Kitex Garments Ltd
NSE: KITEX · Garments & Apparels · sector
₹110.56NSE close 2026-10-26
Key numbers
Market cap₹2,206 cr
Price₹110.56
52w high / low₹233 / ₹111
P/E–Sector median 15.0x
P/B2.1xSector median 1.5x
Book value₹51.6
Dividend yield0.45%Sector median 0.84%
ROE-2.8%Sector median 10.6%
ROCE1.0%Sector median 9.9%
OPM3.5%Sector median 8.6%
Debt / equity1.16xSector median 0.33x
EV/EBITDA148.7xSector median 9.3x
Interest cover0.4x
Current ratio1.50x
Sales growth 3y+6.2%Sector median +6.2%
Profit growth 3y–Sector median +11.5%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 43 companies in Garments & Apparels (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹152 cr vs borrowings ₹1,199 cr (FY26): borrowings are higher by ₹1,047 cr.
- Borrowings rose in each of the last 3 years (₹25 cr → ₹1,199 cr).
- Operating profit covered interest 0.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY24, FY22).
- Net loss in 4 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Debtor days went from 152 (FY24) to 68 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹110.56 on 2026-10-26: -52.5% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹839.00 · low ₹110.56
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 216 | 276 | 300 | 197 | 122 | 182 | 166 | 158 |
| EBITDA | 55 | 54 | 51 | 34 | 2 | 8 | 2 | 10 |
| OPM % | 25.4% | 19.7% | 17.0% | 17.4% | 1.3% | 4.7% | 1.0% | 6.4% |
| Other income | 3 | 8 | 5 | 1 | 12 | 5 | 34 | 8 |
| Net profit | 37 | 41 | 33 | 21 | -2 | -9 | -9 | -9 |
| EPS (₹) | 1.87 | 2.06 | 1.66 | 1.04 | -0.08 | -0.47 | -0.20 | -0.45 |
| Revenue YoY | -43.4% | -34.1% | -44.6% | -19.5% | ||||
| Profit YoY | -104.2% | -122.9% | -128.1% | -143.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 788 | 557 | 617 | 983 | 667 | 629 |
| EBITDA | 171 | 61 | 101 | 201 | 46 | 22 |
| Net profit | 125 | 57 | 56 | 139 | -13 | -29 |
| EPS (₹) | 6.27 | 2.85 | 2.82 | 6.95 | 0.30 | -1.20 |
| Revenue growth | -29.3% | +10.8% | +59.3% | -32.1% | -36.4% | |
| Profit growth | -54.5% | -1.0% | +146.3% | -109.5% | -122.1% | |
| Dividend / share (₹) | 1.50 | 1.50 | 1.50 | 1.50 | 0.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.2% | +7.9% | -36.4% |
| Net profit | – | – | -122.1% |
| EPS | -52.8% | -35.7% | – |
| Share price | – | -15.6% (2y) | -38.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 858 | 905 | 1,033 | 1,030 |
| Borrowings | – | 25 | 681 | 1,082 | 1,199 |
| Cash & equivalents | – | 101 | 69 | 68 | 152 |
| Total assets | – | 1,134 | 1,925 | 2,587 | 3,042 |
| Fixed assets | – | 263 | 244 | 232 | 1,142 |
| Capital work in progress | – | 292 | 886 | 1,391 | 946 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 203 | 257 | 340 | 125 |
| Inventory | – | 117 | 164 | 191 | 151 |
| Payables | – | 42 | 55 | 77 | 55 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 3 | 295 | -38 | 54 | 346 |
| Cash from investing | -61 | -534 | -607 | -455 | -341 |
| Cash from financing | 60 | -63 | 650 | 390 | 64 |
| Capex | 27 | 416 | 617 | 505 | 328 |
| Free cash flow | -24 | -121 | -655 | -451 | 18 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 6.6% | 6.2% | 13.4% | -1.3% |
| ROCE % | – | 9.5% | 5.9% | 9.6% | 2.4% |
| Debtor days | – | 133 | 152 | 126 | 68 |
| Inventory days | – | 161 | 235 | 165 | 165 |
| Payable days | – | 58 | 79 | 67 | 61 |
| Cash conversion cycle (days) | – | 236 | 308 | 224 | 172 |
| Working capital days | – | 242 | 248 | 163 | 95 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 56.66% |
| FIIs | 0.87% |
| DIIs | 0.12% |
| of which Mutual funds | 0.12% |
| Government | 0.00% |
| Public (non-institutions) | 42.36% |
| Quarter | Jan 2025 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% | 56.66% |
| Promoter group | % |
|---|---|
| Sabu M Jacob | 34.18% |
| Kitex Childrenswear Limited | 15.92% |
| Renjitha Joseph | 6.51% |
| Boby M Jacob | 0.05% |
| Public holders above 1% | % |
|---|---|
| Jineesh Nath C K | 7.23% |
| Usha Changaramkandath Padmanabhan | 1.57% |
98,142 shareholders. Pledged: 0.00% of promoter shares.
