Kitex Garments Limited (IN:KITEX)
:KITEX
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Kitex Garments Limited
(KITEX)
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Rating:42Neutral
Price Target:
₹141.00
▼(-22.80% Downside)
Action:Reiterated
Date:06/10/26
The score is pressured mainly by weakening financial performance (sharp FY2026 profitability drop, higher leverage, and mostly negative free cash flow) and bearish technicals (trading below key moving averages with negative MACD). Valuation further drags the score due to an extremely high P/E and a low dividend yield.
Positive Factors
Export-oriented infantwear niche
A focused export business in infant and children’s apparel gives Kitex structural demand exposure to stable, developed-market retail channels and long-term B2B contracts. Niche specialization supports repeat orders, manufacturing know-how and customer relationships that sustain volumes and pricing over time.
Negative Factors
Sharp revenue and margin deterioration
A steep revenue decline and collapse of net margin to near-breakeven indicate structural pressure on demand, pricing or utilization. Persistent top-line weakness and margin compression erode the firm's capacity to cover fixed costs and invest, threatening long-term profitability unless revenue stability is restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Export-oriented infantwear niche
A focused export business in infant and children’s apparel gives Kitex structural demand exposure to stable, developed-market retail channels and long-term B2B contracts. Niche specialization supports repeat orders, manufacturing know-how and customer relationships that sustain volumes and pricing over time.
Read all positive factors
Kitex Garments Limited (KITEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹32.16B
Dividend Yield0.27%
Average Volume (3M)159.10K
Price to Earnings (P/E)533.9
Beta (1Y)1.57
Revenue Growth-32.14%
EPS Growth-95.80%
CountryIN
Employees4,951
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)4.68
Shares Outstanding199,500,000
10 Day Avg. Volume88,365
30 Day Avg. Volume159,100
Financial Highlights & Ratios
PEG Ratio-4.96
Price to Book (P/B)2.72
Price to Sales (P/S)4.20
P/FCF Ratio-35.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kitex Garments Limited Business Overview & Revenue Model
Company Description
Kitex Garments Limited, along with its affiliated companies, operates in India, specializing in the production and sale of textiles and finished apparel. The company's primary offerings are diverse infant wear products, encompassing items such as ...
How the Company Makes Money
KITEX primarily makes money by manufacturing and selling finished apparel products—particularly knitted infantwear and children’s garments—to customers (largely in export markets). Revenue is generated on a business-to-business basis through purch...
Kitex Garments Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
52
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.95B | 6.67B | 9.83B | 5.77B | 5.36B | 7.46B |
| Gross Profit | 4.43B | 1.39B | 3.86B | 951.52M | 2.92B | 3.70B |
| EBITDA | 1.67B | 458.76M | 2.19B | 1.13B | 1.04B | 1.96B |
| Net Income | 932.92M | 59.09M | 1.39B | 563.31M | 575.54M | 1.25B |
Balance Sheet | ||||||
| Total Assets | 27.42B | 30.42B | 25.87B | 19.25B | 11.34B | 9.94B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 1.52B | 393.97M | 498.13M | 455.23M | 1.08B |
| Total Debt | 11.84B | 11.99B | 10.82B | 6.81B | 250.00M | 730.65M |
| Total Liabilities | 15.29B | 18.03B | 13.77B | 8.93B | 1.57B | 1.82B |
| Stockholders Equity | 10.42B | 10.30B | 10.33B | 9.05B | 8.58B | 8.12B |
Cash Flow | ||||||
| Free Cash Flow | -329.79M | -790.11M | -4.62B | -6.55B | -1.21B | -241.14M |
| Operating Cash Flow | 2.15B | 2.49B | 429.43M | -382.55M | 2.95B | 29.98M |
| Investing Cash Flow | -2.61B | -3.43B | -4.56B | -6.07B | -4.14B | -610.15M |
| Financing Cash Flow | 934.10M | 1.62B | 4.03B | 6.50B | 570.24M | 599.07M |
Kitex Garments Limited Technical Analysis
Neutral
182.65
Price Trends
161.98
Negative
168.55
Negative
181.20
Negative
Market Momentum
-3.11
Positive
47.24
Neutral
53.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KITEX, the sentiment is Neutral. The current price of 182.65 is above the 20-day moving average (MA) of 156.92, above the 50-day MA of 161.98, and above the 200-day MA of 181.20, indicating a bearish trend. The MACD of -3.11 indicates Positive momentum. The RSI at 47.24 is Neutral, neither overbought nor oversold. The STOCH value of 53.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:KITEX.
Kitex Garments Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹11.59B | 10.36 | ― | 2.83% | 15.95% | 38.04% | |
71 Outperform | ₹133.91B | 32.30 | ― | 1.18% | 11.70% | 17.01% | |
68 Neutral | ₹448.46B | 58.67 | ― | 1.71% | 6.32% | 4.76% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹57.59B | 57.35 | ― | ― | 3.19% | -38.40% | |
55 Neutral | ₹37.81B | 36.43 | ― | 0.18% | 13.38% | -37.21% | |
42 Neutral | ₹32.16B | 533.90 | ― | 0.27% | -32.14% | -95.80% |
* Consumer Cyclical Sector Average
IN:KITEX
Kitex Garments Limited
161.20
-90.52
-35.96%
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Kitex Garments Limited Corporate Events
Kitex Garments Independent Director Resigns, Triggers Board Change
Jun 6, 2026
Kitex Garments Limited has announced the resignation of independent director Chenakkott Philipose Philipose, effective from the close of business on June 06, 2026, citing personal reasons. His departure also results in him stepping down from all b...
Kitex Garments Independent Director Resigns Citing Personal Reasons
Jun 6, 2026
Kitex Garments Limited announced that independent director Chenakkott Philipose Philipose has resigned from the board, effective from the close of business hours on June 6, 2026, citing personal reasons. His departure also ends his roles as chairp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.