Kitex Garments Limited (KITEX)

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Kitex Garments Limited (KITEX) · mywealthgrid

About

Kitex Garments Limited manufactures garments and apparel in the textiles sector. Market capitalization ₹2,678 Cr with quarterly revenues between ₹120–182 Cr indicates established operational scale. Company distributed regular dividends and bonus through 2025, though recent profitability remains highly volatile.

Face value: ₹1

Market cap

₹2,328 Cr

P/E

—

P/B

2.3×

Dividend yield

0.4%

ROE

-1.3%

ROCE

1.4%

Debt / equity

1.16

OPM

4.3%

EPS (TTM)

₹-2.5

Book value

₹51.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Earnings collapse and recovery without clear pattern: net profit swung from +₹11.16 Cr to −₹17.12 Cr within June 2026 quarters. Verify whether seasonal demand, execution inconsistency, or structural challenges drive volatility. - Operating margins average 4.26% and frequently turn negative (−13.08%, −9.75% in Sep 2025), leaving minimal buffer for cost shocks or debt service during downturns. - Negative ROE of −1.28% signals shareholder value destruction. Verify whether capital is deployed productively and whether consistent profitability can be achieved. - Debt-to-equity ratio of 1.16 amplifies solvency risk: thin margins leave little margin for error in loss-making quarters.

Generated analysis · source review pending

Growth drivers

Operating capability demonstrated in strong quarters—10.68% margin (June 2026) and 8.1% (December 2025)—shows execution potential; verify conditions that enabled performance and whether repeatable at scale. - Quarterly revenue base of ₹120–182 Cr provides foundation for potential expansion; verify whether unit economics support volume growth or pricing gains without margin compression. - Shareholder distributions from 2022–2025 show past cash generation periods; verify whether stabilized profitability can sustain or restore such returns.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹116.7+1%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 6.5% (3-yr avg)
−Thin operating margin of 4.3%
−Modest revenue growth of 7.9% a year over the last 5 years
−Weak interest coverage of 0.8×

Research score

Structured signal from quality, growth, valuation and momentum.

20/100

Business quality: 8
Growth: 8
Valuation: 44

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	607	739	455	788	557	617	983	667
COGS	246	321	195	367	265	255	422	334
Gross profit	360	418	261	421	292	362	560	333
	222	286	160	250	232	261	360	305
	139	132	100	171	61	101	201	28
OPM %	22.9%	17.9%	22%	21.7%	10.9%	16.3%	20.4%	4.3%
Depreciation	27	26	23	21	21	21	16	45
Interest	4	7	3	4	4	7	14	45
	22	39	4	27	44	14	19	70
Profit before tax	130	138	79	173	79	87	190	8
Tax	49	35	25	47	22	31	54	22
Tax %	37.5%	25%	31.2%	27.5%	28.2%	35.6%	28.4%	257.3%
	81	103	54	125	57	56	136	-13
PAT margin %	13.4%	14%	11.9%	15.9%	10.2%	9.1%	13.8%	-2%
EPS (₹)	—	15.5	8.2	18.8	8.6	8.5	7	0.3
EPS adjusted (₹)	4.1	5.1	2.7	6.3	2.9	2.8	7	-0.7
	—	9.7%	18.4%	8%	17.5%	17.7%	7.2%	166.7%
Annual report	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	7	7	7	7	7	7	20	20
Reserves	365	440	557	635	—	806	852	898	1,013	1,010
Minority interest	—	—	—	—	—	—	118	128	177	209
	92	3	87	96	—	73	25	681	1,083	1,199
	125	107	108	98	—	108	132	212	294	604
Total equity & liabilities	586	555	758	835	—	994	1,134	1,925	2,587	3,042
	183	173	214	234	227	243	264	244	232	1,142
CWIP	0	14	38	20	—	12	292	886	1,391	946
Investments	2	1	0	0	—	0	0	0	0	0
	401	368	506	581	—	739	578	795	964	954
Total assets	586	555	758	835	—	994	1,134	1,925	2,587	3,042

