Kitex Garments
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Kitex Garments Limited manufactures fabric and readymade garments in India. The last earnings update was 264 days ago. More info.
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KITEX Share Price and Events
7 Day Returns
1 Year Returns
KITEX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Kitex Garments (KITEX) | -0.2% | -1.1% | -4.4% | -56.6% | -67.8% | 17.3% |
| IN Luxury | 0.9% | 1.6% | 8.6% | -3.2% | 48.8% | 161.5% |
| IN Market | 0.8% | 2.1% | 5.8% | -0.7% | 41.2% | 72.5% |
1 Year Return vs Industry and Market
- KITEX underperformed the Luxury industry which returned -3.2% over the past year.
- KITEX underperformed the Market in India which returned -0.7% over the past year.
KITEX Value
Is Kitex Garments undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Kitex Garments
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Kitex Garments.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 14.6% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 8.6% |
| Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 35%) (1.17%)) |
0.822 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.82 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.822 * 8.6%) |
14.62% |
Discounted Cash Flow Calculation for NSEI:KITEX using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Kitex Garments is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (INR, Millions) | Source |
Present Value Discounted (@ 14.62%) |
|
|---|---|---|---|
| 2019 | 7.11 | Est @ -81.11% | 6.20 |
| 2020 | 3.23 | Est @ -54.51% | 2.46 |
| 2021 | 2.07 | Est @ -35.9% | 1.38 |
| 2022 | 1.60 | Est @ -22.86% | 0.93 |
| 2023 | 1.38 | Est @ -13.74% | 0.70 |
| 2024 | 1.28 | Est @ -7.35% | 0.56 |
| 2025 | 1.24 | Est @ -2.88% | 0.48 |
| 2026 | 1.24 | Est @ 0.25% | 0.42 |
| 2027 | 1.27 | Est @ 2.44% | 0.37 |
| 2028 | 1.33 | Est @ 3.97% | 0.34 |
| Present value of next 10 years cash flows | ₹13.84 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ₹1.33 × (1 + 7.55%) ÷ (14.62% – 7.55%) |
₹20.16 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ₹20.16 ÷ (1 + 14.62%)10 |
₹5.15 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ₹13.84 + ₹5.15 |
₹18.98 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹18.98 / 66.50 |
₹0.29 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in NSEI:KITEX
represents 1.00532x
of
BSE:521248
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
1.00532x |
| Value per Share (Listing Adjusted, INR) |
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 0.29 x 1.00532 |
₹0.29 |
| Value per share (INR) | From above. | ₹0.29 |
| Current discount | Discount to share price of
₹103.90
= -1 x (₹103.90 - ₹0.29) / ₹0.29 |
-36101.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Kitex Garments is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Kitex Garments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Kitex Garments's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-03-31) in INR | ₹9.56 |
| BSE:521248 Share Price ** | BSE (2019-04-18) in INR | ₹103.35 |
| India Luxury Industry PE Ratio | Median Figure of 240 Publicly-Listed Luxury Companies | 12.25x |
| India Market PE Ratio | Median Figure of 2,738 Publicly-Listed Companies | 16.33x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Kitex Garments.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:521248 Share Price ÷ EPS (both in INR) = 103.35 ÷ 9.56 |
10.81x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kitex Garments is good value based on earnings compared to the IN Luxury industry average.
- Kitex Garments is good value based on earnings compared to the India market.
Price based on expected Growth
Does
Kitex Garments's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.81x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| India Luxury Industry PEG Ratio | Median Figure of 25 Publicly-Listed Luxury Companies | 1.55x |
| India Market PEG Ratio | Median Figure of 584 Publicly-Listed Companies | 1.32x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Kitex Garments, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Kitex Garments's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-03-31) in INR | ₹74.99 |
| BSE:521248 Share Price * | BSE (2019-04-18) in INR | ₹103.35 |
| India Luxury Industry PB Ratio | Median Figure of 311 Publicly-Listed Luxury Companies | 0.74x |
| India Market PB Ratio | Median Figure of 3,628 Publicly-Listed Companies | 1.11x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:521248 Share Price ÷ Book Value per Share (both in INR) = 103.35 ÷ 74.99 |
1.38x |
* Primary Listing of Kitex Garments.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kitex Garments is overvalued based on assets compared to the IN Luxury industry average.
Value checks
We assess Kitex Garments's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Kitex Garments has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
KITEX Future Performance
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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare Kitex Garments's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Kitex Garments's earnings growth to the India market average as no estimate data is available.
