1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Kitex Garments Limited

Kitex Garments Limited

KITEX.BO
Kitex Garments LimitedIN flagBombay Stock Exchange
155.75
INR
-2.65
- -
31.14BMarket Cap
Kitex Garments Limited
KITEX.BO
(Bombay Stock Exchange)

Recent

price

155.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
12.14
15.64
15.89
22.17
25.62
27.36
34.02
25.63
28.23
34.81
21.45
37.41
26.48
28.9
49.23
- -
33.82
Revenue per Share
1.03
1.36
1.47
2.88
4.94
5.5
5.86
3.19
3.58
5.18
2.72
6.27
2.88
2.82
6.95
- -
0.3
Basic EPS, GAAP
-1.32
2.79
0.97
2.17
4.84
6.47
1.16
-0.54
-3.46
1.1
5.34
-1.86
-6.05
-32.85
-22.59
- -
- -
Free Cash Flow per Basic Share
0.08
0.11
0.17
0.22
0.28
0.56
0.61
0.51
0.3
1.2
0.01
0.5
0.5
0.5
0.5
- -
- -
Dividend per Share
0.24
4.39
5.49
7.78
11.78
16.06
16.53
14.11
16.88
19.78
21.51
26.34
27.65
28.96
34.38
- -
1.01
Book Value per Share
3.64
4.85
6.11
8.72
13.21
18.46
31.02
24.88
28.11
32.12
34.86
40.66
48.93
51.73
60.6
- -
62.82
Tangible Book Value per Share
200
200
200
200
200
200
142
200
200
200
200
200
200
200
200
- -
197
Basic Weighted Avg Shares
2,423
3,120
3,170
4,422
5,111
5,458
4,848
5,114
5,632
6,945
4,280
7,463
5,284
5,767
9,828
6,669
6,669
Sales/Revenue/Turnover
-0.15
17.53
16.39
19.35
29.22
30.77
32.16
22.02
20.69
16.04
18.39
20.21
10.45
14.22
18.83
-2.43
-2.43
Operating Margin (%)
69
69
86
97
213
213
218
234
273
265
231
214
212
207
157
446
446
Depreciation Expense
206
271
294
574
985
1,097
835
635
714
1,034
543
1,251
576
563
1,387
59
59
Net Income, GAAP
33.96
32.39
33.3
34.95
30.46
34.47
35.15
34.86
37.49
25.02
31.23
27.5
28.18
35.62
28.38
257.18
257.79
Effective Tax Rate (%)
8.52
8.69
9.27
12.97
19.28
20.1
17.21
12.43
12.69
14.88
12.68
16.77
10.89
9.77
14.12
0.89
0.89
Profit Margin (%)
748
-47
134
406
1,225
2,179
2,828
3,069
3,248
3,845
4,533
5,165
3,700
4,195
4,376
1,734
1,734
Working Capital
1,087
69
25
289
268
83
31
6
- -
- -
- -
- -
- -
6,047
9,200
9,806
9,806
LT Debt
736
974
1,224
1,742
2,639
3,696
4,446
4,987
5,635
6,414
6,958
8,122
9,767
10,321
12,098
12,389
12,389
Total Equity
-0.14
20.08
17.33
21.93
29.75
24.31
20.88
14.96
12.25
11.7
7.39
13.54
4.14
3.85
6.57
1.07
1.07
Return on Invested Capital (%)
26.29
26.97
15.58
26.98
34.36
29.71
26.37
25.11
20.51
23.62
12.11
24.78
9.46
5.88
9.11
-2.73
-2.75
Return on Capital (%)
434.37
58.75
29.82
43.33
50.48
39.5
30.02
24.58
23.11
28.27
13.18
26.22
10.69
9.97
21.95
1.67
1.67
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
2,163
- -
2,188
LT Borrowings
9,674
- -
9,806
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
200
- -
200
Market Capitalization
36,953
35,995
28,032

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
6,105
- -
5,182
Cash, Cash Equivalents & STI
1,561
- -
1,684
Accounts Receivable, Net
1,682
- -
1,246
Inventories
2,260
- -
1,509
Total Current Liabilities
3,694
- -
3,448
Payables & Accruals
- -
- -
- -
ST Debt
2,163
- -
2,188
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13%
12.46%
2.4%
Free Cash Flow
93.71%
79.76%
-103.96%
Net Income, GAAP
8.68%
24.99%
-95.74%
Sales/Revenue/Turnover
8.2%
18.52%
-32.14%
Total Cash Common Dividend
919.87%
1,809.19%
-0.5%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,458
1,458
1,641
1,328
5,767
2025
1,904
2,159
2,763
3,002
9,828
2026
1,967
1,221
1,820
1,662
6,669

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.39
0.75
- -
2.82
2025
1.37
1.87
2.06
1.66
6.95
2026
1.04
-0.08
-0.47
-0.2
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.5
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
- -
Similar Companies
KNT Holdings Limited (1025.HK)
Kontoor Brands, Inc. (KTB)
Shekhawati Poly-Yarn Limited (SPYL.BO)
Ralph Lauren Corporation (RL)
Kitex Garments Limited (KITEX.NS)
La Perla Fashion Holding N.V. (ALPER.PA)
Business
Kitex Garments Limited is a leading manufacturer and exporter of a diverse range of garments headquartered in Kochi, India. Founded in 1992, the company specializes in producing knitted and woven garments including infant wear, children’s wear, innerwear, outerwear, hosiery, shirts, pants, and jackets. Its product portfolio spans men's and women's apparel, leveraging high-quality fabrics such as 100% cotton, polyester blends, polar fleece, microfleece, and flame-retardant fleece. Kitex markets its products globally, with significant exports to the United States under brands including "Little Star," a strategic US brand recently launched in the Indian market. The company operates through subsidiaries including Kitex Childrenswear Limited and Kitex Apparel Parks Limited, and has a substantial manufacturing footprint with ongoing expansions in Telangana regions Warangal and Sitarampur. Kitex is also developing Kitex USA LLC to bolster its presence in North America. The firm is undertaking a major capacity expansion with a capital expenditure plan exceeding ₹3,300 crore aimed at scaling production and achieving annual revenues projected up to ₹5,000 crore at full capacity. Recent notable corporate developments include the Board of Directors' approval of the acquisition and merger of Kitex Childrenswear Limited into Kitex Garments Limited to streamline operations, improve efficiency, and consolidate its business structure. The company has also increased its authorized share capital to support long-term funding requirements for expansion and growth initiatives. These changes reflect Kitex's strategic focus on product portfolio diversification, capacity augmentation, and geographic expansion to mitigate trade uncertainties and tariffs impacting exports. Kitex continues to target infant and children’s wear markets prominently while expanding offerings in inner and outerwear segments globally.