KITEX

Kitex Garments Limited

Infant and kids apparel manufacturer with integrated textile-to-garment operations

Consumer Discretionary›Textiles›Textiles & Apparels›Garments & Apparels

kitexgarments.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹122.20
Market cap
2,438 Cr
Stock P/E
Loss (TTM EPS ₹-1.20)
P/B
2.37
Dividend yield
0.4%
ROE (FY26)
0.5%
ROCE (FY26)
2.2%
Operating margin (FY26)
-2.4%
Debt / equity (FY26)
1.16
OCF / EBITDA (FY26)
1218.6%
OCF / EBITDA (3Y)
109.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Kitex (Kitex Garments) manufactures infant and children's garments, mainly for large international retailers, from integrated plants that run from textile processing to finished garments in Kerala and Telangana.

Company snapshot

8thBy market cap

Ranked among 31 companies in Garments & Apparels.

What we see

Positives
  • ✓110% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales134 Cr164 Cr173 Cr190 Cr216 Cr276 Cr300 Cr197 Cr122 Cr182 Cr166 Cr158 Cr
Operating expenses (approx.)115 Cr132 Cr139 Cr150 Cr161 Cr222 Cr249 Cr163 Cr138 Cr174 Cr164 Cr148 Cr
EBITDA19 Cr33 Cr35 Cr40 Cr55 Cr54 Cr51 Cr34 Cr-16 Cr8 Cr2 Cr10 Cr
OPM %14.5%19.9%19.9%21.2%25.4%19.7%17.0%17.4%-13.1%4.7%1.0%6.4%
Other income6 Cr3 Cr3 Cr3 Cr3 Cr8 Cr5 Cr0.72 Cr12 Cr5 Cr34 Cr8 Cr
Interest2 Cr2 Cr3 Cr2 Cr3 Cr4 Cr5 Cr4 Cr8 Cr13 Cr21 Cr14 Cr
Depreciation5 Cr5 Cr5 Cr5 Cr4 Cr4 Cr3 Cr3 Cr8 Cr13 Cr20 Cr18 Cr
Profit before tax19 Cr28 Cr30 Cr36 Cr50 Cr55 Cr48 Cr28 Cr-2 Cr-12 Cr-5 Cr-13 Cr
Tax %28.7%46.5%33.8%26.5%27.0%26.7%33.3%31.5%-170.8%-37.5%-81.1%-28.2%
Net profit13 Cr15 Cr20 Cr27 Cr37 Cr41 Cr32 Cr19 Cr-6 Cr-17 Cr-9 Cr-17 Cr
EPS (₹)₹2.00₹2.25₹3.03₹4.11₹5.61₹6.17₹1.66₹1.04₹-0.08₹-0.47₹-0.20₹-0.45

