Kewal Kiran Clothing
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Kewal Kiran Clothing Limited designs, manufactures, markets, and retails a range of apparel products for men and women in Asia, in the Middle East, and the Commonwealth of Independent States. The last earnings update was 273 days ago. More info.
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KKCL Share Price and Events
7 Day Returns
1 Year Returns
KKCL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Kewal Kiran Clothing (KKCL) | -1.3% | 0.1% | 1.2% | -20.8% | -28.7% | -1.3% |
| 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
- KKCL underperformed the Luxury industry which returned -3.2% over the past year.
- KKCL underperformed the Market in India which returned -0.7% over the past year.
Value
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
Kewal Kiran Clothing
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 Kewal Kiran Clothing.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 14.7% |
| 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%) (2.99%)) |
0.828 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.83 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.828 * 8.6%) |
14.67% |
Discounted Cash Flow Calculation for NSEI:KKCL using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Kewal Kiran Clothing 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 (@ 14.67%) |
|
|---|---|---|---|
| 2019 | 309.99 | Est @ -28.37% | 270.33 |
| 2020 | 255.45 | Est @ -17.6% | 194.27 |
| 2021 | 229.77 | Est @ -10.05% | 152.38 |
| 2022 | 218.81 | Est @ -4.77% | 126.55 |
| 2023 | 216.46 | Est @ -1.07% | 109.17 |
| 2024 | 219.73 | Est @ 1.51% | 96.64 |
| 2025 | 227.03 | Est @ 3.32% | 87.08 |
| 2026 | 237.46 | Est @ 4.59% | 79.43 |
| 2027 | 250.47 | Est @ 5.48% | 73.06 |
| 2028 | 265.75 | Est @ 6.1% | 67.60 |
| Present value of next 10 years cash flows | ₹1,256.51 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ₹265.75 × (1 + 7.55%) ÷ (14.67% – 7.55%) |
₹4,013.75 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ₹4,013.75 ÷ (1 + 14.67%)10 |
₹1,020.99 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ₹1,256.51 + ₹1,020.99 |
₹2,277.50 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹2,277.50 / 12.33 |
₹184.79 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in NSEI:KKCL
represents 0.96122x
of
BSE:532732
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.96122x |
| Value per Share (Listing Adjusted, INR) |
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 184.79 x 0.96122 |
₹177.62 |
| Value per share (INR) | From above. | ₹177.62 |
| Current discount | Discount to share price of
₹1,259.20
= -1 x (₹1,259.20 - ₹177.62) / ₹177.62 |
-608.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Kewal Kiran Clothing 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 Kewal Kiran Clothing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Kewal Kiran Clothing'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 | ₹59.38 |
| BSE:532732 Share Price ** | BSE (2019-04-18) in INR | ₹1310 |
| 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 Kewal Kiran Clothing.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:532732 Share Price ÷ EPS (both in INR) = 1310 ÷ 59.38 |
22.06x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kewal Kiran Clothing is overvalued based on earnings compared to the IN Luxury industry average.
- Kewal Kiran Clothing is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does
Kewal Kiran Clothing's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 22.06x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
-9.4%per year |
| 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 Kewal Kiran Clothing, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Kewal Kiran Clothing's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-03-31) in INR | ₹323.89 |
| BSE:532732 Share Price * | BSE (2019-04-18) in INR | ₹1310 |
| 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:532732 Share Price ÷ Book Value per Share (both in INR) = 1310 ÷ 323.89 |
4.04x |
* Primary Listing of Kewal Kiran Clothing.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kewal Kiran Clothing is overvalued based on assets compared to the IN Luxury industry average.
Value checks
We assess Kewal Kiran Clothing'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) Kewal Kiran Clothing has a total score of 0/6, 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.
Future Performance
- No analysts cover Kewal Kiran Clothing, future earnings growth has been estimated based on fundamentals.
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
- Kewal Kiran Clothing's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
- Kewal Kiran Clothing's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
- Kewal Kiran Clothing's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NSEI:KKCL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | -9.4% |
| NSEI:KKCL Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 7.8% |
| 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 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 5,811 | 1 | ||
| 2020-03-31 | 5,426 | 875 | 2 | |
| 2019-03-31 | 5,000 | 570 | 2 |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-03-31 | 4,603 | 556 | 732 |
| 2017-03-31 | 4,665 | 799 | 745 |
| 2016-03-31 | 4,573 | 467 | 679 |
| 2015-12-31 | 4,349 | 676 | |
| 2015-09-30 | 4,271 | 673 | |
| 2015-06-30 | 4,151 | 675 |
*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 2 Analyst Estimates (S&P Global) | See Below |
All data from Kewal Kiran Clothing 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 |
|---|---|---|---|---|
| 2021-03-31 | ||||
| 2020-03-31 | ||||
| 2019-03-31 |
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-03-31 | 59.38 |
| 2017-03-31 | 60.48 |
| 2016-03-31 | 55.09 |
| 2015-12-31 | 54.83 |
| 2015-09-30 | 54.65 |
| 2015-06-30 | 54.77 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Kewal Kiran Clothing'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)
Kewal Kiran Clothing has a total score of 1/6, 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.