- Unable to compare Kitex Garments's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 19.3% |
| India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.5% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 year ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-03-31 | 5,573 | 286 | 635 |
| 2017-03-31 | 5,459 | 447 | 835 |
| 2016-03-31 | 5,458 | 1,351 | 1,097 |
| 2015-12-31 | 5,195 | 1,088 | |
| 2015-09-30 | 5,235 | 1,079 | |
| 2015-06-30 | 5,117 | 1,001 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 year ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Kitex Garments Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-03-31 | 9.56 |
| 2017-03-31 | 12.55 |
| 2016-03-31 | 16.50 |
| 2015-12-31 | 16.36 |
| 2015-09-30 | 16.22 |
| 2015-06-30 | 15.04 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Kitex Garments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Kitex Garments's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Kitex Garments has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
KITEX Past Performance
How has Kitex Garments performed over the past 5 years?
- Kitex Garments's last earnings update was 264 days ago.
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Insufficient data to establish if Kitex Garments's year on year earnings growth rate was positive over the past 5 years.
- Kitex Garments's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Kitex Garments's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
All data from Kitex Garments Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-03-31 | 5,572.54 | 635.49 | 999.37 | |
| 2017-03-31 | 5,459.01 | 834.58 | 934.50 | |
| 2016-03-31 | 5,458.17 | 1,096.95 | 859.77 | |
| 2015-12-31 | 5,194.99 | 1,088.24 | 966.69 | |
| 2015-09-30 | 5,234.65 | 1,078.88 | 953.84 | |
| 2015-06-30 | 5,117.41 | 1,000.53 | 934.40 | |
| 2015-03-31 | 5,110.96 | 985.17 | 776.67 | |
| 2014-12-31 | 4,919.81 | 779.72 | 780.76 | |
| 2014-09-30 | 4,708.00 | 661.64 | 735.83 | |
| 2014-06-30 | 4,439.82 | 588.30 | 695.72 | |
| 2014-03-31 | 4,422.10 | 573.69 | 673.52 | |
| 2013-12-31 | 3,872.03 | 440.51 | 597.62 | |
| 2013-09-30 | 3,846.45 | 430.93 | 566.71 | |
| 2013-06-30 | 3,521.38 | 351.32 | 527.86 | |
| 2013-03-31 | 3,169.83 | 293.77 | 513.26 | |
| 2012-12-31 | 3,032.48 | 309.17 | 484.64 | |
| 2012-09-30 | 2,914.41 | 261.85 | 472.89 | |
| 2012-06-30 | 2,943.77 | 273.60 | 460.09 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Kitex Garments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Kitex Garments used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
- Kitex Garments's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Kitex Garments's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Kitex Garments has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
KITEX Health
How is Kitex Garments's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Kitex Garments's finances.
The net worth of a company is the difference between its assets and liabilities.
- Kitex Garments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Kitex Garments's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 46.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Kitex Garments Company Filings, last reported 1 year ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-03-31 | 4,987.01 | 80.21 | 969.06 |
| 2017-03-31 | 4,445.89 | 82.93 | 1,345.26 |
| 2016-03-31 | 3,649.95 | 1,100.88 | 2,499.13 |
| 2015-12-31 | 3,027.17 | 1,191.01 | 2,410.97 |
| 2015-09-30 | 3,027.17 | 1,191.01 | 2,410.97 |
| 2015-06-30 | 2,638.75 | 1,612.27 | 2,032.58 |
| 2015-03-31 | 2,638.75 | 1,612.27 | 2,032.58 |
| 2014-12-31 | |||
| 2014-09-30 | |||
| 2014-06-30 | 1,741.69 | 1,341.52 | 1,036.08 |
| 2014-03-31 | 1,741.69 | 1,341.52 | 1,036.08 |
| 2013-12-31 | 1,473.21 | 1,213.24 | 907.23 |
| 2013-09-30 | 1,473.21 | 1,213.24 | 907.23 |
| 2013-06-30 | 1,223.58 | 1,011.69 | 411.83 |
| 2013-03-31 | 1,223.58 | 1,011.69 | 411.83 |
| 2012-12-31 | 1,086.75 | 860.44 | 522.10 |
| 2012-09-30 | 1,086.75 | 860.44 | 522.10 |
| 2012-06-30 | 974.27 | 1,015.13 | 365.24 |
- Kitex Garments's level of debt (1.6%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (82.7% vs 1.6% today).
- Debt is well covered by operating cash flow (356.9%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 23.5x coverage).
Financial health checks
We assess Kitex Garments's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Kitex Garments has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
KITEX Dividends
What is Kitex Garments's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
₹2,000 of
Kitex Garments
shares you are expected to receive
₹29
in your first year as a dividend.
