Kewal Kiran Clothing Limited (IN:KKCL)
:KKCL
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Kewal Kiran Clothing Limited
(KKCL)
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Rating:66Neutral
Price Target:
₹529.00
▲(9.27% Upside)
Action:Reiterated
Date:05/22/26
The score is mainly supported by strong financial performance (rapid scale-up and a solid balance sheet), but is held back by cash-flow volatility and some margin/net income softness. Technical signals are broadly bearish with the stock trading below key moving averages, while valuation is moderate with a low dividend yield.
Positive Factors
Multi-year Revenue Growth
Sustained multi-year revenue growth shows the company has scaled its distribution, product acceptance, and market reach. This durable top-line momentum supports continued investment capacity, brand building, and operating leverage potential over the next 2–6 months and beyond.
Negative Factors
Cash Flow Volatility
Sharp swings between very weak cash flow in 2025 and strong 2026 indicate working-capital or investment timing variability. Persistent volatility undermines planning, increases refinancing risk during downturns, and means delivery of durable free cash flow remains uncertain absent consistent execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth
Sustained multi-year revenue growth shows the company has scaled its distribution, product acceptance, and market reach. This durable top-line momentum supports continued investment capacity, brand building, and operating leverage potential over the next 2–6 months and beyond.
Read all positive factors
Kewal Kiran Clothing Limited (KKCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹30.19B
Dividend Yield0.41%
Average Volume (3M)3.50K
Price to Earnings (P/E)21.4
Beta (1Y)0.89
Revenue Growth20.94%
EPS Growth-3.59%
CountryIN
Employees1,919
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)21.08
Shares Outstanding61,625,183
10 Day Avg. Volume3,171
30 Day Avg. Volume3,502
Financial Highlights & Ratios
PEG Ratio-10.69
Price to Book (P/B)2.90
Price to Sales (P/S)2.24
P/FCF Ratio16.71
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)28.05
Revenue Forecast (FY)₹13.94B
Kewal Kiran Clothing Limited Business Overview & Revenue Model
Company Description
Kewal Kiran Clothing Limited (KKCL) is a prominent apparel firm that designs, manufactures, promotes, and sells branded ready-to-wear clothing and a variety of accessories. Its business activities extend across Asia, the Middle East, and the Commo...
How the Company Makes Money
KKCL primarily makes money by selling branded apparel and related products under its owned brand portfolio. Its revenue model is driven by (1) wholesale/trade sales to a network of distributors and retailers (including multi-brand outlets), where ...
Kewal Kiran Clothing Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.31B | 12.13B | 9.98B | 8.60B | 7.74B | 6.05B |
| Gross Profit | 4.11B | 5.12B | 4.17B | 3.69B | 3.25B | 2.46B |
| EBITDA | 2.32B | 2.62B | 1.91B | 2.14B | 1.72B | 1.01B |
| Net Income | 1.32B | 1.42B | 1.49B | 1.54B | 1.19B | 816.28M |
Balance Sheet | ||||||
| Total Assets | 15.47B | 14.97B | 14.26B | 8.37B | 8.17B | 7.43B |
| Cash, Cash Equivalents and Short-Term Investments | 3.10B | 3.20B | 2.79B | 3.72B | 2.97B | 3.15B |
| Total Debt | 1.76B | 1.28B | 1.64B | 197.04M | 659.83M | 818.77M |
| Total Liabilities | 4.88B | 3.77B | 4.35B | 1.61B | 2.70B | 2.65B |
| Stockholders Equity | 8.84B | 9.38B | 8.20B | 6.76B | 5.47B | 4.78B |
Cash Flow | ||||||
| Free Cash Flow | 487.10M | 1.63B | -715.50M | 1.26B | 510.71M | 463.77M |
| Operating Cash Flow | 596.90M | 1.83B | 136.50M | 1.36B | 750.77M | 568.68M |
| Investing Cash Flow | 80.20M | -283.30M | -1.84B | -99.80M | -178.69M | -20.63M |
| Financing Cash Flow | -247.40M | -506.20M | -198.40M | -663.93M | -524.12M | -120.53M |
Kewal Kiran Clothing Limited Technical Analysis
Positive
484.10
Price Trends
458.26
Positive
465.61
Positive
488.74
Negative
Market Momentum
2.42
Negative
68.83
Neutral
95.19
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KKCL, the sentiment is Positive. The current price of 484.1 is above the 20-day moving average (MA) of 442.46, above the 50-day MA of 458.26, and below the 200-day MA of 488.74, indicating a neutral trend. The MACD of 2.42 indicates Negative momentum. The RSI at 68.83 is Neutral, neither overbought nor oversold. The STOCH value of 95.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KKCL.
Kewal Kiran Clothing 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% | |
66 Neutral | ₹30.19B | 21.43 | ― | 0.41% | 20.94% | -3.59% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹39.19B | 0.73 | ― | 2.31% | -36.68% | -30.03% | |
48 Neutral | ₹74.87B | -9.65 | ― | ― | -37.56% | -57.88% |
* Consumer Cyclical Sector Average
IN:KKCL
Kewal Kiran Clothing Limited
489.95
-2.61
-0.53%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
61.58
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-16.51%
IN:ARVIND
Arvind Limited
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165.10
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IN:MONTECARLO
Monte Carlo Fashions Ltd.
558.85
-16.95
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IN:PAGEIND
Page Industries Limited
40,206.45
-4,177.58
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IN:RAYMOND
Raymond Limited
588.60
1.30
0.22%
Kewal Kiran Clothing Limited Corporate Events
Kewal Kiran Clothing Posts Audited FY26 Results, Declares Second Interim Dividend
May 9, 2026
Kewal Kiran Clothing Limited reported its audited standalone and consolidated financial results for the year and quarter ended March 31, 2026, prepared under Indian Accounting Standards and approved by its board. Management noted that revenue is s...
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.