Past Performance
How has Kewal Kiran Clothing performed over the past 5 years?
- Kewal Kiran Clothing's last earnings update was 273 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 Kewal Kiran Clothing's year on year earnings growth rate was positive over the past 5 years.
- Kewal Kiran Clothing's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Kewal Kiran Clothing'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 Kewal Kiran Clothing 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 | 4,602.75 | 731.87 | 1,196.00 | |
| 2017-03-31 | 4,665.00 | 745.47 | 1,144.66 | |
| 2016-03-31 | 4,572.96 | 678.95 | 1,113.51 | |
| 2015-12-31 | 4,348.54 | 675.65 | 1,087.55 | |
| 2015-09-30 | 4,271.04 | 673.35 | 1,050.55 | |
| 2015-06-30 | 4,151.34 | 674.75 | 1,021.45 | |
| 2015-03-31 | 4,083.24 | 662.45 | 975.05 | |
| 2014-12-31 | 3,926.05 | 655.38 | 949.40 | |
| 2014-09-30 | 3,912.15 | 657.18 | 945.00 | |
| 2014-06-30 | 3,779.30 | 649.80 | 941.10 | |
| 2014-03-31 | 3,665.71 | 670.28 | 871.87 | |
| 2013-12-31 | 3,546.42 | 628.27 | 834.84 | |
| 2013-09-30 | 3,451.12 | 642.07 | 790.74 | |
| 2013-06-30 | 3,202.70 | 583.30 | 805.10 | |
| 2013-03-31 | 3,029.93 | 534.17 | 757.40 | |
| 2012-12-31 | 2,925.98 | 493.31 | 748.47 | |
| 2012-09-30 | 2,800.28 | 460.81 | 729.17 | |
| 2012-06-30 | 2,894.18 | 467.91 | 733.87 |
*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.
- Kewal Kiran Clothing has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Kewal Kiran Clothing used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
- Kewal Kiran Clothing's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Kewal Kiran Clothing'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)
Kewal Kiran Clothing 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.
Health
How is Kewal Kiran Clothing'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 Kewal Kiran Clothing's finances.
The net worth of a company is the difference between its assets and liabilities.
- Kewal Kiran Clothing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Kewal Kiran Clothing'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 7.3x 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 Kewal Kiran Clothing Company Filings, last reported 1 year ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-03-31 | 3,991.91 | 482.97 | 1,548.40 |
| 2017-03-31 | 3,741.14 | 405.05 | 1,413.89 |
| 2016-03-31 | 2,987.37 | 288.88 | 1,244.03 |
| 2015-12-31 | 2,895.50 | 218.70 | 1,169.80 |
| 2015-09-30 | 3,033.70 | 312.40 | 894.80 |
| 2015-06-30 | 2,792.40 | 200.10 | 432.80 |
| 2015-03-31 | 3,198.06 | 113.53 | 804.08 |
| 2014-12-31 | 3,050.60 | 74.00 | 621.50 |
| 2014-09-30 | 3,020.20 | 126.50 | 555.50 |
| 2014-06-30 | 3,003.80 | 179.40 | 2,030.10 |
| 2014-03-31 | 2,906.04 | 118.77 | 1,983.64 |
| 2013-12-31 | 2,792.80 | 133.60 | 1,878.80 |
| 2013-09-30 | 2,787.50 | 209.70 | 1,808.40 |
| 2013-06-30 | 2,660.40 | 172.30 | 1,790.20 |
| 2013-03-31 | 2,538.57 | 140.91 | 1,789.65 |
| 2012-12-31 | 2,431.30 | 72.10 | 1,468.80 |
| 2012-09-30 | 2,404.30 | 146.70 | 1,350.10 |
| 2012-06-30 | 2,328.20 | 140.10 | 1,367.60 |
- Kewal Kiran Clothing's level of debt (12.1%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (5.6% vs 12.1% today).
- Debt is well covered by operating cash flow (115%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 23.3x coverage).
Financial health checks
We assess Kewal Kiran Clothing'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) Kewal Kiran Clothing has a total score of 5/6, 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.
Dividends
What is Kewal Kiran Clothing'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
Kewal Kiran Clothing
shares you are expected to receive
₹49
in your first year as a dividend.