Peers in Garments & Apparels
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PAGEIND | ₹37,823 cr | 50.0x | 25.2x | 52.0% | 70.2% | 20.8% | +3.1% | 1.77% |
| ARVIND | ₹12,646 cr | 30.5x | 3.1x | 10.6% | 14.2% | 10.5% | +3.5% | 0.82% |
| PGIL | ₹11,177 cr | 36.0x | 7.7x | 23.7% | 21.2% | 9.6% | +16.7% | 0.54% |
| GOKEX | ₹4,743 cr | 46.0x | 2.2x | 4.9% | 8.9% | 8.8% | +21.5% | – |
| LUXIND | ₹3,206 cr | 30.1x | 1.8x | 5.7% | 7.5% | 6.2% | +7.2% | 0.05% |
| SBC | ₹3,034 cr | 75.0x | 30.3x | 47.3% | 15.2% | 8.6% | +27.2% | – |
| KKCL | ₹2,604 cr | 17.6x | 2.8x | 16.8% | 22.9% | 19.9% | +15.9% | 0.96% |
| KITEX | ₹2,206 cr | – | 2.1x | -2.8% | 1.0% | 3.5% | +6.2% | 0.45% |
| SPAL | ₹2,085 cr | 19.8x | 2.2x | 11.7% | 14.3% | 14.1% | +13.6% | 0.24% |
| CANTABIL | ₹2,081 cr | 21.4x | 4.3x | 22.4% | 37.4% | 31.5% | +15.6% | 0.50% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-18 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-09-10 | Dividend | Dividend - Re 0.50 Per Share |
| 2025-01-17 | Bonus | Bonus 2:1 |
| 2024-09-20 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2023-09-22 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2022-08-19 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2021-08-30 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2020-09-22 | Other | Annual General Meeting |
| 2020-02-18 | Dividend | Interim Dividend - Re 1.50 Per Share |
| 2019-08-19 | Dividend | Dividend - Rs 1.50 Per Share |
| 2018-07-19 | Dividend | Annual General Meeting/Dividend- Re 0.75 Per Share |
| 2017-11-16 | Dividend | Interim Dividend - Re 0.75 Per Share |
| 2017-06-22 | Bonus | Bonus 2:5 |
| 2017-06-09 | Dividend | Annual General Meeting/Dividend - Re 0.75 Per Share |
| 2016-11-17 | Dividend | Interim Dividend Re 0.75 Per Share |
| 2016-06-02 | Dividend | Annual General Meeting/ Dividend -Re 0.75/- Per Share |
| 2015-10-29 | Dividend | Interim Dividend - Re 0.75/- Per Share |
| 2015-05-25 | Dividend | Annual General Meeting/ Dividend - Rs 1.25/- Per Share |
| 2014-05-07 | Dividend | Annual General Meeting/Dividend Re 1/- Per Share |
| 2013-05-07 | Dividend | Annual General Meeting / Dividend Re.0.80 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Textile Manufacturing: Manufacturing of knitted fabrics and infant garments and exporting of infant garments
| Sector | Consumer Discretionary |
| Industry | Garments & Apparels |
| Sub-industry | Garments & Apparels |
| Symbol | KITEX |
| BSE code | 521248 |
| ISIN | INE602G01020 |
| Face value | ₹1.0 |
| Incorporated | 1992-05-29 |
| Website | www.kitexgarments.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.