Dividend Amount
- Kitex Garments's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
- Kitex Garments's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| India Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 110 Stocks | 0.6% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1400 Stocks | 1.3% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.5% |
| India Top 25% Dividend Yield | 75th Percentile | 1.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-05-18 | 1.500 | 1.310 |
| 2017-11-06 | 1.500 | 0.564 |
| 2017-04-28 | 1.071 | 0.425 |
| 2016-11-01 | 1.071 | 0.358 |
| 2016-04-04 | 1.071 | 0.319 |
| 2016-01-25 | 1.071 | 0.366 |
| 2015-10-19 | 1.071 | 0.221 |
| 2015-05-12 | 0.893 | 0.152 |
| 2014-04-25 | 0.714 | 0.283 |
| 2014-04-03 | 0.714 | 0.806 |
| 2013-05-16 | 0.571 | 1.189 |
| 2012-06-11 | 0.429 | 1.028 |
| 2011-06-16 | 0.286 | 0.871 |
| 2010-11-29 | 0.214 | 0.790 |
| 2010-05-17 | 0.214 | 1.082 |
| 2009-07-01 | 0.179 | 1.576 |
| 2009-06-01 | 0.179 | 3.268 |
| 2009-04-21 | 0.143 | 3.689 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Kitex Garments's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (6.4x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Kitex Garments's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Kitex Garments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Kitex Garments has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
KITEX Management
CEO
| COMPENSATION | ₹57,284,551 |
| AGE | 56 |
| TENURE AS CEO | 12.7 years |
CEO Bio
Mr. Sabu M. Jacob has been Managing Director of Kitex Garments Ltd. since August 16, 2006 and served as its Chief Financial Officer since January 25, 2016 until September 30, 2018. Mr. Jacob serves as the Chairman of Kitex Garments Ltd. He has 25 years experience and previously served as an Executive Director of Kitex Ltd. He holds B.A. Economics degree.
CEO Compensation
- Sabu's compensation has been consistent with company performance over the past year.
- Sabu's remuneration is higher than average for companies of similar size in India.
Management Team
Sabu Jacob
Chairman & MD
₹57M
56
12.7 yrs
Sindhu Chandrasekhar
Whole-Time Director
₹2M
49
S. Krishnaraj
CFO & Compliance Officer
0.5 yrs
Dan De Yoe
Vice President and Director of Operations - USA
68
Board of Directors Tenure
Average tenure and age of the Kitex Garments board of directors in years:
- The tenure for the Kitex Garments board of directors is about average.
Board of Directors
Sabu Jacob
Chairman & MD
₹57M
56
Sindhu Chandrasekhar
Whole-Time Director
₹2M
49
4.1 yrs
Benni Joseph
Independent Non Executive Director
₹230K
61
20.8 yrs
Erumala Paulose
Independent & Non-Executive Director
₹190K
82
7.8 yrs
K. L. Narayanan
Director
₹220K
61
6 yrs
C. Philipose
Additional Director
₹190K
75
3.8 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Kitex Garments insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 04. Feb 19 | Buy | Kitex Childrenswear Ltd | Company | 01. Feb 19 | 01. Feb 19 | 27,229 | ₹0.00 | ₹101 | ||
| 31. Jan 19 | Buy | Kitex Childrenswear Ltd | Company | 30. Jan 19 | 30. Jan 19 | 33,214 | ₹0.00 | ₹102 | ||
| 30. Jan 19 | Buy | Kitex Childrenswear Ltd | Company | 29. Jan 19 | 29. Jan 19 | 34,604 | ₹0.00 | ₹104 | ||
| 30. Jan 19 | Buy | Sabu Jacob | Individual | 28. Jan 19 | 28. Jan 19 | 112,781 | ₹0.00 | ₹96 | ||
| 18. Oct 18 | Buy | Sabu Jacob | Individual | 15. Oct 18 | 15. Oct 18 | 415 | ₹0.25 | ₹105 | ||
| 18. Oct 18 | Buy | Sabu Jacob | Individual | 15. Oct 18 | 15. Oct 18 | 415 | ₹105.00 | ₹43,575 | ||
| 11. Oct 18 | Buy | Sabu Jacob | Individual | 10. Oct 18 | 11. Oct 18 | 54,939 | ₹103.00 | ₹5,658,715 | ||
| 06. Sep 18 | Buy | Sabu Jacob | Individual | 05. Sep 18 | 05. Sep 18 | 16,800 | ₹0.01 | ₹132 | ||
| 31. Aug 18 | Buy | Sabu Jacob | Individual | 29. Aug 18 | 29. Aug 18 | 25,045 | ₹123.56 | ₹3,094,560 | ||
| 31. Aug 18 | Buy | Sabu Jacob | Individual | 29. Aug 18 | 29. Aug 18 | 25,045 | ₹0.00 | ₹122 | ||
| 07. Jul 18 | Buy | Bobby Jacob | Individual | 22. Jun 18 | 05. Jul 18 | 19,805 | ₹0.01 | ₹155 | ||
Management checks
We assess Kitex Garments's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Kitex Garments has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
KITEX News
Simply Wall St News
Have Insiders Been Buying Kitex Garments Limited (NSE:KITEX) Shares?