Dividend Amount
- Kewal Kiran Clothing's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
- Kewal Kiran Clothing's dividend is above 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 2 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 |
|---|---|---|
| 2021-03-31 | ||
| 2020-03-31 | ||
| 2019-03-31 |
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-07 | 32.000 | 2.486 |
| 2018-07-23 | 33.000 | 2.515 |
| 2018-04-24 | 33.000 | 2.235 |
| 2018-03-14 | 31.500 | 2.006 |
| 2017-07-31 | 19.000 | 1.091 |
| 2017-05-15 | 19.000 | 1.092 |
| 2017-04-25 | 19.000 | 1.073 |
| 2016-05-23 | 25.000 | 1.391 |
| 2016-02-08 | 16.000 | 0.889 |
| 2015-07-23 | 25.000 | 1.187 |
| 2015-05-14 | 25.000 | 1.167 |
| 2014-08-04 | 21.000 | 1.129 |
| 2014-05-12 | 21.000 | 1.363 |
| 2013-08-02 | 17.500 | 1.780 |
| 2013-05-11 | 17.500 | 2.231 |
| 2013-02-14 | 26.000 | 3.646 |
| 2012-11-07 | 28.000 | 3.942 |
| 2012-07-12 | 17.000 | 2.786 |
| 2012-05-10 | 17.000 | 2.936 |
| 2011-10-20 | 11.000 | 1.644 |
| 2011-05-26 | 10.500 | 1.473 |
| 2011-01-31 | 13.000 | 2.456 |
| 2010-10-27 | 13.000 | 2.227 |
| 2010-05-13 | 6.000 | 1.719 |
| 2009-06-01 | 3.000 | 1.465 |
| 2009-05-22 | 3.000 | 2.191 |
| 2009-04-21 | 4.000 | 3.816 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Kewal Kiran Clothing's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.8x 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 Kewal Kiran Clothing'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 Kewal Kiran Clothing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Kewal Kiran Clothing 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.
Management
CEO
| COMPENSATION | ₹7,989,600 |
| AGE | 56 |
| TENURE AS CEO | 13.3 years |
CEO Bio
Mr. Kewalchand Pukhraj Jain has been the Chairman of the Board and Managing Director at Kewal Kiran Clothing Limited since December 3, 2005. Mr. Jain heads the finance functions of Kewal Kiran and is responsible for its overall management affairs. He serves as Treasurer of Shree Jain Vyapar Udyog Seva Sansthan. He serves as a Director of Kewal Kiran Clothing Limited. Mr. Jain serves as a Trustee of Jatnobai Karmchandji Ratanparia Chauhan Charitable Trust. Mr. Jain is hands-on Manager and a keen student of Finance.
CEO Compensation
- Kewalchand's compensation has been consistent with company performance over the past year.
- Kewalchand's remuneration is lower than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Kewal Kiran Clothing management team in years:
- The tenure for the Kewal Kiran Clothing management team is about average.
Management Team
Kewalchand Jain
Chairman & MD
₹8M
56
13.3 yrs
Bhavin Sheth
CFO & Chief Investor Relations Officer
₹5M
42
3.2 yrs
Vikas Jain
Head of Operations & Distribution and Whole Time Director
₹8M
48
Abhijit Warange
VP of Legal
₹4M
40
3.2 yrs
Hemant Jain
Whole Time Director
₹8M
53
Dinesh Jain
Head of Manufacturing Operations & Whole Time Director
₹8M
49
Pankaj Jain
President of Retail Division
33
10.5 yrs
Sanjeev Chauhan
Head of Human Resource
51
4.9 yrs
Ashish Barodia
Head Operations of Easies
₹463K
45
5 yrs
Hitendra Jain
General Manager of Addictions
₹1M
Board of Directors Tenure
Average tenure and age of the Kewal Kiran Clothing board of directors in years:
- The average tenure for the Kewal Kiran Clothing board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Kewalchand Jain
Chairman & MD
₹8M
56
13.3 yrs
Vikas Jain
Head of Operations & Distribution and Whole Time Director
₹8M
48
21.5 yrs
Hemant Jain
Whole Time Director
₹8M
53
27.3 yrs
Dinesh Jain
Head of Manufacturing Operations & Whole Time Director
₹8M
49
21.5 yrs
Nimish Pandya
Non-Executive Independent Director
₹660K
65
13.4 yrs
Yogesh Thar
Non-Executive Independent Director
₹760K
56
6.2 yrs
Prakash Mody
Non-Executive Independent Director
₹300K
65
13.4 yrs
Drushti Desai
Non-Executive Independent Director
₹760K
45
4.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Kewal Kiran Clothing'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) Kewal Kiran Clothing 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.
News
Simply Wall St News
What Did Kewal Kiran Clothing Limited's (NSE:KKCL) CEO Take Home Last Year?
Kewalchand Jain has been the CEO of Kewal Kiran Clothing Limited (NSE:KKCL) since 2005. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … At the time of writing our data says that Kewal Kiran Clothing Limited has a market cap of ₹16b, and is paying total annual CEO compensation of ₹8.0m.
