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KITE

Kitex Garments NSEI:KITEX Stock Report

Last Price

₹217.55

Market Cap

₹13.9b

7D

-0.3%

1Y

81.5%

Updated

24 Jun, 2022

Data

Company Financials
KITEX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends5/6

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

Summary of all time highs, changes and price drops for Kitex Garments
Historical stock prices
Current Share Price₹217.55
52 Week High₹309.00
52 Week Low₹108.20
Beta0.086
1 Month Change-8.75%
3 Month Change-12.60%
1 Year Change81.52%
3 Year Change117.77%
5 Year Change-20.93%
Change since IPO386.15%

Recent News & Updates

May 30
Kitex Garments' (NSE:KITEX) Returns On Capital Not Reflecting Well On The Business

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

KITEXIN LuxuryIN Market
7D-0.3%-1.1%0.1%
1Y81.5%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

Is KITEX's price volatile compared to industry and market?
KITEX volatility
KITEX Average Weekly Movement8.2%
Luxury Industry Average Movement7.7%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.5%

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

FoundedEmployeesCEOWebsite
19924,644Sabu Jacobhttps://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

How do Kitex Garments's earnings and revenue compare to its market cap?
KITEX fundamental statistics
Market Cap₹13.85b
Earnings (TTM)₹891.92m
Revenue (TTM)₹6.46b

15.5x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
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 Margin54.84%
Net Profit Margin13.80%
Debt/Equity Ratio0.0%

How did KITEX perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

11%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is KITEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation 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.

KITEX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA9.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does KITEX's PE Ratio compare to its peers?

KITEX PE Ratio vs Peers
The above table shows the PE ratio for KITEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.6x

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.

KITEX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ration/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

0/6

Future 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.


Discover growth companies

  • 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

3/6

Past 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

6/6

Financial 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

4/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.