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales546 Cr557 Cr607 Cr739 Cr455 Cr788 Cr557 Cr617 Cr983 Cr667 CrSign in free for the trailing twelve months
Operating expenses (approx.)376 Cr423 Cr468 Cr607 Cr355 Cr618 Cr496 Cr516 Cr782 Cr639 CrSign in free for the trailing twelve months
EBITDA170 Cr134 Cr139 Cr132 Cr100 Cr171 Cr61 Cr101 Cr201 Cr28 CrSign in free for the trailing twelve months
OPM %31.1%24.1%22.9%17.9%22.0%21.7%10.9%16.3%20.4%4.3%Sign in free for the trailing twelve months
Other income3 Cr3 Cr22 Cr39 Cr4 Cr27 Cr44 Cr14 Cr19 Cr52 CrSign in free for the trailing twelve months
Interest9 Cr6 Cr4 Cr7 Cr3 Cr4 Cr4 Cr7 Cr14 Cr45 CrSign in free for the trailing twelve months
Depreciation22 Cr23 Cr27 Cr26 Cr23 Cr21 Cr21 Cr21 Cr16 Cr45 CrSign in free for the trailing twelve months
Profit before tax133 Cr101 Cr120 Cr138 Cr79 Cr173 Cr79 Cr87 Cr190 Cr8 CrSign in free for the trailing twelve months
Tax %37.5%37.1%40.6%25.0%31.2%27.5%28.2%35.6%28.4%257.2%Sign in free for the trailing twelve months
Net profit83 Cr64 Cr71 Cr103 Cr54 Cr125 Cr57 Cr56 Cr136 Cr-13 CrSign in free for the trailing twelve months
EPS (₹)₹12.55₹9.56₹10.74₹15.54₹8.16₹18.82₹8.56₹8.47₹6.95₹0.30Sign in free for the trailing twelve months
Dividend payout %————0.2%8.0%0.0%18.0%7.4%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital5 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr20 Cr20 Cr
Reserves440 Cr492 Cr557 Cr640 Cr689 Cr806 Cr852 Cr898 Cr1,013 Cr1,010 Cr
Borrowings3 Cr0.92 Cr87 Cr96 Cr—73 Cr25 Cr681 Cr1,082 Cr1,199 Cr
Other liabilities107 Cr100 Cr108 Cr98 Cr92 Cr108 Cr132 Cr212 Cr294 Cr604 Cr
Total liabilities555 Cr600 Cr758 Cr840 Cr787 Cr994 Cr1,134 Cr1,925 Cr2,587 Cr3,042 Cr
Fixed assets (net)172 Cr171 Cr214 Cr233 Cr227 Cr242 Cr263 Cr244 Cr232 Cr1,142 Cr
CWIP14 Cr32 Cr38 Cr20 Cr20 Cr12 Cr292 Cr886 Cr1,391 Cr946 Cr
Investments0.65 Cr9 Cr0.07 Cr5 Cr0.03 Cr0.02 Cr0.03 Cr0.09 Cr0.07 Cr0.07 Cr
Inventories40 Cr88 Cr129 Cr130 Cr134 Cr155 Cr117 Cr164 Cr191 Cr151 Cr
Trade receivables131 Cr123 Cr165 Cr252 Cr178 Cr314 Cr203 Cr257 Cr340 Cr125 Cr
Cash & bank130 Cr93 Cr94 Cr95 Cr104 Cr108 Cr46 Cr50 Cr39 Cr114 Cr
Other assets66 Cr84 Cr118 Cr105 Cr124 Cr163 Cr213 Cr324 Cr394 Cr564 Cr
Total assets555 Cr600 Cr758 Cr840 Cr787 Cr994 Cr1,134 Cr1,925 Cr2,587 Cr3,042 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity45 Cr29 Cr9 Cr—116 Cr3 Cr295 Cr-38 Cr54 Cr346 Cr
Cash from investing-34 Cr-52 Cr-78 Cr—-8 Cr-61 Cr-534 Cr-607 Cr-455 Cr-341 Cr
Cash from financing-120 Cr-15 Cr72 Cr—-99 Cr60 Cr-63 Cr650 Cr390 Cr64 Cr
Net cash flow-110 Cr-39 Cr3 Cr—10 Cr4 Cr-302 Cr4 Cr-10 Cr75 Cr
Free cash flow (OCF − Capex)17 Cr-11 Cr-69 Cr—107 Cr-24 Cr-121 Cr-655 Cr-451 Cr18 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %31.9%21.4%19.1%19.5%11.7%19.9%8.4%5.5%8.9%2.2%
ROE %18.8%12.7%12.7%16.0%7.8%15.4%5.8%5.5%11.5%0.5%
Debtor days87809912414214513315212668
Inventory days70126166150250150177201158184
Days payable78635454776063686467
Cash conversion cycle79143211220315235247286220184
OCF / EBITDA %26.3%21.4%6.2%—115.8%1.8%485.1%-38.1%27.0%1218.6%
OCF / EBITDA % (3 years)——18.5%———124.9%78.3%86.0%109.8%
Debt / equity0.00710.00180.150.15—0.090.030.751.051.16
Current ratio———3.257.424.265.053.592.531.50
Net debt / EBITDA-0.75-0.68-0.050.01-1.04-0.20-0.346.285.2038.24