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	59.4%	56.5%	57.2%	53.4%	52.5%	58.6%	57%	50%
EBITDA margin %	22.9%	17.9%	22%	21.7%	10.9%	16.3%	20.4%	4.3%
EBIT margin %	18.4%	14.3%	16.9%	18.9%	7.1%	12.9%	18.8%	-2.4%
PAT margin %	13.4%	14%	11.9%	15.9%	10.2%	9.1%	13.8%	-2%
Working capital
Receivable days	99	124	—	145	133	152	126	68
Inventory days	191	148	—	154	161	235	165	165
Payable days	—	—	—	61	58	79	67	61
NWC days	—	—	—	238	237	308	224	173
Leverage
Current ratio	—	—	—	4.18	5.05	3.59	2.53	1.5
Debt to EBITDA	0.63	0.73	—	0.43	0.41	6.78	5.39	42.26
Debt to equity	0.15	0.15	—	0.09	0.03	0.75	1.05	1.16
Interest coverage	34.5	20.6	31.8	48.7	18.7	12.8	14.5	0.8
Asset turnover	0.8	0.89	—	0.79	0.49	0.32	0.38	0.22
Return ratios
Return on assets %	10.7%	12.4%	—	12.6%	5%	2.9%	5.2%	-0.4%
Return on capital employed %	18.7%	19.3%	—	21.2%	8.9%	6.7%	10%	1.4%
Return on equity %	14.4%	16.1%	—	15.4%	6.6%	6.2%	13.1%	-1.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%	56.66%
	0.66%	0.84%	0.96%	0.82%	0.74%	1.1%	0.9%	0.93%	1.16%	0.91%	0.88%	1.21%
	0%	0%	0%	0%	0%	0.4%	0.87%	0.9%	0.34%	0.16%	0.13%	0.12%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	42.68%	42.5%	42.38%	42.52%	42.6%	41.84%	41.57%	41.51%	41.84%	42.27%	42.33%	42.01%
No. of shareholders	—	—	—	—	—	—	—	—	98,214	97,407	1,00,555	99,677

Promoter holding up 0 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Saji KurianEmployees/Designated Employees	SellMarket Sale	10,000	₹18.57 L	0.01% → 0.01%	4 Oct 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

49 deals · 16 Dec 2021 – 17 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Jun 2026	C K G SUPER MARKET LIMITED	Bulk	NSE	Sell	13,93,926	₹155.20	₹21.63 Cr
4 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	14,91,251	₹221.78	₹33.07 Cr
4 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	14,91,251	₹221.64	₹33.05 Cr
20 Aug 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	4,42,246	₹357.16	₹15.80 Cr
20 Aug 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	3,29,672	₹356.19	₹11.74 Cr
19 Aug 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	7,35,829	₹362.09	₹26.64 Cr
19 Aug 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	7,19,995	₹363.37	₹26.16 Cr
19 Aug 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	5,84,836	₹360.14	₹21.06 Cr
19 Aug 2024	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	5,84,836	₹359.91	₹21.05 Cr
19 Aug 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	5,75,400	₹355.49	₹20.45 Cr

1–10 of 49

1 / 5

Mr. Sabu Meckamkunnel JacobExecutive Director-Chairperson-MD
Mrs. Sindhu ChandrasekharanExecutive Director
Mr. Kalpathy Lekshmi Venkitanarayanan NarayananNon-Executive - Non Independent Director
Mr. Amprayil Kurien MathewNon-Executive - Independent Director
Mrs. Sumi FrancisNon-Executive - Independent Director
Mr. Bijoy PhiliposeNon-Executive - Independent Director
Mr. Boby MichealChief Financial Officer
Mr. Bijoy PhiliposeNon - Executive Independent Director
Ms. Dayana JosephCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 2 fund houses

Held by these funds

0.11%

of the company's equity

All mutual funds

0.12%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

3 schemes · 2 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	2.21 L	2.81	0.11%	0.111%	-4,836
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	1,512	0.02	0.01%	0.001%	+7
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	249	0	0.01%	0%	+1

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

23

Final dividend18 Sept 2026 · ex-date₹0.5
Final dividend10 Sept 2025 · ex-date₹0.5
Final dividend20 Sept 2024 · ex-date₹1.5
Final dividend22 Sept 2023 · ex-date₹1.5
Final dividend19 Aug 2022 · ex-date₹1.5
Final dividend30 Aug 2021 · ex-date₹1.5
Interim dividend18 Feb 2020 · ex-date₹1.5
Final dividend19 Aug 2019 · ex-date₹1.5
Final dividend19 Jul 2018 · ex-date₹0.75
Interim dividend16 Nov 2017 · ex-date₹0.75
Final dividend9 Jun 2017 · ex-date₹0.75
Interim dividend17 Nov 2016 · ex-date₹0.75
Final dividend2 Jun 2016 · ex-date₹0.75
Interim dividend29 Oct 2015 · ex-date₹0.75
Dividend dividend25 May 2015 · ex-date₹1.25
Dividend dividend7 May 2014 · ex-date₹1
Dividend dividend7 May 2013 · ex-date₹0.8
Dividend dividend22 May 2012 · ex-date₹0.6
Dividend dividend24 May 2011 · ex-date₹0.4
Dividend dividend23 Dec 2010 · ex-date₹0.3
Dividend dividend23 Sept 2009 · ex-date₹0.25
Dividend dividend23 Sept 2008 · ex-date₹0.2
Dividend dividend24 Sept 2007 · ex-date₹0.15

1

Board meeting to consider results14 Aug 2026

2

Bonus 2:117 Jan 2025 · ex-date
Bonus 2:522 Jun 2017 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

60 announcementsExport CSV

28 Sept 2026, 5:18 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

22 Sept 2026, 5:57 pmCompany Update

Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015

General PDF

22 Sept 2026, 5:53 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

17 Sept 2026, 5:09 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

5 Sept 2026, 4:11 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

4 Sept 2026, 4:23 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 6:32 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