So before you buy or sell Kitex Garments Limited (NSE:KITEX), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In the last twelve months Kitex Garments insiders were buying shares, but not selling.
Simply Wall St - – Full articleIs Now The Time To Look At Buying Kitex Garments Limited (NSE:KITEX)?
Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at Kitex Garments’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleSuch Is Life: How Kitex Garments (NSE:KITEX) Shareholders Saw Their Shares Drop 67%
Unfortunately, they have held through a 67% decline in the share price in that time. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the three years that the share price fell, Kitex Garments's earnings per share (EPS) dropped by 14% each year.
Simply Wall St - – Full articleKitex Garments Limited (NSE:KITEX) Is Employing Capital Very Effectively
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleIs Kitex Garments Limited (NSE:KITEX) A Smart Choice For Dividend Investors?
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Kitex Garments Limited (NSE:KITEX) has paid dividends to shareholders, and these days it yields 1.5%. … Let's take a look at Kitex Garments in more detail.
Simply Wall St - – Full articleIs Kitex Garments Limited's (NSE:KITEX) CEO Being Overpaid?
Sabu Jacob has been the CEO of Kitex Garments Limited (NSE:KITEX) since 2006. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Sabu Jacob's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleKitex Garments Limited (NSE:KITEX) Insiders Increased Their Holdings
Kitex Garments Insider Transactions Over The Last Year. … Happily, we note that in the last year insiders bought 366.24k shares for a total of ₹12m. … In total, Kitex Garments insiders bought more than they sold over the last year
Simply Wall St - – Full articleDo You Know What Kitex Garments Limited's (NSE:KITEX) P/E Ratio Means?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Kitex Garments Limited's (NSE:KITEX) P/E ratio and reflect on what it tells us about the company's share price. … Kitex Garments has a price to earnings ratio of 11.6, based on the last twelve months.
Simply Wall St - – Full articleIs Kitex Garments Limited (NSE:KITEX) Potentially Undervalued?
saw a double-digit share price rise of over 10% in the past couple of months on the NSEI. … So, could the stock still be trading at a low price relative to its actual value. … Let’s examine Kitex Garments’s valuation and outlook in more detail to determine if there’s still a bargain opportunity
Simply Wall St - – Full articleWhat Kind Of Shareholder Appears On The Kitex Garments Limited's (NSE:KITEX) Shareholder Register?
The big shareholder groups in Kitex Garments Limited (NSE:KITEX) have power over the company. … Kitex Garments is a smaller company with a market capitalization of ₹7.3b, so it may still be flying under the radar of many institutional investors. … We can zoom in on the different ownership groups, to learn more about KITEX
Simply Wall St - – Full articleKITEX Company Info
Description
Kitex Garments Limited manufactures fabric and readymade garments in India. The company primarily offers infant wear comprising body suits, rompters, bibs, burps, sleepwear, training pants, sleep n play products, gowns, skirts and skorts, panties, blankets, mitten/booties, diaper covers, and stretchy products. It also exports its products to the United States and Europe. The company was founded in 1992 and is based in Kochi, India.
Details
| Name: | Kitex Garments Limited |
| KITEX | |
| Exchange: | NSEI |
| Founded: | 1992 |
| ₹6,872,775,000 | |
| 66,500,000 | |
| Website: | http://www.kitexgarments.com |
| Address: |
Kitex Garments Limited Building No. 9/536 A, Kizhakkambalam, Kochi, Kerala, 683562, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 521248 | Equity Shares | Mumbai Stock Exchange | IN | INR | 31. Mar 1995 | |
| NSEI | KITEX | Equity Shares | National Stock Exchange of India | IN | INR | 31. Mar 1995 |
Number of employees
Current staff
Industry
| Apparel, Accessories and Luxury Goods | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/20 12:52 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2018/05/18 |
| Last earnings filing: | 2018/07/30 |
| Last earnings reported: | 2018/03/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