Simply Wall St - – Full articleDid Changing Sentiment Drive Kewal Kiran Clothing's Share Price Down By 38%?
We regret to report that long term Kewal Kiran Clothing Limited (NSE:KKCL) shareholders have had that experience, with the share price dropping 38% in three years, versus a market return of about 47%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the unfortunate three years of share price decline, Kewal Kiran Clothing actually saw its earnings per share (EPS) improve by 3.4% per year.
Simply Wall St - – Full articleIs Kewal Kiran Clothing Limited’s (NSE:KKCL) 23% ROCE Any Good?
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleInterested In Kewal Kiran Clothing Limited (NSE:KKCL)’s Upcoming ₹10.00 Dividend? You Have 2 Days Left
Kewal Kiran Clothing Limited (NSE:KKCL) will be distributing its dividend of ₹10.00 per share on the 22 February 2019, and will start trading ex-dividend in 2 days time on the 01 February 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Kewal Kiran Clothing's latest financial data to analyse its dividend characteristics. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?
Simply Wall St - – Full articleIs Kewal Kiran Clothing Limited (NSE:KKCL) A Smart Choice For Dividend Investors?
Historically, Kewal Kiran Clothing Limited (NSE:KKCL) has paid a dividend to shareholders. … Does Kewal Kiran Clothing tick all the boxes of a great dividend stock? … See our latest analysis for Kewal Kiran Clothing?
Simply Wall St - – Full articleHow Kewal Kiran Clothing Limited's (NSE:KKCL) Earnings Growth Stacks Up Against The Industry
Understanding how Kewal Kiran Clothing Limited (NSE:KKCL) is performing as a company requires looking at more than just a years' earnings. … Today I will run you through a basic sense check to gain perspective on how Kewal Kiran Clothing is doing by comparing its latest earnings with its long-term trend as well as the performance of its luxury industry peers. … See our latest analysis for Kewal Kiran Clothing?
Simply Wall St - – Full articleBefore Investing In Kewal Kiran Clothing Limited (NSE:KKCL), Consider This
I will take you through Kewal Kiran Clothing’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Kewal Kiran Clothing generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … I will be analysing Kewal Kiran Clothing’s FCF by looking at its FCF yield and its operating cash flow growth.
Simply Wall St - – Full articleShould You Be Pleased About The CEO Pay At Kewal Kiran Clothing Limited's (NSE:KKCL)
Kewalchand Jain has been the CEO of Kewal Kiran Clothing Limited (NSE:KKCL) since 2005. … How Does Kewalchand Jain's Compensation Compare With Similar Sized Companies … Our data indicates that Kewal Kiran Clothing Limited is worth ₹16b, and total annual CEO compensation is ₹8.0m.
Simply Wall St - – Full articleIs Kewal Kiran Clothing Limited's (NSE:KKCL) Balance Sheet Strong Enough To Weather A Storm?
Kewal Kiran Clothing Limited (NSE:KKCL) is a small-cap stock with a market capitalization of ₹15.7b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is.
Simply Wall St - – Full articleShould We Be Delighted With Kewal Kiran Clothing Limited's (NSE:KKCL) ROE Of 18%?
We'll use ROE to examine Kewal Kiran Clothing Limited (NSE:KKCL), by way of a worked example. … Our data shows Kewal Kiran Clothing has a return on equity of 18% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCompany Info
Description
Kewal Kiran Clothing Limited designs, manufactures, markets, and retails a range of apparel products for men and women in Asia, in the Middle East, and the Commonwealth of Independent States. It offers casual, formal, and semi-formal wear; jeans, trousers, chinos, shirts, T-shirts, and jackets; and lifestyle products, such as deodorants, watches, wallets, belts, and inner wear. The company distributes its products primarily under the Killer, Lawman Pg3, Integriti, Easies, and Addictions brands through K-Lounge stores, multi-brand outlets, exclusive brand outlets, and national chain stores, as well as e-commerce channels. It operates 318 K-Lounge stores. The company was founded in 1980 and is based in Mumbai, India.
Details
| Name: | Kewal Kiran Clothing Limited |
| KKCL | |
| Exchange: | NSEI |
| Founded: | 1980 |
| ₹16,145,798,470 | |
| 12,325,037 | |
| Website: | http://www.kewalkiran.com |
| Address: |
Kewal Kiran Clothing Limited Kewal Kiran Estate, 460/7, I. B. Patel Road, Mumbai, Maharashtra, 400063, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 532732 | Equity Shares | Mumbai Stock Exchange | IN | INR | 13. Apr 2006 | |
| NSEI | KKCL | Equity Shares | National Stock Exchange of India | IN | INR | 13. Apr 2006 |
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 12:48 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/10 |
| Last earnings filing: | 2018/07/21 |
| 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.
