade garments in India.
Kitex Garments Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹217.55 |
| 52 Week High | ₹309.00 |
| 52 Week Low | ₹108.20 |
| Beta | 0.086 |
| 1 Month Change | -8.75% |
| 3 Month Change | -12.60% |
| 1 Year Change | 81.52% |
| 3 Year Change | 117.77% |
| 5 Year Change | -20.93% |
| Change since IPO | 386.15% |
Recent News & Updates
Kitex Garments' (NSE:KITEX) Returns On Capital Not Reflecting Well On The Business
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
Shareholder Returns
| KITEX | IN Luxury | IN Market | |
|---|---|---|---|
| 7D | -0.3% | -1.1% | 0.1% |
| 1Y | 81.5% | 12.5% | -1.7% |
Return vs Industry: KITEX exceeded the Indian Luxury industry which returned 12.5% over the past year.
Return vs Market: KITEX exceeded the Indian Market which returned -1.7% over the past year.
Price Volatility
| KITEX volatility | |
|---|---|
| KITEX Average Weekly Movement | 8.2% |
| Luxury Industry Average Movement | 7.7% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in IN Market | 9.8% |
| 10% least volatile stocks in IN Market | 4.5% |
Stable Share Price: KITEX is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: KITEX's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | 4,644 | Sabu Jacob | https://www.kitexgarments.com |
Kitex Garments Limited, together with its subsidiaries, manufactures and sells fabric and readymade garments in India. It primarily offers infant wear comprising body suits; rompters and skirts; burps; sleepsuits; tops and dresses; bibs; sleepwear and SNP; baby quilts and bedding; and training pants and jackets. The company also exports its products to the United States and Europe.
Kitex Garments Fundamentals Summary
| KITEX fundamental statistics | |
|---|---|
| Market Cap | ₹13.85b |
| Earnings (TTM) | ₹891.92m |
| Revenue (TTM) | ₹6.46b |
15.5x
P/E Ratio2.1x
P/S RatioIs KITEX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KITEX income statement (TTM) | |
|---|---|
| Revenue | ₹6.46b |
| Cost of Revenue | ₹2.92b |
| Gross Profit | ₹3.55b |
| Other Expenses | ₹2.65b |
| Earnings | ₹891.92m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 13.41 |
| Gross Margin | 54.84% |
| Net Profit Margin | 13.80% |
| Debt/Equity Ratio | 0.0% |
How did KITEX perform over the long term?
See historical performance and comparisonDividends
0.7%
Current Dividend Yield11%
Payout RatioValuation
Is KITEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for KITEX?
Other financial metrics that can be useful for relative valuation.
| What is KITEX's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | ₹13.85b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2x |
| Enterprise Value/EBITDA | 9.3x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does KITEX's PE Ratio compare to its peers?
| KITEX PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 21.6x |
Price-To-Earnings vs Peers: KITEX is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (21.6x).
Price to Earnings Ratio vs Industry
How does KITEX's PE Ratio compare vs other companies in the Indian Luxury Industry?
Price-To-Earnings vs Industry: KITEX is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the Indian Luxury industry average (12x)
Price to Earnings Ratio vs Fair Ratio
What is KITEX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 15.5x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KITEX's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of KITEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: KITEX (₹217.55) is trading above our estimate of fair value (₹140.38)
Significantly Below Fair Value: KITEX is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KITEX's PEG Ratio to determine if it is good value.
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Future Growth
How is Kitex Garments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
27.0%
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kitex Garments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine Kitex Garments's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Kitex Garments competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Kitex Garments performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-0.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KITEX has high quality earnings.
Growing Profit Margin: KITEX's current net profit margins (13.8%) are higher than last year (13%).
Past Earnings Growth Analysis
Earnings Trend: KITEX's earnings have declined by 0.9% per year over the past 5 years.
Accelerating Growth: KITEX's earnings growth over the past year (40.2%) exceeds its 5-year average (-0.9% per year).
Earnings vs Industry: KITEX earnings growth over the past year (40.2%) underperformed the Luxury industry 83.8%.
Return on Equity
High ROE: KITEX's Return on Equity (12.2%) is considered low.
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Financial Health
How is Kitex Garments's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: KITEX's short term assets (₹5.5B) exceed its short term liabilities (₹837.2M).
Long Term Liabilities: KITEX's short term assets (₹5.5B) exceed its long term liabilities (₹204.9M).
Debt to Equity History and Analysis
Debt Level: KITEX is debt free.
Reducing Debt: KITEX has no debt compared to 5 years ago when its debt to equity ratio was 7.8%.
Debt Coverage: KITEX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: KITEX has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Kitex Garments's current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
0.72%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KITEX's dividend (0.69%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).
High Dividend: KITEX's dividend (0.69%) is low compared to the top 25% of dividend payers in the Indian market (1.9%).
Stability and Growth of Payments
Stable Dividend: KITEX's dividends per share have been stable in the past 10 years.
Growing Dividend: KITEX's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (11.2%), KITEX's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (18.4%), KITEX's dividend payments are well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average management tenure
CEO
Sabu Jacob (59 yo)
15.83yrs
Tenure
₹44,715,450
Compensation
Mr. Sabu Meckamkunnel Jacob has been Managing Director of Kitex Garments Limited since August 16, 2006 and was its Interim Chief Financial Officer since May 20, 2019 until July 1, 2019. He serves as a Dire...
CEO Compensation Analysis
Compensation vs Market: Sabu's total compensation ($USD572.06K) is above average for companies of similar size in the Indian market ($USD202.54K).
Compensation vs Earnings: Sabu's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: KITEX's management team is considered experienced (3.6 years average tenure).
Board Members
Experienced Board: KITEX's board of directors are considered experienced (8.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Kitex Garments Limited's employee growth, exchange listings and data sources
Key Information
- Name: Kitex Garments Limited
- Ticker: KITEX
- Exchange: NSEI
- Founded: 1992
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Implied Market Cap: ₹13.852b
- Shares outstanding: 66.50m
- Website: https://www.kitexgarments.com
Number of Employees
Location
- Kitex Garments Limited
- P. B. No. 5, Kizhakkambalam
- Alwaye
- Kochi
- Kerala
- 683562
- India
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/24 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.