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Kitex Garments Limited
(KITEX)
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Rating:42Neutral
Price Target:
₹152.00
▼(-16.78% 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
Specialized export-oriented business model
Kitex's focused B2B apparel manufacturing model, concentrated on infant and children’s wear for export customers, provides a durable niche. Specialization supports repeat orders, manufacturing expertise and long-term customer relationships that underpin stable contract revenue and operational scale.
Negative Factors
Revenue and profitability collapse
A sharp revenue decline and collapsing margins point to structural pressure on pricing, demand or utilization. Such deterioration undermines sustainable earnings power, reduces retained earnings for reinvestment, and heightens the risk that profitability will remain weak for multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized export-oriented business model
Kitex's focused B2B apparel manufacturing model, concentrated on infant and children’s wear for export customers, provides a durable niche. Specialization supports repeat orders, manufacturing expertise and long-term customer relationships that underpin stable contract revenue and operational scale.
Read all positive factors
Kitex Garments Limited (KITEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹30.48B
Dividend Yield0.27%
Average Volume (3M)159.10K
Price to Earnings (P/E)519.7
Beta (1Y)1.65
Revenue Growth-32.14%
EPS Growth-95.80%
CountryIN
Employees5,258
SectorGeneral
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.29
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 manufactures and sells fabric and readymade garments for infants and children in India, the United States, and internationally. It manufactures and exports knitted fabrics and infant garments. The company sells baby suits, s...
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 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.67B | 9.83B | 5.77B | 5.36B | 7.46B |
| Gross Profit | 1.39B | 3.86B | 951.52M | 2.92B | 3.70B |
| EBITDA | 458.76M | 2.19B | 1.13B | 1.04B | 1.96B |
| Net Income | 59.09M | 1.39B | 563.31M | 575.54M | 1.25B |
Balance Sheet | |||||
| Total Assets | 30.42B | 25.87B | 19.25B | 11.34B | 9.94B |
| Cash, Cash Equivalents and Short-Term Investments | 1.52B | 393.97M | 498.13M | 455.23M | 1.08B |
| Total Debt | 11.99B | 10.82B | 6.81B | 250.00M | 730.65M |
| Total Liabilities | 18.03B | 13.77B | 8.93B | 1.57B | 1.82B |
| Stockholders Equity | 10.30B | 10.33B | 9.05B | 8.58B | 8.12B |
Cash Flow | |||||
| Free Cash Flow | -790.11M | -4.62B | -6.55B | -1.21B | -241.14M |
| Operating Cash Flow | 2.49B | 429.43M | -382.55M | 2.95B | 29.98M |
| Investing Cash Flow | -3.43B | -4.56B | -6.07B | -4.14B | -610.15M |
| Financing Cash Flow | 1.62B | 4.03B | 6.50B | 570.24M | 599.07M |
Kitex Garments Limited Technical Analysis
Negative
182.65
Price Trends
158.99
Negative
164.40
Negative
178.31
Negative
Market Momentum
-1.72
Positive
40.77
Neutral
13.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KITEX, the sentiment is Negative. The current price of 182.65 is above the 20-day moving average (MA) of 158.01, above the 50-day MA of 158.99, and above the 200-day MA of 178.31, indicating a bearish trend. The MACD of -1.72 indicates Positive momentum. The RSI at 40.77 is Neutral, neither overbought nor oversold. The STOCH value of 13.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KITEX.
Kitex Garments Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹11.15B | 9.92 | ― | 2.83% | 15.95% | 38.04% | |
71 Outperform | ₹142.63B | 34.21 | ― | 1.18% | 11.70% | 17.01% | |
68 Neutral | ₹445.54B | 59.18 | ― | 1.71% | 6.32% | 4.76% | |
61 Neutral | ₹62.84B | 61.26 | ― | ― | 3.19% | -38.40% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹39.37B | 37.59 | ― | 0.18% | 13.38% | -37.21% | |
42 Neutral | ₹30.48B | 519.69 | ― | 0.27% | -32.14% | -95.80% |
* General Sector Average
IN:KITEX
Kitex Garments Limited
150.60
-129.70
-46.27%
IN:ARVIND
Arvind Limited
540.25
200.09
58.82%
IN:GOKEX
Gokaldas Exports Limited
840.90
-89.90
-9.66%
IN:LUXIND
Lux Industries Ltd.
1,295.65
-174.81
-11.89%
IN:MONTECARLO
Monte Carlo Fashions Ltd.
536.60
-50.36
-8.58%
IN:PAGEIND
Page Industries Limited
40,512.85
-5,953.73
-12.81%
Kitex Garments Limited Corporate Events
Kitex Garments Confirms Timely Processing of Share Dematerialisation in Q1 FY2026-27
Jul 4, 2026
Kitex Garments Limited, a listed textile and apparel company based in Kerala, India, has its shares traded on BSE and the National Stock Exchange under the symbol KITEX and uses Cameo Corporate Services Limited as its Registrar and Transfer Agent ...
Kitex Garments Sets July 24 Meetings on Demerger Scheme with Kitex Childrenswear
Jun 23, 2026
Kitex Garments Limited has announced that the National Company Law Tribunal, Kochi Bench, has ordered meetings of its equity shareholders and unsecured creditors to consider a Scheme of Arrangement involving the demerger of Kitex Childrenswear Lim...
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.