3 Sept 2026, 6:29 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
28 Sept 2026, 5:18 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
22 Sept 2026, 5:57 pm	Company Update General	Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	59.4%	56.5%	57.2%	53.4%	52.5%	58.6%	57%	50%
EBITDA margin %	22.9%	17.9%	22%	21.7%	10.9%	16.3%	20.4%	4.3%
EBIT margin %	18.4%	14.3%	16.9%	18.9%	7.1%	12.9%	18.8%	-2.4%
PAT margin %	13.4%	14%	11.9%	15.9%	10.2%	9.1%	13.8%	-2%
Working capital
Receivable days	99	124	—	145	133	152	126	68
Inventory days	191	148	—	154	161	235	165	165
Payable days	—	—	—	61	58	79	67	61
NWC days	—	—	—	238	237	308	224	173
Leverage
Current ratio	—	—	—	4.18	5.05	3.59	2.53	1.5
Debt to EBITDA	0.63	0.73	—	0.43	0.41	6.78	5.39	42.26
Debt to equity	0.15	0.15	—	0.09	0.03	0.75	1.05	1.16
Interest coverage	34.5	20.6	31.8	48.7	18.7	12.8	14.5	0.8
Asset turnover	0.8	0.89	—	0.79	0.49	0.32	0.38	0.22
Return ratios
Return on assets %	10.7%	12.4%	—	12.6%	5%	2.9%	5.2%	-0.4%
Return on capital employed %	18.7%	19.3%	—	21.2%	8.9%	6.7%	10%	1.4%
Return on equity %	14.4%	16.1%	—	15.4%	6.6%	6.2%	13.1%	-1.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Page Industries LimitedPAGEINDPAGEIND	₹41,059 Cr	₹41,071 Cr	₹5,351 Cr	₹1,147 Cr	22%	₹756 Cr	14.6%	65.7%	52.5%	138
Arvind LimitedARVINDARVIND	₹13,997 Cr	₹15,438 Cr	₹9,798 Cr	₹1,067 Cr	10.8%	₹414 Cr	4.6%	16.2%	10.6%	73
Pearl Global Industries LimitedPGILPGIL	₹5,835 Cr	₹6,522 Cr	₹5,325 Cr	₹515 Cr	9.2%	₹310 Cr	5.4%	24.9%	21.2%	55
Gokaldas Exports LimitedGOKEXGOKEX	₹5,049 Cr	₹6,026 Cr	₹4,185 Cr	₹371 Cr	8.9%	₹103 Cr	2.5%	9.9%	4.7%	155
Lux Industries LimitedLUXINDLUXIND	₹3,287 Cr	₹3,867 Cr	₹2,933 Cr	₹187 Cr	6.1%	₹102 Cr	3.6%	10%	5.8%	263
Kewal Kiran Clothing LimitedKKCLKKCL	₹2,930 Cr	₹2,978 Cr	₹1,258 Cr	₹250 Cr	19.6%	₹148 Cr	12.6%	18.9%	16.1%	201
Sbc Exports LimitedSBCSBC	₹2,788 Cr	₹3,015 Cr	₹452 Cr	₹41 Cr	8.3%	₹40 Cr	6.3%	44.4%	37.2%	143
S. P. Apparels LimitedSPALSPAL	₹2,348 Cr	₹2,749 Cr	₹1,576 Cr	₹226 Cr	13.8%	₹105 Cr	6.4%	18.9%	11.2%	156
Kitex Garments LimitedKITEXKITEX	₹2,328 Cr	₹3,527 Cr	₹629 Cr	₹4 Cr	4.3%	₹-50 Cr	-2%	1.4%	-1.3%	173
Cantabil Retail India LimitedCANTABILCANTABIL	₹1,878 Cr	₹1,878 Cr	₹873 Cr	₹275 Cr	31%	₹97 Cr	11.2%	19.6%	22%	337
Dollar Industries LimitedDOLLARDOLLAR	₹1,543 Cr	₹1,820 Cr	₹1,887 Cr	₹205 Cr	10.6%	₹112 Cr	5.7%	17.1%	11.9%	236
Monte Carlo Fashions LimitedMONTECARLOMONTECARLO	₹1,082 Cr	₹1,411 Cr	₹1,286 Cr	₹220 Cr	17.8%	₹105 Cr	8.8%	17.5%	12.9%	384

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	29	9	51	116	3	295	-38	54	346
	-52	-78	-29	-8	-61	-534	-607	-455	-341
	-15	72	-25	-99	60	-63	650	390	64
Net cash flow	-39	3	-2	9	2	-302	4	-10	68
Free cash flow	-11	-69	22	107	-24	-121	-655	-451	18
CFO / Operating profit %	—	6.2%	38.7%	115.8%	1.8%	485.1%	-38.1%	27%	—

Kitex Garments Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends23

Board meetings1

Bonus issues2

Announcements

Dividends23

Board meetings1

Bonus issues2

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

23

1

2

23

1

2