Kitex Garments Limited (IN:KITEX)
:KITEX
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Kitex Garments Limited
(KITEX)
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Rating:59Neutral
Price Target:
₹175.00
▼(-4.19% Downside)
Action:Reiterated
Date:01/28/26
The score is primarily supported by strong recent growth and solid profitability, but is held back by negative free cash flow and rising leverage. Technically, momentum is mixed with a negative MACD and the stock below key longer-term moving averages. Valuation is a further headwind due to a high P/E and low dividend yield.
Positive Factors
High revenue growth and healthy margins
A recent 70.4% revenue jump combined with robust gross (39.3%) and net (14.1%) margins indicates durable demand and effective cost structure. Sustained margin levels support reinvestment and buffer profitability through cycles, helping finance expansion and absorb input cost swings over months.
Negative Factors
Rising financial leverage
Debt-to-equity at ~1.05 raises long-term financial risk: higher interest obligations reduce free cash available for growth or dividends and constrain flexibility during demand downturns. Persistent leverage increases vulnerability to margin or revenue shocks over months ahead.
Read all positive and negative factors
Positive Factors
Negative Factors
High revenue growth and healthy margins
A recent 70.4% revenue jump combined with robust gross (39.3%) and net (14.1%) margins indicates durable demand and effective cost structure. Sustained margin levels support reinvestment and buffer profitability through cycles, helping finance expansion and absorb input cost swings over months.
Read all positive factors
Kitex Garments Limited (KITEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.26B
Dividend Yield0.27%
Average Volume (3M)159.10K
Price to Earnings (P/E)―
Beta (1Y)1.59
Revenue Growth-6.40%
EPS Growth-65.87%
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 Ratio0.17
Price to Book (P/B)3.34
Price to Sales (P/S)3.51
P/FCF Ratio-7.46
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, together with its subsidiaries, manufactures and sells fabric and readymade garments in India. It primarily offers infant wear comprising body suits; rompters and skirts; burps; sleepsuits; tops and dresses; bibs; sleepwear...
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
75
Positive
Balance Sheet
65
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.95B | 9.83B | 5.77B | 5.36B | 7.46B | 4.28B |
| Gross Profit | 4.43B | 3.86B | 951.52M | 2.92B | 3.70B | 2.29B |
| EBITDA | 1.67B | 2.19B | 1.13B | 1.04B | 1.96B | 1.04B |
| Net Income | 932.92M | 1.39B | 563.31M | 575.54M | 1.25B | 542.73M |
Balance Sheet | ||||||
| Total Assets | 27.42B | 25.87B | 19.25B | 11.34B | 9.94B | 7.87B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 393.97M | 498.13M | 455.23M | 1.08B | 1.04B |
| Total Debt | 11.84B | 10.82B | 6.81B | 250.00M | 730.65M | 0.00 |
| Total Liabilities | 15.29B | 13.77B | 8.93B | 1.57B | 1.82B | 916.68M |
| Stockholders Equity | 10.42B | 10.33B | 9.05B | 8.58B | 8.12B | 6.96B |
Cash Flow | ||||||
| Free Cash Flow | -329.79M | -4.62B | -6.55B | -1.21B | -241.14M | 1.07B |
| Operating Cash Flow | 2.15B | 429.43M | -382.55M | 2.95B | 29.98M | 1.16B |
| Investing Cash Flow | -2.61B | -4.56B | -6.07B | -4.14B | -610.15M | -84.08M |
| Financing Cash Flow | 934.10M | 4.03B | 6.50B | 570.24M | 599.07M | -987.74M |
Kitex Garments Limited Technical Analysis
Negative
182.65
Price Trends
163.55
Negative
171.63
Negative
185.44
Negative
Market Momentum
-2.69
Positive
41.16
Neutral
20.57
Neutral
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 164.16, above the 50-day MA of 163.55, and below the 200-day MA of 185.44, indicating a bearish trend. The MACD of -2.69 indicates Positive momentum. The RSI at 41.16 is Neutral, neither overbought nor oversold. The STOCH value of 20.57 is Neutral, 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹11.68B | 3.10 | ― | 2.83% | 15.95% | 38.04% | |
71 Outperform | ₹127.66B | 21.31 | ― | 1.18% | 11.70% | 17.01% | |
64 Neutral | ₹49.98B | 92.98 | ― | ― | 7.45% | -25.89% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹426.97B | 53.03 | ― | 1.71% | 5.38% | 11.25% | |
59 Neutral | ₹31.26B | -96.49 | ― | 0.27% | -6.40% | -65.87% | |
59 Neutral | ₹40.92B | 64.82 | ― | 0.18% | 16.20% | -37.47% |
* Consumer Cyclical Sector Average
IN:KITEX
Kitex Garments Limited
156.70
-142.20
-47.57%
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1,360.75
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IN:MONTECARLO
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563.60
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-5.59%
IN:PAGEIND
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38,279.60
-8,856.96
-18.79%
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.