Kitex Garments
Market Cap
₹10.0b
Last Updated
2020/02/27 12:53 UTC
Data Sources
Company Financials
Executive Summary
Kitex Garments Limited manufactures fabric and readymade garments in India.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Kitex Garments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KITEX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-11.5%
KITEX
-4.4%
IN Luxury
-3.5%
IN Market
1 Year Return
66.0%
KITEX
12.8%
IN Luxury
5.2%
IN Market
Return vs Industry: KITEX exceeded the Indian Luxury industry which returned 13.7% over the past year.
Return vs Market: KITEX exceeded the Indian Market which returned 6.4% over the past year.
Shareholder returns
| KITEX | Industry | Market | |
|---|---|---|---|
| 7 Day | -11.5% | -4.4% | -3.5% |
| 30 Day | 17.0% | -1.4% | -3.9% |
| 90 Day | 48.7% | 6.0% | -2.1% |
| 1 Year | 70.8%66.0% | 13.5%12.8% | 7.2%5.2% |
| 3 Year | -49.4%-51.4% | 45.8%44.0% | 18.9%12.4% |
| 5 Year | -57.8%-59.7% | 97.3%93.7% | 29.4%17.7% |
Price Volatility Vs. Market
How volatile is Kitex Garments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Kitex Garments Limited's (NSE:KITEX) P/E Ratio1 week ago | Simply Wall St
Can You Imagine How Kitex Garments's (NSE:KITEX) Shareholders Feel About The 65% Share Price Increase?3 weeks ago | Simply Wall St
Why Kitex Garments Limited (NSE:KITEX) Looks Like A Quality CompanyValuation
Is Kitex Garments undervalued compared to its fair value and its price relative to the market?
8.23x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KITEX (₹150.25) is trading above our estimate of fair value (₹20.83)
Significantly Below Fair Value: KITEX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KITEX is good value based on its PE Ratio (8.4x) compared to the Luxury industry average (10.7x).
PE vs Market: KITEX is good value based on its PE Ratio (8.4x) compared to the Indian market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KITEX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KITEX is overvalued based on its PB Ratio (1.7x) compared to the IN Luxury industry average (0.5x).
Next Steps
Future Growth
How is Kitex Garments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.7%
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.
Next Steps
- Check out Kitex Garments's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Kitex Garments competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Kitex Garments performed over the past 5 years?
-5.4%
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%) are higher than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: KITEX's earnings have declined by -5.4% per year over the past 5 years.
Accelerating Growth: KITEX's earnings growth over the past year (44.1%) exceeds its 5-year average (-5.4% per year).
Earnings vs Industry: KITEX earnings growth over the past year (44.1%) exceeded the Luxury industry 6.4%.
Return on Equity
High ROE: KITEX's Return on Equity (16.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Kitex Garments's financial position?
Financial Position Analysis
Short Term Liabilities: KITEX's short term assets (₹5.7B) exceed its short term liabilities (₹2.0B).
Long Term Liabilities: KITEX's short term assets (₹5.7B) exceed its long term liabilities (₹226.2M).
Debt to Equity History and Analysis
Debt Level: KITEX's debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: KITEX's debt to equity ratio has reduced from 64.9% to 15.3% over the past 5 years.
Debt Coverage: KITEX's debt is well covered by operating cash flow (32.6%).
Interest Coverage: KITEX's interest payments on its debt are well covered by EBIT (29.8x coverage).
Balance Sheet
Inventory Level: KITEX has a high level of physical assets or inventory.
Debt Coverage by Assets: KITEX's debt is covered by short term assets (assets are 6.2x debt).
Next Steps
Dividend
What is Kitex Garments's current dividend yield, its reliability and sustainability?
1.02%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: KITEX's dividend (1%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: KITEX's dividend (1%) is low compared to the top 25% of dividend payers in the Indian market (2.63%).
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.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.4%), KITEX's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Sabu Jacob (57yo)
13.5yrs
Tenure
₹68,501,203
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 Chairm ...
CEO Compensation Analysis
Compensation vs Market: Sabu's total compensation ($USD953.75K) is above average for companies of similar size in the Indian market ($USD49.94K).
Compensation vs Earnings: Sabu's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 13.5yrs | ₹68.50m | 39.66% ₹4.0b | |
| Company Secretary & Compliance Officer | 1.3yrs | ₹950.42k | no data | |
| Woman Whole-Time Director | 4.9yrs | ₹1.78m | no data | |
| Chief Financial Officer | 0.6yrs | ₹1.29m | 0.041% ₹4.1m | |
| Vice President of Business Operations | 0yrs | no data | no data | |
| President & COO of Kitex USA LLC | 0yrs | no data | no data | |
| Vice President and Director of Operations - USA | 0yrs | no data | no data |
1.3yrs
Average Tenure
57yo
Average Age
Experienced Management: KITEX's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 13.5yrs | ₹68.50m | 39.66% ₹4.0b | |
| Woman Whole-Time Director | 4.9yrs | ₹1.78m | no data | |
| Independent Non Executive Director | 21.6yrs | ₹280.00k | no data | |
| Independent & Non-Executive Director | 8.6yrs | ₹250.00k | 0.00021% ₹21.0k | |
| Non Executive Director | 6.8yrs | ₹240.00k | no data | |
| Independent Non Executive Director | 3.7yrs | ₹200.00k | 0.0019% ₹186.0k |
6.8yrs
Average Tenure
62yo
Average Age
Experienced Board: KITEX's board of directors are considered experienced (6.8 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 company bio, 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
- Market Cap: ₹10.002b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 521248 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Mar 1995 |
| KITEX | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Mar 1995 |
Biography
Kitex Garments Limited manufactures fabric and readymade garments in India. The company primarily offers infant wear comprising body suits, rompters, bibs, burps, sleepwear, and training pants. It also exports its products to the United States and Europe. The company was founded in 1992 and is based in Kochi, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 12:53 |
| End of Day Share Price | 2020/02/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.